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.


2020 HW Tech Trendsetter: Kyle Kamrooz

Cloudvirga, Cofounder

Kyle Kamrooz, Cofounder, Cloudvirga

Kyle Kamrooz is the cofounder of Cloudvirga, a fintech firm. Today, Cloudvirga’s point of sale solution and digital mortgage platform are being used by 10 of the top 40 mortgage originators and are originating more than $100 billion a year. Kamrooz is a serial entrepreneur and innovator, and over the course of his career has started a successful direct-to-consumer mortgage company, been a key factor in the growth of Skyline Mortgage (now Finance of America) and developed the technology platform behind Cloudvirga. Kamrooz launched Cloudvirga as a standalone company in 2016, and has since guided and grown it into one of the housing industry’s top fintech players. Cloudvirga’s digital mortgage platform enables mortgage lenders to originate and close loans faster, reduce costs and risk, all while delivering a quality customer experience. Since 2016, Kamrooz has led Cloudvirga through significant growth, including leading the company through multiple rounds of investment funding, setting the vision for its flagship POS systems, forging partnerships with leading mortgage service providers and signing major clients such as Fairway, Supreme Lending and Envoy Mortgage. This year specifically, he has led the development and launch of a new platform – Cloudvirga TPO – to significantly accelerate wholesale lending. Cloudvirga’s new TPO platform is transforming the way large TPO lenders will work with brokers. 

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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.

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3d rendering of a row of luxury townhouses along a street

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