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. The deal, announced on Tuesday, expands Denver, Colorado-based Maxwell’s secondary market trading platform and brings hundreds of new clients to the company’s other solutions.

Mortgages 355

Mortgages Due diligence Banks Technology 355

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. Using the analogy of an axe representing technology and data, the axe is useless without a human to wield it.

Technology 393

Technology Due diligence Lending Industrial 393

Realty Biz

MARCH 15, 2021

While blockchain has already been used in sectors like finance and logistics for many years, the technology is now being leveraged within the real estate sector. Using cryptocurrencies to purchase real estate without using banks has already been happening over the last decade. Image Credit: Unsplash. Intermediaries.

Technology 145

Technology Due diligence Title Marketing 145

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. By one estimate , the global cryptocurrency market, although volatile, is valued today at around $1.8

Due diligence 441

Due diligence Mortgages Equity Loans 441

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. . The causes of the underwriter shortage are varied, but it is most pronounced in the private-label market, industry insiders contend.

Due diligence 373

Due diligence Mortgages Loans Residential 373

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 342

Due diligence Technology Banks Title 342

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. bank accounts to various locations in West Africa via wire transfers.

Industrial 373

Industrial Banks Title Technology 373

Housing Wire

FEBRUARY 16, 2023

LauraMac, a provider of mortgage loan review SaaS technology, has appointed Rick Seehausen as its chief strategy officer. At LenderLive, he was instrumental in steering the company into providing “advanced technology solutions and outsourced financial services to the banking and mortgage industries,” according to a statement from Lauramac.

Loans 324

Loans Principal Technology Development 324

Realty Biz

OCTOBER 23, 2023

Now, there’s more evidence than ever that AI technology is here to stay in the real estate industry. This can help buyers and sellers get a better understanding of the market value of a property. Market analysis: AI can be used to analyze real estate market trends, identify emerging opportunities, and predict future price movements.

As-is 95

As-is Industrial Due diligence Development 95

Housing Wire

MAY 26, 2023

The property is then listed, typically below market value to generate interest in the listing. We are glad we felt that something fishy was going on and that our technology partner, CertifID, verified those feelings for us.” Then, posing as the property owner, the scammer contacts a real estate agent to list the property.

Title 377

Title Land Due diligence Sales 377

Real Trends

JULY 28, 2022

Canadian buyers are taking a breath as they wait to see where prices will land as the market normalizes, according to the Engel & Völkers 2022 Mid-Year Canadian Luxury Real Estate Market Report , a residential property analysis covering the markets in Halifax, Montréal, Ottawa, Toronto, and Vancouver. The $1 to $3.99

Marketing 93

Marketing Due diligence Land Banks 93

Realty Biz

OCTOBER 16, 2020

The startups range from virtual staging tools to e-signature platforms, and are all aiming to make a big impact in the real estate technology sector. Second Century Ventures, a global venture fund in real estate technology, has more than 100 portfolio companies worldwide.

Due diligence 76

Due diligence Technology Staging Property Management 76

Housing Wire

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? Market conditions have certainly trended downward for residential or commercial real estate. CRE firms are also suffering through the highest interest rates seen in years. CREs need not go it alone.

Commercial 394

Commercial Brokerage Due diligence Title 394

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. real estate market consider acquiring an IMB franchise. trillion to $1.7 trillion.

Banks 403

Banks Mortgages Loan Officer Due diligence 403

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. SitusAMC CEO Michael Franco.

Due diligence 357

Due diligence Marketing Loans Mortgages 357

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. . It [promises to] completely remove, or disintermediate, the higher market,” he added.

Equity 389

Equity Due diligence Technology Investor 389

Housing Wire

APRIL 20, 2022

They enable lenders to originate and securely hold eNotes and accelerate capital market transactions. 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.

Lending 325

Lending Due diligence Investor Technology 325

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. Average time decreased from earlier in the year, when the market was extremely hot. The lender needs to do their due diligence on the property you’re buying, too.

Closing 82

Closing Inspection Title Due diligence 82

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. Investors who promote homes for sale or rent are often in the market to buy new investment properties. But proceed with caution and don’t sign any documents until you’ve done your due diligence.

Sales 95

Sales Investor Renovation Due diligence 95

Housing Wire

MAY 22, 2023

Setpoint , a real estate funding platform, acquired Resolute Diligence Solutions to support proptech and single-family rental re-engagement in the market, the firm said. When the market returns to normal levels, these companies can scale with fewer resources and less capital,” he said.

Due diligence 366

Due diligence Title Banks Closing 366

Marco Santarelli

SEPTEMBER 6, 2020

You get a higher interest rate than you would if it sat in a money market account. There are several problems with this approach, especially in the down housing market due to the economic impact of the Wuhan coronavirus and related shutdown. The odds you’ll get a bargain to go up the longer the housing market is in the doldrums.

