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.

Due diligence 382

Due diligence Mortgages Loans Residential 382

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 376

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.

Due diligence 367

Due diligence Mortgages Principal Lending 367

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 426

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 400

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 432

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 395

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. .”

Technology 397

Technology Due diligence Lending Industrial 397

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 382

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 440

Lending Mortgages Due diligence Debt-to-income ratio 440

Housing Wire

APRIL 30, 2021

The same can be said about the mortgage industry as an ecosystem, and its technology as the coral reef. In order for brokers and lenders to work together in symbiosis as organisms of this ecosystem, the technology must also allow for it. Right now, the mortgage ecosystem is fractured. Fractured mortgage ecosystem.

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Due diligence Mortgages Technology Loans 306

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. The LOS is a foundational piece of technology for every lender.

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Lending Due diligence Technology Loans 396

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.” said technology exists to help protect against BEC threats, adding that being oblivious to the threat only compounds it. “If With technology, we can minimize it, but fraud is not going to go away.

Industrial 377

Industrial Banks Title Technology 377

Realty Biz

MARCH 15, 2021

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. This is why the entire real estate industry is being revolutionized right beneath our feet. Image Credit: Unsplash. Intermediaries.

Technology 145

Technology Due diligence Title Marketing 145

Housing Wire

MAY 13, 2022

The key difference in Blockchain, distributed ledger technologies (DLT) and related crypto-technologies today is we now understand how these technologies must adapt and are adapting to the world as it is. Emerging distributed ledger technologies are forming a consensus-based approaches to the blockchain within business domains.

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Due diligence Technology Banks Title 349

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. Launched in 2019, the company’s technology serves companies that acquire assets in the secondary market.

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Loans Principal Technology Development 330

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 384

Loans Purchase and sale agreement Principal Due diligence 384

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. mortgage market.

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Due diligence Investor Loans Lending 263

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

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.

Lending 94

Lending Mortgages Due diligence Technology 94

Housing Wire

MAY 26, 2023

But as the housing industry has gotten better at tackling it, fraudsters have been hard at work developing more creative scams. Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. “We Oftentimes this leads to the discovery of vacant lots.

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Title Land Due diligence Sales 380

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 366

Housing Wire

APRIL 24, 2024

HousingWire is excited to announce this year’s Rising Stars, representing the next generation of leaders in mortgage and real estate. 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.

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Principal Due diligence Lending Title 432

Housing Wire

MAY 20, 2022

The residential mortgage origination process is very complex and origination and underwriting mistakes can be very costly, so lenders need to make sure they’re mitigating every possible risk related to the borrower and property. That’s why due diligence is a critical element of every mortgage transaction.

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Due diligence Loans Residential Technology 366

Real Trends

JUNE 16, 2022

RealTrends has aggregated some of the more popular options: RealTrending is RealTrend’s podcast, offering trends, analysis and success stories from leaders in the real estate industry. Available through Apple Podcasts. The post 21 Must-listen real estate podcasts appeared first on RealTrends.

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Due diligence Investor Loan Officer Agents 79

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 358

Housing Wire

APRIL 16, 2021

As HousingWire reported earlier this year, 2021 will be a year of heightened M&A activity — and not just for mortgage lenders and originators. As the refinance wave gives way to a purchase market, consolidation is already upon us – even in the title industry. The post M&A in the title industry? It has already started.

Title 367

Title Industrial Due diligence Technology 367

Housing Wire

NOVEMBER 16, 2022

By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 trillion in volume, according to industry forecasters. But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. trillion to $1.7 trillion.

Banks 409

Banks Mortgages Loan Officer Due diligence 409

Housing Wire

MARCH 15, 2024

In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. Office buildings, retail spaces, industrial complexes and other CRE properties generally command higher price tags and offer greater revenue-generating potential compared to residential properties.

Commercial 403

Commercial Brokerage Due diligence Title 403

Housing Wire

JUNE 2, 2022

Morgan CEO Jamie Dimon is famously no fan of crypto, the bank dove into the enigmatic world of blockchain-based finance in 2020 with the launch of Onyx , a business unit devoted to exploring and expanding the use of blockchain technologies. . also recognize the industry-changing potential of blockchain-enabled technology.

Equity 394

Equity Due diligence Technology Investor 394

Housing Wire

MARCH 27, 2024

Clear Capital , a real estate valuation technology company, has broadened its collaboration with data management platform Cherre , the companies announced on Wednesday. Single-family rental (SFR) investors also rely on AVMs to assess asset portfolios, guide leasing and sale decisions, and ensure thorough due diligence. “We

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Due diligence Investor Residential Commercial 413

Broke Agent Media

FEBRUARY 16, 2023

Since then, property scams have evolved, and advances in technology have made it easier. Fortunately, technology can also help agents and other industry professionals, as well as legitimate buyers and sellers, to stop scammers before they cash in. What they won’t do is require a Due Diligence fee.

Land 98

Land Title Agents Due diligence 98

Housing Wire

FEBRUARY 23, 2023

HousingWire recently spoke to Kevin Wilzbach, director, product management at Wolters Kluwer, about the adoption of digital technology and the future of eNotes. HousingWire: What kind of impact has the overall deceleration of the mortgage market had on the adoption of digital technology over the past few quarters?

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Due diligence Technology Loans Lending 370

Housing Wire

APRIL 20, 2022

eVaults are an integral part of any end-to-end digital mortgage transformation. within the mortgage ecosystem. What steps should a lender take before investing in eVault technology? In addition to first mortgages, do you (or will you) offer HELOCs and closed-end seconds? Deciding on an eVault provider.

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Lending Due diligence Investor Technology 331

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. Securities backed by the loans are then issued and sold to investors.

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Due diligence Marketing Loans Mortgages 365

HomeLight

MARCH 30, 2022

According to the loan software firm ICE Mortgage Technology, it took 54 days on average to close a home purchase loan in December 2021. Turnaround time for a cash sale typically takes as little as one to two weeks because you bypass the most time-consuming steps of a buyer getting a mortgage and appraisal.

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Sales Investor Renovation Due diligence 101

Housing Wire

JULY 29, 2021

HousingWire recently spoke with LERETA CEO John Walsh about why these tax lien problems exist, what role technology plays, and why tax services need business continuity plans. The high loan volumes in the last 12 months have left some borrowers and servicers facing issues related to real estate taxes. Why don’t servicers have them?

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Due diligence Technology Loans As-is 407