Housing Wire

APRIL 18, 2024

Non-QM vigilance Pamela Hamrick, president of Incenter Diligence Solutions , which provides due-diligence reviews and document management services for the mortgage industry, said that prefunding reviews are also gaining more traction in the nonqualified mortgage ( non-QM ) space.

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Loans Due diligence Investor Technology 448

Housing Wire

NOVEMBER 30, 2021

We’ve grown in excess of 100 employees already in two-and-a-half quarters, that’s underwriters,” said John Levonick, CEO of Charlotte-based Canopy , a third-party due-diligence (TPR) firm that started doing business in the second quarter of 2021. And we’re actively hiring. Are we planning to double the size of the firm every two years?

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Due diligence Mortgages Loans Residential 434

Housing Wire

JULY 11, 2024

The firms say this is especially useful in the “current volatile market “ as it shortens the timeline for trades, streamlines the due-diligence process and offers “instantaneous settlement.“ Fintech firms Rocktop Technologies and LiquidFi on Thursday announced a milestone in their business partnership that was formed earlier this year.

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Due diligence Mortgages Investor Technology 435

Housing Wire

DECEMBER 2, 2021

The imbalance has been particularly acute for third-party due diligence (TPR) firms that employ underwriters to review and assess the quality of loan pools used as collateral in private-label securitization deals. He also said his firm is working to “modularize” its approach to due-diligence reviews in the private-label space.

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Due diligence Mortgages Technology Loans 397

Housing Wire

DECEMBER 9, 2021

Goldman Sachs’ string of residential mortgage-backed securities (RMBS) offerings this year were dominated by a dozen prime jumbo-loan deals backed by loan pools valued at $7.7 The [private-label] market started coming back this year [after dropping off in 2020 due to the pandemic], and deals started getting done,” Franco said. “The

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Loans Due diligence Residential Mortgages 435

Housing Wire

JUNE 3, 2024

State regulators, investors, creditors, business partners, and the public in general conducting due diligence or research are expected to use the information available. On Monday, the U.S. consumer financial watchdog announced that it finalized a rule establishing the new registry. The final rule is effective on Sept. In 2008, the U.S.

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Due diligence Banks Mortgages Lending 474

Housing Wire

AUGUST 25, 2021

Prior to the Great Recession, private label securitizations (PLS) constituted a majority of all residential mortgage-backed securities (RMBS) issued. In the intervening years, the makeup of the RMBS market has changed significantly and, today, Fannie Mae , Freddie Mac , and Ginnie Mae are responsible for approximately 99% of RMBS issuance.

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Due diligence Marketing Finance Investor 418

Housing Wire

JUNE 10, 2024

Los Angeles -based Dunmor , a technology -enabled lender that specializes in loans for residential real estate investors , has added a pair of experienced executives in the business-purpose lending space. Huff has also worked in the whole loan investment sector on pricing, due diligence, portfolio surveillance and loss mitigation.

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Lending Due diligence Finance Loans 345

Housing Wire

APRIL 26, 2022

In addition to crypto-mortgages, LoanSnap is a full-stack mortgage company that originates traditional mortgages as well. Our system I think is good enough that it can do not just the loans that we originate, but [loans originated by] other people,” Jacob said. It’s an open platform. To date, LoanSnap has originated about $7.3

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Due diligence Mortgages Equity Loans 476

Housing Wire

OCTOBER 19, 2021

The companies behind these platforms – ranging from stalwarts like Black Knight and MCT , to startups such as Maxex and Maxwell – essentially connect lenders and investors, and also match them with critical services such as paper standardization and due diligence. “In 2021, we’ve had a record volume.

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Loans Due diligence Mortgages Investor 390

Housing Wire

MARCH 2, 2021

HousingWire: What are some due diligence and underwriting challenges loan originators face today? Steve Greenfield: Lenders have always faced certain challenges when meeting necessary due diligence and providing accurate underwriting services. With the pandemic, they can be even more difficult these days.

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Title Lending Due diligence Title search 334

Housing Wire

DECEMBER 30, 2024

Historically, life insurance companies shied away from investing in residential mortgages. But, thanks to the influence of private equity investors, cash-rich insurance companies are increasingly drawn to private debt assets that pay higher premiums due to their illiquidity. Non-QM market share grew from less than 3% of U.S.

