Brace is developing a full suite of digital solutions to service non-performing mortgage loans. The company works behind the scenes as a white-labeled loss mitigation customer- and servicer-workflow automation platform. The company’s digital borrower solicitation packets help servicers streamline the information and document gathering process using automated financial integration and intelligent workflow. Brace’s platform then takes that borrower-provided information, servicer system data, and proprietary investor waterfalls to quickly and accurately assist loss mitigation decisions.
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The housing market faced a lot of uncertainty when COVID-19 caused the real estate industry to pause under shut-downs, but low interest rates and the desire for more space have turned this year into a boom time for real estate agents.
The NAR existing home sales report released today blew out all estimates with 6,540,000 in existing home sales. This epic headline punctured any 2020 bubbles the housing bubble boys had left in their arsenal. But before we get too excited, keep in mind we are still down 0.2% year to date compared to 2019 levels. Still, this seems like a booming housing market, right?