Housing Wire

DECEMBER 26, 2023

.” “Based on our investigation, we understand that your name, address, social security number, and loan number may have been obtained by the unauthorized third party,” the document states. The suit was filed by Teneika Tillis , a Loancare servicing client, in the U.S. District Court for Central California.

Law 491

Law Contracts Insurance Clients 491

GoForrmz

APRIL 12, 2021

Augment your manufacturing contracts with these powerful fields and features Digital form fields and features can significantly improve the completeness and professionalism of your manufacturing contracts and service agreements. Ready to digitize your digital manufacturing contracts and service agreements?

Contracts 158

Contracts Clients Business 158

Housing Wire

JANUARY 18, 2024

Qualia is suing both Settlor and Myers for misappropriation of trade secrets, and it is suing Myers for breach of contract, and Settlor for intentional interference with a contract. The plaintiff also states that as the former leader of the Resware team, Myers knew the value of the information she took.

Contracts 421

Contracts Government Business Marketing 421

Movoto

APRIL 8, 2024

This is a legally binding agreement between the buyer and seller that helps ensure the sale will be completed according to the contract’s outlined conditions. Real estate purchase contracts come into play to protect both parties and move the sale forward, helping prevent either party from wasting the other’s time and money.

Contracts 36

Contracts Real Estate Property Taxes Legal 36

Housing Wire

NOVEMBER 2, 2023

California-based nonbank lender loanDepot is suing former chief operations officer Tammy Richards for breach of contract and fiduciary duty, accusing her of stealing confidential information concerning the lender’s customers. loanDepot filed the lawsuit on Oct.

Contracts 410

Contracts Legal Retail Training 410

Housing Wire

FEBRUARY 16, 2023

Instead of paper promissory notes, the borrower’s promise to pay is recorded via an eNote — the key document signed at closing — and an original is stored securely in the eVault. The solution’s document repository allows users to tightly control and track access, status changes and retention policies of the original documents.

Contracts 295

Contracts Technology Clients Design 295

Housing Wire

JANUARY 13, 2023

Our upcoming State of the Residential Construction Industry (SORCI) Report will reflect how builders have braced for impact: Despite the rate of new contracts slowing, margins didn’t decrease. of builders showed profitability with $1 million plus contracts on average. A documented process can help builders achieve industry standards.

Marketing 473

Marketing Contracts Supply Chain Project Management 473

Will Springer Realtor

MAY 2, 2023

They have safeguards built in to written agreements such as a purchase contract on a home. Assuming the buyer followed the rules of the contract contingency, he/she would get the earnest money back and the deal is off the table – all thanks to this important condition. More on HOA documents.) Home buyers are consumers.

Contracts 54

Contracts Buyers HOA Inspection 54

Housing Wire

SEPTEMBER 23, 2022

Eghbal “Eddie” Saffarinia, 62, of Alexandria, Virginia, perpetrated a scheme to conceal key facts, including the extent and nature of his relationship with a “personal friend” who was the owner and CEO of an information technology company, according to court documents and evidence presented a trial.

Government 397

Government Development Contracts Technology 397

Appraisal Buzz

AUGUST 20, 2021

Oaktree Funding offers a wide range of mortgage products, including competitive non-QM and non-agency programs: for example, low-document bank statement and investor loans with limits as high as $4 million. “As The post Oaktree Funding Now a Participating Lender in Calyx Point appeared first on Appraisal Buzz.

Contracts 370

Contracts Investors Appraisal Mortgage 370

Housing Wire

JANUARY 3, 2024

Deran Pennington, a former Movement Mortgage top sales executive sued for poaching by the lender, filed a counterclaim alleging that Movement breached the contract by failing and refusing to pay his due compensation. million and liquidated damages for the company’s breach of contract. In total, he asks for about $13 million.

Contracts 421

Contracts Legal Mortgage 421

Housing Wire

NOVEMBER 29, 2021

The Mortgage Industry Standard Maintenance Organization (MISMO) announced last week that the organization is looking for participants for an initiative focused on standardizing pre-closing title document data sets. This frequently results in delayed document review and general inefficiencies in pre-closing procedures.

