Mon.Dec 05, 2022

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loanDepot VP Brian Covey moves to Revolution

Housing Wire

Brian Covey, a high-profile vice president at loanDepot, is leaving the company after five years to join Revolution Mortgage , another direct-to-consumer retail mortgage lender which was founded in 2018. Covey, who announced the change Monday via a LinkedIn post , joined loanDepot in 2018 and led the sales teams in Tennessee, Alabama, Mississippi and Louisiana, recruiting and training more than 200 sales and operations team members.

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Collect Legally Binding eSignatures In Your Digital Forms

GoForrmz

Create and share eSignature documents in minutes Easily collect legally binding electronic signatures in your digital forms with eSign fields. With GoFormz, you can securely gather signatures anytime, anywhere – without the trouble of messy paperwork. In this blog, we’ll share what eSign fields are and how to use them in your digital forms. The Differences Between Signature Fields and eSign Fields It is very important to note the key difference between Signature fields and eSign fields: E-SIGN A

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As title insurance volume shrinks, workers take on more tasks

Housing Wire

As the mortgage rate environment became increasingly volatile in August and early September, one in three title insurers reported order volume that was below or far below average. That’s according to PropLogix ’s fifth annual “State of the Title Industry” report. With homebuyer demand having cooled considerably since the survey was distributed in August, PropLogix believes that this trend has only worsened.

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What Does Seat Time Serve?

Appraiserblogs

What purpose does “waiting” serve (a.k.a. known as “seat time”)? It was a rainy weekend, so I thought I’d take online classes to meet my continuing education requirements. I’ve always been a fast test taker, often trying to be the first person in the classroom to bring my answers to the proctor first. I’m one of those annoying people, but if I pass the test, should I be penalized for taking the test fast?

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Fintech Achieve closes $175M HELOC securitization

Housing Wire

Early this month, California fintech Achieve announced the closing of its first AAA-rated securitization backed by $175 million in home equity lines of credit. The securitization — which is the process of bundling mortgages into a pool and selling shares of the pool as bonds — consists of three classes of rated notes, which are backed by about 3,300 HELOCs originated by its affiliate Achieve Loans , formerly known as Lendage , the fintech company said in a release.

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Another Major Firm Changed Its Forecast—Home Prices Could Fall Further Than Expected

BiggerPockets

Economists at Morgan Stanley have revised their housing forecast for the coming years downward, following on the heels of other firms that have adjusted their estimates of how far prices […].

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How to Remove PMI

Town & Country Residential Appraisals

What is PMI? PMI, private mortgage insurance, is required to be used when a homebuyer uses a conventional loan and the down payment is less than 20%. There are different rules for FHA and VA loans, so we will only be addressing mortgage insurance for conventional loans in this article. The amount for PMI can range from $30 to $70 monthly for every $100,000 borrowed.

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BiggerNews December: 3 Coast-to-Coast Markets We’d Invest in Next Year

BiggerPockets

Each real estate market has its own type of flavor. Some are short-term rental markets, others are affordable cash-flowing long-term rental markets, and many are in between, capitalizing on strong […].

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How is the labour market faring in the current rate-hike environment?

Mortgagebroker News

Statistics Canada releases latest employment sector figures

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Working remotely? Enjoy the freedom to buy anywhere and find out if you need a remote work letter.

PennyMac

More and more companies are offering remote work, especially due to the COVID-19 pandemic. No commute, greater flexibility and higher performance from employees are just some of the work-from-home benefits. Employers will likely continue to hire remote workers, even across state lines. Another upside to remote work that affects the mortgage industry is how homeowners can purchase a home in an area that suits their lifestyle best.

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Is a change to the mortgage stress test on the way?

Mortgagebroker News

Regulators are due to reach a decision in the coming weeks

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How to Use Mashvisor’s Airbnb Market Research Tools

Mashvisor

In 2023, you will need the best Airbnb market research tools in order to make profitable and efficient short term rental investment decisions.

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Avison Young bolsters occupier services division

Mortgagebroker News

Three principals join the commercial services firm's Toronto office

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Dave Stevens on understanding this housing market

Housing Wire

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. And while my more recent roles were more senior in stature, my mind tends to think like I did when I was a top loan originator in Denver back in the very beginning. In fact, it was the skills I developed selling loans that helped develop my ability to influence policy leaders and others in industry during my time as Federal Housing Commissioner and as CEO of the Mortgage Bankers Ass

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Equitable Bank announces crucial ratings upgrades

Mortgagebroker News

Credit ratings agency lauds bank's diverse funding, profitability

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Understanding the E-SIGN Act and What it Means for Your Business

GoForrmz

Is your business using electronic signatures correctly? It’s no secret: Commerce has gone digital. Whether you’re shopping online at a niche boutique, or swiping a credit card for the plumber fixing your kitchen sink, digital commerce is everywhere. And with it, we’ve entered a realm of digital identities, too. You’re no longer defined by your face matching your photo ID, you have an entire digital presence, including a digital signature.

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Will 2023 be the year of layoffs?

Mortgagebroker News

Twitter, HP, Amazon already losing thousands of employees

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Builders Are Cutting Prices & Offering Incentives, But It’s Not 2008

Eyes on Housing

In November of 2022, 36 percent of single-family home builders reported reducing their prices, and 59 percent were offering special sales incentives. These percentages may seem relatively high—and in fact they have increased significantly since July of this year—but they are nowhere near as high as they were during the 2007-2008 financial crisis. Questions on sales incentives have been a.

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How becoming her own boss shaped this mortgage exec's business approach

Mortgagebroker News

Mortgage president on the perks and challenges of self-employment