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 350

Due diligence Mortgages Principal Lending 350

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 348

Due diligence Mortgages Principal Lending 348

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. This year 80 honorees were selected.

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Principal Due diligence Lending Title 423

Housing Wire

MARCH 2, 2021

HousingWire spoke with Steve Greenfield, Altisource General Manager of Mortgage Real Estate Solutions, about the state of the mortgage market and how Altisource’s HomeVal solution is benefiting lenders. HousingWire: What are some due diligence and underwriting challenges loan originators face today? Altisource does.

Title 241

Title Lending Due diligence Title search 241

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’re not huge, but we’re not small either.”.

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Due diligence Mortgages Equity Loans 435

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 378

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 323

HomeLight

MARCH 30, 2021

As a buyer, that means you have to do your due diligence from both a practical and contractual perspective. What does due diligence mean in residential real estate? That’s why we’ve put together this guide to due diligence for a homebuyer. Free Homebuying Due Diligence Checklist.

Due diligence 101

Due diligence Inspection Title Pre-approval 101

Housing Wire

DECEMBER 12, 2022

The special purpose acquisition company announced Friday that it signed a non-binding letter of intent with the privately held $3-5 billion asset holding company with nationwide residential mortgage lending and servicing operations. “We United Wholesale Mortgage went public in January 2021 after merging with Gores Holdings IV.

Banks 341

Banks Mortgages Due diligence Technology 341

Realty Biz

OCTOBER 3, 2023

Among the various sectors, mortgage lending stands out as an area experiencing considerable transformation. This article delves into the myriad ways AI will affect mortgage lenders, examining the emerging trends, potential challenges, and the prospective landscape of the mortgage industry.

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Lending Mortgages Due diligence Technology 94

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 addition, a POS system isn’t shackled by the same need to cater to all aspects of lending as an LOS does. The LOS is a foundational piece of technology for every lender.

Lending 360

Lending Due diligence Technology Loans 360

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

JULY 27, 2021

Michael Franco: The last two years in the mortgage industry have certainly been unique. Volatility and dramatic shifts in market activity have forced participants across the mortgage lifecycle to embrace more agile business practices. trillion in origination volume and a continuation of tight lending spreads.

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Industrial Mortgages Lending Due diligence 382

Housing Wire

JANUARY 5, 2023

is the latest former business partner to sue Sprout Mortgage in a suit filed six months after the mortgage lender abruptly closed its doors. Loan America, a full-service mortgage company, relies on warehouse loans or lines of credit for loan funding, similar to many other non-QM lenders. California-based Loan America, Inc.

Loans 375

Loans Due diligence Loan Officer Mortgages 375

Housing Wire

NOVEMBER 16, 2022

By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Who wants to be in the mortgage business? Brian Hale, CEO of mortgage advisory partners.

Banks 398

Banks Mortgages Loan Officer Due diligence 398

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. It’s caused frustration for FGMC’s lending partners. Mispricing at FGMC? .

Loans 381

Loans Due diligence Fixed-rate mortgage Lending 381

Housing Wire

MARCH 16, 2022

California-based ICE Mortgage Technology announced this week two enterprise agreements to integrate its eClose solution to Maxwell and Roostify platforms, enabling a more streamlined closing process for lenders and borrowers. Encompass eClose will be part of the mortgage fintech Maxwell’s point-of-sale platform.

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Due diligence Loans Lending Technology 316

Housing Wire

DECEMBER 9, 2021

Investment bank Goldman Sachs , through its affiliate Goldman Sachs Mortgage Co., 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 billion, an analysis of bond-rating reports shows.

Loans 371

Loans Due diligence Mortgages Residential 371

Housing Wire

SEPTEMBER 6, 2022

The racial homeownership gap between Black and white Americans is wider than it was in 1960, and a combination of higher mortgage interest rates, rising home prices and an antiquated model for evaluating consumers’ ability to repay is exacerbating the problem. Understanding the language of cash-flow data.

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Due diligence Banks Finance Technology 410

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. mortgage market. Learn more here! Presented by: iEmergent.

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Due diligence Investor Loans Lending 238

Housing Wire

APRIL 20, 2022

eVaults are an integral part of any end-to-end digital mortgage transformation. within the mortgage ecosystem. What’s your company’s lending footprint? In addition to first mortgages, do you (or will you) offer HELOCs and closed-end seconds? One of the common misperceptions about eVaults is that they are just for storage.

