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Title giant Stewart sues Qualia over software licensing agreement dispute

Housing Wire

In 2015, Stewart was granted an “irrevocable and perpetual license” to install and use the ResWare software title production system product, which at that time was owned by Adeptive Software. The firm estimates that roughly 4,000 Stewart employees use the software on a daily basis. Adeptive was acquired by Qualia in Dec.

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Lender Toolkit and Reggora partner to streamline mortgage underwriting

Housing Wire

Automated mortgage technology provider Lender Toolkit announced this week that it has integrated with Reggora , an appraisal management software company that focuses on modernizing residential real estate valuations for mortgage lenders.

Mortgage 263
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Overblown rumors of demise? NAR has lost only 45K members since December

Housing Wire

In modern times, membership hit a low point of 963,478 in February 2013 and climbed to a high of 1.60 And a 2015 paper in the Rand Journal of Economics predicted that a 50% reduction in commissions would result in 40% fewer agents. million in October 2022 before gradually declining. Membership dipped just below 1.5

Realtors 301
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Fannie Wants to Script Conclusions of Outside Analyst – Believes It Is Above the Law

Appraiserblogs

[The corporation] was created by the government, is controlled by the government, and operates for the government’s benefit,” wrote Justice Anthony Kennedy in a unanimous Supreme Court ruling in 2015. Related Posts: Is the GSE's "Appraisal Modernization" Really Just… Mass Appraisal tend to exhibit a regressive nature.

Law 113
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Another lender settles redlining accusations with DOJ

Housing Wire

The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark. The largest settlement recorded , at $25 million, was with New Jersey-based Hudson City Savings Bank in 2015.).

Law 371
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Real estate tech roundup: Shaker, zavvie and Homie

Housing Wire

“Zavvie Pro keeps the modern agent at the center of every sales transaction, no matter what the homeowner decides,” Lane Hornung, zavvie co-founder, and CEO, said in a statement. “Webuilt zavvie Pro to help the modern agent generate more seller leads, win more listings, and always earn a commission.”.

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Park National Bank to pay $9M to settle redlining allegations

Housing Wire

District Court for the Southern District of Ohio last month, alleged that Park National failed to provide mortgage lending services by redlining majority-Black and Hispanic neighborhoods in the Columbus area from at least 2015 to 2021.