housing wire

The Consumer Financial Protection Bureau (CFPB) is warning servicers that it is ramping up enforcement and will be specifically watching how servicers manage borrowers coming out of forbearance. In a Thursday compliance bulletin, the CFPB said it will monitor how

The average U.S. mortgage rate remained essentially unchanged last week, rising by just one basis point to 3.18%, according to Freddie Mac’s Primary Mortgage Market Survey. A broader recovery of the economy has almost returned rates back to market “normalcy”

The real estate settlement process can be negatively impacted by many factors. From lost documents to chasing down critical data, it’s important lenders remain organized so borrowers don’t have to endure long turnaround times and closing delays. Rigorous processes and

Lenders are currently dealing with incredibly high call volumes, which makes it difficult to ensure their clients are receiving the best customer service at the highest quality. Lenders need support during this hectic time to manage their portfolio and avoid

Qualia has created a flexible infrastructure for the real estate and mortgage industry. Real estate transactions require coordination between lenders, title insurers, home buyers, title & escrow companies – the list goes on. Dealing with dozens of siloed parties creates

The title process is complex, time-consuming and subject to errors and security concerns, which can potentially delay a borrower’s closing date. To streamline the process, lenders need a way to reduce friction in the loan origination cycle, while still providing

Today, title documents are sent between title vendors and lenders via email, third-party email and even fax machines. Once received, lenders employ teams to manually review these title documents and re-type details into their loan origination systems. These manual processes

Title and settlement can be particularly challenging in servicing. The difficulty lies in identifying, accurately assessing and proactively resolving title issues— especially when servicers are dealing with large volumes of assets. Boston National Title (BNT), founded in 2006, offers servicing solutions

Title reports can be confusing, which is why the process is prone to errors. One mistake can slow down the real estate transaction’s closing and frustrate lenders and borrowers. To keep that from happening, lenders need a way to reduce

Remote Online Notarization, better known as RON, became a national priority in 2020, something it’s been working toward for a handful of years now. But as COVID-19 forced a new, socially distant world, 50 states were forced to take a

In today’s low interest rate, high-volume market, lenders need a way to manage their mortgage volume while providing a consistent, high-quality customer experience. ServiceLink’s tech-enabled title solution, EXOS Title, combines cutting-edge technology and superior customer service with a nationwide footprint

Wells Fargo agreed to pay $95.7 million to more than 5,300 home mortgage consultants to resolve a pair of class-action legal claims that allege wage-and-hour violations in California, according to the settlement agreement in federal court. The deal will provide $62.8

After serving 13 years in the military, retired U.S. Marine Corps Staff Sergeant Clint Myatt was surprised to receive a new home just in time for the holidays.  The joy Myatt felt when he heard he was getting a house

Judd Hoffman has been hired as chief executive officer for Proper Title LLC, an Illinois-based title insurance agency that’s backed by top independent real estate brokerage @properties. And they’re in expansion mode. Hoffman was formerly “chief transformation officer” for States Title

Portland, Maine, has emerged as a popular destination for current homeowners and prospective buyers looking to move out of metro areas into more spacious secondary cities. A recent report from Redfin showed that 14.9% of movers leaving Boston, Mass. were

HomeServices of America Inc. reigned supreme as the largest residential brokerage in America by transaction sides last year, according to the latest annual RealTrends 500 ranking. But such activity didn’t result in more sales volume than its chief rivals, publicly

The median home sale price increased 16% year-over-year to $331,590 – an all-time high, per a report this week from Redfin. But that’s not stopping buyers from snatching up homes days after they’re listed. During a four-week period ending March

A 40-plus basis point rise in mortgage rates over the past month resulted in approximately 7 million high-quality refi candidates who are no longer able to lock “forever rates,” according to a recent report from Black Knight. On Feb.11, the

RE/MAX has been around for almost half a century, and the company with the red balloons spent their annual convention, held this week in Orlando and virtually, making the case for their continued relevancy. Nick Bailey, courtesy of RE/MAX. Nick

Rocket Companies chairman Dan Gilbert is making another massive investment in Detroit. The billionaire mortgage mogul’s family foundation and Rocket’s community fund on Thursday announced a combined $500 million philanthropic investment in Detroit neighborhoods over the next decade. The Gilbert

Private mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government sponsored entities. The private mortgage insurance industry also supported $600 billion in mortgage originations.

A fury of iBuyer expansion hit the industry this week, with Redfin and Opendoor announcing new locations and Offerpad announcing Thursday it will go public. RedfinNow, the iBuying platform of Redfin, has expanded into the Baltimore – Washington D.C. area.

Coldwell Banker Advantage Coldwell Banker Advantage is headquartered in Raleigh, NC with more than 20 offices servicing the state. Laurie Donofrio is the Chief Technology Office at Coldwell Banker Advantage, and will join us for a conversation about how her

National homebuilder Lennar Corp. plans to spin off all its non-core businesses to become a pure-play homebuilder and financial services company, the company announced on Wednesday. In an earnings call this week, Lennar executive chairman Stuart Miller said the move