Housing Wire

MAY 26, 2022

Freddie Mac will now automatically verify borrower employment 10 days ahead of closing, which it says is more efficient than obtaining that information through oral or written verification. It’s the latest move from the government sponsored enterprise that seeks to streamline the closing process.

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Housing Wire

NOVEMBER 1, 2022

In the first phase of the program, customers can use points to get discounts on their closing costs when purchase a home through the subsidiary Rocket Mortgage. To start, customers will receive a 7,500-point welcome bonus on their first reward activity – or $75 in savings on closing costs.

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Housing Wire

JUNE 1, 2022

One avenue to reduce cost and streamline the closing process is to offer digital closings. Lenders and title agents also reported they can close more loans faster with the same or fewer people, and improve overall loan quality by reducing critical errors, avoiding missed signatures and unnecessary rework.

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Housing Wire

SEPTEMBER 14, 2022

Amrock , a national provider of title insurance, property valuations and settlement services and a division of Rocket Companies , rolled out technology to electronically close mortgage transactions from a mobile device. Prospective homebuyers can remotely close a loan from Rocket Mortgage as well as other lenders that work with Amrock. .

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Housing Wire

AUGUST 9, 2022

The decision to close the channel also reflects fierce competition from its peers in the broker space, primarily from United Wholesale Mortgage (UWM). loanDepot shares closed at $1.84 per share on Tuesday, dropping 4.66% from the previous closing. The announcement on Tuesday came alongside a $223.8 in cash on hand.

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Housing Wire

FEBRUARY 24, 2023

before the door closes!

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Housing Wire

FEBRUARY 10, 2023

Mr. Cooper expects the deal to close mid-year following regulatory approval, but the plan is to go to market in the second half of 2023. Financial terms were not disclosed due to a non-disclosure agreement with the seller.

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Housing Wire

MARCH 1, 2022

Many lenders are familiar with digital closings (eClosings), but they might not know just how valuable they can be to their business. In a recent study , Marketwise and Notarize found that digital closings shorten the time it takes to close, reduce errors and increase ROI — all while improving customer experience.

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Keeping Current Matters

MAY 17, 2021

Saving for a down payment is the main cost that comes to mind for many, but budgeting for the closing costs required to get a mortgage is just as important. What Are Closing Costs? According to Trulia : “ When you close on a home, a number of fees are due.

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Housing Wire

DECEMBER 5, 2022

Early this month, California fintech Achieve announced the closing of its first AAA-rated securitization backed by $175 million in home equity lines of credit.

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Housing Wire

AUGUST 14, 2020

This week, industry experts discuss how to navigate client and referral partner expectations and minimize closing times when factors like these begin to decelerate the buying process. I get it, the seller needs to move, but doing a quick closing to incentivize the seller to accept your offer is no longer a selling point.

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Housing Wire

MARCH 14, 2022

The Consumer Financial Protection Bureau today said that they are closely monitoring how servicers conduct themselves to help borrowers avoid foreclosures. The post CFPB warns servicers it’s watching closely, again appeared first on HousingWire. At the time, the bureau promised aggressive action.

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Housing Wire

NOVEMBER 29, 2021

The Mortgage Industry Standard Maintenance Organization (MISMO) announced last week that the organization is looking for participants for an initiative focused on standardizing pre-closing title document data sets. MISMO hopes that the initiative will streamline the business process and improve the efficiency of the closing process.

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Housing Wire

SEPTEMBER 2, 2021

Additionally, borrowers have stated that the two most appreciated aspects of an online application process were “a simpler application process (55%) and reduced time to close (53%).” Creating a tech stack geared towards increasing closing efficiency isn’t just about offering eClosings.

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Housing Wire

OCTOBER 1, 2021

However, the Federal Trade Commission delayed the deal’s close by extending the review period. The post Zillow’s purchase of ShowingTime closes appeared first on HousingWire. Federal judge Thomas Zilly denied REX’s motion to enjoin Zillow’s classification method.

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Housing Wire

AUGUST 2, 2021

The technology components required to digitize closings – things like eSignatures and webcams – have existed for decades. But until recently, digital closings had never been adopted at scale. It enables lenders to connect with all parties and technologies involved in a mortgage transaction to complete the entire closing process online.

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Housing Wire

JULY 12, 2022

Digital real estate closing platform Qualia announced the release of a version of its Qualia Connect platform for mortgage originators. “Collaboration between everyone in the closing process remains very manual, inefficient, and unpredictable today,” Nate Baker , the CEO and co-founder of Qualia, said in a statement.

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Housing Wire

DECEMBER 17, 2021

Nominations for the 2022 HousingWire Tech100 Mortgage and Tech100 Real estate are closing today. The Tech100 Mortgage Award recognizes the companies and solutions that are revolutionizing the mortgage process – from origination to closing, and servicing to secondary markets. The post 2022 Tech100 nominations are closing soon!

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Housing Wire

MAY 26, 2021

The average time to close on a mortgage has decreased for a fourth consecutive month to 51 days, according to a new study from ICE Mortgage Technology. The percentage of purchase mortgages increased to 43% of total closed loans. The percentage of purchase mortgages increased to 43% of total closed loans.

