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Opteon’s Short-Term Rental Analysis provides a more accurate report for short-term rentals

Housing Wire

The Short-Term Rental Analysis is easy to read, provides true short-term rental comparables and key market insights, and is analyzed and signed by one of Opteon’s Commercial Staff Appraisers. The product is completed from the desk of Opteon’s commercial staff appraisers in just 2-3 business days without requiring an inspection.

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Pennymac shakes up tech leadership

Housing Wire

They also come as the mortgage industry is making efforts to adopt artificial intelligence solutions to improve productivity and better assist customers. Meanwhile, Mike Hogan will be Pennymac’s new chief information officer, replacing Lior Ofir, who is departing the company to pursue new opportunities.

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Nearly half of loans processed in Q1 showed fraud risks: FundingShield

Housing Wire

The portfolio of loans examined included residential, commercial investor and business purpose loans. Nearly half (48%) of a $65 billion portfolio of loans processed during the first quarter of 2024 contained vulnerabilities to wire and title fraud , according to a report released Wednesday by FundingShield.

Loans 442
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Stavvy joins forces with WFG on eClosing tech solutions

Housing Wire

Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, announced on Wednesday a new partnership with WFG National Title Insurance Company (WFG) to provide the company and its customers with eClosing technology solutions.

Title 356
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Fifth Third Bank unveils new warehouse lending business

Housing Wire

“We’re bringing the resources of Fifth Third’s commercial bank to the mortgage industry to help our clients achieve their long-term strategic objectives,” Martin said. At Fifth Third, we look to be the banking partner of choice for independent mortgage bankers,” said Kevin Lavender, head of commercial banking at Fifth Third Bank.

Lending 382
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Fintech Maxwell acquires digital lending platform Revvin 

Housing Wire

Maxwell acquired LenderSelect Mortgage Group from Blue Ridge Bank in May to expand its secondary market trading platform, bringing hundreds of new clients to the company’s other solutions. Marvin Chang, Revvin’s chief commercial officer, has stepped down to pursue an opportunity in academia.

Lending 401
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Dovenmuehle Mortgage to lay off several hundred in Illinois

Housing Wire

Dovenmuehle, founded in 1844, provides a private-label mortgage sub-servicing solution, per its website. It is a sub-servicer for commercial banks, credit unions, independent mortgage lenders, MSR investors and state housing finance agencies nationwide. trillion, compared to $2.2

Mortgages 371