Housing Wire

OCTOBER 27, 2023

” He also noted that showing the commissions slides does not violate Keller Williams’ antitrust policy, which is designed to prevent agents from discussing commission rates with competitors. Closing arguments in the commission lawsuit trial are expected on Monday. “The 6% commission is a mythical animal,” Keller said. “As

Closing 482

Closing MLS Agents Title 482

Housing Wire

AUGUST 7, 2023

Fannie Mae and Freddie Mac have had affordable lending goals for years, but the impact of closing the minority homeownership gap has not been that significant. 1 answer has been, “They understand my borrowers and know how to close my loans.” When asked why they chose the company for which they currently work, the No.

Closing 370

Closing Fixed-rate mortgage Debt-to-income ratio Lending 370

Housing Wire

APRIL 18, 2024

These include oversight of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac , mortgage purchases designed to improve affordability for low-income homeowners, vendor partnerships and investments in the Low-Income Housing Tax Credit (LIHTC) program. The GSEs also “invested over $1.7

Closing costs 447

Closing costs Loans Design Finance 447

Housing Wire

NOVEMBER 7, 2024

For homeowners with conventional loans backed by Fannie Mae and Freddie Mac , insurance at replacement cost is mandatory, but flood insurance is only required in designated flood zones. Others say homeowners insurance wasn’t designed around catastrophe risk — it was designed around idiosyncratic storms or trees falling on roofs.

Design 482

Design Mortgages Lending As-is 482

Housing Wire

OCTOBER 30, 2024

Users can access AI bots designed to assist agents with general real estate knowledge, sales, marketing , negotiation and motivation. The company cites high home prices as a key barrier blocking agents from closing deals more effectively. Each training bot is designed to tackle one of five challenges that real estate agents may face.

Agents 344

Agents Design Closing Sales 344

Housing Wire

JULY 11, 2024

Atllas is launching a new artificial intelligence tool, Cold Call AI , that the company said is designed to streamline the process of reaching out to prospective home buyers and sellers. According to the company, he closed 24 deals that were purely generated by cold calling. The company is based in Beverly Hills, California.

Technology 435

Technology Land Design Agents 435

Housing Wire

OCTOBER 12, 2022

Servicing Digital , offered as an app or responsive web design, allows customers to easily access their loan- and home-related information, as well as perform self-service capabilities. Black Knight announced the integration of its digital servicing platform and its Surefire CRM, which it says will enhance customer engagement and retention.

Loans 476

Loans Design Mortgages Closing 476

Housing Wire

JUNE 21, 2024

The Federal Housing Finance Agency (FHFA) on Friday announced that it has given conditional approval for Freddie Mac to begin purchasing closed-end second mortgages through a pilot program. The pilot program includes several limitations to the types of loans the government-sponsored enterprise will be allowed to purchase.

Mortgages 459

Mortgages Equity Closing Loans 459

Housing Wire

JANUARY 14, 2025

Its title producer and appraisal management arm, Amrock , will now be known as Rocket Close. This design evolution underscores our belief in the transformative power of homeownership and introduces Rocket as a timeless and iconic brand that empowers people to achieve their dreams. Additionally, Amrock Title Insurance Co.

Staging 370

Staging Title Branding Design 370

Housing Wire

MARCH 13, 2024

If the loan doesn’t close, the cost will be covered by UWM. If the loan closes, UWM will recoup the cost from the borrower in the closing disclosure, UWM’s website stated. The credit report must be ordered within UWM’s system for the lender to cover the cost of the upfront credit pull.

Loans 476

Loans Mortgages Closing Finance 476

Housing Wire

MAY 23, 2024

Freddie Mac ’s head of single-family acquisitions, Sonu Mittal , this week defended the government-sponsored enterprise’s proposal to acquire single-family, closed-end second mortgages amid opposition by trade groups that are worried about its impacts on the secondary market. “Six Six out of 10 borrowers are below a 4% mortgage rate.

Equity 459

Equity Closing Mortgages Lending 459

Housing Wire

OCTOBER 16, 2024

The nightmare created by Keller Williams’ decision to make changes to its profit-sharing program appears to be coming to a close. Agents join the profit-sharing program by designating a sponsor when they join a market center. On Friday, Keller Williams and plaintiffs Eric Mendoza and Jack LeVine filed a document with a U.S.

