It’s not uncommon for borrowers to roll their property taxes into their mortgage payment, leaving their lender to oversee the annual bill. That’s what Carla Rubeo had set up with SWBC, the mortgage lender for her condo in Antioch, Tennessee. Although now, it’s likely she wished she hadn’t.
Although there may be no immediate resolution for fraud in the housing industry, some companies are putting forth an effort to reduce the risk of deception. Amongst these companies includes ARMCO, who recently announced the launch of its Fraud Case Manager, the industry’s “first” fraud
investigation technology.
Move, which is owned by media giant News Corp and operates Realtor.com for the National Association of Realtors, is about to grow its real estate empire by acquiring a Texas-based real estate technology startup that claims its technology can match qualified homebuyers and sellers with real estate agents in real-time. News Corp announced late Wednesday that Move is acquiring Opcity, which was founded in 2015, for $210 million.
The electronic financial marketplace Tradeweb is developing a direct-to-Freddie Mac exchange path for institutional investors related to the coming Single Security Initiative, aka Common Securitization Platform.
Growing real estate tech company Compass is buying Pacific Union, the fifth largest brokerage in the nation. Compass is serious about growth and has been on an absolute tear since raising a whopping $775 million in funding over the last few years. And now, the company is putting some of that money towards seriously growing its California business by acquiring Pacific Union.
Mortgage lenders have to balance two competing interests as they originate loans: the automation required for efficiency and the human touch that consumers need at different points in the process. That’s no easy task, which is why we’ve invited Kate Adamson, head of mortgage at Plaid, to speak at our engage.marketing conference on the topic of Consumer Engagement in the Era of the Digital Mortgage.
Mortgage rates are finally seeing an uptick, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater believes the recent slowdown in price appreciation in several markets is good news for the many prospective buyers who were priced out earlier this year.
These REALTORS® make an extraordinary impact on their communities through volunteer service.
Police continue to investigate the disappearance of a 28-year-old real estate professional in Killeen, Texas, who was last seen on Sunday.
The acquisition will bring more lead generation offerings to realtor.com® with a platform that matches qualified home buyers and sellers will real estate professionals in real time.
Karin Comeaux
Compass Realty & Management
8880 W Sunset Rd, Ste 290
Las Vegas, NV 89148
(702) 328-4114
(702) 586-1616
