Housing Wire

JULY 16, 2024

Combined with ConformX ® , our digital document generation engine, lenders gain a complete suite for their document solution needs. Product Fast Facts #1 ConformX is the leading dynamic document generation system in the industry, and generates document sets in an average of 11 seconds. #2

Agents 425

Agents Mortgage Technology 425

Housing Wire

APRIL 9, 2024

Rocket Mortgage ’s bet on artificial intelligence (AI) has resulted in a patented platform called Rocket Logic, which can automatically process nearly 90% of data points extracted from documents in a month and reduce by 25% the number of times a professional interacts with a mortgage loan year over year, the company claims.

Clients 482

Clients Technology Investing Finance 482

Housing Wire

OCTOBER 2, 2024

United Wholesale Mortgage (UWM) announced new enhancements to its artificial intelligence -based chatbot on Wednesday, including the ability for brokers to “chat with documents,” calculate income immediately and help identify products that match borrowers’ needs.

Technology 448

Technology Clients Tools Mortgage 448

Housing Wire

OCTOBER 9, 2024

In the suit, Move alleges that Kaminsky stole documents and trade secrets from Realtor.com, which he then provided to CoStar to fuel the rapid growth of Homes.com. Move also continues to allege that Kaminsky shared the documents he accessed with CoStar, which it claims CoStar used to boost user traffic on Homes.com.

Law 429

Law Legal Real Estate 429

Housing Wire

OCTOBER 23, 2024

Homebuyers received real-time updates on loan status, automated document submission and access to e-signature tools. Digital document submission tools stood out as the most valued among homebuyers, with 91% using these features to update all of their documents.

Mortgage 457

Mortgage Loan Officers Tools Technology 457

Housing Wire

APRIL 22, 2024

A digital certificate is like a unique private key assigned to an individual and enables notaries to digitally sign a document using cryptography. Proof documents have a legal identity that you can instantly trust,” Pat Kinsel, CEO of Proof, said in a statement.

Legal 425

Legal Technology 425

Housing Wire

AUGUST 29, 2024

AIVA Assist Processing Providing loan officers, processors and underwriters with a better way to calculate income, review assets and look for discrepancies when borrowers provide documents for verification. At Dark Matter Technologies, we’re leading the tech-driven revolution in loan origination.

Technology 427

Technology Loan Officers Development Marketing 427

Appraisal Buzz

OCTOBER 24, 2024

Nearly half (46%) said their loan officer contacted them directly via phone or email when additional information or supporting documents were required. The survey results highlight an important nuance in consumer expectations during the mortgage process,” added Moskver.

Loan Officers 425

Loan Officers Technology Tools Development 425

Housing Wire

APRIL 9, 2024

HOA requirements and documentation: a case in point. As a case in point, let’s look at the settlement requirement to navigate homeowners associations (HOA) and their vast and disparate array of documents and requirements. The result is thousands of HOAs with thousands of varying requirements and mounds of varying documentation.

HOA 464

HOA Real Estate Technology Investors 464

Housing Wire

SEPTEMBER 23, 2024

According to the lawsuit, Smith’s supervisor also directed her to commit mortgage fraud by altering documents and hiding or changing borrower information to make them qualify for home loans, which she said she constantly refused to do. For example, Smith claims her supervisor demanded in May 2023 that she remove a $1.5

Mortgage 472

Mortgage Legal Loan Officers Retail 472

Housing Wire

DECEMBER 26, 2023

.” “Based on our investigation, we understand that your name, address, social security number, and loan number may have been obtained by the unauthorized third party,” the document states. District Court for Central California. Other companies that were also the target of cyberattacks over the last few months include Mr.

Law 505

Law Contracts Insurance Clients 505

Housing Wire

JUNE 12, 2024

government have requested an extension of deadlines related to discovery in the case brought by Texas Capital Bank (TCB) against Ginnie Mae over the extinguishment of a priority lien tied to the loan portfolio collateral of Reverse Mortgage Funding (RMF), according to court documents reviewed by HousingWire ’s Reverse Mortgage Daily (RMD).

