Housing Wire

DECEMBER 29, 2021

One of our big goals at Blueprint Title is to shrink the title insurance business from an $18 billion business to a $10 billion business,” Berneman, the company co-founder and CEO. “We share of the market controlled by small, independent title insurance companies. of the market, should be too concerned about the rise of the little guy.

Insurance 305

Insurance Real Estate Technology Business 305

Housing Wire

MARCH 5, 2024

As a result of the integration, verification of assets (VOA) orders will flow through the Encompass loan number, automatically populating data and documents into the loan file. AccountChek was acquired in March 2023 by publicly traded title insurer Stewart Information Service Corp.

Clients 346

Clients Insurance Tools Lending 346

Housing Wire

AUGUST 1, 2023

Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, acquired Brace , a digital mortgage servicing platform. Founded in 2018 , Stavvy works to increase efficiency and transparency in real estate and mortgage lending. Terms of the deal were not announced.

Real Estate 312

Real Estate Lending Technology Investing 312

Housing Wire

SEPTEMBER 6, 2023

increase in issues with proof of insurance in Q2. The fraud prevention solutions company saw a 12.6% jump in the number of loans with issues, 6.5% rise in closing protection letter-related errors and a 4.7% Business email compromise scams related to real estate were $446.1

Real Estate 352

Real Estate Insurance Investors Lending 352

Housing Wire

SEPTEMBER 30, 2020

With FinXperience, Tavant aims to bring all parties together on one collaboration platform and provide hyper-personalized digital journeys to borrowers, loan officers, brokers, real estate agents, financial advisers and other participants in the lending ecosystem. There are no cookie cutters here.”.

Lending 197

Lending Real Estate Agent Loan Officers Architecture 197

Housing Wire

DECEMBER 14, 2020

Nexsys Technologies , a subsidiary of Rocket Companies , launched its Clear HOI platform for all mortgage lenders on Wednesday – a new product it says will cut homeowners’ insurance verification time to mere minutes. Other insurance companies already integrated with the platform include Allstate , Liberty Mutual and Farmers Insurance.

Mortgage 294

Mortgage Insurance Lending Technology 294

Lamacchia Realty

MARCH 11, 2024

Buyers hoping to purchase condos have been under more stringent lending regulations over the past three years, initially under temporary guidelines that were later made permanent. These regulations included two changes, the first to Significant Deferred Maintenance/Special Assessments and secondly to Insurance Deductibles.

Buyers 67

Buyers Lending Insurance Mortgage 67

Housing Wire

JUNE 28, 2023

No mortgage insurance is required. The non-QM space has more leeway to accept different types of documentation, such as bank statements and assets. However, the underwriting for non-QMs is cited by lenders as the difficulty with expanding into non-QM lending. However, the basic requirements are the same across the board.

Real Estate Agent 341

Real Estate Agent Insurance Lending Real Estate 341

Housing Wire

JANUARY 2, 2024

However, two former employees said the company communicated it’s shutting down its mortgage lending business. ” According to the lawsuit, RealFi loan applications and documentation misrepresented borrowers’ credit histories, employment status, income, or occupancy status, among other things.

Loan Officers 403

Loan Officers Lending Mortgage Insurance 403

Housing Wire

NOVEMBER 11, 2021

The Title I program insures mortgage loans made by private lending institutions to finance the purchase of a new or used manufactured home.). With renewed attention towards the manufactured housing space, the FHA moved this week to provide updated guidance to its Title I loan program, making it easier to understand and use for lenders.

Finance 446

Finance Valuation Insurance Lending 446

Housing Wire

NOVEMBER 1, 2022

“Lenders invest significant time and money into building diverse portfolios of loan products designed to meet borrowers’ unique needs, yet those products often sit underutilized,” Mortgage Coach and Sales Boomerang Chief Lending Officer Joe Puthur said in a statement.

Mortgage 372

Mortgage Project Management Insurance Loan Officers 372

Housing Wire

JUNE 27, 2023

Bush and a vice president at Goldman Sachs before starting at the lender in 2021, listed several alleged violations related to lending practices. “Plaintiff has documented that TCC falsifies information on its annual certification by mischaracterizing its loans. Department of Treasury.

