DocMagic launches new closing solution

Housing Wire

The Guide to Accelerating Closings in 2022. Each of eDecision’s core capabilities provides a check on whether or not each part of the closing process can be completed digitally in a given jurisdiction. The post DocMagic launches new closing solution appeared first on HousingWire.

Rocket launches loyalty program, gives discount for closing costs

Housing Wire

Rocket Companies on Tuesday launched a loyalty program to attract potential homebuyers into its ecosystem amid one of the most challenging mortgage markets in decades. Mortgage Origination Mortgage closing costs rewards rocket companies Rocket Mortgage rocket pro tpo


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OWNS ETF taps capital markets to close racial-wealth gap

Housing Wire

The Impact Shares Affordable Housing MBS ETF, also known as OWNS, is an exchange-traded fund with the ambitious mission of seeking to tap the capital markets to address long-standing affordable-housing and racial-wealth gap issues in U.S. million shares outstanding at a market price of $17.80

Rocket promises brokers 15-day loan closings

Housing Wire

Rocket Pro TPO has launched a program that will guarantee financing to close in 15 days, a move to entice mortgage brokers and their real estate agent partners in a scorching-hot housing market. Most of that has to do with a lot of buyers in the market.

Millennials are Determined and Prices are Soaring: The Step-by-Step Formula for Closing More Sales to Millennial Buyers Fast!

Speaker: Paul Moya - CEO, Millennial Labs, and The Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World

Join Paul Moya, CEO of Millennial Labs and the Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World, as he shares insights and information about the importance of understanding a buyer and how their needs change with each generation.

Purchase market will highlight closing process problems

Housing Wire

The closing process, that time between underwriting approval and the actual closing, is the mortgage industry’s not-so-secret Achilles’ heel. That’s not a knock on the good professionals who enact minor miracles choreographing the multi-faceted ballet that is a typical closing.

Are you overpromising real estate closing times?

Housing Wire

For the past two weeks, HousingWire took a deep dive into the effects an accelerated market can have on appraisal turn times and the delta between appraisal ratings and market forecasts. You can’t say to a them, ‘Hey, we can close faster pick our offer,'” Canale said.

Opinion: how digital closings can help with housing affordability

Housing Wire

This was up from $9,140 per loan in the third quarter as the market transitioned from a rate-term refinancing market to a purchase and cash-out refinancing market. One avenue to reduce cost and streamline the closing process is to offer digital closings.

Lenders can use closing technology as a bargaining chip

Housing Wire

The mortgage industry is still seeing record-breaking numbers, but those numbers have started to wane and lenders looking to succeed in a slow market need to begin preparations today. That’s because shifts in trends don’t result in an overnight change in market maneuvers.

Almost half of Q3 transactions had issues leading to wire and title fraud risks at closing

Housing Wire

of transactions had issues leading to wire and title fraud risk at closing and 5% of transactions were not registered or valid in title insurer systems at time of closing. With the contraction in market transaction volumes, the impact is that much more severe for lenders.

Are consistently error-free closings within reach for lenders?

Housing Wire

But as lenders scrambled to keep up with demand, closing errors naturally crept in. A prime example, digital mortgage closing solution Snapdocs reports that its digital closing platform reduces closing errors by 80%. A more efficient, profitable closing process.

Closing Costs and Closing Cost Credits Explained

Maximum Exposure Real Estate

How Do Closing Cost Credits Work In real estate, there are specific terms you should understand well. Two such terms are closing costs and closing cost credits. The post Closing Costs and Closing Cost Credits Explained appeared first on Maximum Real Estate Exposure.

Closing costs are up, but there’s a catch

Housing Wire

The average closing costs for a single-family home increased 12.3% According to ClosingCorp, the average closing costs nationally came in at $6,837 including taxes and $3,836 excluding taxes. The report also found that refi closing costs increased by 4.87% to $2,398 from the reported 2020 average of $2,287. Bob Jennings, CEO of ClosingCorp, said that closing costs as a percentage of purchase prices actually declined this year to 1.03% from 1,06% in 2020. “So,

Nominations for HW Insiders Close Today!

Housing Wire

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!

After $223M loss in Q2, loanDepot closes wholesale channel

Housing Wire

The decision to close the channel also reflects fierce competition from its peers in the broker space, primarily from United Wholesale Mortgage (UWM). That leaves loanDepot’s market share down to 2.4%. “We are not going to chase market share,” Martell told analysts.

2022 Tech100 nominations are closing soon!

Housing Wire

Nominations for the 2022 HousingWire Tech100 Mortgage and Tech100 Real estate are closing today. The Tech100 Mortgage Award recognizes the companies and solutions that are revolutionizing the mortgage process – from origination to closing, and servicing to secondary markets.

