Housing Wire

NOVEMBER 9, 2023

Redwood Trust and home equity fintech lender Point have closed on a $139 million bond secured by 1,577 home equity investment (HEI) contracts. In October, Unlock Technologies , another home-equity investment firm, and Saluda Grade , a private real estate investment firm, completed the first-ever securitization rated by DBRS Morningstar.

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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

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Housing Market Marketing Contracts Finance 375

Housing Wire

OCTOBER 23, 2020

The Federal Housing Administration announced on Wednesday the launch of its first automated underwriting system that will allow lenders to submit loan application data electronically for single family forward mortgages from their loan origination systems to FHA for mortgage insurance eligibility.

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Modernization Contracts Insurance Technology 433

Housing Wire

JANUARY 11, 2024

On the right tech mindset: Adam Carmel, Polly CEO : “When I was in lending, I think I always overestimated the impact technology or software, or more importantly, a switch in technology, would have on our business in the first six months or a year, and the difficulty in transitioning.

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Technology Contracts Business Appraisal 377

Housing Wire

DECEMBER 26, 2023

19 , FNF said it suffered a “ cybersecurity incident ” that led the system to shut down some of its networks, causing disruptions to its title insurance, escrow and other title-related services, as well as mortgage transactions. The infamous ransomware gang AlphV/BlackCat claimed to be behind the attack.

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Law Contracts Insurance Clients 478

Housing Wire

AUGUST 26, 2022

Polly, a software-as-service mortgage technology firm that operates a loan-trading platform, extended its Application Programming Interface (API) portfolio to better accommodate lenders amid a contracting mortgage environment. The company raised about $57 million of venture capital in three rounds since its launch three years ago.

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Insurance Technology Contracts Mortgage 343

Housing Wire

FEBRUARY 24, 2022

Another “Big Four” title insurer announced its fourth quarter earnings and yet again the numbers reached historic highs. Momentum in residential purchase and commercial revenue more than offset the ongoing contraction in refinance volumes, which have a significantly lower fee per file,” Nolan said. appeared first on HousingWire.

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Insurance Investors Technology Development 347

Housing Wire

DECEMBER 6, 2021

In the next five-to-10 years, Doma CEO Max Simkoff wants to make it possible for a homebuyer to sign a contract on their new home on a Friday evening and move in on a Monday morning. As title insurers our business practices and our regulatory oversight are different in every single state,” Stone said. “So

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Modernization Real Estate Agent Insurance Real Estate 381

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.

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Tools Sellers Technology Loan Officers 286

Housing Wire

AUGUST 8, 2023

Lender Toolkit accused Celebrity Home Loans and MLD Mortgage of breach of contract. Both lenders entered into a contract with Lender Toolkit in 2021. Lender Toolkit says Celebrity owes at least $97,288 and MLD Mortgage $138,069. That’s according to separate filings made in the U.S.

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Mortgage Contracts Legal Business 261

Housing Wire

DECEMBER 27, 2023

With its four largest firms all at least 100 years old, the title insurance industry has a bit of a reputation for being antiquated and technology averse. “I It has begun to adopt and integrate more and more technology into the title search and production process.

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Housing Wire

FEBRUARY 27, 2024

According to the company, the cyberattack will add approximately $12 million to $17 million in expenses to its first-quarter earnings, the net of expected insurance coverage. loanDepot is accused of negligence, breach of contract and unjust enrichment, among other allegations. The number of individuals affected exceeds the 16.6

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Contracts Insurance Mortgage Marketing 405

Housing Wire

DECEMBER 6, 2023

Address other important items, including relevant contact information for support professionals, such as legal counsel, insurance providers and emergency services. Embrace technology If you still rely on paper and pen, it’s time to enter the 21st century. Each will provide invaluable support through difficult situations. Even better?

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Real Estate Legal Tenants Clients 384

Housing Wire

AUGUST 23, 2023

” Better is partnering with other businesses to offer services such as homeowner’s insurance and to provide access to a network of real estate agents, rather than offering these products and services directly to borrowers. That technology platform has helped us maintain best-in-class compliance and regulatory audits.

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Realtors Technology Insurance Mortgage 351

Housing Wire

APRIL 7, 2022

In 2008, as the financial crisis was unfolding, he landed a job at secretive big data startup Palantir , where he learned that the $10 trillion mortgage industry was still in the Stone Age technologically. People are looking for new strategies, new technology, evolutions, new platforms, new workflows.”. Right again.

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Mortgage Technology Clients Insurance 360

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.” Across every industry, there has been a COVID catalyzed and dramatic increase and reliance upon and adoption of technology,” Barton said.

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Tools Human Resources Technology Real Estate 256

Housing Wire

AUGUST 7, 2023

Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading. Technology and the trust model Real estate is too vital to our economy to be so financially concentrated and functionally outdated.

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Real Estate Supply Chain Architecture Brokerage 324

Housing Wire

APRIL 13, 2022

Phishing schemes continue to be the most prominent form of attack on the mortgage industry because hackers have many avenues of planting themselves into a mortgage transaction, according to a panel of mortgage executives speaking at the Mortgage Bankers Association’s Technology Solutions Conference & Expo 2022 in Las Vegas this week.

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Real Estate Agent Mortgage Real Estate Agents 426

Housing Wire

DECEMBER 8, 2023

Prospective Arizona real estate agents must fulfill a 90-hour prelicensing program from an Arizona Department of Real Estate (ADRE)-approved school and pass a six-hour contract writing course , for a total of 96 class hours. Course includes contracts used in real estate transactions with samples and practical contract completion exercises.

