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 373

Contracts Government Business Marketing 373

Housing Wire

AUGUST 14, 2023

It significantly streamlined transactions , slashing hours of wasted drive time chauffeuring documents in between soccer games and dinners, creating competitive advantage by shortening contract periods and empowering agents to conduct business across borders in minutes versus days. It was nothing short of a time-saving miracle.

Real Estate 331

Real Estate Real Estate Agent Marketing Technology 331

Housing Wire

MARCH 28, 2024

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. There’s an entire industry built upon the “what’s next” in question.

HOA 410

HOA Property Management Real Estate Agent Technology 410

Housing Wire

MAY 19, 2022

HousingWire recently spoke with Jon Irvine, Chief Production Officer at Change Lending, about how brokers can gain a new competitive advantage in the current tight market. As a result, brokers will be forced to look to the purchase market to fill their volume needs. The post How can brokers get ahead in a tight market?

Marketing 391

Marketing Lending Inventory Mortgage 391

Housing Wire

APRIL 9, 2024

While ChatGPT has almost become a caricature of itself or a buzzword, AI solutions are already making a huge difference in the world of real estate, and not just with marketing materials or basic communications. HOA requirements and documentation: a case in point.

HOA 346

HOA Real Estate Technology Investors 346

Housing Wire

NOVEMBER 16, 2023

The plaintiffs alleged that NAR’s Clear Cooperation Rule is “a market-shaping and distorting rule” that stifles innovation and competition. In particular, there are three levers of control that allow NAR to exert influence not just over transaction pricing, but also over market evolution and the pace and direction of innovation.

Realtors 384

Realtors Contracts Real Estate Agents 384

Housing Wire

JUNE 9, 2022

That negatively affected liquidity options in both the loan-trading and securitization markets as higher-rate loans [above 5%] subsequently hit the market. So, when rates are rising, and the market is compressing, non-QM becomes a more vogue product,” Yoon added. Non-QM is a counter cyclical product.

Marketing 354

Marketing Contracts Technology Mortgage 354

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 13, 2023

For the non-QM lenders serving the single-family investment-property space who have managed interest-rates well to stay ahead of the market, however, there’s still plenty of opportunity to pick up market share, industry observers argue. . by the end of 2023,” the MBA’s December market-forecast report states.

Marketing 400

Marketing Investing Investors Landlords 400

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 270

Contracts Technology Clients Design 270

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 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. There’s an entire industry built upon the “What’s next?” in question.

HOA 396

HOA Real Estate Agent Technology Real Estate 396

Housing Wire

APRIL 24, 2024

Per the terms of the contract, Sagent was tasked with integrating Mr. Cooper’s consumer-first platform into a cloud-native core, then licensing the resulting cloud-based platform to banks and independent mortgage companies. Servicing generated pretax operating income, excluding other mark-to-market, of $273 million in Q1 2024.

Technology 288

Technology Lending Investing Contracts 288

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. ” It also claimed the company needed its “COO to step up” when the market was booming.

Contracts 339

Contracts Legal Retail Training 339

Housing Wire

MAY 12, 2022

Inventory is contracting. Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. Yes, a customer should be able to upload documents to a portal or receive a digital approval letter. Rates are rising.

Lending 294

Lending Marketing Technology Contracts 294

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 55

Contracts Buyers HOA Inspection 55

Appraisal Today

APRIL 2, 2023

What Do Appraisers Look For in a Sales Contract? 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.

Contracts 52

Contracts Appraisal HOA Architecture 52

Housing Wire

JANUARY 27, 2023

After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead. JVM, which has also had a market presence in Texas since 2017, saw opportunity for investment properties and plans to capitalize on the growing market.

Lending 361

Lending Real Estate Agent Loan Officers Retail 361

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 286

Tools Sellers Technology Loan Officers 286

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. The drop in the availability of credit was “driven by a reduction in supply from both conventional and government segments of the market,” said Joel Kan, an MBA associate vice president.

Mortgage 545

Mortgage Government Contracts Lending 545

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. Between navigating a post-pandemic world, rate hikes and the threat of a recession, mortgage lenders across the country are managing a volatile housing market.

Mortgage 350

Mortgage Legal Lending Investors 350

Housing Wire

JANUARY 25, 2023

. “This program helps tear down these barriers and open more doors to the houses, neighborhoods, and lifestyles of our customers’ dreams, an investment that will help build a foundation for generations to come,” Kasey Marty, executive vice president of secondary marketing at Guaranteed Rate, said in a statement.

Buyers 368

Buyers Contracts Insurance Mortgage 368

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. Between navigating a post-pandemic world, rate hikes and the threat of a recession, mortgage lenders across the country are managing a volatile housing market.

Mortgage 348

Mortgage Legal Lending Investors 348

Housing Wire

SEPTEMBER 1, 2020

Documents need to be collected, credit scores need to be checked, appraisers need to be arranged. With interest rates at historic lows and a rush on the suburban market, lenders in New York City and its bedroom communities are working overtime to process what they say is an unprecedented book of business. The banks need bodies.

