Housing Wire

NOVEMBER 29, 2021

One group of industry players — loan underwriters — are the chief cause of the logjam. The same was the case with industry groups and regulators like the Mortgage Bankers Association , the National Association of Mortgage Underwriters and the U.S. About a half-dozen RMBS issuers also were contacted for this story, including J.P.

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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. The rest of this content is for HW+ members. Join today with an HW+ Membership ! Already a member?

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Due diligence Technology Loans Mortgages 459

Housing Wire

SEPTEMBER 11, 2024

As the mortgage industry continues to evolve at breakneck speed, risk management has never been a more critical lynchpin in the lending ecosystem. This experience, coupled with their use of proprietary and industry-leading technology solutions, has allowed MCRS to effectively serve a wide range of clients.

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Housing Wire

OCTOBER 7, 2024

Photo courtesy of Willie & Kim Photography) Mortgage industry leaders expect more mergers and acquisitions (M&A) in 2025, fueled by declining interest rates and renewed market confidence after two years of what they describe as “modest activity.” It’s much more common than the number of deals you see,” he added.

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Housing Wire

APRIL 16, 2021

As the refinance wave gives way to a purchase market, consolidation is already upon us – even in the title industry. When it comes to a new acquisition in the title industry (and pretty much any other industry), it’s often the bringing together of two different businesses smoothly that makes or breaks the transaction.

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Housing Wire

APRIL 18, 2024

ACES Quality Management , a fintech that provides quality-control software for the financial services industry, issued a Mortgage QC Industry Trends report with data through Q3 2023. That’s a much better outcome and solution for the industry.” The problem obviously is bad loans that lead to repurchase and indemnification.”

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Housing Wire

OCTOBER 23, 2023

Over the course of our 40+ years at RealTrends Consulting we’ve brokered and/or advised on over 900 transactions in the residential real estate industry. From a data lens, transactions can be broken out into three different stages: Valuation , Due Diligence , and Contract.

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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

NOVEMBER 30, 2021

The causes of the underwriter shortage are varied, but it is most pronounced in the private-label market, industry insiders contend. One major dynamic at play is that the same pool of underwriters is in demand for both loan originations, and, on the backend of the process, for doing due-diligence for private-label loan-pool securitizations.

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Housing Wire

JULY 27, 2021

Michael Franco: The last two years in the mortgage industry have certainly been unique. Origination volume doubled expectations and wide gain-on-sale margins brought on by record low mortgage rates forced the industry to increase their capacity to meet surging loan demand.

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Housing Wire

JANUARY 6, 2023

The mortgage servicing industry landscape is shifting. For over a decade, the industry has experienced growth from two primary sources. 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.

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Housing Wire

DECEMBER 2, 2021

The mortgage industry is contending with a loan-underwriter shortage that has acted like a governor on an engine — slowing the pace of a fast-growing private-label securitization market. Executives with TPR firms and the bond-rating agencies that make use of their due-diligence reviews agree the problem is a big challenge.

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Due diligence Mortgages Technology Loans 397

Housing Wire

JULY 10, 2024

Despite having a 100-plus-year history, the title industry is now embracing some of the newest technologies on the market, including artificial intelligence. Qualia surveyed 378 title and escrow professionals about their thoughts on AI usage and application in the title insurance industry. An overwhelming 88.3%

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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

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

AUGUST 25, 2021

Industry professionals rightly recognized that the lack of a standard had created a void in the secondary securitization market and turned to MISMO to develop a business solution. Industry professionals will soon be able to access and use the MISMO Rating Agency Reporting Standardization package.

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Housing Wire

FEBRUARY 5, 2021

Altisource® is a leading and trusted provider of innovative solutions for servicers, originators and investors in the real estate and mortgage industries. Economical due diligence solutions for HELOC lenders, servicers and investors. #3. Product Fast Facts. #1. One integrated service and report. #2.

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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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Housing Wire

AUGUST 28, 2024

“The launch of val-ID is a testament to our dedication to enhancing security and streamlining operations in the title insurance industry. Westcor said this comprehensive approach “helps agents enhance their due diligence processes, mitigate risks, prevent fraud, and improve overall transaction integrity.”

