Housing Wire

OCTOBER 25, 2024

Novaprime is starting with post-close quality control functions and working backwards. Miami-based Novaprime utilized smart contracts that conform to MISMO standards and extract all the loan data and compare it to source data of documents as well as agency eligibility, all in real time.

Loans 434

Loans Investor Closing Lending 434

Housing Wire

AUGUST 5, 2024

Despite the seemingly common occurrence of seller impersonation fraud, 46% of respondents reported that it was at least “somewhat common” to catch fraud attempts before closing, while 26% said it was more common to catch fraud after closing.

Title 501

Title Land Closing As-is 501

Housing Wire

SEPTEMBER 9, 2024

“We really think closing costs can be a significant obstacle to refinancing,” Chopra said at an AI and technology conference jointly hosted by ICE Mortgage Technology and the National Housing Conference at the New York Stock Exchange on Monday. At least when it comes to redundancies with refinancings, that is.

Mortgages 476

Mortgages Closing costs Title Technology 476

Housing Wire

NOVEMBER 13, 2024

While seasonal factors may slow things down briefly, we’ll be watching closely to see how these recent dynamics affect the market in the coming year.” California (one in 3,152) and South Carolina (one in 3,272) followed closely behind. Cleveland (one in 2,186) and Fresno, California (one in 2,247) followed close behind.

Real-estate owned 448

Real-estate owned Mortgages Closing Banks 448

Housing Wire

DECEMBER 9, 2024

After many years of serving consumers, EasyKnock has closed its doors, a message on the companys website states. In February 2024, the company closed a $28 million Series D funding round from new and existing investors, including Gaingels , Moderne Ventures , QED Investors and Zillow co-founder Spencer Rascoff.

Equity 370

Equity Investor Residential Closing 370

Housing Wire

NOVEMBER 20, 2024

“With total average closing costs of $6,000, FICO’s share of total average closing costs before this new per-score royalty was only approximately two-tenths of one percent.” According to CHLA, the credit costs for closing a single loan have increased from $50 in 2022 to between $150 and $200 in 2024. ” Leading U.S.

Mortgages 435

Mortgages Loan Officer Closing costs Loans 435

Housing Wire

NOVEMBER 15, 2024

Chicago’s offerings include doorbuster deals on Quick Move-In homes, which reduce pricing up to $93,850 if the home closes this year. In Charlotte , borrowers to lock in a lower rate on select Quick Move-In homes that can close by the end of the year. The home builder’s holiday incentives range by location.

Fixed-rate mortgage 418

Fixed-rate mortgage Closing costs Residential Finance 418

Housing Wire

DECEMBER 2, 2024

According to a press release, the merger is expected to close in 2025 and is subject to regulatory approval. In an 8-K filing with the Securities and Exchange Commission (SEC), Compass informed its shareholders that it will purchase the companies for $150 million in cash at closing, along with roughly 44.13

Brokerage 435

Brokerage Closing As-is Sales 435

Housing Wire

DECEMBER 5, 2024

Without accountability, even the best leads won’t translate into closed deals. Step 6: Focus on customer experience to build loyalty A great customer experience not only closes deals but also creates lifelong clients who bring in referrals and repeat business. Personalize follow-ups to maintain relationships long after closing.

Development 370

Development Technology Closing Agents 370

Housing Wire

OCTOBER 31, 2024

If a consumer is in the homebuying process, the fraudster will send false wiring instructions to the homebuyer ahead of closing—often appearing as if they are from a trusted representative in the transaction. The title industry works closely with financial institutions and the FBI to help recover incorrectly transferred funds.

Title 476

Title Industrial Land Banks 476

Housing Wire

OCTOBER 25, 2024

Tom Davis: Investor transactions are still close to 28% of the overall purchase market. Many investors prefer to close in the name of an LLC. Close one loan for a real estate investor and you have a repeat client for life! TD: DSCR loans are one of the easiest and quickest loans to close.

