Housing Wire

OCTOBER 23, 2023

From a data lens, transactions can be broken out into three different stages: Valuation , Due Diligence , and Contract. Valuation – The valuation stage can also be considered the preliminary due diligence stage. Once an offer is accepted, the full due diligence stage commences.

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Due diligence Brokerage Staging Agents 415

Housing Wire

MAY 20, 2022

That’s why due diligence is a critical element of every mortgage transaction. The purpose of due diligence is to protect lenders by reviewing and verifying all information provided by borrowers to eliminate fraud and other concerns. Of all the factors required for a due diligence review, accuracy is the most critical.

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Due diligence Loans Residential Technology 395

Housing Wire

SEPTEMBER 11, 2024

At the vanguard stands Mortgage Connect Risk Solutions (MCRS), formerly Adfitech, a leader in risk management, quality control , third-party reviews, and due diligence, known for protecting mortgage lenders and investors from the risks inherent in mortgage lending. million loans and reviewing over 300 million documents.

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Due diligence Mortgages Lending Loans 369

Housing Wire

APRIL 18, 2024

The overarching goal of prefunding QC is to ward off problems before they become issues on closed loans. A large portion of those loans, once repurchased from the government-sponsored enterprises (GSEs) at par, were later resold for much less in the so-called “scratch and dent market.

Loans 420

Loans Due diligence Investor Technology 420

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: How do Trelix services help users minimize risks and perform loan due diligence?

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Due diligence Mortgages Title search Loans 410

Housing Wire

MAY 27, 2025

Any transaction would be subject to due diligence and board approval, as is standard procedure in cases like this. Meanwhile, Two Harbors Investment acquired RoundPoint Mortgage Servicing and Rithm Capital closed a deal for Computershare Mortgage Services, bringing in Specialized Loan Servicing. Guild originated $5.2

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Due diligence Principal Commercial Mortgages 165

Housing Wire

SEPTEMBER 14, 2021

Terms of the deal, which is expected to close in the fourth quarter of 2021, were not disclosed. Covius, formerly known as LenderLive , said 670 employees of NTC will be joining the firm once the deal closes, including senior management. NTC’s market-leading solutions strategically complement Covius’ existing broad offerings.”.

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Title Due diligence Closing Loans 370

Housing Wire

DECEMBER 2, 2021

The imbalance has been particularly acute for third-party due diligence (TPR) firms that employ underwriters to review and assess the quality of loan pools used as collateral in private-label securitization deals. He also said his firm is working to “modularize” its approach to due-diligence reviews in the private-label space.

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Due diligence Mortgages Technology Loans 384

Housing Wire

JUNE 21, 2022

The capital markets depend on the due diligence, transparency, and protection our industry provides to do its job. There has been a great deal of innovation around purchasing homes, making credit available, and closing real estate transactions. Why is a title search necessary for refinancing?

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Title Title search Land Due diligence 512

Housing Wire

JANUARY 6, 2023

This can cause problems for servicers in instances where loans are acquired with unknown, pre-existing property tax delinquencies missed in the due diligence phase. Some of these risks include: Minimum due diligence on a new loan population incurred from the previous servicer “Pre-existing” conditions (e.g.

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Due diligence Loans Industrial Investor 420

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 Setpoint is helping these firms improve operational and capital efficiency.

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Due diligence Title Banks Closing 407

Housing Wire

MAY 15, 2024

The transaction is subject to due diligence, negotiation of definitive terms and other closing conditions. The sale is expected to close in the third quarter of 2024. On Tuesday, NYCB said it entered into a commitment letter with JPMorgan. market share, according to Inside Mortgage Finance (IMF) estimates. billion; 5.7%).

Loans 438

Loans Mortgages Due diligence Banks 438

Housing Wire

APRIL 26, 2022

It offers a 15-day loan-closing window and to date has originated “billions of dollars” worth of traditional mortgages dubbed “smart loans” by the company, according to Jacob, who was one of the original strategic advisors to Facebook when it was in its startup phase. “We It’s an open platform. To date, LoanSnap has originated about $7.3

Mortgages 450

Mortgages Due diligence Equity Loans 450

Housing Wire

MARCH 15, 2024

That’s probably why so many title and closing firms have tried their hand at CRE business in the effort to diversify. Similarly, because of lack of expertise or experience, more than a few ABAs have closed their doors not long after being established. Instead, they’re leaving money on the table. Not to mince words: title is hard.

