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Newrez partners with Newzip to court more homebuyers

Housing Wire

They will also be offered closing cost credits of up to 0.5% of the sales price when buying a home and up to 1% when selling. The program is only eligible for loans that close through Newrez. Unlike other offerings, there is no limit on the home sales price.

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The homegenius Platform gives consumers deeper insights in the home buying and selling journey

Housing Wire

That’s why they’ve introduced the homegenius Platform, an integrated solution consisting of advanced technology , data science, machine learning and AI designed to drive value and bring ease to consumers through the home buying and selling journey. Loan must close to be eligible for reimbursement of credit toward closing costs at closing.

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Opinion: Here’s what people are getting wrong about real estate commissions

Housing Wire

Any person involved in selling a home knows that you cannot increase the price of your home randomly to cover the cost of commissions and other closing costs. The market sets the price of the home, and it cares little for closing costs — or what the homeowner invested in it — when determining the price for which it will sell.

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Opinion: The little things mean a lot in mortgage operations

Housing Wire

However, it still appears that lenders are focusing their technology investments on the point of sale. A 2020 ICE Mortgage Technology survey confirmed this, reporting that 58% of borrowers were affected in their decision making by the presence (or lack thereof) of an online application. This comes as no surprise.

Mortgages 346
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UWM sued over ‘corrupt’ scheme with brokers to steer loans

Housing Wire

The lawsuit shows that, based on the wholesale broker agreement, “The transfer or sale by Broker of a Mortgage Loan locked in by UWM during the lock-in period to another entity shall constitute a violation of the Agreement, and the Broker shall be liable, and promptly indemnify UWM, for any loss sustained as a result thereof by UWM.”

Loans 452
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LodeStar partners with LendingPad

Housing Wire

LodeStar Discovery can also minimize manual execution of repetitive tasks and help originators on LendingPad to grow their business, said Dan Smith, vice president of sales and strategy at LendingPad.

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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

Have you budgeted for closing costs? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. What’s the difference between a home inspection and an appraisal? After all, no property is perfect.