Banks 395

Banks Due diligence Residential Investor 395

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. Demand for existing homes — including REO assets — outpaces the available supply. territories.

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Due diligence Marketing Mortgages New Construction 434

Housing Wire

AUGUST 12, 2022

Loans in Pools 1 thru 3 are being serviced by New Residential Mortgage LLC , NewRez LLC and Fannie Mae — and subserviced by NewRez LLC, Fannie’s fact sheet on the deal states. The parent company of New Residential Mortgage, Caliber Home Loans and NewRez — New Residential Investment — earlier this summer was rebranded as Rithm Capital.).

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Loans Purchase and sale agreement Principal Due diligence 397

Housing Wire

JULY 10, 2024

For over 37 years I have been a consultant to brokerage firms, MLS’s, Association of Realtors, and other entities related to the residential brokerage industry. In addition to general advisory consulting, I was involved in nearly 1,000 sales or acquisitions of entities in this industry. Here is what I learned.

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Purchase and sale agreement Due diligence MLS Brokerage 435

Housing Wire

DECEMBER 12, 2022

The special purpose acquisition company announced Friday that it signed a non-binding letter of intent with the privately held $3-5 billion asset holding company with nationwide residential mortgage lending and servicing operations. “We Figure Technologies raised $1.6

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Banks Mortgages Due diligence Technology 434

Housing Wire

JANUARY 5, 2022

SitusAMC subsidiary Securent is expanding its reach into the private-label market with plans to soon introduce a loan-defect insurance product for residential mortgage-backed securities (RMBS) transactions, according to executives from both companies. SitusAMC CEO Michael Franco.

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Due diligence Marketing Loans Mortgages 417

Housing Wire

AUGUST 14, 2023

billion in penalties to settle a civil action alleging misconduct related to the underwriting, issuance and sale of residential mortgage-backed securities (RMBS) before the 2008 financial crisis. A recent filing from UBS showed the Swiss bank took a hit of about $17 billion due to the takeover. The settlement with the U.S.

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Due diligence Banks Loans Investor 369

Housing Wire

JANUARY 13, 2023

The third deal in motion, also backed in part by investment properties, is now undergoing due-diligence review. It is an estimated 470-loan securitization — with no value yet assigned in the due-diligence documents filed with the U.S. They include a $405.2 Approximately 36.8% Another of the planned offerings is a $485.9

Marketing 448

Marketing Investor Due diligence Loans 448

Housing Wire

JUNE 2, 2022

Even though J.P. Morgan CEO Jamie Dimon is famously no fan of crypto, the bank dove into the enigmatic world of blockchain-based finance in 2020 with the launch of Onyx , a business unit devoted to exploring and expanding the use of blockchain technologies. . It’s very hard to hack a blockchain.”. You don’t need it.”.

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Equity Technology Due diligence Investor 418

HomeLight

MARCH 30, 2021

As a buyer, that means you have to do your due diligence from both a practical and contractual perspective. What does due diligence mean in residential real estate? That’s why we’ve put together this guide to due diligence for a homebuyer. Free Homebuying Due Diligence Checklist.

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Due diligence Inspection Title Pre-approval 105

Housing Wire

DECEMBER 3, 2021

She joined CNBF after more than a decade with Seacoast Bank , where she served as senior vice president, residential lending production manager. Compared to 2007 and 2008 there’s more due diligence in mortgage qualifying. The reporting is unbiased and provides relevant information for today’s industry.

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Due diligence Loan Officer Banks Industrial 397

Housing Wire

DECEMBER 6, 2023

Consider the residential client disappointed at the lack of inventory , or the commercial investor with many vacancies in a once-thriving property. Do your homework While some urgent situations are beyond your control (see: global pandemic), others can be largely pre-empted with due diligence.

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Due diligence Technology Commercial Property Management 435

Housing Wire

MARCH 17, 2022

The MAXEX report notes that residential mortgage-backed securities (RMBS) deals backed by investment properties decreased “significantly in February,” in large part due to the removal of the agency limit on purchasing those loans. Pelka agrees that the PLS market is under pressure. “In of the Omicron variant of COVID-19.

