Appraisal Buzz

OCTOBER 24, 2024

Nearly half (46%) said their loan officer contacted them directly via phone or email when additional information or supporting documents were required. The survey results highlight an important nuance in consumer expectations during the mortgage process,” added Moskver.

Loan Officers 425

Loan Officers Technology Tools Development 425

Housing Wire

APRIL 9, 2024

Rocket Mortgage ’s bet on artificial intelligence (AI) has resulted in a patented platform called Rocket Logic, which can automatically process nearly 90% of data points extracted from documents in a month and reduce by 25% the number of times a professional interacts with a mortgage loan year over year, the company claims.

Clients 419

Clients Technology Investing Finance 419

Housing Wire

DECEMBER 27, 2024

Dotloop simplifies the creation of contracts and document management all in one place by creating a centralized workspace. With features like document storage, audit trails, and customizable checklists, its built to handle transactions efficiently without overwhelming users. Everyone involved in a transaction can collaborate.

Real Estate 323

Real Estate Brokerage Contracts Tools 323

Housing Wire

OCTOBER 23, 2024

Homebuyers received real-time updates on loan status, automated document submission and access to e-signature tools. Digital document submission tools stood out as the most valued among homebuyers, with 91% using these features to update all of their documents.

Mortgage 407

Mortgage Loan Officers Tools Technology 407

Housing Wire

OCTOBER 27, 2023

Admittedly, the myriad of documents requiring signatures can be overwhelming, especially for first-time homebuyers. ALTA has developed several multilingual documents to help educate potential homeowners whose primary language is not English. To many, homebuying is a daunting, often confusing process.

Insurance 509

Insurance Real Estate Buyers Real Estate Agent 509

Housing Wire

OCTOBER 21, 2024

The document states that the plaintiffs undervalued a homeowner’s property based on her race in an appraisal made in 2021 in Denver. The document states that loanDepot “should not utilize appraisers who have previously been found to have discriminated in an appraisal by a regulatory body of court of law.”

Appraisal 505

Appraisal Reconsideration of Value Law Valuation 505

Housing Wire

OCTOBER 9, 2024

In the suit, Move alleges that Kaminsky stole documents and trade secrets from Realtor.com, which he then provided to CoStar to fuel the rapid growth of Homes.com. Move also continues to allege that Kaminsky shared the documents he accessed with CoStar, which it claims CoStar used to boost user traffic on Homes.com.

Law 366

Law Legal Real Estate 366

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. District Court for Central California. Other companies that were also the target of cyberattacks over the last few months include Mr.

Law 502

Law Contracts Insurance Clients 502

Housing Wire

MARCH 28, 2024

Other complex and time-consuming tasks addressed by improved technology include title searches, document preparation, lien releases, and even the closing itself, as RON and digital closings gain adoption rapidly. A document might be needed closer to the closing date or as soon as a few days after the start of the process.

HOA 451

HOA Property Management Real Estate Agent Technology 451

Appraisal Buzz

SEPTEMBER 1, 2024

In July, HUD, through the Federal Housing Administration (FHA), made available translated versions of 19 single-family mortgage documents used in the servicing of FHA-insured mortgages. These documents will be available in Chinese, Korean, Spanish, Tagalog, and Vietnamese.

Insurance 360

Insurance Clients Training Law 360

Housing Wire

JANUARY 8, 2024

The document mentions the date of earliest event reported as Jan. ” Grassi told state officials that loanDepot manually reviewed 42,440 documents from the exposed email accounts for the presence of personal information, which indicated 1,364 impacted individuals nationwide (including one in New Hampshire). ”

Technology 518

Technology Mortgage Insurance Business 518

Housing Wire

FEBRUARY 23, 2024

Real estate agents, in particular, deal with extensive personal details during transactions, ranging from financial records to identification documents. Whether it’s CRM software , document management systems, or communication platforms, prioritizing data security is paramount.

Real Estate 453

Real Estate Real Estate Agent Training Tools 453

Housing Wire

AUGUST 29, 2024

AIVA Assist Processing Providing loan officers, processors and underwriters with a better way to calculate income, review assets and look for discrepancies when borrowers provide documents for verification. At Dark Matter Technologies, we’re leading the tech-driven revolution in loan origination.

