Housing Wire

AUGUST 19, 2020

Taken from the August issue of HousingWire Magazine, LauraMac is looking to increase the technology available to mortgage loans after the closing table. Launched just this year, LauraMac provides a suite of configurable products to enable collaboration that will transform the way due diligence is performed in the mortgage industry.

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HomeLight

SEPTEMBER 21, 2023

Maybe you’ve made it through the settlement and you’re still awaiting closing day , or perhaps you’re still negotiating with your buyer. Either way, you probably have one very important question on your mind: when does a seller get paid after closing on a home sale? So, you’ve accepted an offer on your home sale.

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Housing Wire

SEPTEMBER 14, 2021

Terms of the deal, which is expected to close in the fourth quarter of 2021, were not disclosed. Covius, formerly known as LenderLive , said 670 employees of NTC will be joining the firm once the deal closes, including senior management. NTC’s market-leading solutions strategically complement Covius’ existing broad offerings.”.

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Title Due diligence Closing Loans 370

Housing Wire

JANUARY 6, 2023

This can cause problems for servicers in instances where loans are acquired with unknown, pre-existing property tax delinquencies missed in the due diligence phase. Some of these risks include: Minimum due diligence on a new loan population incurred from the previous servicer “Pre-existing” conditions (e.g.

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Housing Wire

OCTOBER 29, 2020

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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Housing Wire

JULY 26, 2022

After accepting Sprout’s written offer, the parties started the due diligence process. Court documents show that Sprout usually held back around 2% of the principal of each loan and returned the sum once due diligence was done and credit and closing documents conditions were satisfied. 20, 2022, to Feb.

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Housing Wire

JULY 26, 2022

After accepting Sprout’s written offer, the parties started the due diligence process. Court documents show that Sprout usually held back around 2% of the principal of each loan and returned the sum once due diligence was done and credit and closing documents conditions were satisfied. 20, 2022, to Feb.

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Housing Wire

MARCH 16, 2022

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. Are digital closings really worth it? Presented by: Notarize.

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Housing Wire

JUNE 21, 2022

The capital markets depend on the due diligence, transparency, and protection our industry provides to do its job. There has been a great deal of innovation around purchasing homes, making credit available, and closing real estate transactions. Real estate is a $3 trillion industry in the United States.

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Housing Wire

JANUARY 5, 2023

is the latest former business partner to sue Sprout Mortgage in a suit filed six months after the mortgage lender abruptly closed its doors. Loan America agreed it would not fund or close such a loan until receiving a “cleared to close” confirmation from Sprout. California-based Loan America, Inc.

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Housing Wire

SEPTEMBER 13, 2022

It is expected to close by the end of the third quarter, according to Fitch Group, which also is the parent of data, research and analytics provider Fitch Solutions. The loan-level data and analytics provided by dv01 assists clients across the investment-workflow spectrum, from market due diligence to securitizations to performance analysis.

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Housing Wire

APRIL 7, 2022

The sale is slated to close by mid-June 2022, after due-diligence period. The transaction is expected to close on April 18, 2022.”. The transaction involves three loan pools — with pool 1 composed of loans with about $603.5 million in unpaid principal balance; pool 2 is at $514.5 million; and pool 3, $367.4

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Housing Wire

APRIL 26, 2022

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.

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Housing Wire

NOVEMBER 13, 2023

It’s the backbone of the lending process , responsible for handling complex calculations, managing compliance and orchestrating a multitude of moving parts to transform an application into a closed loan. This creates a modular approach, empowering lenders to assemble a tech stack that aligns with their specific vision for borrower engagement.

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Lending Due diligence Technology Loans 407

Realty Biz

FEBRUARY 19, 2024

However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Careful due diligence is necessary to ensure you don't make any significant mistakes. Can you imagine buying a lot only to discover it has crept too close to the neighboring lot line?

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Housing Wire

MAY 16, 2023

” Richmond, Virginia-based LenderSelect Mortgage Group, which provides mortgage loan solutions to lenders, closed its sale to Blue Ridge Bankshares Inc. We have everything from the point of sale, quality control to due diligence as we offer services across the entire origination value chain,” Paasonen said.

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RIS Media

AUGUST 30, 2021

There will no doubt be many more unexpected benefits to analyze in the coming months, but here, I’d like to share two such benefits that have come about as a result of the shift to remote closings. What if both sides didn’t have to meet at closing, avoiding any confrontations that could arise?

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Housing Wire

AUGUST 12, 2022

The reperforming-loan sale is slated to close by late October 2022, after due-diligence period. Bids for the FNA 2022-RPL4 offering are due by Sept. Buyers are required to offer loss mitigation options to borrowers who re-default within five years of the closing of the sale of the reperforming-loan portfolio.

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Housing Wire

MARCH 23, 2021

The COVID-19 pandemic, coupled with skyrocketing refinance applications due to a low interest rate environment, have created a perfect storm for fraud. Underwriters with hidden agendas. Now is the time for lenders to tighten their procedures not only on recruiting and hiring practices, but also lending operations.

