article thumbnail

Re-thinking property tax reporting can help meet lenders’ need for speed

Housing Wire

With the increasing “need-for-speed” at which the lending community moves, keeping up is a constant task that never gets any easier. New entrants continue to join the market with better technology and digital processes to simplify the loan process and provide fast closing experiences to meet consumer needs.

article thumbnail

How lenders can improve property tax estimation processes to bolster borrower satisfaction

Housing Wire

For the past few years, low mortgage rates have fueled a housing market so hot that even a pandemic couldn’t derail purchase originations. Record-breaking lending volumes led many lenders to tighten up their processes across every stage of the mortgage cycle.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Incenter Lender Services promotes Sara Parrish to COO

Housing Wire

” Incenter has businesses focused on capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing. According to Parrish, some of Incenter’s clients, such as IMBs, face pressures from the market downturn.

article thumbnail

CFPB proposes rule to bolster PACE loan borrower protections

Housing Wire

With a residential PACE loan, renovations are financed and are then paid back by the borrower as property tax payments to their local government, resulting in higher property tax payments for borrowers. “We are proposing new rules that would require sensible safeguards on these clean energy loans.”

article thumbnail

Fix and flip market struggles as financing costs rise

Housing Wire

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM. A year ago, we were offering to lend 85% loan-to-cost or 90% loan-to-cost, and that’s down to like 75% loan-to-cost.

Finance 352
article thumbnail

CoreLogic’s Digital Tax Portal increases payment accuracy for servicers

Housing Wire

When facing a challenging and uncertain market, servicers will naturally seek a tax vendor they can trust. CoreLogic has led the residential property tax industry for years. Inaccurate property tax payments lead to refunds, penalties, and a diminished homeowner experience.

article thumbnail

Home affordability plummeted in fourth quarter

Housing Wire

Homeownership continues to swerve into unaffordable territory, with median-priced single-family homes becoming less affordable in three-quarters of the nation’s market, a report published by ATTOM Data Solutions last week said. Presented by: Equifax. The post Home affordability plummeted in fourth quarter appeared first on HousingWire.