Technology 358

Technology Loan Officers Development Marketing 358

Housing Wire

SEPTEMBER 23, 2024

According to the lawsuit, Smith’s supervisor also directed her to commit mortgage fraud by altering documents and hiding or changing borrower information to make them qualify for home loans, which she said she constantly refused to do. For example, Smith claims her supervisor demanded in May 2023 that she remove a $1.5

Mortgage 411

Mortgage Legal Loan Officers Retail 411

Housing Wire

AUGUST 19, 2024

Kaminsky spied on Move’s confidential documents at least 37 times after CoStar hired him.” According to the filing, Kaminsky only stopped accessing the documents after a Move employee discovered him in an allegedly confidential Move filing in real time, at which point Move blocked him from accessing the documents. “Mr.

Real Estate 388

Real Estate Business Law Contracts 388

Housing Wire

FEBRUARY 8, 2024

While the company thrived during the COVID-19 pandemic as remote work fueled demand for virtual signing of deals, mortgage papers and other documents, demand for technology eased due to a combination of return-to-office policies and rising inflation.

Technology 426

Technology Investors Finance Business 426

Housing Wire

JUNE 17, 2024

The government contends that by executing a tail agreement with RMF, the bank agreed “that Dallas County, Texas, where TCB is headquartered, would be the exclusive venue for ‘any litigation involving [the tail agreement] or any loan document,’” the filing reads. TCB’s lawsuit ‘involve[s]’ both the tail agreement and loan documents […].

Government 385

Government Mortgage Law Contracts 385

Housing Wire

OCTOBER 22, 2024

AI-Enhanced Document Review: The incorporation of Dara AI automates document review processes, enabling quick identification of issues and exceptions. Cost Reduction: Dara has demonstrated the potential to reduce loss mitigation-related costs per loan by 60-70%, representing a substantial increase in operational efficiency.

Mortgage 378

Mortgage Modernization Technology Design 378

Housing Wire

MAY 20, 2024

While there are dozens of changes published throughout the full document, Section II B that encompasses guidance for the HECM program received numerous updates on several different topics. These updates follow a long-awaited overhaul of the HECM sections of the handbook published in late 2023.

Reconsideration of Value 405

Reconsideration of Value Mortgage Inspection Insurance 405

Housing Wire

JUNE 4, 2024

The company that aimed to instigate the auction did not appear to be real, and the documents supporting their claim were suspect, according to reporting from the The Associated Press. The first is to be alert to early warning signs, since a scammer will often try to impersonate you with forged documents.

Mortgage 455

Mortgage Insurance Real Estate Sellers 455

Housing Wire

JUNE 7, 2024

She later discovered that unknown fraudsters had forged and filed documents to make it look like her house had been sold at a foreclosure sale. For centuries, the notary public was the stalwart guardian against forged deeds , ensuring that every signature was genuine, and each document bore the official seal of authenticity.

Insurance 435

Insurance Legal Technology Development 435

Housing Wire

AUGUST 29, 2024

The CFPB stated that consumers may have received several other federally mandated disclosure documents with accurate cost information but raised concerns about “ churning ,” which happens when lenders repeatedly push veterans to refinance their V.A. home loans.

Loan Officers 361

Loan Officers Law Mortgage Insurance 361

Housing Wire

JUNE 12, 2024

These firms provide an array of services including listing, marketing , customer relationship management (CRM), accounting and document distribution solutions. According to Real, all of the businesses in its partner program have been hand-selected by the firm. The brokerage is still accepting applications for its partner program.

Brokerage 433

Brokerage Agents Tools Real Estate 433

Appraisal Buzz

JANUARY 9, 2025

She falsely claimed the property was collateral for an unpaid loan, using fake loan documents and a fabricated foreclosure notice in a Memphis newspaper. The scheme unraveled when it was discovered the loan documents contained falsified notarizations, leading a judge to halt the sale.

