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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Closing Title Loans Technology 361

Housing Wire

MAY 15, 2024

Last month, Freddie Mac announced a plan to begin purchasing single-family closed-end second (CES) mortgages from lenders, a proposal now subject to a public comment review period before adoption. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

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Equity Loans Investor Mortgages 378

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. Electronic closings supported by remote online notarization (RON) offer advantages to notaries, borrowers and lenders.

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Closing Loans Banks Investor 442

Housing Wire

MAY 15, 2024

Last month, Freddie Mac announced a plan to begin purchasing single-family closed-end second (CES) mortgages from lenders, a proposal now subject to a public comment review period before adoption. This provides homeowners with a cost-effective alternative for accessing the equity in their homes.”

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Equity Marketing Loans Investor 317

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 Series C was led by Addition , venture capitalist and investor Lee Fixel’s new fund. and Canada.

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Housing Wire

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? That’s probably why so many title and closing firms have tried their hand at CRE business in the effort to diversify. CRE firms are also suffering through the highest interest rates seen in years.

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Commercial Brokerage Due diligence Title 356

Housing Wire

JANUARY 10, 2024

Software development company Blue Sage Solutions has launched a new servicing platform that merges loan origination and servicing functions using API-based technology. Through Blue Sage DSP, lenders will be able to close loan transfers, process individual and batch payments, onboard loans as well as collect payments, the company said.

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Lending Loans Technology Investor 342

Housing Wire

NOVEMBER 27, 2023

Veev , a promising modular homebuilding company that’s raised $600 million, could close after a plan for a capital raise failed, according to reporting out of Israel. Veev said at the time that the funding would be used to scale its operations, accelerate its research and development, and expand construction into new markets.

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Bankruptcy Investor Inspection Staging 415

Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

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Technology Development Title Lending 407

Housing Wire

MAY 2, 2024

Potempa brought his team of 38 professionals — including processors, business development staff, support staff and about 15 loan officers — to E Mortgage on March 25. He expects the group to close about $400 million in mortgages this year, representing about 15% of the company’s total. Right now, we have 200 different investors.”

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Loan Officer Mortgages VA loan Lending 376

Housing Wire

APRIL 8, 2024

Serving as a one-time fee paid at closing that allows a borrower access to a lower mortgage interest rate, CFPB notes that such points “have no fixed value in terms of the change in interest rate” and that borrower benefit is highly dependent on how long a borrower maintains a particular mortgage.

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Debt-to-income ratio Loans Principal Investor 409

Housing Wire

MARCH 14, 2024

The transaction is expected to close in May. “We Change is a community development financial institution (CDFI) that is certified by the U.S. Change Lending’s services include small-business loans and lines of credit, investor real estate loans, rehab loans and renovation loans, according to its website.

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Lending Banks Loans Renovation 334

The Close

JANUARY 25, 2022

Want to work with all-cash buyers who scoop up multiple properties per year, close fast, and won’t drag you to open houses every Sunday? As long as you’re willing to learn some new skills, then working with real estate investors might just be the best career move you’ll ever make as a realtor. Be an Expert in Your Market.

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Investor Closing Agents MLS 98

Realty Biz

AUGUST 30, 2023

Real estate investors are buying 45% fewer homes in the second quarter of 2023 than they were in the same period last year, according to a new report from Redfin. In fact, the report found that investors purchased 19% of all homes sold in the second quarter, down from 32% in the same period last year.

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Investor Lending Finance Mortgages 102

Housing Wire

JANUARY 8, 2024

Change is five years into its mission as a Community Development Financial Institution ( CDFI), a mission that has seen Change soar to become the nation’s largest non-QM lender. The 10-year Treasury closed 2023 below 4% (3.87%) from more than 5% just a month earlier. JI: The short answers are innovation and education.

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Lending Investor Finance Development 323

Housing Wire

APRIL 19, 2024

Department of Housing and Urban Development (HUD) this week announced a new rule aimed at bolstering the department’s Section 184 Indian Housing Loan Guarantee program, with the goal to increasing lender participation and ensure access to potential Native American beneficiaries.

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Investor Closing Development Loans 333

Housing Wire

APRIL 11, 2024

So, from origination to processing, closing, sales and servicing — we don’t have the servicing piece, but we connect the dots into servicing for valuation and analytics, and so on. You’re talking about many hundreds of investors with their different rules and what they’re willing to underwrite.

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Technology Investor Closing Development 369

Housing Wire

NOVEMBER 9, 2023

Redwood Trust and home equity fintech lender Point have closed on a $139 million bond secured by 1,577 home equity investment (HEI) contracts. The two companies issued the first-ever securitization backed entirely by HEIs in 2021, a bet that rising home-price appreciation can benefit consumers in the short-term and investors in the long-term.

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Equity Finance Investor Technology 354

Housing Wire

MARCH 2, 2023

We are doing a lot of research and development in it and artificial intelligence,” Slyusarchuk said. “We While investor bonds were scarce, A&D securitized its loans and sold the bonds, leading to seven securitization deals in 2022. bps toward closing costs at the time of the closing. “We

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Mortgages Investor Loans Banks 383

Broke Agent Media

APRIL 26, 2023

BAM Key Details: A new Redfin report finds real estate investors lost money on about one of every seven (13.5%) U.S. homes they sold in March—close to February’s 14.5%, the worst rate of loss since 2016—largely due to high mortgage rates dampening buyer demand. homes they sold in March—which is close to February’s 14.5%

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Investor Sales Mortgages Closing 98

Housing Wire

APRIL 18, 2024

Repurchases have been a hot topic for lenders, and to some degree, the agencies and investors have gotten a bad rap in these discussions,” said Nick Volpe , executive vice president of ACES Quality Management. “ The overarching goal of prefunding QC is to ward off problems before they become issues on closed loans.

