Housing Wire

APRIL 18, 2024

The report defines a critical defect as one that “would result in the loan being uninsurable or ineligible for sale.” According to the ACES report, the critical-defect rate declined from 2.47% in third-quarter 2022 to 1.67% in Q3 2023, the most recent data available.

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Loans Due diligence Investor Technology 448

Housing Wire

JANUARY 6, 2023

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. Some of these risks include: Minimum due diligence on a new loan population incurred from the previous servicer “Pre-existing” conditions (e.g.

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Due diligence Loans Industrial Investor 448

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: How do Trelix services help users minimize risks and perform loan due diligence?

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Housing Wire

OCTOBER 10, 2023

“We’ve wanted to bring our company to the next level for a while now, and by joining Compass, we know we can do that through increasing brand awareness and our average sales price,” Pimentel said in a statement. She continued: “We did our due diligence and reviewed other brokerages. million in sales volume in 2022.

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Due diligence Brokerage Branding Agents 435

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 383

HomeLight

JANUARY 14, 2025

For Macon homeowners seeking a fast and hassle-free sale, selling to a cash buyer may be a practical solution. With the recent slowdown in the Macon housing market due to high interest rates, now may be an opportune time to explore a cash sale, especially if you prioritize a quick and seamless transaction.

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Proof of funds Sales Due diligence Banks 95

Housing Wire

SEPTEMBER 13, 2023

On the margins, though, particularly with smaller struggling lenders, repurchase risk can result in more loans being excluded from MSR pools offered for sale. With bulk sales of MSRs handled outside the agencies, however, bifurcation of liability is generally not in available. “So, Is it affecting the MSR market? “I

Due diligence 418

Due diligence Marketing Loans Mortgages 418

HomeLight

JANUARY 14, 2025

If you’re a Boston homeowner looking for a quick sale without the complexities of a traditional listing, working with a cash buyer may be your best option. If you prioritize speed and simplicity, this could be a great time to consider a cash sale. Receive your offer in 24 hours and close in as few as 10 days.

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Proof of funds Sales Due diligence Banks 97

Housing Wire

APRIL 26, 2022

“I do think on the correspondent side and beyond, there’s definitely an opportunity, even for existing mortgage companies that are really good at the sales and marketing side, but maybe not so good at the back-end processing and all that. That’s what we built our system to do [for crypto and traditional mortgages].”.

Mortgages 476

Mortgages Due diligence Equity Loans 476

HomeLight

NOVEMBER 28, 2024

Sell Your House Fast in Stockton With a Cash Offer Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Do your due diligence If you’ve found a cash buyer you’re considering selling your house to, it’s important to thoroughly vet that company or individual to make sure they’re legitimate.

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Proof of funds Due diligence Sales Investor 111

Housing Wire

MAY 15, 2024

The transaction is subject to due diligence, negotiation of definitive terms and other closing conditions. The sale is expected to close in the third quarter of 2024. On Tuesday, NYCB said it entered into a commitment letter with JPMorgan.

Loans 468

Loans Mortgages Due diligence Banks 468

HomeLight

NOVEMBER 27, 2024

In this guide, we’ll explain how to find and sell to Virginia Beach cash home buyers and walk you through the entire cash sale process. Sell Your House Fast in Virginia Beach With a Cash Offer Get an all-cash, no-obligation offer on your Virginia Beach home through HomeLight’s Simple Sale platform whenever you’re ready.

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Proof of funds Sales Due diligence Investor 98

Housing Wire

OCTOBER 16, 2023

Vendors might not be as experienced with utilizing AI, so asking due diligence questions for for data security is also key, Joseph Zeibert, vice president of FICO , pointed out. “Lenders will have to work with legal, risk, compliance and IT to define AI governance before implementing AI technologies,” Buschman said.

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Due diligence Lending Technology Mortgages 487

Housing Wire

MARCH 27, 2024

Single-family rental (SFR) investors also rely on AVMs to assess asset portfolios, guide leasing and sale decisions, and ensure thorough due diligence. “We Cherre customers will now have the advantage of utilizing ClearAVM’s nationwide coverage to pinpoint investment opportunities that align with their investment criteria.

