Design, Insurance and Lending - Property Appraisal Zone

Climate risk is rising. It calls for a rethinking of home insurance coverage

Housing Wire

NOVEMBER 7, 2024

It’s resulting in calls to reimagine the costs of homeowners insurance (Image generated by AI in Midjourney) As the planet warms and extreme weather intensifies, the rising cost of homeowners insurance is stopping real estate deals in their tracks. Some insurers say catastrophe risk is part of the business, part of the job.

Insurance

Insurance Supply Chain Real Estate Design

CFPB bans RMK Financial Corporation from mortgage lending industry

Housing Wire

FEBRUARY 27, 2023

RMK Financial Corporation , which does business as Majestic Home Loans , has been permanently banned by the Consumer Financial Protection Bureau (CFPB) from the mortgage lending industry following a series of repeat offenses — which occurred despite the CFPB’s law enforcement order issued in 2015. government.

Lending

Lending Advertising Mortgage Government

HUD to allow borrowers of FHA mortgages to obtain private flood insurance

Housing Wire

NOVEMBER 21, 2022

Homeowners with the Federal Housing Administration -insured mortgage financing will now be allowed to obtain private flood insurance policies, expanding consumer options to protect borrowers from the country’s major natural disaster. . billion, did not have the required NFIP coverage.

Insurance

Insurance Mortgage Realtors Design

UWM cuts out title insurer with updated TRAC+ program, rolls out 0% down purchase initiative

Housing Wire

MAY 16, 2024

UWM’s TRAC+ announcement comes as the federal government pushes title insurance alternatives designed to save consumers money. The product is available on conventional, Federal Housing Administration (FHA), and U.S. Department of Veteran Affairs (V.A.) loans but only for refinances. 0% down During UWM Live!

Insurance

Insurance Agents Real Estate Agent Mortgage

Regulators show united front on targeted lending programs

Housing Wire

FEBRUARY 22, 2022

Though regulators have the power to ding lenders for violating fair lending law, none of the agencies can give a special purpose credit program their blessing. Lenders are left to their own devices to design the programs, based on guidelines from the CFPB, and hope they get it right.

Lending

Lending Development Finance Law

Truv Now Integrated With Lodasoft

Appraisal Buzz

NOVEMBER 8, 2024

Truv , a provider of income, employment, asset and home insurance verification solutions, and Lodasoft , which offers a digital workflow platform designed by mortgage experts to automate the lending process, are now integrated to provide mortgage lenders with seamless, real-time verification capabilities directly within the loan application.

Lending

Lending Design Insurance Government

FFIEC issues statement of principles for examining appraisal and valuation bias

Housing Wire

FEBRUARY 12, 2024

The Federal Financial Institutions Examination Council (FFIEC) on Monday issued a statement outlining examination principles related to valuation and appraisal discrimination or bias in residential lending. FFIEC is a federal interagency coalition consisting of the Federal Reserve Board of Governors (FRB), the Federal Deposit Insurance Corp.

Valuation

Valuation Appraisal Law Design

FHA proposes updates to partial claim payoff statements

Housing Wire

SEPTEMBER 13, 2024

Partial claims are designed to offer assistance to mortgage borrowers who have fallen behind on their monthly payments, allowing them to become current without impacting the terms of their original loan. The proposal would also extend the time frame for lenders to “record partial claim security instruments from 5 to 15 days,” FHA said.

Insurance

Insurance Design Agents Mortgage

Stavvy joins forces with WFG on eClosing tech solutions

Housing Wire

MAY 3, 2023

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.

Insurance

Insurance Real Estate Technology Lending

‘There will be bank failures,’ Fed chief tells lawmakers

Housing Wire

MARCH 8, 2024

Although commercial mortgage debt is propelling these concerns, the possibility of failure for a federally insured bank has implications for the residential mortgage sector. According to the Federal Deposit Insurance Corp. banks moved away from commercial real estate lending. FDIC), banks held $2.78 NYCB, one of the largest U.S.

