Realty Biz

JULY 25, 2022

When you are buying a home there are three types of properties that need more research and due diligence. Types of Properties With More Required Due Diligence. The most common reasons why properties are condemned is due to a hazardous living condition. Buying a property is a big investment.

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Due diligence Short sale Sales Inspection 101

Housing Wire

NOVEMBER 29, 2021

The supply-chain bottleneck afflicting the global economy has its own counterpart in the world of residential mortgage-backed securities, also referred to as RMBS. They are in high demand for each stage of the mortgage process, yet they are in seriously short supply in a still-booming mortgage market. RMBS market.

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Due diligence Loan Officer Loans Mortgages 425

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. . And we’re actively hiring. Probably not.

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Due diligence Mortgages Loans Residential 356

Housing Wire

APRIL 26, 2022

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. We saved our customers more than $80 million last year,” he said.

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Due diligence Mortgages Equity Loans 439

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: What sets Trelix apart from other mortgage fulfillment services?

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Due diligence Mortgages Title search Loans 381

HomeLight

MARCH 30, 2021

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!

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Housing Wire

MAY 16, 2023

Wells Fargo -backed mortgage fintech Maxwell has struck a deal to acquire mortgage solutions provider LenderSelect Mortgage Group from Blue Ridge Bank. ” 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 337

Housing Wire

MAY 20, 2022

The residential mortgage origination process is very complex and origination and underwriting mistakes can be very costly, so lenders need to make sure they’re mitigating every possible risk related to the borrower and property. That’s why due diligence is a critical element of every mortgage transaction.

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Due diligence Loans Residential Technology 341

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 352

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. The firm also offers individualized reporting and document delivery services.

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Due diligence Loans Mortgages Technology 344

Housing Wire

SEPTEMBER 13, 2023

The mortgage servicing rights (MSR) market has been very active this year, with robust deal flow that is on par with last year’s record $1 trillion in trading volume and with generally good pricing for MSR packages, industry experts agree. We’re seeing good multiples [a measure of pricing on MSR pools], like 5.5

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Due diligence Marketing Loans Mortgages 386

Housing Wire

SEPTEMBER 21, 2020

After hiring 120 underwriters in the past 90 days, Evolve Mortgage Services announced on Monday the company plans to fill another 100 permanent underwriter positions for agency and non-QM loans by the end of the year. However, the company said that positions are permanent past the current mortgage cycle.

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Mortgages Due diligence Industrial Development 413

Housing Wire

MARCH 22, 2024

Property preservation company MCS is entering the reverse mortgage space after its acquisition of Five Brothers Asset Management Solutions , a deal which brings MCS into the reverse mortgage industry for the first time. This is according to an interview with Torrance conducted by RMD. It’s essentially a different world.

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Due diligence Mortgages Industrial Property Management 375

Housing Wire

DECEMBER 12, 2022

The special purpose acquisition company announced Friday that it signed a non-binding letter of intent with the privately held $3-5 billion asset holding company with nationwide residential mortgage lending and servicing operations. “We United Wholesale Mortgage went public in January 2021 after merging with Gores Holdings IV.

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Banks Mortgages Due diligence Technology 358

Housing Wire

JULY 11, 2022

Mortgage services provider Evolve Mortgage Services announced Monday it has added Mark Calabria, the former director of the Federal Housing Finance Agency (FHFA), to its advisory board. The key to attracting and retaining mortgage talent in turbulent times. Presented by: American Pacific Mortgage.

Mortgages 357

Mortgages Due diligence Finance Loans 357

Housing Wire

MARCH 23, 2021

Wherever there is commerce, there will be fraud, and the mortgage industry is no exception. The full extent of fraud in the mortgage industry may be impossible to fully quantify, but the 2020 True Cost of Fraud study by LexisNexis Risk Solutions estimated that the cost of fraud has risen 7.3% across U.S. Presented by: Truework.

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Lending Mortgages Due diligence Debt-to-income ratio 418

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. Roughly 60% of mortgages are packaged and sold to investors, while the remaining is held in clients’ portfolios.

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Loans Due diligence Mortgages Investor 302

Housing Wire

OCTOBER 16, 2023

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. The panel noted the findings of the latest Fannie Mae mortgage lender sentiment survey.

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Due diligence Lending Technology Mortgages 395

Housing Wire

MARCH 15, 2024

In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. 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.

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Commercial Brokerage Due diligence Title 379

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, senior vice president of operations support and operational risk for VRM Mortgage Services , offers strategies for doing just that, showing how VRM is growing and changing during these unique times. Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like?

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Due diligence Marketing Mortgages New Construction 356

Housing Wire

NOVEMBER 30, 2020

The Mortgage Collaborative, an independent cooperative network in the mortgage industry, today announced the launch of TMC Emerging Technology Fund LP, a venture capital program funded by a self-selected segment of TMC members to capture opportunities driven by the rapid pace of technological change in the mortgage sector.

