UWM tightens VOE standards as jobless claims rise

Date: 2 Apr 2020 / Posted By: admin

UWM tightens VOE standards as jobless claims rise There’s been an uptick in the number of mortgage loans falling out as they approach closing — even up to the day of closing. That’s because jobless claims doubled to their all-time high in just a matter of weeks, and borrowers who were emp

Iowa now allows remote online notarization amid COVID-19

Date: 2 Apr 2020 / Posted By: admin

Iowa now allows remote online notarization amid COVID-19 The rapid spread of COVID-19 continues to push states across the country to loosen their requirements around remote online notarizations (RON), allowing real estate closing to continue with as little contact as possible.  Even with a

[PULSE] Public-private partnerships are key to helping consumers navigate confusing times

Date: 2 Apr 2020 / Posted By: admin

[PULSE] Public-private partnerships are key to helping consumers navigate confusing times Experience has shown me that, when functioning at its best, the mortgage industry works in partnership with lenders, servicers, real estate agents and housing counselors, all collaborating to help families ach

Multifamily market permits continue to decline

Date: 2 Apr 2020 / Posted By: admin

Multifamily market permits continue to decline Prior to stay-at-home orders and businesses closing, the multifamily market was already seeing a decline in both permits and starts, a new report from RealPage said. Permits fell to 415,000 units on a seasonally adjusted annual basis in February, ma

Title Industry Delivers With Curbside, Drive-through Closing Options

Date: 2 Apr 2020 / Posted By: admin

Title Industry Delivers With Curbside, Drive-through Closing Options Title and settlement companies across the country have modified their closing processes to serve their customers and keep everyone safe in a world of social distancing and the COVID-19 pandemic. In addition to safe closing protoco

Quicken Loans’ family of companies to help manufacture coronavirus PPEs and other critical medical supplies

Date: 2 Apr 2020 / Posted By: admin

Quicken Loans’ family of companies to help manufacture coronavirus PPEs and other critical medical supplies Detroit-based Quicken Loans and the Rock Family of Companies — including Rocket Mortgage — announced several public-private partnerships to manufacture and distribute personal protectiv

Where Can We E-Record in Virginia and North Carolina?

Date: 2 Apr 2020 / Posted By: Tina Merritt

If there is a positive impact COVID19 has had on our industry, it is the way it had forced some areas to embrace technology and implement e-recording of land records. Below is the latest list of areas in which we can currently electronically record documents in Virginia and North Carolina.

ClosingCorp: Closing Costs Averaged $5,779 in 2019

Date: 2 Apr 2020 / Posted By: admin

ClosingCorp: Closing Costs Averaged ,779 in 2019 Closing costs for a single-family property averaged $5,749 including taxes—$3,339 excluding taxes—according to data released by ClosingCorp. "In 2019, the U.S. mortgage industry originated more than $2.3 trillion in purchase and refinance lo

New York state reverses prohibition on in-person showings, appraisals

Date: 2 Apr 2020 / Posted By: admin

New York state reverses prohibition on in-person showings, appraisals New York state announced Wednesday that it will allow those in real estate to resume providing some services, such as in-person showings, appraisals and inspections, something that had been forbidden by New York’s stay-at-home

[PULSE] A federal liquidity solution for the mortgage servicing industry

Date: 1 Apr 2020 / Posted By: admin

[PULSE] A federal liquidity solution for the mortgage servicing industry Policymakers are considering ways to ensure the mortgage servicing industry –– the central plumbing of the U.S. housing financial system –– remains functional during the COVID-19 crisis.  Policies established b