Real Estate

Real Estate Insurance Lending Retail

University Bank adds four reverse mortgage veterans to its HECM division

Housing Wire

JANUARY 10, 2024

Both Droge and Olmos come to University Bank from Open Mortgage , which shuttered its own top 10 reverse mortgage lending division late last year. Certifications, reverse posture Haviland and Droge have certified reverse mortgage professional (CRMP) designations from the National Reverse Mortgage Lenders Association (NRMLA).

Mortgage

Mortgage Lending Loan Officers Design

Candescent Capital Ventures Taps Adam Johnston as SVP, Chief Program Management and Valuation Officer

Appraisal Buzz

MAY 6, 2024

Over the past 20 years, he has served in key leadership roles in mortgage banking, private mortgage insurance, and appraisal management. Johnston is a certified real estate appraiser with advanced professional appraisal designations, project management designations, and process improvement credentials.

Valuation

Valuation Project Management Design Insurance

The Agency ventures into core services

Housing Wire

JULY 28, 2023

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’s insurance coverage for their clients.

Insurance

Insurance Brokerage Clients Real Estate Agent

HUD translates 19 mortgage documents into five languages to broaden accessibility

Housing Wire

JULY 3, 2024

Department of Housing and Urban Development (HUD) on Wednesday announced that it has released five new language translations for 19 separate single-family mortgage documents used for Federal Housing Administration (FHA)-insured mortgage servicing.

Mortgage

Mortgage Insurance Tools Law

FHA reiterates loss-mitigation options as Helene devastation continues

Housing Wire

OCTOBER 1, 2024

The Federal Housing Administration (FHA) on Tuesday issued an informational notice to mortgage lenders in which it reiterates various loss-mitigation options afforded to companies and borrowers who are engaged in FHA lending programs in presidentially declared major disaster areas (PDMDAs).

Inspection

Inspection Insurance Mortgage Design

FHA proposes updates to reverse mortgage debenture interest rates

Housing Wire

JULY 18, 2024

Debenture interest refers to the percentage of a return that an investor would receive for lending money through a debenture. These changes are designed to “reaffirm” FHA’s commitment to the HECM program, as well as its long-term stability, the ML explained. 19, 2017, which went into effect later that year.

Mortgage

Mortgage Design Insurance Lending

Opinion: Housing industry gut check: Surveying the current landscape

Housing Wire

AUGUST 15, 2024

There are many government program offerings designed to support low-income borrowers and underserved communities available through banks and credit unions, including: Federal Housing Administration (FHA): FHA provides mortgage insurance on loans made by FHA-approved lenders. This insurance protects lenders against losses.

Government

Government Insurance Finance Mortgage

Renovation loans get pandemic boost as homeowners want home offices

Housing Wire

SEPTEMBER 23, 2020

The Federal Housing Administration’s 203(k) rehabilitation mortgage insurance program is designed for borrowers to renovate when they purchase or refinance. For over 40 years with Section 203(k) of the National Housing Act, FHA has been protecting lenders with fully-insured mortgage loans even as renovations are underway.

Renovations

Renovations Insurance Home Improvement Design

Fintech Stavvy acquires servicing tech firm Brace

Housing Wire

AUGUST 1, 2023

Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, acquired Brace , a digital mortgage servicing platform. Founded in 2018 , Stavvy works to increase efficiency and transparency in real estate and mortgage lending. Terms of the deal were not announced.

Real Estate

Real Estate Lending Technology Investing

Are these factors creating chaos in your mortgage lending ops?

Housing Wire

JUNE 7, 2022

Servicers, especially those who service government-insured loan products, are under statutory time constraints that give them very little wiggle room. But unless the automation is specifically designed to solve these problems, it stands little chance of being effective. appeared first on HousingWire.

Lending

Lending Mortgage Technology Modernization

Announcing the 2024 Class of Rising Stars!