Insurance 408

Insurance Real Estate Agent Brokerage Agents 408

Housing Wire

JANUARY 11, 2024

TCB’s contract with RMF and the bankruptcy court order also expressly stated that TCB’s right to a lien was subject to GNMA’s extinguishment rights.” 31, 2022, special requirements for HECM reverse mortgage loan pools, TCB’s tail agreement and documents from RMF’s bankruptcy case unfolding in the U.S.

Lending 432

Lending Government Legal Law 432

Housing Wire

OCTOBER 5, 2023

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. The recent Saluda Grade-sponsored rated offering represents the sixth securitization deal since 2021 backed fully by shared-equity contracts — valued in total at some $1.3

Housing Market 421

Housing Market Marketing Contracts Finance 421

Housing Wire

APRIL 18, 2023

However, there is an opportunity in the closing process for better integration between platforms to improve communication and sharing of documents between the brokerage, lender and closing company, each of which has its own process and technology, to relieve some of that stress.

Tools 383

Tools Sellers Technology Loan Officers 383

Housing Wire

APRIL 18, 2024

She also included allegations of breach of contract, misappropriation of likeness and tortious interference with prospective contracts. The document also says that Moschella’s decision was only based on her “membership in a protected class, her gender.”

Loan Officers 450

Loan Officers Human Resources Contracts Mortgage 450

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.” Currently, 32 U.S. states allow full eClosings. RON bills have also been introduced in several other states, and at the federal level.

Tools 375

Tools Human Resources Technology Real Estate 375

Housing Wire

JUNE 29, 2023

It also accuses Movement of inducing these employees to breach contracts by soliciting others to leave loanDepot. A Movement representative did not return a request for comments. ” loanDepot has ongoing arbitrations with certain of the former employees.

Retail 421

Retail Contracts Legal Business 421

Housing Wire

AUGUST 31, 2022

Outsourcing or hiring in-house compliance experts are no longer the only options for servicers who need help handling lien releases and assignment of mortgage documents. Data entry is a separate function and can be completed with client staff or offshore partners.

Clients 370

Clients Technology Inspection Contracts 370

Housing Wire

NOVEMBER 16, 2021

of the [loan] pool is concentrated in Maryland per the transaction documents,” states the November 10 Fitch presale report for PIMCO’s latest offering — issued through a conduit called BRAVO Residential Funding Trust 2021-HE3. Learn about the tools lenders should leverage to streamline home equity title and closing. Presented by: ServiceLink.

Investors 409

Investors Marketing Contracts Investing 409

Housing Wire

APRIL 18, 2023

Given that HELOC organizations are more streamlined than closed-end lending, there is greater importance for the adoption of electronic closing documents, MISMO said last week, calling for participants to join a new development workgroup (DWG). The volume of HELOC loans declined by 17% to $60.1

Lending 368

Lending Renovations Real Estate Finance 368

Housing Wire

JULY 19, 2023

A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract. Consider the following, fairly common scenario and the result: A seller signs a listing contract with a real estate brokerage for six months. A seller-client cancels a listing.

Real Estate 370

Real Estate Legal Brokerage Clients 370

Housing Wire

SEPTEMBER 30, 2021

Further, our platform has a POS and LOS that are tightly integrated for bi-directional data and documents, removing the hurdles of disparate systems.”. This allows the borrower to upload their documents and check-in on outstanding documents. Michael Farris, Vice President of Strategic Solutions at Origence.

Mortgage 384

Mortgage Contracts Technology Modernization 384

Housing Wire

FEBRUARY 24, 2021

Digital notary startup Notarize is now offering free notarizations in an effort to eliminate racial covenants in title insurance documents. “Changes to a title require a document to be notarized, and Notarize wanted to help,” said Cristin Culver, a spokesperson for Notarize. Notarize stepped in to offer help.

Law 409

Law Real Estate Brokerage Contracts 409

Housing Wire

DECEMBER 21, 2022

The court quickly imposed a temporary restraining order to the case, which prohibited the former employees from using documents and mandated the return of the filings containing customer information that loanDepot claims they improperly took to CrossCountry.

