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Porch acquires mortgage software firm Floify for $90M

Housing Wire

Floify projects $15 million of revenue in 2022 and is projected to bring in $2 million in revenue to Porch for the balance of 2021 post-close, Porch told investors. Investors reacted positively to the acquisition, with shares increasing by 12% to $19.93 as of late Thursday morning.

Mortgage 369
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Feeding the capital markets beast and figuring out pricing in a time of extraordinary uncertainty

Housing Wire

It makes for exciting – and uneasy – times for lenders, investors and policy makers, panelists said at HousingWire Annual on Thursday. “This is where the rubber hits the road between the lender, the investor and the policy maker.” “As an investor, you’re looking at all this trying to figure it out,” he said.

Marketing 370
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Class Valuation’s CIO on solving the appraisal conundrum

Housing Wire

As we’re implementing technology, we always try to think of things that are going to improve the experience for all stakeholders: homeowners, real estate agents, investors, rating agencies, appraisers, loan officers, mortgage brokers. Everybody is affected by the appraisal process.

Appraisal 410
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All residential valuation products now available on the latest Encompass Partner Connect™ API Platform available through ICE Mortgage Technology®

Clear Capital

Encompass enables loan officers to close loans faster, originate more loans, reduce time to close, and create improved borrower experiences. Lenders and investors who use Encompass can also ensure compliance, maintain a single system of record, and gain a competitive advantage.

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The REO Guide: 10 Steps to Buying a Bank-Owned Home

PennyMac

Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity. REO properties are attractive to homebuyers or real estate investors for several reasons. Step 7: Have the Property Inspected.

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How to Buy a Rental Property: Get Tips from the Experts

PennyMac

Sepehr Niakan, a licensed real estate broker at HB Roswell Realty and founder of CondoBlackBook , has sold hundreds of bank-owned properties in Miami and is an avid real estate investor. He provides a list of four factors that new investors need to consider in order to get organized and narrow down their choices. Scott Vance.

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Data Collectors: Appraisers vs. Uber Drivers

Appraisal Today

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. This is the future of GSE using appraisers.