Housing Wire

MARCH 28, 2024

The digital lender made changes in its commercial operating model to achieve this goal and will continue to invest in Tinman, its proprietary technology platform. The operating model change involved Better pivoting to hiring experienced loan officers on commission-based compensation plans. Better Home & Finance Holding Co. ,

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Housing Wire

JANUARY 17, 2024

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. As long as the buyer complies with these ongoing loan obligations, a HECM for Purchase loan doesn’t have to be repaid until a maturity event, such as when the home is sold or is no longer considered their primary residence.

Finance 419

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Housing Wire

MARCH 10, 2023

California-based Impac Mortgage Holdings is repositioning itself as a mortgage brokerage and voluntarily giving up its seller-servicer designation with Fannie Mae and Freddie Mac. Impac is transitioning its retail consumer direct lending division into a mortgage broker fulfillment model to offer various products at a reduced cost per loan.

Mortgages 338

Mortgages Lending Commercial Brokerage 338

Housing Wire

JULY 7, 2021

Adwerx is the only digital advertising service designed specifically for leading mortgage lenders to automate compliant, individualized ads for loan officers and branches, and deploy digital marketing at scale to reach prospects directly, build brand awareness, and increase the productivity, recruiting, and retention of loan officers. #1.

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Housing Wire

AUGUST 8, 2023

Industry veteran Parvesh Sahi , chief revenue officer at Polly , has spent much of his career in the mortgage space, working with notable fintech vendors and facilitating powerful connections between compliance and loan origination softwares. It should also support users’ ability to deploy new loan products quickly as their strategies change.

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Housing Wire

OCTOBER 26, 2022

“In today’s mortgage lending business, lenders who can design creative and intuitive borrower experiences will win more business,” Revvin CEO Valentin Saportas said in a statement. The adoption of this type of technology allowed underwriters and loan processors to address historic loan volumes during the pandemic.

Lending 312

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RIS Media

DECEMBER 20, 2020

The initial shock and challenges of COVID-19 on commercial real estate (CRE) practitioners—and the expectation that property values would suffer immeasurably—may have been a bit premature. percent, accompanied by up to 90 percent loan-to-value ratio. Your focus should be on the opportunities and keeping your mindset optimistic.

Commercial 100

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Housing Wire

JULY 8, 2021

Lereta’s services are designed to increase efficiency, reduce penalties and liabilities and improve processes for mortgage originators and servicers. The company claims to process over $17 billion in tax payments annually and monitors more than 25 million loans for flood determinations. It competes directly with CoreLogic.

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Realty Biz

MARCH 17, 2021

However, one option that’s always going to remain popular is commercial real estate (CRE). You might be confused about what CRE includes and, simply put, it concerns any property designed to make money, such as industrial warehouses, retail stores, office buildings, and even hotels, storage spaces, and casinos. Final Thoughts.

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Marco Santarelli

MAY 3, 2023

Fortunately, real estate loans for investors offer a viable solution to finance these investments. In this article, we will explore the most common types of real estate loans for investors, their eligibility requirements, how to obtain them, and the factors to consider before selecting a loan.

Investor 52

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Housing Wire

JANUARY 25, 2022

The Community Home Lenders Association (CHLA), which represents small and mid-sized IMBs, just sent a letter to the Federal Housing Finance Authority (FHFA) , asking for tweaks to FHFA’s recently announced fee hikes on second home and high balance Fannie Mae and Freddie Mac loans. It does not envision FHFA making these sorts of decisions.

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Housing Wire

FEBRUARY 21, 2024

In 2021, Gigliotti created Axis 360 Lift , an online academy designed to educate aspiring mortgage and title professionals. It draws content from MBA’s School of Mortgage Banking and School of Loan Origination, including prerequisite coursework. “I of employees at commercial real estate companies were men, while 41.4%

Mortgages 312

Mortgages Title Marketing Lending 312

Housing Wire

SEPTEMBER 30, 2021

Mortgage Cadence has recently launched their new platform offering the industry’s most complete, modern LOS that delivers cloud-based, automated loan origination capabilities designed to enable an exceptional user experience throughout the entire mortgage lending life cycle, across all channels and products.

