Housing Wire

AUGUST 9, 2022

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. More than a few observers have referred to us as a mom-and-pop industry because it’s comprised of a significant number of small agencies.

Technology 488

Technology Business Agents Clients 488

The Appraiser Coach

AUGUST 9, 2022

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.

Agents 326

Agents Business Inspection Advertising 326

Housing Wire

AUGUST 9, 2022

California-based mortgage lender loanDepot is shutting down its wholesale division amid plummeting origination volumes and widening financial losses in the second quarter. The decision to close the channel also reflects fierce competition from its peers in the broker space, primarily from United Wholesale Mortgage (UWM). The announcement on Tuesday came alongside a $223.8 million loss in the second quarter of 2022, more than double the $91.3 million loss in the first quarter of 2022.

Retail 471

Retail Mortgage Real Estate Lending 471

Appraisal Buzz

AUGUST 9, 2022

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. Default notices, scheduled auctions, and bank repossessions are also down 4% month-over-month, but it is now up 143% since the same period … The post How Is ‘Seasonality’ Impacting Foreclosure Rates?

Appraisal 195

Appraisal Marketing 195

Housing Wire

AUGUST 9, 2022

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. The REIT, which is managed by investment advisor Western Asset Management Co. LLC , recently announced that it is exploring a potential company sale or merger in the wake of posting a $22.4 million net loss for the second quarter ended June 30, — on the heels of posting

Marketing 390

Marketing Real Estate Mortgage Investors 390

Appraisal Buzz

AUGUST 9, 2022

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. The post The Silver Lining in a Greenfield Playbook appeared first on Appraisal Buzz.

Technology 195

Technology Appraisal Mortgage 195

Appraisal Buzz

AUGUST 9, 2022

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.

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Inventory Appraisal 150

Housing Wire

AUGUST 9, 2022

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.” Luna has worked her way through the ranks and is now among the most recognizable pros in the title industry. “I have worked every position in the title industry, from the front desk to file clerk, to copy girl, to a notary, to an escrow officer.

Real Estate Agent 381

Real Estate Agent Real Estate Insurance Business 381

Appraisal Buzz

AUGUST 9, 2022

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. This represents a 2-percentage point decrease compared to May 2021 when the delinquency rate was 4.7%. … The post Mortgage Delinquency Data Update appeared first on DSNews.

Mortgage 195

Mortgage Appraisal 195

Housing Wire

AUGUST 9, 2022

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. The new capability automates the process of collecting census tract data to deliver applicable pricing premiums at the time of rate quote.

Investors 376

Investors Technology Design Mortgage 376

Appraisal Buzz

AUGUST 9, 2022

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.

Agents 195

Agents Business Appraisal 195

Housing Wire

AUGUST 9, 2022

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 new offerings are a sign that MSR trading continues to be healthy, although sources close to market indicate that the dynamics fueling MSR sales have changed since the start of the year — with prices for MSR packages now plateauing.

Sellers 374

Sellers Mortgage Marketing Buyers 374

Eyes on Housing

AUGUST 9, 2022

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. It marked the fastest growth rate since 2013 and the highest count of starts since the Great Recession. Among all the nine Census.

Construction 127

Construction 127

Housing Wire

AUGUST 9, 2022

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. Product Fast Facts. #1. Lenders — Boost productivity by 30% and increase the average customer ROI by 400%. #2.

Technology 370

Technology Mortgage Inspection Investors 370

Appraiserblogs

AUGUST 9, 2022

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. For the last year, 40% of my legal work has been occupied by issues concerning alleged discrimination – balanced between representing parties in fair housing investigations and helping clients improve compliance a

Appraisal 117

Appraisal Legal Clients Development 117

Housing Wire

AUGUST 9, 2022

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). But the Pontiac, Michigan-based lender improved its performance compared to the same period of 2021 , as the company has adopted a more aggressive pricing strategy to win in a purchase market.

