Housing Wire

SEPTEMBER 15, 2023

Authorization : A digital loan file of record accessed by a broad range of trusted identities from lenders to guarantors to investors requires a permission structure. Investors require assurance that a file, note or instrument reflects the verifiable intentions of the committed parties. What’s next?

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Supply Chain Technology Investors Legal 368

Padove Appraisal Service

FEBRUARY 24, 2023

Financing: If you are financing your purchase or refinancing your existing mortgage, your lender may require an appraisal to ensure that the property’s value is sufficient to secure the loan. Investment analysis: Real estate investors may use appraisals to evaluate the potential return on investment for a property.

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Appraisal Property Taxes Insurance Market Value 148

Housing Wire

JANUARY 5, 2023

is the latest former business partner to sue Sprout Mortgage in a suit filed six months after the mortgage lender abruptly closed its doors. Loan America, a full-service mortgage company, relies on warehouse loans or lines of credit for loan funding, similar to many other non-QM lenders. California-based Loan America, Inc.

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Insurance Loan Officers Mortgage Business 402

Housing Wire

MAY 27, 2022

The requirement also applies to mortgage lenders, legal experts say. According to Kris Kully, an attorney at Mayer Brown , the notice will affect mortgage lenders because many of the underwriting systems lenders use to measure default risk contain proprietary algorithms, or “black-box models.”

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Law Legal Valuation Government 414

Housing Wire

DECEMBER 14, 2020

Homebuyer , an Ohio-based software startup offering digital mortgages to first-time home buyers, announced on Monday it had snagged $1.4 million in a seed round from private investors. Homebuyer is how they learn about mortgages, get low direct-to-consumer mortgage rates, and affordably achieve their American dream of homeownership.”.

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Loan Officers Investors Legal Buyers 321

Housing Wire

APRIL 19, 2021

Other investors included Greycroft, Pillar VC, 2LVC, and Gaingels. Knox automates and oversees a property’s finances and taxes, insurance, leasing and legal, tenant and property care, banking, and bill pay. That’s $14.7 million of total funding to-date for Knox.

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Landlords Investing Tenants Construction 380

Housing Wire

AUGUST 7, 2020

Suazo has over 15 years of leadership experience in the mortgage lending space with firms including Stearns Lending , Bank of America , Carrington Holding Company and CloudVirga. Before that Yankowski was president and CEO of Executive Title Insurance Services.

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Technology Law Lending Legal 256

Housing Wire

JULY 28, 2023

million settlement with Sprout Mortgage for unpaid wages goes through. million on mortgage purchase agreements. New Wave Lending Group , JMJ Financial Group and EF Mortgage filed on July 5 an involuntary petition against Sprout under Chapter 7 of the Bankruptcy Code in a New York court, claiming the lender owes $1.3

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Mortgage Insurance Business Lending 315

Housing Wire

JUNE 27, 2023

The lawsuit cites potential securities fraud when investors are induced to purchase the lender’s loans in the secondary market based on the false representations on the borrowers’ profiles. The lender claims that since becoming a CDFI in 2018, it has funded over $25 billion in loans to more than 75,000 families.

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Investors Law Insurance Lending 337

Housing Wire

FEBRUARY 27, 2024

The practice of redlining , initiated in the 1930s, where banks and insurers refused services to entire neighborhoods based on racial composition, further entrenched these disparities. Despite these legal advancements, Black Americans still face challenges in achieving homeownership at rates comparable to other demographics.

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Real Estate Investors Business Lending 414

Housing Wire

JUNE 6, 2023

Sprout Mortgage and its ex-workers are close to settling several lawsuits over unpaid wages following the abrupt closure of the non-QM lender 11 months ago. The company also canceled health insurance coverage retroactively to May 1, resulting in several lawsuits against the lender. million and has started a new mortgage company.

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Clients Mortgage Insurance Investors 314

Housing Wire

SEPTEMBER 15, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. Consumer loans such as mortgages and other financial documents require notarization. insurance companies, including home and auto providers.