Mortgages 247

Mortgages Technology Lending Design 247

Housing Wire

JUNE 6, 2023

Buyers may also have the option to take advantage of a $200 Pilot Program, which is available to prospective buyers in Houston, Ohio or Arizona who have an active loan offer from another lender. Chase also offers a $5,000 grant for eligible homebuyers purchasing in majority-Black and Hispanic neighborhoods across the U.S.

Lending 309

Lending Commercial Loans Banks 309

Housing Wire

SEPTEMBER 14, 2023

“We would partner with banks to buy their loans and securitize them so the banks could recycle their capital.” Redwood executives are positioning the company to acquire mortgage loans in the market, mainly jumbos , with the expectation that banks will have a reduced appetite. We don’t originate residential mortgages.

Equity 313

Equity Banks Investor Residential 313

Housing Wire

DECEMBER 15, 2020

LERETA also offers life-of-loan, basic, and commercial determinations, as well as portfolio reviews. The eOriginal platform enables lenders and their partners to create, store and manage digital assets from close through to the secondary loan market. It has delivered more than 19 million flood determinations.

Commercial 204

Commercial Lending Loans Banks 204

Housing Wire

MAY 24, 2021

Notable in light of the current servicing challenges facing the industry, Stavvy’s eClosing technology is designed to facilitate faster borrower communication and closings as servicers work through loan modifications, referrals and forbearance. Presented by: Sagent Lending Technologies.

Land 353

Land Lending Technology Banks 353

Housing Wire

NOVEMBER 30, 2020

“By launching TMC Emerging Technology Fund, we are providing our members with a mechanism to get ahead of the technology adoption curve so they can reduce the cost of manufacturing loans and protect their competitive positioning.”. TMC members will be encouraged to provide hands-on advice and direction to the fund’s portfolio companies.

Technology 361

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Housing Wire

MARCH 11, 2022

Karayaneva urged real estate agents to get on board and become “crypto certified,” an unofficial designation the company bestows following training and course work. But the most basic step an agent could take, multiple speakers said Friday, is becoming comfortable with consumers using crypto assets instead of dollars or bank loans.

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Housing Wire

MARCH 31, 2021

According to Biden, two million affordable homes and commercial buildings would be built and renovated over the next decade as part of the initiative. Presented by: Proctor Loan Protector. Combined with measures designed to stop offshoring of profits, the White House said the tax hike would fund the entire plan within 15 years.

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Construction Commercial Renovation Residential 545

Propmodo

NOVEMBER 14, 2023

It was one of the biggest commercial deals of the year, and RXR and its partner financed the acquisition with $1.2 billion in loans from AIG and Morgan Stanley. billion in loans on 1285 Sixth Avenue. RXR’s journey to modify the largest loan in its portfolio began several months ago. It was a long process.”

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HomeLight

AUGUST 31, 2021

The FHA backing lets lenders offer easier credit terms than non-FHA loans. FHA loans are especially important for first-time buyers. In 2020, only about 10% of all home loans were FHA-backed, according to the agency’s annual report. If somebody’s credit isn’t strong enough, they may not qualify for another loan.

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FHA loan Loans Debt-to-income ratio Banks 81

Propmodo

JANUARY 13, 2024

But amid this gloomy outlook, one development firm in the city is contrasting the negative view of the office and finding ways to get offices designed, financed, and completed. He teamed up with Rudikoff, a commercial real estate veteran with more than three decades of experience. So far, GDSNY has completed more than $4.5

Development 57

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Fancy Pants Homes

MAY 30, 2022

When it comes to Instagram influencers, interior designers are making a (mega) mark. From design hacks to DIY projects, the most popular interior designers on Instagram are laughing all the way to the bank with their sponsored posts. There’s big bucks in all things home design. Hashtag killing it!

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Design Renovation Commercial As-is 59

Housing Wire

JANUARY 5, 2021

Nonbank mortgage servicers are a vital conduit between mortgage borrowers and investors in mortgage loans. “In the introduction to the Proposed Standards, CSBS recognizes the importance of nonbank mortgage servicers in the mortgage market,” HPC stated in its comment letter. HPC agrees. Achieving touchless mortgage automation.

