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Loan buybacks haven’t disappeared, but they are trending down

Housing Wire

The report defines a critical defect as one that “would result in the loan being uninsurable or ineligible for sale.” The overarching goal of prefunding QC is to ward off problems before they become issues on closed loans. The problem obviously is bad loans that lead to repurchase and indemnification.”

Loans 414
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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.

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ICE integrates Maxwell and Roostify to eClose solution

Housing Wire

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. Encompass eClose will be part of the mortgage fintech Maxwell’s point-of-sale platform.

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How one mortgage fulfillment service increases efficiencies while minimizing risks

Housing Wire

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. HousingWire: How do Trelix services help users minimize risks and perform loan due diligence?

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Top Tips and Considerations For Buying Land

Realty Biz

However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. I have helped developers build and sell entire subdivisions from the ground up. Careful due diligence is necessary to ensure you don't make any significant mistakes.

Land 126
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The crypto-mortgage is the new kid on the block

Housing Wire

Karl Jacob, CEO and co-founder of LoanSnap , said the cyrpto-mortgage system his company has developed can originate more than just loans that LoanSnap mints. LauraMac is a software as a service, or SaaS, firm that provides due-diligence automation tools for the secondary market. Oasis Pro Markets is a U.S.-regulated

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The title industry’s latest cat-and-mouse game: seller impersonation fraud

Housing Wire

But as the housing industry has gotten better at tackling it, fraudsters have been hard at work developing more creative scams. When it comes to close on the sale of the property the scammer will request a remote notary signing. The title firm then transfers the closing proceeds to the scammer. million, according to NAR.

Title 384