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Industry veterans launch Canopy in bid to shake up residential due diligence space

Housing Wire

Residential due diligence is an area of the mortgage ecosystem that’s overdue for disruption, according to two industry veterans who want to offer something completely different in the due diligence space through their newly launched company, Canopy. That’s why it has to be done over and over again.”.

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Underwriter shortage slowing the pace of private-label deals

Housing Wire

Underwriters are needed at the beginning of the process to conduct due diligence on mortgage originations, and they are in demand on the back-end of the pipeline to conduct due diligence on the loans being pooled and securitized in RMBS issuances sold to investors. It depends on who you are,” Mayhew explained.

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Risk to reward: Mortgage Connect Risk Solutions continues to set the standard after 40 years

Housing Wire

At the vanguard stands Mortgage Connect Risk Solutions (MCRS), formerly Adfitech, a leader in risk management, quality control , third-party reviews, and due diligence, known for protecting mortgage lenders and investors from the risks inherent in mortgage lending. million loans and reviewing over 300 million documents.

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Loan buybacks haven’t disappeared, but they are trending down

Housing Wire

“The overarching goal of prefunding QC is to ward off problems before they become issues on closed loans. So, the lender, regardless of size, has to come out of pocket and pay for the due diligence, but then they allegedly recapture that cost through better execution [of the loan sale to the end investor].”

Loans 448
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How one mortgage fulfillment service increases efficiencies while minimizing risks

Housing Wire

HousingWire recently spoke with Brian Simon, president of Trelix Mortgage Fulfillment Services, about how Trelix helps its clients work more efficiently while still maintaining compliance and performing due diligence. HousingWire: How do Trelix services help users minimize risks and perform loan due diligence?

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Opinion: Why aren’t more commercial brokerages seeking affiliated arrangements?

Housing Wire

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? That’s probably why so many title and closing firms have tried their hand at CRE business in the effort to diversify. CRE firms are also suffering through the highest interest rates seen in years.

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Shoring up the mortgage underwriter shortfall

Housing Wire

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. One solution advanced is to simply develop and recruit more underwriters for the private-label market.