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Realtor.com reveals new tools to evaluate climate risk exposure 

Housing Wire

Amid escalating climate concerns , Realtor.com has launched enhanced tools to help homebuyers and sellers evaluate the climate risk exposure of a property, according to a company announcement on Wednesday. The cost of homeowners insurance policies has skyrocketed in the past two years as U.S. It added wildfire risk in 2022.

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UWM cuts out title insurer with updated TRAC+ program, rolls out 0% down purchase initiative

Housing Wire

The first version of TRAC, launched in October 2022, is still available at a $1,600 flat fee plus a settlement agent fee of up to $500. UWM’s TRAC+ announcement comes as the federal government pushes title insurance alternatives designed to save consumers money. Department of Veteran Affairs (V.A.) 0% down During UWM Live!

Insurance 382
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National Mortgage Insurance integrates with Vesta LOS

Housing Wire

National Mortgage Insurance Corporation (National MI) announced on Tuesday its integration with Vesta , a loan origination system (LOS) provider and software-as-a-service company. ” National MI’s API platform lets lenders and LOS providers quickly and seamlessly retrieve accurate mortgage insurance quotes through Rate GPS.

Insurance 317
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Polly teams up with mortgage insurance providers to streamline service

Housing Wire

Polly , a software-as-service mortgage technology firm that operates a loan-trading platform, integrated with six mortgage insurance providers to streamline the mortgage process for loan officers and mortgage lenders. . When a quote is selected, the user will receive documentation from the applicable mortgage insurance provider.

Insurance 338
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Old Republic’s net income was down over 55% in 2022

Housing Wire

The rapidly cooling housing market in 2022 was not kind to Big Four title insurer Old Republic. While the century-old firm, which is celebrating its 100 th anniversary in 2023, did generate net income for both the fourth quarter of 2022 as well as for the year as a whole, it was down substantially last year. million in Q2 2021.

Insurance 342
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Polly launches Lender Intelligence platform 

Housing Wire

Lenders can also license Polly’s raw data for use in tandem with existing in-house tools. In 2022, the software-as-a-service (SaaS) firm teamed up with mortgage insurance providers , including Arch MI , Enact and National MI , to streamline the process of calculating, quoting and comparing mortgage insurance offerings.

Insurance 359
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NAR releases flood disclosure tracker as federal shutdown looms again

Housing Wire

The National Association of Realtors (NAR) on Wednesday unveiled its state flood disclosure tracker tool , aiming to offer clarity and access to survey existing state disclosure requirements for flood insurance. Department of Homeland Security ’s Assistant Secretary for Legislative Affairs Alice Lugo to Vice President Kamala Harris.

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