Digital closing provider Snapdocs is partnering with real estate technology provider SitusAMC to integrate the Snapdocs eVault to SitusAMC’s ProMerit platform, a warehouse lending technology tool, the companies announced on Thursday. This collaboration allows warehouse lenders to seamlessly and securely manage eNote transactions within their warehouse lending system of record. An
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A study commissioned by the U.S. Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. The study, commissioned by the HUD PD&R and compiled by analytics
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Editor in Chief Sarah Wheeler sat down with Sridhar Sharma, executive vice president and chief information officer at Mr. Cooper, to talk about how the company is using machine learning and artificial intelligence to increase productivity while making their customers happier. Sarah Wheeler: You came into the mortgage space about
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With the latest industry turmoil around compensation, steering and more due to lawsuits and the investigation by the Department of Justice, those outside the housing industry would assume the benefit to listing a home on the MLS would be negligible. They would be wrong. The MLS is crucial for home
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Just weeks after announcing it reached a nationwide settlement agreement in the commission lawsuits, HomeServices of America is undergoing some major changes to its leadership team. Last week, Christy Budnick announced that she will be stepping down as CEO of HSF Affiliates, the franchisor of Berkshire Hathaway HomeServices, effective June
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Mortgage Bankers Association (MBA) president and CEO Bob Broeksmit proposed creating a national director to oversee housing policies and address the “regulatory knots” that “sap the country’s economic strength.” This czar, called the “National Housing Policy Director,” would be directly located in the White House, accountable to the President, and
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Proptech firm RealReports unveiled a new feature for its AI-powered assistant, Aiden, the company announced on Thursday. The new feature harnesses the capabilities of multimodal artificial intelligence to instantly analyze and summarize complex property documents, including inspection reports, appraisals and seller disclosures. Multimodal AI technology allows advanced artificial intelligence systems
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The U.S. Supreme Court on Thursday rejected a broad challenge to the funding mechanism of the Consumer Financial Protection Bureau (CFPB), which was brought by payday lending groups led by the Community Financial Services Association of America (CFSA). The CFSA and other groups challenged the constitutionality of the CFPB’s funding
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Even with a massive housing shortage across the nation, homebuilders are completing their pipelines and not seeking as many permits to construct new single-family houses. Privately owned housing starts climbed to a seasonally adjusted annual rate of 1.360 million units, up 5.7% month over month and down 0.6% year over
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As of April 2024, “Fifty-seven percent of all respondents in a recent Zillow survey reported experiencing housing discrimination of some kind. However, fewer than half of respondents said fair housing is important to them or their families — highlighting how much work is needed to educate people about these laws.”
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From 2010 to 2024, the reverse mortgage industry sought to allow remote reverse mortgage counseling in the state of Massachusetts, citing an insufficient number of actual counselors and logistical challenges for senior clients. But as time dragged on and state lawmakers seemed unwilling to seriously entertain the proposal, the ravages
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Mortgage rates have been slowly dropping recently, which has caught some people off guard. With inflation data that is still higher than the Federal Reserve‘s target, the recent decrease has left many intrigued. Was it the recent inflation reports or the last batch of labor data that played a significant
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