Housing Wire

MARCH 16, 2022

California-based ICE Mortgage Technology announced this week two enterprise agreements to integrate its eClose solution to Maxwell and Roostify platforms, enabling a more streamlined closing process for lenders and borrowers. Are digital closings really worth it? Presented by: Notarize.

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Due diligence Loans Lending Technology 350

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

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 agreed it would not fund or close such a loan until receiving a “cleared to close” confirmation from Sprout. California-based Loan America, Inc.

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Loans Due diligence Loan Officer Mortgages 405

Housing Wire

DECEMBER 3, 2021

This week’s HW+ member spotlight features Reina Ramos, senior vice president, mortgage market leader at City National Bank of Florida. She joined CNBF after more than a decade with Seacoast Bank , where she served as senior vice president, residential lending production manager. There was so much information to absorb and retain.

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Due diligence Loan Officer Banks Industrial 382

Housing Wire

MARCH 23, 2021

In recent years, we have seen a significant uptick in fraudulent activity ranging from the high tech — intercepted wire transfers and electronic title phishing scams — to low-tech, such as applicants submitting falsified or doctored bank statements. Underwriters with hidden agendas. Only borrowers have the right of rescission.

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Lending Mortgages Due diligence Debt-to-income ratio 430

Housing Wire

APRIL 26, 2022

It offers a 15-day loan-closing window and to date has originated “billions of dollars” worth of traditional mortgages dubbed “smart loans” by the company, according to Jacob, who was one of the original strategic advisors to Facebook when it was in its startup phase. “But

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Due diligence Mortgages Equity Loans 441

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. Can you imagine buying a lot only to discover it has crept too close to the neighboring lot line?

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Land Due diligence Title search Finance 126

Housing Wire

APRIL 12, 2023

In the case of the real estate company, a spoofed email that purported to be from a real estate agent at the company directed a closing attorney to wire $154,000 in home-purchase funds to a bank account controlled by the fraudsters. The illicit proceeds from the closing-fund thefts were then quickly moved from the U.S.

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Industrial Banks Title Technology 373

Housing Wire

MAY 26, 2023

When it comes to close on the sale of the property the scammer will request a remote notary signing. The scammer then impersonates the notary and returns falsified documents to the title firm or closing attorney involved in the transaction. The title firm then transfers the closing proceeds to the scammer.

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Title Land Due diligence Sales 377

Housing Wire

MAY 13, 2022

In 2008 when blockchain and its celebrity use case of BitCoin came into view, with breathless excitement discussions of complete decentralization of purchases and bank-less futures coursed freely through public discourse. Can be open or closed: A distributed ledger can be open, like BitCoin, or permissioned to a select group of entities.

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Due diligence Technology Banks Title 342

HomeLight

APRIL 9, 2024

Receive your offer in as little as 24 hours and close in as few as 10 days. of Miami’s closed sales in February 2024. Do your due diligence When exploring cash-for-homes options, it’s crucial to ensure the company’s legitimacy. No showings, no repairs, no open houses. That figure is 0.3%

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Proof of funds Due diligence Investor Banks 98

HomeLight

MAY 10, 2024

Receive your offer in as little as 24 hours and close in as few as 10 days. Do your due diligence Research and verify the credibility of any cash-for-homes company you’re considering before reaching out to them. No showings, no repairs, no open houses. If a buyer hesitates to provide proof of funds, consider it a red flag.

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Proof of funds Sales Due diligence Investor 88

Housing Wire

FEBRUARY 16, 2023

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.” Seehausen’s professional career spans nearly three decades in the mortgage industry.

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Loans Principal Technology Development 324

Realty Biz

OCTOBER 23, 2023

Due diligence: AI can be used to automate the due diligence process for real estate transactions. This can help agents and brokers to be more responsive to their clients' needs and to close deals more quickly. As a result, AI is rapidly transforming the real estate industry.

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As-is Industrial Due diligence Development 95

HomeLight

OCTOBER 29, 2021

You still have to make it through the house closing process, where inspections , credit problems, or paperwork issues can trip you up. The closing process fills several weeks as you navigate through multiple steps to make it to the closing table. How long does the house closing process take?

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HomeLight

MAY 7, 2024

Receive your offer in 24 hours and close in as few as 10 days. Cash buyers offer a quick closing process and fewer contingencies; plus, some will even purchase your house as-is without the need for repairs. Do your due diligence It’s important to verify whether the cash-for-homes company you’re considering is legitimate.

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Proof of funds Due diligence Investor MLS 81

HomeLight

SEPTEMBER 1, 2020

If that’s you, you may have heard that one path to a deal is buying a bank-owned foreclosure. There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is. What’s a bank-owned foreclosure?

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HomeLight

MAY 15, 2024

Cash buyers offer a streamlined solution with fewer contingencies, more certainty, and quicker closings. Receive your offer in 24 hours and close in as few as 10 days. Do your due diligence Finding a trustworthy cash buyer requires some homework. Stressed about selling your Indianapolis home quickly?

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Proof of funds Due diligence Investor Renovation 81

HomeLight

MAY 10, 2024

Receive your offer in 24 hours and close in as few as 10 days. Do your due diligence When dealing with cash home buyers, it’s important to verify their legitimacy and reliability. Proof of funds can come in the form of bank statements or financial letters from a reputable financial institution.

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Proof of funds Due diligence Investor Agents 74

HomeLight

MAY 3, 2024

Receive your offer in 24 hours and close in as few as 10 days. Do your due diligence When considering cash-for-homes companies, verifying their credibility is crucial to avoid scams. No showings, no repairs, no open houses. If a buyer hesitates to provide this proof, consider it a red flag.

