Housing Wire

MARCH 22, 2021

Interestingly, Redfin data showed waiving the inspection contingency and conducting a pre-inspection – meaning the buyer conducted an inspection before making an offer – had no significant impact on whether a prospective buyer wins a bidding war. That’s likely because those strategies are so common in a competitive market.

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Inspection contingency Inspection Sales Mortgages 545

Housing Wire

MARCH 11, 2021

According to the FHFA, the extended flexibilities include: Alternative appraisals on purchase and rate term refinance loans; Alternative methods for documenting income and verifying employment before loan closing; and Expanding the use of power of attorney to assist with loan closings. As of March 11, the CDC reported close to 95.7

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Lending Inspection Loans Finance 501

Housing Wire

OCTOBER 22, 2024

The temporary waiver, issued on Monday, applies to FHA-insured limited 203(k) mortgages closed on or before Aug. Another policy applying to PDMDAs typically requires “damage inspection reports“ for properties in these areas. This waiver applies only to the 14-day requirement to conduct the damage inspection report.

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Inspection Loans Finance Mortgages 468

Housing Wire

JUNE 10, 2024

In 2023, Yu closed 29 sides, representing $63 million in sales volume. My skills as a tough negotiator, my financial knowledge, and my thorough diligence with inspections, paperwork and closings are essential when it comes to helping clients buy and sell their homes. ”I That was good for the No. That was good for the No.

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Agents Inspection Branding Investor 448

Housing Wire

MAY 20, 2024

In total, Milliman found that 30% of all title losses and claims expenses came from title problems that could not be uncovered by a public records search, which includes things like fraud, forgery and escrow/closing procedures.

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Title Land Inspection Closing 497

Housing Wire

JANUARY 14, 2021

Alternative appraisals on purchase and rate term refinance loans; Alternative methods for documenting income and verifying employment before loan closing; and Expanding the use of power of attorney to assist with loan closings.

Lending 540

Lending Loans Inspection Finance 540

Housing Wire

DECEMBER 1, 2021

eMerge, a company that offers alternative valuation solutions, including broker price opinions (BPOs), will allow Accurate Group to increase its broker network and leverage property inspection technology, the company said. Also, its total value of transactions closed and recorded since 2010 is over $436 billion.

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Title Technology Inspection Closing 435

Housing Wire

FEBRUARY 21, 2024

Curbio , a provider of pre-sale home improvement services that requires payment at closing, will provide its “Build Your Own Estimate” mobile app to NAR members, which offers free repair estimates for home inspections upon the upload of a PDF document. Founded in 2017, Curbio is based in Potomac, Md.

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Inspection Investor Closing Agents 435

Housing Wire

JUNE 10, 2021

A concession is when the seller agrees to pay part of a buyer’s closing costs. A seller concession could include putting money towards the inspection costs, appraisal fees, taxes or another expense. Sellers also have to pay closing costs. This is usually done in an effort to convince the buyer to take the deal. Bottom Line.

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Housing Wire

MARCH 18, 2024

Regulators are paying close attention to valuations for many valid reasons. Valuation Selector helps lenders and investors identify the most suitable valuation method (AVM, AVM with inspection, desktop exterior, desktop interior or full appraisal) for a property, depending on its complexity.

Technology 448

Technology Inspection Investor Mortgages 448

Housing Wire

JANUARY 12, 2023

Are you closing as quickly as you’d like? The title and settlement processes should never hold you back from meeting your home equity application-to-close goals. Their title and closing products should help you simplify your processes and reduce your application-to-close time frames. A steadfast commitment to security.

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Equity Title Technology Inspection 418

Housing Wire

MAY 20, 2024

These include refreshed guidance on applications and disclosures, HECM eligibility, property acceptability and underwriting, closing requirements, and program details for HECM for Purchase (H4P) and reverse mortgage applicability to condominiums.

Mortgages 459

Mortgages Inspection Residential Equity 459

Housing Wire

DECEMBER 20, 2021

The Doma Intelligence platform works by automating many of the rote tasks of the closing process including retrieving and analyzing documents that need to be searched. Doma Intelligence is used by Chase , Wells Fargo , Homepoint and PennyMac to automate portions of their closings.

