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As the housingmarket grows more competitive, rental scams are adding financial and emotional strain to renters nationwide. Respondents attributed blame to rental platforms (40%) and landlords (23%), urging better technology to prevent fraud. According to Rentlys Rental Scams and Fraud Report , 93% of U.S.
This change driven by ICE Mortgage Technologys updated standards promises enhanced efficiency, cost savings, and future-proof workflows. GridBase is a proven leader in title and lending technology, offering a seamless, coding-free solution that simplifies migration while enhancing operational workflows. Why should lenders act now?
A renewed interest in the senior housingmarket could also spur higher prices and waitlists, two things that lower-income older Americans can ill afford. A]bout 35% of seniors who could afford senior housing opt not to use it, the firms data suggests.
26 in Dallas, provided valuable insights into the forces shaping the mortgage and housingmarkets in 2025. With economists, analysts and industry leaders in the room, discussions revolved around key economic indicators, inventory shifts, technology advancements and what lenders should be doing right now to prepare for the next cycle.
Im certain weve all seen broadcasts where technology shows the pitch was clearly a ball, yet the umpire calls it a strike. There are even statistical services that rate the accuracy of baseball umpires on calling balls and strikes versus new technology. Would it be unwise to eliminate umpires because technology could do a better job?
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Ongoing supply and affordability challenges in the housingmarket have frustrated many homeowners who have looked to trade up or relocate for various reasons. Data from ICE Mortgage Technology found that tappable home equity — the amount that a homeowner can draw from while keeping a 20% equity stake — rose to a record $17.6
The HousingWire Pulse Survey for Q3 2024 provides a detailed snapshot of current housingmarket sentiments and challenges faced by real estate agents, brokers, and mortgage professionals. The survey reveals a generally cautious optimism among these sectors, despite varied expectations regarding market trends over the next three months.
As a result, lenders aim to include reliable mortgages in their securities and have technology to assess credit risk, detect fraud, and monitor performance — in order to avoid forced buybacks or losses for investors that diminish market confidence.
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Last year saw the softest home-price growth in more than 10 years, according to an analysis by ICE Mortgage Technology. Despite that and other positives, the LA wildfires are still making an impact on the housingmarket at the local and national levels. home-price growth, according to Walden.
The Dawn of a New Appraisal Era In the ever-evolving realm of technology, few innovations have garnered as much attention and promise as blockchain. This article delves deep into how blockchain is set to revolutionize appraisals, offering a fresh perspective to technology professionals keen on staying ahead of the curve.
The Federal Reserve ‘s effort to temper inflation has cooled the housingmarket that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housingmarket is the strength in new-home sales. It’s a bifurcated market in that sense. I would expect more.
HousingMarket Supply and Demand: An analysis of housing inventory trends and construction pressures affecting pricing and availability. HousingMarket Supply and Demand: An analysis of housing inventory trends and construction pressures affecting pricing and availability.
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With lower housing costs and more homes for sale, these second cities clustered in the South, Midwest, and Northeast, are likely to continue to attract movers from all over.” Ranking the Top Hot Spots Earning the top spot, Columbus, Ohio consistently ranked high among Realtor.com hottest housingmarkets and top emerging housingmarkets.
I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night. SW: ICE Mortgage Technology is known for its focus on automation. What’s the role of tech as lenders play the long game in this market?
In honor of the 2025 Tech100 nomination season, HousingWire asked leaders from last year’s Tech100-winning companies including Flueid , Vesta , Gridbase and MyHome, a Williston Financial Group Company to share some examples of how their technology has helped transform a traditional real estate and mortgage process.
Homes are still evolving in terms of technology and energy consumption, raising the need for accurate and efficient appraisals to help lenders approve mortgage loans with greater accuracy and efficiency. Only automation and technology can tackle this new demand effectively, and that’s where Jaro comes into play. Career Institute.
Those who leverage technology, data insights, and streamlined leasing processes will be best positioned to thrive in this increasingly competitive space. Moreover, as homeownership affordability continues to decline, rental market expertise is no longer optionalits essential.
As she reflects on her role in steering Anywhere through a challenging housingmarket , Simonelli shares insights into financial strategy, technological innovation, and her optimism for the future of real estate. HousingWire: What are you most excited for in the industry in 2025?
Despite several rate hikes throughout the second half of 2022, the labor market finished the year strong. And that could spell trouble for the housingmarket in 2023 as the Federal Reserve looks to bring inflation down through aggressive interest rate hikes. Very strong, according to the latest jobs report.
Department of Housing and Urban Development (HUD) is considering employing cryptocurrency and blockchain technology to monitor the employment of agency grants, which some staffers believe could be a trial run for wider deployment of the technology across the federal government. Blockchain technology has been around for 15 years.
As an industry, we observed first-hand during the pandemic the transformative power technology has over the mortgage origination process, especially with the borrower’s experience at closing. With compelling data such as this, there shouldn’t be anything stopping lenders from implementing RON technology and reaping the benefits.
The stagnant housingmarket has brokerages across the country on their knees, but The Real Brokerage isnt waiting for market conditions to improve to grow its business. Real credited its technology offerings and business model for the explosive growth in agents. Instead, its continuing to add agents at an explosive rate.
has experienced two decades of slow but steady housingmarket growth, paired with inventory growth that has suffered through both the Great Recession and the pandemic. In 2023, total inventory hit 144 million housing units, a 16.7% But even with continued building, housing supply still falls short and prices keep rising.
Additionally, rental and/or mortgage assistance will be made available to 270 veterans, along with home adaptations and critical home repairs — including the implementation of smart-home technology — for 400 veterans. Smart-home technology is becoming an increasingly important component of aging in place.
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For the past 13 years, the Tech100 program has provided housing professionals with a definitive list of the most forward-thinking organizations in the industry. This list serves as a valuable resource for mortgage lenders and real estate professionals seeking trusted partners and technology solutions to address industry challenges.
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There are multiple offers in a lot of the markets, with competitive bidding wars and people willing to close quick and waive contingency. So you have to give your clients everything you have and we focus here on is certainty and speed, utilizing our tools like Same-Day Mortgage and all the different technologies that go into our platform.
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This shift requires not only technological adjustments, but also a top-to-bottom cultural transformation within lending institutions and their missions. Updating verification workflows is not merely an understandable reaction to new technologies, but a necessity driven by market conditions, regulatory requirements, and customer expectations.
Graduates of the program commonly find job placements with lenders, technology companies, fintech and proptech firms, or title companies. Led by dean of education Jerri Herrera, the 90-day program is divided into three segments. The initial 30 days establish a foundational understanding of mortgage lending concepts.
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