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. The risks within seasoned loans often remain unknown until due diligence is performed, making this process critical for making informed investment decisions.

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Due diligence Mortgages Lending Loans 408

Housing Wire

NOVEMBER 30, 2021

Record-setting mortgage originations coupled with a resurgent private-label securitization market have created an expanding demand for loan underwriters at a time when they are in scarce supply. . A recent report from the Federal Reserve Bank of New York illustrates the explosion of mortgage originations during the past year.

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Due diligence Mortgages Loans Residential 434

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: What sets Trelix apart from other mortgage fulfillment services?

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Due diligence Mortgages Title search Loans 435

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

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. The post Mortgage Tech Demo Day: ICE Mortgage Technology appeared first on HousingWire. Get More Info.

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Technology Due diligence Mortgages Investor 402

Housing Wire

MAY 15, 2024

New York Community Bancorp , the parent of Flagstar Bank , said it’s still committed to the home loan business despite selling approximately $5 billion in warehouse mortgages to JPMorgan Chase Bank to improve its capital and liquidity position. market share, according to Inside Mortgage Finance (IMF) estimates. billion; 5.7%).

Loans 467

Loans Mortgages Due diligence Banks 467

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. Jacob is not alone in seeing the potential upside for crypto-mortgages and AI-enabled traditional loans.

Mortgages 476

Mortgages Due diligence Equity Loans 476

Housing Wire

AUGUST 19, 2020

Taken from the August issue of HousingWire Magazine, LauraMac is looking to increase the technology available to mortgage loans after the closing table. 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.

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Due diligence Technology Loans Mortgages 459

Housing Wire

JULY 11, 2024

Rocktop — a software-as-a-service (SaaS) company that works to improve yields for institutional investors , asset managers and other participants in the fixed-income and mortgage markets — has now placed more than $60 billion in unpaid principal balance (UPB) on its data management platform. billion in UPB.

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Due diligence Mortgages Investor Technology 435

Housing Wire

SEPTEMBER 21, 2020

After hiring 120 underwriters in the past 90 days, Evolve Mortgage Services announced on Monday the company plans to fill another 100 permanent underwriter positions for agency and non-QM loans by the end of the year. However, the company said that positions are permanent past the current mortgage cycle.

Mortgages 448

Mortgages Due diligence Industrial Development 448

Housing Wire

APRIL 18, 2024

The loan repurchase trend that began to sting many mortgage originators in 2022 appears to finally be winding down, according to a recent report by Sterling Point Advisors and Augment Analytics. A&D Mortgage is one example of an originator that is committed to prefunding quality control reviews.

Loans 448

Loans Due diligence Investor Technology 448

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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Due diligence Loans Investor Mortgages 418

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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Lending Mortgages Due diligence Debt-to-income ratio 476

Housing Wire

MAY 20, 2022

The residential mortgage origination process is very complex and origination and underwriting mistakes can be very costly, so lenders need to make sure they’re mitigating every possible risk related to the borrower and property. That’s why due diligence is a critical element of every mortgage transaction.

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Due diligence Loans Residential Technology 417

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. After accepting Sprout’s written offer, the parties started the due diligence process. Presented by: Polly.

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Due diligence Mortgages Principal Lending 397

Housing Wire

SEPTEMBER 25, 2024

A judge in Arizona granted Mat Grella, the former president of NEXA Mortgage , a motion to dismiss a lawsuit filed by the company. Apart from that, is it truly Mr. Kortas’s view that due diligence on a $25 million real estate transaction would not have involved someone asking about Nexa’s basic authority to make such a transaction?”

Mortgages 435

Mortgages Due diligence Brokerage Loan Officer 435

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

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. The post Mortgage Tech Demo Day: Altisource appeared first on HousingWire.

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Due diligence Title search Mortgages Title 349

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. After accepting Sprout’s written offer, the parties started the due diligence process. Presented by: Polly.

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Due diligence Mortgages Principal Lending 370

Housing Wire

OCTOBER 19, 2021

The historic mortgage boom spurred by the pandemic hasn’t just been a blessing for lenders – the slew of mortgage loan-trading platforms have also reaped the rewards of historic origination volume. Roughly 60% of mortgages are packaged and sold to investors, while the remaining is held in clients’ portfolios.