Investors 307

Investors Law Insurance Lending 307

Housing Wire

MARCH 3, 2022

But this is going to become infinitely more complex,” said David Sheeler, executive vice president of correspondent lending and servicing finance at Freedom Mortgage Lending. Lenders and servicers did not require complete documentation to prove financial hardship to qualify their customers to the program.

Insurance 353

Insurance Finance Government Mortgage 353

Housing Wire

OCTOBER 14, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. This setup lets a consumer compare quotes from several insurers, including Progressive, with only one click. market for homeowners’ insurance.

Insurance 329

Insurance Technology Lending Real Estate Agent 329

Housing Wire

JULY 21, 2023

Citywide Home Loans , a Utah-based mortgage lending company, agreed to settle a $1.2 The data compromised included “names, addresses, phone numbers, dates of birth, social Security numbers, passport numbers, driver’s license numbers, credit card information, bank account information and/or medical or insurance information,” the lawsuit says.

Legal 318

Legal Technology Insurance Lending 318

Housing Wire

JANUARY 18, 2022

.” Per the company’s website , it takes five minutes to receive a pre-qualification for a mortgage, though final approval is conditional on finishing the application and providing supporting documents. The crypto mortgage product will be available to most applicants in early 2022, Milo added.

Mortgage 481

Mortgage Clients Real Estate Technology 481

Housing Wire

SEPTEMBER 30, 2021

Most digital solutions in the lending industry are designed to solve one problem and built for one audience in mind. This fragmentation makes it difficult for everyone involved in the lending process to communicate with each other effectively. It can intake documents from multiple sources as well as handle signings and annotations.

Real Estate 279

Real Estate Design Lending Agents 279

Housing Wire

JULY 12, 2023

Pennington’s departure comes a few months after Brady Yeager , a mortgage executive with over 21 years in finance and mortgage lending roles, joined Movement as national sales director. division, to Summit. Sources said the changes at Movement come after a shakeup to the sales team’s leadership.

Retail 368

Retail Development Finance Lending 368

Housing Wire

APRIL 7, 2022

RON is the notarization of a document completed 100% electronically. The process includes a notary and a document signer using secure audiovisual and digital signing technology to finalize any financial document. In our industry, that often means home closing documents. What is Remote Online Notarization? The result?

Law 349

Law Technology Insurance Agents 349

Housing Wire

MARCH 16, 2022

According to UWM, only self-employed borrowers will be able to send bank statements to qualify for a loan, instead of income documents or tax transcripts. No mortgage insurance will be required. We are going to see an increase in some of the non-QM lending. I don’t think it’ll ever be a significant chunk.

Lending 383

Lending Insurance Government Mortgage 383

Housing Wire

OCTOBER 28, 2022

As the mortgage industry faces the realities of rising interest rates, savvy lenders are shifting gears towards the potential profitability of home equity lending. HousingWire: In a rising rate environment where a large percentage of homeowners have record-low mortgage rates secured, the lending industry is turning an eye to home equity.

Lending 352

Lending Technology Insurance Tools 352

Housing Wire

JULY 28, 2023

It follows a request from the shuttered lender to halt the agreement due to an involuntary bankruptcy petition filed by three creditors. New Wave Lending Group , JMJ Financial Group and EF Mortgage filed on July 5 an involuntary petition against Sprout under Chapter 7 of the Bankruptcy Code in a New York court, claiming the lender owes $1.3

Mortgage 284

Mortgage Insurance Business Lending 284

Housing Wire

JANUARY 19, 2023

There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. That’s according to four former employees and company registration documents reviewed by HousingWire. Shocked employees didn’t receive their last paychecks.

Mortgage 395

Mortgage Investors Legal Loan Officers 395

Housing Wire

MARCH 15, 2023

The Company still maintains fully insured custodial deposit accounts at Signature,” the document says. “We It is now controlled by the Federal Deposit Insurance Corporation (FDIC). Signature Bank collapsed on Sunday when New York state regulators closed its doors because it lacked the liquidity to pay for client’s withdrawals.

