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“In line with guidelines from our lending partners and other entities that own or insure mortgages, NAF will offer forbearance assistance to customers whose homes are uninhabitable or who cannot work due to the wildfires,” the company told RMD in a statement. Reach out to your clients, he said.
Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. Apollo has 16 lending platforms in the U.S. Ruimy: The transaction was completed with Apollo Global Management.
While it may be easy to attribute the slower market conditions to the state’s well-publicized insurance issues , local agents say there is a perfect storm of factors. “It Insurance is still a major hurdle for many. Altos’ data shows that the 90-day median time on market jumped from 49 days a year ago to 70 days as of mid-July.
Evernest already offers services including brokerage , maintenance, renovation, insurance and lending. Poplar co-founder Chuck Hattemer will also join Evernest to guide integration and growth initiatives. It combines its platform with local teams to carry out these services.
Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Production declined 25% to $5.49 billion in 2022 from the previous year’s volume of $7.29
“Our clients appreciate their ability to internalize their core challenges, and apply their comprehensive industry knowledge to solving them.” “Its a pleasure to be with a company that can consistently support our clients.
The checklist covers such broad areas and topics as: organizational structure; litigation; compliance ; intellectual property; real property; financial and tax; labor and employment; material, vendor, and software contracts; insurance; and customers. Patent & Trademark Office. Nettleingham is a shareholder at Maddin Hauser.
White label title insurance franchise Proliant Settlement Systems announced Friday the acquisition of Great Northern Title Insurance Agency (GNTIA) in Michigan as a franchisee. ” This was appealing to GNTIA owner Neville Nofar, who also counts Great Northern Tax and Great Northern Insurance Agency as part of his portfolio.
The Consumer Financial Protection Bureau (CFPB) this month published an issue spotlight that takes a closer look at home equity contracts, or what the industry refers to as home equity investments (HEIs) that offer a lump sum payment to clients in exchange for a stake in their home equity.
We want to assure our clients that all loans in process will proceed without issue, and we remain committed to supporting them through this transition, Rocket Mortgage said in a statement. While this means stepping away from our lending business in Canada, we thank our team members who have helped us expand over the last five years.
San Antonio, Texas-headquartered USAA eliminated 130 positions in the real estate lending group amid projections that the mortgage industry will shrink in 2023. In August, the bank issued pink slips to an undisclosed number of employees in human resources, client advising, information technology, according to the outlet.
First, he has his clients lender call the listing agent. But because inventory remains at record lows, home prices have soared to astonishing highs, and bidding wars still occur in housing market across the country, Pascoe and other real estate agents on the buy-side have had to go the extra mile to fight for their VA clients.
One of our big goals at Blueprint Title is to shrink the title insurance business from an $18 billion business to a $10 billion business,” Berneman, the company co-founder and CEO. “We share of the market controlled by small, independent title insurance companies. of the market, should be too concerned about the rise of the little guy.
UWM’s TRAC+ announcement comes as the federal government pushes title insurance alternatives designed to save consumers money. the company also announced ChatUWM, an AI-powered search engine that provides instant responses to clients, including guidelines, matrices, lender tools, and technology. loans but only for refinances.
Our name is changing to demonstrate the companys unmatched dedication and service to clients around the world. The company said the new name reflects its “deep commitment to collaboration and connectivity, both internally and externally” while honoring its CoreLogic roots. Covering 99.9% of properties in the U.S.
Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, announced on Wednesday a new partnership with WFG National Title Insurance Company (WFG) to provide the company and its customers with eClosing technology solutions.
Milo , a Miami-based digital lender, will soon offer a crypto mortgage to clients with digital assets. According to Milo’s press release , clients who use the company’s services can pledge their Bitcoin to purchase a property. If a client qualifies, they will receive a low interest rate 30-year crypto mortgage, the company said.
Through partnerships with Bubble Insurance Solutions and New American Funding , real estate agents at The Agency will have access to mortgage lending services and insurance services for their clients. The affiliation will provide The Agency’s agents with access to Bubble Insurance’sinsurance coverage for their clients.
Industry veteran John Gibson is leaving the company to pursue other opportunities, and he will be replaced by Rich Hoffman as senior vice president and head of TPO lending. He’s replacing Gibson, who spent nearly five years leading the TPO channel and focusing on client experience. lender in the space.
She will now oversee all aspects of the company’s enterprise development team, which is expanding as Incenter seeks to create new solutions and bolster competitive advantages for its clients. “I I am thrilled to have the opportunity to help our clients strengthen their market positioning despite today’s challenges,” Duffy said in a statement.
Nexsys Technologies , a subsidiary of Rocket Companies , launched its Clear HOI platform for all mortgage lenders on Wednesday – a new product it says will cut homeowners’ insurance verification time to mere minutes. Other insurance companies already integrated with the platform include Allstate , Liberty Mutual and Farmers Insurance.
Our name is changing to demonstrate the companys unmatched dedication and service to clients around the world. Cotality empowers industry professionals across home lending, insurance, real estate, and government worldwide.
