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Finance of America (FOA), the leading reverse mortgage lender, presented a robust outlook last week in its third-quarter 2024 earnings and is aiming to hit the ground running with business in 2025. New ad agency, HomeSafe Second performance Sieffert also revealed that the company has enlisted the services of a new advertising agency partner.
Growth in 2025 will come from additional optimization of business channels, she explained, and a focus on areas with significant upside opportunities. These milestones, combined with successful execution of our remaining operational initiatives, positioned us to close 2024 with our largest production month since 2022.
The Mortgage Bankers Association (MBA) on Thursday released a new white paper , which argues that Section 8 of the Real Estate Settlement Procedures Act (RESPA) is in need of reform and modernization to better reflect “today’s highly-regulated mortgage market.” It was originally overseen by the U.S.
The real estate industry is racing to find ways that artificial intelligence (AI) can improve business practices. By integrating Restb.ai’s technology into Certainty, we are taking a leap forward in appraisal modernization. has been busy on the partnership front. ClearValue Consulting thinks it’s found a way.
By doing so, ICE helps its clients cut down on mistakes, speed up workflows, and offer a modern lending experience that works better for both borrowers and industry professionals. Room to grow : Being cloud-based means the platform can expand as businesses do, without slowing down.
Real estate valuation technology provider Clear Capital on Thursday launched Universal Data Collection (UDC), a product designed to support appraisal modernization. UDC will also support Freddie Mac’s ACE+ PDR solution for lenders to scale their business.
Modern-day redlining persists, and it’s costing lenders millions in legal fees. The cost of lost business opportunity is even higher. By shifting to a modern mindset and making diversity central to all lending initiatives, lenders can build strategies that are inherently anti-redlining. More recently, Patriot Bank paid $1.9
The rule will require all insurers that do business in the state to begin increasing their policies in high-risk wildfire areas by 5% every two years until at least 85% of their policies cover these homes. Currently, the state has no requirements for insurers to offer coverage in these areas.
And lets not even get started on how the modernization movement is designed to push us aside in favor of speed and efficiencyaccuracy be damned. And I think one of the reasons the appraisal business is the way it isfor better or worseis because it attracts fiercely independent thinkers who want to be their own boss.
Appraisal modernization is generating a lot of buzz in the real estate lending industry. Most would agree (me included) that the appraisal process is long overdue for modernization — a 2022 Fannie Mae survey showed 94% of lenders are in favor of appraisal modernization. However, is appraisal modernization on its own enough?
The industry is buzzing with conversations around appraisal modernization — for good reason. Appraisal modernization reduces origination cycle time, bolsters appraiser capacity and helps lenders deliver a more seamless and transparent borrower experience. Here’s a quick rundown of how this modernization can support your success.
Editor in Chief Sarah Wheeler sat down with Kenon Chen, executive vice president of strategy and growth at Clear Capital , to talk about appraisal modernization and how technology is just part of the solution. SW: Is the end goal of appraisal modernization to replace appraisers?
However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. How do the solutions work? Why do we need them? But you already know this.
California-based Provident Funding Associates LLC is getting out of the Florida condo lending business , it told broker partners on Friday. In an email sent Friday morning, Provident said that it would “no longer be accepting new applications for condominiums ” effective that day.
The company which formally announced the arrangement on Thursday includes business and brand strategy, creative development and industry thought leadership initiatives, according to the announcement.
As title insurers our business practices and our regulatory oversight are different in every single state,” Stone said. “So There are too many underlying regulatory issues and underlying databases and business practices that evolve differently.”. We’re position well to do that because building that software is our primary business.”.
But when it comes to marketing a real estate or mortgage lending business, people who have made a sale in the past often consider marketing automation a “nice to have.”. How marketing automation saved Mike’s business. Thanks to this technology, most of his customers and business partners didn’t even know he was sick.
a Radian company, is paving the way for lenders, brokers, agents and investors looking to bring their businesses into the 21st century. As nearly every business today takes a leap toward a future where tech rules supreme, homegenius and its parent company, Radian, are committed to staying at the forefront of an ever-evolving industry.
Theres no one-size-fits-all solution when it comes to finding the right transaction management software for your real estate business. Your unique business needs will determine which transaction software is right for your business. No two businesses will have the same needs.
New York-based EasyKnocks business model allowed homeowners to sell their properties to the company but remain as renters while receiving cash for their financial needs. We are deeply grateful for the trust placed in us to be part of the financial journey of so many. This followed a $57 million Series C round in February 2022.
Lone Wolf Technologies , a real estate technology company that has been in business for decades, unveiled its reimagined brand identity last week as an effort to “blend technology with human-centered design to better serve real estate professionals,” per a release from the company.
In the proposal’s supplementary information section, HUD explains that the rule as currently enforced is simply outdated, and does not account for modern methods of communication that would comply with the protection of the involved parties’ personal information.
