Housing Wire

MARCH 11, 2025

Tomo touts its use of artificial intelligence in streamlining loan underwriting and closing processes. It claims to save the typical homebuyer up to $4,000 in closing costs and offers interest rates that are 50 to 100 basis points lower than the industry average, according to a press release.

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Housing Wire

APRIL 15, 2025

In its 2025 State of eClose Adoption Report released on Tuesday, Snapdocs revealed that 90% of mortgage lending institutions now offer digital closings to customers. Snapdocs said that the rise in digital closings is due to the measurable efficiencies and improved experience that digitization delivers. the industry average.

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Housing Wire

APRIL 16, 2025

Since our income is (usually) tied directly to closings, many real estate agents wonder how to close deals faster. Keep reading for expert tips on how to close real estate deals faster, plus ways to make your real estate transactions more seamless. Thats the quickest way to close a real estate deal fast.

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Housing Wire

DECEMBER 20, 2024

The state of leadership in the mortgage industry When people say, Theres no such thing as a perfect company, are they really acknowledging an inherentflaw or are they feeling the void left by inadequate leadership? Loan officers are often rewarded for their independent drive, ability to close deals, and focus onindividual success.

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Industrial Loan Officer Mortgages Loans 395

Housing Wire

APRIL 3, 2025

While the Redfin acquisition (still pending close) was a clear push into the purchase market, the Mr. Cooper acquisition is about scale, servicing, and customer lifecycle retention. If you think about a Rocket, theyre going to have what is really the holy grail of mortgage and real estate a full end-to-end product.

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Housing Wire

MARCH 3, 2025

This is an exciting milestone for Matterport, as we join forces with CoStar Group to accelerate our impact on the global real estate industry, RJ Pittman, the chairman and CEO of Matterport, said in a statement. .” According to a press release, Matterport has mapped more than 14 million spaces in 177 countries.

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Housing Wire

FEBRUARY 6, 2025

Multistate mortgage lender Click n’ Close on Thursday announced that it’s adding a 30-year, fixed-rate conventional loan option to its SmartBuy Shared Appreciation Mortgage (SAM) program. Click n’ Close’s program also offers down payment assistance (DPA) options ranging from 3.5% to 5% down.

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Housing Wire

OCTOBER 31, 2024

With October being Cybersecurity Awareness Month, it is important that the real estate industry and consumers speak up and spread the word about how to prevent these real estate cybercrimes. In addition to education, industry mitigation efforts are working.

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Housing Wire

APRIL 18, 2025

These findings reflect a lack of appropriate controls by closing agents and lenders to identify and fix issues, the report stated. Escalating fraud risks FundingShield flagged growing concerns around closing protection letter (CPL) validation. It found that 46.8% errors the highest number on record. In Q1 2025, 10.8%

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Housing Wire

MARCH 31, 2025

Rocket Companies is buying Mr. Cooper , America’s largest mortgage servicer, in a market-shattering deal that could reshape the mortgage industry for years to come. Rocket also has arguably the strongest recapture game in the industry, and a deal like this would give it a distinct advantage over all other competitors.

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Housing Wire

FEBRUARY 6, 2025

Younger service members struggle during the homebuying process, particularly around paying closing costs. If anyone deserves to achieve the dream of homeownership, its our nations veterans. Research shows that younger service members are unlikely to achieve ownership. In 1944, the U.S.

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Housing Wire

MARCH 27, 2025

The company calls the move an “industry-first initiative.” FinLocker details that the initiative will eliminate verification costs at all stages of the mortgage journey, from prequalification and underwriting to final reverification before closing. ”

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Housing Wire

APRIL 18, 2025

Patrick Stone, the founder and chairman of Williston Financial Group (WFG), is celebrating 50 years in the real estate industry a milestone that coincides with the 15th anniversary of WFG, which he launched in the wake of the Great Recession. The industry kind of shrugged and said, Thats a lender problem. Its surreal, Stone said.

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Housing Wire

OCTOBER 22, 2024

Artificial intelligence (AI) has become a hot topic across every facet of life, including the real estate and title industries. Marketing Marketing is essential for building awareness and staying competitive in the title industry, yet many professionals struggle to find the time. Feeling overwhelmed by all the AI talk?

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Housing Wire

OCTOBER 29, 2024

So, when many in the real estate industry correctly anticipated changes to the agent commission structure — which were solidified by the National Association of Realtors’ (NAR) settlement following the jury verdict in the Sitzer/Burnett lawsuit nearly a year ago — there was quite a bit of fear about how first-time buyers would be impacted.

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Housing Wire

AUGUST 30, 2024

The title insurance industry is vigorously battling these challenges as it protects Americans’ largest asset, their homes. The title industry is committed to combating all types of financial crimes, including seller impersonation fraud, wire fraud, elder fraud, and money laundering.

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Housing Wire

MARCH 19, 2025

Richards has a long history in leadership and executive roles in the mortgage industry. Shortly after leaving, she sued loanDepot for allegedly closing loans without proper documentation in the lead-up to its initial public offering. At the time of her hiring, she remained the CEO of LendArch. The case is still ongoing.