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Title Closing Inspection Residential 418

Housing Wire

NOVEMBER 4, 2024

Angela is the 11th-ranked agent in the state by sales volume, closing 38 sides and $29.82 In writing both offers, Angela and I made sure to fully disclose how I was expecting her to get paid , as well as all of my requests, including a home inspection contingency clause. million in volume in 2023, according to RealTrends Verified data.

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Purchase and sale agreement Inspection contingency Inspection Title 435

Housing Wire

AUGUST 5, 2022

Tasks like scheduling, property inspection and driving comps adds a great deal of time to the process. First, we need to ensure that property inspections are completed quickly and thoroughly and that the data is presented to the appraiser in an efficient manner. HW: How can appraisal modernization enhance the valuation process?

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Inspection Lending Industrial Technology 435

Housing Wire

JUNE 30, 2021

ServiceLink, which is backed by Fidelity National Financial, meets the unique needs of wholesale lenders by providing title insurance, appraisals, flood certificates and closing services. Our EXOS Title technology offers accelerated title decisioning and a definitive clear-to-close timeline in seconds.

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Closing Title Lending Inspection 204

Housing Wire

NOVEMBER 27, 2023

Veev , a promising modular homebuilding company that’s raised $600 million, could close after a plan for a capital raise failed, according to reporting out of Israel. Veev’s business model is innovative: it provides pre-inspected, fully cladded walls directly to homebuilders , ready for installation.

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Bankruptcy Inspection Investor Staging 482

Housing Wire

SEPTEMBER 24, 2024

My attention to detail with inspections, paperwork and closings are essential when it comes to helping clients buy and sell their homes,” Hu said in a statement. “I . “As a Bay Area resident for the past ten years and with a background in property management, I understand the neighborhood and property values of the area.

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Agents Property Management Inspection Branding 434

Housing Wire

SEPTEMBER 19, 2023

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? The appraiser inspects the property An appraiser visits the property and conducts a visual inspection of the home’s condition. You’ve found a house for your buyer or a buyer for the home you’re selling.

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Agents Inspection Sales Commercial 476

Housing Wire

SEPTEMBER 9, 2024

Like with the amount of earnest money deposit or including an inspection contingency, the amount the buyer is asking the seller to pay her agent is a term that impacts the strength of the offer,” Redfin chief economist Daryl Fairweather said in a statement.

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Earnest money deposit Inspection contingency Agents Marketing 482

RIS Media

JUNE 27, 2024

A thorough home inspection can ensure a smooth transaction. Knowing what inspectors look for helps you address issues beforehand.

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Inspection Sales Closing Industrial 137

Housing Wire

SEPTEMBER 9, 2021

The survey data supported the notion that today’s consumers are willing to take the reins and self-serve during certain aspects of the home-buying process, from application to close. For many homebuyers, their confidence diminishes the closer they get to the closing table. if the option was available to them.

Mortgages 448

Mortgages Technology Inspection Closing 448

Housing Wire

JULY 18, 2024

” Waltz aims to support international buyers with a “comprehensive” solution that covers the compliance, legal, banking and regulatory processes to close the purchase process within 30 days. Closing tasks such as appraisal , inspection, title insurance and homeowners insurance are done remotely.

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Finance Investor Banks Residential 448

Housing Wire

SEPTEMBER 19, 2024

“While well-priced homes will still attract a lot of buyers, sellers need to be prepared to negotiate not only on price, but also on concessions, including home inspection and appraisal contingencies, and closing cost assistance,” Bright MLS chief economist Lisa Sturtevant said in a statement.

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Sales Closing costs MLS Inspection 459

Housing Wire

AUGUST 21, 2024

Now, people make mistakes, sometimes things happen, but you are looking for them to be as close to flawless in their delivery and execution of what they do as possible. The owner of the company said to me, “Well, you know, Debbie, when it comes time to do the termite inspection, you get in the way. I do the inspection.