Investor 448

Investor New Construction Construction Loans 448

Housing Wire

OCTOBER 29, 2024

Bryan VantHof, a member of the RE/MAX Advantage Plus -brokered The Minnesota Real Estate Team , also believes the amount the seller nets is central to getting a deal closed. Per the settlement, the agreement must outline how much the buyer broker will be compensated — pending the successful closing of a transaction.

Marketing 448

Marketing Agents Closing costs Industrial 448

Housing Wire

DECEMBER 18, 2024

SUCCESS Real Estate in the Greater Boston area suddenly closed up shop this week. Over the weekend, broker-owner Steve Webster sent a note to his agents informing them that the brokerage was closing, according to a report by Boston 25 News. As the article notes, no one has been accused of a crime at this time.

Earnest money deposit 317

Earnest money deposit Principal Closing costs Brokerage 317

Housing Wire

DECEMBER 18, 2024

This sector is closely tied to the overall economic cycle and tends to show patterns before every recession observed in recent modern history. As 2024 comes to a close, the Fed has managed to overlook these issues for another year due to the factors mentioned above. We will soon find out.

Construction 427

Construction Residential Sales Mortgages 427

Housing Wire

OCTOBER 21, 2024

But once a broker closes their first non-QM deal, the next ones are much easier, and the broker feels safer to sell the products, which helps snowball Non-QM demand. We recently closed a $3.3 We closed the loan in about three weeks. Similarly, we helped an ITIN borrower in Jackson Hole, Wyoming, close a $1.8

Lending 434

Lending Loan Officer Banks Loans 434

Housing Wire

OCTOBER 22, 2024

For title professionals who must manage property records, closing statements and other critical documents, this time adds up. SoftPro is committed to delivering superior solutions to the real estate title, closing and escrow industry. So, always double-check any AI-generated communication for accuracy.

Title 448

Title Industrial Closing Technology 448

Housing Wire

OCTOBER 8, 2024

Due to Stickman’s decision to dismiss the three defendants, combined with the case being stayed for the remaining defendants due to pending settlement agreements, the court decided to close the case. Despite the closing of the case, the parties can request a status conference or seek to reopen the case by filing a motion.

MLS 448

MLS Closing Agents Industrial 448

Housing Wire

NOVEMBER 26, 2024

The best way to determine the psychological pricing strategy that works in your area is to look at both the offering and closing prices of homes that have sold recently. Offer incentives for fast closings Consider rewarding well-qualified buyers who can get to the closing table quickly.

Staging 370

Staging Investor Closing Closing costs 370

Housing Wire

OCTOBER 7, 2024

The entities will seek to find potential solutions for closing the racial homeownership gap. The new initiative comes in the form of a group called the “CONVERGENCE Collaborative,” which is a “coordinated effort to identify and develop solutions to help close the racial homeownership gap,” according to an announcement published by MBA.

Title 435

Title Land Lending Mortgages 435

Housing Wire

OCTOBER 9, 2024

As the buy-side agent, you don’t want to get to the closing table and realize that the seller isn’t going to cover your compensation because you didn’t ask for it in the purchase and sales and your buyer doesn’t have the money to come out of pocket,” McIntire said.

Purchase and sale agreement 468

Purchase and sale agreement Agents Sales Closing 468

Housing Wire

JULY 25, 2024

million customers to Mr. Cooper and improve NYCB’s capital level, is expected to close in the fourth quarter of 2024. “We have long respected Flagstar as a mortgage servicer, and we feel very closely aligned with their cultural values.” As part of the deal, the Dallas-based servicer and lender will pay $1.4

Banks 493

Banks Equity Commercial Mortgages 493

Housing Wire

SEPTEMBER 30, 2024

It’s the idea of keeping close ties with family that are not “not too close.” Eric Klinenberg, a sociology professor at New York University , said that this is also driven by an accelerating trend of what he calls “intimacy at a distance.” Based on the U.S.

Technology 482

Technology Closing Development As-is 482

Housing Wire

NOVEMBER 4, 2024

Angela is the 11th-ranked agent in the state by sales volume, closing 38 sides and $29.82 For this, I turned to New Hampshire-based Cohen Closing & Title , where another cousin is the director of business development. million in volume in 2023, according to RealTrends Verified data.

