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Fintech Stavvy acquires servicing tech firm Brace

Housing Wire

Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, acquired Brace , a digital mortgage servicing platform. Founded in 2018 , Stavvy works to increase efficiency and transparency in real estate and mortgage lending. Terms of the deal were not announced.

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American Bank of Oklahoma settles redlining case for $1.5M

Housing Wire

The DOJ complaint, filed in federal court, claims that the bank failed to provide mortgage lending services from 2017 through at least 2021 in neighborhoods in and around Tulsa , including those that were the site of the 1921 Tulsa Race Massacre. American Bank of Oklahoma has agreed to invest $1.5 The bank denies the allegations.

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Housing sector dominates Inc. 5000

Housing Wire

Griffin Funding was the fastest housing sector grower in 2017. 1 asset next to our loyal client base. Lending Heights ( 592% growth) President Jason Cecco said his focus was on “empowering our team members to thrive, which leads to the best customer experience.”. asks for verification of both the 2017 and the. 5000 map.”.

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Joint ventures between title firms and real estate companies are under the microscope

Housing Wire

AI-generated image of two lawyers scrutinizing title insurance joint venture agreements. Campbell is now something of a JV guru, having completed over 80 joint ventures with real estate or lending firms. Image was created using MidJourney. Why not create one entity to ensure a smoother process?

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PennyMac delivers people, process and performance so brokers can build a sustainable business

Housing Wire

This isn’t an easy task, considering brokers have to adjust while also managing a high volume of clients due to the booming housing market. Additionally, the company’s mortgage insurance best-ex solution, OptiMIze, automatically delivers the best MI pricing available leveraging PennyMac’s highly competitive negotiated MI rates.

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FHA Commissioner Julia Gordon gets to work

Housing Wire

During her visits, one thing stood out to Golding, who served as the Department of Housing and Urban Development ’s principal deputy assistant secretary from 2015 to 2017. Some of my clients have told me that they’ll come back in and service FHA loans if there are reasonable requirements, along the lines of the GSE’s,” Chappelle added.

Insurance 311
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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. This initiative was subsequently reaffirmed in the issuance of VA Circular 26-17-18 in July 2017. And if you work in real estate, be prepared to serve clients in all stations of life. The good times and the hard times.