Housing Wire

APRIL 18, 2024

“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

Loans Due diligence Investor Technology 448

Housing Wire

OCTOBER 23, 2023

From a data lens, transactions can be broken out into three different stages: Valuation , Due Diligence , and Contract. Valuation – The valuation stage can also be considered the preliminary due diligence stage. Once an offer is accepted, the full due diligence stage commences.

Due diligence 447

Due diligence Brokerage Staging Agents 447

Housing Wire

MAY 20, 2022

That’s why due diligence is a critical element of every mortgage transaction. The purpose of due diligence is to protect lenders by reviewing and verifying all information provided by borrowers to eliminate fraud and other concerns. Of all the factors required for a due diligence review, accuracy is the most critical.

Due diligence 418

Due diligence Loans Residential Technology 418

Housing Wire

OCTOBER 29, 2020

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?

Due diligence 435

Due diligence Mortgages Title search Loans 435

Housing Wire

SEPTEMBER 14, 2021

Terms of the deal, which is expected to close in the fourth quarter of 2021, were not disclosed. Covius, formerly known as LenderLive , said 670 employees of NTC will be joining the firm once the deal closes, including senior management. NTC’s market-leading solutions strategically complement Covius’ existing broad offerings.”.

Title 370

Title Due diligence Closing Loans 370

Housing Wire

JANUARY 6, 2023

This can cause problems for servicers in instances where loans are acquired with unknown, pre-existing property tax delinquencies missed in the due diligence phase. Some of these risks include: Minimum due diligence on a new loan population incurred from the previous servicer “Pre-existing” conditions (e.g.

Due diligence 448

Due diligence Loans Industrial Investor 448

Housing Wire

DECEMBER 2, 2021

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. He also said his firm is working to “modularize” its approach to due-diligence reviews in the private-label space.

Due diligence 397

Due diligence Mortgages Technology Loans 397

Housing Wire

AUGUST 28, 2024

.” Westcor said the tool seamlessly integrates into existing workflows and streamlines the closing process for both consumers and title insurance professionals, all while helping reduce the risk of fraudulent transactions.

Title 448

Title Due diligence Agents Land 448

Housing Wire

FEBRUARY 19, 2025

Ill share everything you need to keep the homebuying process running smoothly from your first meeting to closing and beyond. From choosing a property to navigating the closing process, youll need to do a deep dive into their wants, needs, and deal breakers. Think of this as building a roadmap for their homebuying journey.

Closing 202

Closing Due diligence Earnest money deposit Pre-approval 202

Housing Wire

MAY 15, 2024

The transaction is subject to due diligence, negotiation of definitive terms and other closing conditions. The sale is expected to close in the third quarter of 2024. On Tuesday, NYCB said it entered into a commitment letter with JPMorgan.

Loans 467

Loans Mortgages Due diligence Banks 467

Housing Wire

MARCH 2, 2021

HousingWire: What are some due diligence and underwriting challenges loan originators face today? Steve Greenfield: Lenders have always faced certain challenges when meeting necessary due diligence and providing accurate underwriting services. With the pandemic, they can be even more difficult these days.

Title 342

Title Lending Due diligence Title search 342

Housing Wire

MARCH 15, 2024

That’s probably why so many title and closing firms have tried their hand at CRE business in the effort to diversify. Similarly, because of lack of expertise or experience, more than a few ABAs have closed their doors not long after being established. buyers and sellers) in a residential deal.

Commercial 448

Commercial Brokerage Due diligence Title 448

Housing Wire

MAY 22, 2023

Setpoint , a real estate funding platform, acquired Resolute Diligence Solutions to support proptech and single-family rental re-engagement in the market, the firm said. About six months prior to the funding, the tech firm closed a $5.5 In December, Setpoint raised $43 million in a Series A round led by Andreessen Horowitz (a16z).

Due diligence 434

Due diligence Title Banks Closing 434

Housing Wire

JUNE 21, 2022

The capital markets depend on the due diligence, transparency, and protection our industry provides to do its job. There has been a great deal of innovation around purchasing homes, making credit available, and closing real estate transactions. Real estate is a $3 trillion industry in the United States.

