Housing Wire

JUNE 20, 2024

Mortgage Connect, a nationwide services provider for lenders, institutional investors and servicers , acquired Adfitech two years ago to expand its efforts in third-party due diligence and quality control (QC). We are excited to show the industry what this next chapter holds for the industry’s most trusted due diligence provider.”

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Due diligence Mortgages Pre-approval Lending 419

Housing Wire

NOVEMBER 29, 2021

Underwriters are needed at the beginning of the process to conduct due diligence on mortgage originations, and they are in demand on the back-end of the pipeline to conduct due diligence on the loans being pooled and securitized in RMBS issuances sold to investors. RMBS market. It’s been an ongoing thing,” he said.

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Housing Wire

APRIL 1, 2025

We have completed a thorough due diligence process and look forward to welcoming HomeStreets clients and employees to our company. Under the terms of the merger which was unanimously approved by the boards of directors of both companies HomeStreet Bank will be merged with and into Mechanics Bank.

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Banks Due diligence Pre-approval Equity 352

Housing Wire

FEBRUARY 19, 2025

Buyers agents are not just bright smiles that open doors were the guide our clients rely on to navigate the homebuying process. This is when your buyers need you the most. Thats why having a definitive homebuying checklist is an essential part of your agent toolkit. Have you spoken to a lender? What is your reason for purchasing a new home?

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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 396

Housing Wire

DECEMBER 30, 2024

But, thanks to the influence of private equity investors, cash-rich insurance companies are increasingly drawn to private debt assets that pay higher premiums due to their illiquidity. However, the growth of non-QM loans has incentivized insurance companies to shift allocation toward them. Non-QM market share grew from less than 3% of U.S.

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Banks Due diligence Residential Investor 384

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

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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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.

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Due diligence Mortgages Lending Loans 369

Housing Wire

APRIL 18, 2024

Non-QM vigilance Pamela Hamrick, president of Incenter Diligence Solutions , which provides due-diligence reviews and document management services for the mortgage industry, said that prefunding reviews are also gaining more traction in the nonqualified mortgage ( non-QM ) space.

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Loans Due diligence Investor Technology 420

Housing Wire

NOVEMBER 30, 2021

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?

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Due diligence Mortgages Loans Residential 408

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

APRIL 22, 2021

“Plus, we’re a due diligence state, so right now if you don’t go way over listing price and offer a substantial due diligence price, there’s no point in even submitting an offer.” ” The current average due diligence is around 3.1% “You have to be quick. .

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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

MAY 27, 2025

Any transaction would be subject to due diligence and board approval, as is standard procedure in cases like this. Bayview, which manages roughly $21 billion in assets, said it informed Guild on May 20 of its interest in a transaction but reserves the right to terminate discussions at any time for any reason. Guild originated $5.2

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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

SEPTEMBER 14, 2021

“Our robust solutions span origination, servicing and capital markets segments, offering loss mitigation and loan modification services, document and critical borrower communications, title and settlement services, auction and REO asset disposition, verifications and due diligence. .

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Title Due diligence Closing Loans 370

Housing Wire

JULY 11, 2024

The firms say this is especially useful in the “current volatile market “ as it shortens the timeline for trades, streamlines the due-diligence process and offers “instantaneous settlement.“ Fintech firms Rocktop Technologies and LiquidFi on Thursday announced a milestone in their business partnership that was formed earlier this year.

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Due diligence Mortgages Investor Technology 410

Housing Wire

MAY 17, 2023

Incenter Diligence Solutions , a provider of due diligence and document management services for the mortgage industry, announced on Wednesday that it has expanded offerings for the mortgage servicing rights (MSR) trading market.

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Due diligence Loans Mortgages Technology 370

Housing Wire

APRIL 26, 2022

In addition to crypto-mortgages, LoanSnap is a full-stack mortgage company that originates traditional mortgages as well. Our system I think is good enough that it can do not just the loans that we originate, but [loans originated by] other people,” Jacob said. It’s an open platform. To date, LoanSnap has originated about $7.3

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Mortgages Due diligence Equity Loans 450

Housing Wire

AUGUST 25, 2021

MISMO’s new standard will improve the quality and consistency of the data sent to the rating agencies, which will in turn lead to faster, more efficient, and more accurate due diligence for private label RMBS. Industry professionals will soon be able to access and use the MISMO Rating Agency Reporting Standardization package.

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Housing Wire

JULY 28, 2021

The ability for an agent to share important due diligence dates, documents and send for eSignature with a click of a button satisfies that buyer’s hunger for more. Big players such as Zillow, Redfin, Compass… etc. claim dominance. We examine the need for complete vendor-provided software solutions vs. building in-house.

