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People Movers: FundingShield, North American Title Company, Valligent Technologies, Garris Horn and Azimuth GRC

Housing Wire

Patricia Suazo has joined FundingShield as its vice president of technology operations and integrations. 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.

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Citywide Home Loans settles a $1.2M data breach lawsuit

Housing Wire

Citywide Home Loans , a Utah-based mortgage lending company, agreed to settle a $1.2 The news was first reported by legal website Top Class Action. Because the mortgage industry has become more technologically interconnected, companies are spending more on IT security and infrastructure.

Legal 312
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What Metaverse real estate means for mortgage professionals

Housing Wire

There is a legal description. In Decentraland or Sandbox, for example, the legal descriptions are individual pixels (essentially code) that define the “parcels.” To boot, one of the first financing transactions on record was made in January 2022 by technology firm TerraZero. Lending is lending.

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Stone Point Capital, Insight Partners to purchase CoreLogic

Housing Wire

“CoreLogic is a mission-critical vendor and data provider across industry sectors in which Stone Point has specialized over the past 20 years, including mortgage, residential real estate and P&C insurance,” said Chuck Davis, CEO of Stone Point Capital. Strategies lenders should adopt from direct to consumer lending. Sign up here.

Legal 405
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Opinion: More can be done to shorten the average time to close

Housing Wire

Yes, the process of orchestrating the collaboration of lenders, appraisers , home inspectors, one or two real estate agents, a title insurance company, and possibly others is complex. It doesn’t lend itself to a 24-hour cycle. The good news is that this trend towards a general adoption of technology seems to be accelerating.

HOA 404
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FSOC recommends more regulation and liquidity for nonbank servicers

Housing Wire

The FSOC report, released on Friday, states that these companies quickly adapt their operations to market conditions, are early adopters of technology and are key for underserved borrower groups. “I encourage Congress to remove any legal impediments to information sharing between Ginnie Mae and state regulators.

Finance 394
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CFPB wants lenders to disclose reason for denial of credit

Housing Wire

The requirement also applies to mortgage lenders, legal experts say. The CFPB issued a statement to warn creditors that technology being “too complicated” is not an excuse for noncompliance. The CFPB issued a statement to warn creditors that technology being “too complicated” is not an excuse for noncompliance.

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