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Sun West unveils NFT loan powered by AI technology

Housing Wire

They may close the transaction and transfer the NFT, or if they choose to not honor the trade, they forfeit their earnest money deposit, as customary in any standard real estate purchase.”. Sun West has been testing Morgan’s real-world performance since its recent soft launch.

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Lender Toolkit and Reggora partner to streamline mortgage underwriting

Housing Wire

Automated mortgage technology provider Lender Toolkit announced this week that it has integrated with Reggora , an appraisal management software company that focuses on modernizing residential real estate valuations for mortgage lenders.

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With little competition, homebuilders are feeling better

Housing Wire

And a follow-on effect of the pressure on regional banks, as well as continued Federal Reserve tightening, will be further constraints for acquisition, development and construction (AD&C) loans for builders across the nation.

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Builders continue to get a boost from low inventory

Housing Wire

In addition, 33% of builder expect to experience or have already experienced AD&C loan tightening from regional banking partners.

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When & How do Appraiser’s Adjust for Age?

Cleveland Appraisal Blog

Last week, a real estate agent asked me about how appraisers adjust for age. – Real Estate Decoded. Birmingham Real Estate: 2019 vs 2020 – Birmingham Appraisal Blog. How About Loan Conditions? That is, until one takes a closer look. Age is a good example. – APPRAISAL TODAY.

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Explaining the Home Loan Process Part 6: Loan Service Transfer

PennyMac

A loan service transfer could take place at any time during the life of your loan. Sometimes, loan servicing can be transferred right after closing, even before you make your first payment.