Housing Wire

SEPTEMBER 19, 2023

The guidance describes how lenders must use specific and accurate reasons when taking adverse actions against consumers,” the CFPB said in the announcement. Requirements like these become “especially important” due to the evolving pace of using advanced algorithms and personal consumer data in consumer credit underwriting, the Bureau said.

Legal 423

Legal Technology Finance Lending 423

Housing Wire

SEPTEMBER 20, 2021

Today’s digital business processes and workflows demand more than just accurate information – the information must also be easily understood, available on-demand and delivered in a way that integrates with technology. Case in point: How title companies source property tax status information. Simplifying the Process.

Property Taxes 370

Property Taxes Clients Design Business 370

Housing Wire

MAY 8, 2024

Let’s unpack the role that personalization has in marketing, and how you can use it to boost your business. Some key data points to collect include demographics, behaviors, interests, goals, income, and lifestyle. Blog Content Education is an integral part of becoming a trusted authority in your field.

Agents 411

Agents Marketing Clients Real Estate 411

Housing Wire

FEBRUARY 29, 2024

Storytelling is key to the company’s success and Stewart’s own story explains how he stays cool in any market cycle. Dan Stewart: When you think of the technical landscape today, specifically for CRM , at the very core, everything does almost exactly the same thing: It segments contacts and it sends messaging.

Real Estate 414

Real Estate Agents Technology Business 414

Housing Wire

SEPTEMBER 6, 2023

The ICE — Black Knight merger creates the first end-to-end digital infrastructure that will reorder incentives and change how housing markets operate. The digital future is unknowable, but we do know that information power moves to consumers, value resides in networks and data rights are the new currency.

Supply Chain 370

Supply Chain Real Estate Technology Mortgage 370

Housing Wire

OCTOBER 31, 2023

We keep hearing this case has the potential to “change our industry” but no one really says exactly how they believe it will change. No big deal, except for one thing: Almost all MLS information is already syndicated with every large real estate portal. So how do you enforce one and not all? How could they not?

Real Estate 414

Real Estate Realtors Agents Buyers 414

Housing Wire

JANUARY 25, 2022

HousingWire: The FHFA announced late last year that desktop appraisals will become permanent, and Fannie Mae also just released guidelines regarding the change. How will this affect appraisal technology moving forward? The appraisal process, which isn’t simple to begin with, is becoming even more dynamic.

Technology 370

Technology Appraisal Modernization Valuation 370

Housing Wire

MAY 9, 2024

The findings “Unusual natural events” stemming from climate change have become “an increasingly common reality for millions of homeowners in an era with more frequent — and more severe — weather events,” the report noted. Increasing communications output under existing methods may also make a difference, Cusick said.

Insurance 393

Insurance Finance Real Estate 393

Housing Wire

MARCH 23, 2021

With e-signatures enabled for virtual closings, it has become more difficult for lenders to authenticate income and asset information, while the incentive to cheat is boosted by desperation or perceived opportunity. How lenders can prepare for growing fraud threats. Data-driven analysis. Underwriters with hidden agendas.

Lending 442

Lending Mortgage Sellers Technology 442

Housing Wire

MAY 3, 2021

Zillow filed court papers Friday to dismiss an anti-trust lawsuit from REX on how it displays home-listings, litigation that challenges Zillow’s recent transformation as a company. All parties to the lawsuit agree this agent/other bifurcation stems from Zillow radically changing how it aggregates listing data.

Brokerage 382

Brokerage Agents Advertising Legal 382

Housing Wire

DECEMBER 28, 2020

Today’s RFI will improve FHFA’s understanding of how the Enterprises can improve the appraisal process while at the same time ensuring they don’t take on unintended or inappropriate levels of risk,” Calabria said. The comments we receive will inform how we will modernize appraisals to improve both loan quality and the origination process.”.

Appraisal 450

Appraisal Modernization Valuation Appraisal Process 450

Housing Wire

FEBRUARY 8, 2022

In a December 2020 request for information, FHFA highlighted potential benefits of desktop appraisals, including assisting training of new appraiser trainees, and alleviating appraiser shortages in rural and high-volume areas. Desktop appraisals, he said, still hold the appraiser responsible for getting the correct information.

Appraisal 370

Appraisal Appraisal Process Valuation Renovations 370

Housing Wire

APRIL 4, 2022

At the other end of the spectrum, multigenerational and mixed family households have become more common, as Americans are increasingly “doubling up” to reduce housing costs. Using data to inform your marketing. Our job as mortgage professionals is to help consumers when and how they need us.

