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Underwriter shortage slowing the pace of private-label deals

Housing Wire

Underwriters are needed at the beginning of the process to conduct due diligence on mortgage originations, and they are in demand on the back-end of the pipeline to conduct due diligence on the loans being pooled and securitized in RMBS issuances sold to investors. It depends on who you are,” Mayhew explained.

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Westcor launches identity verification tool to help title agents prevent fraud

Housing Wire

The title firm has launched val-ID by Westcor, a tool designed to help title agents validate the identities of home buyers and sellers, according to an announcement on Wednesday. “Our technology is designed to deliver precise and swift ID verification, which is crucial in preventing fraud and ensuring secure transactions.

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

Housing Wire

That’s probably why so many title and closing firms have tried their hand at CRE business in the effort to diversify. Similarly, because of lack of expertise or experience, more than a few ABAs have closed their doors not long after being established. buyers and sellers) in a residential deal.

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Why your LOS isn’t delivering a bespoke borrower experience (and what to do about it)

Housing Wire

In reality, the LOS is not the problem; the technology is doing exactly what it was designed to do. Adjust your expectations At its core, an LOS is designed to serve a very specific purpose: ensuring that lenders can originate compliant and sellable loans. It would forever feel like a failure due to its inherent limitations.

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The crypto-mortgage is the new kid on the block

Housing Wire

It offers a 15-day loan-closing window and to date has originated “billions of dollars” worth of traditional mortgages dubbed “smart loans” by the company, according to Jacob, who was one of the original strategic advisors to Facebook when it was in its startup phase. They are Vesta Equity , Oasis Pro Markets and Liquid Mortgage.

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19 real estate agent tips for beginners to kickstart their careers

Housing Wire

It can take weeks or even months to find your first client, weeks or months to go under contract on a property, then typically another six to eight weeks until closing. Save money for taxes Once a new real estate agent has their first closing, it can be tempting to go on a shopping spree and celebrate. So plan ahead.

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Do the Due: A Complete Due Diligence Guide and Checklist for Homebuyers

HomeLight

As a buyer, that means you have to do your due diligence from both a practical and contractual perspective. What does due diligence mean in residential real estate? That’s why we’ve put together this guide to due diligence for a homebuyer. Free Homebuying Due Diligence Checklist.