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Due diligence Investor Residential Commercial 459

Housing Wire

JUNE 28, 2024

Some members of REcolorado went public with the sale on Monday, seemingly prompting today’s action. DMAR and SMDRA acknowledged the sale in a statement Tuesday night , seeking to reassure its members. Sale price and timeline for the completion of the transaction were not disclosed.

MLS 435

MLS Due diligence Brokerage Equity 435

HomeLight

NOVEMBER 12, 2024

Is this a legal safety net that protects you against all liabilities in a home sale? In this post, we’ll explain what caveat emptor means, which states apply it to home sales, and how sellers can approach it wisely to protect themselves. Which states apply caveat emptor in home sales? What’s the origin of caveat emptor?

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Sales Due diligence Inspection As-is 98

Housing Wire

MARCH 15, 2024

CRE assets are subject to a myriad of regulatory requirements, zoning laws, and environmental considerations that don’t apply to home sales, requiring thorough due diligence and compliance measures. The key to it all is, for CRE partners, to do the deep due diligence required for selecting such an important partner.

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Commercial Brokerage Due diligence Title 448

HomeLight

JANUARY 23, 2025

New York Citys housing market has slowed but remains strong , with the Bronx seeing increases in both sales and home prices over the past year. If speed and convenience are your top priorities, this could be an excellent time to explore cash sale options. Receive your offer in 24 hours and close in as few as 10 days.

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Proof of funds Sales Due diligence Banks 98

Housing Wire

MARCH 16, 2022

Encompass eClose will be part of the mortgage fintech Maxwell’s point-of-sale platform. Maxwell connected the popular Encompass LOS to its point-of-sale platform in 2019. Maxwell looks to digitize the entire mortgage transaction with fulfillment, payments, and due diligence solutions. Presented by: Notarize.

Due diligence 397

Due diligence Loans Technology Lending 397

Housing Wire

OCTOBER 7, 2024

Overall, Ludden sees more discussions involving the sale of entire mortgage companies, not only asset purchases, which was the case in past deals. That’s because stock purchases offer the advantage of retaining sales teams and integrating them smoothly under the parent company’s structure.

Industrial 417

Industrial Mortgages Due diligence Technology 417

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. TF: Effective risk management in REO asset sales involves awareness of the intrinsic risks.

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Due diligence Marketing Mortgages New Construction 435

Housing Wire

JULY 10, 2024

In addition to general advisory consulting, I was involved in nearly 1,000 sales or acquisitions of entities in this industry. Like many, I read with some interest the controversy surrounding the announced sale of REColorado, a Denver market area MLS , by its two shareholders to a private group.

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Purchase and sale agreement Due diligence MLS Brokerage 435

HomeLight

JANUARY 16, 2025

Cash buyers in Augusta, Georgia, provide a convenient option for homeowners seeking a quick sale. Although the local housing market has cooled slightly in recent months, it may still be a good time to consider a cash sale, especially if you prioritize a fast and seamless transaction. No showings, no repairs, no open houses.

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Proof of funds Due diligence Sales Banks 97

Housing Wire

MAY 16, 2023

” Richmond, Virginia-based LenderSelect Mortgage Group, which provides mortgage loan solutions to lenders, closed its sale to Blue Ridge Bankshares Inc. We have everything from the point of sale, quality control to due diligence as we offer services across the entire origination value chain,” Paasonen said.

Mortgages 418

Mortgages Due diligence Banks Technology 418

Housing Wire

APRIL 24, 2024

Almeida Realtor- Team Leader The American Dream Group Coldwell Banker Abhishek Shende Senior Principal Software Engineer Zillow Group Adi Pavlovic CEO Newzip Alnur Kassim-Lakha Director Mile Rock Capital Amy Macken Senior Vice President, Due Diligence Operations Consolidated Analytics Anaid Chacón Senior Vice President of Product Argyle Mortgage Arkadiusz (..)