Aslan Home Lending Corporation. JMAC Lending. VP, Purchase and Client Relations Operations. Senior Director, Product & Client Solutions. Synergy One Lending. Mortgage Insurers. SVP, Correspondent Lending. VP, Marketing. Finance of America Reverse. Bernadette Kogler. CEO and Co-Founder. Jane Mason.
It’s exciting to work with people with a common vision, and to have a meaningful role in moving our clients forward.” Incenter is a family of companies committed to helping lending and depository institutions maximize their financial and operational performance and leverage new pathways to growth.
Enhancing our clients’ tech stacks with simple, digital-first tools is the foundation of our company’s mission, and it’s integrations like these that help us further that mission,” Patrick O’Brien, LenderLogix co-founder and CEO, said in a statement. “The
Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. EnerBank says it works with 10,000 contractors and develops personalized loan programs for their clients. billion in home improvement projects.
Smith, whose experience includes leadership roles at companies such as Keller Williams and CitiMortgage , will oversee the strategy and execution of originations, fulfillment, servicing and warehouse lending. Prior to joining Truist, Smith led the mortgage lending, insurance and title businesses affiliated with Keller Williams.
Mortgage lending titan Rocket Mortgage is bringing its tech straight to financial institutions. It’s a significant lending play, as many of these smaller credit unions and community banks aren’t large enough to run their own mortgage operations. Already the leading originator in the U.S.
.” Incenter has businesses focused on capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing. According to Parrish, some of Incenter’s clients, such as IMBs, face pressures from the market downturn.
M&T Bank Head of Affordable Housing Lending Lopa Kolluri M&T Bank has announced that it has appointed Lopa Kolluri as Head of Affordable Housing Lending. This is a substantial opportunity to build upon our already strong capabilities and it further complements M&T’s forward-thinking approach to supporting clients.”
Both Droge and Olmos come to University Bank from Open Mortgage , which shuttered its own top 10 reverse mortgage lending division late last year. Obviously we have a forward lending division, we have the reverse mortgage lending division and a commercial panel, as well as an insurance company.
By creating seamless experiences, KeyLink will ensure clients feel confident and well-supported throughout the title process.” My goal is to establish a nationwide title resource known for exceptional service, Quantie said in a statement. ” Before joining KeyLink, Quantie served as the president of UTB Title.
banks, lenders, credit unions, insurers and securities firms. IDS, founded in 1986 and based in Draper, Utah, employs roughly 75 people and has over 450 clients, including U.S. What are the building blocks of digital lending? mortgage lenders, banks and law firms. Presented by: Wolters Kluwer. Presented by: Wolters Kluwer.
Xactus will add flood services to its list of verification solutions with the acquisition of MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate. MassiveCert will be rebranded as Xactus Flood Solutions. “The Up until now, Xactus obtained data from third parties.
. “Our partnership will enable clients to seamlessly analyze their market position and support effective margin decisions without leaving their pricing engine. Since its launch in 2019, the California fintech company has raised about $57 million in three rounds of funding.
We have deployed components and services that have changed our strategy while still offering boutique solutions to our clients’ growth goals. Our solution prioritizes the borrower experience and promotes a “self-cure” to insurance resolution with a multi-channel campaign that includes both digital and print touchpoints with consumers.
While mortgage lenders would do well to heed the statements from the Consumer Financial Protection Bureau that it will be carefully watching fair lending and servicing issues , especially with the likelihood of a default spike, title and settlement firms will be keeping an eye on more than just the CFPB.
At American Senior Lending / HighTechLending , company president and CEO David Peskin described the impact higher rates have had on the demographic before looking ahead at the potential impact on his company and the wider reverse mortgage industry. “We This move is set to provide much-needed access to funds for many of our clients.”
Candor is executing a change in strategy to address the ever-changing mortgage market and to pivot along with client operations,” Tom Showalter, CEO of Candor , said in an e-mailed response. Future development projects will follow this collaborative approach with our clients and strategic partners. Candor Technology Inc. ,
Knox Upside, which distributes rental income to the investment property owner when a resident pays rent and enables owners to access their equity through Knox’s proprietary lending platform. . Clients of the company can also access Knox Lending Corp., Knox’s lending arm.
The Federal Reserve When your clients express concern about interest rates, they’re likely referring to the larger-scale changes with long-term effects that are tied to the Federal Reserve (“The Fed”) and its monetary policy. Generally, the Fed will adjust its lending rate by a quarter percent, but at times the adjustment has been larger.
Speakers: Debbie Hoffman, Managing Associate, General Counsel, Western Union Laura Escobar, President, Lennar Mortgage Kim Lanham, Senior Vice President Marketing, Public Relations, Client Services, Digital Risk Sarah Wheeler, Editor in Chief, HW Media. 02 HWA The Remix: Westwood Insurance Agency. 05 Housing Market Super Session.
mortgage insurance market in 2023 to deteriorate. That will be offset by stable insurance in force, driven by increased persistency — a percentage that indicates the number of clients that an insurance company retained, the credit rating agency said in a separate report. mortgage insurance sector, according to the report.
HousingWire: As interest rates rise and borrowing becomes more expensive, how can offering reverse mortgages help lenders provide clients with a stable cash flow in an otherwise volatile market? CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans. Not tax advice.
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