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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. That’s why it has to be done over and over again.”.

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Incenter acquires due diligence firm Edgemac

Housing Wire

Incenter is adding a third-party due diligence review firm to its umbrella of companies. Edgemac , which Incenter acquired at the end of last year, does due diligencing for mostly non-QM and jumbo loans, as well as private label reverse mortgages that could eventually be securitized. Presented by: Sagent Lending Technologies .

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Loan buybacks haven’t disappeared, but they are trending down

Housing Wire

ACES Quality Management , a fintech that provides quality-control software for the financial services industry, issued a Mortgage QC Industry Trends report with data through Q3 2023. That’s a much better outcome and solution for the industry.” The problem obviously is bad loans that lead to repurchase and indemnification.”

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The Mortgage Collaborative launches emerging technology fund

Housing Wire

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.

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Opinion: There is a crucial need for real estate cybersecurity

Housing Wire

Technology is at the core of everyday real estate operations. However, recent data breaches involving major players like loanDepot , First American Financial , and others have shed light on the vulnerability of sensitive information within the industry.

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The appraiser can’t be replaced by technology – Here’s why

Housing Wire

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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Underwriter shortage slowing the pace of private-label deals

Housing Wire

One group of industry players — loan underwriters — are the chief cause of the logjam. The same was the case with industry groups and regulators like the Mortgage Bankers Association , the National Association of Mortgage Underwriters and the U.S. About a half-dozen RMBS issuers also were contacted for this story, including J.P.