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Mortgages Banks Commercial Technology 271

Housing Wire

NOVEMBER 28, 2022

Originators retain representation and warranty risk against fraud or misrepresentation, as well as processing errors that can result in a loan defect worthy of repurchase. This entire discussion should be extremely concerning to all in the mortgage industry, especially the IMBs. But even in this case, the risk is short-term liquidity.

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Banks Lending Mortgages Investor 318

Housing Wire

SEPTEMBER 15, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. Consumer loans such as mortgages and other financial documents require notarization. Register for the FinLedger Daily Newsletter.

Closing 448

Closing Loans Banks Investor 448

Realty Biz

OCTOBER 25, 2023

Century Health & Housing Capital (CHHC), an approved Federal Housing Administration (FHA) mortgagee and Government National Mortgage Association (GNMA) issuer/servicer, has selected LendingStandard, a software-driven platform specializing in the origination, underwriting, and processing of multifamily loans.

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Housing Wire

JUNE 24, 2021

It is so that we can empower our loan officers who maybe don’t have all the facts. It’s not a Chase commercial. We hope that everyone can use this video. Now, of course, we’ve since put our name on it. But the reason that we do that is for that very reason, Sarah. Teressa Lurk: I think education is certainly key.

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Realty Biz

FEBRUARY 19, 2024

Unlike purchasing a ready-made home, it offers the flexibility to design and build according to personal or business needs. Zoning determines land use, such as residential, commercial, or agricultural. In these instances, you must ensure the local health board authorizes an approved septic system design.

Land 126

Land Due diligence Title search Finance 126

Propmodo

APRIL 28, 2024

Most of the capital—63 percent—went to real estate development loans, while the rest went to home purchase mortgages, down payment assistance, and business loans. So far, plans call for 2 million square feet of commercial, residential, retail, and community space.

Development 116

Development Land Lending Finance 116

Marco Santarelli

APRIL 28, 2023

The Federal Housing Finance Agency (FHFA) recently announced changes to the loan-level price adjustments (LLPAs) for borrowers with conventional mortgages backed by Fannie Mae or Freddie Mac. A portion of these fees are “upfront” fees that are based on the risk characteristics of the borrowers and the loans they are obtaining.

Mortgages 98

Mortgages Debt-to-income ratio Loans Finance 98

Housing Wire

FEBRUARY 8, 2022

We service their loans. The company serves a $50 billion loan portfolio. Investment firms that purchase mortgage loans in default also face the same challenge. When the pandemic hit, and they put their loan into forbearance, it was quite easy. For example, with Federal Housing Administration ( FHA ) loans, 1.5

Loans 341

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Realty Biz

SEPTEMBER 26, 2023

Investors should prepare to hold their assets until the project reaches completion or a designated exit point. They allow individuals to invest in private market real estate, including residential, commercial, and mixed-use properties. PeerStreet : PeerStreet provides investors access to high-quality, short-term real estate loans.

Due diligence 83

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Housing Wire

NOVEMBER 20, 2020

The tech works through a single transaction via The Work Number database – a centralized commercial repository of income and employment information in the U.S. Major Release in May, and boasts enhancements for lenders that support an omni-channel approach and the ability to design around business process terms and workflows.

Technology 400

Technology Mortgages Commercial Inspection 400

Marco Santarelli

MAY 24, 2024

These changes are designed to lower the barriers for developers to build more diverse housing options at reduced costs, ultimately making housing more affordable for Coloradans. These programs offer down payment assistance and low-interest loans, making homeownership more accessible to a broader segment of the population.

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HomeLight

AUGUST 31, 2021

If so, then the 203k loan may offer a way to finance your plans, but first, you’ll need to know both what this loan is and how to get a 203k loan. . In addition to 12 years of experience as a real estate agent, Forney has personal experience using a 203(k) loan to purchase and fix up his first home.

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Loans FHA loan Pre-approval Finance 80