Nearly every step in a real estate closing has gone digital over the past decade. From buyers signing disclosures on a tablet, to notaries working remotely, to lenders running automated underwriting models that clear a loan file in minutes. We’ve certainly come a long way in automating the process. And yet, search and exam, the […]
Search & Exam is Still Manual in Title Insurance Read More »
Even as some are expressing concerns about the performance of debt service coverage ratio mortgages, several lenders announced product expansion. Processing Content This is a signal that the demand is in place, especially as even mega-investors are stepping back for non-owner occupied real estate purchase, local buyers are filling the void, a recent Cotality report
7% rates? New tech helps LOs pivot to DSCR investor loans Read More »
With mortgage rates sidelining homebuyers, major banks are looking for ways to spark activity. Processing Content “A 7% mortgage rate sounds profitable for banks until you look at everything happening around it,” said Jeffrey Edwards, founder and CEO of FFERM Technologies. “Banks are facing fewer originations, expensive deposits, low-yielding assets that remain on their books
How Chase, BofA, Wells are luring borrowers in a 7% market Read More »