Borrower surveys pinpoint closings as problem area for lenders

Investments lenders have made to streamline the application process seem to be paying off, but surveys show borrowers are still tripped up by document collection and closings. Continue reading

Reali closing its doors and laying off most of its workforce

California-based real estate brokerage and power buyer cites “challenging real estate and financial market conditions and unfavorable capital-raising environment.” Continue reading

Qualia’s new API could help companies scale digital title ops

Qualia API users can automatically place and track title orders and access order, accounting and contact data to build custom notifications and performance dashboards. Continue reading

First-time homebuyers may be driving FHA, VA loan surge

Applications for government-backed purchase mortgages were up 4 percent week over week, accounting for nearly 1 in 4 loan requests from homebuyers, according to the Mortgage Bankers Association. Continue reading

Clever teams with Total Expert to land more lenders and homebuyers

Clever’s integration of Total Expert’s CRM and customer engagement platform could help the company drum up homebuyers who aren’t already working with real estate agents. Continue reading

Attorney title opinions could give title insurers a run for their money

SingleSource Property Solutions and Voxtur launch an alternative to title insurance that’s designed with Fannie Mae and Freddie Mac’s new guidelines in mind. Continue reading

Home sales projected to fall 16.2%, Fannie Mae says in new forecast

In projections released Monday, economists expect 5.78 million homes to change hands this year, representing a 16.2 percent decline from a year ago — a steeper drop than the 15.6 percent pullback forecast in July. Continue reading