Housing Wire

NOVEMBER 29, 2021

The supply-chain bottleneck afflicting the global economy has its own counterpart in the world of residential mortgage-backed securities, also referred to as RMBS. One group of industry players — loan underwriters — are the chief cause of the logjam. 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 421

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. After accepting Sprout’s written offer, the parties started the due diligence process. Presented by: Polly.

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Due diligence Mortgages Principal Lending 358

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. After accepting Sprout’s written offer, the parties started the due diligence process. Presented by: Polly.

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Due diligence Mortgages Principal Lending 358

Housing Wire

APRIL 26, 2022

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. It’s an open platform. We saved our customers more than $80 million last year,” he said.

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Due diligence Mortgages Equity Loans 438

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. HousingWire: What sets Trelix apart from other mortgage fulfillment services?

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Due diligence Mortgages Title search Loans 377

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. We’re seeing good multiples [a measure of pricing on MSR pools], like 5.5

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Due diligence Marketing Loans Mortgages 384

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

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. However, the company said that positions are permanent past the current mortgage cycle.

Mortgages 412

Mortgages Due diligence Industrial Development 412

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.

Lending 415

Lending Mortgages Due diligence Debt-to-income ratio 415

Housing Wire

FEBRUARY 5, 2021

Altisource® is a leading and trusted provider of innovative solutions for servicers, originators and investors in the real estate and mortgage industries. Economical due diligence solutions for HELOC lenders, servicers and investors. #3. The post Mortgage Tech Demo Day: Altisource appeared first on HousingWire.

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Due diligence Title search Mortgages Title 252

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. territories.

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Investor Due diligence Loans Banks 297

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. This can cause problems for servicers in instances where loans are acquired with unknown, pre-existing property tax delinquencies missed in the due diligence phase.

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Due diligence Loans Industrial Investor 374

Housing Wire

NOVEMBER 30, 2020

The Mortgage Collaborative, an independent cooperative network in the mortgage industry, today announced the launch of TMC Emerging Technology Fund LP, a venture capital program funded by a self-selected segment of TMC members to capture opportunities driven by the rapid pace of technological change in the mortgage sector.

Technology 366

Technology Mortgages Due diligence Commercial 366

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. The panel noted the findings of the latest Fannie Mae mortgage lender sentiment survey.

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Due diligence Lending Technology Mortgages 390

Housing Wire

AUGUST 25, 2021

Prior to the Great Recession, private label securitizations (PLS) constituted a majority of all residential mortgage-backed securities (RMBS) issued. Since 2018, MISMO has been developing a modern, standardized data set to facilitate the electronic exchange of information to the credit rating agencies that analyze risks in mortgage assets.

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Due diligence Marketing Investor Finance 393

Housing Wire

APRIL 30, 2021

The same can be said about the mortgage industry as an ecosystem, and its technology as the coral reef. If mortgage professionals use different systems and software that don’t work well together, how can the mortgage ecosystem survive? Right now, the mortgage ecosystem is fractured. Fractured mortgage ecosystem.

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Due diligence Mortgages Technology Loans 302

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, senior vice president of operations support and operational risk for VRM Mortgage Services , offers strategies for doing just that, showing how VRM is growing and changing during these unique times. Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like?

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Due diligence Marketing Mortgages New Construction 352

Housing Wire

MAY 10, 2022

Eric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. In the end, some $850,000 in claims had to be paid on defaulted government-backed mortgages insured by the Federal Housing Administration (FHA). The problem: They did not qualify for the loans.

Mortgages 382

Mortgages Marketing Loans Finance 382

Realty Biz

SEPTEMBER 26, 2021

mortgage market, including lenders, investors and insurers, are woefully unprepared for accelerating climate change and the risk it brings. The world of housing finance involves a lot of players, not just mortgage originators and servicers. Becketti said the biggest problem now for mortgage stakeholders is the level of uncertainty.

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Industrial Mortgages Due diligence Investor 109

Realty Biz

MARCH 30, 2023

Regardless, there are many things that first-time home buyers aren't aware of when it comes to getting a mortgage. We've put together a brief mortgage guide with the key information you need to know. To get the best rate for your situation, be sure to look closely at each type of mortgage. Let's take a closer look.

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Mortgages Pre-approval Pre-qualification Due diligence 102

Housing Wire

DECEMBER 3, 2021

This week’s HW+ member spotlight features Reina Ramos, senior vice president, mortgage market leader at City National Bank of Florida. Below, Ramos answers questions about the housing industry: HousingWire: To start off, what is your current favorite HW+ article and why? There was so much information to absorb and retain.

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Due diligence Loan Officer Banks Industrial 382

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.