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Housing Wire

FEBRUARY 15, 2023

Texas-based mortgage lender Click n’ Close announced on Tuesday that its primary technology partner, Alabama-based mortgage banker Barr Group Mortgage, has completed the first eNote transaction using the Click n’ Close non-delegated correspondent eNote program. Pannell, DocMagic’s chief eServicing executive, said.

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Housing Wire

NOVEMBER 4, 2020

A new annual report from CoreLogic shows multi-closing fraud risk held steady in 2020 after having decreased the past several years. Multi-lien fraud is an extremely profitable scam that takes advantage of the lag between closing and records to solicit multiple loans on a single property,” the CoreLogic report stated.

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Housing Wire

JANUARY 4, 2022

For well over a decade, the industry has made steady progress in digitizing mortgage closings. As a result, closings today fall on a spectrum of digitization, with benefits that increase with each component that is digitized and each document that is electronically signed (eSigned). Snapdocs eMortgage Quick Start Program.

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Housing Wire

SEPTEMBER 28, 2021

But as lenders scrambled to keep up with demand, closing errors naturally crept in. In the wake of this unparalleled volume, companies across the housing industry have been working to increase the efficiencies of the entire lending process – including getting closings correct the first time around. But Snapdocs isn’t stopping there.

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Housing Wire

JUNE 14, 2021

ICE Mortgage Technology will now deploy an “eVault” solution as part of its mortgage closing platform to ensure the secure storage of digital mortgages and notes, it announced late last week. ” In the past year, DocMagic has made headlines in the digital closing space. Digital mortgage platform DocMagic Inc.

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Housing Wire

APRIL 27, 2022

Out of sheer necessity when the pandemic hit, RON and other digital closing solutions saw a massive uptick in use. There are some lenders doing it, but most of them haven’t been able to adopt a digital mortgage closing solution.”. The post Overcoming the challenges still facing digital closings appeared first on HousingWire.

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Housing Wire

JANUARY 12, 2022

The email explained that the last day to register a loan is January 12, while the last day for closing a transaction is February 28. The post Guaranteed Rate closes Stearns wholesale channel appeared first on HousingWire. The figure is believed to be a record for a retail loan originator.

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Housing Wire

JANUARY 8, 2021

Understanding what expenses are required at closing to buy a house will help you budget and save more effectively. In this article, we break down exactly what closing costs are so you’re prepared when you start shopping for a home: What are closing costs? Closing costs are the thousands of dollars associated with buying a home.

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Housing Wire

OCTOBER 13, 2021

The average closing costs for a single-family home increased 12.3% According to ClosingCorp, the average closing costs nationally came in at $6,837 including taxes and $3,836 excluding taxes. According to ClosingCorp, the average closing costs nationally came in at $6,837 including taxes and $3,836 excluding taxes.

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Housing Wire

AUGUST 1, 2021

More than ever, borrowers want and expect to close their loans digitally, from the initial loan application through the final review and approval of their loan package. But while eClosings are convenient, it can be challenging to offer the same level of customer service online as with in-person closings.

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Housing Wire

AUGUST 1, 2021

As homebuyers complete more of the origination process digitally, from asset verification to disclosures, they expect a similarly modern closing ceremony. Nexus Closing from SimpleNexus enables lenders to deliver mortgages that are digital from application to closing.

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Closing Mortgages Loans Lending 335

Housing Wire

JUNE 24, 2022

Texas lender Mid America Mortgage rebranded as Click n’ Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations. Click n’ Close will retain retail operations related to its reverse mortgage and lending business for Native Americans, the company said Monday.

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Housing Wire

JUNE 30, 2021

Data analytics giant CoreLogic announced on Wednesday the acquisition of closing cost data and tech provider ClosingCorp. Previously, ClosingCorp integrated CoreLogic’s Property Tax Estimator into its SmartFees service and closing platforms in 2018. Further details of the acquisition were not disclosed.

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Housing Wire

SEPTEMBER 22, 2022

The post Nominations for the 2022 HousingWire Tech Trendsetters award close tomorrow! Take a look through some of our past honorees to see their list of accomplishments and don’t forget to nominate a 2022 Tech Trendsetter before it’s too late! 2021 Tech Trendsetters 2020 Tech Trendsetters 2019 Tech Trendsetters.

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Housing Wire

JANUARY 7, 2021

In December, Rocket Mortgage became the first lender to use eNotes in closing a Ginnie Mae -backed loan as part of a pilot program. Eventually, I think what you’re going to see is the entire industry adopts this as a method of closing, because it’s really a better consumer experience.”. Presented by: SimpleNexus.

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Housing Wire

MAY 9, 2022

Closing costs for homeowners who jumped on the refi wave in 2021 increased at less than one-third the pace of closing costs for home purchases as homebuyers had to cope with a hot market that fueled higher home-sale prices and related settlement costs. How to avoid home closing delays in 2022. Washington, D.C.,

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