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Proof of funds Due diligence Investor Agents 79

Housing Wire

MAY 5, 2022

At the end of the term, the buyer refinances the debt with a loan from a bank and pays you off, releasing you from the investment. Here are the basics of qualifying for a like-kind exchange: You must identify a property to purchase within 45 days and close on it in 180 days. Pay Your Tenant to Leave.

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Realty Biz

MARCH 30, 2023

To get the best rate for your situation, be sure to look closely at each type of mortgage. This includes bank statements, tax returns, pay stubs, credit report information, etc. When searching for someone to work with, be sure to read online reviews and do your due diligence.

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HomeLight

APRIL 22, 2024

Receive your offer in 24 hours and close in as few as 10 days. Selling to a “We Buy Houses” company is another viable option; they will purchase your home in its current condition and close the sale in about a week. No showings, no repairs, no open houses. Available to sellers throughout Albuquerque.

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Housing Wire

MAY 23, 2023

Fannie Mae officials, the industry sources claim, during conversations with the acquisitive lenders, asked that, going forward, they “backstop” rep and warranty (R&W) liabilities for all loans originated by a selling entity over the three years prior to a deal closing.

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Loans Purchase and sale agreement Due diligence Industrial 371

Realty Biz

MARCH 15, 2021

Using cryptocurrencies to purchase real estate without using banks has already been happening over the last decade. Smart contracts can also improve due diligence, save on costs, and reduce the likelihood of fraud, payment disputes, and many other issues. Transactions and ledgers.

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Technology Due diligence Title Marketing 145

HomeLight

DECEMBER 31, 2020

Not only will you need to be packing, cleaning, and getting the house ready for your buyer, there’s also a lot of waiting and hoping that all of the moving pieces fall into place and your home sale closes on time, if you make it to closing at all. Contingencies that fail to be met or lifted. The buyer’s financing with a lender.

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Redfin

MARCH 3, 2022

Once your offer has been accepted, the excitement kicks in, and the countdown to closing begins. But before you can get your keys, you’ll want to be cautious of any roadblocks or setbacks that could cause a delayed closing and postpone your move-in date. So how can you avoid a delayed closing? What does delayed closing mean?

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Closing Title search Purchase and sale agreement Title 62

Housing Wire

MARCH 17, 2022

In terms of prime jumbo residential mortgage-backed securities, I expect volume to be challenged due to interest rates and bank portfolio bids,” Pelka said. billion closed through March 25 of this year. Pelka agrees that the PLS market is under pressure. “In That’s not a good combination,” Toohig added.

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Loans Marketing Due diligence Residential 311

Realty Biz

DECEMBER 8, 2022

If you don't already know your credit score, your bank might offer a service to give you this number for free. You should also remember that closing costs will need to be paid when you buy the home. With funding for your new home secured, you can then close and become the new owner. Final Thoughts on Mortgage Preparation.

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Loans Debt-to-income ratio Due diligence Title search 132

Toronto Realty Blog

OCTOBER 10, 2023

A “power of sale” is simply a forced sale process because the owner defaulted on the mortgage, and the bank wants to get their money out. The agent just won’t present your offer, nor will the bank consider it. Again, the onus is on the buyer to perform due diligence. Don’t like it? No problem.

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Purchase and sale agreement Sales Due diligence Title 75

Housing Wire

NOVEMBER 16, 2022

But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Still, consolidation is clearly underway in the mortgage banking industry already. By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 trillion to $1.7

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Banks Mortgages Loan Officer Due diligence 403

Fancy Pants Homes

JUNE 9, 2022

Doing your due diligence on mortgage providers, asking for quotes from several different institutions, and consulting advisors from both leading and smaller providers can help you identify and lock in the best rates available to you. Expect to pay about 5% of the loan balance in closing charges every time you refinance.

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Mortgages Due diligence Equity Fixed-rate mortgage 59

HomeLight

AUGUST 31, 2021

From the seller’s point of view, it doesn’t make much difference whether the cash comes from the buyer’s personal bank account or from a mortgage loan. If sellers get paid at closing either way, why is cash better? A cash buyer can close faster since there’s no waiting on funding. There’s no financing contingency. The appraisal.

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Realty Biz

OCTOBER 16, 2020

It operates REACH in five major markets to help startups launch and accelerate high growth in the real estate, financial services, banking, home services, and insurance industries. Second Century Ventures, a global venture fund in real estate technology, has more than 100 portfolio companies worldwide.

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HomeLight

AUGUST 16, 2021

These are properties that have been foreclosed , and the ownership has fully transferred to the bank or lender. There are online tips and tools available to help you find bank-owned homes. In the end, they settle on an offer that is lower than what they’ll really pay, in order to leave room for a counteroffer from the bank.

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Banks Pre-qualification Investor Short sale 104

HomeLight

SEPTEMBER 30, 2020

With an online type option, you’re having a normal closing,” says Durham. The title’s been checked out, you can go inside the house and look at it and do all your due diligence. With the courthouse steps [auction], you literally do no due diligence.”. Figure out your financing.

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Due diligence Hard money loan Finance Banks 98

HomeLight

OCTOBER 27, 2020

If you want to buy a house, the lender or bank will need to know how much money you make and how much debt you have. Bank statements. Underwriting is where things tend to fall apart in the closing process if they are going to fall apart. This can delay closing and sometimes jeopardize the entire deal. Underwriting.

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