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Real Brokerage lands familiar team as Pozek Group returns to the fold
After time at other firms, The Pozek Group returns to Real looking to close $400 million in sales this year.
Fraudsters never sleep, and neither should lenders
Many of us have heard about, or will soon learn, the now-infamous Baltimore story. One borrower bought multiple houses on the same block, rehabbing one unit and copying its photos to make the others look renovated on paper. He changed appraisal condition statements, submitted identical photos to multiple lenders and walked through a maze of loans that started as 12-month bridge products and morphed into 30-year Debt Service Coverage Ratio (DSCR) loans. The apparent fraud ballooned into roughly $200 million. He paid in the short term, enough to transition loans correctly. Then the defaults landed squarely in the DSCR world, where lenders must sort it out.
Making the 7-Day refi reality: Instant title, done right
The refinance experience is only as fast as its slowest step, and title insurance has traditionally been one of the least understood steps in the process – and, therefore, perceived as one of the most unpredictable. But the right technologies are making it possible to deliver instant title decisions for qualified files, reducing cycle times, operational drag, and most importantly, borrower frustration.
Mutual of Omaha partners with Homebot
Homebot’s portal will integrate directly with Total Expert for funded loans, delivering monthly home wealth reports to the lender.
Pennymac announces executive leadership appointees
Marshall Sebring, Shiva Iyer, and Kevin Ryan take on key roles to enhance strategy, risk management and business execution.
Jim Juergens steps into retail leadership role at NEO Home Loans
Jim Juergens brings nearly 20 years of lending experience to the role, with $43 million in production and 91 closed loans last year alone.
Maine Listings unveils new logo in rebrand effort
Maine Listings is unveiling a new brand identity, after a rebrand effort facilitated by marketing firm WAV Group.
CoStar claims Zillow is on a ‘crusade against consumers’
CoStar says Zillow is trying to pass the blame onto on consumers for its copyright infringement — its latest allegedly consumer harming move.
