Housing Wire

OCTOBER 16, 2023

Generative artificial intelligence (AI) has tremendous potential to cut costs and improve customer experience, but regulation has not caught up to develop a governance program, industry pros said of AI’s implementation in mortgage lending. Have we developed a model that is in fact fair?

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Due diligence Lending Technology Mortgages 457

Housing Wire

AUGUST 25, 2021

For a variety of reasons, including recent policy changes at Fannie Mae and Freddie Mac that cap second home and investor property loan volumes, and growth in jumbo loan volume driven by increasing home prices, there has been renewed interest in the PLS market and its future growth.

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Housing Wire

OCTOBER 29, 2020

HousingWire recently spoke with Brian Simon, president of Trelix Mortgage Fulfillment Services, about how Trelix helps its clients work more efficiently while still maintaining compliance and performing due diligence. That gives us the ability to offer a span of comprehensive proven product options throughout the entire loan lifecycle.

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Housing Wire

NOVEMBER 30, 2021

Record-setting mortgage originations coupled with a resurgent private-label securitization market have created an expanding demand for loan underwriters at a time when they are in scarce supply. . The causes of the underwriter shortage are varied, but it is most pronounced in the private-label market, industry insiders contend. Probably not.

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Due diligence Mortgages Loans Residential 404

Housing Wire

APRIL 26, 2022

Karl Jacob, CEO and co-founder of LoanSnap , said the cyrpto-mortgage system his company has developed can originate more than just loans that LoanSnap mints. Our system I think is good enough that it can do not just the loans that we originate, but [loans originated by] other people,” Jacob said. “Our

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Due diligence Mortgages Equity Loans 442

Housing Wire

SEPTEMBER 13, 2022

The loan-level data and analytics provided by dv01 assists clients across the investment-workflow spectrum, from market due diligence to securitizations to performance analysis. Its products include Loan Data Agent for Securitizations, Portfolio Surveillance, Market Surveillance and Credit Facility Management.

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Due diligence Marketing Finance Loans 370

Housing Wire

MARCH 16, 2022

Parvesh Sahi, senior vice president of business and client development at ICE Mortgage Technology, said that lenders will have a true digital experience that provides efficiency, speed, and cost savings. “We The company claims that they close loans 13 days faster and enable their loan officers to close around 15% more loans per month.

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Due diligence Loans Lending Technology 382

Housing Wire

MARCH 23, 2021

One emerging form of fraud we have seen plaguing our industry has nothing to do with the loan manufacturing process, but rather with the labor used to generate the loans. Given the historic volatility of 2020 (driving loan demand) and the search for elusive industry experience, underwriters have become a prized catch.

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Lending Mortgages Due diligence Debt-to-income ratio 442

Realty Biz

FEBRUARY 19, 2024

However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. I have helped developers build and sell entire subdivisions from the ground up. Careful due diligence is necessary to ensure you don't make any significant mistakes.

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Housing Wire

NOVEMBER 22, 2023

Another example is the LIDAR that’s now available on iPhones, which adds a whole other dynamic to developing point cloud technology to gather measurements and spatial information about anything that you’re scanning. Now, we’re giving a fully transparent data package to the appraiser that they have to use to develop their opinions.

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Housing Wire

JUNE 21, 2022

The capital markets depend on the due diligence, transparency, and protection our industry provides to do its job. In a refinancing, homeowners obtain a new loan and lenders require a new title search and a title insurance policy on that loan to protect their investment. That is why we take pains to explain the process.

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Title Title search Due diligence Land 506

Housing Wire

FEBRUARY 16, 2023

LauraMac, a provider of mortgage loan review SaaS technology, has appointed Rick Seehausen as its chief strategy officer. In his new role, Seehausen will work with the leadership team at LauraMac, overseeing strategic planning and developing new and existing products. “I

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Loans Principal Technology Development 381

Housing Wire

SEPTEMBER 21, 2020

After hiring 120 underwriters in the past 90 days, Evolve Mortgage Services announced on Monday the company plans to fill another 100 permanent underwriter positions for agency and non-QM loans by the end of the year. in both its frontline underwriting and due diligence/QC underwriting departments.