Loan Officers 372

Loan Officers Retail Lending Contracts 372

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. The platform supports approval, underwriting, closing, and funding of home loans.

Mortgage 343

Mortgage Investors Loan Officers Technology 343

Housing Wire

DECEMBER 15, 2022

Amid elevated mortgage rates, continued emphasis on regulatory oversight and a worsening 2023 market outlook, many lenders are reassessing their risk tolerance, which can lead to a tightening of their lending standards. In a contracting market, how can lenders gain a competitive advantage? How can lenders expand the credit box?

Clients 326

Clients Contracts Lending Technology 326

Housing Wire

DECEMBER 27, 2023

I always joke that we work in an industry that literally researches the past, and because of that, sometimes, I feel like our marketing, sales, and technology live there too,” Sam Trimble, vice president of strategic growth and development at Fidelity National Financial , said. Not only did it take a lot of time, but it cost a lot of money.

Technology 402

Technology Business Insurance Development 402

Housing Wire

JUNE 21, 2022

The capital markets depend on the due diligence, transparency, and protection our industry provides to do its job. Professionals conduct the search and examine documents, with title companies regularly providing a discount, or “reissue rate” on a refinance. Real estate is a $3 trillion industry in the United States.

Insurance 506

Insurance Easement Real Estate Investing 506

Housing Wire

NOVEMBER 7, 2023

loanDepot , the California-based lender targeting profitability next year, delivered its sixth consecutive quarterly loss in the third quarter of 2023, according to documents filed with the Securities and Exchange Commission (SEC) on Tuesday. Looking forward, Martell said the market will remain substantially similar to 2023 levels in 2024.

Legal 395

Legal Contracts Real Estate Mortgage 395

Housing Wire

APRIL 20, 2022

In their place are slick videos, glossy Instagram marketing photos and digital business cards. “I Just how we do contracts now is so much faster. Then also if I am using Command to do something and my assistant gets on to build a marketing campaign, we can’t do things at the same time, it just won’t work.”.

Real Estate Agent 372

Real Estate Agent Real Estate Agents Brokerage 372

Housing Wire

FEBRUARY 16, 2024

“As long as sellers can make buyer-broker commission offers, they will continue to offer ‘customary’ commissions out of fear that buyer brokers will direct buyers away from listings with lower commissions — a well-documented phenomenon known as steering,” the filing reads. “A

Sellers 422

Sellers Buyers Real Estate Contracts 422

Housing Wire

DECEMBER 20, 2021

residential real estate market based on gross written premiums. These additional markets take us closer to our goal of providing nationwide coverage with the Doma Intelligence platform,” Max Simkoff, CEO of Doma said in a statement. This brings the platform’s coverage to approximately 83% of the U.S.

Inspection 363

Inspection Contracts Appraisal Real Estate 363

Housing Wire

AUGUST 1, 2021

ICE Mortgage Technology’s Encompass eClose allows lenders to electronically order documents, collaborate with settlement agents and partners, eSign documents with borrowers, electronically record and will soon deliver electronic notes and vault to eRegister with MERS. Nancy Alley, VP, Product Strategy of ICE Mortgage Technology.

Technology 352

Technology Mortgage Agents Contracts 352

Housing Wire

DECEMBER 8, 2023

Ultimately, every homebuyer prospect, every contract and every negotiation is different, but your value should be consistent for all situations and clients. In today’s market, having a preapproval, at the minimum, is a must. With a changing market, home inspections are now becoming a secondary point of negotiation.

Clients 384

Clients Real Estate Inspection Buyers 384

Housing Wire

DECEMBER 29, 2023

If so (and even if you haven’t been doing this long enough to feel a market shift coming long before it does) I’d encourage you to do a few things now to prepare for what will likely be a hectic and fast-moving Q1. Declare email amnesty. Yes, you heard that right. Twixmas is your time. Select all and delete.

Brokerage 338

Brokerage Real Estate Contracts Business 338

Housing Wire

SEPTEMBER 25, 2021

Available first for conventional loans, Bolt will sort the data from a loan file, validate the information, provide income verification, split out the documents needed and print an initial approval in 15 minutes or less, Ishbia said. Every day that a loan sits out there, the likelihood that it closes goes down,” Ishbia said. It’s the future.”

Appraisal 382

Appraisal Appraisal Process Contracts Business 382

Housing Wire

JULY 6, 2022

PFSI), which ranks as one of the top five mortgage lenders nationally, are seeking to raise more than $700 million in the debt markets through the sale of notes secured by mortgage servicing rights. And fast-rising rates in 2022 have quelled the once-booming refinancing market, which is a major driver of mortgage prepayments.

Investing 328

Investing Finance Mortgage Market Value 328