Housing Wire

FEBRUARY 15, 2024

As we continue to grow our portfolio, we’ll use equity as well as debt … a lot of the banks that he works with also do commercial lending. As we continue to grow our portfolio, we’ll use equity as well as debt … a lot of the banks that he works with also do commercial lending. Shant has an incredible network.

Loan Officer 409

Loan Officer Commercial Investor Banks 409

Housing Wire

SEPTEMBER 29, 2022

If the deal goes through, it would instead focus on other lines of business , such as reverse mortgages, commercial lending and home improvement. ” The post FoA plans to sell retail division to Guaranteed Rate, close wholesale channel: sources appeared first on HousingWire. The company ranked no. 33 among the top U.S.

Closing 432

Closing Finance Commercial Mortgages 432

Housing Wire

APRIL 29, 2024

Sean Murphy is eXp’s new senior vice president of commercial growth, while Nadia Habib was promoted to the role of senior vice president to oversee growth in Canada. In 2023, eXp agents closed 355,052 transaction sides, earning the firm the top spot in the RealTrends Verified rankings. 3 spot in the rankings. million in 2022.

Commercial 417

Commercial Brokerage Agents Industrial 417

Housing Wire

FEBRUARY 9, 2024

CoStar said it plans to continue running the commercials throughout the rest of 2024, including during major TV broadcasts like the Oscars and the NBA playoffs. No other competitor comes close to our investment to drive leads to all agents,” the video states. So, it is the best place to get attention on a brand.”

Commercial 450

Commercial Marketing Residential Branding 450

Housing Wire

SEPTEMBER 15, 2020

The virtual notary services industry has become increasingly popular amid the COVID-19 pandemic as businesses have adopted remote signatures to adhere to social distancing protocols while closing on mortgages and other loans. Electronic closings supported by remote online notarization (RON) offer advantages to notaries, borrowers and lenders.

Closing 491

Closing Loans Banks Investor 491

Housing Wire

APRIL 17, 2024

The portfolio of loans examined included residential, commercial investor and business purpose loans. issues, which FundingShield says indicates a lack of appropriate controls by closing agents and lenders to identify and fix issues. “Q1 On loans that exhibited problems, the analysis found an average of 2.22 of transactions.

Loans 450

Loans Title Commercial Closing 450

Housing Wire

MARCH 6, 2024

The move strengthens the bank’s balance sheet amid a confidence crisis related to its commercial real estate loan portfolio. Liberty is expected to invest $450 million, followed by $250 million from Hudson Bay Capital and $200 million from Reverence Capital Partners. The leadership is also changing. billion goodwill impairment.

Equity 416

Equity Mortgages Banks Commercial 416

Housing Wire

OCTOBER 12, 2023

If approved, AmeriFirst’s retail and commercial loans worth more than $5 million will be sold to a non-QM lender Oaktree Funding Corp., With the sale, Oaktree would pay $293,000 of two closed and partially drawn commercial loans to Sound Capital to retire AmeriFirst’s obligations to Sound Capital under its warehouse line.

Loans 410

Loans Bankruptcy Sales Commercial 410

Housing Wire

MARCH 21, 2024

Adding his leadership skills will be beneficial at a time when Planet is looking to differentiate itself with various purchase loan products, one-time-close construction loans and other niche programs, the company stated. Stepping into Planet Home Lending marks a pivotal chapter in my career,” Kingsborough said in a statement. “I’m

Lending 420

Lending Sales Commercial Loans 420

Housing Wire

APRIL 28, 2022

First the market is shifting away from refinance transactions towards purchase and commercial transactions, which is where we have a greater market share. The Guide to Accelerating Closings in 2022. Like other “big four” member Stewart , First American’s commercial title volume and revenue saw big improvement from a year ago.

Title 384

Title Commercial Closing Loans 384

Housing Wire

JANUARY 27, 2023

Carolyn Monroe, the president of Old Republic’s title insurance segment, attributed the relatively small yearly drop in 2022 to a strong performance by the firm’s commercial title insurance sector. Commercial premiums reported for full year 2022 represented an all-time high for the title group. million, down from $627.0

Title 397

Title Commercial Residential Investor 397

Housing Wire

FEBRUARY 24, 2022

Agency title premiums and commercial title revenue also increased 23% and 70%, respectively during the fourth quarter. Commercial orders also increased, with the number of commercial orders opened increasing 13% and the number of commercial orders closed increasing 17% year over year. billion, with $1.0

Title 384

Title Commercial Land Residential 384

Propmodo

FEBRUARY 19, 2024

Cushman & Wakefield hasn’t been the leader in commercial real estate when it comes to deploying cutting-edge new tech like AI. But its new partnership with Microsoft for AI solutions could close the gap. CBRE has already deployed its AI building management tech on 1 billion square feet of space they are managing.

