Remove As-is Remove Development Remove Due diligence Remove Finance
article thumbnail

Regulation hasn’t caught up to generative AI

Housing Wire

Generative artificial intelligence (AI) has tremendous potential to cut costs and improve customer experience, but regulation has not caught up to develop a governance program, industry pros said of AI’s implementation in mortgage lending. Have we developed a model that is in fact fair? Millon said.

article thumbnail

Cenlar FSB names Thomas Donatacci as investor relations officer

Housing Wire

Donatacci has extensive experience in servicing transactions and subservicing, due diligence, and M&A. Donatacci’s former roles include executive vice president of business development at The Money Source Inc. Prior to joining Cenlar, Donatacci held executive positions at various organizations in the mortgage industry.

Investor 332
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Do the Due: A Complete Due Diligence Guide and Checklist for Homebuyers

HomeLight

As a buyer, that means you have to do your due diligence from both a practical and contractual perspective. What does due diligence mean in residential real estate? That’s why we’ve put together this guide to due diligence for a homebuyer. Free Homebuying Due Diligence Checklist. And it’s true!

article thumbnail

New MISMO standards are critical to a growing PLS market

Housing Wire

Fortunately, MISMO , the real estate finance industry’s standards organization , is here to help market participants navigate any uptick in PLS activity from a data perspective. The end-result is that the rating agencies and TPRs can better rely on the data they receive via MISMO’s standard and can more accurately rate mortgage assets.

article thumbnail

Fitch Group adding capital-markets fintech dv01 to its fold

Housing Wire

Fitch Group , the parent of bond-rating firm Fitch Ratings , is acquiring a majority ownership stake in capital-markets fintech company dv01 — which provides data and analytics services to the structured-finance market. Terms of the deal were not disclosed. The dv01 deal is the latest in a series of acquisitions by Fitch Group.

article thumbnail

The crypto-mortgage is the new kid on the block

Housing Wire

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. It’s an open platform. To date, LoanSnap has attracted about $53 million in venture capital investment.

article thumbnail

Competition for mortgage underwriters has never been fiercer

Housing Wire

We’ve grown in excess of 100 employees already in two-and-a-half quarters, that’s underwriters,” said John Levonick, CEO of Charlotte-based Canopy , a third-party due-diligence (TPR) firm that started doing business in the second quarter of 2021. And we’re actively hiring. Are we planning to double the size of the firm every two years?