Title 506

Title Title search Due diligence Land 506

Housing Wire

AUGUST 12, 2022

A reperforming loan is a mortgage that has been or is currently delinquent but has been reperforming for a period of time. 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. million; and pool 3, $312.9

Loans 378

Loans Purchase and sale agreement Principal Due diligence 378

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.” In reality, the LOS is not the problem; the technology is doing exactly what it was designed to do.

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Lending Due diligence Technology Loans 371

Housing Wire

JUNE 28, 2022

Tech-fueled mortgage lender UpEquity just wants answers. . One week ago, problems emerged: FGMC’s loan approval, which usually took one business day after due diligence was completed, was taking four days. Questioned by UpEquity, FGMC answered that nothing was wrong; they would approve and buy the loans. . ” .

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Loans Due diligence Fixed-rate mortgage Lending 382

Housing Wire

APRIL 12, 2023

She added that if banks were “on the hook, and they had to reimburse consumers, then maybe they’ll do more due-diligence.”

Industrial 360

Industrial Banks Title Technology 360

Housing Wire

MAY 23, 2023

The growing wave of loan-repurchase requests from Fannie Mae and Freddie Mac has yet another major wrinkle, industry sources reveal, and this new problem, if accurate as alleged, threatens to disrupt future merger and acquisition (M&A) activity in the mortgage-finance industry.

Loans 352

Loans Purchase and sale agreement Due diligence Industrial 352

Realty Biz

NOVEMBER 16, 2023

Artificial intelligence (AI) is quickly becoming an integral part of the real estate technology industry. Lenddesk is touting Lender Spotlight AI as a powerful tool that can help mortgage professionals save time and find solutions faster for homebuyers.

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Due diligence Technology Industrial Development 91

Housing Wire

SEPTEMBER 21, 2021

Six months after raising capital, digital mortgage startup Maxwell announced Tuesday the launch of a trading platform to provide community lenders access to the secondary market, connecting these loan sellers to buyers. The industry veteran Sadie Gurley will lead Maxwell Capital. mortgage market. Learn more here!

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Due diligence Investor Loans Lending 245

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. Diagnosing low H4P uptake. of all endorsements in 2021. of all endorsements in 2021. Harlan Accola.

FHA loan 340

FHA loan Due diligence Loan Officer Loans 340

Housing Wire

MAY 13, 2022

For example, the DLT and smart contract structure for trade transaction settlement are encapsulated by the vested industry actors. Mortgage Industry and Blockchain: Early but Important Days. This is just a sampling – nearly every point of mortgage operational action and friction is subject to change at the hands of blockchain.

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Due diligence Technology Banks Title 334

Realty Biz

OCTOBER 3, 2023

The financial industry, characterized by its intricate networks and substantial data volumes, is undergoing a revolutionary shift under the influence of Artificial Intelligence (AI). Among the various sectors, mortgage lending stands out as an area experiencing considerable transformation.

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Lending Mortgages Due diligence Technology 94

Housing Wire

AUGUST 11, 2020

The most abhorrent racist practices, such as redlining, are officially prohibited, yet bias creeps into mortgage lending in myriad ways. The industry learned from the mistakes of the past and so did I, as well as the entire team at the Chenoa Fund. This makes it more important than ever to consider how the U.S.

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Due diligence Loans Mortgages Development 411

Housing Wire

FEBRUARY 16, 2023

LauraMac, a provider of mortgage loan review SaaS technology, has appointed Rick Seehausen as its chief strategy officer. Seehausen’s professional career spans nearly three decades in the mortgage industry. Seehausen also served as the CEO, founder, president, vice chairman at LenderLive Holdings and Preserve Financial, Inc.

Loans 301

Loans Principal Technology Development 301

Realty Biz

FEBRUARY 19, 2024

However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Careful due diligence is necessary to ensure you don't make any significant mistakes. Conducting thorough due diligence is the cornerstone of a successful land purchase.

Land 127

Land Due diligence Title search Finance 127

Housing Wire

JULY 6, 2022

The GSEs may also conduct due diligence and monitoring of the third-party risk management programs of their third parties. After industry pushback , the language was left out of the final version of the plan. But the GSEs do have some oversight mechanisms for fourth parties, through their relationship with third parties.

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Due diligence Finance Development Industrial 377

Housing Wire

APRIL 20, 2021

In fact, we are confident that these seasoned professionals will prove to be a valuable asset to the industry through the transition phase.” ” From the National Association of Home Builders (NAHB): “NAHB is a strong proponent of a sound and effective appraisal industry. ” The Value of the Human Appraiser.

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Technology Due diligence Lending Industrial 392