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Anywhere faces racketeering charges in Minnesota lawsuit

Housing Wire

The suit also alleges that the defendants which include the brokerages, agents, brokers, support staff, title companies and banks involved in the transaction coordinated to gain an unfair advantage. The defendants in the suit did not respond to HousingWire s requests for comment.

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Qualia launches Bank Partner Network for title company customers

Housing Wire

On Tuesday, the firm announced the launch of the Qualia Bank Partner Network. The banks in the network include BankUnited , Capital Bank , Citizens , Encore Bank and Emigrant Bank. Additionally, the companies in the network will receive specialized support from a dedicated banking division.

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Qualia launches wire fraud protection product

Housing Wire

Qualia on Tuesday said the new product provides closing agents with the ability to securely collect and share wire instructions with buyers and sellers, and it features systems for earnest money deposit collection, automated wire matching, wire-sending integrations, wire fraud detection , and seller ID verification.

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From consultation to closing: The definitive homebuying checklist

Housing Wire

This typically includes: Recent pay stubs Last two years tax returns Recent bank statements Proof of any additional income or assets Discuss the budget Once you have the mortgage pre-approval, have an open conversation about your client’s financial situation.

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Deeper asset history unlocks new lending opportunities

Housing Wire

Whether borrowers scan paper bank statements or upload PDFs retrieved from online banking, they must provide lenders with all statement pages, including those intentionally left blank by the financial institution. Or maybe the lender just needs to verify the source of a borrower’s earnest money deposit.

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Fight Fraud, Don’t Fear it

GeekEstate

Physical paper checks can be easily altered or forged while also requiring consumers to go to a bank to retrieve them. Unfortunately, wires are just as tedious with high fraud risk involved as well as associated bank fees. Yes, check fraud is a thing! Fortunately, new ACH platforms, like paymints.io We built Paymints.io The paymints.io

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3 Times Your Earnest Money Deposit Could Be At Risk

Dwell Real Estate

The earnest money deposit—the cash you as a buyer offer to essentially call dibs on real estate—is one of the most important (and often misunderstood) parts of the home-buying process. In the Sarasota area, home buyers will usually put down anywhere from 1 to 5 of the real estate purchase price as earnest money. (If