Government 418

Government Law Contracts Development 418

Housing Wire

JANUARY 8, 2024

The document mentions the date of earliest event reported as Jan. ” Grassi told state officials that loanDepot manually reviewed 42,440 documents from the exposed email accounts for the presence of personal information, which indicated 1,364 impacted individuals nationwide (including one in New Hampshire). ”

Technology 518

Technology Mortgage Insurance Business 518

Housing Wire

MARCH 28, 2024

Other complex and time-consuming tasks addressed by improved technology include title searches, document preparation, lien releases, and even the closing itself, as RON and digital closings gain adoption rapidly. A document might be needed closer to the closing date or as soon as a few days after the start of the process.

HOA 487

HOA Property Management Real Estate Agent Technology 487

Housing Wire

OCTOBER 21, 2024

The document states that the plaintiffs undervalued a homeowner’s property based on her race in an appraisal made in 2021 in Denver. The document states that loanDepot “should not utilize appraisers who have previously been found to have discriminated in an appraisal by a regulatory body of court of law.”

Appraisal 511

Appraisal Reconsideration of Value Law Valuation 511

Housing Wire

OCTOBER 22, 2024

AI-Enhanced Document Review: The incorporation of Dara AI automates document review processes, enabling quick identification of issues and exceptions. Cost Reduction: Dara has demonstrated the potential to reduce loss mitigation-related costs per loan by 60-70%, representing a substantial increase in operational efficiency.

Mortgage 442

Mortgage Modernization Technology Design 442

Housing Wire

MAY 15, 2024

But that is not the case when someone signs a document or makes an authorization, as there is little protection against impersonation or forgery. These transactions carry enormous economic value but also create billions of dollars in liability for businesses when documents are falsified,” the release states.

Tools 431

Tools Real Estate Business Technology 431

Housing Wire

JUNE 17, 2024

The government contends that by executing a tail agreement with RMF, the bank agreed “that Dallas County, Texas, where TCB is headquartered, would be the exclusive venue for ‘any litigation involving [the tail agreement] or any loan document,’” the filing reads. TCB’s lawsuit ‘involve[s]’ both the tail agreement and loan documents […].

Government 444

Government Mortgage Law Contracts 444

Housing Wire

AUGUST 29, 2024

The CFPB stated that consumers may have received several other federally mandated disclosure documents with accurate cost information but raised concerns about “ churning ,” which happens when lenders repeatedly push veterans to refinance their V.A. home loans.

Loan Officers 428

Loan Officers Law Mortgage Insurance 428

Housing Wire

AUGUST 19, 2024

Kaminsky spied on Move’s confidential documents at least 37 times after CoStar hired him.” According to the filing, Kaminsky only stopped accessing the documents after a Move employee discovered him in an allegedly confidential Move filing in real time, at which point Move blocked him from accessing the documents. “Mr.

Real Estate 434

Real Estate Business Law Contracts 434

Housing Wire

FEBRUARY 23, 2024

Real estate agents, in particular, deal with extensive personal details during transactions, ranging from financial records to identification documents. Whether it’s CRM software , document management systems, or communication platforms, prioritizing data security is paramount.

Real Estate 468

Real Estate Real Estate Agent Training Tools 468

Housing Wire

MAY 20, 2024

While there are dozens of changes published throughout the full document, Section II B that encompasses guidance for the HECM program received numerous updates on several different topics. These updates follow a long-awaited overhaul of the HECM sections of the handbook published in late 2023.

Reconsideration of Value 457

Reconsideration of Value Mortgage Inspection Insurance 457

Housing Wire

DECEMBER 5, 2024

While he admitted to being part of Realtor.com’s News & Insights team, he denies that he “ran” the department or “regularly accessed” certain documents. He also said he used his Move email account to grant access to certain Move documents via his personal email address. 11 and June 3, 2024.

Legal 368

Legal Investing Marketing Real Estate 368

Appraisal Buzz

SEPTEMBER 1, 2024

In July, HUD, through the Federal Housing Administration (FHA), made available translated versions of 19 single-family mortgage documents used in the servicing of FHA-insured mortgages. These documents will be available in Chinese, Korean, Spanish, Tagalog, and Vietnamese.

Insurance 360

Insurance Clients Training Law 360

Housing Wire

JUNE 7, 2024

She later discovered that unknown fraudsters had forged and filed documents to make it look like her house had been sold at a foreclosure sale. For centuries, the notary public was the stalwart guardian against forged deeds , ensuring that every signature was genuine, and each document bore the official seal of authenticity.

