Solving the Post-Close Challenge with Intelligent Automation

Join our upcoming webinar as SoftWorks AI CEO and Avanze CEO explore the advances in tech that allow for greater levels of automation and cost reduction, especially in support of post-close and pre-fund review.

Spruce’s Patrick Burns on innovation in title technology

In the season finale of Housing News season 5, Spruce CEO discusses heightened investor interest in title tech, innovation and fintech adoption.

The 100-years-war over real estate commissions

HousingWire plunges down the rabbit hole of residential real estate commissions, uncovering the past, present and future of this wholly unique part of the economy.

Real estate agents and LOs: the great collaboration

We spoke with Propertybase CEO Vance Loiselle about real estate tech and how the past year has accelerated the need for digital collaboration tools across the entire customer journey.

Mortgage

Mortgage Investors Corp. lays off 500 workers

VA refi specialist stops making new home loans, blames Dodd-Frank

According to the Tampa Bay Times, Mortgage Investors Corp. laid off nearly 500 workers and stopped making new home loans. Fewer than 40 employees will be left at the company to help wind down operations. 

Bill Edwards, a well-known local businessman and chairman of MIC, blamed the near-shutdown on federal regulations under the Dodd-Frank Act that are going into effect Wednesday. His company, one of the biggest refinancers of home loans for veterans, doesn’t have the technological capacity to comply, he said.

“It’s been a hard day, one of the hardest days of my life quite frankly,” Edwards said in an interview Monday morning. “It’s not a pretty day.”

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

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