Industry Update: the Future of eClosing and RON

Join industry experts for an in-depth discussion on the future of eClosing and how hybrid and RON closings benefit lenders and borrowers.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

How Biden’s Neighborhood Homes proposal impacts real estate investors

Dubbed the Neighborhood Homes Tax Credit, the proposal is part of the larger American Jobs Plan legislation — also known as Biden’s infrastructure plan. Here's a look into how it impacts real estate investors.

Awards

2020 HW Tech Trendsetter: Jason Regalbuto

OpenClose, Chief Technology Officer and CEO

Jason-Regalbuto
Jason Regalbuto, Chief Technology Officer and CEO, OpenClose

Jason Regalbuto is currently holding the dual position of chief technology officer and CEO at OpenClose. He has worked in both a mortgage banker capacity as a lender and a mortgage technology capacity as a lender, a background which gives him both a unique insight as well as a competitive edge. Moreover, Regalbuto is forward-thinking with technology and is always looking for ways to build a better “mousetrap.” Dating back to 1999, Regalbuto was the driving force behind ensuring OpenClose’s LOS and ancillary solutions remained ahead of their time by being purely web-based, requiring zero installs and essentially operating as SaaS long before SaaS became a commonly used tech term. Working closely with the OpenClose management and technical teams, Regalbuto helped spearhead a technology undertaking to offer a new POS digital mortgage technology, integrating tightly with OpenClose’s consumer direct portal called ConsumerAssist. Officially introduced in 2019, this new portal enabled OpenClose to offer an end-to-end digital mortgage solution starting at the POS robust functions. This gives lenders a single-source option that eliminates unnecessary integrations at the POS, and removes multiple pricing structures with different vendors, contracts and SLAs. ConsumerAssist helps reduce the cost to manufacture loans by up to 40%.

Most Popular Articles

The housing market is losing steam

Mortgage applications for new home purchases decreased 3% from May and 23.8% year over year, suggesting buyer fatigue in the housing market.

Jul 20, 2021 By
3d rendering of a row of luxury townhouses along a street

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