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Principal Due diligence Lending Title 459

Housing Wire

AUGUST 12, 2022

Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million. The reperforming-loan sale is slated to close by late October 2022, after due-diligence period. billion — or a bit more than half of the RPL sales by loan count and $5.7

Loans 397

Loans Purchase and sale agreement Principal Due diligence 397

HomeLight

MARCH 12, 2025

If youre a homeowner in Maui looking for a fast sale without the complexities of a traditional listing, selling to a cash buyer might be your best bet. With signs of a cooling market , now could be a great time to explore cash sale options especially if convenience and a quick closing are your top priorities.

Proof of funds 81

Proof of funds Sales Due diligence Banks 81

Housing Wire

MARCH 21, 2022

It’s one thing to throw buzzwords like “due diligence” around when the time comes to build an M&A strategy, and yet, quite another to walk away with maximum ROI. Due diligence. Were the top two or three managers, who are also leaving after the sale, involved in all aspects of the business large and small?

Title 370

Title Due diligence Equity Branding 370

Housing Wire

JANUARY 31, 2025

Just a few years later, I was breaking sales records, and at age 27, I was on the cover of Realtor Magazines 30 Under 30. Therefore, you should do your due diligence on your brokerage before investing in an E&O policy. Will I have opportunities to grow my career beyond sales? However, hold off on paying this upfront.

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Pre-approval Brokerage Due diligence As-is 338

Housing Wire

AUGUST 14, 2023

billion in penalties to settle a civil action alleging misconduct related to the underwriting, issuance and sale of residential mortgage-backed securities (RMBS) before the 2008 financial crisis. Swiss bank UBS AG announced Monday it has agreed to pay $1.43 The settlement with the U.S.

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Due diligence Banks Loans Investor 370

HomeLight

FEBRUARY 7, 2025

If you’re looking to sell your Asheville home quickly and without the usual hurdles of a traditional listing, a cash sale could be a great option. This guide will help you find reputable cash home buyers in Asheville and walk you through the steps to achieve a successful sale in todays market.

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Proof of funds Due diligence Sales Banks 92

HomeLight

FEBRUARY 20, 2025

If you’re a West Palm Beach homeowner seeking a quick home sale that avoids the hassles of a traditional listing, a cash offer could be the solution youre looking for. Work with a reputable local real estate agent Even in a cash sale, enlisting the help of a qualified real estate agent can significantly streamline the process.

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Proof of funds Due diligence Sales Banks 93

Housing Wire

NOVEMBER 13, 2023

Expand your horizons As the front-end technology mortgage borrowers often interact with first, the point-of-sale (POS) system is the most logical starting point for lenders to build the unique borrower experiences they desire. Instead, lenders should focus on identifying the right tools for the job and setting realistic expectations for each.

Lending 435

Lending Technology Due diligence Loans 435

HomeLight

FEBRUARY 20, 2025

If you’re a homeowner in Winchester, Virginia, looking for a speedy home sale without the potential challenges of a traditional listing, getting a cash offer for your property could be the ideal solution. If your top priorities are speed and convenience, now could be the perfect moment to consider a cash home sale.

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Proof of funds Sales Due diligence Banks 92

Housing Wire

NOVEMBER 28, 2022

In its pre-sale report, KBRA noted that the average borrower’s FICO score was “moderately strong” at 740, with the current average loan-to-value ratio at 68.4% It was the biggest percentage decline in investor purchases since the subprime crisis (excepting the early part of the pandemic when restrictions were in place).

Pre-qualification 435

Pre-qualification Due diligence Investor Loans 435

Housing Wire

APRIL 30, 2021

There’s mortgage point of sale software, product price eligibility, CRM and LOs. We can work with lenders to prepare their portfolios for secondary market trading through due diligence services, valuations and brokerage activity. “Right now, the mortgage ecosystem is fractured.

Mortgages 321

Mortgages Due diligence Technology Loans 321

HomeLight

JANUARY 29, 2025

For homeowners in Baton Rouge looking for a quick and straightforward sale, working with a cash buyer can be a convenient solution. If selling quickly is a priority, now may be a good time to consider a cash sale. Do your due diligence Before accepting an offer, take time to research cash-for-home companies to avoid potential pitfalls.

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Due diligence Sales Construction Banks 78