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Opinion: How to avert an impending homeowners insurance crisis

Housing Wire

A brewing crisis is emerging around homeowners insurance and thus far the finance and insurance community has not offered any viable solutions. An overhaul of the homeowners insurance market is in order to prevent an impending catastrophe in the mortgage market. And that’s where policies are available.

Insurance 419
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National Mortgage Insurance integrates with Vesta LOS

Housing Wire

National Mortgage Insurance Corporation (National MI) announced on Tuesday its integration with Vesta , a loan origination system (LOS) provider and software-as-a-service company. ” National MI’s API platform lets lenders and LOS providers quickly and seamlessly retrieve accurate mortgage insurance quotes through Rate GPS. .

Insurance 377
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Private-label securities are in demand as investors bet Fed peak is reached

Housing Wire

And so [investors] can start having greater conviction in the future path of interest rates and in the health of the mortgage market.” The pool of non-QM borrowers includes real estate investors, fix-and-flippers, foreign nationals, business owners, gig economy workers and the self-employed.

Investors 412
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Staircase debuts tool to automate non-delegated mortgage insurance underwriting

Housing Wire

Mortgage tech startup Staircase says it has launched a tool that enables mortgage insurers to automate the underwriting of non-delegated mortgage insurance (MI) policies for lenders at about half of the typical cost. In the delegated channel, the lender underwrites the loan for mortgage insurance and submits it to the mortgage insurer.

Insurance 370
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Polly teams up with mortgage insurance providers to streamline service

Housing Wire

Polly , a software-as-service mortgage technology firm that operates a loan-trading platform, integrated with six mortgage insurance providers to streamline the mortgage process for loan officers and mortgage lenders. . When a quote is selected, the user will receive documentation from the applicable mortgage insurance provider.

Insurance 370
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Today’s Impacts on Property Insurance Costs—And What Investors Can Do About It

BiggerPockets

As insurance premiums climb, property owners need to grasp how economic conditions and natural disasters affect the insurance market. These insights provide practical guidance for real estate investors navigating a dynamic, unpredictable market.

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Insurance brokerage Acrisure buys Tempo Title

Housing Wire

The fastest growing brokerage in insurance industry history, Acrisure , announced Wednesday that it has acquired title insurance and settlement service provider Tempo Title , marking its entrance into the real estate services business. The post Insurance brokerage Acrisure buys Tempo Title appeared first on HousingWire.

Insurance 305