Housing Wire

OCTOBER 3, 2024

EasyKnock , which offers sale-leaseback solutions to homeowners, announced a legal victory in Texas on Wednesday as it was awarded more than $153,000 by an arbitrator. The company has been fighting legal battles on multiple fronts through a series of consumer-initiated lawsuits and actions by regulators in several states.

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Housing Wire

SEPTEMBER 23, 2024

A spokesperson for CCM said the company “does not comment on legal matters.” 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.

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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.

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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

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Housing Wire

JUNE 4, 2024

In practice, the CFPB said companies are using terms and conditions that make consumers give up certain legal rights and protections. On Tuesday, the U.S. consumer financial watchdog released a circular warning companies that use ”fine-print tactics to trick consumers” about the risk of violating the Consumer Financial Protection Act.

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Housing Wire

AUGUST 2, 2021

Technology has streamlined the real estate industry, but it has also left the industry confused on how to bring the myriad of regulations, documents and requirements together into a cohesive, simple and secure experience that benefits all parties involved. .

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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.

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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. million settlement will cover legal costs. A judge in Arizona has approved a $3.5

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Housing Wire

MAY 21, 2024

Rocket Mortgage has entered into a settlement agreement with a group of current and former employees who have alleged the company did not provide sufficient overtime pay, according to court documents reviewed by HousingWire and reporting at Bloomberg Law. million settlement will go to cover legal costs. Nearly 30% of the $3.5

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Housing Wire

JANUARY 3, 2024

Compu-Link Corporation , the servicer said that the recommendation was made on a more procedural basis rather than the actual merits of Celink’s original motion to dismiss “without prejudice” — meaning it can be refiled at a later date if granted — according to court documents reviewed by RMD.

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Housing Wire

APRIL 11, 2023

The home-buying process involves numerous steps, documents and parties that you have to work with. They also help to prevent fraud and ensure that the sale is conducted legally and ethically. By having a neutral third party manage the transfer of funds and documents, the sale can be completed quickly and efficiently.

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Real Estate Legal Sellers Technology 397

Housing Wire

OCTOBER 23, 2023

The first week of the much-anticipated Sitzer/Burn e tt class action buyer broker commission antitrust lawsuit concluded with the testimony of economic and legal experts. Roger Alford, a law professor from Notre Dame, was also called to testify on Friday. Ketchmark is expected to rest the plaintiffs’ case by the end of the day Monday.

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Housing Wire

APRIL 24, 2023

However, neighborhoods with associations or other “common interest communities” with legally-binding zoning rules would be exempt, according to the Seattle Times. We can’t go back and retroactively change the conditions that have been signed into in those legal documents,” Bateman said.

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Housing Wire

MARCH 8, 2024

The lawsuit follows a legal battle that started after three of Movement’s veteran sales executives—Deran Pennington, Matt Schoolfield, and Chris Shelton — left for Summit in July 2023. The document established his relationship with the lender, which included recruiting personnel and responding directly to Scrima.

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Housing Wire

JANUARY 10, 2024

According to the document, the award arises from “Defendants’ breaches of their employment agreements and violations of their other legal duties during their employment in Washington.” A spokesperson for CCM wrote that the company “does not comment on legal matters.”

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Housing Wire

OCTOBER 16, 2020

The state has no legislation permitting RON, and has even gone so far as to write to Congress opposing proposed bills that would make RON legal in all 50 states. California has distinguished itself as the state that may never accept remote online notarization (RON). The rest of this content is for HW+ members. Already a member?

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Housing Wire

JANUARY 3, 2024

According to a document filed last week with the Securities and Exchange Commission , Reffkin is relinquishing $25 million in performance-based restricted stock unit awards in exchange for a $7 million cash bonus. For the changes to Reffkin’s compensation plan alone, Compass will pay $25,000 in legal fees, according to the SEC filing.

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Housing Wire

SEPTEMBER 18, 2024

In a document filed with the Securities and Exchange Commission on Monday, Fathom notified shareholders of its decision to settle the antitrust claims related to the Siter/Burnett suit. Fathom Holdings , the parent company of Fathom Realty , has joined the list of corporate brokerages to settle the commission lawsuits.

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Housing Wire

NOVEMBER 17, 2023

The transition of three veteran sales executives from South Carolina-based lender Movement Mortgage to its California competitor Summit Funding led to a legal battle over poaching. Increasing the tone of the legal battle, Pennington filed a counterclaim against Movement requesting about $9.8 million in unpaid compensation.

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Housing Wire

DECEMBER 5, 2024

and CoStar are back at their battle stations as CoStar and James Kaminsky , the employee at the center of the companies’ legal fight, filed their replies to Move’s second amended complaint on Tuesday. He also said he used his Move email account to grant access to certain Move documents via his personal email address.

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Housing Wire

MAY 20, 2024

It aims to allow any person or business to legally notarize a document online through a web portal or dedicated mobile application after users go through an identity verification process. Proof is a financial services company that primarily offers an online notary platform.

