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: Jeff Douglas

Wyndham Capital Mortgage, CEO

Jeff-Douglas
Jeff Douglas, CEO, Wyndham Capital Mortgage

Jeff Douglas has brought to the mortgage industry the idea that with intelligent automation, deep data utilization, a perpetual marketing operating system and a strong corporate culture, Wyndham Capital – and the mortgage industry as a whole – can bring themselves into the next stage of home lending. From application to close, Douglas has had a hand in bringing all aspects of the loan process up to the 21st century. Capitilizing on speed and efficiency driven by robotic processes behind the scenes, Douglas has driven Wyndham Capital’s investment robotics, bringing the company into the forefront of efficiency, speed and growth. Currently, Wyndham Capital is processing loans almost 30% faster than the mortgage industry average, with nearly three times the number of loans per full-time employee. These robots work 24 hours a day, seven days a week, 365 days a year in order to eliminate the “stare and compare” tasks of the past, which wasted time and effort for everyone involved with the loan process, and brought on delays in time and increased costs to the borrower. As robots take over this process, originators are then freed up to take on more mortgages and close quicker. Douglas continues to set Wyndham Capital up for scalable, sustainable growth in the future through technology-driven solutions while having an eye on changing the industry at the same time.

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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