Marc E. Canner, Esq. is the founder of Canner Law & Associates, P.C., a Massachusetts real estate law firm Marc and his team work with buyers and sellers of real estate, as well as mortgage lenders, banks and realtors to conduct streamlined real estate closings. See Cannerlaw.com
[Op-ed] Today, homebuyers can tour homes, see the neighborhood and research the history of a property all from the comfort of their couch. Technology has streamlined the front end of the purchase process, but the actual closing remains largely stuck in the past. How can collaborative software solutions help update the closing process so that tech savvy consumers who have looked at homes and even virtually furnished them with a smartphone are confronted with an outdated process when it is time to buy?
When Tim Mayopoulos was vetted prior to joining Fannie Mae nearly 10 years ago in the role of general counsel, board members explained it would only take 12 to 18 months for the company to turn around. That isn’t what it took. It took putting Mayopoulos in charge, years later, to turn the company around. And that’s exactly what he did.
HousingWire began highlighting the unsung heroes of the mortgage finance industry three years ago, recognizing those who continue to make the dream of homeownership a reality for Americans nationwide. Our editorial board selected each of these 40 professionals for their ability to not only transform their companies, but the industry as a whole.
Hispanics have huge purchasing power in the U.S. and the rate of homeownership among this population has grown every year since 2014, reaching 46.2% in 2017. In fact, Hispanics are the only demographic in the U.S. to increase homeownership rates for each of the past three years and are driving gains in the real estate market overall. By understanding the unique needs and expectations of the Hispanic community and positioning yourself to fulfill those needs, real estate professionals can become an important servicer of this consumer demographic and experience related growth.