Legal 410

Legal Loan Officers Contracts Business 410

Listing Spark

FEBRUARY 6, 2023

Episode Summary In this episode, Aaron Jistel (Broker and Co-Founder at ListingSpark) focuses on how recent changes to Texas Real Estate Commission’s contracts and documents may affect home sellers and buyers. These changes will go into effect February 1st.

Contracts 36

Contracts Real Estate Sellers Buyers 36

GoForrmz

JANUARY 19, 2023

In an all-digital world, meeting the data security and compliance requirements with your workplace documents is a minimum expectation of your clients. With GoFormz + eSign, you can now seamlessly digitize your paper documents while capturing legally binding electronic signatures - all within seconds.

Business 148

Business Legal Contracts Clients 148

Housing Wire

NOVEMBER 3, 2023

Change accused Levine of committing fraud and breaching his contract with the firm to advance his scheme to extort Change and its principals for over $10 million. In 2015, Levine’s former employer, TPG Global, also sued him for taking confidential documents and distributing them to media outlets after being denied a promotion.

Lending 410

Lending Finance Legal Contracts 410

Housing Wire

AUGUST 28, 2023

In particular, the CDFI designation exempts lenders from complying with the Consumer Financial Protection Bureau ’s ability-to-repay rule, which requires mortgage lenders to document a borrower’s income, assets, employment and credit history.

Lending 370

Lending Design Finance Contracts 370

Housing Wire

JANUARY 25, 2023

The platform provides a secure way to upload sensitive documents and automates underwriting. Guaranteed Rate renewed its contract with translation company TransPerfect on Tuesday to provide homebuyers with Spanish-speaking agents and other resources. Its total loan volume amounted to $116 billion in 2021.

Buyers 384

Buyers Contracts Insurance Mortgage 384

Housing Wire

JULY 26, 2022

District Court of Southern District of New York against Sprout Mortgage and Sprout Mortgage Asset Trust for fraud, breach of contract, promissory estoppel and unjust enrichment. New Wave filed the lawsuit Monday in the U.S. Sprout’s executives did not immediately return a request for comment, nor did executives at New Wave.

Mortgage 384

Mortgage Legal Lending Investors 384

Housing Wire

JULY 26, 2022

District Court of Southern District of New York against Sprout Mortgage and Sprout Mortgage Asset Trust for fraud, breach of contract, promissory estoppel and unjust enrichment. New Wave filed the lawsuit Monday in the U.S. Sprout’s executives did not immediately return a request for comment, nor did executives at New Wave.

Mortgage 370

Mortgage Legal Lending Investors 370

GoForrmz

MAY 7, 2024

A-C Electric Company: Streamlining Safety Documentation A-C Electric Company is one of the largest electrical contractors in Central California. The seamless form-filling experience made it easier for workers to complete critical safety documentation, resulting in significant weekly time savings. Balmain & Co.:

Construction 78

Construction Inspection Technology Contracts 78

Housing Wire

JANUARY 10, 2024

The lender asserted claims for breach of contract, fraud, unfair competition and tortious interference, among others. According to the document, the award arises from “Defendants’ breaches of their employment agreements and violations of their other legal duties during their employment in Washington.”

Legal 421

Legal Lending Contracts Mortgage 421

Housing Wire

JANUARY 27, 2022

Vesta has a system of record for loan origination data and documentation; a workflow engine to orchestrate process among borrowers, loan officers, underwriters; and open APIs (application programming interface) for partners to build their own solutions.

Mortgage 384

Mortgage Investors Loan Officers Technology 384

Housing Wire

SEPTEMBER 1, 2020

Documents need to be collected, credit scores need to be checked, appraisers need to be arranged. Sales and contracts aren’t yet back up to normal levels, but the return of families – often for school – has meant more deals are being discussed, he said. The banks need bodies. There’s a lot of mortgages to be processed.

Loan Officers 410

Loan Officers Retail Lending Contracts 410

Housing Wire

SEPTEMBER 11, 2020

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic caused the worst economic contraction since the Great Depression. A further reduction in loan programs with low credit scores, high LTVs, and reduced documentation requirements also continued to drive the overall decline in credit availability.”.

Mortgage 545

Mortgage Government Contracts Lending 545