Housing Wire

JUNE 20, 2024

Mortgage Connect, a nationwide services provider for lenders, institutional investors and servicers , acquired Adfitech two years ago to expand its efforts in third-party due diligence and quality control (QC). We are excited to show the industry what this next chapter holds for the industry’s most trusted due diligence provider.”

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Due diligence Mortgages Pre-approval Lending 448

Housing Wire

NOVEMBER 29, 2021

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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Due diligence Loan Officer Loans Mortgages 488

Housing Wire

APRIL 1, 2025

We have completed a thorough due diligence process and look forward to welcoming HomeStreets clients and employees to our company. This transaction is strategically and financially compelling for shareholders of both Mechanics Bank and HomeStreet, said C.J. Johnson, CEO and president of Mechanics Bank.

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Banks Due diligence Pre-approval Equity 383

Housing Wire

FEBRUARY 19, 2025

Offers: Outline how making a competitive offer will work, including how price, contingencies, due diligence funds, and earnest money will impact how the seller views an offer. Do your due diligence: Protect client interests The due diligence period is the time when the buyer conducts inspections to verify the condition of the property.

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Closing Earnest money deposit Due diligence Pre-approval 346

Housing Wire

AUGUST 19, 2020

Launched just this year, LauraMac provides a suite of configurable products to enable collaboration that will transform the way due diligence is performed in the mortgage industry. Taken from the August issue of HousingWire Magazine, LauraMac is looking to increase the technology available to mortgage loans after the closing table.

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Due diligence Technology Loans Mortgages 459

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

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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Due diligence Loans Residential Technology 418

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 420

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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Due diligence Brokerage Staging Agents 447

Housing Wire

APRIL 18, 2024

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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Loans Due diligence Investor Technology 448

Housing Wire

JANUARY 23, 2024

The Santa Ana, California-based financial services company provides solutions including due diligence services, property valuations, mortgage fulfillment and consulting and advisory services. Terms of the deal were not disclosed.

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Due diligence Residential Real-estate owned Lending 468

Housing Wire

NOVEMBER 30, 2021

We’ve grown in excess of 100 employees already in two-and-a-half quarters, that’s underwriters,” said John Levonick, CEO of Charlotte-based Canopy , a third-party due-diligence (TPR) firm that started doing business in the second quarter of 2021. And there’s just no way for due-diligence to really compete with that.”.

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Due diligence Mortgages Loans Residential 435

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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Due diligence Mortgages Title search Loans 435

Housing Wire

APRIL 22, 2021

“Plus, we’re a due diligence state, so right now if you don’t go way over listing price and offer a substantial due diligence price, there’s no point in even submitting an offer.” ” The current average due diligence is around 3.1% “But this is a great place to live.

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Due diligence Renovation Lending Land 459

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

MAY 17, 2023

Incenter Diligence Solutions , a provider of due diligence and document management services for the mortgage industry, announced on Wednesday that it has expanded offerings for the mortgage servicing rights (MSR) trading market. The firm also offers individualized reporting and document delivery services.

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Due diligence Loans Mortgages Technology 370

Housing Wire

MAY 7, 2021

New partners and enhancements launched regularly including ability to respond to conditions from Encompass, access to warehouse lending, due diligence, QC and Bid Tape services. Streamlined process shown to improve loan quality, shipping efficiencies and speed to purchase resulting in $49 savings per loan. #3. Get More Info.

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Technology Due diligence Mortgages Investor 410

Housing Wire

JULY 11, 2024

The firms say this is especially useful in the “current volatile market “ as it shortens the timeline for trades, streamlines the due-diligence process and offers “instantaneous settlement.“ Investors gain added insights into the performance of their portfolios at a lower cost.

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Due diligence Mortgages Investor Technology 435

Housing Wire

AUGUST 25, 2021

MISMO’s new standard will improve the quality and consistency of the data sent to the rating agencies, which will in turn lead to faster, more efficient, and more accurate due diligence for private label RMBS. Will MISMO’s Private Label RMBS standard fully revitalize the PLS market?

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Housing Wire

AUGUST 28, 2024

Westcor said this comprehensive approach “helps agents enhance their due diligence processes, mitigate risks, prevent fraud, and improve overall transaction integrity.” The platform also helps title firms comply with local, state and federal regulations surrounding identity verification.