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Loans Marketing Due diligence Residential 413

Housing Wire

APRIL 8, 2022

That’s what it looks like to some of the experts behind the scenes who are responsible for rating and conducting due diligence on private label securities (PLS) offerings. With that said, the pace and volume of deals in the PLS market so far this year has still outstripped last year’s market performance over the same period.

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Marketing Due diligence Investor Loans 370

HomeLight

AUGUST 24, 2022

The law requires sellers to disclose material facts about the property through the Residential Property Condition Disclosure Report. Looking to sell a house “as is” in Connecticut? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. Disclosures.

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As-is Inspection Closing costs Investor 111

Housing Wire

DECEMBER 7, 2023

Enroll + SAVE 30% Use Promo Code HW30 Overview According to the CE Shop, its prelicensing student satisfaction rate is 96% and its students have a 64% pass rate (12% better than the national average). They attribute these success rates to their consistently up-to-date course content and interactive approach to learning. out of 5 stars Rating: 4.5

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HR Pre-approval Brokerage Commercial 433

Realty Biz

MARCH 15, 2021

Smart contracts can also improve due diligence, save on costs, and reduce the likelihood of fraud, payment disputes, and many other issues. While blockchain has already been used in sectors like finance and logistics for many years, the technology is now being leveraged within the real estate sector. Blockchain in real estate.

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Technology Due diligence Title Marketing 145

RIS Media

MAY 26, 2023

Setpoint has acquired Resolute Diligence Solutions, a due diligence provider focused on Single Family Rental (SFR) and Residential Transition Loans (RTL). … The post Setpoint Acquires Resolute Diligence Solutions appeared first on RISMedia.

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Due diligence Lending Residential Technology 111

Realty Biz

FEBRUARY 16, 2023

Two United Real Estate franchise owners have partnered to bring one of the most unique residential real estate models to Charleston. For example, agents learn how to perform due diligence on the property and neighborhood to ensure it aligns with the client’s needs before showing. Some would argue, almost recession-proof.

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Residential Due diligence Brokerage Development 87

Realty Biz

FEBRUARY 19, 2024

However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Careful due diligence is necessary to ensure you don't make any significant mistakes. Zoning determines land use, such as residential, commercial, or agricultural.

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Land Due diligence Title search Finance 128

HomeLight

JUNE 4, 2024

Investors purchased more than $1 billion worth of Atlanta-area residential real estate in the first three months of 2024, placing it in the top 10 U.S. Do your due diligence Researching and vetting cash-for-homes companies is crucial to verify their legitimacy. markets for investment activity.

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Proof of funds Due diligence Investor Agents 110

Realty Biz

JANUARY 25, 2023

Acquiring residential rental properties is a great way to build wealth and generate passive income. The following are some things to keep in mind when acquiring residential rental properties. Research and Due Diligence Before making an offer on a property, it is important to do your research and due diligence.

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Due diligence Hard money loan Property Management Finance 94

Realtor.com

AUGUST 13, 2020

According to agent Melanie Atkinson with Coldwell Banker Residential Real Estate, in Tampa, FL, when buying a house, “The last thing you want is to feel rushed or make a decision in haste that you will later regret.”. This timeline is important for buyers to keep in mind for a variety of reasons. Step 1: Get pre-approved for a mortgage.

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Pre-approval Pre-qualification Due diligence Loans 143

RIS Media

APRIL 5, 2022

Launched in 2013, this marks the tenth cohort focused on solutions for the residential sector and the fourth cohort dedicated to scaling solutions for commercial real estate, according to the organization. CREtelligent : Innovative due diligence solutions, analytics, and professional insights for commercial real estate acquisitions.

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Due diligence Commercial Technology Property Management 98

Realty Biz

AUGUST 13, 2021

A turnkey rental doesn’t become passive until you’ve done the original due diligence to put all the right pieces in place. Always do your due diligence on both the house and the business you are purchasing from. These are typically single-family houses or duplexes that are rented to long-term tenants.

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Investor Due diligence Homeowner’s association Property Management 117

Realty Biz

JANUARY 10, 2022

We think there might be good money to be made by developing the acreage into a residential development with large lots (1/2 acre each). You’ve stated that your goal is doing this by developing residential houses, so I assume you know that the property is zoned for this. Ask Brian is a weekly column by Real Estate Expert Brian Kline.

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Development Land Due diligence Investor 118