Housing Wire

JANUARY 6, 2023

The mortgage servicing industry landscape is shifting. For over a decade, the industry has experienced growth from two primary sources. 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.

Due diligence 402

Due diligence Loans Industrial Investor 402

Housing Wire

JULY 27, 2021

Michael Franco: The last two years in the mortgage industry have certainly been unique. Origination volume doubled expectations and wide gain-on-sale margins brought on by record low mortgage rates forced the industry to increase their capacity to meet surging loan demand.

Industrial 384

Industrial Mortgages Lending Due diligence 384

Housing Wire

JUNE 21, 2022

As someone who spent a career in the title insurance industry – both as a builder of a title business and leader of the industry’s trade group, — I am proud of the role we play in helping to protect what most Americans consider the biggest purchase of their lives. Real estate is a $3 trillion industry in the United States.

Title 512

Title Title search Due diligence Land 512

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.

Due diligence 376

Due diligence Mortgages Principal Lending 376

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?

Due diligence 400

Due diligence Mortgages Title search Loans 400

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.

Due diligence 367

Due diligence Mortgages Principal Lending 367

Housing Wire

APRIL 12, 2023

In the case of the real estate company, a spoofed email that purported to be from a real estate agent at the company directed a closing attorney to wire $154,000 in home-purchase funds to a bank account controlled by the fraudsters. The illicit proceeds from the closing-fund thefts were then quickly moved from the U.S.

Industrial 377

Industrial Banks Title Technology 377

Realty Biz

OCTOBER 23, 2023

Artificial intelligence is rapidly transforming the real estate industry, becoming increasingly accepted by both professionals and consumers. Now, there’s more evidence than ever that AI technology is here to stay in the real estate industry. As a result, AI is rapidly transforming the real estate industry.

As-is 95

As-is Industrial Due diligence Development 95

Housing Wire

NOVEMBER 13, 2023

In the world of mortgage lending, there’s an all-too-common sentiment that echoes through the industry: “My loan origination system (LOS) sucks.” In reality, the LOS is not the problem; the technology is doing exactly what it was designed to do.

Lending 396

Lending Due diligence Technology Loans 396

Housing Wire

MARCH 23, 2021

Wherever there is commerce, there will be fraud, and the mortgage industry is no exception. The full extent of fraud in the mortgage industry may be impossible to fully quantify, but the 2020 True Cost of Fraud study by LexisNexis Risk Solutions estimated that the cost of fraud has risen 7.3% across U.S.

Lending 440

Lending Mortgages Due diligence Debt-to-income ratio 440

Housing Wire

APRIL 26, 2022

“You’re probably one of the first person in the industry that I’m talking to about it,” he added. When we’re talking about the crypto stuff, we don’t need [warehouse lenders] because warehouse lines are really a creation of the industry to solve a problem, which is that funders can’t fund fast enough.

Due diligence 450

Due diligence Mortgages Equity Loans 450

Housing Wire

AUGUST 12, 2022

The reperforming-loan sale is slated to close by late October 2022, after due-diligence period. Freddie Mac updates risk mitigation requirements for the industry due to elevated cybersecurity threats. Bids for the FNA 2022-RPL4 offering are due by Sept. billion.

Loans 384

Loans Purchase and sale agreement Principal Due diligence 384

Housing Wire

DECEMBER 3, 2021

Below, Ramos answers questions about the housing industry: HousingWire: To start off, what is your current favorite HW+ article and why? Reina Ramos: I don’t have a favorite article but rather enjoy and appreciate the coverage HW provides on all subject matters that are affecting the mortgage industry as well as Realtors.

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Due diligence Loan Officer Banks Industrial 384

RIS Media

AUGUST 30, 2021

While we’ve made it through the worst of the pandemic, now is the time to take a look at the lasting impacts it will have on our industry. They have repeatedly said that one unexpected benefit associated with remote closings is the fact that they prevent those heated moments at the closing from ever taking place.

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Closing Due diligence Technology Agents 90

Housing Wire

SEPTEMBER 21, 2021

The industry veteran Sadie Gurley will lead Maxwell Capital. 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.

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Due diligence Investor Loans Lending 263

Realty Biz

NOVEMBER 16, 2023

Artificial intelligence (AI) is quickly becoming an integral part of the real estate technology industry. Part of a Growing Trend In addition to Lendesk's Lender Spotlight AI assistant, there are a number of other examples of how AI is being used in the real estate technology industry.

Due diligence 91

Due diligence Technology Industrial Development 91

Housing Wire

APRIL 30, 2021

The same can be said about the mortgage industry as an ecosystem, and its technology as the coral reef. In 2021, SitusAMC, a provider of technology and services to the real estate finance industry, acquired ReadyPrice, a mortgage technology company that connects mortgage loan originators (MLOs) and lenders to streamline loan origination.

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Due diligence Mortgages Technology Loans 306

Housing Wire

MARCH 11, 2022

According to data compiled by RMI , total share of H4P volume across the entire reverse mortgage industry made up only 4.2% A lot of the business in our industry is generated through call centers, but call centers don’t have the ability to build relationships with local real estate professionals. Diagnosing low H4P uptake.

FHA loan 358

FHA loan Due diligence Loan Officer Loans 358

Housing Wire

MAY 26, 2023

But as the housing industry has gotten better at tackling it, fraudsters have been hard at work developing more creative scams. Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. The title firm then transfers the closing proceeds to the scammer.

