Nexsys Technologies, a provider of technology solutions for mortgage origination and closing, announced the launch of a new solution that digitizes communication between mortgage lenders and homeowners insurance companies. The solution, Clear HOI, enables insurers to instantly verify coverage, resulting in dramatically improved closing times and reduced processing costs. According to the
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As mortgage rates remain low, homebuyer demand has risen and that’s leading to fewer and fewer houses being on the market. The supply of homes for sale fell 9.1% year over year in October, the biggest decline since April 2017 and the fourth month in a row of declines, according
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A new survey from Xfinity Communities says that integration of smart technology into multifamily housing is quickly becoming a necessity. With this integration, there is potential to be environmentally responsible and can improve profitability, the report says. The report surveyed 200 property managers, developers and owners in the multifamily industry about
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The Consumer Financial Protection Bureau has been taking a long, hard look at some of the rules and regulations it has in place. And next up on its list to review is the TILA-RESPA Integrated Disclosure rule, or TRID, and it looks like eliminating the rule entirely is not off
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HousingWire sat down with Bob Blacketer, vice president, global sales and client relationships, financial risk & management solutions at Fiserv, to discuss striking the right blend of lending services and integrated technology solutions to remain focused in an increasingly competitive landscape. Blacketer works with financial institutions from top 5 lenders
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BB&T Corp. and SunTrust Banks just got the approval they need in order to merge into Truist Bank and form the sixth largest bank in the U.S. Earlier this month, the Department of Justice signed off on the $66 billion merger, but ordered the banks to divest 28 branches to
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In October, America’s home sales rose by 3.9%, marking the fourth month of the past six to post a year-over-year increase in sales, according to the RE/MAX National Housing Report. “October continued a recent win streak for home sales, and the market is positioned much better than it was a year ago,”
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As a real estate professional, your work involves not only helping your buyers find and purchase their dream homes, but also monitoring and expanding the growth of your business. Referrals from past clients are a fantastic way to increase your business – and to get those referrals, it’s important to
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Last week, Treasury yields experienced volatility, resulting in mortgage rates sliding below 4%. Despite the decline, the Mortgage Bankers Association indicates mortgage applications fell by 2.2%. This means on an unadjusted basis, the index dropped 2.2% for the week ending on Nov. 15, 2019. “U.S. and China trade anxieties and protests in
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Guild Mortgage, an independent mortgage lender, announced late last week that it has promoted three senior members of its leadership team as it continues to grow. According to the announcement, Terry Schmidt, David Neylan and Amber Elwell are moving up within the company. Schmidt, who has been with the company
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Apartment rental occupancy rates hit an all-time low this year, meanwhile, single-family rental prices have also surged. According to a new report from CoreLogic, U.S. single-family rent prices rose 3% in September over August. However, compared to last September, the national rent increase has remained flat. (Image courtesy of CoreLogic.
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In a LinkedIn post Monday, Zillow President of Media and Marketplace Greg Schwartz announced he would be stepping down from the company he’s helped lead for more than a decade. In the post, Schwartz says it will be his first real day off since joining the company 12 years ago.
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