Housing Wire

MAY 25, 2021

Modernization will either take root and flourish throughout every branch of the mortgage industry, or our industry could miss a critical window to introduce meaningful reforms. In 2020, the use of “blind” appraisal waivers reached staggering, record highs. Poor data visibility. And appraisal waivers would be informed, not blind.

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Appraisal Valuation Real Estate Modernization 313

Housing Wire

OCTOBER 6, 2020

Purveyors of very complex financial instruments, sold to risk-averse investors under the careful oversight of government regulators, have given us a process that must conform to investor and regulatory compliance requirements. Lending technology out of focus. We have fared much better on the automation side.

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Technology Mortgage Investors Investing 440

Housing Wire

FEBRUARY 10, 2022

This acquisition expands our footprint in the digital mortgage ecosystem, and we are thrilled to have them join us as we continue to develop innovative and streamlined technology solutions in the lending space.”. The company also serves “100%” of reverse mortgage investors, according to the sale announcement.

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Development Modernization Technology Mortgage 328

Housing Wire

MARCH 29, 2022

And if these agencies were to find that a merger ran counter to public interest because of a bank’s discriminatory lending practices, it’s not likely anyone would know about it. Senior administration officials claim that rooting out “modern-day redlining” is a top priority. And HUD can bring lawsuits claiming bias in mortgage lending.

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Lending Government Law Mortgage 350

Housing Wire

DECEMBER 31, 2021

Lenders will have to “manage expenses and improve customer service in a purchase market,” Tom Wind, executive vice president of consumer lending with U.S. Meanwhile, in 2020, LO turnover was the lowest in the survey’s history, at 21%, the MBA found. Bank Home Mortgage , said at the MBA Annual convention.

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Marketing Law Government Mortgage 414

Housing Wire

JULY 13, 2021

After a relatively slow start, Guaranteed Rate Affinity took off in 2020 – its equity earnings jumped to $126 million compared to $15 million a year earlier, according to Realogy’s public filings. Guaranteed Rate and Realogy teamed up for a mortgage origination joint venture when the pair launched Guaranteed Rate Affinity in 2017.

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Brokerage Real Estate Agents Clients 293

Housing Wire

JUNE 8, 2022

With interest rates hitting all-time lows, lenders doubled their origination volume to more than $4 trillion in both 2020 and 2021, hired more staff and ramped up investment in technology to close loans faster. Blend has attracted a bevy of investors who were impressed by its market position. million in the first quarter of 2022.

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Mortgage Technology Loan Officers Investing 330

Housing Wire

MARCH 28, 2022

In March 2020 all of that changed. Now, after two years of drinking from a firehose, mortgage lenders must pivot once again to succeed in the vastly different lending landscape that lies ahead. You are suited, showered and seated behind a desk in a bustling office. trillion in U.S. trillion in U.S. trillion in 2021 to $2.6

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Marketing Real Estate Agent Business Transportation 342

Realtor

MAY 15, 2023

Lenders have a vested interest in the home appraisal because it protects them from lending more money than they can recoup should you default on your loan and go into foreclosure. And in 2018, Fannie Mae began testing its hybrid appraisal, a method it had worked on for years to speed up and modernize the traditional appraisal process.

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Appraisal Real Estate Appraisal Process Market Value 107

Housing Wire

DECEMBER 20, 2021

In July 2020, he lost his job as an editor at a consulting firm for spa professionals. In September 2020, he landed a job as a service advisor assistant for an auto repair shop. in April 2020, according to the U.S. The Covid-19 pandemic hit Jeffrey Wilen and his family hard. It took Wilen, 49, about two months to get a new job.

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Mortgage Government Contracts Insurance 317

Appraisal Today

MAY 27, 2022

NOTE: Please scroll down to read the other topics in this long blog post on VA appraisals, appraisal modernization, eliminate VA panel, unusual homes, mortgage origination stats, etc. The market changing again with increasing interest rates, in the inevitable ups and downs of mortgage lending. Mortgage lending from the 1870s to today.

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Construction Appraisal Modernization Contracts 52

Appraisal Today

AUGUST 5, 2022

Fannie: Learn how valuation modernization is changing collateral underwriting – Video, 1 hour, 23 minutes. Excerpt from emailed notice: “Valuation Modernization: New perspectives on collateral underwriting” is a must-see for underwriters and appraisal reviewers. By Reena Agrawal, PhD, Research Economist.

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Appraisal Valuation Contracts Modernization 59

Will Springer Realtor

JANUARY 9, 2024

The Federal Reserve recently updated its forecast, hinting at a potential decrease of about 75 basis points (0.75%) in its short-term lending rate by the year’s end – promising news for borrowers in 2024. The Fed’s revised lending forecast sparked a celebratory mood among investors, particularly those tracking U.S.

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Mortgage Real Estate Law Lending 36

Will Springer Realtor

JULY 13, 2023

“You are not going to get people to come back into the office to the same degree as they did before 2020. Moody’s Investors Service noted that banks hold approximately half of the $6T in commercial real estate debt, with the largest share maturing within the next three years, according to Reuters. The city was No.

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Construction Supply Chain Real Estate Development 36