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 »
A federal judge has tossed a class action complaint scrutinizing how the industry’s biggest lender handles its retirement savings plan. Processing Content U.S. District Judge Susan K. DeClercq sided with United Wholesale Mortgage this week in ruling against former account executives who alleged mismanagement of the massive retirement fund. The decision squashes the case at
Judge sides with UWM in tossing employees’ 401(k) lawsuit 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 »