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.

Due diligence 395

Due diligence Marketing Loans Mortgages 395

Housing Wire

OCTOBER 19, 2021

The historic mortgage boom spurred by the pandemic hasn’t just been a blessing for lenders – the slew of mortgage loan-trading platforms have also reaped the rewards of historic origination volume. On these platforms, originators can lock down the best loan price from various buyers, typically asset managers and institutional investors.

Loans 381

Loans Due diligence Mortgages Investor 381

Housing Wire

OCTOBER 16, 2023

If you are using it in marketing, we need to make sure it does not infringe intellectual property,” Stucky said at an AI session at the 2023 Mortgage Bankers Association Annual Convention & Expo in Philadelphia on Monday. “With this rapidly evolving technology, there are a lot of risks. Millon said.

Due diligence 461

Due diligence Lending Technology Mortgages 461

Housing Wire

NOVEMBER 13, 2023

In the world of mortgage lending, there’s an all-too-common sentiment that echoes through the industry: “My loan origination system (LOS) sucks.” In reality, the LOS is not the problem; the technology is doing exactly what it was designed to do. The LOS is a foundational piece of technology for every lender.

Lending 407

Lending Due diligence Technology Loans 407

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.

Due diligence 406

Due diligence Marketing Mortgages New Construction 406

Housing Wire

APRIL 26, 2022

Karl Jacob, CEO and co-founder of LoanSnap , said the cyrpto-mortgage system his company has developed can originate more than just loans that LoanSnap mints. 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.

Due diligence 446

Due diligence Mortgages Equity Loans 446

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. That gives us the ability to offer a span of comprehensive proven product options throughout the entire loan lifecycle.

Due diligence 407

Due diligence Mortgages Title search Loans 407

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 395

Mortgages Due diligence Banks Technology 395

Housing Wire

NOVEMBER 30, 2021

Record-setting mortgage originations coupled with a resurgent private-label securitization market have created an expanding demand for loan underwriters at a time when they are in scarce supply. . Because, in the end, everyone is seeking to draw from the same limited pool of candidates. . Probably not.

Due diligence 406

Due diligence Mortgages Loans Residential 406

Housing Wire

DECEMBER 12, 2022

I , a blank check company affiliated with fintech Figure Technologies , plans to merge with a warehouse lender and bank holding company to potentially bring blockchain technology to the financial institution. Figure Acquisition Corp. Securities and Exchange Commission showed on Friday.

Banks 406

Banks Mortgages Due diligence Technology 406

Housing Wire

NOVEMBER 22, 2023

Editor in Chief Sarah Wheeler sat down with Scot Rose , CIO at Class Valuation , to talk about innovation in the appraisal space and how the technology being deployed for appraisal modernization can actually protect appraisers. SW: How do you think about technology and prioritizing what to do next? What’s changing there?

Technology 417

Technology Due diligence Development Loan Officer 417

Housing Wire

MARCH 23, 2021

One emerging form of fraud we have seen plaguing our industry has nothing to do with the loan manufacturing process, but rather with the labor used to generate the loans. Given the historic volatility of 2020 (driving loan demand) and the search for elusive industry experience, underwriters have become a prized catch.

Lending 446

Lending Mortgages Due diligence Debt-to-income ratio 446

Housing Wire

FEBRUARY 16, 2023

LauraMac, a provider of mortgage loan review SaaS technology, has appointed Rick Seehausen as its chief strategy officer. I look forward to working closely with Rick to leverage the success of our Loan Review System, prepare the launch of our Loan Acquisition System, and guide us in the development of new product lines.”

Loans 382

Loans Principal Technology Development 382

Housing Wire

APRIL 30, 2021

The same can be said about the mortgage industry as an ecosystem, and its technology as the coral reef. In order for brokers and lenders to work together in symbiosis as organisms of this ecosystem, the technology must also allow for it. No one system today can handle pricing across the entire life of the loan,” Soukoulis said.

Due diligence 304

Due diligence Mortgages Technology Loans 304

Housing Wire

SEPTEMBER 21, 2021

Six months after raising capital, digital mortgage startup Maxwell announced Tuesday the launch of a trading platform to provide community lenders access to the secondary market, connecting these loan sellers to buyers. Also, the startup will use its own capital to buy loans from community lenders. mortgage market. mortgage market.

Due diligence 348

Due diligence Investor Loans Lending 348

Housing Wire

JULY 27, 2021

Origination volume doubled expectations and wide gain-on-sale margins brought on by record low mortgage rates forced the industry to increase their capacity to meet surging loan demand. We got the exact opposite. While all these rapid market movements were occurring, the regulatory and political landscape started to shift.

Industrial 383

Industrial Mortgages Lending Due diligence 383

Housing Wire

MAY 13, 2022

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. Emerging distributed ledger technologies are forming a consensus-based approaches to the blockchain within business domains.

Due diligence 349

Due diligence Technology Banks Title 349

Realty Biz

NOVEMBER 16, 2023

Artificial intelligence (AI) is quickly becoming an integral part of the real estate technology industry. The platform also provides mortgage professionals with real-time updates on loan applications and helps them to identify potential problems early on.

Due diligence 91

Due diligence Technology Industrial Development 91

Housing Wire

APRIL 12, 2023

Ramos-Alonso and Abegunde — using U.S. bank accounts they either set up or controlled — were acting as so-called “money mules,” then, for a much larger international criminal enterprise. The duo and their accomplices in the U.S. The nations that harbor these criminal enterprises are typically U.S. It is a major threat to the global economy.”

Industrial 383

Industrial Banks Title Technology 383

Realty Biz

OCTOBER 3, 2023

By employing algorithms to analyze applicants’ financial information, lenders can swiftly determine loan eligibility. By enhancing due diligence and reducing the likelihood of regulatory penalties, AI reinforces the integrity of mortgage lending operations.

