Housing Wire

JANUARY 22, 2025

Auction.com has long been a leading platform for bank-owned (REO) and foreclosure sales to real estate investors and others seeking a discount. SmartSale is designed as an alternative for sellers who are navigating financial challenges or simply seeking greater control, Auction.com explained.

Proof of funds

Housing Wire

MAY 28, 2025

In 2010, Parks became the trustee for a living trust designed to pay the victims expenses stemming from the accident, from which the victims account contained the $1.66 Colby Parks, 65, stole more than $530,000 from a client who received about $1.66

Mortgages

Housing Wire

APRIL 22, 2025

But theres excellent news non-QM loans are designed to do precisely that, giving borrowers the freedom to use alternative income verification methods like bank statements, asset depletion, and more. However, non-QM loans arent designed for subprime borrowers in most cases. What does the future of Non-QM lending look like?

Lending

Housing Wire

JULY 14, 2025

This means: Robust underwriting : Rather than “no-doc” or “stated-income” loans, modern non-QM relies on detailed analysis of bank statements (typically 12-24 months), P&L statements, or Debt Service Coverage Ratio (DSCR) for investors. These methods provide a clear picture of cash flow and financial health.

Investor

Housing Wire

JUNE 24, 2025

The tool is designed to automate aspects of co-marketing efforts, including compliance and brand consistency. Leaders said the platform is already in use at two national mortgage lenders and is being adopted by other banks, credit unions and independent mortgage banks.

Loan Officer

Housing Wire

MARCH 14, 2025

DOGE Service that are ostensibly designed to limit or dismantle the Consumer Financial Protection Bureau (CFPB), its former director appeared Friday morning on CNBC to discuss the upheaval while warning consumers about the risks of a diminished bureau. Scrutiny by the CFPB scrutiny gave these companies serious concerns, Chopra said.

Banks

Housing Wire

NOVEMBER 21, 2024

Add a statement mailbox (Cost: $ ) A stylish mailbox adds personality and can reflect the home’s design. Check out our highly-rated recommendation for an easy way to add some flair without breaking the bank. Fresh paint, a unique gate design, or the addition of climbing plants create a welcoming boundary that defines the space.

Design

Housing Wire

JANUARY 14, 2025

Open bank and trust accounts Next, you’ll need to set up all the necessary business banking accounts and Trust accounts. When we rebranded, we invested in professional design to ensure our messaging stood out. Related article 11 iconic real estate logos + Tips to design (or refine) yours 5.

Brokerage

Housing Wire

MAY 14, 2025

Brokers, also known as managing brokers, designated brokers or brokers-in-charge, are typically owners or supervisors of real estate brokerages. As many cant afford to pay for a home in full, they need to work with a bank to finance a propertythats where a mortgage loan originator (MLO) comes in. Interested in learning more?

Property Management

Housing Wire

DECEMBER 18, 2024

On Wednesdy Citi launched mortgage.com, a new platform that creates a brand-endorsed, consumer-focused channel to leverage Citi’s brand authority and encourage mortgage or refinance applications for the bank. Enter mortgage.com, which Burgard says is a learning platform to grow the banks presence in the mortgage space.

Marketing

Housing Wire

JUNE 12, 2025

has launched a new set of loan products designed to serve borrowers who fall outside traditional lending requirements. Bank Statement (Overland): Uses 12–24 months of bank statements in place of tax returns to verify income. Nonqualified mortgage ( non-QM ) lender Logan Finance Corp.

Finance

Housing Wire

FEBRUARY 6, 2025

Also, DSCR five- to nine-unit loans are designed for larger multi-family homes. Deephavens Equity Advantage Closed End Second is a second mortgage designed for one purpose assisting borrowers in borrowing their equity. Bank statement loans Accepting a borrower who doesnt have a traditional 9-5 job can be a challenge for some lenders.

Loans

Housing Wire

APRIL 21, 2025

By aligning your work time with your natural productivity periods, you can bank massive gains in how much work you get done. For that reason, one of the most productive time-blocking techniques for a real estate agent can be to designate a certain section of your day to respond to emails, phone calls, and text messages.

Agents

Housing Wire

DECEMBER 9, 2024

Because of that, more people in the industry have a better understanding of seniors unique challenges, which could necessitate more products designed for them. How do we bridge the semantics and just put it into mortgage banking language to help people understand what we are? That role is an active one, Allen said.

Mortgages

Housing Wire

MAY 15, 2025

MORE’s model offers a short-term bridge loan typically around three years in length that’s designed to give buyers time to refinance or secure permanent financing. Theyve got $500,000 in the bank, they make $200,000 a year, they got their stuff together. ’ Every single one of them says, Absolutely.

Finance

Housing Wire

FEBRUARY 10, 2025

Non-QM Prime is designed to offer “flexible documentation” to borrowers with strong credit profiles. The company designed the platform to help lenders process complex loans with efficiency. ” Cardinal Financial’s non-QM suite will kick off with four loan products.

Loans

Housing Wire

JULY 14, 2025

Lender Toolkit announced Monday the official launch of its IT services offering, designed specifically for lenders that use ICE Mortgage Technology ‘s Encompass platform. Lender Toolkit is a mortgage automation technology company and the creator of the industry’s only fully integrated Mortgage Efficiency Cooperative.

Technology

Housing Wire

JUNE 9, 2025

Florida-based Gradient Mortgage Capital , a wholesale mortgage banking platform, launched Monday with the intent to serve mortgage bankers and brokers across the country with debt-service-coverage ratio ( DSCR ) and small-balance commercial real estate loans. ”

Mortgages

Housing Wire

AUGUST 5, 2025

Depending on where they are in the process, they might still be living in the home (also called pre-foreclosure), actively listed for auction or already repossessed by the bank (referred to as real estate owned or REO). Maybe the pricing was off, the condition scared off buyers or the bank just didn’t move fast enough.

