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.

Sponsored Content

How capacity constraints are impacting servicers

First American Mortgage Solutions helps deliver shortened turn times while maintaining compliance

The current demand for capacity is forcing everyone in the industry to pick and choose what projects they work on, what products they use, and – most importantly – how their employees are utilized. There are conversations taking place right now about trying to identify bonafide counterparties to partner with. 

This is a challenging time for servicers, with somewhat of a perfect storm of increased volumes, pandemic-driven dislocation, capacity constraints and increased regulatory pressures. First American Mortgage Solutions has already been accelerating its client engagements, specifically with partial claims processing, servicing transfers, lien release and assignment activity. 

First American Mortgage Solutions made some significant acquisitions in 2020. It closed on its acquisition of First American Docutech, a leader in the loan origination document space, in March of last year. Docutech has a vision for digitization of this process. Adoption has been a real problem across the industry for a number of reasons, but First American saw a need to merge lender docs with settlement agent docs to give borrowers a true end-to-end digital experience. 

First American also recently announced its intent to acquire subservicing business ServiceMac. Getting closer to servicing will give the company insights and acumen in a very highly complex servicing space, as well as an opportunity to accelerate product development and solution innovation for servicers across the country. 

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

Log In

Forgot Password?

Don't have an account? Please