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

JANUARY 12, 2022

Guaranteed Rate will continue to thrive and win market share by having a laser focus on leveraging our industry-leading purchase platform augmented by the best loan officers in the business,” Guaranteed Rate CEO Victor Ciardelli wrote in an email to brokers that HousingWire reviewed.

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Housing Wire

OCTOBER 5, 2022

Title industry experts say it would be a game-changer for the mortgage space, but they expect some resistance. “Actually, I feel remote online notarizations could streamline the process for larger entities, hedge funds and investor builders,” said Rachel Luna, agency development manager at Patriot Title Co.

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Housing Wire

NOVEMBER 12, 2021

Foglia Brandy has officially been with Cohen Closing and Title for five years now and is currently working as a closing agent and the director of business development. “I I lead a team of closing agents and marketers and work with them to help grow the business and expand into different areas,” Foglia Brandy said.

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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

OCTOBER 13, 2023

If you are helping them and you hear that they lost their job prior to getting to the closing table and they are now lying to their lender at closing because they no longer have that job, then you are liable,” she said. With this in mind, Adams told title professionals to increase their vigilance.

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Housing Wire

JULY 18, 2022

The Federal Housing Administration ’s (FHA) decision to withhold a mortgage insurance premium cut has confounded mortgage policy experts and industry stakeholders. based consultancy Potomac Partners , which specializes in the mortgage finance industry. “To I’m hoping that they’ll do something in concert together,” Chappelle said.

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Housing Wire

DECEMBER 17, 2021

As we approach 2022, some concerning headwinds confront the mortgage origination industry. Additionally, it will require development of financial forecasts using realistic assumptions and producing profit-and-loss forecasts to understand and effectively manage profitability levers. Establish key performance indicators.

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Housing Wire

JUNE 8, 2023

The title insurance industry is on the front lines in a never-ending war with the fraudsters. As the industry has gotten better at combatting wire fraud and even the more recent seller impersonation fraud , criminals looking for larger paydays have turned to mortgage payoffs. Can you afford to lose a million dollars?

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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. Happier borrowers.

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Housing Wire

APRIL 21, 2021

As a leader in the adoption, implementation and use of digital mortgages Camelia Martin’s breadth of experience has never been more relevant to the industry. A 2020 Woman of Influence , Martin joined Snapdocs earlier this year as Head of Industry and Regulatory Affairs. .

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Housing Wire

DECEMBER 9, 2022

With only three weeks until 2023 arrives, housing industry executives are adjusting their operations to face what is expected to be another challenging year. . Against the backdrop of this challenging economic and housing environment, companies in the housing industry continued to restructure and cut workforce to better position themselves.

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Housing Wire

JANUARY 18, 2024

HousingWire Editor in Chief Sarah Wheeler sat down with Jim Butler, chief technology officer at Stavvy , to talk about moving real estate from paper to a digital transaction, how the company is using AI, and the vibe you get working with industry experts. SW: How do you decide what you want to develop next?

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Housing Wire

FEBRUARY 9, 2022

While the real estate industry has witnessed the introduction of a number of spectacular and innovative developments in recent years, we still (sometimes unfairly) get tagged as “old fashioned” or “conservative.” Why is the industry still transferring money the old-fashioned way? That’s just the beginning.

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Propmodo

APRIL 28, 2024

Since 2000, close to 20 percent of neighborhoods in the U.S. In many of the country’s largest cities, like New York City and Philadelphia, neighborhoods that were once affordable became increasingly unaffordable as development and an influx of new residents sent property values soaring. There are a total of 6,225 CBDOs in the U.S.

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Housing Wire

JUNE 24, 2022

Each year, this award spotlights the individuals who have a huge impact behind-the-scenes within their organizations — through operations, product development, hiring, marketing campaigns, or improving efficiency. The post Nominations for HW Insiders Close Today! appeared first on HousingWire.

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Housing Wire

SEPTEMBER 2, 2022

In addition, the ETF invests in MBS backed by loan pools sourced from non-traditional loan originators, including Community Development Financial Institutions and minority-owned banks. The OWNS ETF is still small by industry standards and struggling to grow and improve returns. million shares outstanding at a market price of $17.80

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Housing Wire

MARCH 18, 2022

Since H4P volume is only a small fraction of the total business done in the reverse mortgage industry based on 2021 data , Mangus sat down with RMD to discuss his approach in successfully cultivating H4P business. I closed 28 H4P transactions last year, over 1% of the national total. 1% of the national HECM for Purchase total.

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Housing Wire

JUNE 21, 2022

The title insurance industry had a record year in 2021 , generating $26.2 Total operating income for the industry was up 3.6% Also at the close of 2021, First American’s market share was 20.5%, while Old Republic’s was 14.8% The post Title insurance industry volume rises 3.6% and 15.9%, respectively.

