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Planet acquires Platinum Home Mortgage Corporation

Housing Wire

Connecticut-based lender and servicer Planet Home Lending has acquired the assets of Illinois-based retail lender Platinum Home Mortgage Corporation. Founded in 1993 by Bill and Michael Giambrone, Platinum has 22 branches and 79 active loan officers, according to the mortgage tech platform Modex. The lender originated $6.5

Mortgages 390
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What AVMs can and can’t do in the appraisal process

Housing Wire

Automated Valuation Models (AVMs) are commonly used today in the mortgage industry to help support the appraiser’s concluded value. The mortgage industry has begun advancing initiatives to allow technology and big data to take the next steps in the development of things like more accurate AVMs. ” Amazing, right?

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Real estate appraisals: What agents should know

Housing Wire

Appraisals are required for homes financed with any type of mortgage. This includes foreclosed properties, flipped properties, distressed properties, commercial properties and industrial properties. Getting approved for a mortgage depends largely on the outcome of an appraisal. Why are appraisals important?

Agents 434
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Opinion: Who decides what American neighborhoods look like?

Housing Wire

population — own more than $30 trillion in residential, commercial, industrial and agricultural property. White professionals also dominate the commercial real estate sector. Whether you’re renovating homes or selling skyscrapers, real estate requires networking and patience. And these legacies of racism persist.

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The labor market showed signs of modest cooling in July

Housing Wire

Indicators of manufacturing and service sector health remain lackluster, measures of inflation have moved lower, while GDP growth in the second quarter was stronger than expected and consumer spending remains resilient,” said Mortgage Bankers Association VP and Deputy Chief Economist Joel Kan.

Marketing 286
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Second Century Ventures Accepting Applications for 2021 REACH & REACH Commercial Classes

RIS Media

Second Century Ventures, the strategic investment arm of the National Association of REALTORS® (NAR) and active global real estate technology fund, is now accepting applications for the 2021 REACH and REACH Commercial programs. Applications for the 2021 REACH and REACH Commercial programs will be accepted through Jan.

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Setting Up A Real Estate Business In New York

Realty Biz

Whether you’re looking to become a broker or agent for commercial and residential real estate, there are important steps to consider. These guidelines, for example, will allow commercial properties to be built only in certain areas, typically not in residential neighborhoods. Are you looking to launch a New York real estate business?