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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. Is now a good time to invest in real estate automation technologies? Presented by: Axis Technical Group.

Brokerage 393
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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. Boston, Massachusetts-based NGC, founded in 2015, is focused on making investments in health care services, financial services technology, distribution and logistics sectors.

Logistics 324
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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. UWM claims in the lawsuit that it provides brokers “considerable resources” to grow their businesses, such as technology, marketing materials, compliance support and training.

Contracts 370
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MBA economists: The overcapacity that still needs to be cut

Housing Wire

The first category is real estate credit, which covers most establishments focused on lending with real estate as collateral. The second category is mortgage and non-mortgage brokers, which includes establishments that facilitate lending by bringing borrowers and lenders together.

Lending 382
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ClearCast Podcast E21 — June Homes Founder & CEO Daniel Mishin

Clear Capital

They are a digital lending platform. So what we’ve done is we’ve essentially built a lot of technology to streamline the entire process. And building, basically, building technology to make it efficient. It’s just something we had to build technology to solve. But that’s mobile first.

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Appraising the Weird Stuff: Observations from a Seasoned Florida Appraiser

McKissock

My reply to these prognosticators is that residential appraisers are not going away, but rather how they perform appraisals and how they communicate their opinions will be changing significantly due to technological advancements, and over time, we probably won’t need as many appraisers as we have in the past. legality of docks.

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The fate of HUD

Housing Wire

A spokesperson for HUD said the agency could not discuss investigations or strategy of fair lending enforcement, but said that fair lending is a priority of the Biden-Harris Administration and HUD. In August, HUD Secretary Marcia Fudge signed an agreement with the Federal Housing Finance Agency to strengthen fair lending enforcement.

Insurance 353