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Realty Biz

NOVEMBER 16, 2023

Due diligence: AI can be used to automate the due diligence process for real estate transactions. This can help agents and brokers to be more responsive to their clients' needs and to close deals more quickly.

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HomeLight

JUNE 18, 2021

During the excitement of searching for a home and getting preapproved for a loan , closing costs may get overlooked. Many buyers tend to budget for their monthly mortgage payment and their down payment , but closing costs need to be considered in the equation as well. What are closing costs ? How much are typical closing costs?

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Housing Wire

SEPTEMBER 21, 2021

Founded in 2016, Maxwell looks to digitize the entire mortgage transaction with fulfillment, payments, and due diligence solutions. Also, it says that its clients close 20% more loans per month and save over 13 days to close deals compared to the market. mortgage market. mortgage market.

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HomeLight

AUGUST 31, 2021

than the lead-up to closing day. That’s why we’ve prepared a comprehensive checklist for closing on a house for you to refer to during these final days before your new home is officially yours. For expert guidance, we’ve brought in Ryan Kain , a Detroit-based top agent, for his tips on keeping your cool for closing.

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Housing Wire

FEBRUARY 7, 2022

Purchase loans create unique challenges for lender processing, compliance, underwriting and funding teams, particularly when it comes to closing the loan. To help thousands of local closing agents manage their own information securely, while giving lenders an API based solution that can distribute verified data where it’s needed.

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Housing Wire

APRIL 30, 2021

“This is further exacerbated by a broader origination landscape that forces lenders to cobble together technology, operational and financing solutions from a variety of players throughout the market to support the lending process from start through close.”. SitusAMC & ReadyPrice.

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Housing Wire

JUNE 28, 2022

One week ago, problems emerged: FGMC’s loan approval, which usually took one business day after due diligence was completed, was taking four days. Depending on the month, FGMC bought between one-fourth and one-third of the loans UpEquity sold to investors through the correspondent channel. Mispricing at FGMC? .

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Real Trends

MARCH 14, 2023

They stalled until the very end of the due diligence period to get back to me on the buyer’s requests. The post How agents are embracing proptech to close deals appeared first on RealTrends. I am in a Facebook group with other local Realtors and it seems that that has been the experience for many agents with them.”

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Housing Wire

MAY 26, 2023

When it comes to close on the sale of the property the scammer will request a remote notary signing. The scammer then impersonates the notary and returns falsified documents to the title firm or closing attorney involved in the transaction. The title firm then transfers the closing proceeds to the scammer.

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HomeLight

OCTOBER 29, 2021

You still have to make it through the house closing process, where inspections , credit problems, or paperwork issues can trip you up. The closing process fills several weeks as you navigate through multiple steps to make it to the closing table. How long does the house closing process take?

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Housing Wire

MARCH 11, 2022

However, Fairway says that in order to be competitive with its forward mortgage business arm, they can close their H4P loans in as few as 17 calendar days instead of the more typical 45-60 day timeframe. But the goal is to close it in 17 days, except in North Carolina, which you can’t by law.”. Dan Hultquist.

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Housing Wire

DECEMBER 3, 2021

Compared to 2007 and 2008 there’s more due diligence in mortgage qualifying. The HW+ member spotlight series highlights the impact HW+ members have in the industry and the trends that they’re closely watching. HousingWire : What keeps you up at night and why?

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GeekEstate

APRIL 13, 2021

Our CRE due diligence platform and services expedite transaction times for all participants in the commercial real estate ecosystem. Our goal is to empower the CRE industry by solving the time-consuming due diligence processes ruled by manual, disconnected practices. My name is Anthony Romano, and the CEO of CREtelligent.

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Realty Biz

OCTOBER 23, 2023

Due diligence: AI can be used to automate the due diligence process for real estate transactions. This can help agents and brokers to be more responsive to their clients' needs and to close deals more quickly.

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Realty Biz

FEBRUARY 1, 2024

Due Diligence and Research Buyer's agents are critical in guiding buyers through due diligence. Schedule The Home Buying Process Buyer's agents work closely with listing agents to schedule property showings, inspections, and appraisals. One of the last tasks is a pre-closing walk-through.

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Housing Wire

NOVEMBER 22, 2023

And then we have also tried to work very closely around these issues with appraisal bias that came up secondarily, after we’d already started these modernization initiatives. So I continued to appraise for a while and then I joined a firm in Boulder as a staff appraiser to do due diligence on their loan level reviews.

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HomeLight

NOVEMBER 13, 2023

Receive your offer in as little as a week and close in as few as 10 days. Be sure to conduct due diligence on the various companies in your area before deciding. Close the deal: The company will handle most of the paperwork, and once everything is in order, you will set a closing date to finalize the sale.

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Bigger Pockets

MARCH 14, 2023

Don’t know what to do AFTER closing on a house? You’ve found your market, done your due diligence, passed your inspections, and now you’re asking, “what’s next?” Two of our […]

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