Housing Wire

JUNE 11, 2024

We were fortunate enough to have Duane Gilkison, senior director of loan quality at Fannie Mae, present during our recent ACES ENGAGE conference in Tucson, and our findings seem to be in line with the downward trend in both initial and final defect rates Fannie Mae has observed in the 2023 loan acquisitions from its seller/servicers.

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Lending Clients Mortgage Training 446

Housing Wire

MAY 2, 2022

Presented by: Acra Lending. Interfirst boasted of its ability to train people with no background in mortgage through a rigorous training course. Interfirst is a mortgage business founded in 2001 by Dmitry Godin that has been harmed before by market downturns.

Human Resources 397

Human Resources Loan Officers Retail Training 397

Appraisal Buzz

JULY 9, 2021

As organizations scrambled to meet the demands presented by the marketplace over the past year, AXIS Lending Academy opened its doors to provide training for those interested in a career in the mortgage profession. . The post Expert Insights: Paul Gigliotti, President, AXIS Lending Academy appeared first on theMReport.com.

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Lending Training Appraisal Mortgage 150

Housing Wire

MAY 23, 2023

It’s a problem, it’s real, it’s documentable,” said Shannon Johnson, Touchless Lending product manager at Tavant. At Tavant , they’re taking a look at the past and present of appraisals to prepare for a better future. We often hear the statistic that the average appraiser is a 57-year-old white male.

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Technology Appraisal Lending Valuation 397

Housing Wire

SEPTEMBER 3, 2024

This commitment includes increasing educational efforts through more training sessions, improved communications and personalized consultations with our borrowers,” Robinson said. This would go doubly in a more favorable rate environment. It is very important for lenders to make sure the cost to benefit makes sense for the borrower.

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Mortgage Clients Finance Business 468

Housing Wire

OCTOBER 14, 2021

But don’t expect UWM to jump aboard the crypto train just yet. Building the next generation of tech: Three ways to digitize home lending. The home lending industry has a massive opportunity to digitalize to create efficiencies and to deliver a simpler end-to-end user experience that would benefit both borrowers and servicers.

Technology 397

Technology Lending Training Mortgage 397

Housing Wire

JULY 29, 2024

The sprint culminated with a demo day on Thursday where 12 teams presented their solutions to a panel of technology, regulation and housing experts. At FHFA’s first-ever tech sprint last year , the focus was on the front end of mortgage lending and increasing tech adoption. Below is a summary of all 12 gen AI proposals.

Tools 360

Tools Training Tenants Property Management 360

Appraisal Buzz

MAY 9, 2022

Presently, there are several new rules and regulations that could result in major USPAP violations, but those rules vary upon the state, county and/or township. Presently, the log home industry is run and funded by the larger log home suppliers. Finally, a new training manual has been created by the Log Home Council.

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Valuation Legal Construction Appraisal 396

Housing Wire

MARCH 14, 2022

From my perch as the CEO of a digital lending platform, the past two years have witnessed a sea change in technology adoption. For years, technology was an expensive, hard-to-implement but required solution to a problem lenders were experiencing in the present moment. The path to digital lending. It did not always work so well.

Mortgage 369

Mortgage Technology Tools Lending 369

Housing Wire

AUGUST 15, 2023

Defendants also said they had to attend mandatory training and tests without compensation. A spokesperson for Rocket said the company “will vigorously defend the reputation we have built by doing the right thing for our team members and we are confident we will be vindicated from the false allegations once the facts of the case are presented.”

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Training Technology Law Mortgage 370

Housing Wire

JULY 25, 2022

Communication, borrower education and training of consumer-facing staff are all critical elements to ensure your servicing operation is properly prepared to help borrowers as they exit forbearance plans. Presented by: Selene Finance. Louisiana followed at 2.11% and Alabama was third at 1.77%. . What will servicing look like in 2022?

Mortgage 370

Mortgage Training Inventory Lending 370

Housing Wire

JULY 20, 2021

The ideal real estate agent-lender relationship is symbiotic: the agent earns trust with their borrowers by connecting them with a great lending resource, while the lender receives a steady stream of business from the agent. Presented by: Maxwell.