Closing 113

Closing Commercial Brokerage Technology 113

Housing Wire

NOVEMBER 11, 2022

Also worth noting is the $381 million in revenue generated by the commercial sector, which is up 4% year over year and represents a record high for a third quarter. “I Despite some headwinds created by a slower housing market, Fidelity performed well in the third quarter. So I feel like there’s good activity.”.

Title 370

Title Commercial Closing Residential 370

Housing Wire

MAY 11, 2022

The number of purchase orders opened per day dropped 1% year over year, while the number of commercial orders opened per day rose 6% compared to a year prior. The increase in commercial volume led to a 46% year-over-year increase in commercial revenue to $347 million. However, the firm expects commercial volume to remain strong.

Title 384

Title Commercial Residential Investor 384

Realty Biz

JANUARY 11, 2024

The two dimensions of the real estate world, residential and commercial, have significant differences, and any aspiring agent needs to know what it all is about before biting off more than they can chew. It can be crucial to know in advance if you can do both commercial and residential real estate.

Commercial 48

Commercial Residential Agents Brokerage 48

Housing Wire

JULY 28, 2023

These decreases came as the total number of closed title orders for the quarter dropped to 128,300 from 205,000 a year ago. This decrease, plus the drop average revenue per commercial order from $13,200 to $11,600, was partially offset by a 1% annual increase in revenue per order to $3,640. “We million was down from the $240.7

Title 369

Title Commercial Residential Investor 369

Housing Wire

JUNE 7, 2022

New York-based AmTrust Title Insurance Company on Tuesday introduced MidPoint , its new title closing solution enabling title agents to work outside their geographic areas to serve clients nationwide. MidPoint’s three transaction service levels are the “title-only workflow,” the “sub-escrow workflow,” and the “full-escrow service.”.

Title 384

Title Title search Closing Commercial 384

Housing Wire

JUNE 7, 2023

” Chandler brings to the role more than 30 years of experience in commercial real estate finance, having been with M&T since 1991. She also worked as a senior Fannie Mae DUS underwriter and held various roles managing the closing and delivery for FHA and Ginnie Mae transactions.

Commercial 370

Commercial Finance Lending Mortgages 370

Housing Wire

APRIL 9, 2024

Hunterbrook also claims that borrowers paid in UWM loans a total of $229 million more in closing costs over the past four years than the average-priced loan. A lawsuit filed by borrowers on the heels of the report states that UWM created a ‘ corrupt ’ scheme with loyal brokers to send loans its way, applying excess fees and costs.

Fixed-rate mortgage 441

Fixed-rate mortgage Loans Mortgages Loan Officer 441

Housing Wire

FEBRUARY 10, 2022

This data is critical as it fuels our operational efficiency initiatives are title automation efforts and our ongoing efforts to digitize the real estate closing experience. Most notably, commercial title revenue was up 66% to $377 million, contributing to a record of $1 billion in commercial title revenue for all of 2021.

Title 397

Title Commercial Residential Closing 397

Housing Wire

FEBRUARY 10, 2023

million, thanks to a 32% annual drop in non-commercial domestic title orders to $171.3 million, and a 28% drop in commercial domestic orders to $66.9 Overall, total direct title revenue for the quarter was down 31% to $269.9 During the fourth quarter of 2022, First American recorded a revenue to $1.7 from 2021 to a record $1.0

Title 369

Title Commercial Investor Staging 369

Housing Wire

MARCH 30, 2022

We caught up with Hurst to talk about his new role and why the firm is looking to invest in commercial real estate tech startups and mortgage tech firms. Since we now have good coverage across those segments, our more recent investments have primarily focused in two areas – mortgage technology and commercial real estate. As of Sept.

Title 370

Title Mortgages Commercial Technology 370

First Team Real Estate

JULY 28, 2020

HESPERIA, CA – Commercial broker and manager of the First Team Real Estate High Desert offices, Bruce Kallen recently closed escrow on two significant commercial transactions totaling over $8 million in closed sale volume. million, and a $1.45 million 7-11 anchored strip center in the Victor Valley. million, and a $1.45

Commercial 98

Commercial Closing Sales Residential 98

Marco Santarelli

MAY 15, 2023

The commercial real estate market is currently facing a looming crisis that experts predict could surpass the challenges experienced during the 2008 financial downturn. Additionally, with a significant number of commercial mortgages due for refinancing in the coming years, the situation is becoming increasingly precarious.

