Housing Wire

FEBRUARY 10, 2022

Reverse mortgage software solutions and loan origination system (LOS) provider ReverseVision announced on Thursday morning that it has been acquired by a division of Toronto-based Constellation Software , a holding company that bought another mortgage LOS in 2019. Leadership at Constellation Mortgage Services, Inc.

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Development Modernization Technology Mortgage 377

Housing Wire

MAY 24, 2021

Our first goal was to make mortgage lending easier and more accessible, but we’ve been intentional in recognizing that our technology can be used to facilitate so much more, including commercial lending, servicing, foreclosure and more,” Ligris said. How modernized servicing creates customers for life.

Technology 406

Technology Lending Investors Modernization 406

Clear Capital

AUGUST 30, 2023

AURA is designed to complement the use of UCDP/EAD results and allows LenderX customers to control automated ordering based on criteria like agency, loan type, loan amount, estimated value, investor, and Fannie Mae Collateral Underwriter (CU) score.

Modernization 69

Modernization Appraisal Valuation Real Estate 69

Housing Wire

JUNE 9, 2021

He’s right and we disagree with the Community Home Lenders Association ’s assertion that such an affirmative obligation should not also extend to independent mortgage companies. Bank CRA obligations cover far more than their mortgage lending. They stepped into the void created as some large banks retreated from the mortgage market.

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Lending Development Government Finance 485

Housing Wire

APRIL 30, 2022

To support lenders and appraisers in meeting these new desktop appraisal guidelines, Clear Capital has developed two new desktop appraisal solutions, Desktop Appraisal and Desktop Data Collection, which launched April 5. lenders and nearly every mortgage investor. Duane Andrews, CEO, Clear Capital.

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Appraisal Valuation Technology Real Estate 368

Housing Wire

MARCH 1, 2022

In January I received a text message from Dave Savage, CEO of Mortgage Coach. News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). Tech100 Mortgage Winners. Jobs are important.

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Real Estate Brokerage Real Estate Agent Technology 372

Housing Wire

AUGUST 1, 2023

From leading mortgage companies and real estate firms to spearheading groundbreaking initiatives and driving policy reforms, these honorees are making an indelible impact on housing.

Real Estate 370

Real Estate Realty Lending Mortgage 370

Appraisal Buzz

FEBRUARY 7, 2022

Let’s take some time to reintroduce Desktop Appraisals and explore the risks that are presented when a Desktop Appraisal is requested of an appraiser as part of the mortgage application process. Prior to 2020, the most common appraisal label in the mortgage origination ecosystem was the Full Appraisal. Appraisal Labels.

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Appraisal Inspection Development Technology 435

Housing Wire

MAY 27, 2022

This week’s HW+ member spotlight features Jeremy Potter, chief evangelist at Stavvy , a 2022 Tech100 Mortgage winner. He has also held leadership roles at Quicken Loans , now Rocket Mortgage , and Normcom Mortgage. It’s also more modern and appealing to first-time home buyers. Jobs that create houses.”

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Modernization Legal Contracts Mortgage 377

Housing Wire

AUGUST 7, 2023

Technology hasn’t been the barrier since 1998 when Equifax, and later other firms, developed systems to secure complex, multi-party transactions over the Internet. MERS provided a trusted “golden record” of the owner of the mortgage loan asset, Simplifile reaches the county recording end-points, IDC integrated $5.2B

Real Estate 367

Real Estate Supply Chain Architecture Brokerage 367

Housing Wire

JANUARY 31, 2021

Mortgage servicers are staying busy. The company recently launched ClearLabs, an in-house research and development group that works alongside industry leaders and government-sponsored enterprises (GSEs) to continually build on what’s possible in compliant real estate valuation and analytics.

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Valuation Technology Development Real Estate 264

Housing Wire

APRIL 7, 2023

When this back and forth was unfolding, mortgage demand rose 2.9% compared to the week prior and the average contract interest rate for 30-year fixed-rate mortgages with loan balances of $726,200 or less, decreased from 6.48% to 6.45%. An opportunity for commercial real estate investors and developers? I think so too.

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Retail Real Estate Clients Modernization 386

Appraisal Buzz

OCTOBER 11, 2021

If they’re in the mortgage industry, they’ll likely fall into one of two groups – those who understand the value you bring to the home finance transaction and those who think you fill out forms. Some appraisers are vehemently opposed to some of these modernization efforts because they remove some of the steps in our traditional process.