Title 518

Title Title search Land Due diligence 518

Housing Wire

MARCH 16, 2022

California-based ICE Mortgage Technology announced this week two enterprise agreements to integrate its eClose solution to Maxwell and Roostify platforms, enabling a more streamlined closing process for lenders and borrowers. Are digital closings really worth it? Presented by: Notarize.

Due diligence 397

Due diligence Loans Technology Lending 397

Housing Wire

JULY 26, 2022

After accepting Sprout’s written offer, the parties started the due diligence process. Court documents show that Sprout usually held back around 2% of the principal of each loan and returned the sum once due diligence was done and credit and closing documents conditions were satisfied. 20, 2022, to Feb.

Due diligence 397

Due diligence Mortgages Principal Lending 397

Housing Wire

JANUARY 5, 2023

is the latest former business partner to sue Sprout Mortgage in a suit filed six months after the mortgage lender abruptly closed its doors. Loan America agreed it would not fund or close such a loan until receiving a “cleared to close” confirmation from Sprout. California-based Loan America, Inc.

Loans 459

Loans Due diligence Loan Officer Mortgages 459

Housing Wire

JULY 26, 2022

After accepting Sprout’s written offer, the parties started the due diligence process. Court documents show that Sprout usually held back around 2% of the principal of each loan and returned the sum once due diligence was done and credit and closing documents conditions were satisfied. 20, 2022, to Feb.

Due diligence 370

Due diligence Mortgages Principal Lending 370

Housing Wire

APRIL 26, 2022

It offers a 15-day loan-closing window and to date has originated “billions of dollars” worth of traditional mortgages dubbed “smart loans” by the company, according to Jacob, who was one of the original strategic advisors to Facebook when it was in its startup phase.

Due diligence 476

Due diligence Mortgages Equity Loans 476

Housing Wire

MARCH 23, 2021

The COVID-19 pandemic, coupled with skyrocketing refinance applications due to a low interest rate environment, have created a perfect storm for fraud. Underwriters with hidden agendas. Now is the time for lenders to tighten their procedures not only on recruiting and hiring practices, but also lending operations.

Lending 476

Lending Mortgages Due diligence Debt-to-income ratio 476

Housing Wire

SEPTEMBER 13, 2022

It is expected to close by the end of the third quarter, according to Fitch Group, which also is the parent of data, research and analytics provider Fitch Solutions. The loan-level data and analytics provided by dv01 assists clients across the investment-workflow spectrum, from market due diligence to securitizations to performance analysis.

Due diligence 370

Due diligence Marketing Finance Loans 370

Housing Wire

APRIL 7, 2022

The sale is slated to close by mid-June 2022, after due-diligence period. The transaction is expected to close on April 18, 2022.”. The transaction involves three loan pools — with pool 1 composed of loans with about $603.5 million in unpaid principal balance; pool 2 is at $514.5 million; and pool 3, $367.4

Loans 370

Loans Sales Principal Due diligence 370

Housing Wire

JANUARY 5, 2022

SitusAMC, a leading provider of services and technology to the real estate industry, controls some 60% to 70% of the due-diligence loan-review market, according to its CEO, Michael Franco. In terms of competition, Franco added that the private-label market is now largely uncharted territory with respect to loan-defect insurance.

Due diligence 418

Due diligence Marketing Loans Mortgages 418

Housing Wire

APRIL 16, 2021

For those in the title industry seeking to build an M&A strategy, you probably already have a plan; perhaps a consultant and a (hopefully) great attorney or compliance consultant to handle the ins and outs of due diligence, valuation and the acquisition or merger itself. That’s pretty basic.

Title 370

Title Industrial Due diligence Technology 370

Housing Wire

MAY 16, 2023

” Richmond, Virginia-based LenderSelect Mortgage Group, which provides mortgage loan solutions to lenders, closed its sale to Blue Ridge Bankshares Inc. We have everything from the point of sale, quality control to due diligence as we offer services across the entire origination value chain,” Paasonen said.

Mortgages 417

Mortgages Due diligence Banks Technology 417

Housing Wire

SEPTEMBER 21, 2021

Founded in 2016, Maxwell looks to digitize the entire mortgage transaction with fulfillment, payments, and due diligence solutions. Also, it says that its clients close 20% more loans per month and save over 13 days to close deals compared to the market. mortgage market. mortgage market.

