Investments

Starwood Capital Group expands asset management team

Adds two to senior-level roles
Global private investment firm Starwood Capital Group announced this week it has made two senior additions to the firm's asset management team. In January, Alex Waterbury joined Starwood as managing director, head of development, and in June, Andrea Pierce will be joining the firm to serve as the managing director, head of office asset management.
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HomeUnion launches crowdfunding platform for single-family rentals

Individual investors can now buy into “fix-and-flip fund”
HomeUnion, an online residential real estate investment firm, is increasing its presence in the single-family rental market. Back in 2015, HomeUnion began lending to single-family rental investors. Now, HomeUnion is launching a new program that will make the company itself an investor in single-family rentals, but the company isn’t using its own money.
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From HW Magazine

April Kudos: Celebrating milestones, launches and awards in the mortgage industry

CoreLogic, Calyx Software, New Penn and HousingWire
The J. Ronald Terwilliger Foundation for Housing America’s Families is giving $3 million to Enterprise Community Partners, a nonprofit that designs and builds affordable housing. The grant is designed to create “innovative, integrated approaches” in areas like job training and healthcare that can increase economic mobility. The grant will be used to fund a two-year effort that includes assessing existing programs and identifying priority needs.
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From HW Magazine

Should you be investing in cryptocurrency?

A look at the turbulent world of initial coin offerings
Initial coin offerings are the latest red-hot investment trend, seeking to disrupt the traditional means of raising venture capital for startup businesses and firms. The market itself has witnessed an incredible expansion in the last year, but as the cryptocurrency market explodes and new coins flood the market, is the Securities and Exchange Commission looking to cool down its rapid-paced growth? 
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From HW Magazine

How mortgage companies are capitalizing on their greatest asset: big data

APIs have changed the game
The evolution from a paper-based process to this era of big data is astounding. Consider that according to IBM, 90% of the world’s data has been created in the last two years. The Internet of Things — your thermostat, refrigerator, even your kid’s Barbie doll — is increasing that data exponentially. For mortgage companies, that data represents a treasure trove more valuable than the gold bars stacked in the vault at the New York Federal Reserve Bank, but only if they can figure out how to harness it for their specific business. Fortunately, scores of fintech companies are ready to help.
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From HW Magazine

The 2018 HW Tech100

The most innovative technology companies in housing
This year’s HW Tech100 features a much more expansive landscape than ever before. Winners included heavy hitters and innovative disruptors. Even new tech players in the blockchain space are joining the party now. Other exciting developments can be seen on the identity-protection and fraud-prevention sides. But make no mistake, the name of the game in tech, these days, is lending, lending, lending.
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From HW Magazine

2018 HW Tech100 Winner: Veros

Created two new valuation solutions: VeroDATAFI and VeroPRECISION
In 2017, Veros introduced a host of new valuation solutions, including VeroDATAFI and VeroPRECISION. Veros created VeroDATAFI to address the UCD mandate and provide lenders with a data management solution that streamlines and automates the secure delivery of UCD files directly to Fannie Mae and Freddie Mac.VeroPRECISION is a property-specific valuation rules engine that uses Veros’ analytics, AI  and machine learning to instantly determine if an AVM is the right valuation tool for the subject property.
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From HW Magazine

2018 HW Tech100 Winner: Sutherland

Mobile app streamlines and expedites the loan modification and loss mitigation process
Sutherland’s offerings span the entire mortgage lifecycle including origination, underwriting, pre-funding quality control and compliance review, closing and funding, post-funding QC compliance and loan servicing. Sutherland also delivers solutions including data analytics, robotics processing automation, design thinking, and mobile apps to handle origination and loan modification processes.
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From HW Magazine

2018 HW Tech100 Winner: ReverseVision

RV Exchange connects all industry users to one platform
RV Exchange, ReverseVision’s flagship loan origination system, serves as a centralized exchange connecting all industry users — brokers, lenders, investors, service providers, sub-servicers and more — to one platform. Users share documents and information for each part of the loan process within the same loan file, reducing errors and redundancies throughout the lifecycle of a HECM loan.
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From HW Magazine

2018 HW Tech100 Winner: Red Bell

Pyramid Platform web-based portal allows many items to be customized and adjusted by client and pool
Red Bell’s Pyramid Platform is a secure web-based portal that uses task driven management to manage REOs, rentals, loss mitigation and short sales. The platform allows workflows, real-time reports, key performance indicators, forms and many other items to be customized quickly and adjusted by client and pool.
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