Housing Wire

OCTOBER 29, 2020

HousingWire recently spoke with Brian Simon, president of Trelix Mortgage Fulfillment Services, about how Trelix helps its clients work more efficiently while still maintaining compliance and performing due diligence. HousingWire: What sets Trelix apart from other mortgage fulfillment services?

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Housing Wire

NOVEMBER 29, 2021

The supply-chain bottleneck afflicting the global economy has its own counterpart in the world of residential mortgage-backed securities, also referred to as RMBS. They are in high demand for each stage of the mortgage process, yet they are in seriously short supply in a still-booming mortgage market. billion, compared to $49.69

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Due diligence Loan Officer Loans Mortgages 462

Housing Wire

NOVEMBER 30, 2021

Record-setting mortgage originations coupled with a resurgent private-label securitization market have created an expanding demand for loan underwriters at a time when they are in scarce supply. . A recent report from the Federal Reserve Bank of New York illustrates the explosion of mortgage originations during the past year.

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Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, senior vice president of operations support and operational risk for VRM Mortgage Services , offers strategies for doing just that, showing how VRM is growing and changing during these unique times. Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like?

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Due diligence Marketing Mortgages New Construction 401

Housing Wire

MARCH 23, 2021

Wherever there is commerce, there will be fraud, and the mortgage industry is no exception. 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.

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Lending Mortgages Due diligence Debt-to-income ratio 448

Housing Wire

APRIL 20, 2021

” From the Mortgage Bankers Association (MBA): “While MBA supports the ongoing development of such tools, MBA also acknowledges the need for appraisers and lenders to provide some level of oversight and due diligence to preserve the overall quality of the data referenced in future valuations. .”

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Technology Due diligence Lending Industrial 397

Housing Wire

SEPTEMBER 13, 2023

The mortgage servicing rights (MSR) market has been very active this year, with robust deal flow that is on par with last year’s record $1 trillion in trading volume and with generally good pricing for MSR packages, industry experts agree. We’re seeing good multiples [a measure of pricing on MSR pools], like 5.5

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Housing Wire

MARCH 16, 2022

California-based ICE Mortgage Technology announced this week two enterprise agreements to integrate its eClose solution to Maxwell and Roostify platforms, enabling a more streamlined closing process for lenders and borrowers. Encompass eClose will be part of the mortgage fintech Maxwell’s point-of-sale platform.

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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 352

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

FEBRUARY 16, 2023

LauraMac, a provider of mortgage loan review SaaS technology, has appointed Rick Seehausen as its chief strategy officer. Seehausen’s professional career spans nearly three decades in the mortgage industry. Launched in 2019, the company’s technology serves companies that acquire assets in the secondary market.

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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. bank accounts to various locations in West Africa via wire transfers.

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Industrial Banks Title Technology 383

Housing Wire

MAY 26, 2023

In a vacant lot or seller impersonation scam, public records are searched to identify real estate that is free of mortgage or other liens, as well as the identity of the property owner. We are glad we felt that something fishy was going on and that our technology partner, CertifID, verified those feelings for us.”

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Title Land Due diligence Sales 384

Housing Wire

NOVEMBER 16, 2022

By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Who wants to be in the mortgage business? trillion to $1.7 trillion. trillion to $1.7

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Banks Mortgages Loan Officer Due diligence 410

Housing Wire

MARCH 15, 2024

In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? And why not? CREs need not go it alone.

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Commercial Brokerage Due diligence Title 417

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 397

HomeLight

OCTOBER 29, 2021

The average time to close a loan was 48 days in July 2021 , according to ICE Mortgage Technology, a company that produces mortgage management technology. Some of the steps can be carried out concurrently — you can lock in your mortgage rate while shopping for home insurance, for instance.

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Housing Wire

APRIL 20, 2022

eVaults are an integral part of any end-to-end digital mortgage transformation. within the mortgage ecosystem. 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?