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Housing Wire

SEPTEMBER 15, 2020

The virtual notary services industry has become increasingly popular amid the COVID-19 pandemic as businesses have adopted remote signatures to adhere to social distancing protocols while closing on mortgages and other loans. Borrowers can complete the closing from the comfort and safety of their own homes,” she said. “If

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Housing Wire

JULY 30, 2021

Our industry has never, ever recovered from not being able to sit shoulder-to-shoulder at bank branches and share clients. This is why this group maintains an important potential place in allowing the industry to reach its goal of expanding the base of borrowers it serves, she says. A couple of things. We just have to keep at it.

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Housing Wire

OCTOBER 18, 2021

Snapdocs, a digital closing platform, recently announced that it is building Snapdocs eVault, a solution for the secure creation, storage and transfer of eNotes and other digital mortgage documents. At Snapdocs, we are working backwards from a future where mortgage closings are perfect,” King said. “So

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Housing Wire

AUGUST 23, 2022

With over 235,000 hybrid and desktop appraisals under our belt and over 5,200 appraisers ready and willing to accept desktop appraisal assignments, we feel confident that the industry is ready for the change. The post How is the industry adapting to desktop appraisals? appeared first on HousingWire.

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Housing Wire

APRIL 26, 2024

FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” the update said. Historically, mortgage lenders and originators have been prohibited from contributing to closing costs to protect borrowers.”

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Housing Wire

NOVEMBER 9, 2020

One area in the mortgage and real estate industry that has been evolving for nearly two decades is digital closings. Much like efforts to achieve full self-driving vehicles, the road to achieve full digital closings has been bumpy. Prior to the pandemic, ALTA and MBA saw a need to develop model RON legislation.

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Housing Wire

NOVEMBER 25, 2020

Residential due diligence is an area of the mortgage ecosystem that’s overdue for disruption, according to two industry veterans who want to offer something completely different in the due diligence space through their newly launched company, Canopy. Due diligence in this moment needs to be a friction reducer and better data provider.”.

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Housing Wire

FEBRUARY 28, 2022

The title insurance industry is built on service. In combination with the pandemic-driven “Great Resignation,” the pivot to a purchase market that will demand more, not less, service creates an equation unfavorable to title agents and business owners across the industry. That development could present serious challenges.

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Housing Wire

SEPTEMBER 18, 2020

BC : We are developing key partnerships that help our clients succeed and our industry evolve. To help the industry move forward as a whole, we are continually helping the GSEs identify potential uses of direct-source data and partnering with them in pilot programs that make our innovations available to lenders.

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Housing Wire

OCTOBER 27, 2023

The American Land Title Association, alongside our real estate industry partners, are committed to making transactions easier for everyone through consumer education efforts. Using Home Closing 101, consumers can contact local title agencies to compare rates and find a company that feels like the best fit for them.

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Housing Wire

MAY 18, 2021

Real estate and mortgage industry professionals are facing major challenges to meet the escalating demands of the housing market. These challenges have been exacerbated by historically low interest rates, which sparked a generational refinance boom while the industry was adapting to a work-at-home environment that further stressed operations.

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Housing Wire

FEBRUARY 27, 2024

You can learn a lot about any industry by asking its top earners what energizes them toward peak performance. To appreciate the current state of our industry, consider that 31% of mortgage borrowers abandon their loan application and only 18% of consumers return to the same LO.

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Housing Wire

MAY 20, 2024

” In an interview with HousingWire during the conference, Todman said that the HUD will soon double the fee servicers can charge for processing, underwriting, and closing a transaction that includes a loan assumption. .”

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Housing Wire

FEBRUARY 5, 2021

Multi-year HousingWire Tech100 winner Built Technologies , a construction finance software and construction payment technology company, closed an $88 million Series C funding round. The post Built Technologies closes $88 million Series C funding round appeared first on HousingWire. and Canada.

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Housing Wire

JUNE 30, 2021

ServiceLink, which is backed by Fidelity National Financial, meets the unique needs of wholesale lenders by providing title insurance, appraisals, flood certificates and closing services. More than 50 years of title industry expertise gives ServiceLink unique insight into the needs of our wholesale clients.

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Housing Wire

MAY 20, 2024

Chopra told Broeksmit that the agency developed a “whole set of thinking“ in the event the ruling didn’t go in their favor, along with what would happen to the various rules the agency developed over the course of a decade — such as servicing rules, LO compensation and the Qualified Mortgage rule. “I

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Housing Wire

APRIL 30, 2024

After the release of proposed new rules for the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program late last year, the reverse mortgage industry expressed a lot of excitement. Certner cited fair lending concerns and the potential of undue borrower influence. They’re using it to help shape the process going forward.

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Housing Wire

MARCH 6, 2024

After all, one of the challenges remaining to our industry – even after a wave of digitalization – takes place where two systems don’t connect perfectly, creating chokepoints where humans must move the transaction along manually. Any improved connection at any point in the mortgage process is a cause for celebration. Here’s how.

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