Housing Wire

OCTOBER 27, 2020

HousingWire recently spoke with Susan Falsetti, managing director of Origination Title and Close at ServiceLink, about the state of title in 2020 and how the EXOS technology platform allowed ServiceLink clients to take advantage of virtual closing solutions. HW: What are the benefits of having the title provider complete the closing?

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Housing Wire

OCTOBER 4, 2022

Closing fee-related compliance tool provider LodeStar is integrating with title insurance provider Stewart , the companies said Monday. This integration makes accurate fees available instantly from a sizable population of the title agent community,” Jim Paolino, the CEO of LodeStar, said in a statement. “As

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Housing Wire

SEPTEMBER 7, 2022

Setting your sights on the future is important for any business owner, agent or loan officer looking to find success in the ever-changing housing market. 4th will feature Dave Savage and Alex Kutsishin both of Mortgage Coach and Sales Boomerang. This session is sponsored by Sales Boomerang.

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Housing Wire

AUGUST 17, 2023

Other alleged violations include Freedom offering real estate brokers and agents fee-free access to industry subscription services, which included information about property reports, comparable sales, and foreclosure data. A few months later, the CFPB fined Meridian Title Corporation $1.5 million fine.

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Housing Wire

JANUARY 11, 2022

But Redfin is first eliminating 121 mortgage roles, less than 2% of the total staff, mainly in sales support, capital markets, and operations. “For years, Redfin has talked about becoming a one-stop shop for brokerage, mortgage, iBuying and title services. Bay Equity is licensed as a mortgage lender in 42 states.

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Housing Wire

JANUARY 17, 2024

For real estate professionals, this option presents an opportunity to capture more sales. They own the home with their name on the title, as with any mortgage, traditional or reverse. They have been able to reach sales goals with relative ease for over a decade. Yet staggeringly few are aware of its existence.

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Housing Wire

MARCH 4, 2021

In fact, in some ways, title and settlement services-focused providers will be even more pressed to accelerate their compliance programs. TRID is still the law of the land, and nothing suggests that title and closing providers won’t continue to bear the brunt of that compliance requirement.

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Housing Wire

SEPTEMBER 29, 2022

In these 20-minute sessions, attendees will walk away with tangible and actionable information from leaders at mortgage, valuation, real estate and title companies. 4 and sponsored by Sales Boomerang , this breakout session is hosted by Dave Savage and Alex Kutsishin. The Future of Lending is here Today. Presented on Oct.

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Housing Wire

AUGUST 23, 2023

Loan officers were let go in August as well, according to former employees. Higher salary and director-level titles were affected mostly to hit the number,” the impacted former employee told HousingWire. According to the former employee, the layoff came following weak sales in July.

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Housing Wire

MARCH 24, 2023

ChatGPT for lenders Several use cases exist for mortgage companies and loan officers to use ChatGPT and AI. As for the “limitations,” it’s not always correct, and much data has not been updated after 2021. AI can be used to provide a more personalized experience for mortgage customers.

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Housing Wire

APRIL 17, 2023

For a standalone model, NAF and the partner company will form a mortgage banking company that can support funding loans of at least $150 million annually. In a consortium model, currently popular in the title business , NAF will create a standalone mortgage banking company that will sell shares equal to 50% of the company.

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Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. Over the past few years mortgage technology venture investing has been dominated by point-of-sale systems. The newer opportunities are focused on loan origination systems, capital markets pricing and mortgage servicing. As of Sept.

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Housing Wire

MARCH 1, 2021

Bank Home Mortgage , will speak on a panel titled What Mortgage Tech is Solving Now at HousingWire’s Spring Summit on March 4. Bolstad will be joined on the panel by Dave Vermillion , founder and CEO of Mortgage Champions , and Lisa Patterson, chief originations officer at Homepoint.

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Housing Wire

NOVEMBER 3, 2021

Building upon technology-driven efficiencies, community values and leveraging expert loan officers and top eXp agents, we aim to create a unique mortgage solution that provides a better homebuying experience,” Sanford said in a written statement. It doubled sales volume from the $36 billion it generated in 2019.

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Housing Wire

NOVEMBER 10, 2022

Home sales have declined significantly and, as we approach year-end, they are not expected to improve.”. “This creates a challenging environment for volume-sensitive businesses such as mortgage originators and title insurers.” The company has licenses in 49 states, 387 branches and 491 active loan officers.

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Housing Wire

MARCH 1, 2021

Like it or not, the most nerve-wracking part of buying or selling a home comes when the “file” heads out to the title and escrow company. But, to date, most of the streamlining has happened at the point of marketing and sales. It’s much more efficient to reach a loan officer and input an application into the pipeline than ever before.

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Housing Wire

JUNE 24, 2021

Buyside helps real estate agents and loan officers engage homeowners with not just home value tools but also branded wealth optimization tips on their home’s equity so homeowners can now truly view their home as an asset. “We’ve For more information, visit getbuyside.com or email sales@getbuyside.com.

