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On Monday, the company announced the addition of two artificial intelligence-powered assistants to help real estate investors and mortgage brokers. Harvey will assist real estate investors while Donna is for mortgage brokers. “Real estate investors operate in a fast-moving environment.
In this HousingWire Executive Conversation, Tom Davis, Chief Sales Officer at Deephaven , discusses the opportunities in the non-QM investor loan space as we head into the new year. Davis also highlights Deephaven’s edge in products like their Ground-Up Construction and Fix-and-Flip products, offering originators essential tools and training.
From wildfires to hurricanes, floods and earthquakes, each crisis tests a servicers ability to manage compliance, borrower support and investor expectations. Investor protection: Transparency and compliance during disaster recovery Servicers also must safeguard their investors interests by delivering timely, accurate reporting.
DocMagic and Secure Insight announced Friday the launch of a remote online notarization (RON) joint training program. The goal is to establish a trusted database of notaries who have been fully trained and certified on DocMagic’s Total eClose platform.
The Charlotte-based company provides tools and training resources for mortgage loan originators looking to impact the market. Key non-QM products for 2025 Before 2025 continues, lenders should arm themselves with the right tools for tackling the market: Investor loans Investing is the vehicle to success for homeowners in the market.
The announcement, made in a YouTube video featuring Rocket Pro TPO Executive Vice President Mike Fawaz and Divisional Vice President Nathan Kyle, also advertised the company’s upcoming “Pro Performance Sales Training” efforts, slated to occur on Nov. Rocket’s new offering debuts roughly one a week ahead of its Nov.
Building trust with partners, investors, and agencies requires proactive communication about risks and corrective actions, she said. The road ahead: Automation and training Looking to 2025, both Holloway and Mercado are focused on leveraging ACES automation capabilities to manage increasing data volumes and regulatory complexities.
Deephaven offers great, hands-on training that quickly gets brokers comfortable with the process and submitting loans. Our role is to lead the adoption of non-QM by the wholesale broker community through product innovation, great training and fantastic support for both brokers and borrowers.”. Tom Davis, Chief Sales Officer.
Revenue can also skyrocket, as well-trained staff with the right servicing software can service 700 or more loans individually. Servicers can automate critical tasks, such as investor reporting and compliance, to streamline workflows and position in-house servicers to win with speed.
Glover U Inner Circle Run by top agent and national coach Jeff Glover, this Facebook group is a great way to get a taste of the training GloverU offers for free. Use these groups to find homes for picky buyers or find deals for your investor clients. Join Real Estate Mastermind 5. Join Empowering Women 14.
The collaboration will allow Capital Fundings’ borrowers to receive personalized investor insights. Privy’s real estate investment platform features different services tailored to assist investors. For instance, it can help investors identify real estate deal opportunities and and assess off-market deals efficiently.
We have expanded our team member training to [include talking to customers] about their home value and equity if the customer truly can no longer afford the home and none of the retention options are available or appealing to the customer. When AI is done right, both the homeowner and the servicer come out ahead.
I think they’re inviting a class-action lawsuit by sellers who get hurt in this very concentrated effort and maybe a visit from the Department of Justice , Leo Pareja , the CEO of eXp Realty , said recently on his firms fourth-quarter 2024 earnings call with investors. Pareja isnt the only executive who feels this way.
During slower periods, lenders should: Conduct thorough assessments of their QC programs Update policies and procedures Provide additional training to staff Implement new technologies to enhance QC processes By investing in these areas during downtime, lenders position themselves for success when the market inevitably picks up again. .”
“It’s oddly enough in states where people are leaving,” said Florida-based real estate investor Paul Lizell of the markets where he is more focused on acquiring investment properties in 2024. Tritt, who owns Tritt Realty , said he recently talked to another local investor who purchased a property at foreclosure auction.
For the real estate investors among us (or as a great gift for your investor clients), check out Profit First for Real Estate Investors, written by David Richter with Mike Michalowicz. She developed training materials, classes, and coaching programs for her fellow introverts.
I am extremely pleased with our results this quarter and am looking forward to navigating the changes ahead from a position of strength,” Real CEO Tamir Poleg told investors and analysts during the firm’s Q1 2024 earnings call Tuesday morning. billion and an 88% year-over-year increase. “I
The complexities of serving borrowers under the CARES Act require lenders, servicers and investors to partner with a mortgage services provider who has the expertise and national network to provide high-touch support to its clients. We are a solution provider,” said Keith Murray, president and CEO of VRM.
Brokers, especially those dealing in the default and real estate owned (REO) business, should strongly consider becoming HUD certified housing counselors or, at the least, undertake the training in order to improve skills helping distressed, low income, or first-time homeowners.
Repurchases have been a hot topic for lenders, and to some degree, the agencies and investors have gotten a bad rap in these discussions,” said Nick Volpe , executive vice president of ACES Quality Management. “ We’ve been training it just so you can ask a question, and it can give you the various guidelines in response,” Smith explained.
Incoming underwriters and operations managers undergo extensive training that keeps them updated on the latest non-QM products. Or, perhaps a real estate investor is looking to finance a rental property using the rental income as proof of their ability to repay. That experience matters.
Like a slow-motion train wreck at first, it is now definitively off the rails and heading over a cliff. Chinese real estate investments extend beyond their borders and if those investors suddenly need to liquidate those assets to cover losses at home , many countries real estate markets could be negatively impacted. in 2008 and 2009.
