Marco Santarelli

FEBRUARY 3, 2025

Economic News: Reports on jobs, inflation, and overall economic health can have a big impact on investor confidence and lending practices. They can be risky and must be chosen after doing due diligence, considering your risk appetite, and long term goals. Check out Different Lenders: Big banks are just one option.

Mortgages

Marco Santarelli

JULY 4, 2025

Subprime Lending Gone Wild: Banks handed out mortgages like candy without enough due diligence. Lack of Regulation and Oversight: The system failed to protect homeowners and the wider economy from predatory lending practices. Many were naive. People were offered money at every turn.

Marketing

Housing Wire

MARCH 9, 2022

Incenter is adding a third-party due diligence review firm to its umbrella of companies. Edgemac , which Incenter acquired at the end of last year, does due diligencing for mostly non-QM and jumbo loans, as well as private label reverse mortgages that could eventually be securitized. Presented by: Sagent Lending Technologies .

Due diligence

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. How lenders can prepare for growing fraud threats. Covid challenges.

Lending

Housing Wire

JUNE 20, 2024

Mortgage Connect, a nationwide services provider for lenders, institutional investors and servicers , acquired Adfitech two years ago to expand its efforts in third-party due diligence and quality control (QC). mortgage lenders, high-profile Wall Street firms, along with many banks and independent mortgage companies.

Due diligence

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.

Banks

Housing Wire

JANUARY 23, 2024

The Santa Ana, California-based financial services company provides solutions including due diligence services, property valuations, mortgage fulfillment and consulting and advisory services.

Due diligence

Housing Wire

MAY 15, 2024

New York Community Bancorp , the parent of Flagstar Bank , said it’s still committed to the home loan business despite selling approximately $5 billion in warehouse mortgages to JPMorgan Chase Bank to improve its capital and liquidity position. The bank was followed by Flagstar, with $11.8 billion in volume and a 12.3%

Loans

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

Banks

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% Thankfully, most banks were still lending.

Due diligence

Housing Wire

JUNE 3, 2024

State regulators, investors, creditors, business partners, and the public in general conducting due diligence or research are expected to use the information available. As a result, many banks, credit unions, and mortgage companies are known to regulators, but some nonbank firms are still not licensed or registered.

Due diligence

Housing Wire

SEPTEMBER 6, 2022

Luckily, advancements in evaluating consumers’ ability to repay have arrived and can enable lenders to adopt responsible and more inclusive lending practices. The most straightforward method for understanding a consumer’s ability to make a mortgage payment is analyzing the funds going in and out of their bank each month.

Due diligence

Housing Wire

MARCH 16, 2022

Roostify, a mortgage technology provider, will integrate the solution to its digital home lending platform. Founded in 2015, Maxwell uses artificial intelligence to accelerate the mortgage process for over 300 community lenders, banks, and credit unions. Are digital closings really worth it? Presented by: Notarize.

Due diligence

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. The financing for the initial deal was handled through a cryptocurrency lender called Helio Lending.

Due diligence

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. The mortgage lender has started to respond to some of these claims, denying its allegations. .

Loans

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.

Due diligence

Housing Wire

DECEMBER 9, 2021

Investment bank Goldman Sachs , through its affiliate Goldman Sachs Mortgage Co., Michael Franco, CEO of SitusAMC , which provides due-diligence services to RMBS issuers, said market dynamics have played a major role in the dominance of jumbo-loan securitizations in the private-label market this year.

Loans

Housing Wire

APRIL 20, 2022

As mortgage and capital markets become increasingly digital , most lenders, regardless of their lending strategy, will eventually need an eVault, because eVaults are a requirement for moving eNotes through the digital mortgage ecosystem. What’s your company’s lending footprint? within the mortgage ecosystem.

Lending

Housing Wire

APRIL 20, 2021

This general alignment matters a great deal as the FHFA, through their oversight of the GSEs, who have the vast majority of the market share, plays a key role in the conforming lending market being the de facto regulator. In these responses, I hear a lending industry clamoring for the freedom to use the “new tools” that already exist.

Technology

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. But this future is still taking shape. Clearly the place and room for this transformational technology is opening up.