Commercial 420

Commercial Brokerage Due diligence Title 420

Housing Wire

MARCH 2, 2021

HousingWire: What are some due diligence and underwriting challenges loan originators face today? Steve Greenfield: Lenders have always faced certain challenges when meeting necessary due diligence and providing accurate underwriting services. With the pandemic, they can be even more difficult these days.

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Title Lending Due diligence Title search 302

Housing Wire

MARCH 23, 2021

The COVID-19 pandemic, coupled with skyrocketing refinance applications due to a low interest rate environment, have created a perfect storm for fraud. Wherever there is commerce, there will be fraud, and the mortgage industry is no exception. Underwriters with hidden agendas. How lenders can prepare for growing fraud threats.

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Lending Mortgages Due diligence Debt-to-income ratio 450

Housing Wire

SEPTEMBER 13, 2022

It is expected to close by the end of the third quarter, according to Fitch Group, which also is the parent of data, research and analytics provider Fitch Solutions. It is expected to close by the end of the third quarter, according to Fitch Group, which also is the parent of data, research and analytics provider Fitch Solutions.

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Due diligence Marketing Finance Loans 368

Housing Wire

JANUARY 5, 2023

is the latest former business partner to sue Sprout Mortgage in a suit filed six months after the mortgage lender abruptly closed its doors. Loan America agreed it would not fund or close such a loan until receiving a “cleared to close” confirmation from Sprout. California-based Loan America, Inc.

Loans 431

Loans Due diligence Loan Officer Mortgages 431

Housing Wire

MAY 19, 2025

Second, was to build an internal, proprietary loan tech platform tailored to our specific needs as a correspondent lender, managing interactions with originators, third-party due diligence vendors, servicers, and custodians. HW: Your space is something that’s becoming increasingly more competitive.

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Lending Loans Due diligence Investor 199

Housing Wire

APRIL 7, 2022

The sale of reperforming loans (RPLs) is being marketed in collaboration with Citigroup Global Markets , with bids due by May 3, 2022. The sale of reperforming loans (RPLs) is being marketed in collaboration with Citigroup Global Markets , with bids due by May 3, 2022. The transaction is expected to close on April 18, 2022.”.

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Loans Sales Principal Due diligence 370

Housing Wire

SEPTEMBER 6, 2022

ATP helps lenders turn declined loans into closed loans, and it helps more consumers unlock the generational wealth building power of homeownership. As mortgage professionals, it is our duty to support homeownership in the communities we serve with sustainable home financing opportunities. Understanding the language of cash-flow data.

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Due diligence Banks Finance Technology 450

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. SitusAMC CEO Michael Franco. Franco added that to get that insurance benefit, loans would require a third-party review. “We

Due diligence 395

Due diligence Marketing Loans Mortgages 395

Housing Wire

APRIL 16, 2021

For those in the title industry seeking to build an M&A strategy, you probably already have a plan; perhaps a consultant and a (hopefully) great attorney or compliance consultant to handle the ins and outs of due diligence, valuation and the acquisition or merger itself. That’s pretty basic. That’s not their problem.

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Title Industrial Due diligence Technology 370

Housing Wire

MAY 21, 2025

It can take weeks or even months to find your first client, weeks or months to go under contract on a property, then typically another six to eight weeks until closing. Save money for taxes Once a new real estate agent has their first closing, it can be tempting to go on a shopping spree and celebrate. So plan ahead.

Agents 243

Agents Brokerage Banks Due diligence 243

Housing Wire

AUGUST 12, 2022

The reperforming-loan sale is slated to close by late October 2022, after due-diligence period. Freddie Mac updates risk mitigation requirements for the industry due to elevated cybersecurity threats. Bids for the FNA 2022-RPL4 offering are due by Sept. million in unpaid principal balance; pool 2 is at $342.5

Loans 384

Loans Purchase and sale agreement Principal Due diligence 384

Housing Wire

MAY 16, 2023

” Richmond, Virginia-based LenderSelect Mortgage Group, which provides mortgage loan solutions to lenders, closed its sale to Blue Ridge Bankshares Inc. ” Richmond, Virginia-based LenderSelect Mortgage Group, which provides mortgage loan solutions to lenders, closed its sale to Blue Ridge Bankshares Inc.

