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Title giant Stewart sues Qualia over software licensing agreement dispute

Housing Wire

24, 2023, Qualia informed Stewart that in an effort to “modernize” the “old legacy contracts” Adeptive had entered, it would be terminating the ResWare licensing agreement Stewart had entered with Adeptive on Jan. 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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What’s influencing the increase in REO acquisitions?

Housing Wire

MC: The demand for REO assets remains strong, with inflows and overall REO inventory levels remaining significantly less than post-Q1 2020 inventories. How has the foreclosure-related regulatory landscape changed since 2020 and 2021? HW: What does the current market and demand for REO assets look like?

Inventory 395
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Black Knight to integrate Wolters Kluwer’s eNote and eVault capabilities

Housing Wire

Black Knight previously collaborated with Wolters Kluwer to adopt its mortgage document generation technology into Black Knight’s Empower in 2020. Servicing Digital, offered as an app or web design, enables customers to access their loan- and home-related information.

Contracts 288
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Court authorizes class action against Carrington over servicing fees

Housing Wire

The plaintiffs – Ashly Alexander and Cedric Bishop – brought the case in September 2020, alleging that the mortgage servicer violated Maryland’s debt collection and consumer protection statutes by illegally charging $5 for monthly payments online or by phone. Carrington became the servicer in 2017.

Law 400
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Smaller IMBs are better placed to weather challenges than larger ones, CHLA claims

Housing Wire

The Mortgage Bankers Association (MBA) forecasts that if the mortgage industry experiences a 65% drop in origination volume between the fourth quarter of 2020 and the first quarter of 2023, production employment will likely need to be scaled back by 24 to 31%.

Mortgage 389
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MISMO searches for participants for closing initiative

Housing Wire

The CLP forms a contract between a title insurance underwriter and a lender, in which the underwriter agrees to indemnify the lender for actual losses caused by certain types of misconduct by the closing agent, while the Title Commitment is a promise from your title company to issue the title insurance policy after the closing is completed.

Insurance 342
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The Appraisal Foundation Releases New Reference Manual For the 2020-2022 USPAP Publication

McKissock

The official 2022-2023 Online Update Course for Uniform Standards of Professional Appraisal Practice (USPAP), now available online , comes with a first-of-its-kind reference manual designed to help you quickly find answers to your USPAP-related questions.