Brokerage 434

Brokerage Design Agents Closing 434

Housing Wire

MARCH 11, 2024

Broker Edition is designed to provide an intuitive loan management portal for borrowers while making loan management simpler at an accessible price point. Floify Lender Edition is a counterpart to Broker Edition , which was rolled out in December.

Mortgages 448

Mortgages Loan Officer Loans Banks 448

Housing Wire

AUGUST 28, 2024

The title firm has launched val-ID by Westcor, a tool designed to help title agents validate the identities of home buyers and sellers, according to an announcement on Wednesday. “Our technology is designed to deliver precise and swift ID verification, which is crucial in preventing fraud and ensuring secure transactions.

Title 448

Title Due diligence Agents Land 448

Housing Wire

SEPTEMBER 27, 2023

Government-sponsored enterprise (GSE) Fannie Mae announced on Wednesday that it will launch new programs and resources designed to tackle the homeownership gap experienced by the Latino community , designed to “to provide responsible access to housing and long-term sustainable homeownership opportunities.”

Design 468

Design As-is Closing Finance 468

Housing Wire

OCTOBER 12, 2022

Payload, a fintech company focusing on automated payments with API architecture, on Tuesday announced a partnership with technology services provider Premier Data Services , to launch an integration with SoftPro, an escrow and closing software.

Title search 418

Title search Title Closing Land 418

Housing Wire

OCTOBER 15, 2024

The new guidelines are designed to make it easier for consumers to revoke consent for unwanted robocalls and texts. It also follows on actions taken by the FCC in December 2023, where the regulator moved to adopt rules that would close the “lead generator loophole” that had been used in the mortgage business.

Mortgages 482

Mortgages Design Industrial Development 482

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

NOVEMBER 14, 2023

Gen Z likes to stay close to home With the continued trend of remote work and little desire for a long commute, Gen Z buyers are moving to homes in walkable communities with nearby amenities. Gen Z wants a separate space for business One thing Gen Z likes to keep behind closed doors is their work.

Renovation 514

Renovation Technology Design Agents 514

Housing Wire

SEPTEMBER 13, 2024

Partial claims are designed to offer assistance to mortgage borrowers who have fallen behind on their monthly payments, allowing them to become current without impacting the terms of their original loan. The proposal would also extend the time frame for lenders to “record partial claim security instruments from 5 to 15 days,” FHA said.

Loans 459

Loans Title Mortgages Design 459

Housing Wire

MAY 16, 2024

As a result, brokers no longer need to deal with a title company or settlement agent to close a refi. It said TRAC+ will allow the lender to “manage title review, closing, and disbursement.” UWM’s TRAC+ announcement comes as the federal government pushes title insurance alternatives designed to save consumers money.

Title 476

Title Loans Mortgages Closing 476

Housing Wire

JANUARY 10, 2024

Blue Sage Solutions’s primary product offering is a cloud-based digital lending platform designed to operate in the retail, wholesale, and correspondent lending channels while ensuring compliance. Additionally, the platform is accessible to all users, regardless of their current loan origination software.

Lending 448

Lending Loans Technology Investor 448

Housing Wire

SEPTEMBER 16, 2024

Agents join the profit-sharing program by designating a sponsor when they join a market center. Once the agent has begun contributing to the market center’s business by closing transactions, they “receive a portion of the market center’s profits, which will be attributed to the associates in their tree.”

Brokerage 448

Brokerage Design Agents Closing 448

Housing Wire

JULY 23, 2024

Agents join the profit-sharing program by designating a sponsor when they join a market center. Once the agent has begun contributing to the market center’s business by closing transactions, they “receive a portion of the market center’s profits, which will be attributed to the associates in their tree.”

Agents 459

Agents Brokerage Design Closing 459

Housing Wire

JULY 19, 2024

Once the transaction is successfully closed by the Howard Hanna agent and mortgage team, the buyer will receive a credit of 0.5% of the loan amount at settlement to use toward closing costs. The firm noted that the credit amount is capped at $10,000. Hoby” Hanna IV , CEO of Howard Hanna Real Estate Services, said in a statement.

