Home / Author Archives: Heather Cernoch (page 30)

Author Archives: Heather Cernoch

BrokerPriceOpinion.com Names New President

BrokerPriceOpinion.com recently named Michael Richardson as president. Richardson will manage the day-to-day national operations of the company, which develops Web-based BPOs, appraisals, and automated valuation models to streamline the valuation process. Richardson brings more than 25 years of experience in the mortgage and real estate industries to BrokerPriceOpinion.com.

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Lenders One Announces Preferred Relationship with Bank of Internet

Bank of Internet USA, a nationwide savings bank operating primarily via the Internet, is now a preferred investor of Lenders One Mortgage Cooperative, a national alliance of community mortgage bankers, correspondent lenders, and suppliers of mortgage products and services. According to Lenders One, the partnership offers several advantages to its members, including special pricing and access to customized portfolio jumbo and super jumbo loan products.

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DecisionReady Reaches Compliance Review Milestone

DecisionReady, a provider of default servicing compliance solutions based in California, announced this week that it has reviewed 1 million delinquent residential mortgage loans for loss mitigation and foreclosure process and policy compliance for leading servicers. DecisionReady technology offers compliance for early stage delinquency through loss mitigation, foreclosure, and the post-sale process to ensure regulatory rules and investor guidelines are met.

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More than Half of Las Vegas Area Homes Purchased with Cash

According to statistics released by the Greater Las Vegas Association of Realtors (GLVAR), 51 percent of all existing homes sold in southern Nevada are now purchased with cash. GLVAR president, Paul Bell, said this represents a first for the area housing market. Bell says his organization has been checking with counterparts around the country and has yet to find another major metropolitan area where so many buyers are paying cash for homes.

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Hammerhouse Hires ‘Strategic Growth Partner’

Hammerhouse LLC, a California-based national recruiting and strategic growth firm for the financial service industry, has hired Grant Lupo as strategic growth partner to manage client growth and expand the company's national mortgage recruiting market share. A mortgage professional with more than 12 years' experience in servicing, hiring, and training mortgage production professionals, Lupo joins Hammerhouse from Bay Equity LLC where he was a wholesale account executive.

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Ameriprise Financial Launches Home Ownership Accelerator Loan

Ameriprise Bank, FSB, has partnered with CMG Financial Services, Inc., to launch the Ameriprise Home Ownership Accelerator loan product. Replacing a traditional mortgage with a combination of a home equity line of credit and a checking account, this new home financing option can help a borrower use idle cash to reduce interest costs and pay off the loan years early, Ameriprise explained.

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New Florida Law Firm to Focus on Mortgage Banking, Default Services

A new Florida law firm, Gerner Mayersohn May, PLLC, was recently formed in Fort Lauderdale by David E. Gerner, Esq, of Ohio-based Gerner & Kearns, Ted Eric May, Esq., of New York-based Sheldon May & Associates, and Leah Mayersohn of the Mayersohn Law Group in Florida. The new firm will provide legal counsel to clients throughout the state, focusing on mortgage banking, default services, and collections.

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Alabama Announces Foreclosure Prevention Program for Unemployed

Alabama Governor Robert Bentley recently announced the creation of Hardest Hit Alabama (HHA), a new program that will provide $162 million for foreclosure prevention efforts in the state. The Alabama Housing Finance Authority will use the money, which was allocated by the U.S. Treasury, to provide temporary assistance to unemployed or underemployed homeowners in the state to help them stave off foreclosure while they search for work.

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Realty Pilot Offers Arizona Real Estate Agents New Cloud-Based Program

Realty Pilot, an Arizona-based real estate technology company, recently launched Offer Runway, a cloud-based program designed to unite buyers, sellers, agents, lenders, escrow officers, and home inspectors. Offer Runway is free to all Arizona MLS members. The company says its goal in developing Offer Runway was to create a singular Web-based operating system to ensure transparency and efficiency within each real estate transaction.

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Zillow-Yahoo! Partnership Creates Largest Online Real Estate Network

The recently announced partnership between Zillow.com and Yahoo! Real Estate has created the largest real estate network on the Web, according to comScore Media Metrix, an Internet audience measurement service. Zillow now sells local advertising across both sites, and the 4 million for-sale listings on Zillow also appear on Yahoo! Real Estate. Zillow is now Yahoo! Real Estate's exclusive provider of for-sale listings.

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