Commercial 64

Commercial Marketing Lending Banks 64

Housing Wire

JUNE 25, 2021

Hometown Title and Escrow is led by industry veteran Sharon Keegan and serves both residential and commercial transactions in the Northern Virginia and Washington, D.C. ” The title and land company also announced the recent hiring of 25-year industry veteran Heather Niedens, a national commercial escrow officer.

Title 373

Title Land Commercial Residential 373

Housing Wire

JANUARY 31, 2023

First Internet Bank will end its direct-to-consumer operations in the first quarter of 2023 and shifts its focus to origination efforts on its floating rate loan products — most notably its commercial construction and small business lending — as well as its higher-yielding fixed rate programs, such as franchise finance.

Banks 421

Banks Mortgages Lending Commercial 421

Housing Wire

AUGUST 25, 2022

Closing software provider Qualia has launched Qualia Application Programing Interface (API), according to an announcement on Wednesday. Qualia is not the only closing software firm working on improving integration. Over the past few weeks, SoftPro has announced its integration with several title firms, most notably Doma.

Title 384

Title Principal Commercial Technology 384

Housing Wire

JUNE 7, 2021

Jason Gordon, AmTrust Title president, said Bozzomo is “ideal” for the role based on his experience with complex commercial transactions — including retail, office and multifamily. Like most in the title and closing industry, underwriters have had to adapt to a post-pandemic housing industry.

Title 370

Title Commercial Closing Land 370

Housing Wire

MAY 26, 2023

Because the title and settlement services business is closely regulated at the local level, a title firm needs to have some kind of presence or capability within the geographic footprint it serves. Again, just hanging out a shingle — especially for commercial closings — won’t get it done. Cutting corners is not an option.

Title 370

Title Marketing Purchase and sale agreement Commercial 370

Housing Wire

NOVEMBER 16, 2023

Additionally, Fitch reported that it expects commercial title volumes to be modestly down year over year in 2024 as the office and retail property segments continue to experience economic pressure. Affordability issues and concerns about a recession are two things Fitch is watching closely in 2024.’’ Fitch does not rate Old Republic.

Title 419

Title Commercial Mortgages As-is 419

Housing Wire

OCTOBER 7, 2022

Guaranteed Rate this week walked away from negotiations to acquire Finance of America ’s forward mortgage retail channel, which may result in FoA closing the division, sources with direct knowledge of the negotiations told HousingWire. It is company policy not to comment on rumors or speculation in the market,” a spokesperson for FoA said.

Commercial 397

Commercial Finance Loans Mortgages 397

Housing Wire

JUNE 30, 2022

title insurance industry’s risk-adjusted industry capital declined, however, overall it remained supportive of ratings at the close of 2021. title insurance industry’s risk-adjusted industry capital declined, however, overall it remained supportive of ratings at the close of 2021. Presented by: SoftPro.

Title 370

Title Industrial Marketing Commercial 370

Housing Wire

OCTOBER 31, 2022

In addition, both non-commercial and commercial title revenue were down, with yearly decreases of 18% and 5%, respectively. The market has shifted away from refinance towards purchase and commercial transactions, which is where we are stronger. The firm’s title segment reported an operating revenue of $647.9

Title 370

Title Marketing Commercial Investor 370

Housing Wire

FEBRUARY 23, 2023

Despite the closed title purchase order volume dropping 36% year over year and the number of closed refinance orders dropping 79% compared to the fourth quarter of 2021, Fidelity National Financial still managed to record a strong Q4 in 2022. We responded with disciplined cost actions as opened orders began to decrease.”

Title 370

Title Marketing Commercial Mortgages 370

Housing Wire

SEPTEMBER 27, 2023

Marvin Chang, Revvin’s chief commercial officer, has stepped down to pursue an opportunity in academia. Maxwell claims the average loan officer on Maxwell’s platform consistently closes 20% more loans each month than the national average. The financial terms of the transaction have not been disclosed.

Lending 441

Lending Loan Officer Loans Technology 441

Realty Biz

SEPTEMBER 22, 2020

Commercial real estate architecture is changing every year and each year with new materials, layouts, designs and market demands that dictate how the world of real estate develops. Sustainability efforts. Corporate sustainability has been going strong for quite some time and it’s still trending in 2020. Better workplace experience.

Commercial 124

Commercial Development Design Industrial 124