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Technology Mortgages Due diligence Commercial 367

Housing Wire

JANUARY 6, 2023

The mortgage servicing industry landscape is shifting. 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. For over a decade, the industry has experienced growth from two primary sources. What is portfolio cleansing?

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Due diligence Loans Industrial Investor 378

Housing Wire

JUNE 15, 2023

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

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Investor Due diligence Loans Banks 302

Housing Wire

SEPTEMBER 14, 2021

Nationwide Title Clearing , one of the country’s largest mortgage document prep companies , is to be acquired by settlement services firm Covius Holdings. The company s old off its mortgage fulfillment and secondary marketing division , known as LenderLive , to Computershare Loan Services.

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Title Due diligence Closing Loans 369

Housing Wire

NOVEMBER 16, 2022

By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Who wants to be in the mortgage business? Brian Hale, CEO of mortgage advisory partners.

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Banks Mortgages Loan Officer Due diligence 402

Housing Wire

APRIL 30, 2021

The same can be said about the mortgage industry as an ecosystem, and its technology as the coral reef. If mortgage professionals use different systems and software that don’t work well together, how can the mortgage ecosystem survive? Right now, the mortgage ecosystem is fractured. Fractured mortgage ecosystem.

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Due diligence Mortgages Technology Loans 302

Housing Wire

AUGUST 25, 2021

Prior to the Great Recession, private label securitizations (PLS) constituted a majority of all residential mortgage-backed securities (RMBS) issued. Since 2018, MISMO has been developing a modern, standardized data set to facilitate the electronic exchange of information to the credit rating agencies that analyze risks in mortgage assets.

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Due diligence Marketing Investor Finance 393

Housing Wire

JUNE 28, 2023

This week, Fannie Mae published a new frequently asked questions (FAQ) document related to RefiNow, the refinancing product announced by the Federal Housing Finance Agency (FHFA) in 2021 that targets low-income borrowers with single-family mortgages backed by the government-sponsored enterprises (GSEs).

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Due diligence Loans Finance Mortgages 343

Housing Wire

AUGUST 14, 2023

billion in penalties to settle a civil action alleging misconduct related to the underwriting, issuance and sale of residential mortgage-backed securities (RMBS) before the 2008 financial crisis. A recent filing from UBS showed the Swiss bank took a hit of about $17 billion due to the takeover. The settlement with the U.S.

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Due diligence Banks Loans Investor 321

Housing Wire

MAY 10, 2022

Eric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. In the end, some $850,000 in claims had to be paid on defaulted government-backed mortgages insured by the Federal Housing Administration (FHA). The problem: They did not qualify for the loans.

Mortgages 384

Mortgages Marketing Loans Finance 384

Housing Wire

DECEMBER 9, 2021

Investment bank Goldman Sachs , through its affiliate Goldman Sachs Mortgage Co., Goldman Sachs’ string of residential mortgage-backed securities (RMBS) offerings this year were dominated by a dozen prime jumbo-loan deals backed by loan pools valued at $7.7 billion, an analysis of bond-rating reports shows.

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Loans Due diligence Mortgages Residential 384

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 Agents Branding 370

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, a full-service mortgage company, relies on warehouse loans or lines of credit for loan funding, similar to many other non-QM lenders. California-based Loan America, Inc.

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Loans Due diligence Loan Officer Mortgages 391

Housing Wire

MARCH 2, 2021

HousingWire spoke with Steve Greenfield, Altisource General Manager of Mortgage Real Estate Solutions, about the state of the mortgage market and how Altisource’s HomeVal solution is benefiting lenders. HousingWire: What are some due diligence and underwriting challenges loan originators face today?

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Title Lending Due diligence Title search 247

Housing Wire

JULY 27, 2021

Michael Franco: The last two years in the mortgage industry have certainly been unique. Volatility and dramatic shifts in market activity have forced participants across the mortgage lifecycle to embrace more agile business practices. HousingWire: What’s driving lenders’ need for agility and efficiency in the current market?

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Industrial Mortgages Lending Due diligence 382

Housing Wire

APRIL 7, 2022

The offering is comprised of 7,600 mortgages with total unpaid principal balance of $1.49 The sale of reperforming loans (RPLs) is being marketed in collaboration with Citigroup Global Markets , with bids due by May 3, 2022. The sale is slated to close by mid-June 2022, after due-diligence period.

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Loans Sales Due diligence Principal 363

Housing Wire

SEPTEMBER 6, 2022

The racial homeownership gap between Black and white Americans is wider than it was in 1960, and a combination of higher mortgage interest rates, rising home prices and an antiquated model for evaluating consumers’ ability to repay is exacerbating the problem. Understanding the language of cash-flow data.

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Due diligence Banks Finance Technology 423