Wed.Mar 09, 2022

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Wolters Kluwer to acquire document solutions firm IDS

Housing Wire

International governance, risk and compliance giant Wolters Kluwer has inked a deal to acquire International Document Services (IDS) for $70 million in cash. IDS, currently owned by the Reynolds and Reynolds Company , is among the top providers of compliance and document generation software solutions for the mortgage and real estate industry. In a statement on Wednesday, Wolters Kluwer said IDS will become an integral part of its governance, compliance, risk (GRC) division, which provides soluti

Lending 381
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LoanSnap Picks Advantage Systems for Mortgage Accounting Automation

Appraisal Buzz

Advantage Systems , a provider of accounting and financial management tools for the mortgage industry, announced that LoanSnap Inc. has selected and implemented its mortgage accounting automation solution, Accounting for Mortgage Bankers (AMB), including the AMB Sierra dashboard and reporting capabilities for both branch users and executives. LoanSnap has been growing rapidly and needed a scalable accounting system that could keep pace with its growth.

Mortgage 221
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Mortgage applications jump 8.5% as Russia’s war pressures rates

Housing Wire

Mortgage applications jumped 8.5% for the week ending March 4, as mortgage rates dropped for the first time in three months as a result of Russia’s war in Ukraine, the Mortgage Bankers Association (MBA) reported on Wednesday. Borrowers’ demand for mortgages increased across the board. The MBA‘s seasonally adjusted refi index rose 8.5% from the previous week, with a larger gain in government refinances.

Mortgage 370
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Edgemac Acquired by Incenter for Mortgage Loan Quality Management Technology

Appraisal Buzz

Incenter LLC has added Edgemac to its family of 11 companies. Founded in 2006, Edgemac helps investors, originators and other industry participants evaluate loan quality so they can make informed risk management decisions when buying, selling or securitizing mortgages. The company offers loan file due diligence and related document management services to support the closing, purchase, sale and securitization of residential and business-purpose mortgage loans.

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Sagent, Freedom Mortgage extend software deal

Housing Wire

Mortgage servicing software provider Sagent announced on Wednesday that it has extended its software partnership with Freedom Mortgage for another five years, the latest in a string of deals it has struck with some of America’s largest mortgage servicers. Freedom, the largest FHA and VA lender in America, will continue to use Sagent’s cloud-based technologies, including LoanServ (core servicing), Tempo (default management) and CARE (homeowner management).

Mortgage 370
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What is Market Conditions?

George Dell

The conditions of the market, in real estate, means the relationship between supply and demand. Supply and demand issues (at a point in time) are particularly important for new construction. In such cases, forecasting may also be important where build-out and rent-up times affect value. For existing properties, like houses, it seems much simpler, as […].

Marketing 221

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CoreLogic: Mortgage Delinquency Rate Hit Lowest Level in Recorded History in December

Appraisal Buzz

Thanks to an improving economy and growing home equity, the U.S. mortgage delinquency rate hit its lowest level in recorded history in December, falling to just 3.4% of all loans, according to CoreLogic. That’s down from 5.8% of all loans in December 2020. The firm’s monthly Loan Performance Insights Report shows that early-stage delinquencies (30 to 59 days past due) represented just 1.2% of all loans in December, down from 1.4% in December 2020.

Mortgage 195
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Incenter acquires due diligence firm Edgemac

Housing Wire

Incenter is adding a third-party due diligence review firm to its umbrella of companies. Edgemac , which Incenter acquired at the end of last year, does due diligencing for mostly non-QM and jumbo loans, as well as private label reverse mortgages that could eventually be securitized. The firm, founded in 2008, also provides document management services for closing, purchase, sale and securitization of residential and business-purpose mortgage loans.

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Freedom Mortgage Continues Utilizing Sagent’s Software for Mortgage Servicing Operations

Appraisal Buzz

Sagent has signed a five-year partnership extension with Freedom Mortgage Corp. to continue powering its enterprise and consumer mortgage servicing ecosystem. Freedom Mortgage will continue to power scale servicing operations using Sagent’s cloud-based, homeowner-first platforms, including LoanServ (core servicing), Tempo (default management) and CARE (homeowner experience).