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Housing Wire

NOVEMBER 9, 2020

The model legislation creates legal certainty across the country by providing a uniform and consistent framework that is based on a common set of core principles. All states — except Illinois and New York — have legalized electronic transactions, signatures and notarizations by enacting the Uniform Electronic Transactions Act (UETA).

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Housing Wire

JANUARY 30, 2024

This is according to court documents reviewed by RMD. The government contends that TCB’s discovery targets are overly broad and also would be burdensome in terms of gathering documents and information. The attorneys say that prior legal cases have established that such questions must be considered before commencing with discovery.

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Housing Wire

OCTOBER 10, 2024

Tax payment history, legal documents and zoning information are also available at the push of a button. Araya’s data will come from CoreLogic‘s 360 Property Data suite, which offers property and marketing intelligence.

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Housing Wire

DECEMBER 15, 2023

It’s the latest salvo in a legal battle that started after the three of Movement’s veteran sales executives — Deran Pennington, Matt Schoolfield and Chris Shelton — left for Summit in July. ” attorneys for Movement wrote in the document, which was filed on Dec. 12 in the U.S.

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Housing Wire

OCTOBER 27, 2023

Admittedly, the myriad of documents requiring signatures can be overwhelming, especially for first-time homebuyers. The Real Estate Settlement Procedures Act (RESPA) ensures that homebuyers always have the legal right to consider alternative title insurance providers and can never be forced into using a particular provider.

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Housing Wire

JANUARY 11, 2024

Included in the filing as attachments are the guaranty agreement for the Ginnie Mae HMBS program, a declaration in support of the government’s position by Ginnie Mae’s SVP for the Office of Issuer and Portfolio Management, a document detailing conditions of default in the program dated Oct. District Court for the District of Delaware.

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Housing Wire

FEBRUARY 1, 2024

Stavvy is a truly comprehensive digital closing platform, the only solution to offer a SMART Doc engine that extends the savings, efficiency and security of eNotes to all mortgage documents for all loan programs and across all 50 states while supporting every type of eClosing and eNotarization.

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Real Estate Legal Technology Clients 334

Appraisal Buzz

JULY 22, 2024

Iannitti is credited with automating the loan document preparation, management, and delivery processes; pioneering eVault and eSign capabilities; introducing the first end-to-end eClosing platform; and many other notable mortgage technology advancements. in 1987, with a vision to streamline the mortgage process and eliminate the reliance on.

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Housing Wire

SEPTEMBER 23, 2024

The judge also took issue with Move’s failure to engage in discovery with James Kaminsky, the employee at the center of the legal battle, and he characterized the inconsistencies with Kaminsky’s initial account of the events as “minor/trivial.” That is because the truth is anathema to Move’s case,” Boxer wrote.

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Housing Wire

APRIL 24, 2023

The document brings 12 antitrust counts, including claims related to Michigan, California, Florida, and Texas statutes. The document cites companies such as Wells Fargo, which reduced its presence in the channel, and loanDepot , a competitor that exited the wholesale space in 2022.

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Housing Wire

MARCH 30, 2023

“As a result of a sale of a portion of its business, Homebridge Financial will terminate all of its retail operations,” Philip Schild, the company’s general counsel, wrote in the document. According to the document, employees will be paid their wages or salaries up to their termination date.

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Retail Loan Officers Legal Technology 435

Housing Wire

JULY 29, 2024

Mortgage lenders loanDepot and Movement Mortgage have agreed to end a one-year dispute over the poaching of employees, according to a document filed Friday in a district court in Delaware. For example, loanDepot has an ongoing dispute with CrossCountry Mortgage in New York, while Movement has a legal battle with Summit Funding.

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Mortgage Loan Officers Legal Finance 443

Housing Wire

MARCH 14, 2024

This is according to court documents reviewed by RMD. Hild and his legal team have consistently maintained that the restitution figure should be lower and, in the case of some companies, should be $0.

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Government Legal Mortgage 448

Housing Wire

MAY 4, 2021

. “And since there’s no limit to the number of documents you can execute through QuickSign, organizations can use it for sales contracts, legal or human resource documents as well.” Currently, 32 U.S. states allow full eClosings. RON bills have also been introduced in several other states, and at the federal level.

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Tools Human Resources Technology Real Estate 379

Housing Wire

NOVEMBER 20, 2024

The balance request includes additional damages for legal fees and a jury trial. The latest filing does not include details on the collateral, only to say it includes cash, investment property, intellectual property, equipment and documents, among other things. million promissory note Side extended in April.

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Housing Wire

JULY 3, 2024

the parent company of Realtor.com , is suing CoStar Group , the parent company of rival Homes.com , over the alleged theft of portal data and documents. Move alleges that Kaminsky accessed Realtor.com documents through June of this year without being detected, despite leaving the firm in January and joining CoStar in March.

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