Marketing 382

Marketing Mortgage Tools Business 382

Housing Wire

OCTOBER 19, 2022

With interest rates now at 14-year highs, the cost of homeownership is becoming an issue for most prospective home buyers. HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert, about how mortgage lenders can leverage credit to help make homeownership more affordable. Time is the second.

Supply Chain 424

Supply Chain Tools Mortgage Marketing 424

Housing Wire

OCTOBER 20, 2023

The ability to lower one’s commission costs, including to zero, was abundantly available information to a huge portion of consumers. HousingWire’s own data shows that commission rates have been falling consistently over the past 30 years, primarily due to consumers negotiating for a lower rate or a rebate.

Real Estate Agent 424

Real Estate Agent Real Estate Brokerage Agents 424

Housing Wire

FEBRUARY 8, 2024

To understand the dynamics of his new role, RMD sat down with Morales to learn more about his individual and company goals, including the potential for a large national bank to become involved in the reverse mortgage business for the first time since the early 2010s. That would be pretty cool to be able to see that data transmitted.

Mortgage 404

Mortgage Technology Business Advertising 404

Appraisal Buzz

MAY 2, 2022

You can pay attention to many indicators, but the recent infrastructure bill will reveal the most crucial information. Delays will become less frequent, encouraging more people to invest in new residential and commercial real estate and allowing construction firms to serve more customers more quickly. Electric Grids Can Become Greener.

Real Estate 435

Real Estate Supply Chain Marketing Construction 435

Housing Wire

MARCH 18, 2024

They could look at a listing and know what they were going to get paid if their client’s deal closed, and now that is not going to be how it works.” I’m encouraging everyone to do as much as possible because this timeline really does accelerate things in a way that I don’t think a lot of folks were anticipating.”

Brokerage 414

Brokerage Real Estate Agents Sellers 414

Housing Wire

AUGUST 23, 2023

“For things like homeowner’s insurance , title insurance, and realtors, we’ve now just become a marketplace. It is possible, said Garg, because of Tinman, a platform that interacts directly with the customer — meanwhile, in other platforms in the market, a human extracts information from borrowers, he said.

Realtors 370

Realtors Technology Insurance Mortgage 370

Housing Wire

DECEMBER 7, 2023

So the bad actors are becoming more tech-enabled and that’s making their social engineering strategies that much more believable. SW: How are they using generative AI? But now I need to send you some payment information for a wire and I need you to just note this for the file.’ SW: How widespread is this?

Real Estate 442

Real Estate Sellers Technology Real Estate Agent 442

Housing Wire

AUGUST 13, 2021

In February 2019, we wrote an article predicting this seismic shift, detailing how mortgage lenders could and should prepare to not only survive the shift but thrive in the future digital age. Smartphones are just phones and digital wallets have increasingly become our “wallet.” Tech becomes fintech. Data-driven personalization.

Loan Officers 442

Loan Officers Real Estate Agent Modernization Technology 442

Housing Wire

AUGUST 18, 2023

You should always find out how they arrived at ‘their’ price. Learn that information before you arrive at the appointment so you can better strategize, explain the pricing strategy and consider how to ultimately price the home. ’ How did you arrive at that price? You can price too high.

Sellers 370

Sellers Construction Real Estate Finance 370

Housing Wire

JANUARY 18, 2023

HousingWire recently spoke with Adrian Prieto, SVP of wholesale and third-party relationships at Longbridge Financial, about the advantages of HECMs and how they better serve homeowners aged 62 and older. With a HELOC, the loan typically becomes due after ten years. HW: How are HECMs especially beneficial for homeowners age 62+?

Insurance 404

Insurance Design Clients Business 404

Appraisal Buzz

OCTOBER 18, 2021

My frustration centered on the mundane tasks such as setting up files, data entry and getting the data into the analytical tools used to develop and support adjustments. Left to create files, enter data, call on data and follow up to vet the data, building analysis in Excel and other programs, etc.

Modernization 370

Modernization Valuation Appraisal Training 370

Housing Wire

OCTOBER 22, 2020

So, what does this mean for originators? A top originator this year may become a challenge as the market shifts if they are heavily weighted in refinance. The good news is that this data provides clarity and preparation is key. Those that have a better purchase-to-refinance mix will be better prepared here.