Mortgage 195
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Increasing Open Jobs in Construction

Eyes on Housing

The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs increased for the month to 380,000 unfilled positions in January. The highest measure in the history of the data series (going back to late 2000) was 416,000 in April 2019. The housing market remains underbuilt and requires.

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HUD Awards Additional COVID-19 Funds to Fight Housing Discrimination

Appraisal Buzz

Eleven separate HUD-recognized community programs received $2.47 million in American Rescue Plan funds to combat housing discrimination related to the pandemic. The post HUD Awards Additional COVID-19 Funds to Fight Housing Discrimination appeared first on DSNews. The post HUD Awards Additional COVID-19 Funds to Fight Housing Discrimination appeared first on Appraisal Buzz.

Appraisal 195
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5 Ways Digital Forms Simplifies Bookkeeping

GoForrmz

Transform your bookkeeping processes by switching to online forms Keeping records organized and up to date is critical for your business operations. With paper forms, your team is left scrambling over disorganized and messy documents. When companies switch to mobile forms for their data collection and storage, they can rely less on manual re-keying of data into systems like Microsoft Excel.

Tools 148
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The Racial Lending Gap Examined

Appraisal Buzz

The Community Reinvestment Act (CRA) was passed in 1977 to fight explicitly racist redlining policies, and requires federal bank regulators—the Office of the Comptroller of the Currency, the Federal Reserve, and the Federal Deposit Insurance Corporation—to evaluate the performance of banks and thrifts to determine how well each meets “the credit needs of its entire … The post The Racial Lending Gap Examined appeared first on DSNews.

Lending 195
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2022 Commercial Real Estate Trends: What’s Hot, What’s Not, and What to Watch

The Robert Weiler Company

Sometimes it seems as if crystal ball predictions are as much a Q1 tradition as an end-of-year seasonal cheer. While it’s true that writing an outlook on the year ahead has become part of the ritual for many companies, such outlooks are, in fact, valuable. It is especially true if said previews are based in reality and not on the wish lists of what executives would like to see.

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Policy and Congress – How are Appraisers Impacted

Appraisal Buzz

Today’s Buzzcast interview is with John Russell, Strategic Partnership Officer of the American Society of Appraisers (ASA). We sat down with John and Joan Trice, Founder of Allterra Group, LLC to discuss the what’s happening in the market as well as what’s going on with policy and congress. What are some of the changes happening within the industry?

Appraisal 195
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ANSI & Floor Plans Goofiness

Appraiserblogs

“…if you the appraiser are not required to inspect the property yourself, don’t you want to have a more detailed diagram of the home, i.e., a Floor Plan?” There’s been lots of discussion on various forums, classes, Facebook, blogs, podcasts, surveys, articles, etc., about the upcoming ‘demands’ by ONE of the GSE’s to measure using ANSI Standard Z765-2021, and by both GSE’s to provide a Floor Plan for certain assignments.

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Most Valuable Company Profile: Get to Know Claims Recovery Financial Services

Appraisal Buzz

Celebrating 20 years of operations, CRFS discusses its operations as it continues to navigate the post-default segment of the residential mortgage industry. The post Most Valuable Company Profile: Get to Know Claims Recovery Financial Services appeared first on DSNews. The post Most Valuable Company Profile: Get to Know Claims Recovery Financial Services appeared first on Appraisal Buzz.

Appraisal 150
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Emergency Rental Assistance Is Not Reaching Tenants with the Lowest Incomes Fast Enough

Urban

New survey results show that renters with low incomes are having a hard time making their rental payments, but Emergency Rental Assistance funding isn’t reaching them quickly enough to prevent evictions.

