Why 50% of Homes Are Selling for Under Asking and How To Avoid It

If your selling strategy still assumes you’ll get multiple offers over asking, it’s officially time for a reset. That frenzied seller’s market is behind us. And here are the numbers to prove it.  From Frenzy to “Normal” Right now, about 50% of homes on the market are selling for less than their asking price, according […]

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Assurant Lending Solutions unveils insurance verification tool HOIVerify

Assurant Inc. on Monday announced the launch of HOIVerify Origination, an API-enabled solution that streamlines and automates insurance verification during the mortgage origination process. “Assurant’s HOIVerify product suite modernizes the complex mortgage loan process,” Greg Tuttle, senior vice president of Assurant Lending Solutions, said in a statement. “HOIVerify Origination is a proprietary platform that automates

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Pennymac announces equity stake, partnership with Vesta

Pennymac Financial Services Inc. announced on Monday that it has taken a long-term minority equity stake in Vesta Innovations Inc. as part of an effort to modernize the mortgage process. The investment is part of a partnership between the two companies, also announced on Monday, which aims to streamline mortgage applications and enhance the customer

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