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: Patrick Sells

Quontic, Chief Innovation Officer

Patrick-Sells
Patrick Sells, Chief Innovation Officer, Quontic

As chief innovation officer at Quontic, Patrick Sells is an award-winning leader who has been recognized for his digital innovation in banking. Sells led the digital transformation of Quontic from a struggling community bank to a nationally recognized digital bank which is now at the forefront of many technology breakthroughs. Stepping into his role, his strategy was to combine today’s Millennial workforce with experienced and open-minded leaders at community banks to create a powder keg for innovation. Sells says he believes innovation means taking a new approach by doing things differently and reframing existing processes, and through his role at Quontic, he is changing how banks operate today. Quontic offers a community development loan program, through which they can lend to non-traditional borrowers, such as immigrants, commission wage earners or self-employed people with an inability to document income traditionally. Under Sells’ leadership, Quontic launched a national wholesale mortgage division, which is quickly growing and has increased the footprint of Quontic with new lending offices. Sells and the wholesale lending team have used technology to offer new, accessible refinance solutions. Underwriter decision efficiency has increased 75% from January to September 2020, openings increased 170% from January to September 2020, and loan originations increased 131% from January to August 2020. 

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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