Banks

Housing Wire

DECEMBER 30, 2024

In the 16 years since the peak of the Global Financial Crisis, the structured products industry has transformed from a market dominated by large banks to one with space for new players. But insurance companies arent the only players taking note of the potential here, and we could see banks re-enter the non-QM space.

Banks

Housing Wire

JANUARY 17, 2025

Mr. Cooper had previously acquired the assets in a deal with Flagstar Bank , which was announced in July and closed in November. It also has a proprietary origination system designed to speed up the funding process. A&Ds goal is to be an industry leader, and this transaction is a big step forward.

Mortgages

Housing Wire

APRIL 4, 2025

The Platinum Peak product suite aims to offer higher available loan-to-value (LTV) ratios, which are designed to translate into higher loan proceeds for borrowers, according to the announcement. Other lenders active in the proprietary space include University Bank , Smartfi Home Loans and Nationwide Equities.

Mortgages

Housing Wire

DECEMBER 12, 2024

Proprietary data from the Auction.com marketplace, which accounts for close to half of all properties brought to foreclosure auction nationwide, shows that banks, nonbanks and mortgage servicers selling on the Auction.com platform have slowly lowered their pricing at both foreclosure auctions and bank-owned (REO) auctions over the past six months.

Marketing

Housing Wire

FEBRUARY 17, 2025

By aligning your work time with your natural productivity periods, you can bank massive gains in how much work you complete. For that reason, one of the most productive time-blocking techniques can be to designate a certain section of your day to respond to emails, phone calls, and text messages.

Agents

Housing Wire

JUNE 10, 2025

Too many older Americans are unable to access their own home equity , not because of poor credit, but because traditional lending products weren’t designed for life after 62,” Mayer said in a statement. So retirees can live more comfortably, not more cautiously.”

Equity

Housing Wire

FEBRUARY 27, 2025

Its designed to resemble A-paper loan processes to help brokers familiarize themselves. Lastly, Acra Lending also uses automated bank statement processing technology that automatically calculates borrower income. It eliminates the manual component of evaluation and reduces turnaround times.

Lending

Housing Wire

MAY 28, 2025

The program is now available through two separate products designed for different groups of borrowers: EEP Pathway and EEP DocLight. EEP DocLight is designed to help gig economy workers, first-time homebuyers and those who may not have qualified for a mortgage under traditional FHA guidelines.

Equity

BAM Media

OCTOBER 22, 2024

It also integrates with the Real Design Center , using MLS data to generate branded content (including “Just Sold” posts and listing announcements) delivered at the right time. Pritesh Damani Chief Technology Officer of Real Real agents also have access to banking services through Real Wallet: Real agents based in the U.S. and Canada.

Brokerage

Housing Wire

MAY 21, 2025

Have at least six months of savings in the bank Selling real estate takes time. Have at least six months’ worth of living and business expenses in the bank before you quit your other job and go all-in on your new real estate career. Pro Tip Open a separate bank account just for taxes. So plan ahead.

Agents

Housing Wire

MAY 19, 2025

Independent Mortgage Banks (IMBs) dominate the origination sector, accounting for over 80% of all new mortgages. The IMB or bank will aggregate a portfolio for several months and then sell their mortgage servicing rights to an MSR REIT, and the cash flows exchange hands again. That is a significant mismatch.

Mortgages

Housing Wire

MAY 19, 2025

HW: Are your best practices something you designed from the ground up? Banks previously targeted these borrowers as valuable portfolio assets and often considered them for future banking opportunities. Or did you have a foundation that you brought in from your previous experience?

Lending

Housing Wire

MARCH 11, 2025

With unique solutions designed to empower landlords, TurboTenant is becoming the go-to solution for landlords looking to take property management into their own hands. But, self-management software providers like TurboTenant offer options that help landlords access solutions without breaking the bank.

Property Management

Redfin

MARCH 31, 2025

But creating an organized and peaceful space for your kids doesn’t have to break the bank. Prioritizing safety In addition to fostering interaction, safety considerations are very important in any child’s room design. Moosa Esfahanian, founder and designer of Dannico Art display can also be a form of organization.

Design

HomeLight

JANUARY 22, 2025

One has the budget of a reality show to foot the bill for materials and labor, and the other has whatevers in their bank account and tight profit margins. More importantly, you need to remove your personal bias from design decisions or risk turning off buyers from your custom taste. Upgrading Your Home? of the cost.

Renovation

Marco Santarelli

DECEMBER 29, 2024

When the Fed lowers its benchmark rates, it becomes cheaper for banks to borrow money. However, banks set their loan rates based on other factors, including risk and market conditions. Federal Reserve Influence: The Federal Reserve does not set mortgage rates directly, but its monetary policy affects overall interest rates.

Mortgages

BAM Media

DECEMBER 12, 2024

With them, you can reach a broad local audience without breaking the bank. Do a bit of research into the homes and people in the neighborhood to glean some insight about what messages and designs might promise the most engagement. They suggest a more personal touch Door hangers convey a more personal, hands-on effort.

Equity

Fancy Pants Homes

NOVEMBER 4, 2024

The sprawling mansion, which up until recently served as home to Continental National Bank founders Fanny and Charles Dascal, offers an impressive 14,060 square feet of luxuriously appointed interiors. The primary bedroom suite, with its bright, warm design that makes the space feel inviting despite its massive size.

Sales