Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Mortgage Tech Virtual Demo Day

Tune in to our live Virtual Demo Day on December 1st at 10am CT to experience demos from the most innovative tech companies in the Servicing, Audit and Post-Close space.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

Mortgage

2018 Rising Stars: Aaron Schiff

CEO of Matic

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Aaron Schiff is co-founder and CEO of Matic, a digital homeowner’s insurance (HOI) marketplace that helps lenders and servicers integrate HOI into the mortgage process. Schiff launched Matic in August 2014, introducing the first company to incorporate HOI into the e-mortgage fold. By moving the HOI point of sale inside the mortgage transaction, Matic helps lenders close loans faster, reduce origination costs and improve the borrower experience.

Matic leverages integrations to pull borrower and property data straight from the mortgage loan origination system, point-of-sale platform or real estate portal, so homeowners don’t have to manually enter data or guess the answers to unknown questions. Matic then normalizes the data, figures out how much coverage the homeowner needs and makes more than a dozen top carriers bid on the policy.

Schiff has steered Matic to a strong start and industry heavyweights have noticed. In December of 2017, Schiff spearheaded a $7 million Series A funding round led by Mr.Cooper (formerly Nationstar).

brochWHAT IS ONE THING YOU HAD TO OVERCOME TO SUCCEED IN THIS INDUSTRY?
Resistance to change. No one likes change, even when it leads to better outcomes. Sometimes resistance to change is overt, and sometimes it is unconscious, which makes it even harder to unseat. It’s a challenge we take on daily.

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FHFA: Government to back mortgages up to $970,800 in 2022

The FHFA today announced the baseline conforming loan limit for 2022 will be $647,200, an increase of 18%. In high-cost areas, the new ceiling loan limit will be $970,800.

Nov 30, 2021 By

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Zillow: Over half of our iBuying inventory is on the move

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

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