Tue.Aug 09, 2022

Connecting With Agents

The Appraiser Coach

When it comes to getting business, a lot of us like to go for the “low-hanging fruit.” AMCs are a wonderful source of that “easy to get” business. They’ve been. Read More.

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After $223M loss in Q2, loanDepot closes wholesale channel

Housing Wire

California-based mortgage lender loanDepot is shutting down its wholesale division amid plummeting origination volumes and widening financial losses in the second quarter.

Retail 396
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Mortgage Delinquency Data Update

Appraisal Buzz

CoreLogic has released the latest iteration of its monthly Loan Performance Insights Report for May 2022. According to CoreLogic, the total delinquency rate fell to 2.7% of all loans, reflecting all loans that were in some stage of delinquency.

Opinion: Has the title industry reach the automation tipping point?

Housing Wire

Not many would count the title industry among the economy’s technology leaders. Candidly, there’s good reason for that. For decades, settlement services firms staked their reputations on personalized customer service and regional or local expertise, rather than cutting-edge technologies.

Maxine Waters Welcomes Comments on CRA

Appraisal Buzz

The Chairman of the House Financial Services Committee, Maxine Watters, has authored a public letter with the backing of 76 of her Democratic colleagues in the House of Representatives, the Board of Governors of the Federal Reserve, the FDIC, and the Office of the Comptroller of Currency (OCC).

There’s more blood on the tracks in the non-QM market

Housing Wire

The latest non-QM player to feel the pain of the interest rate volatility afflicting the nation’s housing market this year is a Pasadena, California-based real estate investment trust called Western Asset Mortgage Capital Corp.

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HousingWire August Demo Day: Vesta Technologies

Housing Wire

Vesta Loan Origination System. Vesta is the next generation loan origination system (LOS) specifically built to help lenders transform to technology companies.

How Is ‘Seasonality’ Impacting Foreclosure Rates?

Appraisal Buzz

ATTOM Data, has released the latest iteration of its Foreclosure Market Report for July 2022 and found that there were a total of 30,358 properties with some form of foreclosure filing against it.

Title Talk with Rachel Luna

Housing Wire

Rachel Luna, principal of Patriot Title Company. With over 13,000 followers on Instagram , Rachel Luna, the principal of Texas-based Patriot Title Company , is the self-proclaimed “Texas Title Queen.”

Connecting With Agents

Appraisal Buzz

When it comes to getting business, a lot of us like to go for the “low-hanging fruit.” AMCs are a wonderful source of that “easy to get” business. They’ve been … Read More. The post Connecting With Agents appeared first on Appraisal Buzz. Around The Web

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Mortgage credit availability sinks in July as lenders pull back

Housing Wire

Lending standards tightened in July with the mortgage credit availability index (MCAI) dropping 9%, the largest monthly drop since April 2020, according to the Mortgage Bankers Association (MBA). The MCAI fell to 108.8

The Silver Lining in a Greenfield Playbook

Appraisal Buzz

Because it requires a detailed strategy and high level of expertise to create a lean organization, the Greenfield Playbook can guide a mortgage servcier to formulating a cost-effective operation through digital technology. The post The Silver Lining in a Greenfield Playbook appeared first on DSNews.

Black Knight’s Optimal Blue adds location-based pricing feature

Housing Wire

Black Knight ‘s Optimal Blue product, pricing and eligibility (PPE) engine added a location-based pricing feature amid a slowdown in the mortgage market. The functionality expansion will assist investors and lenders in promoting affordable housing in underserved markets, the firm said.

Authentic Alignment

Appraisal Buzz

Paul Gigliotti of Pinnacle Home Loans and Axis Lending Academy tells MReport how millennials are transforming the workforce and why modern candidates are seeking more intangible qualities than a paycheck and benefits package. The post Authentic Alignment appeared first on theMReport.com. The post Authentic Alignment appeared first on Appraisal Buzz. Around The Web

New Incenter, Prestwick MSR offerings show deal volume remains robust

Housing Wire

Two advisory and brokerage firms active in the mortgage servicing rights (MSR) market recently unveiled three new mortgage servicing offerings for agency loan portfolios valued in total at $4 billion.

The Home Affordability Game: An Exercise in Patience

Appraisal Buzz

With the affordability issue lingering for most prospective buyers, Louis Zitting of MonitorBase discusses remedies to overcome some of the hurdles thrown in the path to homeownership. The post The Home Affordability Game: An Exercise in Patience appeared first on theMReport.com. The post The Home Affordability Game: An Exercise in Patience appeared first on Appraisal Buzz. Around The Web

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HousingWire August Demo Day: ICE Mortgage Technology™

Housing Wire

AIQ by ICE Mortgage Technology. AIQ by ICE Mortgage Technology , is an omnichannel solution that leverages artificial intelligence that enables lenders, investors, and servicers to automate manual workflows and increase productivity and quality, while reducing risk and boosting ROI.

