Industry veterans launch Canopy in bid to shake up residential due diligence space

Housing Wire

Residential due diligence is an area of the mortgage ecosystem that’s overdue for disruption, according to two industry veterans who want to offer something completely different in the due diligence space through their newly launched company, Canopy.

Due Diligence For Home Buyers: What You Need to Check

Maximum Exposure Real Estate

Check For Potential Issues When Buying Your First House Do you understand what’s needed for due diligence in real estate to be completed? The post Due Diligence For Home Buyers: What You Need to Check appeared first on Massachusetts Real Estate Exposure.

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Underwriter shortage slowing the pace of private-label deals

Housing Wire

Underwriters are needed at the beginning of the process to conduct due diligence on mortgage originations, and they are in demand on the back-end of the pipeline to conduct due diligence on the loans being pooled and securitized in RMBS issuances sold to investors.

Private-label loan-vetting comes up short

Housing Wire

As part of that, it’s important to understand that the due-diligence reviews performed on loan pools assembled for securitizations often make use of a process called loan sampling.

SitusAMC creating safety net for the private-label market

Housing Wire

SitusAMC, a leading provider of services and technology to the real estate industry, controls some 60% to 70% of the due-diligence loan-review market, according to its CEO, Michael Franco. SitusAMC CEO Michael Franco.

Startup profile: LauraMac

Housing Wire

Launched just this year, LauraMac provides a suite of configurable products to enable collaboration that will transform the way due diligence is performed in the mortgage industry. Fintech Magazine Secondary Market Tech Due diligence HWplus LauraMac secondary technology startup

The least sexy and most important part of real estate…due diligence!

The Living Room

Due diligence. Many buyers may understand the due diligence that comes after an accepted offer: conducting inspections and reviewing the property disclosures and preliminary title report. But a lot of due diligence can be done prior to making an offer (or seeing a home).

Do You Have to Disclose a Death in a House?

Realtor.com

Sell disclosure due diligence murder updatesMost sellers know that they have to disclose physical defects like a faulty foundation or mold infestation, but do you have to disclose a death in a house? The post Do You Have to Disclose a Death in a House? appeared first on Real Estate News & Insights | realtor.com®.

Passive Real Estate Investing with Jim Ingersoll and Paul White

Investing Now Network

Why “Due Diligence” is important. Passive Real Estate Investing with Jim Ingersoll and Paul White. Paul White is a Richmond, VA native and an orthodontist that found his way into passive investing in real estate.

Shoring up the mortgage underwriter shortfall

Housing Wire

The imbalance has been particularly acute for third-party due diligence (TPR) firms that employ underwriters to review and assess the quality of loan pools used as collateral in private-label securitization deals.

Competition for mortgage underwriters has never been fiercer

Housing Wire

We’ve grown in excess of 100 employees already in two-and-a-half quarters, that’s underwriters,” said John Levonick, CEO of Charlotte-based Canopy , a third-party due-diligence (TPR) firm that started doing business in the second quarter of 2021.

Mortgage Tech Demo Day: ICE Mortgage Technology

Housing Wire

New partners and enhancements launched regularly including ability to respond to conditions from Encompass, access to warehouse lending, due diligence, QC and Bid Tape services. Encompass Investor Connect.

Mortgage Tech Demo Day: Altisource

Housing Wire

Economical due diligence solutions for HELOC lenders, servicers and investors. #3. Altisource. Altisource® is a leading and trusted provider of innovative solutions for servicers, originators and investors in the real estate and mortgage industries.

5 Tips for Finding a Good Development Project

Real Estate Investar

Here are some factors you should consider in your research and due diligence Purchasing a good development can help you gain a positively geared property for your portfolio.

Covius to acquire Nationwide Title Clearing

Housing Wire

“Our robust solutions span origination, servicing and capital markets segments, offering loss mitigation and loan modification services, document and critical borrower communications, title and settlement services, auction and REO asset disposition, verifications and due diligence.

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North Carolina’s low home prices luring buyers

Housing Wire

“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.” ” The current average due diligence is around 3.1%

Mortgage Tech Demo Day: Altisource

Housing Wire

Vendorly, a proprietary SAAS product developed by Altisource, is a comprehensive vendor management solution that manages vendor due diligence, document maintenance, monitoring and audits. Vendorly.

New MISMO standards are critical to a growing PLS market

Housing Wire

MISMO’s new standard will improve the quality and consistency of the data sent to the rating agencies, which will in turn lead to faster, more efficient, and more accurate due diligence for private label RMBS.

Goldman Sachs plants its flag in the jumbo-loan gold rush

Housing Wire

Michael Franco, CEO of SitusAMC , which provides due-diligence services to RMBS issuers, said market dynamics have played a major role in the dominance of jumbo-loan securitizations in the private-label market this year.

