Fidelity National Financial Inc., Jacksonville, Fla., has announced that its LSI Market Intelligence division is now offering a Natural Disaster Condition Report to lenders nationwide.Based on data gleaned from the company's network of nearly 30,000 real estate professionals, the inspection report provides detailed information on the condition of a specified property in the aftermath of a natural disaster, FNF said. For lenders with transactions pending mortgage funding in a disaster area, the report helps them determine the existence and condition of subject properties. "In addition to stating whether damage to specific exterior features has occurred, this report provides percentage ranges that indicate the degree of that damage and a photograph to support those findings," the company said. FNF, a provider of products and services to the financial and real estate industries, can be found online at http://www.fnf.com.
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The drop in the annual metric for FHA loans was the biggest in over four years but other performance indicators ICE Mortgage Technology tracked were mixed.
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NJ Lenders suffered a cyberattack last August, which potentially exposed the names and social security numbers of about 30,000 individuals.
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Its origination volume of $621.8 million was an increase of $114 million compared with the first quarter but its gain-on-sale was 5 basis points lower.
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The mortgage subsidiary of PlainsCapital Bank saw improvement in its bottom line but remained in the red amid ongoing affordability constraints.
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The "stay-put" economy, along with higher mortgage rates, is responsible for this shift where home equity and seconds have a 17.5% market share, Benutech found.
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Though the crimes occurred earlier this decade, they highlight how much easier it has become to create false documents today, given the rise of artificial intelligence.
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