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The crypto-mortgage is the new kid on the block

Housing Wire

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. The financing for the initial deal was handled through a cryptocurrency lender called Helio Lending.

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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. And there’s just no way for due-diligence to really compete with that.”.

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How Blockchain Technology Is Revolutionizing The Property Market

Realty Biz

While blockchain has already been used in sectors like finance and logistics for many years, the technology is now being leveraged within the real estate sector. Portico Direct explains that the whole process of financing real estate is often filled with frustration with all kinds of credit, income, and identity checks.

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Fannie Mae unveils $997M reperforming loan offering 

Housing Wire

Loans in Pools 1 thru 3 are being serviced by New Residential Mortgage LLC , NewRez LLC and Fannie Mae — and subserviced by NewRez LLC, Fannie’s fact sheet on the deal states. The parent company of New Residential Mortgage, Caliber Home Loans and NewRez — New Residential Investment — earlier this summer was rebranded as Rithm Capital.). (The

Loans 384
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Opinion: Why aren’t more commercial brokerages seeking affiliated arrangements?

Housing Wire

Let’s face it: joint ventures (JVs) and affiliated business arrangements (ABAs) are all the rage in the residential real estate space right now. Market conditions have certainly trended downward for residential or commercial real estate. And why not? CRE firms are also suffering through the highest interest rates seen in years.

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7 best real estate schools in Massachusetts for 2024

Housing Wire

30 days to complete the course — Post-licensing CE $78 Online Course Packages, 12 Hrs Each: Includes 12 hrs of CE for MA featuring various combinations of six 2-hr classes C R Silver Package: Includes 12 hrs of CE for MA commercial real estate and residential continuing education. Mon – Sun course access. out of 5 stars Rating: 4.5

HR 399
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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. He also said his firm is working to “modularize” its approach to due-diligence reviews in the private-label space.