Realty Biz

MARCH 15, 2021

While blockchain has already been used in sectors like finance and logistics for many years, the technology is now being leveraged within the real estate sector. Using cryptocurrencies to purchase real estate without using banks has already been happening over the last decade. Image Credit: Unsplash. Intermediaries.

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Technology Due diligence Title Marketing 145

Housing Wire

MARCH 23, 2021

In recent years, we have seen a significant uptick in fraudulent activity ranging from the high tech — intercepted wire transfers and electronic title phishing scams — to low-tech, such as applicants submitting falsified or doctored bank statements. Underwriters with hidden agendas.

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Lending Mortgages Due diligence Debt-to-income ratio 417

Housing Wire

MAY 13, 2022

The key difference in Blockchain, distributed ledger technologies (DLT) and related crypto-technologies today is we now understand how these technologies must adapt and are adapting to the world as it is. Emerging distributed ledger technologies are forming a consensus-based approaches to the blockchain within business domains.

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Due diligence Technology Banks Title 336

Housing Wire

APRIL 12, 2023

In the case of the real estate company, a spoofed email that purported to be from a real estate agent at the company directed a closing attorney to wire $154,000 in home-purchase funds to a bank account controlled by the fraudsters. The illicit proceeds from the closing-fund thefts were then quickly moved from the U.S.

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Industrial Banks Title Technology 362

Housing Wire

FEBRUARY 16, 2023

LauraMac, a provider of mortgage loan review SaaS technology, has appointed Rick Seehausen as its chief strategy officer. I look forward to working closely with Rick to leverage the success of our Loan Review System, prepare the launch of our Loan Acquisition System, and guide us in the development of new product lines.”

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Housing Wire

MAY 26, 2023

When it comes to close on the sale of the property the scammer will request a remote notary signing. The scammer then impersonates the notary and returns falsified documents to the title firm or closing attorney involved in the transaction. The title firm then transfers the closing proceeds to the scammer.

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Title Land Due diligence Sales 369

Realty Biz

OCTOBER 23, 2023

Now, there’s more evidence than ever that AI technology is here to stay in the real estate industry. Due diligence: AI can be used to automate the due diligence process for real estate transactions. This can help agents and brokers to be more responsive to their clients' needs and to close deals more quickly.

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As-is Industrial Due diligence Development 96

HomeLight

OCTOBER 29, 2021

You still have to make it through the house closing process, where inspections , credit problems, or paperwork issues can trip you up. The closing process fills several weeks as you navigate through multiple steps to make it to the closing table. How long does the house closing process take?

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Realty Biz

OCTOBER 16, 2020

The startups range from virtual staging tools to e-signature platforms, and are all aiming to make a big impact in the real estate technology sector. Second Century Ventures, a global venture fund in real estate technology, has more than 100 portfolio companies worldwide.

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Due diligence Technology Staging Property Management 76

Housing Wire

NOVEMBER 16, 2022

But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Still, consolidation is clearly underway in the mortgage banking industry already. By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 trillion to $1.7

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Banks Mortgages Loan Officer Due diligence 402

Housing Wire

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? That’s probably why so many title and closing firms have tried their hand at CRE business in the effort to diversify. CRE firms are also suffering through the highest interest rates seen in years.

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Commercial Brokerage Due diligence Title 377

Real Trends

JULY 28, 2022

At the same time, Halifax’s economic growth is creating job opportunities for many skilled workers, especially those in hospitality, technology, financial services, and life sciences.” . Shortly after, the Bank of Canada increased interest rates. “We continue to see buyers from Ontario, British Columbia, the U.S.,

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Marketing Due diligence Land Banks 93

Housing Wire

JUNE 2, 2022

Morgan CEO Jamie Dimon is famously no fan of crypto, the bank dove into the enigmatic world of blockchain-based finance in 2020 with the launch of Onyx , a business unit devoted to exploring and expanding the use of blockchain technologies. . also recognize the industry-changing potential of blockchain-enabled technology. .”

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Equity Due diligence Technology Investor 382

HomeLight

MARCH 30, 2022

According to the loan software firm ICE Mortgage Technology, it took 54 days on average to close a home purchase loan in December 2021. Reduce the time it takes to close your sale. But proceed with caution and don’t sign any documents until you’ve done your due diligence. Benefits of real estate cash buyers.

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Sales Investor Renovation Due diligence 95

Housing Wire

APRIL 20, 2022

Non-bank lenders that originate to sell loans will appreciate how quickly eNotes can move on and off warehouse lines and, ultimately, to investors. What steps should a lender take before investing in eVault technology? How digital are your current origination and closing processes? Start with a few basic questions.

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Lending Due diligence Investor Technology 305

Housing Wire

JANUARY 5, 2022

SitusAMC, a leading provider of services and technology to the real estate industry, controls some 60% to 70% of the due-diligence loan-review market, according to its CEO, Michael Franco. In terms of competition, Franco added that the private-label market is now largely uncharted territory with respect to loan-defect insurance.