Housing Wire

APRIL 24, 2024

Cooper Mansoor Bahramand Chief Technology Officer Revive Real Estate Maria Barrios Executive Director of Operations and CFO The National Association of Hispanic Real Estate Professionals (NAHREP) Mark McDonough Owner and CEO Better Homes and Gardens Real Estate Winans McKenna McCormick Vice President of Strategic Sales The CE Shop Melissa Wooldridge (..)

Real Estate

Real Estate Realty Project Management Realtors

ESSA Bank to pay $3M to settle DOJ’s redlining allegations

Housing Wire

JUNE 2, 2023

District Court for the Eastern District of Pennsylvania , ESSA “failed to provide mortgage lending services and did not serve the credit needs of majority-Black and Hispanic neighborhoods in the Philadelphia metropolitan area” from 2017 to 2021. According to a complaint filed by DOJ in the U.S.

Lending

Lending Advertising Design Loan Officers

Mortgage Coach integrates with Polly’s PPE

Housing Wire

DECEMBER 1, 2022

In May this year, Polly’s mortgage SaaS technology integrated with mortgage insurance providers like Arch MI, Enact, Essent, MGIC, National MI and Radian.

Mortgage

Mortgage Technology Investing Design

Mortgage Coach, Polly team up amid a rapidly shrinking industry

Housing Wire

NOVEMBER 1, 2022

Lenders invest significant time and money into building diverse portfolios of loan products designed to meet borrowers’ unique needs, yet those products often sit underutilized,” Mortgage Coach and Sales Boomerang Chief Lending Officer Joe Puthur said in a statement.

Mortgage

Mortgage Project Management Insurance Loan Officers

Mortgage AI firm Candor conducts layoffs

Housing Wire

MARCH 17, 2023

The company debuted in August 2020 with a mission to automate much of the underwriting process when making income, asset and lending decisions. The firm’s automated underwriting tech is designed to augment human underwriters’ capabilities, allowing underwriters to handle more loans. In August 2021, Candor raised $12.5

Mortgage

Mortgage Technology Clients Development

StreamLoan expands into insurtech with Progressive deal

Housing Wire

OCTOBER 14, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. This setup lets a consumer compare quotes from several insurers, including Progressive, with only one click. billion U.S.

Insurance

Insurance Technology Lending Real Estate Agent

Knox Financial launches new investment property products

Housing Wire

OCTOBER 18, 2022

The product is designed specifically for homeowners who require in-hand leases to qualify for mortgages on new home purchases. 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. .

Investing

Investing Real Estate Lending Tenants

Rhode Island historian uses a reverse mortgage as an estate planning tool

Housing Wire

JANUARY 12, 2024

The company later told RMD, however, that the loan was within current product lending limits. The 2023 reverse mortgage limit for Federal Housing Administration (FHA)-insured Home Equity Conversion Mortgages (HECMs) stood at $1,089,300, but proprietary reverse mortgages are not subject to FHA limits. to the Heritage Harbor Foundation.

Tools

Tools Mortgage Finance Lending

Opinion: The elephant in the real estate room? Lowballed appraisals

Housing Wire

FEBRUARY 1, 2024

As a refresher, “redlining” means that no matter the features or amenities that a home provides, if the home is in a neighborhood with Black residents (homeowners or renters), traditional (and more affordable) lending and insurance would be denied — although a few sub-prime options tend to circle these communities like sharks.

Real Estate

Real Estate Appraisal Insurance Training

Opinion: Reformed FHA program will offer lenders new business opportunities

Housing Wire

MARCH 28, 2024

New changes from the Federal Housing Administration (FHA) and Ginnie Mae , which insure and guarantee loans, could help open an untapped market for lenders looking to expand their businesses and improve access to credit for buyers of manufactured homes. The home-only lending market presents several major opportunities.

