Housing Wire

AUGUST 8, 2023

Real estate valuation technology company Clear Capital unveiled an automated underwriting risk analyzer solution called AURA on Tuesday. Through the AURA API solution, technology partners can provide lenders with a consolidated version of all the necessary data to assess the risk associated with an appraisal.

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Housing Wire

MAY 28, 2021

HousingWire recently spoke with Aditya Udas, managing director at Iron Mountain, about the potential for digital transformation of mortgage custodial duties and how Iron Mountain is innovating collateral management. And if certification is not done properly, there is a risk to the investor from the faulty data. The answer is yes.

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Housing Wire

FEBRUARY 1, 2023

NTC offers a paid-in-full suite of services, including lien release, borrower mailings, collateral file management and title curative, plus a self-service platform, PerfectDocs. Taking this off a client’s hands is valuable, as most clients do not have the resources or knowledge to do it effectively themselves.

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Housing Wire

FEBRUARY 9, 2023

Trice, president of Collateral Risk Network (CRN) — a nonprofit group that focuses on valuation, collateral risk, and regulations — will continue to hold its annual meeting in conjunction with Val Expo, which she started in 2003. The expo is scheduled for August 7-9 at the Mirage Hotel in Las Vegas, Nevada.

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Housing Wire

APRIL 29, 2024

A lender makes monthly payments to you based on the equity in your home, using your home as collateral. While reverse mortgages can provide financial relief for some, they also come with significant risks and obligations,” Nessel said in the statement.

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Housing Wire

JANUARY 11, 2023

Nashville, Tennessee-headquartered Defy Mortgage is the latest player to join the non-QM (non-qualified mortgage) lending space, which targets entrepreneurs and gig workers who have various forms of collateral, including cryptocurrency.

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Housing Wire

MARCH 19, 2024

CoreLogic’s commitment to unlocking value throughout the entire property ecosystem — and its goal to infuse data analytics into mortgage workflows — is why it partnered with Polly, said Bob Jennings, executive of collateral and risk solutions at CoreLogic.

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Housing Wire

FEBRUARY 7, 2024

According to a Bloomberg report, the bank has already started to offer its mortgage assets to investors in order to transfer the portfolio risks. The offering includes a synthetic risk transfer-backed portfolio of about $5 billion in home loans originated when mortgage rates were lower. billion in mortgages in 2023.

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Housing Wire

JANUARY 17, 2024

TCB received first-priority liens on RMIT’s collateral, including proceeds from the tail advances, in exchange for the loans. The RMIT bankruptcy plan administrator’s petition states that TCB financed RMF’s tail advances, encompassing draw disbursements, mortgage insurance premiums, fees, or charges.

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Bankruptcy Finance Loans Mortgages 365

Housing Wire

JUNE 9, 2023

Additionally, the proposed guidance would describe the risks of deficient residential real estate valuations and how financial institutions may incorporate ROV processes into established risk management functions,” the announcement notes. The guidance also prioritizes appraisers’ independence and responsiveness to consumers.

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Residential Banks 343

Housing Wire

JUNE 4, 2024

A company recently attempted to auction off Graceland, claiming that Elvis’ late daughter, Lisa Marie Presley, had defaulted on a loan that used the palatial home and now-museum as collateral. The first is to be alert to early warning signs, since a scammer will often try to impersonate you with forged documents.

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Housing Wire

OCTOBER 11, 2023

“By harnessing our industry-leading data and workflow solutions, we have taken the first step toward creating an all-in-one platform that transforms the mortgage process, benefiting both borrowers and loan officers,” said Bob Jennings, executive of collateral and risk solution at CoreLogic.

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Housing Wire

MARCH 1, 2023

As such, we are transitioning to a range of options to establish a property’s market value, with the option matching the risk of the collateral and the loan transaction,” Fannie Mae states in its release. “We are on a journey of continuous improvement to make the home valuation process more efficient and accurate.

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Housing Wire

AUGUST 11, 2022

million in restricted cash “posted as additional collateral with our warehouse and securitization facilities.”. “As million in restricted cash “posted as additional collateral with our warehouse and securitization facilities.”. ” The lender wrote in its SEC filing that as of June 30, it had $90.8 billion.

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Loans Principal Lending Mortgages 391

Housing Wire

DECEMBER 8, 2021

ClearCollateral Review is a review system that automates collateral underwriting in compliance with internal credit policies and GSE guidelines. Leveraging machine learning to automate the collateral underwriting review ensures less time is spent reviewing low-risk files, and senior reviewers can focus on complex files. #3.

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Inman

FEBRUARY 8, 2024

Troubled New York Community Bancorp is reportedly ready to pledge about $5 billion in home loans originated by Flagstar Bank as collateral for risk transfer that would bolster its capital.

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Banks Mortgages Loans As-is 158

Housing Wire

NOVEMBER 7, 2023

Banks most frequently cited a less favorable or more uncertain economic outlook; reduced tolerance for risk; deterioration in the credit quality of loans and collateral values; and concerns about funding costs as important reasons for tightening lending standards over the third quarter,” the report said.

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Housing Wire

MAY 30, 2024

Upon news of the product’s development, former Ginnie Mae President Ted Tozer lauded the move , saying “one thing that’s urgently needed is to have this liquidity facility so that lenders — when they buy loans out of pools at ninety-eight percent — they can actually turn around and use them as collateral, again, for a government-guaranteed security.”

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Housing Wire

FEBRUARY 22, 2023

21, backed by loan collateral valued in total at nearly $6 billion. Those non-QM offerings include 13 securitizations involving a mix of owner-occupied and investment properties, plus two deals involving a mix of performing and nonperforming loan collateral. to 5.9% — with the fresher collateral at the higher end of the range.

