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Mortgage credit availability increased in May, according to the Mortgage Credit Availability Index (MCAI) , a report from the Mortgage Bankers Association (MBA) based on data from ICE Mortgage Technology. The index was benchmarked at 100 in March 2012. The MCAI increased by 0.1%
In light of this, HousingWire recently caught up with Teraverde Chief Technology & Innovation Officer Rob Peterson to learn more about the key to lender profitability in today’s lending environment. Rob Peterson: Most segments of the economy have effectively adopted technology to reduce their costs. Louis computes a 34.7%
Gen Z — born between 1997 and 2012 — is making waves in the market with their approach to homebuying. Smart home technology is not optional Gen Z marks the first generation of true digital natives. This group was raised on technology and expects their homes to be outfitted accordingly.
Even in the midst of a banner year, originators have to keep one eye on the technologies and competitors that could upend their carefully crafted business strategy. Taking those lessons with him, Ghamsari decided to start Blend in 2012 along with his co-founders. The focus of the Spring Summit is The Year-Round Purchase Market.
After being promoted to CEO in 2012, Mayopoulos returned Fannie Mae to profitability, delivering more than $167 billion in dividends to the U.S. Treasury and introducing new technologies to the housing finance system. venture-backed technology and healthcare companies.
The Utah-based software developer offers a private-label digital mortgage platform and mobile app designed to connect lenders with borrowers and real estate agents. Most recently, the private-equity firm invested in Real , a technology-powered real estate brokerage in 2020, and perhaps most notably, e-recording provider Simplifile in 2013.
” According to Bodrozic, this blend of customized home data and advanced AI technology positions HomeZada as a powerful tool for homeowners looking to maximize the value of homeownership. Established in 2012, HomeZada is a fully integrated, cloud-based platform dedicated to digital home management.
The young executive started his career in 2006 before transitioning into key management roles at Five Star Real Estate in 2012. Instead, he chose to focus on building a strong culture without relying on widely available technology to augment Five Star’s productivity. “I
This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Fintech-focused Canapi Ventures led the investment, which brings Blend’s total venture raised to $365 million since its 2012 inception.
between 2012 and 2021. Architects, designers and construction leaders have all been searching for ways to meet the immense demand for housing amid today’s challenges. For example, the Kendeda Building at the Georgia Institute of Technology was built in part using 25,000 linear feet of reclaimed lumber from film sets around Atlanta.
Before Onity, Keaton was the Chief Servicing Officer at Shellpoint Mortgage Servicing from 2012-2022. Before joining Shellpoint, Keaton held several executive-level roles at Resurgent Capital Services between 2002 and 2012, including VP of Mortgage Servicing and Recovery.
For lenders unfamiliar with reverse mortgage products, RMF makes it easy to get into the business with its technology platform, training, marketing assistance and industry-leading support. As such, reverse mortgages will continue to be a growing option as a valuable and effective tool to help meet the challenges of retirement financing.
Too many real estate agents are watching artificial intelligence (AI) from the sidelines, assuming technology will never replace them. However, it was deemed as too challenging technologically so it languished. It re-emerged in the AI scene in October 2012. Both are excellent uses of the technology to save time.
Real Estate and Design Trends to Watch in 2024 Design & Architecture , Design Trends By: Barbara Ballinger Source: [link] From ecosystem conservation to “new” darker neutrals in exterior paint, we look at the trends set to take hold in the industry this year. Boschetti Jr.,
Perhaps it’s the stunning beaches, swaying palm trees, Read More » The post Amy Wallick Sworn in by Massachusetts Association of REALTORS® as 2024 President appeared first on Lamacchia Realty.
Since the company’s inception in 2012, Arixio has provided professional technology services such as network design, web design, and general IT consulting to various industries. They have recently begun to sell their own hardware like their Arixio One computing system.
In this role as a licensed broker of record, Angela acts as the designated representative for Lamacchia Realty and is responsible for ensuring legal compliance as well as upholding respective state real estate requirements. Thank you, Angela, for all you do!” stated Anthony Lamacchia, Owner/CEO of Lamacchia Companies.
A notice implemented into the reverse mortgage servicing process that is designed to flag potential foreclosures if they are in a federally declared disaster area could prove to be beneficial for any borrowers currently impacted by the Los Angeles-area wildfires , according to a servicing industry expert.
Causes for the underproduction – which doubled between 2012 and 2019, are multifaceted. The CEO of a national firm specializing in residential architecture said he is focused on “designing the thoughtful home” by infusing floor plans with performance capabilities that will save homeowners time, make life simpler and possibly extend lifespans.
As AI technology advances, custom GPTs are set to become increasingly influential in defining the future landscape of the appraisal industry. This included bringing in two national banks based in Minnesota that wound up being his first two clients when he launched his own business in 2012 with a local partner in the Twin Cities. “I
Mortgage credit availability increased in October according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology. The index was benchmarked to 100 in March 2012. The MCAI rose by 0.7 percent to 99.2 in October.
It speaks to the importance of technology in CRE - especially by crowdfunding sites that are allowing more investors to enter the commercial investment space. The platforms are designed to be easy to use and intuitive, and require little or no specialized knowledge. Don't miss the quote from Patch's CMO, Robert Greenberg.
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