Housing Wire

NOVEMBER 29, 2021

One group of industry players — loan underwriters — are the chief cause of the logjam. Morgan , Goldman Sachs , Redwood Trust and United Wholesale Mortgage , as well as loan aggregator MAXEX , and all either declined comment or did not respond. About a half-dozen RMBS issuers also were contacted for this story, including J.P.

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Due diligence Loan Officer Loans Mortgages 416

Housing Wire

DECEMBER 20, 2021

has long been a major player in the private-label securitization market, and it sees a looming problem brewing in the housing industry. That issue is about boundaries — specifically, the line drawn between the roles of private industry and the government in the housing market.

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Loans Due diligence Finance Mortgages 374

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

Loans 377

Loans Due diligence Mortgages Residential 377

Housing Wire

JUNE 28, 2022

Roughly a year ago, the Austin-based fintech began to sell its loans to First Guaranty Mortgage Corporation (FGMC), a lender and investor that specializes in non-qualified mortgage loans and is controlled by behemoth investment management firm Pacific Investment Management Company (PIMCO). . ” . Mispricing at FGMC? .

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Loans Due diligence Fixed-rate mortgage Lending 382

Housing Wire

MAY 17, 2023

Incenter Diligence Solutions , a provider of due diligence and document management services for the mortgage industry, announced on Wednesday that it has expanded offerings for the mortgage servicing rights (MSR) trading market. The firm also offers individualized reporting and document delivery services.

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Due diligence Loans Mortgages Technology 336

Housing Wire

SEPTEMBER 13, 2023

The mortgage servicing rights (MSR) market has been very active this year, with robust deal flow that is on par with last year’s record $1 trillion in trading volume and with generally good pricing for MSR packages, industry experts agree. He also stressed that the elephant in the room is agency loan-repurchase demands. “On

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Due diligence Marketing Loans Mortgages 381

Housing Wire

JANUARY 6, 2023

The mortgage servicing industry landscape is shifting. For over a decade, the industry has experienced growth from two primary sources. The first, and more traditional source, is organic growth through new loan originations. What risks are incurred through the acquisition of a loan portfolio?

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Due diligence Loans Industrial Investor 369

Housing Wire

MAY 29, 2024

And it seeks to expand the number of available loan officers and strategic development tools to continue building on the momentum that company executive say they’re seeing in the space. ” Clow: How does your team approach bringing these traditional loan officers up to speed with reverse? We want to see what that person is about.

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Loan Officer Mortgages Due diligence Loans 308

Housing Wire

MAY 20, 2022

That’s why due diligence is a critical element of every mortgage transaction. The purpose of due diligence is to protect lenders by reviewing and verifying all information provided by borrowers to eliminate fraud and other concerns. Make sure they also can scale to your specific loan needs. Product diversification.

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Due diligence Loans Residential Technology 331

Housing Wire

AUGUST 19, 2020

Taken from the August issue of HousingWire Magazine, LauraMac is looking to increase the technology available to mortgage loans after the closing table. 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.

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Due diligence Technology Loans Mortgages 423

Housing Wire

JULY 27, 2021

Michael Franco: The last two years in the mortgage industry have certainly been unique. Origination volume doubled expectations and wide gain-on-sale margins brought on by record low mortgage rates forced the industry to increase their capacity to meet surging loan demand.

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Industrial Mortgages Lending Due diligence 382

Housing Wire

APRIL 24, 2024

The Rising Stars award recognizes the emerging leaders in the industry who have demonstrated rapid career growth and an ability to lead, achieving remarkable milestones all before the age of 40. HousingWire is excited to announce this year’s Rising Stars, representing the next generation of leaders in mortgage and real estate.

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Principal Due diligence Lending Title 423

Housing Wire

MARCH 28, 2024

During a refinance , homeowners receive a new loan, and title insurance provides assurance that a lender’s investment is protected. Title insurance protects against many risks that may have occurred between an old and new loan, such as fraud or a lien from a debt that was not paid off. In 2022, the industry paid more than $596.1

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Title Due diligence Title search Industrial 407

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 338

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.

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Due diligence Mortgages Loans Residential 346

Housing Wire

JUNE 15, 2023

National mortgage loan subservicer Cenlar FSB announced on Thursday that it has named the Thomas Donatacci as its investor relations officer. Donatacci has extensive experience in servicing transactions and subservicing, due diligence, and M&A. chief of staff at Impac Holdings Inc. chief of staff at Impac Holdings Inc.

