Housing Wire

JUNE 6, 2023

Sprout Mortgage and its ex-workers are close to settling several lawsuits over unpaid wages following the abrupt closure of the non-QM lender 11 months ago. The company also canceled health insurance coverage retroactively to May 1, resulting in several lawsuits against the lender. million and has started a new mortgage company.

Clients 318

Clients Mortgage Insurance Investors 318

Housing Wire

AUGUST 7, 2020

Suazo has over 15 years of leadership experience in the mortgage lending space with firms including Stearns Lending , Bank of America , Carrington Holding Company and CloudVirga. Before that Yankowski was president and CEO of Executive Title Insurance Services.

Technology 257

Technology Law Lending Legal 257

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.

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

Housing Wire

JULY 28, 2023

million settlement with Sprout Mortgage for unpaid wages goes through. million on mortgage purchase agreements. New Wave Lending Group , JMJ Financial Group and EF Mortgage filed on July 5 an involuntary petition against Sprout under Chapter 7 of the Bankruptcy Code in a New York court, claiming the lender owes $1.3

Mortgage 319

Mortgage Insurance Business Lending 319

Housing Wire

AUGUST 10, 2020

In its July 21, 2020, statement of charges, NYDFS alleged that First American Financial, one of the country’s largest title insurers, failed to properly respond to a security vulnerability on its website. Many mortgage lenders outsource the CISO function based on limited internal capabilities and capacity, as permitted by NYDFS regulations.

Training 370

Training Legal Mortgage Insurance 370

Housing Wire

SEPTEMBER 16, 2021

Kully previously worked at the Department of Housing and Urban Development as a senior attorney, in the legal division at Fannie Mae and as a partner at K&L Gates. Kris Kully: I have been following the trending innovations in the mortgage origination process. Not a bad gig for a starving student!

Finance 344

Finance Legal Development Training 344

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. Presented by: WFG.

Insurance 236

Insurance Government Advertising Legal 236

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.” This trend became a necessity during COVID-19 when real estate and title professionals found many that of their clients wanted to do business remotely.

Tools 283

Tools Human Resources Technology Real Estate 283

Housing Wire

OCTOBER 7, 2021

RealFi), a nonbank mortgage lender based in New York, accused the company’s top male executives of creating a toxic workplace through repeated sexual harassment and gender discrimination. This is the second recent lawsuit against a mortgage lender that claims top male executives fostered a toxic workplace. Department of Justice.

Insurance 316

Insurance Mortgage Clients Development 316

Housing Wire

FEBRUARY 9, 2021

Presented by: Motto Mortgage. All facets of real estate transactions, from appraisals and advice to financing and insuring, are highly regulated. Trying to innovate using an end-around will likely not only fail in the long run, but it may also land you in legal hot water. At this point, you need clients. Very regulated.

Real Estate 464

Real Estate Agents Technology Sellers 464

Housing Wire

MARCH 20, 2024

Now, real estate professionals champion the cause of buyers, managing over 100 tasks in each transaction to ensure their clients’ best interests are served. Many are already shouldering the burdens of high debt-to-income ratios, mortgage insurance premiums, and elevated interest rates to secure a foothold in homeownership.

Real Estate 471

Real Estate Buyers Agents Sellers 471

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!

Appraisal 75

Appraisal Mortgage Business Contracts 75

Lamacchia Realty

MAY 9, 2023

The actual down payment can vary anywhere from 3% down up to 20% or more depending on what program or type of mortgage loan the buyer chooses. A good attorney will make sure that all of the legal documentation is clear and correct, that all of the bases have been covered, and things that can help protect you are in place.

Insurance 71

Insurance Inspection Buyers Realty 71

Housing Wire

JUNE 11, 2021

During closing, buyers sign several legal documents and pay additional fees, some of which are recurring costs like property tax. Others are one-time closing costs expenses, which may include: loan origination fees, application fee, mortgage broker fee, title insurance, appraisal fees, title search fee and other miscellaneous payments.

Inspection 424

Inspection Appraisal Buyers Appraisal Process 424

Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. Mortgage lending work is only one type of business where appraisals are needed. I think potential clients appreciate this. My client loved their floor plan!

Business 393

Business Appraisal Real Estate Agent Clients 393

Housing Wire

MAY 26, 2023

But the patchwork of state, county and municipal requirements — in addition to federal rules and regulations — demands that a growing firm have access to an attorney or legal resources deeply familiar with the industry, as well as the region in which that firm intends to grow. Will it work well with your new clients in that market segment?

Business 326

Business Marketing Law Technology 326

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.

Reconsideration of Value 71

Reconsideration of Value Appraisal Real Estate Insurance 71

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.

Agents 78

Agents Appraisal Real Estate Realtors 78

Quicken Loans

MAY 12, 2021

Affect how much you pay for insurance. And, in some cases, getting married can even affect your mortgage. In some cases, having only one spouse on the mortgage might be the best option. In some cases, having only one spouse on the mortgage might be the best option. Let’s take a look at those.