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Lending Due diligence Investor Technology 359

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

JANUARY 5, 2022

SitusAMC subsidiary Securent is expanding its reach into the private-label market with plans to soon introduce a loan-defect insurance product for residential mortgage-backed securities (RMBS) transactions, according to executives from both companies. Securities backed by the loans are then issued and sold to investors.

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Due diligence Marketing Loans Mortgages 386

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. Turnaround time for a cash sale typically takes as little as one to two weeks because you bypass the most time-consuming steps of a buyer getting a mortgage and appraisal.

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Sales Investor Renovation Due diligence 107

Marco Santarelli

SEPTEMBER 6, 2020

We are not suggesting using crowdfunding instead of applying for a mortgage. You can choose the loan duration, whether they’re using crowdfunding to save money on hard money loans or in place of a mortgage. Yet you’re legally obligated to pay the carrying costs such as the payments on a hard-money loan, mortgage, and insurance.

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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. You get paid! Check their BBB rating. Hot market puts pressure on iBuyer offers.

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HomeLight

APRIL 30, 2022

Buying a house is still one of the most stressful and time-consuming processes in the modern world, even with the advent of technology. But the latest home search apps can help fill in the knowledge gap by addressing everything you need to know in the home buying process, from mortgage payments to maintenance. Mortgage portals.

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HomeLight

MARCH 13, 2023

You don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises. Reiner advises asking for proof of funds such as a bank statement to ensure the buyer has sufficient resources to close the deal. The buyer does due diligence during the option period in Florida.

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Sales Investor Due diligence Renovation 98

HomeLight

MAY 24, 2022

Mortgage interest is tax-deductible , and many homeowners appreciate the deduction. If you only pay cash for the down payment, and take out a mortgage for the remainder of the purchase price, it keeps more money in your pocket. Everyone involved will need time to perform their due diligence. Why pay cash for a home?

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Purchase and sale agreement Closing Title search Title 107

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. And Zillow helps you to find mortgage lenders, once you find a property you want to buy. Credits: Redfin.com.

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Purchase and sale agreement Investor Land MLS 115

HomeLight

MARCH 16, 2023

There are just not enough buyers who have a good credit rating and can get bank underwriting,” he says. Naumann says buyers may not get a mortgage if big-ticket items like the roof or A/C aren’t in good condition. The buyer does due diligence during the option period in Texas. But that’s no longer the case.

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Sales Purchase and sale agreement Earnest money deposit Investor 93

Housing Wire

SEPTEMBER 6, 2022

The racial homeownership gap between Black and white Americans is wider than it was in 1960, and a combination of higher mortgage interest rates, rising home prices and an antiquated model for evaluating consumers’ ability to repay is exacerbating the problem. Understanding the language of cash-flow data.

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HomeLight

MARCH 10, 2023

Manufacturing, which has long been the staple of Buffalo’s economy , has fallen off in the past few years, but the city has successfully shifted growth to its technology, health, and education sectors. Its technology sector has expanded in recent years, becoming an important part of its economy. increase over 2022. Wise agrees.

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HomeLight

AUGUST 31, 2020

Because what technology has done is it’s changed our expectations. I’m sure you guys did some due diligence prior to reaching out, maybe you went to Zillow or something of that nature. And I’m imagining you’re not interested in acting like a bank and holding a note for a buyer. Aaron: Okay.

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HomeLight

MAY 17, 2021

Because what technology has done is it’s changed our expectations. I’m sure you guys did some due diligence prior to reaching out, maybe you went to Zillow or something of that nature. And I’m imagining you’re not interested in acting like a bank and holding a note for a buyer. Aaron: Okay.

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Marco Santarelli

APRIL 30, 2021

It can go even worse if you have purchased a property with an adjustable-rate mortgage because sometimes the interest rates keep rising and you will end up paying more even if you can’t afford it. Life moves very quickly these days, and technology is only increasing this rapid rate of change. 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. For buyers in the Boston housing market: It is a great opportunity to scoop up their favorite deals due to low mortgage rates. Inventory is tight.

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