Mortgages 394

Mortgages Due diligence Banks Technology 394

Housing Wire

FEBRUARY 23, 2023

Having said that, we’re seeing continued strong interest in evaluating and purchasing mortgage closing platforms. What we’re hearing is, “Give me a platform that will grow with me and provide me with a consistent operational workflow regardless of whether I am closing via paper, hybrid or fully digital with an eNote.”

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Due diligence Technology Loans Lending 384

Housing Wire

FEBRUARY 7, 2022

Purchase loans create unique challenges for lender processing, compliance, underwriting and funding teams, particularly when it comes to closing the loan. Purchase loans create unique challenges for lender processing, compliance, underwriting and funding teams, particularly when it comes to closing the loan. trillion for 2022.

Loans 368

Loans Due diligence Title Technology 368

Housing Wire

NOVEMBER 13, 2023

It’s the backbone of the lending process , responsible for handling complex calculations, managing compliance and orchestrating a multitude of moving parts to transform an application into a closed loan. In reality, the LOS is not the problem; the technology is doing exactly what it was designed to do.

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Lending Technology Due diligence Loans 409

Housing Wire

JANUARY 31, 2025

Back then, you had two choices to get your real estate license education: one was to spend long hours in a classroom or two was to watch low-quality, instructor-led VHS videos and endless workbooks. I opted for the latter. This is no small task. All of the educational requirements today can be completed online. This is a blessing and a curse.

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Pre-approval Brokerage Due diligence As-is 279

Housing Wire

DECEMBER 3, 2021

Compared to 2007 and 2008 there’s more due diligence in mortgage qualifying. This week’s HW+ member spotlight features Reina Ramos, senior vice president, mortgage market leader at City National Bank of Florida. The reporting is unbiased and provides relevant information for today’s industry.

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Due diligence Loan Officer Banks Industrial 384

HomeLight

NOVEMBER 28, 2024

Receive your offer in 24 hours and close in as few as 10 days. Do your due diligence If you’ve found a cash buyer you’re considering selling your house to, it’s important to thoroughly vet that company or individual to make sure they’re legitimate. No showings, no repairs, no open houses.

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Proof of funds Due diligence Sales Investor 111

HomeLight

NOVEMBER 27, 2024

Receive your offer in 24 hours and close in as few as 10 days. Do your due diligence Research any buyer thoroughly to ensure credibility. This document shows their financial ability to close the deal. Virginia Beach’s housing market is cooling, with homes taking longer to sell.

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Proof of funds Sales Due diligence Investor 98

Housing Wire

MARCH 11, 2022

However, Fairway says that in order to be competitive with its forward mortgage business arm, they can close their H4P loans in as few as 17 calendar days instead of the more typical 45-60 day timeframe. But the goal is to close it in 17 days, except in North Carolina, which you can’t by law.”. Dan Hultquist.

FHA loan 370

FHA loan Due diligence Loan Officer Loans 370

HomeLight

JANUARY 14, 2025

Receive your offer in 24 hours and close in as few as 10 days. Do your due diligence Carefully evaluate cash-for-home companies before committing to any offers. Sell Your House Fast in Macon With a Cash Offer Get an all-cash, no-obligation offer through HomeLights Simple Sale platform whenever youre ready.

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Proof of funds Sales Due diligence Banks 95

Housing Wire

APRIL 30, 2021

This is further exacerbated by a broader origination landscape that forces lenders to cobble together technology, operational and financing solutions from a variety of players throughout the market to support the lending process from start through close.”. Right now, the mortgage ecosystem is fractured. Fractured mortgage ecosystem.

Mortgages 306

Mortgages Due diligence Technology Loans 306

Housing Wire

SEPTEMBER 21, 2021

Founded in 2016, Maxwell looks to digitize the entire mortgage transaction with fulfillment, payments, and due diligence solutions. Also, it says that its clients close 20% more loans per month and save over 13 days to close deals compared to the market. Part of the money for the solution came from $16.3 Learn more here!

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Due diligence Investor Loans Lending 311