Record Growth Reported for Housing Inventory

Appraisal Buzz

The number of unsold homes in July increased for the first time since 2019, climbing by a record 30.7% year-over-year, according to Realtor.com. The post Record Growth Reported for Housing Inventory appeared first on DSNews. The post Record Growth Reported for Housing Inventory appeared first on Appraisal Buzz. Around The Web

HousingWire August Demo Day: CoreLogic

Housing Wire

CoreLogic Title & Closing Solution. The CoreLogic Title & Closing Solution syncs your order management, secures all vendor communications and document transfers, and ultimately improves your borrower’s experience.

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Housing Inventory Climbs for Third Consecutive Month

Appraisal Buzz

Realtor.com reports that the inventory of for-sale homes increased across the 50 largest metros by 41% in July. The post Housing Inventory Climbs for Third Consecutive Month appeared first on theMReport.com. The post Housing Inventory Climbs for Third Consecutive Month appeared first on Appraisal Buzz. Around The Web

René Rodriguez announced as the Vanguard Forum keynote speaker at HW Annual Oct. 4

Housing Wire

René Rodriguez, the author of the best-selling book, “Amplify your Influence: Transform how you Communicate and Lead,” is slated to share his expert insights on leadership and influence during the Vanguard Forum at HW Annual this year.

Modernizing the Community Reinvestment Act

Appraisal Buzz

The Chairman of the House Financial Services Committee, Maxine Watters, has authored a public letter with the backing of 76 of her Democratic colleagues in the House of Representatives, the Board of Governors of the Federal Reserve, the FDIC, and the Office of the Comptroller of Currency (OCC). The letter urges federal regulators to “consider … The post Modernizing the Community Reinvestment Act appeared first on DSNews.

UWM posts stronger profits than Rocket in Q2 2022

Housing Wire

United Wholesale Mortgage (UWM), the nation’s largest wholesale lender, posted a drop in origination volume and profits in the second quarter compared to the first three months of 2022, even after maintaining its gain-on-sale margins and increasing the fair value of mortgage servicing rights (MSRs).

Single-Family Homes Started in 2021

Eyes on Housing

According to NAHB analysis of the Survey of Construction (SOC), new single-family starts expanded at a fast pace in 2021. Nationally, 1,133,145 new single-family units were started in 2021, 14% higher than the units started in 2020.

HousingWire August Demo Day: Qualia

Housing Wire

Qualia Connect. Qualia Connect enables lenders to standardize the way you work with title and settlement companies. Automate your operations with any title company in order to deliver secure, on-time, and error-free closings. Product Fast Facts. #1.

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The Realtor’s Guide to Appraisals Part 8: Understanding ANSI for Realtors

Riverfront Appraisals

I can’t think of a more polarizing topic – one that has completely shaken up the appraisal industry since the first part of 2022 – than ANSI. In April, 2022, Fannie Mae announced that any home purchased by them will need to be measured using ANSI standards.

HousingWire August Demo Day: SAGENT

Housing Wire

CARE is Sagent’s consumer platform that links a modern, bank-on-your-phone experience for borrowers with seamless human care from servicers. Borrowers can manage payments and escrows, plus monitor home equity, new offers, and tax matters. They can also quickly apply for and resolve forbearances and loan mods during hardships. Product Fast Facts. #1.

12 Real Estate Professionals Share Their Budgeting Tips

McKissock

Need to get your real estate budget into shape to maximize your earnings? Whether you’re budgeting for your business or wondering how you should allocate your earnings from real estate, budgeting is crucial to succeeding in a world of commission checks.

Back to School Support with GoFormz

GoForrmz

Support your school’s staff with digital forms Nothing says “back to school” quite like the smell of freshly sharpened pencils ticking off items on a “to-do” or “school supplies” list.

Do home appraisers use Zillow?

Realvals

Zillow, Realtor, Trulia, and Redfin are some websites that come to mind when buying or selling real estate. They provide public access to the data that once was only obtainable by licensed real estate professionals through the local multiple listing service (MLS).

CFPB Investigations in Alleged Appraisal Discrimination

Appraisers Blog

The Consumer Financial Protection Bureau (CFPB) has started investigating alleged appraisal discrimination. This is a new development, as federal investigations had so far exclusively been by HUD. The CFPB is an aggressive investigator, and AMCs, large firms and lenders should be wary.

Experts: BoC rate hikes to go full steam ahead despite economic malaise

Mortgagebroker News

A massive rate jump at the central bank’s meeting next month is a near certainty, economists say

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Protected: Mark Balestracci Qualifies for 2022 Lamacchia Realty President’s Club

Lamacchia Realty

This content is password protected. To view it please enter your password below: Password: The post Protected: Mark Balestracci Qualifies for 2022 Lamacchia Realty President’s Club appeared first on Lamacchia Realty. 2022 Company Announcements Darlene Umina President's Club

What will the next Bank of Canada hike mean for homeowners?

Mortgagebroker News

The so-called "trigger rate" could be looming for many borrowers

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