As for investors, the GSEs were pretty much the only ones accepting eNotes. The landscape of investors accepting eClosed loans and eMortgages has grown exponentially. There was not yet a program for securitizing government loans. But this is all changing. There are 39 states that have passed RON laws.
Co-founded in 2019 by Tim Herman and Louis Wilson, the lender and “power buyer” allows homebuyers to make all-cash offers to compete with institutional investors. Over the last two years –when mortgage rates were minuscule and refi opportunities were abundant – UpEquity was able to raise over $70 million from investors.
Specific factors include higher debt-to-income ratios, self-employed borrowers who can’t qualify using tax returns, less than seven years out of a credit event such as a foreclosure, or real estate investors with more than 10 properties. There are high income and high-net-worth self-employed borrowers and real estate investors in every town.
Arming your origination team with the right technology and training to manage consistency, compliance and brand recognition on social media is worth the investment – not to mention the peace of mind. Training Loan Officers on Compliance Issues. Ongoing Training and Monitoring. Discussing Privacy Concerns.
We pivoted to virtual summit attendance and increased webinars, White Papers, certification training, amicus brief participation, and CLEs. I look forward to more client on-site training opportunities, fun marketing events, summits, and aggressively staying ahead of everyone else in educational and training needs.”
Non-QM borrowers such as those who are self-employed and real estate investors are generally less rate sensitive. In fact, a growing focus is the real estate investor population. with 85% owned by individual investors and LLCs based on 2021 U.S. The reasons for the success of non-QM lies partly in the composition of borrowers.
CAPE Analytics has unveiled a new, AI-powered , automated property condition report (aPCR) tool crafted for institutional lenders, whole loan investors, and real estate investors. The data can also be accessed via an API, in bulk data, or through a dynamic web application.
While Reffkin was happy to discuss Compass’ performance in 2023, he told investors and analysts during his prepared remarks that he would not be answering any questions about the commission lawsuits during this call or any calls in the future. This has resulted in buyer agency agreements becoming standard practice for Compass agents.
Recent cyberattacks at mortgage companies have put the industry in alert mode, executives at top lenders, servicers, tech vendors and investors told HousingWire. Reputational risk Mortgage companies, tech vendors and investors are taking steps to protect their systems. Training their workforce is also crucial, they said.
In down markets, the best agents and the best brokerages gain market share,” Reffkin, the CEO of Compass, told investors and analysts during his firms first-quarter 2024 earnings call on Wednesday evening. “We Third, Compass agents have doubled down on training to help them better communicate their value proposition.
The bottom line though is the fact that non-QM is not going away because there will always be non-QM borrowers such as self-employed and real estate investors who don’t qualify under Agency guidelines. We have trained originators on non-QM while they closed their first non-QM loan.
I can tell you that these people don’t have the training to read housing or economic data correctly. The lack of training and not making COVID-19 adjustments to data creates a false sense of reality for housing crash people, and some were pushing the negative year-over-year data as a legit premise for sales to collapse.
Her experience has landed her several speaking engagements at training seminars, conferences, and continuing legal education courses on real property issues. We achieved this through a series of impactful conferences, engaging webinars, on-site servicer training sessions, servicer certification courses, and our regular publications.
Sean McGowan tapped to head HR, training and company culture, while Shannon Clay joins BSI to manage investor reporting, reconciliations, and cash management initiatives. The post BSI Adds Two Seasoned Vets to Drive HR and Investor Reporting appeared first on DSNews.
Mortgage loan buybacks, often referred to as repurchases, occur when a loan sold to an investor or GSE fails to meet the agreed-upon underwriting, legal, or regulatory standards. Loan buybacks also harm investors by introducing volatility and diminishing returns. Documentation issues : Missing or inadequate documentation.
“That created inefficiencies so that one couldn’t send trains across borders,” Bowler said in an interview with HousingWire in Las Vegas during the recent ICE Experience 2025 event. Second, we want to be able to send the train back on those rails. meter gauge. That’s critical to us.
We can expect GSEs and investors to be looking more closely at loans originated during this time-period. With the rapidly changing environment, we recommend partnering with tech-enabled and trained experts that handle QC across many lenders as it means they understand and see the landscape to provide the best enterprise loan quality service.
Whether our client is the originator or the investor, we always review the loan to the parameters provided and report accordingly. We have an entire Quality department that not only tracks quality and provides any necessary training at the individual level but also is proactive in providing training for loan types we haven’t seen recently.
RE/MAX executives were not shy about acknowledging the uncertainty that is currently plaguing the real estate industry during the firm’s first-quarter 2024 earnings call with analysts and investors Friday morning. These training materials highlight four items RE/MAX believes agents and brokers should be focusing on right now.
Additionally, modern mortgage servicing software and Application Programming Interfaces (APIs) automate investor reporting and compliance and create a more efficient workflow, effectively allowing servicers to service loans in-house to maximize their advantages.
By integrating it with Servicing Gateway, users are now able to access policies and training related to their tasks or transactions, resulting in faster processing. According to Freddie Mac, when Servicing Gateway launched, the platform saved an average of six to 10 clicks for investor reporting users.
You can also create messaging for your investor clients to inform them of possible investment opportunities. For example, your investor clients probably wont be interested in a first-time home buyers checklist, and you most likely wouldnt want to send information about 1031 exchanges to the first-time home buyers in your database.
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