Thu.Apr 08, 2021

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Looser mortgage credit may give first-time buyers a chance

Housing Wire

Mortgage credit showed signs of loosening up in March, and with it, more availability for lower credit scores and high LTV products to enter the housing market, the Mortgage Bankers Association said in a report on Thursday. The group’s Mortgage Credit Availability Index rose.6% to 125.4 last month, a positive indicator after pandemic-driven factors plunged the index from record highs previously seen in late 2019.

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The Top 5 Digital Forms for Beverage Distributors

GoForrmz

Streamline and accelerate order fulfillment, customer communication, and invoicing Digital forms act as a powerful asset for beverage distribution teams. When relying on paper forms or cumbersome PDF fillers, miscommunications resulting from data entry errors, lost forms, or form delivery delays can have costly consequences. For example, entering the wrong product name into a form could result in a product out of stock (OOS) at a customer site – a mistake that can cost your operation business or

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How to negotiate your home purchase offer

Housing Wire

When you’re trying to create a standout offer to buy a home, it’s important to consider the tools and tactics at a buyer’s disposal. According to industry experts, there is more to a home offer than just the price you are willing to pay. Other aspects of an offer, they say, create more opportunities for you to lock in a home – and could make all the difference.

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Cash-out Refis Hit Highest Level Since Financial Crisis

Empire Appraisal Group

Cash-out Refis Hit Highest Level Since Financial Crisis. Source: Cash-out Refis Hit Highest Level Since Financial Crisis | Florida Realtors. Many owners were underwater (owed more than a home’s value) during the Great Recession, in part due to cash-out refis, but it’s not an issue now – at least not yet. NEW YORK – Cash-out refinances are on the upswing, to the likes of numbers that haven’t been seen since the financial crisis.

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A transparent foreclosure marketplace reveals hidden equity

Housing Wire

Over the past five years, more than $1.2 billion in potential home equity has been uncovered for distressed homeowners facing foreclosure. That $1.2 billion is the amount of surplus funds generated by foreclosure sales on the Auction.com platform between 2016 and 2020. Surplus funds are proceeds from a foreclosure sale to a third-party buyer that are above and beyond the total debt owed to the foreclosing lender.

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14 Questions to Ask Before You Hire a General Contractor

BiggerPockets

Before taking on renovations, whether for your primary residence or an investment property, it's crucial to find the right contractor. Ensure that they are qualified, have the support they need, and have a good reputation by vetting them with these questions.

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On Q Financial Gives Back to Frontline Workers!

On Q Financial

In recent years, we at On Q Financial have made it a priority to give back to the communities we serve. Whether through our Dream is Inclusive Scholarship or our various charity drives, we are always searching for new opportunities to serve. In recognition of those who help us serve our community, we’re extending our Everyday Heroes Promotion! In 2020 we helped 845 first responder borrowers achieve their Dream of Homeownership with a $500 closing credit.

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Taking the leap: The benefits of buying vs. renting a home

Housing Wire

Homeownership has long been considered a piece of the “American Dream.” But for multitudes of renters out there who are nearing the end of their leases, taking the leap into buying their first home may seem like a daunting challenge to conquer. Or maybe they weigh the responsibility as not worth the reward. . Whatever reasons may be holding you back, it’s important to understand the benefits of owning vs. renting a home.

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How Much Should You Pay for a 1031 Exchange? [2021 Research]

BiggerPockets

Everyone enjoys a good bargain. But when it comes to the 1031 exchange fees charged by your qualified intermediary (QI), how can you tell if it’s really a steal?

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Mortgage rates drop slightly to 3.13%

Housing Wire

The average U.S. mortgage rate dropped five basis points last week to 3.13%, according to Freddie Mac’s Primary Mortgage Market Survey. It’s the first decline in mortgage rates in two months. Sam Khater, Freddie Mac’s chief economist, pointed to a modest decline in treasury yields as the leading factor behind last week’s drop.

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Getting Your Price and Terms in a Hot Market

Eppraisal

It's a "super seller's market" right now. Home values are increasing as buyers are competing for homes. According to the National Association of Realtors (NAR), the inventory of homes is at it's lowest since 1999. The NAR cites that in December of 2020 the inventory was down 23% compared to December of 2019. There is so much pent-up buyer demand that homebuyers are in bidding wars and are offering considerably more than list price for homes.

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JPMorgan Chase adds exec to correspondent team

Housing Wire

JPMorgan Chase has appointed Bhavesh Patel to lead client management for the bank’s correspondent lending channel. As director of client management, Patel will focus on improving the client experience and driving future growth for the business, which is growing at a faster rate than the bank’s more traditional retail arm. He will report to Terry Lindsey, head of correspondent lending for Chase, and is based in Houston, the bank said Thursday.

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What else is happening in and around your Seattle?

Will Springer Realtor

Eiffel Tower, anytime Before we check out happenings between Pike and Pine or from Northgate to Westlake, why not take a tour of an international destination from the comfort of your favorite chair? Let’s get high … from atop the Eiffel Tower and look out – far out – towards the horizon on a cloudy day in Paris. Museum of Flight, Thursday-Sunday Come one, come all to, in my opinion, our area’s best historical hub – the Museum of Flight near Boeing Field.