Mortgage 370

Mortgage Marketing 370

Riverfront Appraisals

AUGUST 9, 2022

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. This has caused more than a little chaos […]. The post The Realtor’s Guide to Appraisals Part 8: Understanding ANSI for Realtors appeared first on Riverfront Appraisals.

Realtors 88

Realtors Appraisal 88

Housing Wire

AUGUST 9, 2022

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. Joining as the keynote speaker for what should be the most powerful room in housing, Rodriguez kicks off the invite-only forum on Oct. 4. .

Business 370

Business Development Mortgage 370

GoForrmz

AUGUST 9, 2022

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. And while the nostalgic smell of a classic #2 pencil will live in our hearts forever, there are more streamlined ways to power through the back-to-school season. GoFormz is proud to support educators, and their students, with a robust digital form software solution to minimize paper waste and streamline workflow e

Transportation 78

Transportation 78

Housing Wire

AUGUST 9, 2022

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. It supports retail origination – both purchase and refinance, home equity, default servicing, and wholesale lending channels.

Retail 366

Retail Lending 366

Realvals

AUGUST 9, 2022

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). But are these sites used by home appraisers? Keep reading to find out. . Zestimate and Other Estimators.

Appraisal 78

Appraisal Real Estate Appraisal Process Real Estate Agent 78

Housing Wire

AUGUST 9, 2022

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. Automated Order Placement & Information Exchange: Automatically place orders and trigger information requests directly from your LOS. #2.

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McKissock

AUGUST 9, 2022

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. Here’s what real estate agents across the country had to say about how they approaching their real estate budgeting. 1.

Real Estate 90

Real Estate Real Estate Agent Business Tools 90

Housing Wire

AUGUST 9, 2022

CARE. 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.

Modernization 281

Modernization 281

Mashvisor

AUGUST 9, 2022

Real estate investing is one of the most fruitful paths you can probably choose. It can be if you know the websites to find investment property.

Investing 68

Investing Real Estate Tools Investors 68

BiggerPockets

AUGUST 9, 2022

Investors often purchase an investment property without having a solid handle on exactly how or if it will be profitable. To be fair, none of us were given instruction manuals when […].

Investing 64

Investing Investors Real Estate 64

Lamacchia Realty

AUGUST 9, 2022

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.

Realty 56

Realty 56

BiggerPockets

AUGUST 9, 2022

As an entrepreneur trying to build wealth, how do you find work-life balance? How do you prioritize your family and life when you work long hours for a better future? […].

Real Estate 57

Real Estate 57

Mortgagebroker News

AUGUST 9, 2022

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

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Eppraisal

AUGUST 9, 2022

Inflation rates have been high and there is talk of a recession. Sound familiar? This was a similar story back in 2008. Back then the economy dove down into a deep recession and home values plummeted. However, this time a real estate recession is not likely as prices and demand remain stable. Here are a couple key differences from the last Recession: Home Prices Still Increasing The past few years homeowners have been enjoying property value increases.

Real Estate 36

Real Estate Inventory Home Value Buyers 36

Mortgagebroker News

AUGUST 9, 2022

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

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Housing Wire

AUGUST 9, 2022

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 in July as lenders streamlined their loan offerings in a shrinking mortgage origination environment, said Joel Kan, associate vice president of economic and industry forecasting at MBA.

Mortgage 381

Mortgage Government Inventory Lending 381

Mortgagebroker News

AUGUST 9, 2022

Private lending is on the rise, while conventional products are slowing down

Lending 63

Lending Marketing Mortgage 63

Will Springer Realtor

AUGUST 9, 2022

Winston Churchill once said: “To improve is to change. To be perfect is to change often.” While perfection may remain elusive, it’s heartening to see our region boldly move forward with its designs on a network of light rail routes that are slowly connecting north, south, east and west. In the decade-plus living in Seattle, I have seen some remarkable growth.

Transportation 36

Transportation Retail Development Law 36