Housing Wire

SEPTEMBER 11, 2024

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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Due diligence Mortgages Lending Loans 435

Housing Wire

DECEMBER 16, 2021

As part of that, it’s important to understand that the due-diligence reviews performed on loan pools assembled for securitizations often make use of a process called loan sampling. The concept is simple: A random sample of loans is selected for due-diligence review from a larger pool of loans that often numbers in the thousands.

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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.

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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.

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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?

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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].”

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Loans Due diligence Investor Technology 448

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.

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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.”.

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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.

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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.

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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.

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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.

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Loans Mortgages Due diligence Banks 468

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.

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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).

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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.

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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.

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Due diligence Mortgages Principal Lending 397

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.

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Commercial Brokerage Due diligence Title 448

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.

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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.

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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.

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Mortgages Due diligence 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.

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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.

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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

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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.

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Due diligence Marketing Loans Mortgages 418

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.

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Due diligence Investor Loans Lending 374

Housing Wire

SEPTEMBER 6, 2022

ATP helps lenders turn declined loans into closed loans, and it helps more consumers unlock the generational wealth building power of homeownership. When you send a rent verification request, a busy or uninvolved landlord may simply sign it and confirm a consumer paid their rent on time without the strict due diligence that lenders need.

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Due diligence Banks Finance Technology 476

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.

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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.

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Mortgages Due diligence Banks Technology 418

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.

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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.”

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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.

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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.

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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.

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Mortgages Due diligence Technology Loans 321

HomeLight

JANUARY 14, 2025

Receive your offer in 24 hours and close in as few as 10 days. Do your due diligence Carefully evaluate cash-for-home companies before committing to any offers. Sell Your House Fast in Macon With a Cash Offer Get an all-cash, no-obligation offer through HomeLights Simple Sale platform whenever youre ready.

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Proof of funds Sales Due diligence Banks 95

HomeLight

NOVEMBER 27, 2024

Receive your offer in 24 hours and close in as few as 10 days. Do your due diligence Research any buyer thoroughly to ensure credibility. This document shows their financial ability to close the deal. No showings, no repairs, no open houses.

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HomeLight

NOVEMBER 28, 2024

Receive your offer in 24 hours and close in as few as 10 days. Do your due diligence If you’ve found a cash buyer you’re considering selling your house to, it’s important to thoroughly vet that company or individual to make sure they’re legitimate. No showings, no repairs, no open houses.

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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? .

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Loans Due diligence Fixed-rate mortgage Lending 397