Housing Wire

FEBRUARY 4, 2022

United Wholesale Mortgage (UWM) is making good on its threat to take legal action against partnering broker shops that also send business to Rocket Mortgage and Fairway Independent Mortgage , a violation of the wholesaler’s controversial broker agreement. million for repeatedly violating the terms of the agreement.

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Legal Contracts Business Mortgage 370

Housing Wire

DECEMBER 19, 2023

Big Four title firm Fidelity National Financial and its subsidiary mortgage subservicer Loancare are facing a class action lawsuit alleging that they were negligent with customer data and that they breached their contract, after the firm was the victim of a cyber security attack in late-November. District Court for Central California.

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Clients Contracts Mortgage Legal 421

Housing Wire

FEBRUARY 25, 2022

United Wholesale Mortgage (UWM) just sued two more broker shops that allegedly violated its controversial “ultimatum” by sending loans to rivals Rocket Mortgage and Fairway Independent Mortgage. However, the lender said it was necessary to protect the long-term viability of the wholesale mortgage channel.

Contracts 370

Contracts Brokerage Investing Mortgage 370

McKissock

AUGUST 13, 2021

Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. When should we analyze the contract?

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Contracts Appraisal Market Value Real Estate 64

Housing Wire

MAY 27, 2022

This week’s HW+ member spotlight features Jeremy Potter, chief evangelist at Stavvy , a 2022 Tech100 Mortgage winner. Potter was recently promoted after serving as head of legal and capital markets and is a thought leader in the industry, regularly sharing his insights on how the industry can move forward through the power of innovation.

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Modernization Legal Contracts Mortgage 381

Housing Wire

SEPTEMBER 7, 2023

Probably about 60 to 70% of our business comes from referrals from our previous clients,” Chris Gallo, a top producing LO in New Jersey, said. Attorneys, Realtors and clients are a big part of our repeat business.” Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs.

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Buyers Agents Loan Officers Real Estate 397

Housing Wire

NOVEMBER 3, 2023

Maintaining MLS access is important if you want to still serve your clients,” Stella said. “I If there is x number of units you need to sell to support your family, pay your mortgage, and all of a sudden your business as a buyer’s agent drops 25%, you are going to be impacted.” I actually do still believe in our organization.

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Realtors Agents Brokerage Contracts 431

McKissock

SEPTEMBER 20, 2021

Real estate agents are commonly sued for breaching their duty to act in the best interests of their client. To protect your clients’ interests, and reduce your own risk exposure, check out our highly-rated course, Know the Code: Your Guide to the Code of Ethics. Real estate risk management is an important concern for agents.

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Real Estate Clients Real Estate Agent Realtors 58

Housing Wire

MAY 4, 2021

“And since there’s no limit to the number of documents you can execute through QuickSign, organizations can use it for sales contracts, legal or human resource documents as well.” Based in Florida, ProperSign is following the wave of notarization companies that are moving their entire process online.

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Tools Human Resources Technology Real Estate 324

McKissock

MARCH 2, 2021

Here are five excellent resources offered by McKissock Learning—including a Pro-Series webinar on Wednesday, March 17, 2021, “ The Market Value Doesn’t Support the Contract Price, Now What? ”. Webinar: The Market Value Doesn’t Support the Contract Price, Now What? Blog post: Advice for Working with Difficult Clients.

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Appraisal Contracts Market Value Clients 103

Housing Wire

JUNE 11, 2021

If the appraised value ends up matching or is higher than the contract price, the transaction can continue as planned. Should the appraisal come in lower than the contract price, the closing process may be impacted. They will also take into account any upgrades or amenities, as well as how maintained the home is.

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Inspection Appraisal Buyers Appraisal Process 432

Housing Wire

DECEMBER 21, 2020

Blosser has been leading the association’s data privacy efforts since 2017, and led the association’s role in creating model legislation such as the Remote Online Notarization Act , which was drawn up in collaboration with the Mortgage Bankers Association and the National Association of Realtors.

