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LauraMac appoints Rick Seehausen as chief strategy officer

Housing Wire

LauraMac, a provider of mortgage loan review SaaS technology, has appointed Rick Seehausen as its chief strategy officer. Prior to joining LauraMac, he served as a principal at LauraMac’s parent company Calterra Capital, where he continues to be an executive advisor to personal holdings. where he will continue to serve in this role.

Loans 314
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Opinion: Why aren’t more commercial brokerages seeking affiliated arrangements?

Housing Wire

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? A significant opportunity To be sure, there are title agencies eager to partner with CRE principals and funds. CRE firms are also suffering through the highest interest rates seen in years.

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Meet the likely buyers of independent mortgage banks in 2023

Housing Wire

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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From Contract to House Keys: Breaking Down the House Closing Process

HomeLight

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. The lender needs to do their due diligence on the property you’re buying, too. Reputable lenders do due diligence before they give a preapproval letter,” Maggio says.

Closing 82
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20 Home Search Apps that Aim to Help You Close the Deal

HomeLight

Buying a house is still one of the most stressful and time-consuming processes in the modern world, even with the advent of technology. Auction.com calls itself the nation’s largest online auction marketplace for foreclosure and bank-owned properties. Buyers bid and purchase properties in live events and online. Home insurance portals.

Closing 87
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Tech-Driven Crowdfunding Sites Lower Barriers to CRE Investment

Patch of Land

It speaks to the importance of technology in CRE - especially by crowdfunding sites that are allowing more investors to enter the commercial investment space. We did the due diligence.” They have to do their own due diligence.”. We’ve returned every dime of principal to investors on our site.”.