Business

Business Finance Lending Buyers

In the race to modernize title, firms double down on software

Housing Wire

DECEMBER 6, 2021

So far his venture-backed title company has launched platforms that have sped up title clearance and title insurance acquisition, and they have their sights on expanding into the lending and appraisal space. As title insurers our business practices and our regulatory oversight are different in every single state,” Stone said. “So

Modernization

Modernization Real Estate Agent Insurance Real Estate

’Not HELOC. Not piggyback.’ Freddie Mac exec defends new product proposal amid resistance

Housing Wire

MAY 23, 2024

Also, if created, the “quick delivery into an agency TBA market could increase overall participation in home equity lending.“ Mortgage Insurers (USMI) , an association representing leading private mortgage insurers, disapproved of the program. But these are “theoretical benefits,“ the MBA concluded. DeMarco said in the letter.

Insurance

Insurance Mortgage Marketing Design

HUD launches manufactured home community loan program

Housing Wire

JUNE 5, 2024

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

Government

Government Finance Renovations Design

CHLA: Here’s how to modernize ‘short-changed’ Ginnie Mae

Housing Wire

MAY 15, 2024

Former Ginnie Mae President Ted Tozer previously floated a plan in which there would be “debt guarantee for a Ginnie Mae issuer, collateralized by assets insured or guaranteed by a federal mortgage program agency.” CHLA added in a statement that the release of these recommendations is designed to coincide with relevant news.

Modernization

Modernization Government Contracts Insurance

Milo reaches $10M crypto-mortgage milestone

Housing Wire

JULY 19, 2022

The lender’s 30-year crypto mortgage is designed to make it easy for investors to use their digital holdings to acquire homes in the U.S. Miami-based fintech Milo has closed $10 million in cryptocurrency mortgages since unveiling the product earlier this year, the company announced early Tuesday. or pursue refinancing.

Mortgage

Mortgage Design Insurance Lending

As the housing market bottoms out, educating the future mortgage pro becomes paramount

Housing Wire

FEBRUARY 21, 2024

In 2021, Gigliotti created Axis 360 Lift , an online academy designed to educate aspiring mortgage and title professionals. Axis has lending and title academies, with an origination academy set to launch in the spring of 2024. The initial 30 days establish a foundational understanding of mortgage lending concepts.

Housing Market

Housing Market Mortgage Marketing Real Estate

CFPB wants lenders to disclose reason for denial of credit

Housing Wire

MAY 27, 2022

The designers historically have been unwilling to tell lenders all the factors used and how they are weighted,” Kully said. In his own statement Thursday, Chopra said companies have “legal responsibilities when they let a black-box model make lending decisions.”. Presented by: Mortgage Coach.

Law

Law Valuation Legal Government

Redfin: Former redlined neighborhoods at massive flood risk

Housing Wire

MARCH 15, 2021

of households in current neighborhoods that were once designated undesirable for mortgage lending are non-white, compared with 40.4% of households in current neighborhoods that were labeled desirable for lending. Presented by: Ylopo. Per Redfin, 58.1% “This perpetuates a cycle in which Black families lag financially.”

Real Estate Agent

Real Estate Agent Real Estate Lending Design

Stavvy’s solution securely digitizes and automates every aspect of the real estate transaction process

Housing Wire

SEPTEMBER 30, 2021

Most digital solutions in the lending industry are designed to solve one problem and built for one audience in mind. This fragmentation makes it difficult for everyone involved in the lending process to communicate with each other effectively. Stavvy has the power to bring these disparate components together.

Real Estate

Real Estate Design Lending Agents

Appraisal bill would combat legacy of redlining

Housing Wire

APRIL 27, 2021

The Consumer Financial Protection Bureau would designate the chairperson of the body. However, we must not lose sight that structural biases within the broader marketplace and among all stakeholders within real estate and lending continue to play significant roles that impact the realities of the real property market.”.

Appraisal

Appraisal Valuation Design Real Estate

CRT protects GSEs, taxpayers from unexpected disasters

Housing Wire

MAY 26, 2021

After reading the recent report from the Federal Housing Finance Agency on the performance of Fannie Mae and Freddie Mac’ s credit risk transfer programs, anyone unfamiliar with the purposes of CRT might understandably conclude that the GSEs vastly overpaid capital market investors and insurance providers to transfer credit risk off their books.

