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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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Reverse mortgage software pioneer Jerry Wagner has died

Housing Wire

In 1992, Wagner began taking a closer look at reverse mortgages by providing due diligence for a national bank, where he gained extensive experience in reverse mortgage calculations, provisions, and litigation. Throughout the 1990s, Ibis developed several reverse mortgage software applications, including for use by counselors.

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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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Financial services firm Consolidated Analytics acquires Real Info

Housing Wire

The Santa Ana, California-based financial services company provides solutions including due diligence services, property valuations, mortgage fulfillment and consulting and advisory services.

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

Housing Wire

Non-QM vigilance Pamela Hamrick, president of Incenter Diligence Solutions , which provides due-diligence reviews and document management services for the mortgage industry, said that prefunding reviews are also gaining more traction in the nonqualified mortgage ( non-QM ) space. “And

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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.