Appraisal 397

Appraisal Clients Advertising Investors 397

Housing Wire

JANUARY 14, 2022

Last Friday, HomeSmart filed an “ S-1 ” with the Securities and Exchange Commission , a document that conveys HomeSmart’s intention to sell company shares to prospective investors and the public. HomeSmart, like Compass , Keller Williams , eXp and other brokerages, states it has unique technology to modernize real estate.

Brokerage 413

Brokerage Agents Real Estate Loan Officers 413

DW Slater Company

JUNE 16, 2022

They had simulators that you sat in and gave you all kinds of tests to develop your defensive driving skills. Mortgage rates are already moving up and are projected to move higher. One factor that we did not consider was the impact of institutional investors. The investors either resold the homes or rented them.

Supply Chain 159

Supply Chain Real Estate Investors Appraisal 159

Housing Wire

OCTOBER 6, 2020

Talk to any mortgage technologist about the future of the industry and two topics will emerge immediately: big data and smarter automation. Joe Camerieri, EVP Mortgage Cadence. Today, while the mortgage industry has the technology to support this, we’re still in the early stages of determining how it should be used.

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Technology Mortgage Investing Investors 442

Housing Wire

FEBRUARY 21, 2024

Navy captain who served as the vice president of business development for multinational firm BAE Systems before joining Sagent on Feb. “We took some time to listen to the industry about what they wanted in a mortgage servicing platform,” Perry Hilzendeger, executive vice president of servicing at Sagent, said in an interview.

Technology 387

Technology Modernization Clients Mortgage 387

The Robert Weiler Company

MARCH 29, 2023

As an investor, you know that income-generating properties can bring a reliable monthly cash flow and build long-term wealth. Ask for referrals from industry professionals, such as commercial real estate brokers, appraisers, developers, and investors. Join a local commercial real estate investor network.

Property Management 78

Property Management Tenants Real Estate Investors 78

Appraisal Today

DECEMBER 16, 2022

Industry Insider Insight on Risk and Modernization. Lenders want a compliant document that allows the loan package to be sold as quickly as possible, while investors want an appraisal that allows for securitization or resale to another downstream buyer. Fannie New Appraisal Form Modernization. Worth attending. Work the Angles.

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Modernization Appraisal Contracts Real Estate 52

Appraisal Buzz

SEPTEMBER 5, 2022

Communication took on many forms, including development of written documents stating client reporting requirements, utilizing technology platforms to increase transparency throughout the appraisal process, and developing feedback to the appraiser on appraisal submissions. Appraisal Modernization. Technologies are moving fast.

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Appraisal Modernization Appraisal Process Technology 281

Housing Wire

OCTOBER 18, 2022

Established in 2001, the Nevada-headquartered company delivers solutions to modernize the appraisal process, which may take days to weeks to complete, or even longer during booming markets. The APIs connect directly to existing systems through a single integration for lenders, investors and system providers.

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Valuation Modernization Real Estate Appraisal 400

Housing Wire

APRIL 19, 2024

Department of Housing and Urban Development (HUD) this week announced a new rule aimed at bolstering the department’s Section 184 Indian Housing Loan Guarantee program, with the goal to increasing lender participation and ensure access to potential Native American beneficiaries.

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Government Modernization Tools Investors 404

Clear Capital

MARCH 20, 2023

And now, remarkable new AI technology is making its way into the mortgage industry too. This exciting development in machine learning has lenders scrambling to integrate condition modeling AI into their systems. The accuracy of appraisals is crucial to secondary market investors who hold the most risk. See the tool in action!

Appraisal 36

Appraisal Tools Technology Modernization 36

Listing Spark

DECEMBER 11, 2023

Many investors stop at calculating buyer closing costs, renovations, and holding costs. There are two common styles of hands-on real estate investing: buy-and-hold (such as with rental properties or land you plan to develop) and flips (which are much faster). Why Calculate Seller Closing Costs For Every Property Investment?

Investing 36

Investing Renovations Sellers Real Estate 36

Appraisal Buzz

NOVEMBER 3, 2021

The Collateral Risk Network (CRN) announced today its formal endorsement of the gross living area measuring standard developed by the National Association of Home Builders (NAHB). As the appraisal process is undergoing major shifts towards modernization and new levels of automation, this void was ripe for a solution.