Insurance

Insurance Investors Design Finance

How 2020 raised the stakes for the mortgage industry

Housing Wire

DECEMBER 2, 2020

Sure, new online lending operations like SoFi, Better and a handful of others are taking advantage of their lack of traditional infrastructure. Digital lending is easier for companies that were born in the cloud. The cloud has helped to accelerate online and virtual processes extending into every step of the lending process.

Mortgage

Mortgage Lending Modernization Technology

WFG expands title offerings for servicers

Housing Wire

MARCH 17, 2021

WFG Title Insurance will now offer forbearance, loan modification, and foreclosure information reports as part of its general title and closing services. The company also released the MyHome platform in the fourth quarter of 2020, designed to provide transparency to every participant in the real estate transaction through immediate access.

Real Estate Agent

Real Estate Agent Clients Real Estate Insurance

Presenting HousingWire’s 2021 Marketing Leaders

Housing Wire

JULY 1, 2021

Arch Mortgage Insurance. Planet Home Lending. Supreme Lending. VP, Marketing & Design. Fairway Independent Mortgage Corporation. Jim Anderson. Chief Marketing Officer. Finance of America Mortgage. Chief Marketing Officer. Jim McDonald. Chief Marketing Officer. Joe Manning. Chief Marketing and Technology Officer.

Marketing

Marketing Advertising Real Estate Technology

Climate risk is rising. It calls for a rethinking of home insurance coverage

CFPB bans RMK Financial Corporation from mortgage lending industry

Trending Sources

HUD to allow borrowers of FHA mortgages to obtain private flood insurance

UWM cuts out title insurer with updated TRAC+ program, rolls out 0% down purchase initiative

Regulators show united front on targeted lending programs

Truv Now Integrated With Lodasoft

FFIEC issues statement of principles for examining appraisal and valuation bias

FHA proposes updates to partial claim payoff statements

Stavvy joins forces with WFG on eClosing tech solutions

‘There will be bank failures,’ Fed chief tells lawmakers

University Bank adds four reverse mortgage veterans to its HECM division

Candescent Capital Ventures Taps Adam Johnston as SVP, Chief Program Management and Valuation Officer

The Agency ventures into core services

HUD translates 19 mortgage documents into five languages to broaden accessibility

FHA reiterates loss-mitigation options as Helene devastation continues

FHA proposes updates to reverse mortgage debenture interest rates

Opinion: Housing industry gut check: Surveying the current landscape

Renovation loans get pandemic boost as homeowners want home offices

Fintech Stavvy acquires servicing tech firm Brace

Are these factors creating chaos in your mortgage lending ops?

Announcing the 2024 Class of Rising Stars!

ESSA Bank to pay $3M to settle DOJ’s redlining allegations

Mortgage Coach integrates with Polly’s PPE

Mortgage Coach, Polly team up amid a rapidly shrinking industry

Mortgage AI firm Candor conducts layoffs

StreamLoan expands into insurtech with Progressive deal

Knox Financial launches new investment property products

Rhode Island historian uses a reverse mortgage as an estate planning tool

Opinion: The elephant in the real estate room? Lowballed appraisals

Opinion: Reformed FHA program will offer lenders new business opportunities

In the race to modernize title, firms double down on software

’Not HELOC. Not piggyback.’ Freddie Mac exec defends new product proposal amid resistance

HUD launches manufactured home community loan program

CHLA: Here’s how to modernize ‘short-changed’ Ginnie Mae

Milo reaches $10M crypto-mortgage milestone

As the housing market bottoms out, educating the future mortgage pro becomes paramount

CFPB wants lenders to disclose reason for denial of credit

Redfin: Former redlined neighborhoods at massive flood risk

Stavvy’s solution securely digitizes and automates every aspect of the real estate transaction process

Appraisal bill would combat legacy of redlining

CRT protects GSEs, taxpayers from unexpected disasters

How 2020 raised the stakes for the mortgage industry

WFG expands title offerings for servicers

Presenting HousingWire’s 2021 Marketing Leaders

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