Title 380

Title Land Due diligence Sales 380

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?

Land 126

Land Due diligence Title search Finance 126

Housing Wire

MAY 23, 2023

The growing wave of loan-repurchase requests from Fannie Mae and Freddie Mac has yet another major wrinkle, industry sources reveal, and this new problem, if accurate as alleged, threatens to disrupt future merger and acquisition (M&A) activity in the mortgage-finance industry.

Loans 378

Loans Purchase and sale agreement Due diligence Industrial 378

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? . ” .

Loans 384

Loans Due diligence Fixed-rate mortgage Lending 384

Housing Wire

MAY 13, 2022

For example, the DLT and smart contract structure for trade transaction settlement are encapsulated by the vested industry actors. Can be open or closed: A distributed ledger can be open, like BitCoin, or permissioned to a select group of entities. Mortgage Industry and Blockchain: Early but Important Days.

Due diligence 349

Due diligence Technology Banks Title 349

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. What problem does your product/service solve?

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Due diligence Commercial Inspection Industrial 110

Housing Wire

FEBRUARY 16, 2023

I look forward to working closely with Rick to leverage the success of our Loan Review System, prepare the launch of our Loan Acquisition System, and guide us in the development of new product lines.” Seehausen’s professional career spans nearly three decades in the mortgage industry.

Loans 330

Loans Principal Technology Development 330

Realty Biz

MARCH 30, 2023

To get the best rate for your situation, be sure to look closely at each type of mortgage. When searching for someone to work with, be sure to read online reviews and do your due diligence. Closing the Deal Before you can complete the purchase, you will have to handle closing obligations.

Mortgages 102

Mortgages Pre-approval Pre-qualification Due diligence 102

Realty Biz

MARCH 15, 2021

This is why the entire real estate industry is being revolutionized right beneath our feet. Smart contracts can also improve due diligence, save on costs, and reduce the likelihood of fraud, payment disputes, and many other issues. Intermediaries.

Technology 145

Technology Due diligence Title Marketing 145

CT Homes

NOVEMBER 24, 2020

When a buyer submits a “Non-Contingent” offer, they are essentially forfeiting any and all of their privileges to perform due diligence on a property they’re interested in. The more complex a project, the more time a buyer may need to perform due diligence. 1% of the purchase price is industry standard.

Earnest money deposit 98

Earnest money deposit Due diligence Inspection Investor 98

Housing Wire

MARCH 17, 2022

He explained that part of the backlog in the securitization market is attributable to the ongoing underwriter shortage in the due-diligence review sector, resulting in many loans “waiting to get diligence and also underwater.”. billion closed through March 25 of this year. That’s not a good combination,” Toohig added.

Loans 321

Loans Marketing Due diligence Residential 321

Realty Biz

JUNE 27, 2023

They work closely with sellers, buyers' agents, and escrow companies to meet all legal and contractual obligations. Seller's agents assist sellers in understanding the contract terms, coordinating inspections, and addressing any potential issues that may arise during the due diligence period.

Agents 88

Agents Due diligence Closing Sales 88

HomeLight

MAY 24, 2021

If you don’t know your scripts and objection handlers by heart, your chances of closing the deal go down. You’ll hear about the takeaway close, handling the 6% commission objection, and the value of dedication to scripts and role play. Today is all about how you close the deal and get the paperwork signed.

Closing 104

Closing Purchase and sale agreement Agents As-is 104

GeekEstate

JUNE 8, 2023

This extended time-to-close leaves room for market fluctuations that can potentially affect the predictability of a business, and therefore the value of a deal for the investor. When unfavorable outcomes for your industry have already left a bad taste in the investors’ mouths, it can be hard to convince them you won’t follow suit.

Due diligence 118

Due diligence Investor As-is Industrial 118

CT Homes

NOVEMBER 24, 2020

When a buyer submits a “Non-Contingent” offer, they are essentially forfeiting any and all of their privileges to perform due diligence on a property they’re interested in. The more complex a project, the more time a buyer may need to perform due diligence. 1% of the purchase price is industry standard.

Earnest money deposit 52

Earnest money deposit Due diligence Inspection Investor 52

CT Homes

NOVEMBER 24, 2020

When a buyer submits a “Non-Contingent” offer, they are essentially forfeiting any and all of their privileges to perform due diligence on a property they’re interested in. The more complex a project, the more time a buyer may need to perform due diligence. 1% of the purchase price is industry standard.

Earnest money deposit 52

Earnest money deposit Due diligence Inspection Investor 52

Housing Wire

APRIL 16, 2021

As the refinance wave gives way to a purchase market, consolidation is already upon us – even in the title industry. When it comes to a new acquisition in the title industry (and pretty much any other industry), it’s often the bringing together of two different businesses smoothly that makes or breaks the transaction.

Title 367

Title Industrial Due diligence Technology 367

Realty Biz

OCTOBER 16, 2020

It operates REACH in five major markets to help startups launch and accelerate high growth in the real estate, financial services, banking, home services, and insurance industries. NAR began offering two new global REACH programs earlier this year in Canada and the U.K.

Due diligence 76

Due diligence Technology Staging Property Management 76

Housing Wire

MAY 20, 2022

That’s why due diligence is a critical element of every mortgage transaction. The purpose of due diligence is to protect lenders by reviewing and verifying all information provided by borrowers to eliminate fraud and other concerns. Of all the factors required for a due diligence review, accuracy is the most critical.

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Due diligence Loans Residential Technology 366