Mon.May 16, 2022

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. .

The Mirage, Volcanoes, and the Strip!

Appraisal Buzz

In today’s Buzzcast, the Allterra Group gives you all of the details for the upcoming conference -Valuation Expo! Valuation Expo will be hosted at the Mirage Hotel, September 7-9! Save 50% ($450) on your General Session Pass when you become an Appraisal Buzz Premium Plus Member by May 18th!

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Biden’s plan to fix housing supply depends on Congress

Housing Wire

The Biden administration today unveiled a plan that it says will “help close” the housing supply gap, which one 2021 tally put at 1.5 million homes, in five years. The government would not build any houses.

Guild Mortgage’s CashPass Program Enables Homebuyers to Make Cash Offers

Appraisal Buzz

Guild Mortgage has introduced CashPass, a new program to help homebuyers compete with all-cash offers in this competitive housing market. The program allows homebuyers to write a cash offer with no financing or appraisal contingency required. With less inventory, sellers are getting multiple strong offers and we want to help our clients compete and win,” says Mary Ann McGarry, CEO of Guild Mortgage. “In In this competitive housing market, Guild recognizes the need to help.

A guide to choosing the right non-QM lending partner

Housing Wire

The conditions in today’s market have pushed non-QM to the forefront. Borrowers need it more than ever to qualify for a home loan. Originators need it as a source of opportunity not found in another part of the mortgage sector. Non-QM is gaining speed in the market while agency is shrinking.

Six Providers Integrate Polly’s Streamlining Mortgage Insurance Technology

Appraisal Buzz

Polly , a provider of SaaS technology for the mortgage capital markets space, has been integrated by six primary mortgage insurance (MI) providers: Arch MI, Enact, Essent, MGIC, National MI and Radian. By embedding each MI company’s quoting capabilities into its Product and Pricing Engine (PPE), Polly streamlines the process of calculating, quoting and comparing MI offerings across all providers to save time and effort for the loan officer and mortgage lender. Users receive a.

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Biden Administration Releases Federal Plan to Ease Housing Costs, Boost Market

Appraisal Buzz

President Biden has released a Housing Supply Action Plan to ease the burden of housing costs over time by boosting the supply of quality housing in every community. His plan includes legislative and administrative actions that will help close America’s housing supply shortfall in five years, starting with the creation and preservation of hundreds of thousands of affordable housing units in the next three years. When aligned with other policies to reduce housing costs.

Snapshot of lenders’ Q1 earnings: Profitable players leverage servicing portfolio against origination drop

Housing Wire

As banks and non-bank lenders recently released earnings for the first quarter of 2022, two things became clear: Origination volume plummeted across the board, but those that managed to muster up a good quarter benefited from servicing portfolios.

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CFPB Report Reflects Mortgage Servicers’ Pandemic Metrics and Responses

Appraisal Buzz

The Consumer Financial Protection Bureau (CFPB) has published a report examining mortgage servicers’ responses to the COVID-19 pandemic. The data, collected across 16 large servicers from May through December 2021, reveal homeowners continue to face significant risks and challenges connected to working with their mortgage servicers. This problem is particularly acute for those borrowers struggling to make their mortgage payments after exiting COVID-19 hardship forbearances.

Multifamily Permits Strong At The End of First Quarter of 2022

Eyes on Housing

Over the first three months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 278,189. On a year-over-year (YoY) basis, this is a 0.8% increase over the March 2021 level of 276,110.

Real Estate and the Blockchain: Is it possible?

Appraisal Buzz

In a new blog post, Ryan Jackson, Director of the Fannie Mae Enterprise Innovation Team, discusses the blockchain as it relates to the mortgage industry today. According to IBM, blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a … The post Real Estate and the Blockchain: Is it possible? appeared first on DSNews. The post Real Estate and the Blockchain: Is it possible?

Third party inspectors examined

Valuation Review

Valuation Review sought the insights from appraisal professional leaders as to outsourcing the scheduling and inspection to third-party inspectors where appraisers can dedicate more time to perform an analytical oriented appraisal report.

One-Quarter of Lenders Familiar With Blockchain Technology

Appraisal Buzz

In a new blog post, Ryan Jackson, Director of the Fannie Mae Enterprise Innovation Team, discusses the blockchain as it relates to the mortgage industry today. According to IBM, blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a … The post One-Quarter of Lenders Familiar With Blockchain Technology appeared first on theMReport.com.

Marketing executives look at the ‘green’ side of things

Valuation Review

Valuation Review reached out to Cushman & Wakefield marketing experts Jacob Albers and David Bitner, who shared insight from their report “Green Is Good Part 3: Sustainability’s Impact on Multifamily Performance.”

Stalled Construction Projects Up Nearly 50%

Appraisal Buzz

New housing construction is booming, but due to market constraints, stalled projects are also up compared to pre-pandemic times. In a new article written by Jacob Channel, LendingTree’s Senior Economic Analyst, he finds that strong housing demand has provided builders with plenty of opportunities to begin construction on new homes but labor shortages and global … The post Stalled Construction Projects Up Nearly 50% appeared first on theMReport.com.