Inspection 448

Inspection Agents Industrial As-is 448

Housing Wire

MARCH 10, 2023

.” In a statement Friday, Accurate Group said it has completed more than three million property data inspections and hybrid appraisals through its ValueNet suite of products. Our appraisal, property inspection, title and closing technologies are designed to plug into any digital platform.”

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Title Inspection Lending Closing 397

Housing Wire

FEBRUARY 1, 2023

Starting February 1, UWM’s one-time close construction loans will be available on eligible 15- and 30-year fixed conventional loans and 7- and 10-year adjustable-rate mortgages (ARMs), the firm said Wednesday. This type of loan only has one set of closing costs to pay, reducing the borrower’s overall fees.

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Construction Loans Loan Officer New Construction 418

Housing Wire

DECEMBER 8, 2020

Residential real estate marketplace Sundae has announced it closed $36 million in Series B funding on Tuesday, led by QED Investors and with additional participation from Founders Fund , Susa Ventures , Navitas Capital , Prudence Holdings and General Global Capital. million in Series A funding this June. “Our

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Investor Closing costs Inspection Closing 397

Housing Wire

JUNE 24, 2021

If a homebuyer can’t close on their mortgage in time to buy the home they want, instead of losing out on the house, Accept.inc will buy the property with its own funds and reserve the home on their behalf. If the all-cash offer wins, the home is purchased from the seller and reserved until the loan is ready to close.

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Equity Proof of funds Pre-approval Investor 418

Housing Wire

DECEMBER 8, 2022

Another appraisal innovation is Freddie Mac’s ACE+ PDR product (automated collateral evaluation plus property data report) solution, which involves an inspection-based waiver and has been in effect since July. We are effectively increasing the supply of people who can go and facilitate inspections in the industry,” Zitin said.

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Technology Inspection Industrial Closing 418

Housing Wire

SEPTEMBER 24, 2024

“Today’s agreement brings the FTC’s three-year investigation to a close and puts this matter behind the Company, which will, as always, move forward with its continuous efforts to better serve its customers and enhance its practices.” Invitation Homes also promised a “quality assurance inspection” and “24/7 emergency maintenance.”

Inspection 476

Inspection Technology As-is Industrial 476

Housing Wire

AUGUST 31, 2023

Property data collection consists of a complete interior and exterior inspection of the subject property. Freddie Mac announced automated collateral evaluation (ACE) as a new solution and Fannie Mae followed not long after with the introduction of Property Inspection Waivers (later renamed Value Acceptance).

Loans 418

Loans Inspection Lending Technology 418

Housing Wire

JANUARY 15, 2021

Porch, led by CEO Matt Ehrlichman, acquired home insurance company Homeowners of America , mover marketing and data firm V12 , home inspection company Palm-Tech and roofing contractor software company iRoofing. Trading halted on Thursday and closed at a 5% gain to $15.93. Investors were evidently enthused by the acquisitions.

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Technology Inspection Investor Industrial 469

Housing Wire

JANUARY 4, 2023

This was going on pre-pandemic, but during the pandemic people were waiving their inspections, or were buying homes sight unseen. We’ve worked very closely with the FBI, and their Internet Crime Complaint Center , which is also known as IC3. First-time homebuyers are susceptible because this process is very complicated.

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Title Inspection Land Industrial 545

Housing Wire

OCTOBER 28, 2021

million in cash and $10 million of Porch’s common stock at closing, according to a press release. In 2021, Floify’s software, which streamlines the loan origination process by allowing document sharing, and communication between LOs and real estate agents, has helped over 77,000 mortgage applications close each month, according to Porch.

Mortgages 418

Mortgages Loan Officer Loans Investor 418

Housing Wire

MAY 24, 2022

A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers. However, they have several more pressing priorities when it comes to what they’re investing in.

Lending 501

Lending Loans Inspection Industrial 501

Housing Wire

OCTOBER 29, 2021

Today, borrowers expect to close fast. A small issue within the title process can have an impact on the length of the closing process, impacting mortgage lenders and borrowers. The tools enabling work-from-home and remote closings were not only readily available, but efficient and accessible.

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Title Title search Equity Inspection 302