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How hybrid title and valuations help increase lending efficiency

Housing Wire

HousingWire: What are some due diligence and underwriting challenges loan originators face today? Steve Greenfield: Lenders have always faced certain challenges when meeting necessary due diligence and providing accurate underwriting services.

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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.

Mortgage loan-trading platforms prepare for fall in volume

Housing Wire

The companies behind these platforms – ranging from stalwarts like Black Knight and MCT , to startups such as Maxex and Maxwell – essentially connect lenders and investors, and also match them with critical services such as paper standardization and due diligence.

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Just Listed! Developer’s Opportunity in St. Johns!

The Living Room

Buyer to do their own due diligence. 6832 N Seneca St. Portland, OR 97203. A developer’s dream, N Seneca is full of opportunity! Built-in 1925, sitting on 0.21 acres, and zoned R2.5, the possibilities to recreate are wide open.

Proptech Job Opportunity: Analyst, Strategic Investments

GeekEstate

Duties and Responsibilities : Support the Senior Associate in all their responsibilities (deal pipeline, financial modeling and reporting, due diligence, negotiations, liaise with legal counsel etc.). Conduct due diligence and provide financial analysis to support investment decisions.

Mistakes that land salespeople in litigation

REM Online

Too many court cases involving agents are a result of one common denominator – not doing due diligence. The following content may have been republished here without the author's permission.

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4 Things Everyone Needs to Know Before Purchasing Real Estate

RISMedia

By Lizzie Weakley If you want to buy a house in today’s competitive market, it only makes sense to do your due diligence. There are so many moving parts that come into play when buying and selling real estate, that understanding all the tenets of each step is essential.

What to Consider When Choosing a Website Vendor

Real Trends

Your brokerage will likely have an ongoing relationship with the vendor, so it's important to take the time and do the necessary due diligence before pulling the trigger. When it comes to real estate websites, it is vital to choose a vendor that fits the vision of your firm.

Evolve Mortgage opens another 100 underwriting positions

Housing Wire

in both its frontline underwriting and due diligence/QC underwriting departments.

Meet The Real Estate Tech Entrepreneur: Anthony Romano from CREtelligent

GeekEstate

Our CRE due diligence platform and services expedite transaction times for all participants in the commercial real estate ecosystem. Our goal is to empower the CRE industry by solving the time-consuming due diligence processes ruled by manual, disconnected practices.

M&A in the title industry? Don’t make these mistakes

Housing Wire

For those in the title industry seeking to build an M&A strategy, you probably already have a plan; perhaps a consultant and a (hopefully) great attorney or compliance consultant to handle the ins and outs of due diligence, valuation and the acquisition or merger itself.

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Zillow Offers As A Proxy For 'Big Data' Shows The Lack Of Qualitative Analysis

Miller Samuel

The iBuyer bold-faced name is OpenDoor who was the unicorn of Softbank who famously backed WeWork without any apparent due diligence. Yes, big data usually infers 'quantitative' analysis, as in "relying on numbers."

What to Consider When Choosing a Website Vendor

Real Trends

Seeing as your brokerage will likely have an ongoing relationship with the vendor, it is of utmost importance to take the time and do the necessary due diligence before pulling the trigger. When it comes to real estate websites, it is vital to choose a vendor that fits the vision of your firm. website rankings Technology website

Stepping up the fight against fraud in mortgage lending

Housing Wire

The COVID-19 pandemic, coupled with skyrocketing refinance applications due to a low interest rate environment, have created a perfect storm for fraud. Wherever there is commerce, there will be fraud, and the mortgage industry is no exception.

What Happens if There Was a Murder in a Home We Bought?

Hank Miller Team

Well in Georgia, unless the buyer specifically asked the seller about this during due diligence, nothing happens. And if the buyer waives the due diligence period to "win" in a multiple offer situation.sorry. What happens if there was a murder in a home we bought?

Overlook Bungalow with Room to Grow

The Living Room

ADU POTENTIAL (buyers due diligence). 1646 N Killingsworth | Portland. Offered at $495,000 | ML # 21161149. 3 Bedrooms | 2 Baths | 2107 SF. This home has all the lovely 1920s original craftsman charm, dreamy built-ins, oak hardwoods, bathroom tile and gas fireplace.

The mortgage ecosystem is fractured – Here’s how to fix it

Housing Wire

We can work with lenders to prepare their portfolios for secondary market trading through due diligence services, valuations and brokerage activity. Together, ReadyPrice and SitusAMC connect new origination markets directly to the secondary market by combining their technology offerings, connectivity throughout secondary markets and ability to provide processing, underwriting and due diligence services. “In

What to Look Out for when Working with Cash Buyers

CT Homes

When a buyer submits a “Non-Contingent” offer, they are essentially forfeiting any and all of their privileges to perform due diligence on a property they’re interested in. The more complex a project, the more time a buyer may need to perform due diligence.