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Business Law Real Estate Investors 471

Housing Wire

OCTOBER 12, 2020

Under the CARES Act, homeowners have been able to ask for forbearance from their mortgage servicers and suspend payments for up to 12 months. Though numbers have declined since hitting a peak earlier this year, the Mortgage Bankers Association estimates there are still at least 3.4 million homeowners in forbearance plans.

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Legal Training Law Insurance 407

Cleveland Appraisal Blog

AUGUST 25, 2022

Today, Cleveland Appraisal Blog shares a few tips for first-time investors. You may also have to prove that you have enough income to cover the mortgage on all properties that you own. You can use a mortgage calculator to get a better idea of what you can afford based on the purchase amount and down payment. Questions?

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Investing Renovations Landlords Real Estate 332

The Robert Weiler Company

JANUARY 2, 2021

Learn how you, the real estate investor, can avoid the bank and make an agreement directly with the seller. You may have noticed by now that a land contract sounds similar to a mortgage. As such, some investors that purchase Ohio property for sale for the purpose of flipping consider offering a land contract for their real property.

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Contracts Tenants Legal Sellers 143

Housing Wire

FEBRUARY 8, 2022

Goldstone is an executive at a mortgage servicer company trying to reach out to homeowners. “We But we’re having a hard time reaching out to them,” he said during a panel at the annual Residential Mortgage Servicing Rights Forum held in New York City in October. Servicers, lenders and investors dealt with a tsunami of 7.7

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Law Mortgage Legal Finance 361

Housing Wire

APRIL 5, 2022

But what does virtual real estate mean for real-world mortgage professionals? There is a legal description. In Decentraland or Sandbox, for example, the legal descriptions are individual pixels (essentially code) that define the “parcels.” Is there demand for “mortgages” to buy virtual real estate in the Metaverse?

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Real Estate Mortgage Property Taxes Law 527

Housing Wire

FEBRUARY 9, 2021

Presented by: Motto Mortgage. All facets of real estate transactions, from appraisals and advice to financing and insuring, are highly regulated. Trying to innovate using an end-around will likely not only fail in the long run, but it may also land you in legal hot water. Know your customer in order to deliver real value.

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Real Estate Agents Technology Sellers 464

Eppraisal

DECEMBER 28, 2021

Application: Because You Say So When a mortgage applicant sits down with a loan officer to formally request a home loan, the information conveyed is received in good faith, i.e. the lender's representative gives the prospective borrower the benefit of the doubt as far as representations go regarding income, employment, assets and home value.

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Mortgage Home Value Insurance Loan Officers 68

The Robert Weiler Company

MARCH 29, 2023

As an investor, you know that income-generating properties can bring a reliable monthly cash flow and build long-term wealth. Reduce legal concerns. They can also take care of legal matters such as executing and terminating lease agreements, handling security deposits, collecting late rent payment fees, and evictions.

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Property Management Tenants Real Estate Investors 78

PennyMac

JUNE 2, 2022

For example, typical annual costs include things like: Insurance. Mortgage payments. 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. Property taxes. Maintenance costs. Never sell real estate.

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Real Estate Investing Tenants Property Management 69

The Robert Weiler Company

OCTOBER 15, 2021

Also, find out what benefits the new tax bill brought to the commercial real estate industry, particularly for Ohio investors; these benefits might motivate you to make that buy decision quicker than you thought! For CRE investors, the cap rate is a way to determine the property’s ROI potential.

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Investing Real Estate Tenants Investors 138

McKissock

JANUARY 6, 2023

You should also consider non-QM lenders (non-qualified mortgage lenders). Aside from that, there are also private mortgage insurance (PMI) providers, like Radian, MGIC, or Genworth that may have open appraisal-related jobs. In many cases, professional appraisers are hired to handle property assessment appeal work.

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Appraisal Training Lending Land Management 74

Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. Mortgage lending work is only one type of business where appraisals are needed. I have seen a slowdown in my lending work also. So what can we do?

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Business Appraisal Real Estate Agent Clients 393

Housing Wire

APRIL 9, 2024

It’s not often that we can draw a parallel between the automobile industry and the mortgage and real estate industries. The mortgage industry has been awaiting its own “Model T” introduction for quite some time. Yes, the world of mortgage and real estate has come a long way in just a few short years. Sound familiar?