Lending 135

Lending Loans Investor Branding 135

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 111

Due diligence Lending Technology Residential 111

HomeLight

AUGUST 31, 2021

As a rising number of companies provide cash offers for homes and improve experiences for sellers with advanced technology, the idea that you don’t have to wait months to list and close on your house appeals to many stressed-out sellers. You get paid! Check their BBB rating.

Proof of funds 144

Proof of funds Investor Due diligence Closing 144

HomeLight

MARCH 13, 2023

Perhaps your Metro West resort-style condo isn’t bringing in the revenue you expected as a vacation rental and you don’t want to invest more money to list it on the market. Expanding population and job market fuel rental growth Greater Orlando’s population of 2.67 Need to Sell Your House Fast in Orlando? million people by 2030.

Sales 81

Sales Investor Due diligence Renovation 81

HomeLight

APRIL 30, 2022

Buying a house is still one of the most stressful and time-consuming processes in the modern world, even with the advent of technology. Type in your address on the site to estimate your home’s value, track equity, calculate potential home sale profit, and view local market trends. Investor portals. Auction.com.

Closing 87

Closing MLS Pre-qualification Due diligence 87

HomeLight

NOVEMBER 30, 2022

Today’s housing market looks very different from what we’ve experienced in the past few years. Rising interest rates and some sellers’ inability to adjust to a different demand has complicated market conditions. Leverage technology. Learn more: Get the Latest News on Real Estate Technology. No special treatment!

Agents 109

Agents Purchase and sale agreement Technology Seller concession 109

Marco Santarelli

AUGUST 17, 2020

Instead, we’re going to focus on the best real estate websites that make it easier to perform due diligence when researching properties and simplify the process of finding, vetting, and managing tenants. You can find properties that aren’t officially on the market and make an offer. Zillow is free to buyers and sellers.

Purchase and sale agreement 115

Purchase and sale agreement Investor Land MLS 115

HomeLight

MAY 24, 2022

In a competitive market, paying cash could help you beat out other homebuyers. Even though it’s all cash to the sellers at closing, with a cash offer, “you don’t have to go through the appraisal or the bank approval process — it’s cleaner.”. Everyone involved will need time to perform their due diligence.

Purchase and sale agreement 104

Purchase and sale agreement Closing Title search Title 104

Marco Santarelli

AUGUST 18, 2020

What is it doing to the Boston housing market? And what can we predict for the future of the Boston real estate market? Severe limitations on property access had slowed the real estate market activity across metropolitan Boston in the past three months. However, the market has started to bounce back.

Marketing 124

Marketing Purchase and sale agreement Investor Sales 124

HomeLight

MARCH 16, 2023

We’ve gathered insights from real estate experts to create this guide for navigating Houston’s cash home buyer market so you can sell your property in as fast a time frame as you require. But newcomers who invested in Houston’s sizzling real estate market are backing off during the downturn. Need to Sell Your House Fast in Houston?

Sales 66

Sales Purchase and sale agreement Earnest money deposit Investor 66

HomeLight

MARCH 10, 2023

That is especially true in the New York market, where house flipping margins have gotten thinner as home prices and repair costs have escalated, and buyers have been shut out of the market by higher interest rates. Flipping takes a lot of money, know-how, manpower, and planning to be successful.

House Flipping 88

House Flipping Renovation Investor Finance 88

Marco Santarelli

APRIL 30, 2021

Real estate investing is an ideal way to create wealth regardless of the market. Down” markets may actually be the rifest with opportunity. However, the faces of real estate investing can be very different depending on the state of the economy and the real estate market. You Should Time the Market to Have the Greatest Success.

Investor 111

Investor Residential Finance As-is 111

HomeLight

AUGUST 31, 2020

You have comps printed out — recent sales that are like this home, plus similar homes that are on the market right now. You have a thick folder with glossy marketing materials that basically say, “Sir or ma’am, you’d be crazy to let anyone else list your home.” ” [Sound: doorbell ringing].

Pre-qualification 95

Pre-qualification Agents Due diligence As-is 95

Housing Wire

SEPTEMBER 6, 2022

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. Luckily, advancements in evaluating consumers’ ability to repay have arrived and can enable lenders to adopt responsible and more inclusive lending practices.

Due diligence 433

Due diligence Banks Finance Technology 433

HomeLight

MAY 17, 2021

Many homeowners think they don’t even need an agent to sell their home in this market! You have comps printed out — recent sales that are like this home, plus similar homes that are on the market right now. Because what technology has done is it’s changed our expectations. ” [sound: doorbell rings].

Pre-qualification 60

Pre-qualification Agents As-is Due diligence 60

Patch of Land

AUGUST 27, 2018

It speaks to the importance of technology in CRE - especially by crowdfunding sites that are allowing more investors to enter the commercial investment space. The following article was originally featured in the quarterly newsletter for CREW. Don't miss the quote from Patch's CMO, Robert Greenberg.

Due diligence 28

Due diligence Investor Commercial Land 28