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Mortgages Due diligence Industrial Development 414

Point2Homes

MAY 21, 2021

Below, we’ll review first-time homebuyer loans and programs that will give you a better deal when you purchase a house. For example, affording a large down payment is a challenge for many first-time buyers, but FHA loans allow you to initiate a mortgage with only 3.5% USDA Loans. USDA Loans. Good Neighbor Next Door.

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Loans VA loan FHA loan Renovation 144

Housing Wire

MARCH 11, 2022

Last week, Fairway Independent Mortgage Corporation announced the hiring of Tane Cabe as its new reverse business development manager with a focus on Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business. So real estate agents automatically get nervous [about a HECM being] an FHA loan. Harlan Accola. Dan Hultquist.

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FHA loan Due diligence Loan Officer Loans 370

Housing Wire

AUGUST 11, 2020

By learning from the lessons of the past, we’ve developed a responsible and safe method to provide much-needed down payment assistance, and I’m proud to be part of it. Unfortunately, the Department of Housing and Urban Development could, in an act of sheer obstinacy, soon force the Chenoa Fund and other DPA providers to shutter.

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Due diligence Loans Mortgages Development 414

Realty Biz

NOVEMBER 16, 2023

Lendesk Ups the Ante Lendesk made major waves recently when it announced its most recent development: the new Lender Spotlight AI assistant. The platform also provides mortgage professionals with real-time updates on loan applications and helps them to identify potential problems early on.

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Due diligence Technology Industrial Development 91

Housing Wire

MAY 10, 2022

The problem: They did not qualify for the loans. Hill’s scheme, also enabled by a group of co-conspirators, caught up with him, in part because many of the loans started going south. Hill instructed the homebuyers on how to game the system by submitting fraudulent asset, income and employment information on loan applications.

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Mortgages Marketing Loans Finance 393

Marco Santarelli

APRIL 9, 2024

This is a contrast to other forms of real estate investments in which you first have to spend time and resources on construction, development, marketing, and selling. The developer does all the renovation and the property management company manages the property on your behalf. ” Why so? You may ask.

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Due diligence Property Management Investor Development 98

Redfin

JUNE 21, 2023

From relationship building to conducting due diligence, you’ll be equipped with the knowledge and strategies to enter the world of real estate investing and buy your first investment property with ease. Understanding and comparing mortgages, government-backed loans, and private financing can greatly impact your financial success.

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Due diligence Earnest money deposit Investor Inspection 58

Housing Wire

DECEMBER 9, 2021

has sponsored 18 private-label transactions so far in 2021 backed by more than 20,000 loans valued collectively at $9.9 Goldman Sachs’ string of residential mortgage-backed securities (RMBS) offerings this year were dominated by a dozen prime jumbo-loan deals backed by loan pools valued at $7.7

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Loans Due diligence Mortgages Residential 404

Realty Biz

OCTOBER 3, 2023

By employing algorithms to analyze applicants’ financial information, lenders can swiftly determine loan eligibility. By enhancing due diligence and reducing the likelihood of regulatory penalties, AI reinforces the integrity of mortgage lending operations. However, the journey is not without challenges.

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Lending Mortgages Due diligence Technology 94

Housing Wire

APRIL 24, 2024

Almeida Realtor- Team Leader The American Dream Group Coldwell Banker Abhishek Shende Senior Principal Software Engineer Zillow Group Adi Pavlovic CEO Newzip Alnur Kassim-Lakha Director Mile Rock Capital Amy Macken Senior Vice President, Due Diligence Operations Consolidated Analytics Anaid Chacón Senior Vice President of Product Argyle Mortgage Arkadiusz (..)

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Principal Due diligence Lending Title 424

Realty Biz

JUNE 15, 2022

Performing due diligence is vital when purchasing a home. Without having the ability to provide ALL of the appropriate utilities to a building lot, it is unlikely you’ll be able to get a land loan. Do some due diligence to ensure something can’t be developed that could be detrimental.

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Land Purchase and sale agreement Due diligence Title 126

Marco Santarelli

OCTOBER 16, 2023

You should always do your due diligence on the platform, the sponsor, and the deal before investing. The sponsor may also charge fees for acquisition, development, asset management, or disposition. PeerStreet allows investors to lend money to real estate borrowers and earn interest from the loans.

