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Property managers dodged bullet after Signature failure — for now

Inman

A short-term fix by the federal government helped thousands of property managers keep the lights on after the collapse of Signature and Silicon Valley Bank. But lending will be tougher now, experts told Inman.

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Wells Fargo, CoreLogic partner on real estate tax processing operations

Housing Wire

Wells Fargo and information services company CoreLogic partnered on real estate tax processing operations to enhance risk management, compliance and customer experiences in the mortgage servicing sector. A total of $152 billion in property tax payments were processed through the portal in 2021 and about 80% of U.S.

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Opinion: To redress racial bias in mortgage underwriting, scrap the credit score

Housing Wire

With civil rights bills like the Fair Housing Act (FHAct) and Equal Credit Opportunity Act (ECOA) now the law of the land, most lenders will note that they rely on supposedly objective borrower screening algorithms to make lending decisions. But the results tell a different story.

Mortgage 374
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MBA nominates Lennar Mortgage’s Escobar as vice chair

Housing Wire

Escobar’s background will ensure members’ “commitment to advancing homeownership and affordable rental housing opportunities nationwide,” said Kristy Fercho, 2022 MBA chair and executive vice president and head of home lending at Wells Fargo. How smart home technology can benefit renters and property managers.

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Here are the 2022 HousingWire Vanguards!

Housing Wire

Head of Neighborhood and Community Lending. Managing Director and Global Head of Mortgage Services. Senior Executive Vice President, President of Residential Servicing and Correspondent Lending. Supreme Lending. Head of Home Lending. PURE Property Management. Planet Home Lending. Company Name.

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How to vet private money lenders for real estate investing

Housing Wire

If your state requires a lending license, make sure a the lender is licensed. Examine previous transactions with a lender, such as funding renovations on investment property, to better understand the lender’s experience with diverse real estate projects. Establish a private money lending network for real estate.

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Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

” Alternative business models One broker who says he is prepared is Scott Brady , owner of Progressive Property Management Inc. I was just too busy building the company, selling real estate and developing properties.” “Fast forward to 2022, and we manage 1,200 properties through Southern California.