Class Valuation releases insights on desktop, digital appraisals

Valuation Review

Class Valuation released new statistics on the impact desktop and digital appraisals have made on the industry since new rules were released earlier this year. The information is featured in a white paper titled “How Appraisal Modernization is Impacting Mortgage Lending

Who Needs Non-QM Loans?

Appraisal Buzz

Greg Austin of Carrington Mortgage Services discusses the flexibility found in non-QM loans for the self-employed, investors, and more. The post Who Needs Non-QM Loans? appeared first on theMReport.com. The post Who Needs Non-QM Loans? appeared first on Appraisal Buzz. Around The Web

Commercial firm appoints new CIO

Valuation Review

BBG recently appointed nationally recognized technology authority Blake Holman as chief information officer. In his new role, Holman will be leading BBG’s efforts to continuously improve the firm’s state-of-the-art information technology infrastructure underpinning BBG’s business.

BSI Adds Two Seasoned Vets to Drive HR and Investor Reporting

Appraisal Buzz

Sean McGowan tapped to head HR, training and company culture, while Shannon Clay joins BSI to manage investor reporting, reconciliations, and cash management initiatives. The post BSI Adds Two Seasoned Vets to Drive HR and Investor Reporting appeared first on DSNews. The post BSI Adds Two Seasoned Vets to Drive HR and Investor Reporting appeared first on Appraisal Buzz. Around The Web

Cost of a mortgage up 20 percent since December

Valuation Review

The cost of a 30-year mortgage on the typical home is 19.5 percent higher than it was three months ago, according to the March Zillow Real Estate Market Report. Even so, the pace and volume of sales picked up in March, showing how many buyers are willing to meet current asking prices

How to Destroy the Appraisal Profession

Appraisers Blog

Anytime the government gets involved in an issue, it tends to have more adverse effects than positive ones. It makes things worse when they only have their plan in mind and NOT the FACTS from the people they are about to hurt.

CBC Mortgage Agency’s Christensen named AMDC chair

Valuation Review

CBC Mortgage Agency, a nationally chartered housing finance agency and a leading source of down payment assistance for first-time homebuyers, announced that Tai Christensen, the company’s director of government affairs and diversity, equity and inclusion (DEI) officer, has been named chair of the American Mortgage Diversity Council (AMDC). Christensen, who succeeds outgoing chair Lola Oyewole, will lead the Dallas-based organization’s efforts to promote DEI throughout the mortgage industry

ProTip: Dynamically Generate Additional Image Fields

GoForrmz

Dynamically enhance your digital forms with Calculations that automatically populate additional form fields to gather thorough form data Did you know you can leverage Calculations to automatically generate additional Image fields as soon as they are needed?

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House expanding company announces acquisition

Valuation Review

Redwood Trust, Inc. providing access to housing for homebuyers and renters, recently said it has entered into a definitive agreement to acquire Riverbend Funding, LLC and its subsidiaries (“Riverbend”), a private mortgage lender to residential transitional and commercial real estate investors, in an all-cash transaction

Canadian housing starts rose in April – CMHC

Mortgagebroker News

The annual pace of new home construction in April surpassed analysts' expectations

Warning: The Decline of Real Estate Experts Could Crash the Market

BiggerPockets

The year was 1999. An exclusive group of multi-billionaires gathered in Sun Valley, Idaho, just like they do every year. As usual, no reporters were allowed within miles of their […]. Opinion* real estate experts

Private mortgages – what’s next for Ontario agents?

Mortgagebroker News

Recent weeks have seen new measures aimed at raising standards for Ontario agents in the private space

Lamacchia Realty Officially Celebrates Braintree Office Grand Opening

Lamacchia Realty

After opening our Braintree office in the Fall of 2021 , we are so excited to be officially celebrating this exciting milestone with a Grand Opening celebration which happened on Saturday, May 14th!

Employee Spotlight: Ashley LaDore | Total Mortgage Blog

Total Motgage

Meet this week's employee spotlight, Ashley LaDore! Ashley is a Post Closing Associate in Milford, CT. Read our interview with Ashley to learn more about her

Analysts: BoC rate hikes will not address housing supply-demand mismatch

Mortgagebroker News

Not even a buyers' market will ensure better affordability, according to CIBC analysts

Mortgage Monday – May 9, 2022 | Total Mortgage Blog

Total Motgage

As the mortgage rate environment continues to change, today’s prospective homebuyers should be more vigilant than ever in their search. Let’s cover the latest news in this week’s Mortgage Monday update

How to get the best mortgage rates in Canada – seven tips

Mortgagebroker News

There is one overriding theme

What Is a VA Home Loan? Requirements, VA Loan Process, and More | Total Mortgage Blog

Total Motgage

Planning to purchase a home or refinance an existing one? If you served in the military or you’re a surviving spouse, then a VA home loan may be an option worth considering. Here's everything you need to know

New Calgary housing complex begins operations

Mortgagebroker News

Federal, provincial, and municipal governments invested $22 million in the affordable housing development