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Housing Wire

DECEMBER 2, 2021

The mortgage industry is contending with a loan-underwriter shortage that has acted like a governor on an engine — slowing the pace of a fast-growing private-label securitization market. Executives with TPR firms and the bond-rating agencies that make use of their due-diligence reviews agree the problem is a big challenge.

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Due diligence Mortgages Technology Loans 382

McKissock

JANUARY 18, 2022

Schaechterle suggests that part of developing trust is by setting up clear expectations for a new home buyer. A good agent is willing to share their knowledge of different areas, as well as share their contacts regarding loan officers, essential documentation that shows sellers the buyers are serious, among other services.

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Due diligence Loan Officer Agents Inspection 96

Realty Biz

FEBRUARY 24, 2021

Paying for this lot with cash is the ideal scenario but with lot prices climbing into the hundreds of thousands of dollars range, most buyers will need a loan to purchase a lot. The loan you use for buying land to build a house on is very different than the traditional home mortgage loan. How to pay. Cash: Cash is king.

Land 122

Land Loans MLS Finance 122

Realty Biz

MARCH 26, 2021

With pre construction homes, a sharp increase in property values is very likely since building and construction end up gentrifying neighborhoods and attract other development projects in the area, developing the area in the process as well. Financially Feasible Option. Custom Building Is Possible.

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Construction Due diligence Development Renovation 87

Real Trends

DECEMBER 9, 2022

These are positive developments, but we can do more. And why are we behind in loan applications as the report shows that AAPIs only recently had 1.6 million closed loan applications while white, Black, and Hispanic Americans have 13.2 electorate. of all elected leaders across all levels of U.S. government. But here is the rub.

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Due diligence Brokerage Loans Agents 82

Marco Santarelli

MARCH 28, 2023

Create a Mobile App Creating a mobile app can be a lucrative way to generate passive income, but it's important to note that this option is typically only feasible for those who have experience with coding or can hire a developer. Once the app is developed, you can monetize it through in-app purchases, subscriptions, or advertising revenue.

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Lending Due diligence Loans Design 52

Realty Biz

MARCH 19, 2022

Additionally, they will successfully navigate through negotiations, due diligence, and closing. For example, in neighborhood developments, there’s likely an HOA that dictates the rules in the area. Land purchases are often made in cash because lenders are less inclined to provide a loan or a mortgage for undeveloped land.

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Land Sales Proof of funds Due diligence 83

Housing Wire

JUNE 2, 2022

Ginnie announced earlier this year that its Innovation Lab is exploring the use of blockchain and distributed-ledger technologies for potential future use in loan-pool issuance, servicing and bond management. “And on the other side, you see, well, that just means I’m going to make less when making a loan.

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Equity Due diligence Technology Investor 393

Realty Biz

SEPTEMBER 14, 2023

Attorneys ensure that the loan documentation is executed correctly, review the terms and conditions of the mortgage, and confirm that the property's title is clear and suitable for collateral. Can a Real Estate Attorney Assist with Mortgage Loans? This includes purchasing, selling, leasing, or developing retail properties.

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Purchase and sale agreement Title search Title Due diligence 99

HomeLight

JUNE 19, 2023

So whether you’re looking at a lease purchase or a lease option, it’s best to do your due diligence before getting too far. Plus, late payments could count against your credit score , which will need to be in top shape at the time of final purchase if you plan to get a mortgage loan. Now is the time to implement it.

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Purchase and sale agreement Debt-to-income ratio Due diligence Inspection 101

Housing Wire

JUNE 28, 2023

Fannie Mae explains in the document that RefiNow products are not limited to the same servicer as the original loan and notes the differences between RefiNow and HomeReady, the low down payment mortgage. Fannie Mae also created a separate document that compares the features and requirements of RefiNow and HomeReady. “At

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Due diligence Loans Finance Mortgages 370

Redfin

OCTOBER 10, 2023

Well testing for certain loans. Whether assessing centuries-old estates or newly developed properties, the critical aspect lies in delving beyond the surface to grasp the property’s complete state. Additionally, here are more specialized inspections: Mold assessment – Mold is a known health concern.

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