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Real Estate Agent Brokerage Real Estate Realty 418

Housing Wire

DECEMBER 16, 2021

Both the news itself and how it was presented – with neither company CEO Sean Black nor Chief Operating Officer Jamie Glenn addressing the affected employees – caused a firestorm within the company’s virtual corridors. More broadly, the mortgage refinancing gravy train has skidded off the tracks for several lending companies.

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Loan Officers Real Estate Agent Real Estate Agents 418

Appraisal Buzz

NOVEMBER 8, 2024

In its latest Lending Intelligence Report, J.D. While deciding to retire past technology in lieu of new advances is a common occurrence, training on new tech and maintaining upgrades becomes a cost-consideration that management must weigh. Power examines artificial intelligence and its emergence in the mortgage marketplace.

Mortgage 389

Mortgage Investing Technology Training 389

Housing Wire

MAY 20, 2021

Accurately establishing a home’s value is not just an important factor in real estate transactions and mortgage lending, it is integral to household wealth creation, as homeownership continues to be one of the primary pathways for Americans to build wealth. This type of bias and discrimination could happen in any neighborhood.

Appraisal 505

Appraisal Valuation Technology Training 505

Housing Wire

FEBRUARY 17, 2022

Fairway Independent Mortgage Corporation , Fairway Wholesale Lending and the American Warrior Initiative (AWI) wrapped up last year by granting 16 service dogs to 16 veterans in a timespan of less than one hour. It has not, however, been a smooth ride to get to this point, with the COVID-19 pandemic bringing hardship to the cause.

Training 370

Training Lending Clients Mortgage 370

Housing Wire

APRIL 2, 2021

It also provides IT infrastructure experts, back-office support, and training for the franchisee. How hybrid title and valuations help increase lending efficiency. Presented by: Altisource. “The process is quite arduous if you want to start it on your own. .” Streamline by combining services.

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Insurance Agents Training Valuation 363

Housing Wire

JANUARY 14, 2021

Presented by: SimpleNexus. In the past, the mortgage industry operated based on the assumption that customers needed to speak to somebody in person to help them understand the complex issues related to lending. There were not enough workers when rates dropped at the very start of the peak production season in lending.

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Mortgage Technology Business Tools 501

Housing Wire

JANUARY 19, 2022

million in corrupt proceeds laundered through the purchase of a Potomac, Maryland, mansion via a trust — indicate that consideration of any proposed rule should also include the risks presented by U.S. “FinCEN notes that recent high-profile Department of Justice enforcement actions —including a forfeiture action to recover an alleged $3.5

Real Estate Agent 468

Real Estate Agent Real Estate Agents Insurance 468

Appraisal Buzz

AUGUST 12, 2024

The dynamic nature of the new UAD and the scope of work concept also present a challenge for appraisers in pricing their services. TRID is a set of regulations that combine the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). If an appraiser’s software does the job and they are used to it, why change?

Appraisal 370

Appraisal Inspection Lending Training 370

Housing Wire

JULY 20, 2021

This restriction of investment property volume has presented a growing problem, as second home volume was up 178% annually in April. Having non-agency products in an originator’s wheelhouse allows them to meet the growing need for alternative lending options. The Knowledge Advantage.

Marketing 370

Marketing Lending Government Renovations 370

Housing Wire

APRIL 30, 2021

As homebuyers increasingly demand personal, service-driven experiences with their mortgage providers, community lending teams are well-positioned to capture business via the strong relationships they excel at creating. Presented by: Computershare Loan Services. How outsourcing gives lenders an advantage in 2021’s purchase market.

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Marketing Technology Lending Business 336

Housing Wire

FEBRUARY 10, 2022

Tricky situations can arise in mortgage lending, especially when navigating less-common products or originating non-agency loans. “They’re doing the same exact training every single year, ” he said. The hours spent on continued education should be useful. ” They aren’t delivering the latest information.”

Loan Officers 397

Loan Officers Law Training Lending 397

Appraisal Buzz

APRIL 15, 2024

Appraisers will be presented with the data elements needed to report the characteristics of the subject property, and analyze the market, comparables, and other necessary parts of the appraisal process. Only those data and report elements that are important for the scope of work will be presented to the appraiser.