Insurance 481

Insurance Legal Technology Development 481

Housing Wire

SEPTEMBER 9, 2024

Regarding document availability and translations, unnecessary translations could add unneeded complexity to the servicing communications process, CHLA said. This also applies to instances in which a borrower has completed a supplemental information form as part of their loan application.

Law 441

Law Lending Mortgage Marketing 441

Housing Wire

JULY 30, 2024

Due to the layoff, Kaminsky said he downloaded personal financial documents such as paystubs and W-2 forms, as well as his recent performance reviews and thank-you notes from staff, as he wanted to have access to these things for personal, tax and financial reasons. “I The documents did not in my view contain highly sensitive materials.

Legal 330

Legal Advertising Technology Development 330

Housing Wire

JUNE 4, 2024

The company that aimed to instigate the auction did not appear to be real, and the documents supporting their claim were suspect, according to reporting from the The Associated Press. The first is to be alert to early warning signs, since a scammer will often try to impersonate you with forged documents.

Mortgage 487

Mortgage Insurance Real Estate Sellers 487

Housing Wire

JULY 16, 2024

3 Besides portfolio monitoring, our tool offers property ownership / fast legal & vesting reports and access to externally sourced document images. . #2 Our platform provides updated insights through continuous monitoring for each property in your portfolio through dashboards, reporting, self-service capabilities, and more. #3

Legal 445

Legal Valuation Tools Investors 445

Housing Wire

JUNE 13, 2024

million settlement agreement between Rocket Mortgage and current and former employees who alleged in a class-action-seeking lawsuit that the company did not provide sufficient overtime pay, according to court documents reviewed by HousingWire. A judge in Arizona has approved a $3.5 District Court Judge Douglas L. million to class members.

Legal 434

Legal Development Mortgage 434

Housing Wire

JUNE 12, 2024

These firms provide an array of services including listing, marketing , customer relationship management (CRM), accounting and document distribution solutions. According to Real, all of the businesses in its partner program have been hand-selected by the firm. The brokerage is still accepting applications for its partner program.

Brokerage 468

Brokerage Agents Tools Real Estate 468

Housing Wire

AUGUST 29, 2024

Product Fast Facts #1 The IDIS analyzes datasets to create comprehensive data dictionaries, eliminating manual documentation efforts, and predictively maps datasets to destination tables, column for column, generating necessary SQL queries for integration. #2 3 The system also enables natural language interaction with the data.

Brokerage 431

Brokerage Insurance Clients Marketing 431

Housing Wire

FEBRUARY 13, 2024

Logan’s correspondent and wholesale channels focus on nonagency products such as debt-service-coverage ratio (DSCR), bank-statement, full-document jumbo and asset qualification loans. Established in 1949, Logan Finance Corp. Logan Finance Corp. is licensed in 46 states and Washington, D.C.

Finance 470

Finance Retail Lending Mortgage 470

Housing Wire

MAY 10, 2024

The documentary stamp tax “is an excise tax imposed on certain documents executed, delivered, or recorded in Florida ” according to the state’s Department of Revenue. The new law, House Bill (HB) 7073 , changes the way the state’s “documentary stamp tax” can be applied to reverse mortgages, among other provisions related to taxation.

Law 434

Law Mortgage Real Property 434

Housing Wire

MARCH 26, 2024

Court documents filed on March 22 show that the lender and plaintiffs Nathan Connolly and Shani Mott — the latter a scholar of Black studies at Johns Hopkins University who died March 12 in Baltimore of adrenal cancer — agreed with a voluntary dismissal with prejudice.

Appraisal 443

Appraisal Reconsideration of Value Valuation Mortgage Appraisal 443

Housing Wire

JUNE 12, 2024

It requires the GSEs to “increas[e] the liquidity of mortgage investments and improv[e] the distribution of investment capital available to facilitate a secondary market for residential financing for very low-, low-, and moderate-income families in those underserved markets,” according to the document outlining the request for information.

Marketing 430

Marketing Finance Investing Government 430

Housing Wire

OCTOBER 15, 2024

There was a decline in loan programs for cash-out refinances , jumbo and non-QM loans , including loans that require less than full documentation. Most component indexes decreased over the month, but the government index increased, driven by more offerings of VA streamline refinances.”

Mortgage 432

Mortgage Government Marketing Technology 432