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. in January 2020, growing to a portfolio of over 180 community banks and credit unions. The financial terms of the transaction have not been disclosed.

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Mortgages Due diligence Banks Technology 397

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. territories.

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Due diligence Marketing Mortgages New Construction 410

Housing Wire

SEPTEMBER 13, 2023

A fly in the ointment, however, particularly for some independent mortgage banks (IMBs), is the elevated risk of agency loan-repurchase demands — triggered by loans that violate Fannie Mae ’s or Freddie Mac ’s rep and warranty policies due to some defect discovered during the agencies’ post-origination quality-review processes.

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Due diligence Marketing Loans Mortgages 397

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. Roostify, a mortgage technology provider, will integrate the solution to its digital home lending platform.

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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. Our professionals then work within their technology, reducing potential challenges about the technology integration.

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Due diligence Mortgages Title search Loans 410

Housing Wire

APRIL 26, 2022

LoanSnap is a mortgage company that employs artificial intelligence (AI) technology to originate loans more efficiently and faster. As far as a borrower is concerned, they just have a home loan, and they make a payment just like they normally would from their bank account, or they also can make it from their crypto [currency] wallet.”.

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Due diligence Mortgages Equity Loans 450

Housing Wire

NOVEMBER 30, 2021

We’ve grown in excess of 100 employees already in two-and-a-half quarters, that’s underwriters,” said John Levonick, CEO of Charlotte-based Canopy , a third-party due-diligence (TPR) firm that started doing business in the second quarter of 2021. And there’s just no way for due-diligence to really compete with that.”.

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Due diligence Mortgages Loans Residential 410

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.

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Technology Due diligence Title Marketing 145

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. There were enough significant findings to make these loans unsalable. Covid challenges.

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Lending Mortgages Due diligence Debt-to-income ratio 450

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.

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Due diligence Technology Banks Title 353

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.

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Industrial Banks Title Technology 384

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.

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Loans Principal Technology Development 383

Realty Biz

OCTOBER 23, 2023

Now, there’s more evidence than ever that AI technology is here to stay in the real estate industry. Due diligence: AI can be used to automate the due diligence process for real estate transactions. This can help to reduce the risk of fraud and make it easier to identify potential problems with properties.

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As-is Industrial Due diligence Development 95

Housing Wire

MAY 26, 2023

We are glad we felt that something fishy was going on and that our technology partner, CertifID, verified those feelings for us.” With fewer deals happening, agents are eager to jump on the listing and they maybe aren’t doing as much of their due diligence.” Kosofsky feels fake IDs are at the crux of his firm’s misfortune.

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Title Land Due diligence Sales 384

GeekEstate

NOVEMBER 1, 2021

The opportunity: Reporting to the Senior Associate, the Analyst will be responsible for supporting the Senior Associate in managing deal pipeline, conducting due diligence, producing financial performance and metrics reports, managing LP reporting, and assisting in developing efficient operating procedures as SCV grows into a global juggernaut.

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Due diligence Equity Development Banks 108

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.

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Due diligence Technology Staging Property Management 76

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 410

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? Rapidly advancing technology and data analytics have also revolutionized the commercial real estate landscape, offering scores of new avenues for value creation and risk mitigation.

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Commercial Brokerage Due diligence Title 421

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. . also recognize the industry-changing potential of blockchain-enabled technology. .”

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Equity Due diligence Technology Investor 397

Real Trends

JULY 28, 2022

At the same time, Halifax’s economic growth is creating job opportunities for many skilled workers, especially those in hospitality, technology, financial services, and life sciences.” . Shortly after, the Bank of Canada increased interest rates. “We continue to see buyers from Ontario, British Columbia, the U.S.,

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Marketing Due diligence Land Banks 93

Housing Wire

APRIL 20, 2022

Non-bank lenders that originate to sell loans will appreciate how quickly eNotes can move on and off warehouse lines and, ultimately, to investors. What steps should a lender take before investing in eVault technology? Conduct due diligence on the experience and connectivity of potential eVault partners.

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Lending Due diligence Investor Technology 383

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. 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.

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Closing Inspection Title Due diligence 87

Housing Wire

JANUARY 5, 2022

SitusAMC, a leading provider of services and technology to the real estate industry, controls some 60% to 70% of the due-diligence loan-review market, according to its CEO, Michael Franco. In terms of competition, Franco added that the private-label market is now largely uncharted territory with respect to loan-defect insurance.

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Due diligence Marketing Loans Mortgages 397

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. But proceed with caution and don’t sign any documents until you’ve done your due diligence. Header Image Source: (Clay Banks / Unsplash).

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Sales Investor Renovation Due diligence 101

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.

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Due diligence Title Banks Closing 410

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.

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Due diligence Lending Technology Banks 109

Marco Santarelli

SEPTEMBER 6, 2020

Once you will withdraw your savings, you have to notify the bank at least 30 days before the said date. You’re like a bank now, getting paid interest. With returns of 6-10%, investing with a company like Lending Club can get you substantially higher passive income than normal investment funds or bank interests.

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Lending Loans Investor Branding 135

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. Hot market puts pressure on iBuyer offers.

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HomeLight

MARCH 13, 2023

Reiner advises asking for proof of funds such as a bank statement to ensure the buyer has sufficient resources to close the deal. The buyer does due diligence during the option period in Florida. Due diligence for a cash buyer is mostly title related. The seller and buyer agree on a price and terms.

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Sales Investor Due diligence Renovation 86

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. 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.

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Closing MLS Pre-qualification Due diligence 93

HomeLight

MAY 24, 2022

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.”. If you’re buying a house with a standard mortgage, closing takes about 49 days , according to the June 2021 ICE Mortgage Technology Origination Insight Report.

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Purchase and sale agreement Closing Title search Title 107

HomeLight

NOVEMBER 30, 2022

Leverage technology. Many agents are utilizing technology themselves and offering online services to make your life a little easier, offering online bookings, virtual tours, electronic paperwork/signings, and even 3D, 360-degree views inside homes. Learn more: Get the Latest News on Real Estate Technology. No special treatment!

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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. This real estate website strives to develop technology that improves the process of buying and selling a home every step of the way.

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Purchase and sale agreement Investor Land MLS 115

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.

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Due diligence Banks Finance Technology 450

HomeLight

MARCH 16, 2023

There are just not enough buyers who have a good credit rating and can get bank underwriting,” he says. Ramcharitar advises asking for proof of funds such as a bank statement to ensure the buyer has enough resources to cover the price of the home. The buyer does due diligence during the option period in Texas.

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Sales Purchase and sale agreement Earnest money deposit Investor 70

HomeLight

MARCH 10, 2023

Manufacturing, which has long been the staple of Buffalo’s economy , has fallen off in the past few years, but the city has successfully shifted growth to its technology, health, and education sectors. Its technology sector has expanded in recent years, becoming an important part of its economy. increase over 2022. Wise agrees.

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HomeLight

AUGUST 31, 2020

Because what technology has done is it’s changed our expectations. I’m sure you guys did some due diligence prior to reaching out, maybe you went to Zillow or something of that nature. And I’m imagining you’re not interested in acting like a bank and holding a note for a buyer. Aaron: Okay.

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