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Michael Gersitz

Michael Gersitz

City of North Tonawanda Real Estate Agent

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housing wire

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What will mortgage regulation and enforcement look like in 2021?

As the election creeps ever closer, there are plenty of forecasts about how it could impact housing. HousingWire has reported on both the fate of the GSEs and the nation’s economic outlook as a red vs blue battle stirs in

Michael Gersitz October 12, 2020 External Articles Read more

Snapdocs raises $60 million to scale up its digital closing business

The COVID-19 pandemic helped accelerate the mortgage industry’s digital transformation by years, and proptech firms such as Snapdocs have capitalized on the opportunity. The company just raised $60 million in a Series C funding as the digital mortgage space bursts

Michael Gersitz October 12, 2020 External Articles Read more

Lingering challenges servicers are still facing as a result of COVID-19

Some sectors of the housing industry have begun adjusting to the new normal brought on by COVID-19; however, servicers continue to face a number of lingering challenges related to the CARES Act and increasing forbearance numbers. Under the CARES Act,

Michael Gersitz October 12, 2020 External Articles Read more

The forbearance crash bros spoke too soon

The health and economic crisis has made 2020 a horrific year for many Americans. Added to all that misery we had terrible fires in the West and hurricanes in the East.  From my perspective, that ball in Times Square can’t

Michael Gersitz October 12, 2020 External Articles Read more

Feeding the capital markets beast and figuring out pricing in a time of extraordinary uncertainty

Changes to capital markets have been fast and furious over the last year in housing. By some accounts, the growth timeline has been compressed five years. It makes for exciting – and uneasy – times for lenders, investors and policy makers, panelists

Michael Gersitz October 9, 2020 External Articles Read more

Experts share insights on business strategies during social upheaval

Alongside the discussions around how the pandemic is changing consumer behavior, how to solve the current inventory shortage and how the economic forecast for 2021 is shaping up, was a conversation much bigger than mortgage and these boom times. It

Michael Gersitz October 9, 2020 External Articles Read more

RedfinNow expands iBuying to Sacramento, California

Redfin’s iBuying service RedfinNow has expanded into another new market since it resumed after pausing because of COVID-19. As of Friday October 9th, Sacramento, California homeowners can sell their homes and get a cash offer via RedfinNow. “Despite the pandemic,

Michael Gersitz October 9, 2020 External Articles Read more

HousingStack Phase 5: Don’t underestimate the power of your real estate back-office systems

HousingStack is a real estate technology landscape that provides a dynamic visual that reflects the rapid changes in the sector. The HousingStack is exclusively for HW+ members. To join the HW+ community, go here. Perhaps the least sexy technology to talk about are the

Michael Gersitz October 9, 2020 External Articles Read more

For the first time since April, forbearances fall below 3 million

After a slight uptick the previous week, mortgages in active forbearance plummeted 18%, marking the first time since mid-April the total number of plans fell below 3 million, Black Knight said in a report on Friday. As of Oct. 6,

Michael Gersitz October 9, 2020 External Articles Read more

ATP scoring paves new path to financial inclusion

Excluding people from the economy is bad for the victims and bad for the rest of the economy too. Why do less business than you could? Why leave people out? The conventional credit scoring system has a serious problem with

Michael Gersitz October 9, 2020 External Articles Read more

Home prices rose by record numbers last week

Home sales are up, and so are the prices. Median home sale prices have made the largest increase on record, jumping 15% year over year for the week ending Oct. 4. The previous largest increase was 14.5% seen in September

Michael Gersitz October 9, 2020 External Articles Read more

People movers: Home Point Financial, Kukun, Kairoi Residential

Home Point Financial named Kristin Supancich to the new role of chief people officer where she will be charged with growing and scaling the company.  Supancich brings more than 25 years of experience in the workforce and talent industry to

Michael Gersitz October 9, 2020 External Articles Read more

Fannie Mae’s Doug Duncan offers his predictions for 2021

Doug Duncan doesn’t claim to be an oracle, but the Fannie Mae Senior Vice President and Chief Economist on Thursday offered some forecasts for 2021, even amid a pandemic that has thrown markets into disarray. The country is mired in

