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Results 1 - 10 of 191

NAR names Tether RE as winner of 2024 Pitch Battle Competition

Posted Date: Thursday, October 17, 2024

The National Association of Realtors announced Tether RE won the sixth annual Pitch Battle competition at the 2024 Innovation, Opportunity & Investment Summit.

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Voxtur promotes new CEO

Posted Date: Wednesday, October 9, 2024

Voxtur Analytics Corp. has named Ryan Marshall as CEO. As the new CEO, Marshall brings a deep understanding of the company’s operations, market dynamics, and growth potential.

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Fairway Mortgage promotes two new execs

Posted Date: Thursday, October 3, 2024

Fairway Independent Mortgage Corp. announced the promotions of Haley Parker and Brittny Hovland within its corporate executive ranks.

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Incenter names new Lending-in-a-Box president

Posted Date: Wednesday, September 25, 2024
Ralph Armenta has joined Incenter Lender Services as Lending-in-a-Box president. Incenter is a family of companies that collaborate on solutions to improve the financial and operational performance of both lenders and depositories.

Read on for more details.
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NCRC welcomes new team members

Posted Date: Wednesday, August 21, 2024
The National Community Reinvestment Coalition (NCRC) hired Devin Mack as director of fair and equitable opportunity, Simon McNeil as executive director of NCRC Community Development Fund, and Rosemary Ramirez as corporate counsel and director of compliance.
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NFHA honors recipients of the Brooke-Mondale Fair Housing Award

Posted Date: Wednesday, August 14, 2024

The National Fair Housing Alliance announced Brooke-Mondale Fair Housing Award recipients: Lee Porter, Bernie Kleina, Cat Cloud, and Debby Goldberg.

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loanDepot promotes EVP to managing director of mortgage lending operations

Posted Date: Wednesday, August 7, 2024

loanDepot Inc. promoted Viviana Abarca to managing director of mortgage lending operations. She will be responsible for loan processing, underwriting and closing operations.

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Xactus names new CFO

Posted Date: Wednesday, July 31, 2024
Xactus named Joseph Peterson as chief financial officer to manage accounting and finance functions, to develop procedures and financial controls, and to secure funds and minimize risk.
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Stern & Eisenberg appoints new COO

Posted Date: Wednesday, July 24, 2024
Stern & Eisenberg, based in Warrington, Pa., announced the appointment of Patrick O’Brien to chief operating officer, bringing over 27 years of industry experience.
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NAHREP announces top Latinx real estate agents

Posted Date: Wednesday, July 17, 2024

The National Association of Hispanic Real Estate Professionals released its 13th annual Top 250 Latino Agents Report with support from Freddie Mac.

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12 USC Section 2605 or Section 6 is titled Servicing of mortgage loans and administration of escrow accounts. It pertains to qualified written requests, notices of transfer of servicing and the administration of escrow accounts.
An arrangement that involves a person who is in a position to refer business as part of a real estate settlement service and who has an interest in a settlement services provider.

In the arrangement, the person, who has either an affiliate relationship with or a direct or beneficial ownership interest of more than one percent in a settlement services provider, directly or indirectly refers business to that provider or influences a consumer to select that provider.
An arrangement that involves a person who is in a position to refer business as part of a real estate settlement service and who has an interest in a settlement services provider.

In the arrangement, the person, who has either an affiliate relationship with or a direct or beneficial ownership interest of more than one percent in a settlement services provider, directly or indirectly refers business to that provider or influences a consumer to select that provider.
A mortgage disclosure that lists all estimated charges and fees associated with your loan. In addition to fees and charges, it will list your loan amount, mortgage rate, loan term and estimated monthly payment. Your escrows due at closing for insurance and taxes will also be outlined. Mortgage lenders are legally required to provide a GFE within three days of receiving your application.
A mortgage disclosure that lists all estimated charges and fees associated with your loan. In addition to fees and charges, it will list your loan amount, mortgage rate, loan term and estimated monthly payment. Your escrows due at closing for insurance and taxes will also be outlined. Mortgage lenders are legally required to provide a GFE within three days of receiving your application.
Under RESPA Section 2605(e)(1)(B), a qualified written request is a written correspondence that includes: 1) the name and account of the borrower, or has enough information to allow the servicer identify that information; and 2) a statement of the reasons for the belief of the borrower that the account is in error or provides sufficient detail to the servicer regarding other information sought by the borrower.

A QWR cannot be written on a payment coupon or other payment medium supplied by the servicer.
Under RESPA Section 2605(e)(1)(B), a qualified written request is a written correspondence that includes: 1) the name and account of the borrower, or has enough information to allow the servicer identify that information; and 2) a statement of the reasons for the belief of the borrower that the account is in error or provides sufficient detail to the servicer regarding other information sought by the borrower.

A QWR cannot be written on a payment coupon or other payment medium supplied by the servicer.
12 USC Section 2609 or Section 10 is titled Limitation on requirement of advance deposits in escrow accounts. It governs escrow accounts including notifications and statements to borrowers. Section 10 also sets out penalties for those who violate the section.
RESPA Section 3 provides that a thing of value includes any payment, advance, funds, loan, service or other consideration

Regulation X says thing of value includes: monies, things, discounts, salaries, commissions, fees, duplicate payments of a charge, stock, dividends, distributions of partnership profits, franchise royalties, credits representing monies that may be paid at a future date, the opportunity to participate in a money-making program, retained or increased earnings, increased equity in a parent or subsidiary entity, special bank deposits or accounts, special or unusual banking terms, services of all types at special or free rates, sales or rentals at special prices or rates, lease or rental payments based in whole or in part on the amount of business referred, trips and payment of another person’s expenses or reduction in credit against an existing obligation.
A form used by a settlement or closing agent itemizing all charges imposed on a borrower and seller in a real estate transaction. This form represents the closing transaction and provides each party with a complete list of incoming and outgoing funds. RESPA requires the HUD-1 to be used as the standard real estate settlement form in all transactions in the U.S. involving federally related mortgage loans.
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