Mortgage 475

Mortgage Training Contracts Loan Officers 475

Housing Wire

APRIL 7, 2022

While the pandemic thrust RON into the mainstream of the industry, many are still wondering how the technology can benefit them and the closing process going forward. How does it improve the closing process? Here’s how RON can help improve your closings. . How should you prepare for RON?

Law 370

Law Technology Insurance Agents 370

Cleveland Appraisal Blog

JULY 6, 2022

The same edition of USPAP goes on to make the following comment: “An appraiser may use any combination of a property inspection, documents, such as a legal description, address, map reference, a copy of a survey or map, property sketch, photographs, or other information to identify the relevant characteristics of the subject property.”

Inspection 369

Inspection Appraisal Technology Clients 369

Housing Wire

APRIL 27, 2021

Electronic data gathering and automated verification services have made mortgage processing significantly faster. It wasn’t until weeks later that the National Notary Association began asking how its members would actually identify signers for remote online notarizations. Underwriting has been a sub-minute-long process for years now.

Mortgage 404

Mortgage Technology Tools Modernization 404

Housing Wire

MARCH 18, 2022

The result is that H4P business has become a notable share of his total business. Since H4P volume is only a small fraction of the total business done in the reverse mortgage industry based on 2021 data , Mangus sat down with RMD to discuss his approach in successfully cultivating H4P business. Tie the class into a retirement strategy.

Real Estate 516

Real Estate Real Estate Agent Mortgage Agents 516

Housing Wire

JANUARY 31, 2022

Instead, its leaders are looking ahead and focused on how the company can grow. “ And it does.”. Among the acquisitions are title and settlement offices to expand its share and gain scale in key markets, as well as technology providers to improve the customer experience and expand its data and analytics capabilities.

Real Estate 382

Real Estate Technology Investing Valuation 382

Housing Wire

JANUARY 13, 2021

As we move into 2021 and the subsequent rolling 12-month expirations of forbearance plans throughout the year, new challenges will become even more pronounced. How the National Flood Insurance Program’s recent extension provides stability for the housing market. When does the 180-day period begin? Blocking and tackling.

Mortgage 457

Mortgage Investors Technology Housing Market 457

Housing Wire

SEPTEMBER 14, 2023

If the current job does not span at least two years, the lender is required to contact the prior employer. But depending on how a lender interprets the guidelines, the client could have gotten his application rejected for not having consistent employment for a two-year period without interruptions, explained Gastelum.

Loan Officers 393

Loan Officers Mortgage Finance Clients 393

Housing Wire

JUNE 10, 2021

By partnering with a mortgage company that understands how to streamline non-Qm loans, brokers can close loans quickly and effectively. HW: How does Angel Oak support the broker community at the local level? Add your company logo, contact information and download to send out. Each market is different.

Clients 382

Clients Business Mortgage Investors 382

Raleigh Realty

FEBRUARY 4, 2022

How Accurate is Credit Karma? In this article we will dive into everything you need to know about Credit Karma's accuracy, how often Credit Karma updates, how the service works, as well as what to be aware of: Many people looking to buy a home will need to know their credit score and “how accurate is Credit Karma?”

Advertising 143

Advertising Real Estate Mortgage Lending 143

Appraisal Buzz

SEPTEMBER 20, 2021

With that said, let’s move forward with the second question: How do I reconcile comparables with a wide range of adjusted sales prices? How do we know if our adjusted sales prices reflect a normal distribution? Third, a wide range of adjusted sales prices does not necessarily mean that you did something wrong.

Sellers 195

Sellers Appraisal Inventory Buyers 195

Appraisal Buzz

AUGUST 16, 2021

Trying to meet deadlines, keep my clients informed, and put out a quality product in this busy market is enough to make my head spin. The bell curve is the informal name for a normal (or Gaussian) distribution. It will become much clearer when we get to some real-world experiences and applications.

Market Value 448

Market Value Buyers Appraisal Sellers 448

Housing Wire

JULY 19, 2021

HousingWire recently spoke with Joe Cutrona, SVP, Auction Exchange & Asset Management at Xome, about Xpert Seller and how it benefits both servicers and borrowers. HW: When we think about servicer capacity, what are some of the potential challenges servicers might face and how can having a partner like Xome help solve this?

Sellers 414

Sellers Real Estate Design Marketing 414