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Real estate brokerage Radius unveils mortgage-lending arm

Housing Wire

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. The post Real estate brokerage Radius unveils mortgage-lending arm appeared first on HousingWire.

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Narrow Gauge Capital acquires Inco-Check

Housing Wire

With NGC’s acquisition of Inco-Check, the company aims to enhance loan quality and prevent fraud in a competitive mortgage and consumer lending market, Inco-Check said. and Keefe, Bruyette & Woods served as financial advisors to Inco-Check Winston & Strawn served as legal counsel to NGC. Terms of the deal were not disclosed.

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Did Michael Strauss, accused of fraud, just start a new mortgage company?

Housing Wire

While there is speculation about whether Strauss took clients who had loans in the pipeline when Sprout shut down, it’s unclear if Smart Rate originated or bought any loans, or how the firm would fund new mortgages. In 2015, Strauss launched Sprout Mortgage, a mortgage lender focused on non-qualified mortgages (non-QM).

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UWM sues two more broker shops for working with Rocket & Fairway

Housing Wire

Meanwhile, Mid Valley Funding, which started doing business with UWM in June 2015, sent at least 62 mortgages to Rocket and Fairway, the lawsuit claims. Therefore, UWM is moving forward with legal action enforcing the penalties laid out and agreed to in the contract,” the spokesperson said.

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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

We’re grateful to work across several states and with so many great clients! We believe it’s important for appraisers to communicate with their clients to avoid surprises and ensure the appraisal process is as smooth as possible. The goal of this article is to help lenders, banks reviewers and appraisers. Prospective Values.

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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. Helpful information includes tax parcel numbers, legal descriptions, number of buildings, building size, etc.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. There is administrative time involved, as well as legal factors. And if you work in real estate, be prepared to serve clients in all stations of life. From 2015 to 2018, there were 5 significant fires.