Tenants 114
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NAR Reports $2.1 Trillion Increase in Housing Wealth for Middle-income Households Since 2010

Appraisal Buzz

National Association of Realtors ’ (NAR) new “Housing Wealth Gains for the Rising Middle-Class Markets” study examines the distribution of housing wealth between 2010 and 2020 across income groups and in 917 metropolitan or micropolitan areas. NAR found that during those 10 years, nearly 980,000 middle-income households became homeowners. Within that timeframe, total housing wealth for this income group surged by $2.1 trillion. “Owning a home continues to be a proven method for building lo

Realtors 150
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Total Mortgage Activity Varies in Latest Month

Eyes on Housing

In the past month, total mortgage activity, as measured by the Mortgage Bankers Association’s (MBA) Market Composite Index, underwent a series of weekly declines, but increased in the latest week by 8.5 percent. The latest week’s survey is for the week ending March 4. The latest week’s activity consisted of an 8.6 percent increase in purchasing and an 8.5 percent.

Mortgage 111
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New TMG Black Capital Helps Agents Delve into Commercial Mortgages

Appraisal Buzz

HALO Mortgage Advisory Inc. and TMG The Mortgage Group have launched TMG Black Capital to empower mortgage agents and bridge the gap to commercial mortgage brokering. “I came up with HALO to innovate the commercial banking industry,” says Stephen Thomas, CEO at HALO. “Black capital is what the mortgage industry has been missing. Black empowers mortgage agents and brokers to pursue excellence in this industry and access commercial how they want.”.

Agents 195
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What to do if a Buyer Requests Repairs After Inspection

Lamacchia Realty

WHAT TO DO IF A BUYER REQUESTS REPAIRS AFTER INSPECTION. It’s not a secret that it has been a seller’s market for the past few years. Many homeowners are still taking advantage of this market to get big bucks for their homes! Whether you’re looking to upgrade or downsize your lifestyle, it’s always nice to get a fresh start. Unfortunately, the home selling process is never that easy.

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Real Estate Investors Buying a Record Share of Homes in the US

Mashvisor

The US housing market was caught by surprise when real estate investors bought a record high 18.4% of US homes sold in the last quarter of 2021.

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How Mortgage Automator helps set a new service standard between lenders and brokers

Mortgagebroker News

The company's software speeds up the mortgage process on all sides – and provides vital updates at all stages of a deal

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Destin Florida Condos: Are They Worth Investing in 2022?

Mashvisor

There is a rising demand for Destin short-term rentals. It means investing in Destin Florida condos is favorable for real estate investors.

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BiggerPockets Podcast 581: The Hidden Passive Income Source in Your Own Backyard w/That ADU Guy

BiggerPockets

What do you think of when we say ADU (accessory dwelling unit)? If you’re like most homeowners, you probably think of a back house, a mother-in-law suite, or a converted […].

Law 56
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PropertyRadar Reviews: Is It Worth Getting?

Mashvisor

Based on the different PropertyRadar reviews online, you may be wondering, “Is it worth getting?

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Quebec brokers – what regulatory challenges are they facing?

Mortgagebroker News

The province's mortgage professionals have had to contend with a longer checklist in recent times

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Short Term Rental License: What Real Estate Investors Need to Know

Mashvisor

Short term rentals are a very lucrative option when it comes to real estate investing.

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Brokers on Technology 2022

Mortgagebroker News

CMP recognizes the top technology providers with innovative product offerings in 2022

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Homeowners gain $8.2 trillion in housing wealth over 10 years

Housing Wire

From 2010 to 2020, middle-income households gained $2.1 trillion in housing wealth, according to a new study by the National Association of Realtors , released on Wednesday. NAR’s Housing Wealth Gains for the Rising Middle-Class Markets study examined the distribution of housing wealth between 2010 and 2020 across income groups in 917 metropolitan and micropolitan areas.

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RBC: Revenge spending to run into inflation without growth

Mortgagebroker News

The possibility of stagflation is very real in the current environment, RBC CEO says

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More Homeowner Households Reaping the Wealth Gains From Homeownership

Appraisal Buzz

When it Comes to building wealth, the American single-family home is the gold standard of investments. Not only is a home a place to live, but it is typically the largest investment most people will ever make—and for those that take the plunge, they can expect their investment to pay off in spades. Housing wealth … The post More Homeowner Households Reaping the Wealth Gains From Homeownership appeared first on DSNews.

Investing 195
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Survey: Gen-Z shows high levels of confidence in buying their first homes

Mortgagebroker News

Nearly one in four urban young Canadians are expecting a deal within five years

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