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Surging home insurance premiums challenge mortgage industry, regulators

Housing Wire

In response, the mortgage industry and federal regulators are aiming to determine the best courses of action to mitigate the financial burdens on both homeowners and insurance carriers. “American homes are increasingly underinsured, highlighting the need for the insurance industry and regulators to collaborate on solutions.”

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Navigating movement in the mortgage industry series: Post-closing matters are important too

Housing Wire

Introduction As part of our ongoing discussion on the concept of movement in the mortgage industry, it is readily apparent that the failure of mortgage companies to pivot or tweak their business models to satisfy changing market and other conditions has resulted in consolidation based on liquidity, buyback, financial and other concerns.

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The biggest challenge for the reverse industry in 2024? Mortgage rates

Housing Wire

Reverse mortgage business and mortgage business generally is not where people want it to be. That was a repeated idea shared by a group of reverse mortgage professionals when asked to assess what they see as the biggest industry challenges of the year. But we’ve continued to work through those challenges.

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Navigating movement in the mortgage industry series: Due diligence in mergers and acquisitions

Housing Wire

There is constant movement in the mortgage industry with the desire for growth and expansion. Thus, it has never been more important to focus on due diligence in analyzing a mortgage industry acquisition target. The current environment of mergers and acquisitions (M&A) is evolving. Patent & Trademark Office.

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The mortgage industry is hiring again – but at different terms

Housing Wire

Applicants hoping to get a mortgage job in 2024. After cutting to the bone over the past three years, several large mortgage lenders are beginning to ramp up hiring. However, the industry is approaching this cycle with caution. Image created by AI in Midjourney.) The first thing we are hiring for is more recruiters.

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Identity theft protection company seeks inroads to reverse mortgage industry

Housing Wire

American Identity Group , an information security company that monitors and fixes security breaches and primarily operates in the wholesale lending space, has also become well established in the title and home warranty industries. The company now aims to embed its services in forward and reverse mortgages. 1, monitor,” Harkins said. “We

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Is technology the problem, not the solution, in the mortgage industry?

Housing Wire

The mortgage industry has long been promised a technological revolution to streamline workflows, reduce operational costs, and enhance efficiency. This raises a critical question: Is technology failing the mortgage industry, or are we approaching it incorrectly? The human touch remains critical in mortgage lending.