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

Housing Wire

The report defines a critical defect as one that “would result in the loan being uninsurable or ineligible for sale.” He stressed that the AI system is still in development and not in general use at this point. One of the QC efforts now underway to stem agency loan repurchase demands was launched by Fannie Mae this past September.

Loans 394
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Do the Due: A Complete Due Diligence Guide and Checklist for Homebuyers

HomeLight

As a buyer, that means you have to do your due diligence from both a practical and contractual perspective. What does due diligence mean in residential real estate? That’s why we’ve put together this guide to due diligence for a homebuyer. Free Homebuying Due Diligence Checklist.

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Regulation hasn’t caught up to generative AI

Housing Wire

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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North Carolina’s low home prices luring buyers

Housing Wire

” Redfin pegs the average list price for a home at $325,000 in Raleigh, with sales prices averaging $333,000 — up 10.7% “Plus, we’re a due diligence state, so right now if you don’t go way over listing price and offer a substantial due diligence price, there’s no point in even submitting an offer.”

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How one mortgage fulfillment service increases efficiencies while minimizing risks

Housing Wire

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. HousingWire: How do Trelix services help users minimize risks and perform loan due diligence?

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ICE integrates Maxwell and Roostify to eClose solution

Housing Wire

Encompass eClose will be part of the mortgage fintech Maxwell’s point-of-sale platform. 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 Presented by: Notarize.

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The crypto-mortgage is the new kid on the block

Housing Wire

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. LauraMac is a software as a service, or SaaS, firm that provides due-diligence automation tools for the secondary market. Oasis Pro Markets is a U.S.-regulated