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Lending Due diligence Investor Technology 290

Housing Wire

FEBRUARY 23, 2023

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? Having said that, we’re seeing continued strong interest in evaluating and purchasing mortgage closing platforms. Digital lending solutions also improve loan quality.

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Due diligence Technology Loans Lending 337

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. She joined CNBF after more than a decade with Seacoast Bank , where she served as senior vice president, residential lending production manager. 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

It plays an essential role in the economics of homeownership, ensuring that credit reaches those who need it and providing safeguards to those who lend it. The capital markets depend on the due diligence, transparency, and protection our industry provides to do its job.

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Title Title search Due diligence Land 506

Housing Wire

MAY 13, 2022

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. In near real time the blockchain data is replicated across the distributed ledger. Within that frame, digital meant efficiency.

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Due diligence Technology Banks Title 328

Housing Wire

APRIL 20, 2021

This general alignment matters a great deal as the FHFA, through their oversight of the GSEs, who have the vast majority of the market share, plays a key role in the conforming lending market being the de facto regulator. In these responses, I hear a lending industry clamoring for the freedom to use the “new tools” that already exist.

Technology 391

Technology Due diligence Lending Industrial 391

Housing Wire

JUNE 2, 2022

Morgan announced that it had settled its first tokenized transaction involving money-market fund shares as collateral — with plans to eventually pursue blockchain-based transactions for tokenized collateral involving equities and fixed-income securities, which include mortgage-backed securities (MBS). The stable coin, pegged to the U.S.

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Equity Due diligence Technology Investor 373

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. And now, thanks to these reforms, we live in an era of far greater mortgage banking controls and stability. This makes it more important than ever to consider how the U.S.

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Due diligence Loans Mortgages Development 408

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.

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Land Due diligence Title search Finance 126

Housing Wire

JUNE 18, 2021

Raj Dosaj: Whether you’re an individual looking for a new home or an institution trying to finance, lend to, or buy a large volume of homes, the pace of this housing market requires having as much information as possible, as early in the decision-making process as possible.

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Investor Due diligence Loans Technology 327

HomeLight

APRIL 30, 2021

Then it’s a matter of completing your due diligence: clearing the home’s title , getting a home inspection , confirming the home’s price (through an independent appraisal, if you choose), and closing the transaction. How buying with cash is different from a mortgage. But in general, cash is way faster than using a mortgage.

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Due diligence Finance Proof of funds Earnest money deposit 98

Realtor.com

AUGUST 13, 2020

Step 1: Getting mortgage pre-approval. If problems crop up—with the home inspection, appraisal, mortgage, or other things—then the real estate buying process could take even longer. Step 1: Get pre-approved for a mortgage. Keep in mind that mortgage pre-approval is different than mortgage pre-qualification).

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Pre-approval Pre-qualification Due diligence Loans 143

Marco Santarelli

OCTOBER 22, 2023

The last major housing market crash occurred in 2008, triggered by the subprime mortgage crisis and the global financial crisis. Here are some possible scenarios: A Sharp Rise in Interest Rates Low-interest rates make mortgages more affordable and stimulate demand for housing.

Marketing 52

Marketing Due diligence Investor Loans 52

CT Homes

DECEMBER 14, 2023

These are individuals or entities that purchase homes outright, without the need for mortgage approvals or lending institutions. While “we buy houses any condition” services can be incredibly beneficial, it’s essential to do your due diligence.

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Due diligence Staging Renovation Closing 65

HomeLight

JUNE 9, 2023

Also known as seller financing or a purchase-money mortgage , owner financing is an arrangement where the home buyer borrows some or all of the money to purchase the house from the current homeowner. In some cases, this occurs because the buyer doesn’t want—or can’t qualify for—a traditional mortgage from a traditional lender.

Finance 82

Finance Earnest money deposit Lending Loans 82

Realty Biz

JUNE 4, 2023

The current state of the real estate industry is certainly in flux, especially with mortgage rates climbing through the roof. Yet with the Federal Reserve actively combating inflation by raising the US base lending rate, property valuations will begin to decline once more buyers are priced out of the market.

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Due diligence Investor Industrial Commercial 83

Realtor.com

MARCH 15, 2021

This mandated seller financing package appears to me to be like subprime lending even though my wife and I have 750 and above credit scores and could qualify for today’s low mortgage rates. Typically, sellers who finance the home sale charge a higher interest rate than a traditional mortgage lender would.

Finance 70

Finance Due diligence Fixed-rate mortgage Lending 70