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Loans Due diligence Investor Technology 353

Marco Santarelli

DECEMBER 24, 2023

Successful real estate investors aren’t made overnight. It’s not easy to succeed in real estate investing, but there are some tips to become a successful real estate investor. Getting lucky on one investment does not amount to becoming a successful real estate investor. The same is valid for real estate investing.

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Investor Finance Equity Land 88

Housing Wire

FEBRUARY 24, 2022

On its fourth quarter earnings call with investors, Fidelity National Financial announced that its adjusted full-year net earnings came in at $2.3 Our adjusted earnings in the fourth quarter reflect the best quarter in the company’s history,” newly appointed CEO Mike Nolan said during a call with investors. billion, with $1.0

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Title Commercial Land Residential 341

Housing Wire

OCTOBER 22, 2021

Other investors included Next Coast Ventures , BP Capital Management , Alumni Ventures , Gaingels, Launchpad Capital, and Early Light Ventures. Co-founded by Tim Herman and Louis Wilson, the “power buyer” startup enables homebuyers to make all-cash offers to compete with institutional investors. million in equity and $17.5

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Investor Equity Mortgages Closing 328

Propmodo

FEBRUARY 19, 2024

They have invested in numerous tech companies via their venture arm Spark, acquired AI startup Skyline AI in 2021, and hired a CTO to focus on developing and deploying new tech. But its new partnership with Microsoft for AI solutions could close the gap. JLL Technologies, the company’s tech division, developed the model.

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Closing Commercial Brokerage Technology 113

Housing Wire

JANUARY 12, 2024

As a marketer by profession, I tend to put these companies into categories to create a narrative and to develop brand specificity. There are hundreds of companies that help with various parts of the transaction and process “supply chain,” from search and valuation to closing, from appraisal to title, from targeting to closing.

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Finance Principal Residential Development 338

Housing Wire

APRIL 27, 2023

Executives at both Stewart Information Services and First American Financial bemoaned the challenging housing market environment as they discussed their respective firms’ first quarter 2023 earnings with investors Thursday morning. For DeGiorgio’s firm, these conditions resulted in a total revenue of $1.4 million a year prior.

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Title Marketing Commercial Investor 308

Housing Wire

FEBRUARY 16, 2022

In today’s competitive real estate market, an increasing number of real estate investors are turning to private money lenders to help them close deals faster, enhance property valuations, and increase their returns. Property managers and real estate agents who are interested in working with investors.

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Purchase and sale agreement Investor Hard money loan Lending 381

Housing Wire

OCTOBER 5, 2023

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. That offering, Unlock HEA Trust 2023-1, is slated to close this week. Nearly half of those offerings, in terms of count and value, have played out this year, however.

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Equity Purchase and sale agreement Marketing Lending 369

Housing Wire

JUNE 30, 2022

According to those sources, FGMC adopted an aggressive pricing strategy to purchase loans from correspondent partners, often paying 20 basis points higher than other investors on 30-year fixed-rate mortgages. The company said the bankruptcy action has no impact on closed mortgages, which are already serviced by third parties.

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Bankruptcy Fixed-rate mortgage Lending Loans 545

The Close

DECEMBER 15, 2023

Because investors continue to buy and sell properties regardless of whether it is an up or down market , it’s always a good time to work with investors. That’s why a relatively small percentage of agents, the ones who work with investors, split an estimated 13% of the $100 billion annual real estate commission pool—around $13 billion.

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Investor Marketing Purchase and sale agreement Agents 70

Housing Wire

JULY 5, 2022

Real estate valuation technology company Clear Capital rolled out two application programming interfaces (APIs) that aim to make adopting and deploying modern valuation solutions easier, ultimately closing loans faster. The two desktop appraisal solutions were developed to meet new desktop appraisal guidelines in April. .

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Residential Investor Finance Technology 337

Housing Wire

NOVEMBER 2, 2023

Our expectation is that volume will be around $30 billion when 2023 comes to a close. Non-QM borrowers such as those who are self-employed and real estate investors are generally less rate sensitive. In fact, a growing focus is the real estate investor population. There are currently around 19.9

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Banks Investor Lending Loans 367

Housing Wire

DECEMBER 2, 2021

The recent offering, CAS Series 2021-R02, was slated to close this week and involves transferring loan-portfolio risk to private investors via a $984 million note offering backed by a reference pool of some 125,000 single-family mortgage loans valued at $35 billion. Fannie plans to bring one more CRT note offering to market this year.

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Investor Loans Principal Finance 332

Housing Wire

SEPTEMBER 12, 2023

Hoff is referring to the need to retain borrowers in a competitive refi environment and to develop strategies to avoid early pay-off (EPO) penalties. Investors impose these fees on lenders whenever a borrower pays off their mortgages usually within up to six months of funding. But it will bring with it different challenges.

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Loan Officer Loans Investor Mortgages 392

Housing Wire

JULY 21, 2023

In 2023, the W Team closed an impressive $102,683,254 in sales volume, earning her team the #21 rank in New York City and #36 position in New York State by RealTrends for small teams. With the move, Wu returns to where she began her career as junior partner on the Jing Chen Team in 2019. where she launched her own team.

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Brokerage Investor Finance Technology 272

Housing Wire

SEPTEMBER 13, 2022

KBRA Analytics , an affiliate of Kroll Bond Rating Agency (KBRA), has acquired digital-information service Direct Lending Deals , which offers investors and loan originators coverage of deal data, news and analysis in the direct-lending sector. KBRA Analytics’ acquisition of DLD closed quietly on Aug.

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Lending Finance Investor Equity 348