Since its founding in 2015, remote online notarization (RON) platform Proof, formerly known as Notarize, has helped sellers and buyers close $347 billion worth of real estate transactions, according to an announcement on Friday.While the firm is pleased with this milestone, it has its sights set on

Scott Fava has returned to Compass after an almost five-year absence, the brokerage announced on Thursday. Fava is joining Compass from NestSeekers.“We could not be happier to welcome Scott and his team back to Compass and help them accomplish all their business growth and goals,” Gordon Golub, Tri-

When assessing December’s Home Equity Conversion Mortgage (HECM) volume data for December 2023, Reverse Market Insight (RMI) used a choice word as the title for its commentary: “thud.”Amid an already challenging operating environment observed throughout 2023, both HECM endorsement volume and HECM-ba

Title insurance giant First American Financial reported progress on restoring its systems from a pre-Christmas cybersecurity incident.First American has fallen victim to data theft after a perpetrator exfiltrated data and encrypted data on certain non-production systems in late December. “First Amer

Detroit-based Rocket Companies, parent of Rocket Mortgage, has named Jonathan Mildenhall to its newly created chief marketing officer position, responsible for the marketing and communications teams for all the company’s brands.Mildenhall will create and unify a “compelling voice for all businesses

Older Americans are forced to navigate a series of serious financial challenges compounded by their needs for both housing and later life care. While home equity can certainly be a beneficial tool for some seniors to deploy, it will not always be a definitive answer for every senior’s needs.This is

In the first week of 2024, mortgage rates continued to stick around the mid 6% mark.The 30-year fixed-rate mortgage averaged 6.62% as of Jan. 4, a slight increase from the 6.61% rate recorded on Dec. 28, according to Freddie Mac‘s Primary Mortgage Market Survey released on Thursday. The 15-year fixe

After a 2023 of real estate brokers saying they feel “neutral” or “pessimistic” about the housing market, some 48% of those surveyed for the Q1 2024 HousingWire BrokerPulse survey are optimistic that the next three months will be positive.In fact, some 60% says that interest rates will go down in th

Editor in Chief Sarah Wheeler sat down with George Brady, loanDepot’s chief information officer, to discuss the company’s evolving tech strategy and how he thinks long-term about tech in a rapidly changing environment.Sarah Wheeler: You joined loanDepot in 2021 from Capital One. What drew you into t

Mortgage tech firm Blend aims to court more lenders as it now supports Fannie Mae’s Desktop Underwriter (DU) early assessment enhancement with a direct integration from Blend’s soft credit pull function.DU early assessment gives lenders more options for their pre-qualification process in DU. Lenders

Lawmakers in Florida are getting creative when it comes to trying to solve their state’s homeowner’s insurance challenges.Due to the recent uptick in the number and severity of hurricanes facing the Sunshine State, many insurers and reinsurers have made the decision to leave the state. According to

Los Angeles-based rental management software provider RentSpree successfully passed an audit regarding its data protection strategy, obtaining the System and Organization Controls (SOC) 2 Type II compliance. SOC 2 is regarded as the premier data security standard for Software as a Service (SaaS) pro

William Erbey, the controversial founder of Ocwen Financial Corp., is back as chairman at Altisource Asset Management Corp. (AAMC). The company appointed Erbey to the role of CEO in late December and the board of directors also appointed him as its Chairman, a position he held from March 2012 to Jan

Nonbank mortgage lender and servicer Pennymac Financial Services issued pink slips to more than 80 employees in November as it faced tough headwinds in 2023. A total of 84 staff were affected at five offices in Pasadena, Roseville, Agoura Hills, Westlake Village and Moorpark, California, according t

Deran Pennington, a former Movement Mortgage top sales executive sued for poaching by the lender, filed a counterclaim alleging that Movement breached the contract by failing and refusing to pay his due compensation. In total, he asks for about $13 million. In July, HousingWire reported that Penning

A U.S. Department of Housing and Urban Development (HUD) program designed to allow for the construction of rental housing units is getting a new participant: the Cherokee Nation.The Cherokee Nation announced it will participate in HUD’s Section 184 Skilled Workers Demonstration Program, which will a

As the U.S. population grows older with each passing year, looking for new and novel ways to fund long-term care for the aging population could include home equity. A reverse mortgage can certainly play into this, but another growing dynamic is the divide between higher- and lower-income homeowners.

The rising cost of homeowners insurance is weighing more heavily on American homeowners and buyers, according to a survey published Wednesday by Mphasis Digital Risk, a technology services company serving the residential real estate lending industry.The nationwide survey received 1,634 responses fro

Reverse mortgage servicing company Celink is seeking the dismissal of a lawsuit alleging that it had added unlawful servicing fees to reverse mortgage loans alongside now-bankrupt lender Reverse Mortgage Funding (RMF).In response to the recent recommendation by a magistrate judge against the dismiss