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Housing Wire

OCTOBER 6, 2021

The loss was primarily driven by a “decrease in overall funding activities in the mortgage market” that resulted in a “significant” decline quarter-over-quarter of the company’s gain on sale margin. billion in title insurance and $1.4 Better.com said its labor cost was 57% lower than the industry average and its loan officers close 16.2

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Housing Wire

NOVEMBER 9, 2022

This year, the company’s gain-on-sale margin went from 2.14% in the second quarter to 1.87% in the third quarter, mainly due to heavy competition. FoA had a $44 million revenue with lender services such as appraisal and title, down 24% quarter-over-quarter and 50% year-over-year. FoA forward mortgage funded volume totaled $2.7

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Housing Wire

DECEMBER 6, 2022

So, about two weeks before the closing was scheduled to take place, the builder reaches out to me and was like, ‘The loan officer on your client’s file got laid off and we are assigning a new one to it.’ Fahad Janvekar, a loan officer at Fairway Independent Mortgage. Trouble in partnership paradise.

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Housing Wire

JUNE 6, 2022

Pink slips will arrive for California employees at six offices in Thousand Oaks, Pasadena, Roseville, Westlake Village, Agoura Hills, and Moorpark. The latest round of WARN notices will impact 59 loan officers in the Thousand Oaks, Pasadena, and Roseville offices. Rosemont, Illinois-based Interfirst Mortgage Co.

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Housing Wire

SEPTEMBER 8, 2023

It’s not a point of pride or badge of honor for any mortgage, title, real estate or valuation firm. Much of that average time to close tends to pile up in the title and settlement stage of the process. Loan officers dread having to email an appraisal firm for the report they’re waiting on. How do your new orders come in?

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Housing Wire

SEPTEMBER 23, 2022

“Impacted by higher rates, house prices are softening, and home sales have decreased. However, the number of homes for sale remains well below normal levels.” “This creates a very challenging environment for volume-sensitive businesses such as mortgage originators and title insurers,” the analysts said.

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Housing Wire

APRIL 13, 2021

Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he is seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing. “If

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Housing Wire

SEPTEMBER 1, 2022

However, while the title space has made tremendous strides in recent years, there is still a tremendous amount of “button mashing” being done. Increasingly, manual processes in title workflows are being eliminated with customized bots and AI. The first example is a well-known headache for title firms. The result?

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Housing Wire

AUGUST 23, 2021

For the title industry, artificial intelligence (AI) is no longer just a futuristic concept to be discussed wistfully in conference breakout sessions. Until now, most title agencies have attacked those problem areas with staffing. Until now, most title agencies have attacked those problem areas with staffing.

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Realty Biz

JULY 19, 2021

The brokerage believes its new company, called OriginPoint , will provide faster, more seamless and transparent home buying experiences for buyers, sellers, agents and loan officers. Guaranteed Rate has closed more than $60 billion in loan volume since the beginning of 2021.

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Housing Wire

MAY 6, 2024

Title agents historically have felt like they played second fiddle to other players in the buying and selling of real estate. Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer.

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Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. Jumbo loan volume increased 3.1% ” Just a little less vanilla.

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Keller Williams

AUGUST 17, 2022

Loralynne Ball, head of retail sales for Keller Mortgage, has an even sunnier assessment. As a partner of Keller Williams, our loan officers are here to provide your clients with the easiest home financing experience available,” says Ball. “We Connect with a Keller Mortgage Loan Officer.

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Housing Wire

FEBRUARY 3, 2022

The decrease in net income was primarily driven by a dramatic decline in gain-on-sale margins – 223 basis points, down roughly 60 bps from Q3. “We believe higher rates will add another cyclical headwind to already-pressured mortgage gain-on-sale margins while also leading to further normalization in refi volume. from the $154.2

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Housing Wire

SEPTEMBER 15, 2020

Notarize opened its platform to independent notaries and title agents in 13 states since March and also hired thousands of notaries in Florida, Texas, Virginia and Nevada. Power & Associates in auto to conduct fully-digital car sales. Notarize also signed dozens of partnerships in various industries, including J.

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Redfin

MARCH 3, 2022

You’ll want to rethink purchasing that beautiful new couch and hold off on planning those backyard additions before the title has been cleared. A seasoned mortgage broker will fully analyze your situation and application, anticipate any issues, and guide you through the process to a smooth closing,” says Trey Bolen at Lendid Home Loans.

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Housing Wire

JULY 29, 2021

The company is split between a brokerage group, a franchise group, and a title operation that a mortgage joint venture with Guaranteed Rate is enveloped into. 1 brokerage by sales volume in the country in 2020, according to RealTrends , with $184 billion in self-reported sales volume. The brokerage group was the no.

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Easy Agent Pro

OCTOBER 8, 2021

If your main goal is to increase your income, becoming a real estate broker is one way to use your sales license as a stepping stone to earn more. If drumming up and chasing after leads are among the reasons you’re ready to kick real estate sales to the curb, this is something to consider.

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Real Trends

DECEMBER 5, 2022

So, about two weeks before the closing was scheduled to take place, the builder reaches out to me and was like, ‘The loan officer on your client’s file got laid off and we are assigning a new one to it.’ Fahad Janvekar, a loan officer at Fairway Independent Mortgage. Trouble in partnership paradise.

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HomeLight

OCTOBER 29, 2021

Conventional loans closed in an average of 47 days in July 2021, while FHA loans took 51 days, and VA loans required an average of 52 to close. Step 1: Find a title company or lawyer to open an escrow account for you. Step 2: Title review starts. A typical house closing process follows these steps.

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