Due diligence

Housing Wire

AUGUST 11, 2020

The most abhorrent racist practices, such as redlining, are officially prohibited, yet bias creeps into mortgage lending in myriad ways. And now, thanks to these reforms, we live in an era of far greater mortgage banking controls and stability. This makes it more important than ever to consider how the U.S. It’s a serious challenge.

Due diligence

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.

Due diligence

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. . CoreVest is Redwood’s business-purpose/investment-property lending and securitization affiliate.

Equity

RIS Media

MAY 26, 2023

Setpoint has acquired Resolute Diligence Solutions, a due diligence provider focused on Single Family Rental (SFR) and Residential Transition Loans (RTL). Resolute, according to a release, is the preferred partner by the world’s largest banks and private lenders as well as originators.

Due diligence

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. Conducting thorough due diligence is the cornerstone of a successful land purchase.

Land

HomeLight

OCTOBER 27, 2020

Because the lender doesn’t want to lend you more than the home is worth. They want to make sure the property has appraised for the right value in case something goes wrong down the road and the bank ends up owning the house.”. When the bank finally found an appraiser, the home appraised at $300,000.

Banks

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. A preapproval is generally considered a conditional commitment to lend, but your final loan approval still depends upon a successful completion of the full underwriting process.

Pre-approval

Marco Santarelli

JULY 26, 2020

Using Private Lending To Making Money in Real Estate. They may lend money to those buying a property to renovate and then rent out; the property investor, in this case, would secure a traditional mortgage after they have an attractive property bank will now consider as collateral. Crowdfunding and Hard Money Lending.

Loans

Marco Santarelli

SEPTEMBER 6, 2020

Lending money through the crowdfunding site eliminates the need to have a detailed contract with the borrower or having an equity stake in the property itself. You can choose which lending platform you go through, too. Once you will withdraw your savings, you have to notify the bank at least 30 days before the said date.

Lending

Point2Homes

DECEMBER 7, 2020

This should show you how much you can afford to spend on mortgage payments and reveal how much a bank is likely to lend to you. If you’re keen on finding a bargain on your next home, a foreclosure could be right for you, but it’s highly advisable to do your extra due diligence.

Debt-to-income ratio

Realtor.com

MARCH 15, 2021

This mandated seller financing package appears to me to be like subprime lending even though my wife and I have 750 and above credit scores and could qualify for today’s low mortgage rates. But I hope you also did your own due diligence before taking the leap with this home purchase.

Finance

HomeLight

JUNE 9, 2023

In other cases, the seller lends the buyer an amount that’s in addition to their traditional mortgage to make up the difference between the amount approved by the bank and the agreed on price of the house. With seller financing, the seller can lend the buyer the additional $40,000 needed to make up the difference.

Finance

Realty Biz

FEBRUARY 24, 2021

This makes the land loan a risky loan for the bank. When you buy land to build a house, you have the flexibility of choosing a place the lends itself to seclusion and privacy. Savvy buyers will do these tests as a part of the due diligence portion of the sales process. You need to perform a soil test before you build.

Land

Broke Agent Media

APRIL 12, 2023

BAM Key Details: A TD Bank survey of 1,007 U.S. A TD Bank survey finds first-time homebuyers are optimistic about becoming homeowners, saying it’s a good time to buy—despite volatile mortgage rates and low inventory. Steve Kaminski Head of U.S. Steve Kaminski Head of U.S. Steve Kaminski Head of U.S.

Marketing

Norada Real Estate

FEBRUARY 21, 2022

However, it requires due diligence, on your part, to ensure you get the best return on your investment. If you do it right, you can put yourself on the road to success with cash regularly flowing into your bank account. A bank or other lender will generally give you 80% of the purchase price. How good is that?

Purchase and sale agreement

The Close

MARCH 13, 2025

obtain a permanent residence permit or citizenship) Currency risks and fluctuations Portfolio growth Distance makes it hard to conduct thorough due diligence Factors You Must Consider When Investing Internationally Investing in real estate in a foreign country can be a lucrative opportunity. Deutsche Bank Securities Inc.

Finance

Marco Santarelli

NOVEMBER 5, 2024

Family and Friend Loans: The “Bank of Mom and Dad” A surprising yet impactful finding from the data is that 23% of recent buyers secured low rates by borrowing from family or friends, highlighting the phenomenon known as the “Bank of Mom and Dad.”

Pre-approval