Mortgage 68

Mortgage Law Business Legal 68

Housing Wire

APRIL 12, 2023

Ike Suri is chairman and CEO of FundingShield , a loan-level fraud prevention and risk management company that offers tech-based solutions to help clients securely manage funding processes and avoid wire-fraud schemes. Underreporting [of BEC fraud] is huge,” Suri said. Getting scammed] is an embarrassment. Doshi of Paymints.io

Real Estate 373

Real Estate Government Technology Real Estate Agent 373

Housing Wire

APRIL 16, 2024

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. Working as both an LO and agent was a way to better serve his clients, he said. according to the company. according to the company.

Real Estate Agent 435

Real Estate Agent Loan Officers Real Estate Agents 435

AmeriMac

MAY 15, 2024

We will also discuss the key differences between relocation appraisals and mortgage appraisals to provide a comprehensive understanding of the appraisal process. Unlike a traditional mortgage appraisal that determines the market value of a property, a relocation appraisal focuses on estimating the sales price through prospective analysis.

Appraisal 36

Appraisal Market Value Mortgage Appraisal Appraisal Process 36

Housing Wire

MARCH 28, 2024

Then, they think about the mortgage : a good rate, good monthly payments, and approval. More than a few real estate agents will roll their eyes and sigh when asked by a client, upon the signing of a sales contract, “What’s next?” However, the settlement process varies from client to client, location to location.

HOA 439

HOA Property Management Real Estate Agent Technology 439

Eppraisal

JULY 8, 2022

2) Provides insurance policies to protect the lender and the homeowner. " 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. 3) Handles closing details and escrow accounts."

Insurance 36

Insurance Real Estate Home Value Buyers 36

Raleigh Realty

FEBRUARY 19, 2022

We recently helped a client buy a home in the Holly Springs area that was new construction and it came with the actual survey as well as the lot being marked with wood stakes. They should also hold professional liability insurance which will cover you if the surveyor makes a mistake when surveying the property and goes over property lines.

Legal 148

Legal Government Insurance Construction 148

The Robert Weiler Company

MARCH 29, 2023

Reduce legal concerns. They can also take care of legal matters such as executing and terminating lease agreements, handling security deposits, collecting late rent payment fees, and evictions. Which kind of insurance do you have for your property management services? Do you have a preferred method of communication with clients?

Property Management 78

Property Management Tenants Real Estate Investors 78

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.

Appraisal 74

Appraisal Training Lending Land Management 74

Assurance Financial

NOVEMBER 9, 2021

However, tiny houses can come with big challenges for financing since their small size makes them ineligible for many mortgage and insurance plans. From finding the right mortgage to finding a legal place to store your home, you must understand the unique financial demands of a tiny house and prepare for challenges ahead of time.

Mortgage 36

Mortgage Finance Transportation Insurance 36

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. Although there are plenty of cryptocurrencies available, Bitcoin and Ethereum are the likely two that you’ll find title insurance and escrow companies willing to accept.

Real Estate 73

Real Estate Real Estate Agent Technology Contracts 73

Housing Wire

NOVEMBER 22, 2023

More than a few real estate agents will roll their eyes and sigh when asked by a client, upon the signing of a sales contract, “What’s next?” The process of orchestrating the collaboration of lenders, appraisers, home inspectors, one or two real estate agents, a title insurance company and possibly others is complex. in question.

HOA 417

HOA Real Estate Agent Technology Real Estate 417

Housing Wire

FEBRUARY 14, 2022

And so, because of that, we had to make our agents independent contractors and terminate their pension plan and health insurance.”. Nary an eye was blinked – much less legal action was taken – over these brokerage’s business moves. Alipour recalled one quarter last year where she wrote 21 offers on behalf of clients.

Business 369

Business Brokerage Real Estate Agent Agents 369

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. Although there are plenty of cryptocurrencies available, Bitcoin and Ethereum are the likely two that you’ll find title insurance and escrow companies willing to accept.

Real Estate 52

Real Estate Real Estate Agent Technology Agents 52

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?

HOA 381

HOA Real Estate Technology Investors 381

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. Private Island for $22M in North Carolina Excerpts: Just 30 minutes from uptown Charlotte, Merancas Island is accessed by causeway.

Appraisal 87

Appraisal Real Estate Valuation Contracts 87

Quicken Loans

NOVEMBER 22, 2021

It offers the chance to get into a home without a down payment and a one-time funding fee in place of mortgage insurance. No private mortgage insurance (PMI). There are closing costs associated with any mortgage that have to be paid by the client. What Are The Benefits Of VA Loans For Disabled Veterans?

Property Taxes 60

Property Taxes Sellers Finance Insurance 60

Quicken Loans

APRIL 12, 2021

Foreclosure happens when a borrower fails to pay their mortgage payments and the lender or mortgage investor must repossess the home. Foreclosure : the legal process in which a lender or mortgage investor takes back unpaid property. The lender is allowed to take back the home because a mortgage is a secured loan.

Inspection 54

Inspection Property Taxes Mortgage Investors 54

Assurance Financial

MAY 4, 2022

In today’s economic climate, many homeowners may find it challenging to make their large monthly mortgage payments. Especially for first-time homeowners, an unwieldy mortgage payment may feel stressful and overwhelming. What Are Mortgage Refinancing Closing Costs? Downloadable Guides. We hope you find this information helpful.

Mortgage 36

Mortgage Insurance Legal Inspection 36