Housing Wire

APRIL 6, 2021

A painstaking, uncoordinated movement to fully adopt remote online notarizations nationwide and complete end-to-end digital escrow mortgage closings is gaining even more traction as the real estate industry launches into a new decade in 2021. The post The future of mortgage closings appeared first on HousingWire.

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Closing Mortgages Residential Technology 246

Housing Wire

MARCH 29, 2024

Publicly traded real estate technology company Doma Holdings has entered into a definitive agreement to sell to title insurance underwriter Title Resources Group (TRG) and become a private company. This represents a 43% premium compared to the share’s closing price on March 27. per share of common stock, paying it in cash.

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Housing Wire

JUNE 30, 2021

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. Further details of the acquisition were not disclosed.

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Housing Wire

JUNE 11, 2021

Have you budgeted for closing costs? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. Should the appraisal come in lower than the contract price, the closing process may be impacted.

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Marco Santarelli

FEBRUARY 8, 2024

These vulnerabilities are categorized into three significant areas: Financial Risks, Financial Institutions, and Financial Market Structure, Operational Risk, and Technological Risk. The Council reiterates its recommendations for Congress to pass legislation to close these regulatory gaps. Financial Risks: Unveiling Vulnerabilities 3.1

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Housing Wire

APRIL 18, 2024

President and CEO John Medina said in a prepared statement that the First Federal Bank has a mission to provide solutions from a “financially stable institution,” and the acquisition “ underscores our commitment “ to the residential mortgage sector. The deal included the bank’s consumer-direct technology platform.

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Housing Wire

MARCH 20, 2024

Ally Home , the residential mortgage lending arm of Ally Bank , is offering a $5,000 grant for eligible homebuyers in the select markets of Charlotte, Detroit and Philadelphia, the company announced on Tuesday. The upfront lump sum can be applied toward a down payment, closing costs or other expenses related to the homebuying process.

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Housing Wire

MAY 2, 2021

Real estate technology has changed rapidly over the last few years, and property valuation is no exception. Efficient data collection with aggregation and next-generation market analytics can drastically impact the closing process. Today, borrowers and lenders alike expect an easy and expedited home loan experience.

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Housing Wire

MAY 3, 2023

Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, announced on Wednesday a new partnership with WFG National Title Insurance Company (WFG) to provide the company and its customers with eClosing technology solutions.

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Housing Wire

SEPTEMBER 1, 2023

Meanwhile, Spring EQ will be able enhance its platform through further investments in technology, new commercial opportunities and growth-based operational initiatives, the company said. The deal is subject to customary closing conditions and regulatory approvals. accelerates.

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Housing Wire

FEBRUARY 7, 2023

Digital closing platform Snapdocs announced on Tuesday that it has completed its integration with Mortgage Cadence, a cloud-based digital lending platform. This integration will enable lenders to finalize closing documents using Snapdocs within Mortgage Cadence’s loan origination system (LOS).

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Housing Wire

JANUARY 23, 2023

Through the Touchless Lending technology, an application can reach a clear-to-close decision within a week, 80% faster than the average industry time of 50 days. Tony Grothouse, CEO of Revolution Mortgage, says the technology will help the company expand and deliver quality assets into the secondary market. “We

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Lending Mortgages Technology Loans 355

Housing Wire

JULY 27, 2023

In his new role, Taylor will work closely with OJO CEO and Founder John Berkowitz. “I’ve seen first-hand the incredible value Taylor provides, serving as a conduit between understanding the needs of real estate professionals and consumers, with how to build innovative technology to ensure a successful relationship.”

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Housing Wire

APRIL 18, 2024

The overarching goal of prefunding QC is to ward off problems before they become issues on closed loans. The flip side is if I instead have a platform that leverages technology (such as AI and optical character recognition software, or OCR) to essentially level the playing field.

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Loans Due diligence Investor Technology 363

Housing Wire

APRIL 13, 2023

The purchase, which includes the bank’s consumer-direct technology platform, is expected to close in the second quarter of 2023. The BNC platform is expected to transition to the First Federal branch within a few months of closing. Terms of the transaction were not disclosed. billion in 2022 from the previous year’s $2.37

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Banks Mortgages Loan Officer Residential 351

Housing Wire

FEBRUARY 24, 2022

This is an ongoing trend, as direct residential refinance revenues have continued to be a smaller portion of our total direct revenue, contributing approximately 28% of total direct revenue in the fourth quarter of 2020 as compared with 16% in the fourth quarter of 2021.”

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Housing Wire

NOVEMBER 8, 2022

Publicly traded lending software firm MeridianLink has acquired OpenClose , a fintech company that specializes in residential mortgage software solutions for banks, credit unions and mortgage lenders. In April, MeridianLink paid roughly $28 million to acquire StreetShares , which provides lending technology to banks and credit unions.

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Mortgages Lending Technology Banks 365

Housing Wire

FEBRUARY 14, 2024

Final decisions on these employees are still being worked out based on the needs to wind down the current pipelines and close out the Academy business, she said. The acquisition of Academy’s retail assets is scheduled to close by the end of February. The combined enterprises would represent 1.3%

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Mortgages Loan Officer Loans Closing 397

Housing Wire

AUGUST 31, 2022

Xactus, which says it has more than 6,500 clients including bank and nonbank mortgage originators, uses its proprietary technology platform to close loans quickly. In June, the verifications solutions provider rolled out a monitoring program that scans residential addresses for changes in listing status.

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Lending Technology Loans Banks 368

Housing Wire

MAY 23, 2023

The acquisition aligns with Doma’s mission-driven strategy and its focus on core underwriting and technology business, according to the company. Doma’s go-forward strategy focuses on leveraging its instant underwriting technology through partnerships with major players in the national mortgage origination market.