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Title Due diligence Agents Land 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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Title Lending Due diligence Title search 349

Housing Wire

SEPTEMBER 14, 2021

. “Our robust solutions span origination, servicing and capital markets segments, offering loss mitigation and loan modification services, document and critical borrower communications, title and settlement services, auction and REO asset disposition, verifications and due diligence.

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Title Due diligence Closing Loans 370

Housing Wire

FEBRUARY 9, 2023

The company’s cloud-based Loan Review platform, a transaction management system, is mainly used by third-party due diligence firms to review and quality control (QC) loans. In 2022, LauraMac was used to perform diligence for more than 35,000 loans with more than 1000 users.

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Due diligence Technology Loans Mortgages 360

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

SEPTEMBER 13, 2023

Piercy said savvy MSR buyers have instituted “counterparty diligence forever,” adding that regardless of the repurchase environment, that counterparty review [due diligence] “is critical.” If there is a risk, then they will expand that due diligence to see what else is there, and that’s how buyers protect themselves.

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Due diligence Marketing Loans Mortgages 418

Housing Wire

FEBRUARY 5, 2021

Economical due diligence solutions for HELOC lenders, servicers and investors. #3. They offer HomeVal, a Premium Title and Springhouse® Valuations’ Hybrid solution, providing a full suite of customizable, low cost products delivering precise title search, property photos and valuation data with greater speed and ease. Get More Info.

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Due diligence Title search Mortgages Title 363

Housing Wire

APRIL 26, 2022

LauraMac is a software as a service, or SaaS, firm that provides due-diligence automation tools for the secondary market. Its technology is used by third-party due diligence firms that assess mortgage pools in securitization transactions in the private label market. .

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Mortgages Due diligence Equity Loans 476

Housing Wire

JULY 10, 2024

Despite optimism, respondents noted that “due diligence is required to ensure AI tools meet the security, data privacy, and ethical standards necessary for the highly-sensitive transactions title & escrow professionals handle every day.” There are so many repetitive steps in our processes that can be automated.”

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Title Due diligence Technology Industrial 447

Housing Wire

OCTOBER 10, 2023

She continued: “We did our due diligence and reviewed other brokerages. “We’ve wanted to bring our company to the next level for a while now, and by joining Compass, we know we can do that through increasing brand awareness and our average sales price,” Pimentel said in a statement.

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Due diligence Brokerage Branding Agents 435

Housing Wire

DECEMBER 9, 2021

Michael Franco, CEO of SitusAMC , which provides due-diligence services to RMBS issuers, said market dynamics have played a major role in the dominance of jumbo-loan securitizations in the private-label market this year. Goldman Sachs did not reply to a request for comment.

Loans 435

Loans Due diligence Residential Mortgages 435

Housing Wire

MAY 15, 2024

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

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Loans Mortgages Due diligence Banks 468

Housing Wire

MARCH 15, 2024

CRE assets are subject to a myriad of regulatory requirements, zoning laws, and environmental considerations that don’t apply to home sales, requiring thorough due diligence and compliance measures. The key to it all is, for CRE partners, to do the deep due diligence required for selecting such an important partner.

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Commercial Brokerage Due diligence Title 448

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

SEPTEMBER 21, 2020

in both its frontline underwriting and due diligence/QC underwriting departments. . “While we’re looking for the best underwriting talent in the industry, we are committed to maintaining an environment where they are happy, stress-free and enjoy job security throughout their careers.”

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Mortgages Due diligence Industrial Development 448

Housing Wire

JUNE 3, 2024

State regulators, investors, creditors, business partners, and the public in general conducting due diligence or research are expected to use the information available. According to the CFPB, these orders are usually publicly available but are not comprehensively tracked by interested parties. The final rule is effective on Sept.

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Due diligence Banks Mortgages Lending 478

Housing Wire

SEPTEMBER 19, 2023

There are many professional companies who expertly establish broker valuations and perform due diligence, they may not know to investigate the less apparent sources of company-generated revenue they may present as regular transactions. They know which business lines may be retained and which are likely to go.

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Due diligence Brokerage Branding Agents 435