Loans 390

Loans Due diligence Mortgages Investor 390

Housing Wire

MAY 16, 2023

Wells Fargo -backed mortgage fintech Maxwell has struck a deal to acquire mortgage solutions provider LenderSelect Mortgage Group from Blue Ridge Bank. ” Richmond, Virginia-based LenderSelect Mortgage Group, which provides mortgage loan solutions to lenders, closed its sale to Blue Ridge Bankshares Inc.

Mortgages 417

Mortgages Due diligence Banks Technology 417

Housing Wire

DECEMBER 12, 2022

The special purpose acquisition company announced Friday that it signed a non-binding letter of intent with the privately held $3-5 billion asset holding company with nationwide residential mortgage lending and servicing operations. “We United Wholesale Mortgage went public in January 2021 after merging with Gores Holdings IV.

Banks 434

Banks Mortgages Due diligence Technology 434

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.” The price of their franchise is going to be worth more,” Hanson said.

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Industrial Mortgages Due diligence Technology 413

Housing Wire

MAY 29, 2024

Multichannel lender New American Funding (NAF) is going big on reverse mortgages. As already evidenced by its ambitious new marketing campaign, “ Old Wives ,” the company is also aiming to streamline its existing presence in the reverse mortgage market. We do our due diligence when we’re talking with them.

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Loan Officer Mortgages Due diligence Loans 445

Housing Wire

NOVEMBER 30, 2020

The Mortgage Collaborative, an independent cooperative network in the mortgage industry, today announced the launch of TMC Emerging Technology Fund LP, a venture capital program funded by a self-selected segment of TMC members to capture opportunities driven by the rapid pace of technological change in the mortgage sector.

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Technology Mortgages Due diligence Commercial 370

Housing Wire

FEBRUARY 19, 2025

Secure a mortgage pre-approval As a rule of thumb, its best to have your clients obtain a mortgage pre-approval prior to setting up any searches and conducting property tours. 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 228

Housing Wire

AUGUST 25, 2021

Prior to the Great Recession, private label securitizations (PLS) constituted a majority of all residential mortgage-backed securities (RMBS) issued. Since 2018, MISMO has been developing a modern, standardized data set to facilitate the electronic exchange of information to the credit rating agencies that analyze risks in mortgage assets.

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Due diligence Marketing Finance Investor 418

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

JANUARY 6, 2023

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

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Due diligence Loans Industrial Investor 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. Congress passed the SAFE Act, requiring mortgage loan originators to be registered and licensed. The final rule is effective on Sept. In 2008, the U.S.

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Due diligence Banks Mortgages Lending 474

Housing Wire

DECEMBER 9, 2021

Investment bank Goldman Sachs , through its affiliate Goldman Sachs Mortgage Co., Goldman Sachs’ string of residential mortgage-backed securities (RMBS) offerings this year were dominated by a dozen prime jumbo-loan deals backed by loan pools valued at $7.7 billion, an analysis of bond-rating reports shows.

Loans 435

Loans Due diligence Residential Mortgages 435

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. The panel noted the findings of the latest Fannie Mae mortgage lender sentiment survey.

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Due diligence Lending Technology Mortgages 486

Housing Wire

APRIL 30, 2021

The same can be said about the mortgage industry as an ecosystem, and its technology as the coral reef. If mortgage professionals use different systems and software that don’t work well together, how can the mortgage ecosystem survive? Right now, the mortgage ecosystem is fractured. Fractured mortgage ecosystem.

Mortgages 321

Mortgages Due diligence Technology Loans 321

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

Due diligence 418

Due diligence Marketing Loans Mortgages 418

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. In our due diligence, we spoke with various folks currently in the space and those who recently retired from it.

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Due diligence Mortgages Industrial Property Management 448

Housing Wire

SEPTEMBER 14, 2021

Nationwide Title Clearing , one of the country’s largest mortgage document prep companies , is to be acquired by settlement services firm Covius Holdings. The company s old off its mortgage fulfillment and secondary marketing division , known as LenderLive , to Computershare Loan Services.

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Title Due diligence Closing Loans 370

Housing Wire

NOVEMBER 16, 2022

By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Who wants to be in the mortgage business? Brian Hale, CEO of mortgage advisory partners.

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Banks Mortgages Loan Officer Due diligence 435