Who’s on the hook when money disappears due to wire fraud?

Wire fraud is a source of significant harm to financial institutions, with an estimated $1.77 billion stolen in 2019, according to the FBI. For mortgage companies, the vulnerabilities surrounding the closing table constitute an especially big risk. Excited and anxious about closing, borrowers are vulnerable to email scams from criminals

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Brian Covey to speak at engage.marketing in June

Marketing is not only about inspiring prospective clients; it’s increasingly about collaborating with internal teams and driving profitability. Effective CMOs and marketing teams communicate their value and performance metrics across departments. This is why we’ve invited Brian Covey, vice president of regional production for loanDepot, to June’s engage.marketing virtual summit.

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Zillow Offers resumes in Arizona and North Carolina

Zillow has re-entered the iBuying market. After putting transactions on hold in the early weeks of the COVID-19 pandemic, the iBuyer announced Monday that its instant offers service, Zillow Offers, is resuming in two Arizona and two North Carolina markets. Homeowners in Phoenix; Tucson, Arizona; Raleigh, North Carolina; and Charlotte,

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[PULSE] Finding opportunity in a forced “pause”

We’ll always remember March 2020.  That’s when it really became apparent that the COVID-19 pandemic would bring the entire planet to a grinding stop. In the wake of the crisis, the housing and mortgage industries will be forever changed. Although we were already on the path toward modernizing our process,

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8.8% of U.S. mortgages are in forbearance

About 4.7 million mortgages are in forbearance, representing 8.8% of all home loans, Black Knight said in a Friday report. The number of borrowers who secured an agreement to delay their payments was up from 4.5 million last week, the mortgage data firm said. The pace of new forbearances slowed

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