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Housing Wire

MAY 22, 2023

Setpoint , a real estate funding platform, acquired Resolute Diligence Solutions to support proptech and single-family rental re-engagement in the market, the firm said. About six months prior to the funding, the tech firm closed a $5.5 In December, Setpoint raised $43 million in a Series A round led by Andreessen Horowitz (a16z).

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HomeLight

AUGUST 31, 2021

As a rising number of companies provide cash offers for homes and improve experiences for sellers with advanced technology, the idea that you don’t have to wait months to list and close on your house appeals to many stressed-out sellers. Plus, you’ll save money on things like commissions, repairs, and closing costs.”.

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Proof of funds Investor Due diligence Closing 144

HomeLight

APRIL 30, 2022

It’s time for you to buy a house, and between the financial questions (how much will you need for closing costs? Buying a house is still one of the most stressful and time-consuming processes in the modern world, even with the advent of technology. what’s considered “overpaying” on a house?) Social media apps.

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HomeLight

MAY 24, 2022

Sellers tend to prefer all-cash offers because those deals close more quickly. Even though it’s all cash to the sellers at closing, with a cash offer, “you don’t have to go through the appraisal or the bank approval process — it’s cleaner.”. Everyone involved will need time to perform their due diligence.

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Purchase and sale agreement Closing Title search Title 104

HomeLight

MARCH 13, 2023

Receive your offer within a week and close in as little as 10 days. The benefit of cash offers for sellers is that these deals tend to close faster and have fewer risks , ” she explains. Barrett Spray Real Estate Agent Close Barrett Spray Real Estate Agent at Keller Williams 5.0 Need to Sell Your House Fast in Orlando?

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Sales Investor Due diligence Renovation 80

HomeLight

NOVEMBER 30, 2022

When you choose well, your real estate agent will be your guide as you find your perfect home and make it to the closing table. Attending the closing and ensuring it goes smoothly. Leverage technology. Learn more: Get the Latest News on Real Estate Technology. Writing an offer and handling negotiations.

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Agents Purchase and sale agreement Technology Seller concession 109

HomeLight

MARCH 16, 2023

Receive your offer within a week and close in as little as 10 days. There are just not enough buyers who have a good credit rating and can get bank underwriting,” he says. Ramcharitar says sellers also pay 2% of the sales price for closing costs and another 2% for title insurance. Need to Sell Your House Fast in Houston?

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Sales Purchase and sale agreement Earnest money deposit Investor 66

Marco Santarelli

AUGUST 17, 2020

Instead, we’re going to focus on the best real estate websites that make it easier to perform due diligence when researching properties and simplify the process of finding, vetting, and managing tenants. Zillow Closing Services, Zillow’s affiliated title, and escrow provider offer title and closing services.

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Purchase and sale agreement Investor Land MLS 115

HomeLight

MARCH 10, 2023

With more than 17 years of experience in the Syracuse market, Frank Procopio has closed nearly 600 real estate transactions and has personal experience flipping houses, as well as working with investors and homebuyers who are actively flipping houses in the area. Its 2023 year-starting median home value of $201,076 represents an 8.7%

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House Flipping Renovation Investor Finance 88

HomeLight

AUGUST 31, 2020

You go inside to close the deal, but a half-hour later or maybe an hour, that crazy thing happens. ” Like, that’s an assumptive close. Three actives, three closed, one pending. Because what technology has done is it’s changed our expectations. ” [Sound: doorbell ringing]. Matt: Right.

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Pre-qualification Agents Due diligence As-is 94

HomeLight

MAY 17, 2021

You go inside to close the deal, but a half-hour later or maybe an hour, that crazy thing happens. ” Like, that’s an assumptive close. Three actives, three closed, one pending. Because what technology has done is it’s changed our expectations. ” [sound: doorbell rings]. Matt: Right.

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Pre-qualification Agents As-is Due diligence 60

Housing Wire

SEPTEMBER 6, 2022

The most straightforward method for understanding a consumer’s ability to make a mortgage payment is analyzing the funds going in and out of their bank each month. ATP helps lenders turn declined loans into closed loans, and it helps more consumers unlock the generational wealth building power of homeownership.

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Due diligence Banks Finance Technology 421

Marco Santarelli

APRIL 30, 2021

For example, if you purchased a bank foreclosure, or property from a distressed seller at a price far enough below the current market value, then you could buy in a declining market and be able to flip it for a quick profit or hold it for cash flow, assuming you bought it with the right terms. Not Conducting Proper Due Diligence.

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Investor Residential Finance As-is 111

Marco Santarelli

AUGUST 18, 2020

While mortgage rates are pushed lower by the recession caused by the economic shutdown, banks are managing their risk by requiring you to have near-perfect credit. They'll have to rebuild after they've liquidated a closed business and find a job with which to pay the bills. This means there are fewer qualified buyers.

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Marketing Purchase and sale agreement Investor Sales 124