The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

A real estate professor weighs in on the future of MLSs

According to research done by Sonia Gilbukh, a real estate professor at Baruch College, there are some reasons to be concerned about the current number of real estate agents and the future of MLSs.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Mortgage

Pavaso helps Nevada welcome first residential hybrid eClosings

Plus, program for eNotarization underway

Nevada is the latest state to welcome residential hybrid eClosings, partnering with mortgage technology provider Pavaso to help three Nevada residents in their closings.

All three of the eClosings took place in Reno at a Greater Nevada Mortgage title partner office.

The hybrid eClosing is the result of investor requirements that make a small number of documents have to be “wet signed,” causing the borrower to have to  physically affix a signature to the documents.

Nancy Pratt, Pavaso vice president of Partner Relations & Government Affairs, added, “Nevada supports the vision of a paperless, fully digital closing, by allowing eRecording. A program for eNotarization is underway, but a hybrid closing is necessary since many investors still require a physical, rather than digital signature for certain closing documents.”

For the process, each wet-signed document was automatically barcoded when printed from Pavaso’s system so that, upon the physical signing of the required documents, the forms could be digitally scanned and imported back into the system. 

From there, the Pavaso system automatically sorted, filed and stored the pertinent information electronically.

While this isn’t the first hybrind eClosing, each state’s individual legislation requirements makes it notable when a new state completes an eClosing.

Most recently, United Wholesale Mortgage took eClosings a step further and announced its first virtual e-close, saying buyers would never have to leave their home or wet sign a single document for refinance loans. UWM’s new solution allows borrowers to Facetime or Skype with the notary, making it the first e-closing borrowers can complete remotely. 

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Existing home sales pop the 2021 housing bubble boys

So far this year, every existing home sales print has been higher in 2021 than the closing level of sales in 2020, which was 5,640,000. Even with the unhealthy home price gains that we have seen in the last two years, more Americans have bought homes with mortgages in 2020 and 2021 than any single year from 2008-2019, and this looks perfectly normal with our current demographics. HW+ Premium Content

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

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