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Housing Wire

MARCH 23, 2021

Wherever there is commerce, there will be fraud, and the mortgage industry is no exception. The full extent of fraud in the mortgage industry may be impossible to fully quantify, but the 2020 True Cost of Fraud study by LexisNexis Risk Solutions estimated that the cost of fraud has risen 7.3% across U.S.

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Housing Wire

SEPTEMBER 13, 2023

The mortgage servicing rights (MSR) market has been very active this year, with robust deal flow that is on par with last year’s record $1 trillion in trading volume and with generally good pricing for MSR packages, industry experts agree. We’re seeing good multiples [a measure of pricing on MSR pools], like 5.5

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Due diligence Marketing Loans Mortgages 418

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. The final rule is effective on Sept. Registration will begin as early as Oct.

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Housing Wire

SEPTEMBER 21, 2020

. “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.” in both its frontline underwriting and due diligence/QC underwriting departments.

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Housing Wire

JUNE 25, 2024

We strongly believe that this is the right time to sell the MLS, as the industry continues to advocate decoupling from the real estate Associations that have long owned the MLS.

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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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Housing Wire

MAY 15, 2024

The transaction is subject to due diligence, negotiation of definitive terms and other closing conditions. But they are not immune to systemic industry shocks, including last year’s bank crisis. On Tuesday, NYCB said it entered into a commitment letter with JPMorgan.

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Loans Mortgages Due diligence Banks 468

Housing Wire

APRIL 26, 2022

You’re probably one of the first person in the industry that I’m talking to about it,” he added. When we’re talking about the crypto stuff, we don’t need [warehouse lenders] because warehouse lines are really a creation of the industry to solve a problem, which is that funders can’t fund fast enough.

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Mortgages Due diligence Equity Loans 476

Housing Wire

FEBRUARY 23, 2024

However, recent data breaches involving major players like loanDepot , First American Financial , and others have shed light on the vulnerability of sensitive information within the industry. Many personal dreams and aspirations take shape in our industry, so safeguarding information is essential.

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Housing Wire

JUNE 21, 2022

As someone who spent a career in the title insurance industry – both as a builder of a title business and leader of the industry’s trade group, — I am proud of the role we play in helping to protect what most Americans consider the biggest purchase of their lives. Real estate is a $3 trillion industry in the United States.

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Title Title search Land Due diligence 518

Housing Wire

MARCH 22, 2024

Property preservation company MCS is entering the reverse mortgage space after its acquisition of Five Brothers Asset Management Solutions , a deal which brings MCS into the reverse mortgage industry for the first time. Chris Clow/RMD: How much did Five Brothers’ position in the reverse mortgage industry play into the decision to acquire it?

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Due diligence Mortgages Industrial Property Management 448

Housing Wire

JUNE 15, 2023

Donatacci has extensive experience in servicing transactions and subservicing, due diligence, and M&A. Prior to joining Cenlar, Donatacci held executive positions at various organizations in the mortgage industry. Donatacci’s former roles include executive vice president of business development at The Money Source Inc.

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Investor Due diligence Loans Banks 369

Housing Wire

MARCH 15, 2024

Office buildings, retail spaces, industrial complexes and other CRE properties generally command higher price tags and offer greater revenue-generating potential compared to residential properties. The title business is not truly or widely understood outside of the title industry – even among other real estate-related market segments.

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Housing Wire

JUNE 10, 2024

Huff has spent 20 years in the real estate industry, including 11 years with Wedgewood , a former parent company of CIVIC Financial Services. Huff has also worked in the whole loan investment sector on pricing, due diligence, portfolio surveillance and loss mitigation.

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Lending Due diligence Finance Loans 345

Housing Wire

OCTOBER 16, 2023

Generative artificial intelligence (AI) has tremendous potential to cut costs and improve customer experience, but regulation has not caught up to develop a governance program, industry pros said of AI’s implementation in mortgage lending.

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Housing Wire

MARCH 27, 2024

Single-family rental (SFR) investors also rely on AVMs to assess asset portfolios, guide leasing and sale decisions, and ensure thorough due diligence. “We Cherre customers will now have the advantage of utilizing ClearAVM’s nationwide coverage to pinpoint investment opportunities that align with their investment criteria.

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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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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.

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