Lending 94

Lending Mortgages Due diligence Technology 94

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. Make sure they also can scale to your specific loan needs. Product diversification.

Due diligence 395

Due diligence Loans Residential Technology 395

Housing Wire

DECEMBER 2, 2021

The mortgage industry is contending with a loan-underwriter shortage that has acted like a governor on an engine — slowing the pace of a fast-growing private-label securitization market. Executives with TPR firms and the bond-rating agencies that make use of their due-diligence reviews agree the problem is a big challenge.

Due diligence 383

Due diligence Mortgages Technology Loans 383

Housing Wire

JUNE 2, 2022

Morgan CEO Jamie Dimon is famously no fan of crypto, the bank dove into the enigmatic world of blockchain-based finance in 2020 with the launch of Onyx , a business unit devoted to exploring and expanding the use of blockchain technologies. . Even though J.P. It’s very hard to hack a blockchain.”.

Equity 395

Equity Due diligence Technology Investor 395

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. “Buyers and sellers need a diligence firm that can customize reporting in a timely manner.

Due diligence 370

Due diligence Loans Mortgages Technology 370

Real Trends

JUNE 16, 2022

The Real Estate Guys Radio Show hosted by professional investor Robert Helms and financial strategist Russell Gray who discuss investment strategy, economics, tax and asset protection planning, market and property due diligence, and international diversification with notable experts, industry leaders and real-life investors.

Due diligence 79

Due diligence Investor Loan Officer Agents 79

HomeLight

OCTOBER 29, 2021

The average time to close a loan was 48 days in July 2021 , according to ICE Mortgage Technology, a company that produces mortgage management technology. Conventional loans closed in an average of 47 days in July 2021, while FHA loans took 51 days, and VA loans required an average of 52 to close.

Closing 82

Closing Inspection Title Due diligence 82

Housing Wire

FEBRUARY 23, 2023

HousingWire recently spoke to Kevin Wilzbach, director, product management at Wolters Kluwer, about the adoption of digital technology and the future of eNotes. HousingWire: What kind of impact has the overall deceleration of the mortgage market had on the adoption of digital technology over the past few quarters? Kind of eye-opening.

Due diligence 383

Due diligence Technology Loans Lending 383

Marco Santarelli

MARCH 28, 2023

Generating passive income with no initial funds can be a challenging task, as many options may require at least some investment of time or money. While there are ways to generate passive income without significant upfront costs, it's important to approach the process with a realistic mindset and be prepared to put in effort and creativity.

Lending 52

Lending Due diligence Loans Design 52

Housing Wire

APRIL 20, 2022

This understates the true purpose of an eVault, which is to reliably establish the person or entity to whom the single, transferrable record of the digital loan is assigned, issued or transferred. Non-bank lenders that originate to sell loans will appreciate how quickly eNotes can move on and off warehouse lines and, ultimately, to investors.

Lending 382

Lending Due diligence Investor Technology 382

Housing Wire

JANUARY 5, 2022

SitusAMC subsidiary Securent is expanding its reach into the private-label market with plans to soon introduce a loan-defect insurance product for residential mortgage-backed securities (RMBS) transactions, according to executives from both companies. Nobody else has done loan-defect insurance for securitizations yet.”.

Due diligence 395

Due diligence Marketing Loans Mortgages 395

Redfin

MAY 2, 2023

The state’s economy is driven by various industries, including technology, tourism, energy. The state’s economy is driven by various industries, including technology, tourism, energy. Colorado, the land of breathtaking natural beauty and endless outdoor adventures, is a wonderful place to call home.

Pre-approval 56

Pre-approval FHA loan Loans Finance 56

HomeLight

MARCH 30, 2022

According to the loan software firm ICE Mortgage Technology, it took 54 days on average to close a home purchase loan in December 2021. Since you don’t have to wait for a third party to approve a loan or appraisal, you’ve got flexibility on your closing date so you can move when it suits your schedule.

Sales 95

Sales Investor Renovation Due diligence 95

Housing Wire

JUNE 18, 2021

Due to the rise of new technology solutions and the pandemic, 40% of mortgages are now completed with appraisal waivers. Due to the rise of new technology solutions and the pandemic, 40% of mortgages are now completed with appraisal waivers. The waning pandemic in the U.S.

Investor 395

Investor Due diligence Loans Technology 395

Housing Wire

NOVEMBER 16, 2022

trillion in loans, about half of 2021’s $4.4 As part of the restructuring, there will be winners (the buyers) and there will be losers — those whose names disappear from the corporate registries due to sales, mergers or failure, observers told HousingWire. trillion in volume, according to industry forecasters. trillion to $1.7

Banks 407

Banks Mortgages Loan Officer Due diligence 407

Housing Wire

JULY 29, 2021

The high loan volumes in the last 12 months have left some borrowers and servicers facing issues related to real estate taxes. HousingWire recently spoke with LERETA CEO John Walsh about why these tax lien problems exist, what role technology plays, and why tax services need business continuity plans. Why are things getting worse?

Due diligence 407

Due diligence Technology Loans As-is 407

Marco Santarelli

SEPTEMBER 6, 2020

Passive income is money that is usually (but not always) received regularly without any or only little effort. You either have to do much, in the beginning, to set up your passive income stream or/and you regularly have to invest at least a bit time, effort or money to maintain that income. It has renewed interest in passive income ideas.

Lending 135

Lending Loans Investor Branding 135

HomeLight

APRIL 11, 2023

Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Santa Barbara area “we buy houses” companies should not be considered an endorsement. HomeLight always recommends doing your own research to determine which selling option is best for your situation.

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Purchase and sale agreement Closing costs Closing Sales 85