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Marketing Loans Equity Mortgages 311

Housing Wire

NOVEMBER 20, 2020

Collateral underwriting turn times in particular have been slowing for years as new guidelines, overlays and documentation processes have added to the already-long appraisal review process. It would need to analyze the appraisal based on risk factors like quality, complexity and value,” he said. The Pain Point.

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Housing Wire

APRIL 20, 2023

“At the root of our alliance is simplifying ordering and creating an efficient set-up and implementation process for lenders,” Bob Jennings, CoreLogic’s executive of platforms, collateral, and risk solutions, said in a statement.

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Technology Industrial Mortgages Loans 363

Housing Wire

FEBRUARY 24, 2023

The FHFA defined new activity as: 1) An activity (meaning—a business line, business practice, offering or service that the Enterprise provides to the market either on a standalone basis or as part of a business line, business practice, offering or service); 2) An enhancement, alteration, or modification to an activity that is described by one or more (..)

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Housing Wire

JANUARY 6, 2023

What risks are incurred through the acquisition of a loan portfolio? With this exchange, there is an element of risk transfer for the new servicer after acquiring the new loan portfolio. With this exchange, there is an element of risk transfer for the new servicer after acquiring the new loan portfolio.

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Due diligence Loans Industrial Investor 364

Housing Wire

SEPTEMBER 3, 2021

Whether you’re a tax assessor, collector, title company, originator or loan servicer, there is no unified source of truth pertaining to ever-changing collateral characteristics and risks. There needs to be better visibility and insight into those changes across the ecosystem.

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Mortgages Title Loans 336

Housing Wire

OCTOBER 2, 2023

Xactus also supports Freddie Mac ’s ACE+ PDR (automated collateral evaluation plus property data report).

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Banks Inspection Mortgages Design 360

Housing Wire

AUGUST 29, 2023

The risk of tying up the shares to the loans is that if the value of the stock falls, the bank can usually request additional collateral or for the loan to be repaid. “The number of shares of Class A common stock beneficially owned by SFS Corp. And if the borrower fails to comply, the bank can seize and sell the shares.

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Loans Banks Mortgages As-is 318

Housing Wire

MARCH 5, 2024

The bank is also reportedly in talks to transfer mortgage risks amid market pressure. NYCB had $83 billion in total deposits, with 72% of the total insured and collateralized. Targeting a 10% CET1 ratio, the bank cut its quarterly dividend from $0.17 to assist with capital generation. On a call on Feb. Total liquidity was $37.3

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Sales Banks Principal Loans 338

Housing Wire

OCTOBER 12, 2023

At the American Land Title Association’s annual ALTA One conference , several title industry experts and analysts have broken down the hype, use cases and risks posed by using AI. “AI Harfoush said this results in people “risking losing mastery of thinking.” I encourage you to try it, but understand the risks of the ecosystem.”

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Housing Wire

AUGUST 11, 2020

According to Johnson, when markets accelerate quickly, the credit risk gap widens between the agreed-upon purchase price and what the data reflects and advises loan production teams to explore avenues to understand this delta.

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Marketing Equity Loans As-is 538

Housing Wire

MARCH 1, 2023

For decades, the housing industry has viewed climate risk as a fairly straightforward issue. However, the ramifications of climate risk are now being felt throughout the broader industry, especially as a larger and larger percentage of this damage comes in the form of uninsured losses. You build the home to code.

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Industrial Banks Loans Design 343

Housing Wire

JANUARY 5, 2023

This, in turn, led to a drop in collateral that was available to support securitizations in both the agency and non-agency secondary markets. He expects newer nonbank financial HELOC products to see borrower uptake with product features helping temper credit risk. . RMBS at DBRS Morningstar said in a report.

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Marketing Equity Loans Investor 402

Housing Wire

APRIL 13, 2023

Touchless Lending automates the loan production process, which allows lenders to originate mortgages more quickly while reducing costs and repurchasing risks. Lenders using Touchless Lending can differentiate themselves by offering a more personalized and efficient experience to borrowers, while reducing origination costs and risk.

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Housing Wire

MARCH 3, 2022

The process of bundling loans and separating risks makes available fixed-rate mortgages that are fully prepayable at borrowing costs well below other forms of debt. One of the critical mechanisms of securitization is the separation of the underlying assets from the bankruptcy risk of the mortgage bond issuer. They fulfill cash flows.

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Bankruptcy Investor Fixed-rate mortgage Loans 302

Housing Wire

JUNE 10, 2022

ClearCollateral ® Review is a highly efficient and intelligent automated underwriting review system that enables you to apply a risk-based approach to appraisal review and close more loans faster. By using machine learning to automate the collateral underwriting process, ClearCollateral ® Review helps reduce the review effort by 50%. #3.

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Loans Closing 239

Housing Wire

SEPTEMBER 10, 2021

According to the OCC, the fine is also a result of the bank violating the terms of a 2018 compliance consent order , which alleged that Wells Fargo did not implement or maintain a compliance risk management program proportionate with the bank’s size, complexity and risk profile, resulting in “reckless practices.”

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Lending Banks Loans Mortgages 446

Housing Wire

AUGUST 1, 2023

Name Job Title Company Name Agnes Standowicz Senior Vice President and Head of Underwriting United Wholesale Mortgage Alayna Gardner Director of Sales and Marketing LodeStar Software Solutions Ali Haralson President Auction.com Amanda Tucker Chief Risk and Compliance Officer Atlantic Bay Mortgage Company Amy Gromowski Executive of Science and Analytics (..)

Lending 370

Lending Title Mortgages Equity 370

Housing Wire

MAY 23, 2023

This gives them an idea of whether they’re being discriminated against in the appraisal process, reducing the risk of appraisal bias — or at the very least, increasing the consumer’s ability to spot if it’s happening to them.

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