Due diligence 344

Due diligence Investor Loans Lending 344

Housing Wire

AUGUST 12, 2022

The reperforming-loan sale is slated to close by late October 2022, after due-diligence period. Bids for the FNA 2022-RPL4 offering are due by Sept. Buyers are required to offer loss mitigation options to borrowers who re-default within five years of the closing of the sale of the reperforming-loan portfolio.

Loans 397

Loans Purchase and sale agreement Principal Due diligence 397

Housing Wire

FEBRUARY 23, 2023

Having said that, we’re seeing continued strong interest in evaluating and purchasing mortgage closing platforms. What we’re hearing is, “Give me a platform that will grow with me and provide me with a consistent operational workflow regardless of whether I am closing via paper, hybrid or fully digital with an eNote.”

Due diligence 397

Due diligence Technology Loans Lending 397

Housing Wire

NOVEMBER 13, 2023

It’s the backbone of the lending process , responsible for handling complex calculations, managing compliance and orchestrating a multitude of moving parts to transform an application into a closed loan. This creates a modular approach, empowering lenders to assemble a tech stack that aligns with their specific vision for borrower engagement.

Lending 435

Lending Technology Due diligence Loans 435

Housing Wire

FEBRUARY 7, 2022

Purchase loans create unique challenges for lender processing, compliance, underwriting and funding teams, particularly when it comes to closing the loan. To help thousands of local closing agents manage their own information securely, while giving lenders an API based solution that can distribute verified data where it’s needed.

Loans 370

Loans Due diligence Title Technology 370

Housing Wire

APRIL 30, 2021

“This is further exacerbated by a broader origination landscape that forces lenders to cobble together technology, operational and financing solutions from a variety of players throughout the market to support the lending process from start through close.”. SitusAMC & ReadyPrice.

Due diligence 321

Due diligence Mortgages Technology Loans 321

Housing Wire

JUNE 28, 2022

One week ago, problems emerged: FGMC’s loan approval, which usually took one business day after due diligence was completed, was taking four days. Depending on the month, FGMC bought between one-fourth and one-third of the loans UpEquity sold to investors through the correspondent channel. Mispricing at FGMC? .

Loans 397

Loans Due diligence Fixed-rate mortgage Lending 397

Housing Wire

DECEMBER 3, 2021

Compared to 2007 and 2008 there’s more due diligence in mortgage qualifying. The HW+ member spotlight series highlights the impact HW+ members have in the industry and the trends that they’re closely watching. HousingWire : What keeps you up at night and why?

Due diligence 397

Due diligence Loan Officer Banks Industrial 397

Housing Wire

MARCH 11, 2022

However, Fairway says that in order to be competitive with its forward mortgage business arm, they can close their H4P loans in as few as 17 calendar days instead of the more typical 45-60 day timeframe. But the goal is to close it in 17 days, except in North Carolina, which you can’t by law.”. Dan Hultquist.

FHA loan 370

FHA loan Due diligence Loan Officer Loans 370

Housing Wire

APRIL 20, 2022

How digital are your current origination and closing processes? For example, are you using eSigning and hybrid closings? In addition to first mortgages, do you (or will you) offer HELOCs and closed-end seconds? Conduct due diligence on the experience and connectivity of potential eVault partners.

Lending 394

Lending Due diligence Investor Technology 394

Housing Wire

MARCH 22, 2024

We are seeing contracts fall through during the due-diligence period because of the sticker shock on insurance costs, so that is definitely a problem.” Due to this, real estate professionals are bringing insurance partners into their transactions much earlier than before.

Marketing 448

Marketing Seller concession Due diligence Days on market 448

HomeLight

SEPTEMBER 21, 2023

Maybe you’ve made it through the settlement and you’re still awaiting closing day , or perhaps you’re still negotiating with your buyer. Either way, you probably have one very important question on your mind: when does a seller get paid after closing on a home sale? So, you’ve accepted an offer on your home sale.

Closing 119

Closing Due diligence Inspection Title 119