Feldman & Feldman remains proud of the role it played in shedding light on Easyknocks business practices and of its commitment to successfully fighting for clients in any forum necessary, the law firm wrote in an emailed statement. Originally filed by EasyKnock in Nov. The platform shut down its operations in early December 2024.
Pretium Partners , a New York City-headquartered investment firm, announced Tuesday that its adding a new senior managing director to lead its business optimization efforts. “Pretium has built an exceptional business, combining sophisticated investment management with complex, operationally-intensive companies. .
Jun has long been an instrumental leader in our company, consistently creating and scaling innovative solutions across our business,” Wacksman said. “He Most recently, Choo has served as senior vice president of real estate software, which saw him lead sales for Premier Agent, ShowingTime and dotloop.
The Consumer Financial Protection Bureau (CFPB) announced this week that it is launching an inquiry into the business practices of data brokerage firms to learn whether their impact on consumers can inform planned rulemaking under the Fair Credit Reporting Act (FCRA).
Jonathan Scarpati Jonathan has been at the core of driving reverse mortgage adoption and awareness in the industry for over 20 years, and were excited to extend his leadership abilities to accelerate performance as we modernize our brand and expand our reach, FOA President Kristen Sieffert said. Senator Cory Gardner to its board of directors.
Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. For lenders, the market offers the prospect of a new and growing line of business. The home-only lending market presents several major opportunities.
Id taken the first three to six months talking to CEOs, CTOs and these companies about their businesses, and really learned a lot about it. If you think about it, we had pretty much all of the top 10, if not the top 25 reverse lenders, Mitchell said of RVs stature during that time.
The move allows the lender to have “modernized its mortgage operational processes, boosted productivity and delivered an enhanced borrower experience for its customers,” the company said in a news release.
In his new role, Banosian said he will be leveraging his success as a top producing loan originator to help other Rate LOs grow their business and take market share. And nobody understands the modern day law officer better than I do, because I’m one of them. This interview has been edited for length and clarity.
It’s time for modernization, Krishna said. We’re on track to save our team members a million hours in efficiency on the origination side of the business, just by simply investing in better data, better models, more automation, more personalization, and just making our team members more productive.
Modernizing consultations with GoFormz can eliminate these issues. Enhancing Efficiency with Digital Client Consultation Forms With GoFormz, beauty, health, and wellness businesses can create customized client consultation forms that are easy to fill out on any device. Why Choose GoFormz for Modernizing Consultations?
Modern-day concerns The growing frequency and intensity of climate-related events like hurricanes, wildfires and flooding have increased spending for disaster-driven repairs to $49 billion in 2022 and 2023. Labor shortages are another hindrance to the repair and remodeling businesses.
By integrating Restb.ai’s technology into Certainty, we are taking a leap forward in appraisal modernization. About ClearValue Consulting ClearValue Consulting understands what sets each business apart and helps accentuate their strengths while boosting productivity through a shared network of assets.
million households, Ginnie Mae proved how impactful our business can be in strengthening the housing finance market while generating superior financial results. With a business model that generates a negative subsidy, we directly contribute to U.S. In generating $3.1 billion net financial impact, including supporting 1.2 This years $1.3
Many appraisers are wary of AI, but Joanna has embraced it to transform her business. She shares how listeners can use ChatGPT to create, manage, and market their own niche businesses, offering valuable takeaways for those looking to stand out in their areas.
The essence of our industrys defense of modern MLS infrastructure rests upon a fragile foundation that says, “Its not perfect, but its the best we can do.” These domains arrived long before modern technology enabled efficiencies of scale. ” But lets cut through the noise and examine whats really going on.
Todays offerings integrate seamlessly and enable property managers to modernize their payment capabilities relatively quickly and easily. By embracing the fast and convenient payment options on the market today, property management companies can both advance their business and deliver on their tenants evolving preferences.
With the rapid improvement of AI technology coinciding with the business practice changes outlined in the NAR settlement, many in the proptech industry believe now is the right time for the rise of the AI agent. But unlike reAlpha, Modern Realty is much newer, having officially launched only three months ago.
The drive toward modernization has led to technological advancements and more data-driven valuations, which leaves many appraisers at a crossroads: while these changes can lead to greater efficiency and fairer home valuations, adopting new tech can be scary. The residential appraisal profession is at a transformational moment.
The reality is that modern mortgage operations run on multiple platforms loan origination systems, servicing software, payment processing tools, and customer relationship management systems. Digital loan applications, automated underwriting, and electronic closings have become standard practice.
Zillow Group COO Jun Choo Zillow Group has promoted tenured executive Jun Choo to the role of Chief Operating Officer (COO) where he will oversee Zillow’s for sale business strategy and operations including Enhanced Markets and Mortgages, in addition to the company’s real estate industry product lines, sales, and operations.
This system provides FHA-approved lenders and business partners with secure online access to computer systems at the U.S. It covers structural repairs (such as foundations and new roofs), modernization of kitchens and bathrooms, and energy-efficiency and climate-resiliency projects. Department of Housing and Urban Development (HUD).
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