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Insurance Government Advertising Legal 259

Appraisal Today

NOVEMBER 24, 2023

The Surfing Appraiser Riding the Waves of Up and Down Mortgage Rates By Mark Buhler Excerpts: Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. I got the client to write a letter to the state indicating my report did not mislead them, yet the state sanctioned me for it anyway!

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Appraisal Mortgage Business Contracts 78

Appraisal Today

JANUARY 5, 2024

NOTE: Please scroll down to read the other topics in this long blog post on New CA bias classes, 2024 New Years resolutions, 2024 goals, unusual homes, mortgage origination stats, etc. – Work on getting a more positive attitude toward your clients, fees, etc. Pick one client to start with. Excerpts: 4 Bedrooms, 4.5

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Appraisal Contracts Legal Business 78

Raleigh Realty

MARCH 23, 2021

And while that may be enticing, there are many other costs and legal repercussions that are associated with selling a home that will be the full responsibility of the seller if a real estate agent is not involved. That is a $35,000 swing for my client who asked if he could give us a bonus.

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Real Estate Agent Real Estate Realtors Contracts 133

Housing Wire

NOVEMBER 16, 2023

When CoreLogic acquired Roostify, the digital mortgage technology company I co-founded and led for more than a decade, in February, our mission was to accelerate and simplify the home lending experience. As the Sitzer/Burnett case may well show, most listing agents are trained to steer their clients to offers that support this dynamic.

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Realtors Contracts Real Estate Agents 421

Appraisal Today

NOVEMBER 4, 2022

They really appreciate it, and it ensures you can complete assignments on time as you had planned (no one likes waiting for a legal description only to have it show up on your day of 4 inspections!). It can help you get more business from AMCs (and other lender clients). Appraiser list Internet, referral, previous client.

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Reconsideration of Value Appraisal Inspection Advertising 52

The Robert Weiler Company

MARCH 29, 2023

Also, you can sometimes obtain maintenance services at a discounted rate when the work is contracted through the property management company. Reduce legal concerns. Do you have a preferred method of communication with clients? Is there a fee for early termination of the property manager company contract?

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Property Management Tenants Real Estate Investors 78

Eppraisal

JULY 12, 2022

Earnest money is the money a buyer offers to have deposited at contract time to show he is earnest or serious about purchasing the home. How Earnest Money Works When you submit an offer to purchase a home, part of the contract deals with earnest money. What Happens to the Earnest Money if the Contract is Canceled?

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Contracts Real Estate Agent Sellers Real Estate 36

Appraisal Today

MARCH 31, 2023

And, with this inspection a traditional appraisal is no longer a requirement for the mortgage loan. The only reason for these changes are about a piece of the 11 TRILLION dollar mortgage market. But how do you contact potential clients and referral sources? Secondly, the 3rd party inspection is sent to a licensed appraiser.

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Appraisal Contracts Inspection Clients 52

Housing Wire

NOVEMBER 3, 2023

.” Other popular answers included, ‘implementing buyer representation agreements,” “full disclosure of client options,” and “more training on our value proposition.” “We may eventually have it where buyer commissions can be rolled into the mortgage.

Real Estate 323

Real Estate Brokerage Buyers Property Management 323

Appraisal Today

MAY 10, 2024

I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted.

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Reconsideration of Value Appraisal Real Estate Insurance 73

Empire Appraisal Group

JULY 1, 2021

Look up the legal description of the property and include a copy of the most recent tax bill, which can show whether the home is in a special tax district, said Maureen Sweeney, a residential real estate appraiser and member of the Illinois Real Estate Appraisal Administration and Disciplinary Board.

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Agents Appraisal Real Estate Realtors 78

Housing Wire

MARCH 28, 2024

Then, they think about the mortgage : a good rate, good monthly payments, and approval. In fact, if you were to describe the home-buying experience solely upon the things we see in advertisements, the home-buying process would end with the sales contract, and all parties would merrily proceed directly to the handing over of the keys.

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HOA Property Management Real Estate Agent Technology 464

Appraisal Today

DECEMBER 8, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, dealing with lender hassles, real estate market, unusual homes, mortgage origination stats, etc. = $36M Beachfront Beauty on Maui Hawaii Excerpts: What exactly makes this oceanside manse on Maui so desirable? Investor purchases of U.S.