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Mortgage Tech Demo Day: First American Docutech

Housing Wire

Solex® eClosing. Trusted by the nation’s leading lenders, Solex eClosing has enabled over 350,000 digital loan closings. Providing borrowers the contactless closing they seek, this solution has delivered on the promise of digitization streamlining complex, paper-intensive processes and optimizing operations. Faster closings and reduced costs per loan, Solex eClosing does it all.

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4 Sustainability Trends Driving Commercial Real Estate for Earth Day 2021

The Robert Weiler Company

Over half a century ago, the United States inaugurated a special day, April 22, as Earth Day. As we prepare to commemorate the global phenomenon, The Robert Weiler Company is excited to announce that the green movement is alive and well in the commercial real estate industry. What began as a localized, American movement, is now celebrated by more than 192 countries.

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Mortgage Tech Demo Day: Sourcepoint

Housing Wire

Title Closing COBOT. Mortgage automation solution for title closing that is pre-built and tested and quick to deploy. Product Fast Facts. #1. Pre-built and tested mortgage title closing automation solution. #2. Quick to deploy on any application or software being used for title closing. #3. Can be customized and delivered on premises or at a vendor location with relatively limited resources.

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Signs of Inflation Expand Well Beyond Housing Prices

Will Springer Realtor

Talking about the economy can be as exciting as watching the Best of the Yule Log Channel (no, that’s not really a thing … is it?). Except the economists I follow are sending up some red-flag warnings for the months ahead. We have all heard about this pent-up energy to get out of the house and live/breathe again – literally and figuratively. Like watching thoroughbreds being placed into the gate before a race, there is that moment of anticipation just before the doors open … and then, they’re of

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The housing boom juices Home Depot’s bottom line

Housing Wire

Millions of Americans transitioned to remote work in 2020, reconfiguring homes to be makeshift classrooms and offices. One of the big beneficiaries of the new live/work/play setup has been home goods retailer Home Depot. A recent report from TradingPlatforms noted that Home Depot’s net sales increased by over $20 billion in 2020 to $132 billion at year’s end – nearly a 20% increase year-over-year.

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Mortgage Tech Demo Day: eOriginal

Housing Wire

ClosingCenter. ClosingCenter is a complete eClosing solution for lenders, borrowers and settlement agents. ClosingCenter delivers a simple, efficient and secure eClosing process – from pre-closing to secondary market delivery. ClosingCenter includes: Pre-Close: Secure access to eligible closing package documents for review and eSignature execution. eClosing Room: Intuitive settlement agent software enabling execution of eClosings and instant eNote vaulting. eAsset Management for Mortgage: Truste

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Mortgage Tech Demo Day: FundingShield

Housing Wire

Guardian Service. Transaction level certification that leverages live source data to confirm documents are valid, compliant closing agents, insurance coverage and wire accounts are verified on every transaction with $2-$5mm per transaction coverage. Clients exceed risk and compliance requirements while freeing up time for back office and closing teams reducing operating costs.

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Developing a lending strategy for rising mortgage rates

Housing Wire

As we enter the second quarter of 2021, it’s time for the mortgage industry to reflect on the past 12 months and think about how to plan for the same period ahead. After all, it was mid-March of last year that the president declared a national emergency leading to school closures, the wearing of masks, and the emptying of office buildings across the country.

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Mortgage Tech Demo Day: WFG

Housing Wire

WFG’s MyHome®. WFG MyHome® brings resale transaction participants together within a single, easy-to-use ecosystem, enhancing communication, transparency and the consumer experience. MyHome streamlines the resale process and enhances consumer satisfaction by eliminating duplicate touchpoints, providing real-time status updates, enabling pro-active communication, and facilitating data and document collection, storage and sharing.

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Mortgage Tech Demo Day: ICE Mortgage Technology

Housing Wire

eClose. eClose is a true digital closing process that’s more than getting documents electronically signed. Digital “lift” can continue past the closing table through automated quality control, electronic recording and registration as well as streamlined trailing document return, creating ROI on all loans – from all ink to full eClose. Product Fast Facts. #1.

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Mortgage Tech Demo Day: DocMagic

Housing Wire

Total eClose with RON capabilities. Total eClose is a single-source platform with everything you need for a 100% paperless eMortgage in a single, comprehensive, eClosing solution. Now, this single integration point includes DocMagic’s new Remote Online Notary technology, allowing eligible borrowers to electronically review, sign and notarize documents inside an efficient, end-to-end eClosing workflow.

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Mortgage Tech Demo Day: SimpleNexus

Housing Wire

SimpleNexus eClose. With single-sign-on convenience for borrowers, full LOS integration preserving lender workflows, and closing portal tools for title agents, SimpleNexus eClose delivers a streamlined solution improving customer satisfaction and enhancing collaboration between all closing participants. One platform providing a seamless homeownership journey.

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