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?

Back to the Future of Mortgage Lending

This webinar will be a discussion on understanding what’s to come in the future of mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.

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.

Sponsored Content

Expedite Close uses intelligent analytics to determine whether a closing should be fully digital, paper or hybrid

The application enables all participants in a real estate transaction to securely collaborate online

The COVID-19 pandemic has accelerated the mortgage industry’s need to adopt digital solutions. As business procedures have adjusted to new needs for social distancing, consumer expectations reflect an increased desire to close their loans electronically and reduce – or entirely remove – the need to review and sign paper documents.

Expedite Close, from Black Knight, supports the full eClosing process, including integrations with remote online notarizations (RON). Expedite Close is a fulfillment-based, easy-to-use eClosing solution that delivers comprehensive capabilities and fast implementation.

The application is web-based and supports all forms of closings, including completely digital with RON, hybrid and wet-sign closings. With Expedite Close, lenders can immediately start using a complete digital option on day one.

Expedite Close handles much of the complexities and decisioning involved with eClosings for lenders. The solution leverages intelligent analytics to systematically select the best way to close a loan for each transaction based on client-configurable rules.

Client-defined rules, built-in logic and transaction data are used to identify factors to help determine if the closing should be fully digital, paper or a hybrid of both approaches. These deciding factors include jurisdiction requirements, consumer preferences, settlement-agent processes and investor requirements.

The flexibility of Expedite Close enables lenders to work toward completely digital closings at their own pace.

Expedite Close enables all participants in a real estate transaction to securely collaborate online, augmenting the processes, document providers or systems they currently have in place. The solution integrates with loan origination systems, title and escrow software solutions, and document providers to allow participants to continue conducting business the way they do today without needing to change their current practices or systems.

Using a comprehensive “fulfillment” approach, Expedite Close accounts for each individual participant’s role during closing. Data is normalized across the participants in the closing process, and the secure, online portal manages workflows to enable all participants to interact seamlessly in the same digital “workspace.”

“Our clients appreciate that Expedite Close is easy to learn, cost-effective, offers end-to-end capabilities and has a fast implementation time,” said John Ralston, director of eLending Strategy at Black Knight Origination Technologies. “They also appreciate that they are leveraging a secure, online portal that manages workflows, includes easy document upload capabilities and enables all participants to seamlessly interact with each other.”

Expedite Close’s advanced analytics, which drive rules to enable automated fulfillment, help simplify workflows and reduce costs. Because it’s LOS-agnostic, the solution also frees closing participants from constrained workflows and pre-determined vendor support.

“Since Expedite Close is built on proven banking-grade software, fulfillment services and infrastructure, users can trust that Expedite Close supports secure services every step of the way,” Ralston said.

Joe Nackashi, President, Black Knight

Joe Nackashi is responsible for providing leadership for the company and working with its operating groups to establish and ensure execution of short- and long-term goals, plans and strategies. He is also responsible for ensuring Black Knight delivers solutions that help transform the industry, and that the company maintains a laser focus on clients, helping them achieve greater levels of success. 

Richard Gagliano, President, Black Knight Origination Technologies

Richard Gagliano is responsible for the direction of Black Knight’s origination technologies, including its loan origination systems, Lead Management and Point of Sale solutions, the AIVA artificial intelligence and machine learning solution, eClosing platform, and multiple solutions to facilitate digital connectivity and online collaboration.

John Ralston, Director of eLending Strategy, Black Knight Origination Technologies

John Ralston oversees the product roadmap initiatives, development and implementation of Black Knight eLending capabilities, including Black Knight’s Expedite Close digital solution.

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

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