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Investor Due diligence Loans Banks 292

Housing Wire

MARCH 22, 2024

Property preservation company MCS is entering the reverse mortgage space after its acquisition of Five Brothers Asset Management Solutions , a deal which brings MCS into the reverse mortgage industry for the first time. Chris Clow/RMD: How much did Five Brothers’ position in the reverse mortgage industry play into the decision to acquire it?

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Due diligence Mortgages Industrial Property Management 366

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. 15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. 20, 2022, to Feb.

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Due diligence Mortgages Principal Lending 355

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. 15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. 20, 2022, to Feb.

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Due diligence Mortgages Principal Lending 354

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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Due diligence Marketing Investor Finance 393

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. It’s an open platform.

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Due diligence Mortgages Equity Loans 437

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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Due diligence Mortgages Title search Loans 373

Housing Wire

MARCH 23, 2021

Wherever there is commerce, there will be fraud, and the mortgage industry is no exception. The full extent of fraud in the mortgage industry may be impossible to fully quantify, but the 2020 True Cost of Fraud study by LexisNexis Risk Solutions estimated that the cost of fraud has risen 7.3% across U.S.

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Lending Mortgages Due diligence Debt-to-income ratio 410

Housing Wire

JUNE 21, 2022

As someone who spent a career in the title insurance industry – both as a builder of a title business and leader of the industry’s trade group, — I am proud of the role we play in helping to protect what most Americans consider the biggest purchase of their lives. Real estate is a $3 trillion industry in the United States.

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Title Title search Due diligence Land 506

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.

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Due diligence Lending Technology Mortgages 385

Housing Wire

APRIL 30, 2024

The truth is the cost of title insurance coverage has decreased nearly 8% over the last two decades due to innovation in the industry. Success in the title insurance industry is measured by preventing claims in the first place. When a homeowner refinances, they obtain a new loan.

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Title Due diligence Title search Principal 343

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans.

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Due diligence Marketing Mortgages New Construction 346

Housing Wire

MARCH 2, 2021

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. With the pandemic, they can be even more difficult these days.

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Title Lending Due diligence Title search 243

Housing Wire

JANUARY 5, 2022

SitusAMC subsidiary Securent is expanding its reach into the private-label market with plans to soon introduce a loan-defect insurance product for residential mortgage-backed securities (RMBS) transactions, according to executives from both companies. Nobody else has done loan-defect insurance for securitizations yet.”.

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Due diligence Marketing Loans Mortgages 330

Housing Wire

MARCH 17, 2022

These multiple market pressures have fueled rate volatility and accompanying pricing-execution pressures that have led to a difficult beginning of the year for the private-label securities (PLS) market, according to market experts, and, as a side effect, sparked a more robust market for whole-loan sales — with loans often being sold at a discount.

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Loans Marketing Due diligence Residential 290

Housing Wire

SEPTEMBER 6, 2022

A holistic underwriting process that incorporates financial data from multiple vectors — disposable income, discretionary income and credit score — can offer greater protection from the risk associated with originating and manufacturing a loan while providing a more vivid picture of borrowers’ true Ability to Pay, which FormFree calls ATP.

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Due diligence Banks Finance Technology 416

Housing Wire

NOVEMBER 13, 2023

In the world of mortgage lending, there’s an all-too-common sentiment that echoes through the industry: “My loan origination system (LOS) sucks.” Adjust your expectations At its core, an LOS is designed to serve a very specific purpose: ensuring that lenders can originate compliant and sellable loans.

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Lending Due diligence Technology Loans 367

Housing Wire

JULY 11, 2022

Calabria, described in the news release from an Evolve representative as an “elite industry legend and luminary,” frequently drew the ire of the mortgage industry for policies many viewed as disruptive. The key to attracting and retaining mortgage talent in turbulent times.

Mortgages 352

Mortgages Due diligence Finance Loans 352

Housing Wire

APRIL 30, 2021

The same can be said about the mortgage industry as an ecosystem, and its technology as the coral reef. Because of this, originators are having to mimic technology companies instead of focusing on buying and selling, underwriting credit risk and servicing loans. “No

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Due diligence Mortgages Technology Loans 302

Housing Wire

APRIL 12, 2023

Ike Suri is chairman and CEO of FundingShield , a loan-level fraud prevention and risk management company that offers tech-based solutions to help clients securely manage funding processes and avoid wire-fraud schemes. Underreporting [of BEC fraud] is huge,” Suri said.

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Industrial Banks Title Technology 356

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 411

Housing Wire

AUGUST 31, 2022

But between the shift to an online business landscape brought on by the pandemic and increasing demand for digital-first solutions, the mortgage industry was quick to adapt to the new normal of conducting transactions through the virtual world. The fintech solutions today may have been unimaginable just a few years ago.

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Due diligence MLS Equity Mortgages 292