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Housing Wire

OCTOBER 23, 2024

American Identity Group , an information security company that monitors and fixes security breaches and primarily operates in the wholesale lending space, has also become well established in the title and home warranty industries. When we look at the mortgage industry in our office, we broad-brush it,” he said. “We

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Housing Wire

OCTOBER 18, 2024

Furthermore, after a few years of economic upheaval in the mortgage industry, Jacobson says that creating a culture of freedom and inclusivity is more important than ever for Fairway’s continued success. He explains that speed and customer service rule every aspect of business, including the mortgage industry.

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Housing Wire

APRIL 15, 2025

“Many property owners assume that title insurance fully protects their title, but unfortunately, it may not always safeguard against post-closing fraud,” Jon Dovidio, chief strategy officer at EquityProtect, said in a statement. But these protections are limited by eligibility rules and property type, Dovidio added.

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Housing Wire

APRIL 2, 2025

Growing dissatisfaction among real estate agents , concerns over declining commissions , and shifting views on the National Association of Realtors (NAR) are among findings in Redfin’s 2025 Industry Survey. Thats why as the industry changes, our core mission stays the same.” Reports of discrimination increased in 2024.

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Housing Wire

JANUARY 3, 2025

Reverse mortgage professionals made more inroads into the forward mortgage industry in 2024. Continuing this momentum into 2025 is a priority for many in the reverse mortgage space, according to conversations with leaders at various industry lenders. One key is to bolster connections between a companys forward and reverse divisions.

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Housing Wire

SEPTEMBER 18, 2024

If the past few years have taught us anything, even the veterans must find ways to adapt, and anything can happen in our industry. Earlier this year, I found myself scrolling through social media, and every post seemed to be loan officers living the high life, with what seemed like endless closings, all while hosting event after event.

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Housing Wire

OCTOBER 2, 2024

Department of Housing and Urban Development (HUD), addressed industry attendees at the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego last week. By 2022, the numbers were close to 85,000 to 87,000 sessions, but recent challenges have affected those numbers.

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Housing Wire

DECEMBER 19, 2024

The housing industry is getting an early Christmas gift. million sales in 2025, a number that is close to the current rate of 4.15 The National Association of Realtors (NAR) reported that existing-home sales in November rose to a seasonally adjusted annual rate of 4.15 million, a 4.8% increase over the revised October number and a 6.1%

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Housing Wire

JANUARY 24, 2025

There were a total of 298 consumer complaints submitted to the Consumer Financial Protection Bureau (CFPB) in 2024 that were related to the reverse mortgage industry, according to a database maintained by the bureau. And about 10% of the total share of complaints were related to issues with loan closings.

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Housing Wire

JANUARY 6, 2025

She will work closely with Wright to engage with brokerage leaders and better understand their needs, concerns and perspectives on the future of the real estate industry. I am honored to work alongside Nykia and the leadership team at NAR during such an important time for our industry, Chris said in a statement.

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Housing Wire

NOVEMBER 4, 2024

As a real estate reporter, it was not lost on me that the formal start of my house hunt would coincide almost perfectly with the real estate industry working through the nationwide implementation of the business practice changes outlined in the National Association of Realtors ‘ (NAR) commission lawsuit settlement agreement.

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Housing Wire

SEPTEMBER 25, 2024

However, the industry is approaching this cycle with caution. loanDepot’s focus is on the sales side, attracting experienced loan officers (LOs) and people who want to join the industry via its accelerated career in effective sales (ACES) program. The number of loans closed per production employee rose to 2.2 in Q2 2023.

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Industrial Mortgages Loan Officer Loans 459

Housing Wire

MARCH 31, 2025

Rocket Companies industry-shaking plan to acquire Mr. Cooper in a $9.4 The deal, which is expected to close in the fourth quarter of 2025, integrates the largest servicer in the country into Rockets flywheel. We think that this is the ideal state of where the industry should be going, and we hope that this inspires others.

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Housing Wire

SEPTEMBER 20, 2024

Kevin Wilzbach : Without question, the growth in the use of AI and particularly GenAI has been transformational for the banking industry. Kevin Wilzbach: While the industry awaits relief in the form of interest rate reductions, there’s no quick fix to the associated high costs of housing in the near term.

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Lending Industrial Mortgages Technology 459

Housing Wire

FEBRUARY 10, 2025

These younger servicemen and women often face difficulties navigating the homebuying process, particularly around paying closing costs. As mortgage industry leaders, we must all do our part to make the process as clear and straightforward as possible.

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Housing Wire

OCTOBER 28, 2024

I wish there were more voices closely scrutinizing whether this settlement provides the value it claims to aggrieved class members and whether the attorneys have provided a third of a billion dollars in value to the class,” she wrote. Monestier claims she filed an objection this long because she believes no one else will. Following the Aug.

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Housing Wire

SEPTEMBER 3, 2024

and an equity research analyst — joins hosts James Dwiggins and Keith Robinson to chat about last month’s major changes for the real estate industry. Following that point, Dwiggins brings up potential agent attrition in the industry. The trio discuss the major companies that are thriving in the post-Aug.

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Housing Wire

OCTOBER 15, 2024

The effective date for the new rule is April 11, 2025, giving the mortgage and real estate industries roughly six months to become compliant. 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.

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Housing Wire

OCTOBER 16, 2024

Prospective borrowers are required to attend a HECM counseling session with a HUD-certified counselor prior to closing their reverse mortgage. By serving on this committee on behalf of the reverse mortgage industry, I feel that I will be able to bring forward what issues our seniors face daily.”

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