Michael Gersitz October 9, 2020 External Articles Read more

Servicers: It’s time to improve decision-making using predictive modeling

HousingWire recently spoke with Yvette Gilmore, senior vice president of Servicing Product Strategy at ServiceLink, about the challenges of portfolio management in the current environment and how machine learning can help servicers streamline the asset-decisioning process. HousingWire: What are the

Michael Gersitz October 9, 2020 External Articles Read more

The key to avoiding costly errors amid record-breaking origination volume

HousingWire recently spoke with ACES Quality Management CEO Trevor Gauthier about the importance of quality control among record-breaking volumes and how QC technology can help lenders avoid costly errors. HousingWire: How have recent conditions impacted loan quality management? Trevor Gauthier:

Michael Gersitz October 7, 2020 External Articles Read more

Gary Keller steps back from Keller Williams amid major corporate restructuring

Keller Williams co-founder Gary Keller has stepped down as CEO amid a broader corporate restructuring that will see the creation of a new holding company, KWx, and a new CEO. In an email to Keller Williams’ leaders and agents Wednesday

Michael Gersitz October 7, 2020 External Articles Read more

Goldman Sachs says Democratic sweep would boost U.S. economy

On Monday morning, when President Donald Trump was a COVID-19 patient admitted to Walter Reed National Military Medical Center, he tweeted in all-caps that Democratic wins in the Nov. 3 election would “SHUT OUR ECONOMY AND JOBS DOWN.” A few

Michael Gersitz October 7, 2020 External Articles Read more

Is the housing market on a sugar high?

V#&WUA – no, I’m not beeping something out. These days, it seems those symbols are all the economic recovery scenarios that are possible as the U.S. looks to recover from the pandemic that has gripped our nation in 2020. For

Michael Gersitz October 7, 2020 External Articles Read more

Workplace strategist Jeff Butler to deliver keynote address at HousingWire Annual

As mortgage lenders continue to register record volume in 2020, top talent is in peak demand and companies are having to shift the way they view human capital in order to stay competitive. That’s why we’ve invited workplace strategist Jeff

Michael Gersitz October 7, 2020 External Articles Read more

In today’s hot housing market, how are real estate agents staying competitive?

Are you running your real estate practice like a business? Or is being a real estate agent just a side hustle for you – something you do in your spare time? According to the U.S. Small Business Administration, only half

Michael Gersitz October 7, 2020 External Articles Read more

Mortgage applications rise 4.6%

After faltering 4.8% the week prior, mortgage applications almost completely rebounded last week, gaining 4.6%, according to a report from the Mortgage Bankers Association. The refinance index also jumped 8% — hitting its highest level since mid-August. Refinances continued to hover

Michael Gersitz October 7, 2020 External Articles Read more

400,000 mortgage borrowers are “needlessly delinquent”

There are about 400,000 mortgage borrowers “needlessly delinquent” as a result of the COVID-19 pandemic who did not use available forbearance options, according to a report from the Urban Institute. These are borrowers with mortgages backed by the federal government

Michael Gersitz October 6, 2020 External Articles Read more

Fed warns of “tragic effects” of COVID-19 resurgence

A resurgence of COVID-19 in the winter months, as some health experts have warned might happen, would have “tragic effects” on the health of Americans and the economy, Federal Reserve Chairman Jerome Powell warned in a speech on Tuesday. “Managing

Michael Gersitz October 6, 2020 External Articles Read more

Finalize the closing disclosure earlier in the process using this collaborative platform

The CoreLogic Title & Closing Solution offers an enhanced workflow designed to support lenders and vendors in the title and closing process. The Title & Closing Solution syncs order management, secures vendor communication and document transfer, encourages full compliance, and

Michael Gersitz October 6, 2020 External Articles Read more
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About Me

I am a Real Estate Agent based out of Tonawanda, licensed to buy, sell and lease real estate in New York State! Give me a call, it might be the best decision you ever make!


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