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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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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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The hybrid appraisal is here. Who benefits?

Housing Wire

The company, which employs about 17 people, was founded in 2015, and is one of those approved to provide the Freddie Mac data report for its new remote inspection program. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

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Help for troubled borrowers is on the way. But will it come soon enough?

Housing Wire

In 2015, the family paid $250,000 for a 2,900-square-foot house in Ormond Beach, Florida. The recent experience with state distribution of rental assistance and unemployment insurance is perhaps a preview of the challenges ahead. States, overwhelmed with claims and understaffed, also had problems paying unemployment insurance.

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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.).

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State Appraisal Boards – What Do They Look For?

Appraisal Today

2 Lenders require appraisers to carry E&O insurance because they routinely seek to hold appraisers responsible for loan losses. Despite the fresh coat of paint and a small but modernized kitchen and bath, the home retains many of its original features, including the loft bedroom, where the school’s headmistress once slept.

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“It’s math:” How mortgage solutions companies are fighting for survival

Housing Wire

Blend brought in more than $71 million in the first three months of 2022, but more than half of its revenue came from title insurance and settlement services provider Title 365 in the challenging origination environment. Many mortgage analysts and consultants noted new tech is needed to build modern, efficient and automated processes.

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