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HOA Real Estate Technology Investors 377

McKissock

APRIL 3, 2022

There are usually too many cooks in the kitchen when you’ve got those who handle your listings, payment transactions, as well as your legal documentation with your clientele. Although there are plenty of cryptocurrencies available, Bitcoin and Ethereum are the likely two that you’ll find title insurance and escrow companies willing to accept.

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Real Estate Real Estate Agent Technology Contracts 73

McKissock

MAY 8, 2022

There are usually too many cooks in the kitchen when you’ve got those who handle your listings, payment transactions, as well as your legal documentation with your clientele. Although there are plenty of cryptocurrencies available, Bitcoin and Ethereum are the likely two that you’ll find title insurance and escrow companies willing to accept.

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Real Estate Real Estate Agent Technology Agents 52

Quicken Loans

APRIL 12, 2021

Foreclosure happens when a borrower fails to pay their mortgage payments and the lender or mortgage investor must repossess the home. Foreclosure : the legal process in which a lender or mortgage investor takes back unpaid property. Increased Mortgage Payments.

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Inspection Property Taxes Mortgage Investors 54

Housing Wire

JULY 14, 2022

It is counter to a popular and politically potent narrative grounded in the aftermath of the Great Recession, when large institutional investors scooped up thousands of properties at foreclosure auction. It turns out local investors are also more efficient than banks and government agencies at renovating and reselling homes.

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Renovations Investors Buyers Retail 351

Housing Wire

MARCH 11, 2022

“I’m not quite sure how it works with a mortgage.”. The brilliant sunshine outside the Miami Beach Convention Center was matched by summit attendees who effused that crypto assets and blockchain technology will enter into residential real estate and benefit agents, investors, and tech wheelers-and-dealers alike.

Real Estate 361

Real Estate Real Estate Agent Agents Insurance 361

The Robert Weiler Company

OCTOBER 21, 2022

If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed. Investors can place their confidence in a licensed commercial real estate appraiser, especially one who is reputable and familiar with the local market.

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Real Estate Appraisal Property Appraisal Valuation 60

Boston Appraisal

JANUARY 12, 2024

They also face legal, regulatory, tax, insurance, and maintenance issues that may affect their value and profitability. Appraisers analyze the legal, physical, and economic factors that affect the highest and best use of the property, and then compare the value of the property under different scenarios.

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Real Estate Appraisal Legal Insurance 60

Realvals

JUNE 18, 2023

One, as way to know the value before making an offer, and two, for the mortgage process after making an offer. Mortgage lenders require an appraisal as part of the loan application process. Unless you are paying all cash, it will be difficult to get a mortgage and finalize your home purchase without an appraisal.

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Appraisal Property Taxes Real Estate Market Value 145

PennyMac

DECEMBER 22, 2020

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. The lender initiates legal proceedings against the borrower to foreclose on the property. Foreclosure. Step 10: Closing.

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Inspection Real Estate Agent Real Estate Agents 69

Housing Wire

APRIL 27, 2021

The federal government is well aware that mortgage lenders and industry stakeholders are frustrated by the 7% cap on second homes and investment properties that was implemented as part of a broader series of amendments to Fannie Mae and Freddie Mac ‘s Preferred Stock Purchase Agreements. The revised PSPAs require that beginning Jan.

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Investing Legal Business Mortgage 382

Hank Miller Team

FEBRUARY 7, 2023

Are the sale proceeds needed for the next home Is it legal and permitted in the community Is it permitted by the mortgage and insurance company Is there an understanding of what being a landlord entails? Atlanta is also one of the top markets for institutional investors and corporate landlords.

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Landlords Sellers Legal Real Estate Agent 40

Will Springer Realtor

APRIL 6, 2021

Mortgage options vary just like the number of home types available for purchase. In Seattle, getting a mortgage on a home at Madison Tower is different than, say, Insignia Towers, and just as it’s different when buying new construction at KODA (opening soon) versus Nexus (open for more than a year now).

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HOA Mortgage Buyers Insurance 36