Housing Wire

DECEMBER 16, 2021

As part of that, it’s important to understand that the due-diligence reviews performed on loan pools assembled for securitizations often make use of a process called loan sampling. The concept is simple: A random sample of loans is selected for due-diligence review from a larger pool of loans that often numbers in the thousands.

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Due diligence Loans Investor Mortgages 359

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 369

HomeLight

SEPTEMBER 21, 2023

Maybe you’ve made it through the settlement and you’re still awaiting closing day , or perhaps you’re still negotiating with your buyer. Either way, you probably have one very important question on your mind: when does a seller get paid after closing on a home sale? So, you’ve accepted an offer on your home sale.

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Closing Due diligence Inspection Title 107

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 385

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 387

Realty Biz

OCTOBER 23, 2023

Due diligence: AI can be used to automate the due diligence process for real estate transactions. This can help agents and brokers to be more responsive to their clients' needs and to close deals more quickly. Now, there’s more evidence than ever that AI technology is here to stay in the real estate industry.

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As-is Industrial Due diligence Development 96

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 Due diligence Land 506

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 326

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.

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Loans Due diligence Loan Officer Mortgages 398

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

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Due diligence Mortgages Equity Loans 440

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 Due diligence Technology Loans 382

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 Due diligence Principal 365

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.

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Mortgages Due diligence Banks Technology 346

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

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Loans Purchase and sale agreement Principal Due diligence 380

Realty Biz

FEBRUARY 19, 2024

However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Careful due diligence is necessary to ensure you don't make any significant mistakes. Can you imagine buying a lot only to discover it has crept too close to the neighboring lot line?

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Land Due diligence Title search Finance 127

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 424

RIS Media

AUGUST 30, 2021

There will no doubt be many more unexpected benefits to analyze in the coming months, but here, I’d like to share two such benefits that have come about as a result of the shift to remote closings. What if both sides didn’t have to meet at closing, avoiding any confrontations that could arise?

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Closing Due diligence Technology Agents 92

Housing Wire

MAY 26, 2023

When it comes to close on the sale of the property the scammer will request a remote notary signing. The scammer then impersonates the notary and returns falsified documents to the title firm or closing attorney involved in the transaction. The title firm then transfers the closing proceeds to the scammer.

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Title Land Due diligence Sales 374

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.

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Loans Due diligence Title Technology 331

Realty Biz

NOVEMBER 16, 2023

Due diligence: AI can be used to automate the due diligence process for real estate transactions. This can help agents and brokers to be more responsive to their clients' needs and to close deals more quickly. Artificial intelligence (AI) is quickly becoming an integral part of the real estate technology industry.

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Due diligence Technology Industrial Development 91

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.

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Due diligence Mortgages Technology Loans 302

Housing Wire

JUNE 28, 2022

One week ago, problems emerged: FGMC’s loan approval, which usually took one business day after due diligence was completed, was taking four days. A spokesperson wrote that FGMC has paid salaries, accrued paid time off, and commissions that have come due. Mispricing at FGMC? . Treasury rates. .

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Loans Due diligence Fixed-rate mortgage Lending 382

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.

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FHA loan Due diligence Loan Officer Loans 350

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 252

Housing Wire

NOVEMBER 22, 2023

And then we have also tried to work very closely around these issues with appraisal bias that came up secondarily, after we’d already started these modernization initiatives. It’s moving so much faster than ever before. And generative AI is probably the best example of that. SW: How is Class Valuation leveraging AI?

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Technology Due diligence Development Loan Officer 413

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 382

HomeLight

AUGUST 31, 2021

than the lead-up to closing day. That’s why we’ve prepared a comprehensive checklist for closing on a house for you to refer to during these final days before your new home is officially yours. For expert guidance, we’ve brought in Ryan Kain , a Detroit-based top agent, for his tips on keeping your cool for closing.

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Closing Title Due diligence Inspection 90

HomeLight

JUNE 18, 2021

During the excitement of searching for a home and getting preapproved for a loan , closing costs may get overlooked. Many buyers tend to budget for their monthly mortgage payment and their down payment , but closing costs need to be considered in the equation as well. What are closing costs ? How much are typical closing costs?

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Closing costs Closing Mortgages Title 104

Real Trends

MARCH 14, 2023

Tracing its etymology back to a 1932 issue of “Atlantic Monthly” magazine in a quote from U.S. Senator James E Watson, the idiom, ‘If you can’t beat ’ em, join ’ em ,” is one of Phoenix-based real estate agent Kenny Klaus’ guiding business principles. And, there are firms that cater to investors, such as Sundae.

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Closing Agents Due diligence Technology 94

HomeLight

OCTOBER 29, 2021

You still have to make it through the house closing process, where inspections , credit problems, or paperwork issues can trip you up. The closing process fills several weeks as you navigate through multiple steps to make it to the closing table. How long does the house closing process take?

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Closing Inspection Title Due diligence 82

HomeLight

MAY 10, 2024

Receive your offer in as little as 24 hours and close in as few as 10 days. Do your due diligence Research and verify the credibility of any cash-for-homes company you’re considering before reaching out to them. No showings, no repairs, no open houses. HomeLight always encourages you to reach out to your own advisor.

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Proof of funds Sales Due diligence Investor 87

Housing Wire

MAY 13, 2022

Can be open or closed: A distributed ledger can be open, like BitCoin, or permissioned to a select group of entities. 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.

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Due diligence Technology Banks Title 339

HomeLight

APRIL 9, 2024

Receive your offer in as little as 24 hours and close in as few as 10 days. of Miami’s closed sales in February 2024. Do your due diligence When exploring cash-for-homes options, it’s crucial to ensure the company’s legitimacy. Thanks to its vibrant culture. No showings, no repairs, no open houses.

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Proof of funds Due diligence Investor Banks 97

HomeLight

NOVEMBER 13, 2023

Receive your offer in as little as a week and close in as few as 10 days. Be sure to conduct due diligence on the various companies in your area before deciding. Close the deal: The company will handle most of the paperwork, and once everything is in order, you will set a closing date to finalize the sale.

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Due diligence Staging Closing Sales 92

HomeLight

MAY 7, 2024

Receive your offer in 24 hours and close in as few as 10 days. Cash buyers offer a quick closing process and fewer contingencies; plus, some will even purchase your house as-is without the need for repairs. Do your due diligence It’s important to verify whether the cash-for-homes company you’re considering is legitimate.

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Proof of funds Due diligence Investor MLS 80

GeekEstate

APRIL 13, 2021

Our CRE due diligence platform and services expedite transaction times for all participants in the commercial real estate ecosystem. Our goal is to empower the CRE industry by solving the time-consuming due diligence processes ruled by manual, disconnected practices. My name is Anthony Romano, and the CEO of CREtelligent.

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Due diligence Commercial Inspection Industrial 111

HomeLight

FEBRUARY 29, 2024

Receive your offer in 24 hours and close in as few as 10 days. You can choose your own move-out date and potentially close the deal in just 10 days. Acceptance of this offer leads to a swift closing, bypassing common holdups like loan approvals or home inspections. No showings, no repairs, no open houses.

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Due diligence Property Management Inspection Sales 109