Legal 221

Legal Insurance Tools Real Estate 221

Housing Wire

JULY 16, 2024

3 Besides portfolio monitoring, our tool offers property ownership / fast legal & vesting reports and access to externally sourced document images. . #2 Our platform provides updated insights through continuous monitoring for each property in your portfolio through dashboards, reporting, self-service capabilities, and more. #3

Legal 388

Legal Valuation Tools Investors 388

Housing Wire

SEPTEMBER 9, 2024

Regarding document availability and translations, unnecessary translations could add unneeded complexity to the servicing communications process, CHLA said. This also applies to instances in which a borrower has completed a supplemental information form as part of their loan application.

Law 375

Law Lending Mortgage Marketing 375

Housing Wire

MAY 10, 2024

The documentary stamp tax “is an excise tax imposed on certain documents executed, delivered, or recorded in Florida ” according to the state’s Department of Revenue. The new law, House Bill (HB) 7073 , changes the way the state’s “documentary stamp tax” can be applied to reverse mortgages, among other provisions related to taxation.

Law 396

Law Mortgage Real Property 396

Housing Wire

DECEMBER 23, 2024

The coalition requested the FHA to maintain a streamlined loss-mitigation process and avoid returning to a document-heavy system. The draft includes standalone partial claims, a 40-year loan modification and a payment supplement partial claim.

Mortgage 354

Mortgage Modernization Law Insurance 354

Appraisal Buzz

SEPTEMBER 16, 2024

i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,”script”,”infogram-async”,”[link] Financial Security Keeps Boomers in Place But it’s not just about money. function(e,n,i,s){var d=”InfogramEmbeds”;var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else

Housing Market 397

Housing Market Property Taxes Real Estate Marketing 397

Housing Wire

AUGUST 21, 2024

million total settlement in the case, according to documents filed on Tuesday. According to the filing, this work included reviewing millions of pages of documents, retaining 20 experts and consultants, and conducting about 180 depositions. Plaintiffs’ attorneys in the Gibson copycat commission lawsuit are seeking $36.8

Law 436

Law Real Estate Realty Brokerage 436

Housing Wire

AUGUST 29, 2024

Product Fast Facts #1 The IDIS analyzes datasets to create comprehensive data dictionaries, eliminating manual documentation efforts, and predictively maps datasets to destination tables, column for column, generating necessary SQL queries for integration. #2 3 The system also enables natural language interaction with the data.

Brokerage 372

Brokerage Insurance Clients Marketing 372

Housing Wire

OCTOBER 21, 2024

The challenges that higher costs place on carriers, regulators , lenders and consumers has been well documented this year. But the dynamics are evolving, and the fallout from storms like Helene and Milton are playing havoc with the intersection between mortgage and insurance.

Insurance 460

Insurance Real Estate Agent Construction Development 460

Appraisal Buzz

SEPTEMBER 30, 2024

They are asking for speed, transparency and accessibility to documents, account information and customer service. RPA technology automates rule-based workflows, which is ideal for automating repeated and time-consuming tasks like auditing loan documents, inputting applicant data, and uploading files while maintaining compliance standards.

Technology 406

Technology Tools Investing Mortgage 406

Housing Wire

OCTOBER 21, 2024

Encompass has also upgraded its document management capabilities. By integrating ICE Data & Document Automation and ICE Mortgage Analyzers, the platform aims to simplify paperwork and ensure data accuracy throughout the loan process. Efficiency is a key focus for Encompass.

Technology 393

Technology Mortgage Lending Modernization 393

Housing Wire

JANUARY 8, 2025

Bi-directional collaboration : The platform facilitates real-time collaboration between lenders and title agents, enabling uninterrupted document exchanges, milestone tracking, fee data sharing, and notes integration. The solution automates milestone updates, streamlines fee management, and manages diverse document types effortlessly.

Technology 284

Technology Clients Agents Development 284

Housing Wire

DECEMBER 17, 2024

The Campolis allege that the Bulls failed to deposit $100,000 in earnest money as agreed to in the contract, instead forging documentation falsely showing that the money had been deposited.

Realty 333

Realty Real Estate Advertising Agents 333

Housing Wire

DECEMBER 5, 2024

While he admitted to being part of Realtor.com’s News & Insights team, he denies that he “ran” the department or “regularly accessed” certain documents. He also said he used his Move email account to grant access to certain Move documents via his personal email address. 11 and June 3, 2024.

Legal 314

Legal Investing Marketing Real Estate 314