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Appraisal Real Estate Contracts Design 69

Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. A home valued too high can lock a homeowner into an unaffordable mortgage and increase the risk of foreclosure.

Appraisal 89

Appraisal Real Estate Valuation Contracts 89

McKissock

APRIL 3, 2022

There are usually too many cooks in the kitchen when you’ve got those who handle your listings, payment transactions, as well as your legal documentation with your clientele. Real Estate Smart Contracts. Programmable security. Immutability. Cutting Out Middlemen.

Real Estate 73

Real Estate Real Estate Agent Technology Contracts 73

Appraisal Today

APRIL 14, 2023

NOTE: Please scroll down to read the other topics in this long blog post on liability, appraisal errors, non-lender appraisals, Fannie non-appraisal options, unusual homes, mortgage origination stats, etc. It is a place where we can show our clients just how valuable an appraisal can be.

Appraisal 52

Appraisal Bracketing Contracts Valuation 52

McKissock

MAY 8, 2022

There are usually too many cooks in the kitchen when you’ve got those who handle your listings, payment transactions, as well as your legal documentation with your clientele. Real Estate Smart Contracts. Programmable security. Immutability. Cutting Out Middlemen.

Real Estate 52

Real Estate Real Estate Agent Technology Agents 52

AmeriMac

JULY 25, 2022

An appraisal is the fair valuation of a property based on a professional’s opinion, mainly if the payment method includes a mortgage. Even the most well-respected appraisers can make a mistake or overlook something that could negatively impact your contract. Reinforces Clients’ Confidence. Resolves Legal Conflict.

Real Estate 36

Real Estate Appraisal Valuation Clients 36

McKissock

JANUARY 6, 2023

You should also consider non-QM lenders (non-qualified mortgage lenders). Aside from that, there are also private mortgage insurance (PMI) providers, like Radian, MGIC, or Genworth that may have open appraisal-related jobs. These may be full-time jobs or contracted services.

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Appraisal Training Lending Land Management 74

Housing Wire

NOVEMBER 22, 2023

In fact, if you were to describe the home buying experience solely upon the things we see in advertisements, the process would end with the sales contract and all parties would merrily proceed directly to the handing over of the keys. However, the settlement process varies from client to client, location to location.

HOA 431

HOA Real Estate Agent Technology Real Estate 431

Eppraisal

JULY 28, 2023

Personalized Buying Experience AI-based recommendation engines in real estate can offer a highly personalized buying experience to potential clients. Streamlined Transaction Process Buying or selling a house often involves a complex web of paperwork and legal procedures.

Real Estate Agent 36

Real Estate Agent Real Estate Sellers Buyers 36

Housing Wire

APRIL 9, 2024

It’s not often that we can draw a parallel between the automobile industry and the mortgage and real estate industries. The mortgage industry has been awaiting its own “Model T” introduction for quite some time. Yes, the world of mortgage and real estate has come a long way in just a few short years. Sound familiar?

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HOA Real Estate Technology Investors 427

Appraisal Today

JULY 8, 2022

Mortgage Bankers Association advocated for the proposal. is the best lender client for appraisers. non-lender appraisals, hurricane with and surge risks, unusual homes, mortgage origination stats, etc. =. By Peter Christensen, Founder of Valuation Legal. Mortgage applications decreased 5.4 My comments : V.A.

Appraisal 52

Appraisal Property Taxes Contracts Mortgage 52

Eppraisal

JULY 8, 2022

" The title agent verifies the legal description of the property, examines the survey, looks at the current mortgages on the property, and searches for judgments or other liens on the property. There are some contracts that allow the seller to choose the title company. " Where are Title Companies Used?

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Insurance Real Estate Home Value Buyers 36

Appraisal Buzz

AUGUST 1, 2022

When trying to understand the meaning of words in this manner, there is a legal premise that applies specific to understanding the language called the plain meaning rule. When reading contracts, words will always have their ordinary meaning unless defined otherwise. With that defined, let’s look at the definition of summary: Summary.

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Valuation Contracts Appraisal Legal 360