Clayton Holdings to Buy ValuAmerica Title Agency
Clayton Holdings in Shelton, Conn., has agreed to buy ValuAmerica, a settlement services provider headquartered in Pittsburgh.
How Analyzing Post-Closing Data Can Refine Lenders' Prefunding QC
Investor expectations for preparing real estate owned properties for conveyance vary wildly and demand a tailored approach from servicers.
In Quest to Quell Lender Buyback Fears, Freddie to Boost QC Tech
An initiative underway at Freddie Mac seeks to integrate new and existing technology to create a comprehensive suite of quality control tools designed to help lenders manage their mortgage repurchase risks.
News Corp's Move Acquires Online Home-Sales Platform Reesio
News Corp's Move Inc. has acquired Reesio, a provider of document and transaction management software for residential real estate.
How Lenders Can Avoid Falling Victim to Millennial 'FOMO'
To better serve millennial mortgage customers, lenders would be helped by understanding how the "fear of missing out" mentality drives this generation's consumer culture.
TRID Lets Borrowers Sue Lenders Over Third-Party Vendor Lists
Lenders that allow borrowers to shop for third-party settlement services face new liability, as the Consumer Financial Protection Bureau's integrated mortgage disclosure rules will let borrowers sue over problems with vendor lists.
Mid America to Begin Closing E-Mortgages with DocMagic Technology
Mid America Mortgage will utilize document preparation and electronic signature and vaulting technology developed by DocMagic to facilitate paperless mortgage closings complete with e-signed promissory notes.
If It Ain't Broke, Just Tweak It
Servicers should make some simple requests of their tech vendors to tailor compliance systems to their needs and avoid the headaches of overhauling compliance systems.
How to Make a Vendor Prove It Really Is 'TRID-Ready'
There is no universal definition of "TRID-ready," but any vendor claiming it's prepared for the new integrated disclosures should allow lenders to test the changes. Here's what to look for, and the red flags that should be cause for concern.
Heartland Financial Taps Insuritas for Private-Label Insurance Agencies
Heartland Financial USA has hired Insuritas to help it expand its insurance business.
Connected Investors Launches Real Estate Investment Funding Portal
Connected Investors has created a new centralized real estate investment funding portal that the Wilmington, N.C.-based company believes will simplify deals and relationships.
Key TRID Policy Official Leaves CFPB to Join Wells Fargo
Brian Webster, the Consumer Financial Protection Bureau's mortgage originations program manager who has worked on a number of technology-related policy and research initiatives, is leaving the agency to join Wells Fargo Home Mortgage.
Servicers Search for 'Goldilocks' Size for Max Profits
The rising costs to service mortgages reflects a market where there are not only downsides to being too small, but hurdles to being too large raising the question of whether there's a middle ground where servicers are not too big, not too small, but just right.
Embrace Transparency and Tech to Attract Millennial Borrowers
Lenders must leverage a variety of tools, from boomer parents to mobile technology to connect and engage with millennial mortgage borrowers.
Is Marketplace Lending a Friend or Foe to Mortgage Firms?
Marketplace lenders seek to disrupt traditional financial services with online platforms that connect borrowers to investors. But in real estate, this burgeoning sector has taken an approach that seeks to co-exist with, rather than supplant, the traditional mortgage market.