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Snapdocs raises $150 million in Series D funding

Housing Wire

In the seven months since it raised a $60 million Series C funding round, Snapdocs has increased its investments in innovation. real estate transactions representing over $60 billion in mortgage value. In an interview with HousingWire, King said the many facets of digital closing are still befuddling tech companies.

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Mortgage market affordability and inventory challenges

Housing Wire

We interviewed more than 25 mortgage industry experts to gather the best insights, strategies, and recommendations to pivot and win in today’s market. It was no surprise that affordability hit the top of the list in every interview. Median home prices have risen by 60% since 1980, while median family income has only risen by 25%.

Mortgages 397
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Mat Ishbia talks super-low mortgage rates, adverse market fee and capacity limits

Housing Wire

In an interview this week with HousingWire, the 40-year-old Ishbia dished on how the third quarter is shaping up , capacity limits in the mortgage industry, the likely impact of the upcoming adverse market fee , and the company’s latest low-rate mortgage product, a 30-year fixed cash-out refi at rates as low as 2.5%. and 2.99%.

Mortgages 466
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Top NJ LO Chris Gallo is getting back to basics in 2023

Housing Wire

. “That’s going to be a big part of 2023, just kind of getting back to the basics of managing data and managing our previous relationships,” Gallo said in an interview with HousingWire. This interview has been condensed and lightly edited for clarity. “People always know people [who are] buying.

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Push button. Get CEO? What’s next for Rocket

Housing Wire

Instead, Farner recounted in an interview with tech outlet Protocol , they would do mortgages by telephone. ” HousingWire interviewed several of the lender’s analysts to better understand the challenges and opportunities ahead for Rocket’s new CEO. 28 earnings call.

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Inside Rocket’s new strategy to win over brokers

Housing Wire

The name change to Rocket Pro TPO will take place within the next 60 days, the company told HousingWire. Brokers love it,” Niemiec said in an interview. “We In the second quarter, Rocket’s direct-to-consumer business generated $46.8 We’ll be rolling that out on the day of the announcement.”.

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The “Big Four” take on the upstarts in title insurance

Housing Wire

doesn’t feel that the “Big Four,” namely Fidelity National Title , First American Financial , Old Republic Title and Stewart Title , who as of the second quarter of 2021 controlled 80.3% Back in 2014 the average age of a title agent or broker, according to industry statistics, was 60. That hasn’t changed over the past seven years.

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