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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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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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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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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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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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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Realty Biz

OCTOBER 23, 2023

Due diligence: AI can be used to automate the due diligence process for real estate transactions. Artificial intelligence is rapidly transforming the real estate industry, becoming increasingly accepted by both professionals and consumers. As a result, AI is rapidly transforming the real estate industry.

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Housing Wire

JUNE 15, 2023

Donatacci has extensive experience in servicing transactions and subservicing, due diligence, and M&A. National mortgage loan subservicer Cenlar FSB announced on Thursday that it has named the Thomas Donatacci as its investor relations officer.

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Housing Wire

FEBRUARY 23, 2024

Conducting due diligence in technology selection A crucial aspect of bolstering cybersecurity is choosing the right tools and platforms for real estate transactions. Technology is at the core of everyday real estate operations. Many personal dreams and aspirations take shape in our industry, so safeguarding information is essential.

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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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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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Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. Demand for existing homes — including REO assets — outpaces the available supply. territories.

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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

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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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

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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Housing Wire

SEPTEMBER 13, 2022

The loan-level data and analytics provided by dv01 assists clients across the investment-workflow spectrum, from market due diligence to securitizations to performance analysis. Terms of the deal were not disclosed. Once the acquisition is completed, dv01, founded in 2014, will operate as a subsidiary of Fitch solutions.

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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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Housing Wire

AUGUST 14, 2023

“UBS was allegedly aware of these significant problems because it had conducted extensive due diligence on the underlying loans prior to the RMBS being issued to determine whether the loans were consistent with representations that would be made to investors. It acquired the rival this year for $3.4

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Housing Wire

SEPTEMBER 29, 2023

There were no real surprises to be found in the transaction process that were not previously identified by prior due diligence conducted by Mr. Cooper, Bray added. This is according to Jay Bray, CEO of Mr. Cooper, in an interview on HousingWire’s Housing News podcast hosted by HW Media CEO Clayton Collins. “We’ve

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Housing Wire

OCTOBER 19, 2021

The companies behind these platforms – ranging from stalwarts like Black Knight and MCT , to startups such as Maxex and Maxwell – essentially connect lenders and investors, and also match them with critical services such as paper standardization and due diligence. “In 2021, we’ve had a record volume.

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Housing Wire

MAY 16, 2023

We have everything from the point of sale, quality control to due diligence as we offer services across the entire origination value chain,” Paasonen said. That is Maxwell’s first M&A deal since its inception in 2015, and the company has an appetite for more.

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Housing Wire

NOVEMBER 13, 2023

Regardless of the specific LOS in use, this feeling seems pervasive among lenders, and the dissatisfaction stems from lenders’ desire to deliver more digitally driven, bespoke borrower experiences. In reality, the LOS is not the problem; the technology is doing exactly what it was designed to do.

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Housing Wire

JANUARY 5, 2023

After its due diligence, Sprout would send a “cleared to purchase” confirmation, which is what happened with a $7,581,712 package of loans originated from January to March 2022, according to Loan America. California-based Loan America, Inc. However, Sprout failed to complete the purchase, the lender claims.

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Housing Wire

DECEMBER 12, 2022

Completion of the proposed transaction is subject to the completion of due diligence, the negotiation of a definitive merger agreement and satisfaction of the conditions negotiated, including the approval of the transaction by the stockholders, a filing with the U.S. Figure Technologies raised $1.6

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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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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. million in unpaid principal balance; pool 2 is at $514.5

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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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Housing Wire

DECEMBER 6, 2023

Do your homework While some urgent situations are beyond your control (see: global pandemic), others can be largely pre-empted with due diligence. Consider the residential client disappointed at the lack of inventory , or the commercial investor with many vacancies in a once-thriving property. Practice patience as you move forward.

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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. This guide will navigate you through these complexities. Ask several vital questions before moving forward.

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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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HomeLight

JANUARY 26, 2024

This period, typically lasting 7-10 days from the acceptance of the purchase offer, is known as the due diligence period. Once the seller accepts your offer, the clock starts ticking on this due diligence period. For this reason, most contracts contain an inspection contingency clause.

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Housing Wire

JUNE 21, 2022

The capital markets depend on the due diligence, transparency, and protection our industry provides to do its job. Title insurance is imperative for lenders to ensure the borrower has ownership rights to a property, but it doesn’t just protect against problems affecting title. Why is a title search necessary for refinancing?

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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. A reperforming loan is a mortgage that has been or is currently delinquent but has been reperforming for a period of time.

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Housing Wire

JULY 28, 2023

When client-facing, agents can point to online ratings and further sources of information for their clients to conduct their own due diligence. The importance of giving back to the community has never been more crucial or weighted with as much importance by the business world as right now.

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Realty Biz

NOVEMBER 16, 2023

Due diligence: AI can be used to automate the due diligence process for real estate transactions. Artificial intelligence (AI) is quickly becoming an integral part of the real estate technology industry. It’s a prime example of how AI is being used to improve the mortgage process for both borrowers and lenders.

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Housing Wire

APRIL 30, 2021

An ecosystem is a complex network of organisms that live and interact in a mutual environment. For that ecosystem to maintain and survive each organism must work together in a symbiotic manner. The same can be said about the mortgage industry as an ecosystem, and its technology as the coral reef. Right now, the mortgage ecosystem is fractured.

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