Appraisal 397

Appraisal Design Lending Technology 397

Housing Wire

MAY 25, 2022

Although the addition of non-QM loan options can undoubtedly end up being a lucrative move, the sector presents certain hurdles that not all lenders are prepared to clear just yet. There is also the matter of efficiency versus increased lending cost. That means getting acquainted with the challenges common to the non-QM market.

Lending 418

Lending Investing Loan Officers Design 418

Appraisal Buzz

MAY 20, 2024

Faster Turnaround Times In a seller’s market, the lending institution and homeowners may demand faster turnarounds to push the sale through before the market fluctuates. Long Waiting Lists There are only so many trained appraisers available, so you may have a long waiting list. You may need to get creative in a fast-paced environment.

Appraisal 370

Appraisal Marketing Valuation Sellers 370

Housing Wire

APRIL 27, 2021

In many of those reviewed, there is a strong desire to keep appraisals and appraisers as key components of the mortgage lending process. Because Freddie and Fannie are such a large share of the market, their appraisal guidelines—forms and methods—become the de facto industry standards for residential mortgage lending.

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Modernization Appraisal HOA Valuation 326

Appraisal Buzz

AUGUST 16, 2024

Kahane: Interacting with borrowers in bankruptcy or facing foreclosure presents several challenges. Initially drawn to the intricate intersection of real estate law and financial regulations, I found my niche representing lenders, servicers, and debt buyers in matters related to lending, collections, and compliance.

Legal 396

Legal Law Clients Technology 396

Appraisal Buzz

JUNE 24, 2024

Based in Timonium, Maryland, Dalgarno will focus on growing Embrace’s new construction home lending business throughout the East Coast by forming partnerships with homebuilders and recruiting loan officers who specialize in new home construction. Dalgarno expects to hire 15 to 20 new loan officers over the next year.

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Loan Officers Construction Training Business 221

Housing Wire

MAY 25, 2021

A 2017 study conducted by the National Association of Realtors found that “lack of training, downward trends in compensation, and increasing regulation,” were driving both existing and would-be appraisers away from the industry. Presented by: PCV Murcor. Navigating appraisal challenges in today’s housing market.

Appraisal 370

Appraisal Valuation Real Estate Modernization 370

Housing Wire

SEPTEMBER 28, 2023

A look at default activity past and present The default industry was thrust into the public view during the Great Recession. The mortgage lending industry exists to make home loans, not to repossess them. Many in the industry are already rising to meet it. From 2007 through mid-2013, approximately 5.5 Nor should it be.

Legal 448

Legal Training Real Estate Business 448

McKissock

MARCH 28, 2023

In times like the present when the housing market is slow, you can help your appraisal business thrive by offering additional services beyond mortgage lending appraisals. What are some specific types of non-lending assignments that might be worth adding to your workload this year? Read the full survey results below.

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Lending Appraisal Property Taxes Training 99

Housing Wire

APRIL 15, 2022

The challenge of relying on an older workforce is that it presents the unpredictability of retirement within this age group. And, as we’re seeing more and more, it’s usually not just one company doing one thing, but rather multiple companies relying on partnerships to help them fulfill their mortgage lending goals.

Technology 370

Technology Real Estate Clients Business 370

Housing Wire

AUGUST 7, 2020

As record-low interest rates drive a refinance boom and spikes in mortgage applications, many businesses are adjusting to the present market. In addition to implementing technology for efficiency, it’s important to train your workforce on how best to apply it, Gill said. Drive internal technology adoption.

Technology 397

Technology Loan Officers Tools Business 397

Housing Wire

MARCH 24, 2021

Presented by: Propertybase. Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors. “It’s not true.

Real Estate Agent 397

Real Estate Agent Retail Real Estate Design 397

Housing Wire

NOVEMBER 3, 2023

” Other popular answers included, ‘implementing buyer representation agreements,” “full disclosure of client options,” and “more training on our value proposition.” “You must train all of your agents as to how you’re going to get compensated,” said Murray.

Real Estate 345

Real Estate Brokerage Property Management Buyers 345

Housing Wire

OCTOBER 29, 2021

Dave Steinmetz: Starting in early 2020, we worked to scale production with the challenges presented by the combination of the pandemic and record volumes. EXOS Inspect is a mobile app that allows borrowers to conduct their own home inspections when a traditional appraisal is not required, such as in home equity lending.

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Inspection Technology Clients Tools 301