Purchase and sale agreement 435

Purchase and sale agreement Inspection contingency Inspection Title 435

Housing Wire

OCTOBER 22, 2024

The company announced the addition of the Maine -based Realty ONE Group, a 36-agent team that has closed 338 transactions totaling $128 million in sales volume so far this year. The 21-agent team closed 211 sides for a total volume of $126 million in 2023. eXp Realty continues to add agents and teams at a fast clip.

Agents 432

Agents Residential Technology Development 432

Housing Wire

OCTOBER 1, 2024

Pre-CTC review processes : In a proactive shift, some lenders are moving their QC efforts earlier in the loan process, conducting pre-clear-to-close (CTC) reviews. By identifying potential discrepancies and compliance issues upfront, lenders can prevent more significant problems from surfacing post-closing.

Loans 431

Loans Pre-approval Marketing Staging 431

Housing Wire

OCTOBER 18, 2024

They’ve built a digital platform that brings together loan origination , closing, servicing, and data analysis into an all-in-one mortgage solution. Increased efficiency : Automation is key, helping lenders close loans faster and work smarter. Staying compliant : Built-in features help lenders keep up with changing regulations.

Technology 444

Technology Mortgages Marketing Loans 444

Housing Wire

AUGUST 29, 2024

of the retirement-age population in that state is still working, followed closely by other New England states: Massachusetts (23.8%), New Hampshire (23.0%) and Connecticut (22.6%). This near doubling of worker participation aligns closely with significant changes in government policy.” After reaching a low of 10.8%

Closing 468

Closing As-is 468

Housing Wire

OCTOBER 23, 2024

Do you closely analyze your competitors on major projects like this and, if so, what have you learned in this instance? At Rate, we don’t necessarily track or follow our competitors’ moves closely. Could you offer more specific details on that, and do you have a goal for the typical application-to-closing timeline?

Mortgages 435

Mortgages Technology Loans Development 435

Housing Wire

OCTOBER 7, 2024

The holistic approach: A paradigm shift in quality control The traditional view of QC as a post-closing audit function is rapidly becoming obsolete. ” This approach involves analyzing data from post-closing reviews to inform pre-funding discretionary sampling.

Lending 459

Lending Mortgages Technology Loans 459

Housing Wire

AUGUST 8, 2024

In a normal market, homes sell and list for really close to the same dollar amount. Any given home might be over or under price, but on average, the sale-to-list price ratio is very close to 100%,” Simonsen said. As these business practice changes begin Aug.

Debt-to-income ratio 488

Debt-to-income ratio Marketing Mortgages Days on market 488

Housing Wire

NOVEMBER 11, 2024

Not even close. ” If a deal closes, Zillow will collect 40% of the agent’s commission. No real estate platform in America gets more eyeballs. The lead generation program is designed for top-producing agents and teams who spend thousands a month on Zillow leads.

Mortgages 459

Mortgages Loan Officer Loans Agents 459

Housing Wire

DECEMBER 20, 2024

The reasoning seems simple: if someone excels at closing deals, building relationships with realestate agents , and generating revenue, they must also have the ability to inspire and manage others. Loan officers are often rewarded for their independent drive, ability to close deals, and focus onindividual success.

Industrial 377

Industrial Loan Officer Mortgages Loans 377

Housing Wire

NOVEMBER 26, 2024

Here’s what these the leaders of these organizations had to share: “ Traditionally, the insurable title process has been time-consuming and manually intensive, often delaying closings and increasing costs. For instance, the system can flag potential issues and suggest solutions, leading to faster, more accurate closings.

Title 370

Title Mortgages Title search Bankruptcy 370

Housing Wire

OCTOBER 23, 2024

So when someone goes to close, it’s a consumer service that’s offered — it’s not embedded. It’s introduced through the process, and then at the closing table, the new homebuyer or the person refinancing either says [whether or not] they will take identity theft protection.

Industrial 448

Industrial Title Mortgages Lending 448