Closing costs 459

Closing costs Brokerage Loans Mortgages 459

Housing Wire

DECEMBER 30, 2022

In those years I originated, underwrote, processed and closed. I always enjoyed beautiful and simple designs. Specifically mid-century modern designs with clean lines that serve a simple function have been a favorite of mine well before they became popular again in recent years. Those five years were my Ph.D.

Lending 435

Lending Design Mortgages Technology 435

Housing Wire

MAY 3, 2023

. “Our collaboration will enable us to leverage our strengths and expertise to deliver a digitally integrated and secure closing experience that is sure to exceed buyer expectations.” ” With this partnership, Stavvy and WFG are aiming to provide clients with digital closing solutions and a seamless closing experience.

Title 418

Title Lending Technology Commercial 418

Housing Wire

DECEMBER 27, 2024

Fleet Homes Real Estate Team – Keller Williams Real estate teams are comprised of real estate agents and other professionals working together towards one common goal to close deals. Depending on the team’s structure, agents can work closely together or independently. Teams are led by a team leader.

Purchase and sale agreement 418

Purchase and sale agreement Branding Agents Closing 418

Housing Wire

MARCH 18, 2024

Regulators are paying close attention to valuations for many valid reasons. Intercontinental Exchange (ICE) Mortgage Technology introduced two new tools, Validate ROV and Validate Selector, to its growing suite of property valuation solutions, the company announced on Monday.

Technology 448

Technology Inspection Investor Mortgages 448

Housing Wire

FEBRUARY 13, 2024

Texas followed closely with a 34% share of sales, marking an increase of 10 percentage points from the previous year. The thoughtful design and selection of community amenities contribute to the appeal for buyers.” Breaking down the data geographically, Florida accounted for 40% of all MPC sales on the top 50 list.

Sales 482

Sales Principal Staging Construction 482

Housing Wire

JUNE 7, 2024

Its “ smart loans ,” which were built using artificial intelligence technology, are designed to help homebuyers find the best mortgage for their unique financial situation. Some of complaints center around allegations that the firm charged nonrefundable fees but failed to close on loans “in a timely manner“ and did not pay taxes from escrow.

Loan Officer 487

Loan Officer Loans Mortgages Lending 487

Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. The entire system has to be designed to inflate the price over time. Remember, the system is designed to keep home prices inflated.

Loans 544

Loans Banks Equity Bankruptcy 544

Housing Wire

MAY 7, 2024

The new Polly/AI offering is currently in closed beta testing among users at some of the nation’s largest mortgage lenders, according to the company, which includes New American Funding and Movement Mortgage. The announcement of the AI functionality improvements follows a series of other announcements made by Polly in March.

Loan Officer 448

Loan Officer Commercial Loans Mortgages 448

Housing Wire

APRIL 29, 2024

The action is designed to inform consumers about the potential pros and cons of taking out these loans, according to an announcement issued by Attorney General Dana Nessel’s office on Monday. “A Department of Housing and Urban Development (HUD)-approved counseling prior to closing the loan.

Mortgages 448

Mortgages Equity Loans Closing 448

Housing Wire

JULY 10, 2024

Pontiac, Michigan-based UWM launched the TRAC+ in May to manage title review, closing, and disbursement for its brokers. It comes as the federal government pushes title insurance alternatives designed to save consumers money.

Title 448

Title Loans Mortgages Design 448

Housing Wire

MARCH 7, 2024

Biden will also call for “lower homebuying and refinancing closing costs and crack down on corporate actions that rip off renters,” according to the White House announcement. The mortgage relief credit would provide “middle-class first-time homebuyers with an annual tax credit of $5,000 a year for two years,” according to the announcement.

Construction 535

Construction Closing costs Renovation Title 535

Housing Wire

NOVEMBER 13, 2023

In reality, the LOS is not the problem; the technology is doing exactly what it was designed to do. Adjust your expectations At its core, an LOS is designed to serve a very specific purpose: ensuring that lenders can originate compliant and sellable loans. It would forever feel like a failure due to its inherent limitations.

Lending 435

Lending Due diligence Technology Loans 435