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Ardley launches white-label automated underwriting engine

Housing Wire

“Most technologies are not architected to do a million loans every five minutes.” “Most technologies are not architected to do a million loans every five minutes.” “We accomplish that by participating when one loan closes, so we want to find more loans and help close them more quickly.

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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

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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Williston Financial Group’s MyHome acquires Volly

Housing Wire

Williston Financial Group is closing out 2023 with yet another acquisition. The firm announced Thursday that MyHome , a WFG subsidiary, has acquired technology and marketing services provider Volly. The financial terms of the deal were not disclosed. Launched in 2004, 10 of the nation’s top 30 banks work with Volly.

Title 380
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Side’s Hilary Saunders discusses the evolution of brokerage models

Housing Wire

Through this, Saunders said, consumers began to realize the importance of staging, photography and online marketing. We are in the stage now where we are having to play cleanup on a lot of different fronts, and part of that cleanup is actually providing a service to the end consumer by way of brokerage,” Saunders said. “So,

Brokerage 382
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Opinion: The little things mean a lot in mortgage operations

Housing Wire

However, it still appears that lenders are focusing their technology investments on the point of sale. A 2020 ICE Mortgage Technology survey confirmed this, reporting that 58% of borrowers were affected in their decision making by the presence (or lack thereof) of an online application. And, in particular, closing fees.

Mortgages 352
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Loan buybacks haven’t disappeared, but they are trending down

Housing Wire

The Urban Institute report, published in November 2023, shows that the average number of months from origination to repurchase between 2005 to 2008 (prior to and during the early stages of the global financial crisis ) was 46 months for Freddie Mac and 52 months for Fannie Mae.

Loans 375
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Why regular check-ins are the unsung heroes of agent retention

Housing Wire

While brokers frequently prioritize sophisticated recruitment tactics and having the best technology stack, it’s vital to revisit the fundamental elements of human interaction and organizational retention underpinning a successful brokerage. For a newer agent, discussions may focus more on training and basic sales techniques.

Agents 397