Redfin closes $138M deal for mortgage lender

Housing Wire

22, according to the news release.The move allows Redfin agents in 91 markets to begin referring customers to one of 400 local Bay Equity loan officers as of Monday. Cracking the code on marketing to the realtor channel.

MSR market closes June on $5.2B high note, but has it peaked?

Housing Wire

The mortgage-servicing rights (MSR) market continued to defy gravity and remained upward bound as June came to a close. The post MSR market closes June on $5.2B

Zillow’s purchase of ShowingTime closes

Housing Wire

However, the Federal Trade Commission delayed the deal’s close by extending the review period. The post Zillow’s purchase of ShowingTime closes appeared first on HousingWire.

Guaranteed Rate closes Stearns wholesale channel

Housing Wire

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.

Mid America Mortgage rebrands to Click n’ Close

Housing Wire

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. The post Mid America Mortgage rebrands to Click n’ Close appeared first on HousingWire.

How DocMagic is helping accelerate digital closings

Housing Wire

Powered by its proprietary Audit Engine, DocMagic’s Document Preparation solution optimizes every aspect of the document process, from initial disclosures all the way through closing. The post How DocMagic is helping accelerate digital closings appeared first on HousingWire.

CoreLogic acquires closing solutions firm ClosingCorp

Housing Wire

Data analytics giant CoreLogic announced on Wednesday the acquisition of closing cost data and tech provider ClosingCorp. Previously, ClosingCorp integrated CoreLogic’s Property Tax Estimator into its SmartFees service and closing platforms in 2018.

2021 Tech Trendsetters nominations are closing soon!

Housing Wire

Honorees include product and technology leaders from across the industry who have played an integral role in bringing innovative solutions to market for housing industry clients. The post 2021 Tech Trendsetters nominations are closing soon!

Notarize and Realogy Title Group see 200% spike in RON closings

Housing Wire

Spurred by the impact of the coronavirus, the partnership closed more than 1,600 RON transactions in the first half of 2020, a more than 200% increase over the 500 RON transactions that they closed in all of 2019, the companies told HousingWire. “We

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CoreLogic: Jump in home-purchase closing costs outpaces refi loans

Housing Wire

Closing costs for homeowners who jumped on the refi wave in 2021 increased at less than one-third the pace of closing costs for home purchases as homebuyers had to cope with a hot market that fueled higher home-sale prices and related settlement costs.

With Nexus Closing from SimpleNexus, lenders can make the closing experience as digital as they want

Housing Wire

As homebuyers complete more of the origination process digitally, from asset verification to disclosures, they expect a similarly modern closing ceremony. Nexus Closing from SimpleNexus enables lenders to deliver mortgages that are digital from application to closing.

States Title raises $150M for home closing tech

Housing Wire

Title insurance upstart States Title announced this week $150 million in debt financing from HSCM Bermuda , which will go towards developing a more modern home closing experience. As a result, State Title was able to patent technology that removed entire chunks of the closing process.

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Don’t Forget to Budget for Closing Costs

Keeping Current Matters

Saving for a down payment is the main cost that comes to mind for many, but budgeting for the closing costs required to get a mortgage is just as important. What Are Closing Costs? According to Trulia : “ When you close on a home, a number of fees are due.

Nominations are closing soon for 2022 Finance Leaders!

Housing Wire

The second annual Finance Leaders award will be closing today, but there’s still time to nominate someone before the end of the day! Eligible nominees must be corporate finance, secondary marketing, capital markets or strategic finance executives.

FoA plans to sell retail division to Guaranteed Rate, close wholesale channel: sources

Housing Wire

Amid the most challenging mortgage market in decades, multichannel lender Finance of America (FoA) plans to sell its retail mortgage division and shut down its forward wholesale channel, multiple sources told HousingWire. .

Reverse mortgage originator: real estate CE helps close more purchase loans

Housing Wire

I closed 28 H4P transactions last year, over 1% of the national total. My market share in this area continues to grow steadily even though on a national level it is stagnant or even declining.”. Featured Marketing & Sales Premier Mortgage Resources

The rapid adoption of digital closings during COVID-19 shows what’s possible in the mortgage industry

Housing Wire

We sat down with Nancy Alley, vice president of strategic planning at Simplifile and one of HousingWire’s 2020 Women of Influence, to talk about the rapid changes in the closing process as a result of the pandemic. Yet, adoption by closing and post-closing operations lagged considerably.

Snapdocs raises $60 million to scale up its digital closing business

Housing Wire

The company just raised $60 million in a Series C funding as the digital mortgage space bursts with activity in a booming housing market. million digital mortgage closings this year, more than double its volume from 2019.

Despite market headwinds, title industry reports strong Q2

Housing Wire

Even with a sharp rise in interest rates toward the end of the second quarter, the title insurance industry still recorded a relatively strong fiscal quarter, according to the American Land Title Association’s Market Share Analysis. As recently as 2019 , Stewart’s market share was 10.62%.

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