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Housing Wire

NOVEMBER 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported an adjusted operating income of $131 million in the third quarter of 2023, up from Q3 2022’s $126 million — despite the headwinds the mortgage industry is facing. The mortgage technology division at ICE posted $330 million in total revenue in the third quarter, up about 19.6%

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Industrial Mortgages Technology Loan Officer 249

RIS Media

FEBRUARY 4, 2022

In 2021, our sales associates and independent brokerages continued to recognize the value in leveraging Weichert’s technology, marketing, training and coaching support to compete and grow, as evidenced by our impressive year-end results.”. Customized Technology Drives Business. Streamlined Service Begets Success.

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GeekEstate

OCTOBER 29, 2021

I’m excited to release Thomvest’s real estate technology market map, which includes more than 240 companies operating within the residential real estate segment. This market map real estate technology companies operating across every phase of the home purchase value chain. As such, we’ve included the Blend logo in those areas.

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Housing Wire

JANUARY 12, 2024

The value of all residential real estate worldwide is approximately $200 trillion. The numbers are staggering so it is no surprise that residential proptech is a heady market, capturing the imagination of entrepreneurs and institutions alike. Of this, the U.S. accounts for approximately 23%. Every year, transaction volume in the U.S.

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Finance Principal Residential Development 348

Realty Biz

MARCH 15, 2021

While blockchain has already been used in sectors like finance and logistics for many years, the technology is now being leveraged within the real estate sector. The post How Blockchain Technology Is Revolutionizing The Property Market appeared first on RealtyBizNews: Real Estate News. Image Credit: Unsplash. Intermediaries.

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Technology Due diligence Title Marketing 145

Housing Wire

AUGUST 6, 2020

“We are excited to be joining the Intercontinental Exchange family and having the opportunity to work closely with Simplifile and MERS in helping our industry to realize the true digital mortgage,” said Jonathan Corr, president and CEO of Ellie Mae. “We residential mortgage industry.”. Based in Pleasanton, Calif.,

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Residential Equity Mortgages Industrial 530

Realty Biz

AUGUST 12, 2023

FirstService Residential New York promoted Jennifer Santaniello to Vice President in the Manhattan Condo/Co-op Division. I look forward to working even more closely with our talented teams and partners to further strengthen our market presence in New York City and to deliver exceptional service to our clients."

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Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. Hurst: Over the first few years of our venture investment activities, we predominantly invested in new models for engaging customers and stakeholders in the residential purchase market. As of Sept.

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Title Mortgages Commercial Technology 329

Housing Wire

FEBRUARY 13, 2024

Gregory Meola, managing director and head of business development & strategy for Acra Lending explains the process and how technology can be a boon to streamlining the process. GM: While both QM and non-QM lending are related to lending on residential properties , the processing of these loans has some significant differences.

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Lending Loans Technology Development 289

Housing Wire

JULY 28, 2022

In light of this, HousingWire recently caught up with Teraverde Chief Technology & Innovation Officer Rob Peterson to learn more about the key to lender profitability in today’s lending environment. Rob Peterson: Most segments of the economy have effectively adopted technology to reduce their costs. Louis computes a 34.7%

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Housing Wire

DECEMBER 20, 2021

residential real estate market based on gross written premiums. The Doma Intelligence platform works by automating many of the rote tasks of the closing process including retrieving and analyzing documents that need to be searched. This brings the platform’s coverage to approximately 83% of the U.S.

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Title Closing Inspection Banks 365

Housing Wire

NOVEMBER 13, 2020

In fact, the company reports that more than 60% of its Zillow Offers customers closed on their home through RON. The second win, maybe even mightier than the first, the technology tailwind,” Zillow CEO Rich Barton said in the earnings report. Now nearly 2/3 of our Zillow Offers home purchases are closed digitally with a remote notary.

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Technology Residential Industrial Closing 455

Housing Wire

AUGUST 30, 2022

There is also a renewed interest in the future state of residential mortgage originations. This has led many lenders to feel overwhelmed by options and lack understanding of how, when and where to best implement new technology. Many of these goals lead to adding technologies that can both speed up cycle times and drive down costs.

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Lending Technology Equity Investor 387

Housing Wire

SEPTEMBER 22, 2022

New York-based Unlock Technologies , a fintech operating in the shared-equity market, and real estate investment firm Saluda Grade , have closed a $180 million private-label securitization (PLS) backed entirely by Unlock-originated residential home-equity agreements (HEAs).

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Equity Marketing Fixed-rate mortgage Finance 358

Housing Wire

JULY 19, 2022

Fannie Mae and Freddie Mac ’s regulator imagines a future where, perhaps through artificial intelligence and machine learning, errors in mortgages are identified in real time before a loan is closed. billion five years ago, per the Federal Housing Finance Agency — closing a mortgage loan has since gotten more expensive, not less.

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RIS Media

JANUARY 10, 2021

Residential real estate sales have continued to flourish during the COVID-19 health pandemic and have been critical to keeping the economy afloat. We have the technology to do this, but the laws and business practices need to catch up so that we can provide safe, remote digital real estate closings. View the entire issue here.

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Housing Wire

MARCH 9, 2023

residential real estate mortgages, would not confirm nor deny the rumors. “We We know that closing costs continue to be a barrier for homebuyers – especially among underserved populations and first-time homebuyers,” a Fannie Mae spokesperson wrote in an email. “The Fannie Mae, which currently backs almost $4.1 trillion in U.S.

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