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Real Estate Contracts Law Real Estate Agent 321

Housing Wire

MARCH 29, 2023

After all, title insurance is only issued after the public records are thoroughly scrutinized. That means actions like slowing planned investments in technology, layoffs and the elimination of third-party provider or service contracts that aren’t deemed mission critical.

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Training Business Technology Insurance 297

Housing Wire

JULY 7, 2022

Since the announcement , we have heard from a number of lenders and partners about their excitement over our ability to accelerate the digital journey of our industry, our ability to invest in the modernization of the MSP servicing platform, and the open technology approach we bring to the deal.

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Modernization Technology Investing Mortgage 380

Housing Wire

APRIL 9, 2024

Similarly, seemingly every element of a real estate transaction demands numerous siloed service providers working simultaneously with technology and data kept in silos. Almost every state, county and municipality has its own, unique set of real estate customs, laws and regulations.

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HOA Real Estate Technology Investors 346

Housing Wire

JULY 14, 2022

Some of the independent title insurers the firm contracts out to were having an issue. Check back soon as we architect a robust future where technology safely enables the exchange of commerce. To our loyal customers, we thank you for your continued support and look forward to servicing your information technology needs.”.

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Insurance Business Technology Training 358

Housing Wire

DECEMBER 20, 2021

In the next five-to-10 years he wants to make it possible for a homebuyer to sign a contract on their new home on a Friday evening and move in on a Monday morning. Simkoff said Doma will look to enter into these spaces through its own technological developments, as well as mergers and acquisitions.

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Housing Wire

JULY 12, 2022

When we started, the idea was to obtain exterior photos as fast as possible, at a time when Uber, Lyft and marketing technology was advancing, and anyone with a smartphone could get exterior photos,” said Tomaszewski, who worked to turn his idea into ProxyPics. The seller accepts it; they go into contract. Presented by: Reggora.

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Appraisal Inspection Real Estate Agent Training 402

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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Housing Wire

JULY 20, 2023

The largest expense for teams was employment cost — salaries, wages, employment taxes and contract labor. This is true not just for teams but for businesses of all shapes and sizes (outside of a few giant technology firms.),” says Murray. Whether it be in accounting, marketing, occupancy, insurance, etc.,

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Real Estate Brokerage Agents Business 258

Housing Wire

MARCH 7, 2022

Blockchain technology is probably best to record ownership interests for intangible assets associated with intellectual property rights,” Moringiello said in an interview. A deed transfer often includes the new owner ensuring they are the property holder through title insurance. But Wallace of Figure said that technology and U.S.

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Real Estate Law Inspection Agents 457

Housing Wire

OCTOBER 25, 2022

” With falling production, mortgage companies are slashing expenses, primarily through layoffs and vendor contracts. “Mortgage insurers are forecasting between $1.3 In 2023, purchase originations are forecast to decrease by 3% to $1.53 ” For some mortgage industry executives, however, MBA estimates are conservative.

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Mortgage Contracts Insurance Business 298

McKissock

APRIL 3, 2022

With how quickly the crypto wave is catching on in general, this is a good time for real estate agents to study how crypto technology can potentially be used to benefit your real estate practice before it becomes a new norm — with or without you. Real Estate Smart Contracts. Marketplace Platforms.

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Real Estate Real Estate Agent Technology Contracts 73

Housing Wire

DECEMBER 20, 2022

As we head into 2023, HousingWire sat down with Chris Boyd, the vice president of product at homebuilding technology company Built , to discuss what we should expect from the homebuilding industry in the coming year. All of this has resulted in a nosedive in homebuilder sentiment. This interview has been edited for length and clarity.

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Supply Chain Construction Inventory Finance 357

McKissock

MAY 8, 2022

With how quickly the crypto wave is catching on in general, this is a good time for real estate agents to study how crypto technology can potentially be used to benefit your real estate practice before it becomes a new norm — with or without you. Real Estate Smart Contracts. Marketplace Platforms.

Real Estate 52

Real Estate Real Estate Agent Technology Agents 52

Lamacchia Realty

SEPTEMBER 16, 2022

In this new role, Kim will now take on more business responsibilities within Lamacchia Companies, including business insurances, bonds, and licenses. Kim will continue to oversee all employee onboarding, job postings, training, job offers, employee contracts, as well as employee records and HR systems management. “I technology ,?and?

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Human Resources Realty Training Realtors 73

Housing Wire

JUNE 15, 2022

The lender expects to turn a profit this year by reducing costs upwards of 30% through a renegotiation of worker contracts, but not through layoffs. Six months ago, at a rate of 2.87%, borrowers would pay $2,497 per month for principal, interest, taxes and insurance on a $450,000 house. More layoffs to come. trillion in 2022 and $2.3

Mortgage 378

Mortgage Investors Clients Marketing 378

Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added.

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Renovations Investing Real Estate Marketing 278

Appraisal Today

JUNE 16, 2023

(Freddie Mac Announcement: “Loan Collateral Advisor: Starting June 29 New Messages Alert Users to Certain Unacceptable Appraisal Practices,” April 28, 2023) To read, click here So, if we have the technology and tools to present our conclusions in clearer, fact-based ways, let’s get ahead of the program and make the changes proactively.

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Appraisal Contracts Design Mortgage 75

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. Some property managers are more adept than others in using modern technology and keeping their finger on the pulse of the industry. Reduce legal concerns. What is their pricing breakdown?

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