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Due diligence Brokerage Design Agents 545

Housing Wire

SEPTEMBER 13, 2023

A fly in the ointment, however, particularly for some independent mortgage banks (IMBs), is the elevated risk of agency loan-repurchase demands — triggered by loans that violate Fannie Mae ’s or Freddie Mac ’s rep and warranty policies due to some defect discovered during the agencies’ post-origination quality-review processes.

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Due diligence Marketing Loans Mortgages 397

Housing Wire

JULY 10, 2024

Despite optimism, respondents noted that “due diligence is required to ensure AI tools meet the security, data privacy, and ethical standards necessary for the highly-sensitive transactions title & escrow professionals handle every day.” An overwhelming 88.3% Businesses will have to keep up or lose business.”

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Title Due diligence Technology Industrial 413

Housing Wire

DECEMBER 9, 2021

Michael Franco, CEO of SitusAMC , which provides due-diligence services to RMBS issuers, said market dynamics have played a major role in the dominance of jumbo-loan securitizations in the private-label market this year. The amendments to the PSPA, however, were suspended in September of this year and are now under review by FHFA.

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Loans Due diligence Residential Mortgages 410

Housing Wire

OCTOBER 10, 2023

She continued: “We did our due diligence and reviewed other brokerages. Compass continues to expand its agent count. Top-producing, Chicago-based team, Team Pimentel , announced Tuesday that it was leaving Keller Williams North Shore West to join the Robert Reffkin -helmed firm. Team Pimentel was ranked as the No.

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Due diligence Brokerage Branding Agents 410

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

MARCH 15, 2024

CRE assets are subject to a myriad of regulatory requirements, zoning laws, and environmental considerations that don’t apply to home sales, requiring thorough due diligence and compliance measures. Instead, they’re leaving money on the table. Another could be, quite simply, that they don’t recognize the opportunity.

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Commercial Brokerage Due diligence Title 420

Housing Wire

SEPTEMBER 19, 2023

As someone who worked for a large, nationally branded brokerage for 30+ years, I had a front-row seat to many mergers and acquisitions. I would love to say they all went well, but they didn’t. We may also see more mergers as brokerages consider the mutual need to cut expenses through consolidations of staff, leases, and resources.

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Due diligence Brokerage Branding Agents 409

Housing Wire

JUNE 25, 2024

REcolorado — which is the 16th-largest MLS in the country with 25,000 members — said it had reached a deal to buy the shares of the company from the associations earlier this year before DMAR and SMDRA broke off communication.

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Housing Wire

SEPTEMBER 21, 2020

in both its frontline underwriting and due diligence/QC underwriting departments. . in both its frontline underwriting and due diligence/QC underwriting departments. However, the company said that positions are permanent past the current mortgage cycle. HousingJobs is a curation of housing companies that are hiring.

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Mortgages Due diligence Industrial Development 421

Housing Wire

OCTOBER 16, 2023

Vendors might not be as experienced with utilizing AI, so asking due diligence questions for for data security is also key, Joseph Zeibert, vice president of FICO , pointed out. Have we developed a model that is in fact fair? How do I start using it with other data sources we have? Millon said.

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Due diligence Lending Technology Mortgages 462

Housing Wire

MARCH 21, 2022

It’s one thing to throw buzzwords like “due diligence” around when the time comes to build an M&A strategy, and yet, quite another to walk away with maximum ROI. It’s one thing to throw buzzwords like “due diligence” around when the time comes to build an M&A strategy, and yet, quite another to walk away with maximum ROI.

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Title Due diligence Equity Branding 369

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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Housing Wire

MAY 15, 2024

The transaction is subject to due diligence, negotiation of definitive terms and other closing conditions. In January 2024, the bank suffered a confidence crisis after reporting a net loss in the last quarter of 2023 due to a provision for loan losses of $552 million, mainly impacted by its exposure to commercial real estate loans.

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Loans Mortgages Due diligence Banks 438

Housing Wire

SEPTEMBER 25, 2024

Apart from that, is it truly Mr. Kortas’s view that due diligence on a $25 million real estate transaction would not have involved someone asking about Nexa’s basic authority to make such a transaction?” A judge in Arizona granted Mat Grella, the former president of NEXA Mortgage , a motion to dismiss a lawsuit filed by the company.

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Mortgages Due diligence Brokerage Loan Officer 410

Housing Wire

JUNE 3, 2024

State regulators, investors, creditors, business partners, and the public in general conducting due diligence or research are expected to use the information available. On Monday, the U.S. consumer financial watchdog announced that it finalized a rule establishing the new registry. The final rule is effective on Sept. In 2008, the U.S.

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