Valuation 370

Valuation Development Technology Appraisal 370

Clear Capital

JUNE 28, 2022

Self-Serve APIs Will Enable Faster Adoption, More Control for Lenders, Investors and System Providers. Each API connects directly into existing systems through a single integration for lenders, investors, and system providers, making it easier to adopt and deploy modern property valuation solutions.

Valuation 69

Valuation Modernization Real Estate Investors 69

Housing Wire

JANUARY 29, 2024

A recent Wall Street Journal article noted that in Florida some homeowners have seen their homeowner premiums triple in the last five years and in some communities these premiums are now higher than their mortgage payments. It will also create economic stress for servicers and investors in dealing with advances and extended payment spreads.

Insurance 403

Insurance Real Estate Technology Clients 403

Housing Wire

JULY 16, 2021

Seventy million dollars in seed funding is a colossal investment for an unproven tech startup, even one that promises to fully disrupt a relatively low-margin, traditional industry like mortgage lending. But this is no ordinary mortgage startup. They’re used to modern experiences with great service and digital experience.

Lending 441

Lending Real Estate Real Estate Agent Modernization 441

Housing Wire

MARCH 29, 2022

To minimize the pain, legacy loan manufacturing processes typically collect only as many months of asset statements as are required by investors — often just two months for conventional and government loans. Thanks to the mortgage industry’s rapidly evolving understanding of the power of asset data, the answer is a resounding “yes.”

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Lending Modernization Construction Government 356

Housing Wire

JANUARY 31, 2022

As part of its vision to reimagine servicing through innovative solutions, Freddie Mac has created Resolve, an integrated default management platform that delivers rules-based workout decisions in real-time, as well as supplemental data and insights to mortgage servicers. These rules adapt to new or updated requirements and regulations.

Clients 361

Clients Design Modernization Technology 361

Clear Capital

APRIL 24, 2024

During his tenure, he has played an instrumental role in Clear Capital’s work alongside Fannie Mae and Freddie Mac to refine and modernize the appraisal process. Dan has masterfully taken on the responsibility of developing Clear Capital’s products and displays exceptional management of his teams to meet the needs of the industry.

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Modernization Appraisal Appraisal Process Inspection 36

Housing Wire

DECEMBER 15, 2021

HousingWire recently spoke to Finance of America Mortgage President Bill Dallas about viable alternative options for homebuyers and the innovative products FAM offers to meet the unique financial needs of today’s modern borrowers. HW: How is Finance of America Mortgage meeting borrowers’ unique financial needs?

Finance 386

Finance Construction Law Inventory 386

Appraisal Today

JUNE 17, 2022

It did not even though many lots nearby were developed. NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. It looks like the change is starting because of increasing mortgage interest rates. How many offers.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Housing Wire

APRIL 21, 2022

To Ballard, 3D printing technology is evolving to solve a crisis in modern day America and the world: The failure to meet people’s demand for housing. All of their material seems more geared toward investor pitches and media buzz generation.”. Still, no one who cares about housing can afford to be too cynical. Currently,” Sapp said.

Construction 393

Construction Supply Chain Investors Business 393

Walitt Solutions

JULY 28, 2019

During my presentation, I reviewed with the audience a number of appraisal scenarios that have been common practice for decades – often in spaces outside of first mortgage lending. Nevertheless, it reminds us of the broad spectrum of scopes of work possible in appraisal practice.

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Appraisal Inspection Valuation Lending 28

Housing Wire

OCTOBER 20, 2023

Particularly in the 2023 economy, with interest rates on mortgage rates stubbornly perched around 7.5% To maximize their potential, develop a well-thought-out strategy. For instance, if you focus on selling mid-century modern homes, your quiz can be about how to choose the right mid-century floor plan for your clients’ family size.

Real Estate 411

Real Estate Tools Open Houses Advertising 411

Clear Capital

JULY 19, 2022

By now the acronym “API” (Application Programming Interface) has become commonplace in the mortgage industry and many others. It’s important, first and foremost, [for an API] to be easy for other technology providers and developers to work with,” Chen said. “It Story by Mark Hollmer. READ FULL STORY.

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Valuation Modernization Technology Design 36