Insurance 314

Insurance Investors Real Estate Mortgage 314

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to offering documents. billion. .”

Housing Market 378

Housing Market Marketing Contracts Finance 378

Housing Wire

JANUARY 19, 2022

The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents.

Real Estate Agent 428

Real Estate Agent Real Estate Agents Insurance 428

Housing Wire

SEPTEMBER 17, 2021

For example, having a standardized framework for deferral payment plans, guidance on how to receive disaster relief funds, and information on how insurance can be applied and distributed makes it much easier for servicers to work with homeowners to outline ways that they can receive assistance and relief. Meeting the customer where they are.

Mortgage 405

Mortgage Technology Insurance Government 405

Housing Wire

FEBRUARY 16, 2022

If your state requires a lending license, make sure a the lender is licensed. In comparison to larger banks or even a local credit union, private lending is more reliant on relationships. Establish a private money lending network for real estate. How to Locate a Reputable Private Money Lender.

Real Estate 383

Real Estate Investing Investors Renovations 383

Housing Wire

MARCH 4, 2021

While mortgage lenders would do well to heed the statements from the Consumer Financial Protection Bureau that it will be carefully watching fair lending and servicing issues , especially with the likelihood of a default spike, title and settlement firms will be keeping an eye on more than just the CFPB.

Lending 407

Lending Law Loan Officers Clients 407

Housing Wire

OCTOBER 27, 2020

Mortgage lending has gotten stricter during the COVID-19 pandemic. Lenders are looking to lessen risk amid surging job losses and ongoing economic uncertainty, and that has translated to higher credit score minimums, extra document requests, and in some cases, bigger down payment requirements. The bottom line?

Insurance 352

Insurance Buyers Government Lending 352

Housing Wire

APRIL 29, 2021

Despite 2020’s pause in originations and securitizations, the 2021 outlook for non-QM lending is promising. Investors are returning to the space with more confidence, and new investors like private equities and insurance companies are showing interest. billion in total securitizations – only a 33% decrease from its 2019 high.

Lending 316

Lending Investors Insurance Marketing 316

Housing Wire

JULY 27, 2021

trillion in origination volume and a continuation of tight lending spreads. Then, by late Q1/early Q2 2021, pricing wars were erupting in various channels, margins were falling (rapidly), and the industry was getting ready for a decrease in lending activity in the back half of the year. Entering 2020 the market was expecting <$2.0

Mortgage 383

Mortgage Technology Lending Clients 383

Housing Wire

AUGUST 31, 2021

Since its founding in 2010, WFG National Title Insurance Company has worked to advance the real estate, mortgage lending and title industries, adding greater efficiency and accuracy to processes and a vastly improved experience for consumers.

Real Estate 225

Real Estate Technology Development Design 225

Housing Wire

MARCH 16, 2022

As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage. Formerly known as Arcus Lending , InstaMortgage originated about $800 million in volume last year and All Cal notched about $300 million in origination volume in 2021.

Retail 356

Retail Loan Officers Brokerage Technology 356

Housing Wire

MARCH 31, 2022

WFG National Title Insurance Company (WFG) is a wholly owned subsidiary of Williston Financial Group and a national title insurance underwriter dedicated to taking time and cost out of real estate transactions.

Real Estate 324

Real Estate Human Resources Technology Clients 324

Housing Wire

NOVEMBER 18, 2022

This white paper will examine the growing importance of modernization in the mortgage lending industry. The document says the company will lay off 194 of its 305 employees at its headquarters in Aurora “due to unforeseeable business circumstances causing a sudden and drastic reduction in sales,” Benjamin J.

Loan Officers 392

Loan Officers Modernization Finance Housing Market 392

Housing Wire

SEPTEMBER 25, 2023

Five days remain in the currently authorized National Flood Insurance Program (NFIP). If it is not reauthorized by Congress before that date, the mortgage industry could see consequences, including ceding control of certain land use policies and the cessation of some mortgage lending. The borrowing authority of NFIP from the U.S.

Insurance 429

Insurance Lending Mortgage Government 429