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Author Archives: Heather Cernoch

CoreLogic Credco Product Helps Lenders Avert Loan Repurchases

CoreLogic Credco recently introduced FinalCheck, an automated, fully ""decisionable"" suite of prefunding risk evaluation products that instantly verify credit, application, and fraud data in an easy-to-read report for lenders. The company says FinalCheck is designed to help lenders satisfy GSE requirements, reduce repurchase risk, and increase loan delivery confidence.

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Poli Mortgage Group Adds Recruiting Manager

Poli Mortgage Group, Inc., a privately owned, direct lending mortgage company headquartered in Norwood, Massachusetts, recently hired a new recruiting manager, Christopher Oser. Oser is responsible for seeking out and hiring loan officers, processors, and underwriters for the company nationwide. He is currently looking to fill positions in Georgia, Florida, Virginia, Maryland, and D.C.

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Survey: Americans Are Seeking Smaller Homes in the Suburbs

According to a new consumer lifestyle survey from Relocation.com, more Americans prefer smaller homes in the suburbs. Forty-eight percent of the respondents to the nationwide survey stated that their ideal home size ranges from 1,000 to 1,999 square feet, a significant contrast to a National Association of Home Builders' report five years ago that found the average home's square footage was 2,400 feet. The survey also found that 54 percent of Americans prefer living in a suburban neighborhood.

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Hartford National Title Launches Free GFE and HUD-1 Calculator

Hartford National Title, Inc., a provider of title insurance and real estate closing services in Milford, Connecticut, has launched OneSourceQuote, a new good faith estimate (GFE) and HUD-1 title calculator, as a free online application. According to a statement from the company, OneSourceQuote was developed due to the lack of free, accurate title calculators available to mortgage brokers and retail lenders.

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Holliday Fenoglio Fowler Adds Directors to National Loan Sales Group

Holliday Fenoglio Fowler, L.P. (HFF), a provider of commercial real estate and capital markets services, recently added two new directors to its national loan sales group. Mark Fallon is joining the Chicago-based firm as managing director, and Daniel O'Donnell has accepted a position as associate director in the firm's Dallas office.

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Las Vegas Home Sales Drop Nearly 22% from Year-Ago Levels

The Las Vegas region experienced a dip in home sales and median sale price in October, according to new figures from MDA DataQuick. A total of 3,961 new and resale houses and condos sold in the Las Vegas-Paradise metro area in October, down 7.4 percent from September and down 21.8 percent from a year earlier. The overall median sale price for all new and resale houses and condos sold in the region dropped nearly 4 percent from a year ago to its lowest level in more than a decade.

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Advantage Title Expands into Florida Market

Advantage Title, a California-based provider of title insurance and escrow services, is expanding to the East Coast with the opening of a new office in Maitland, Florida. The new Florida office, which will operate as Title365, will provide services to the entire state. The company serves residential real estate brokers, mortgage and financial institutions, asset managers, and independent escrows with traditional title insurance, escrow and national closing services, default services, and technology solutions.

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Wilson & Associates Attorney Selected for Bar Leadership Academy

Little Rock-headquartered Wilson & Associates, P.L.L.C. announced this week that one of its attorneys, J.P. Sellers, has been selected to participate in the 2011 Arkansas Bar Association Leadership Academy. Sellers is one of just 20 attorneys chosen for the program, which is designed to boost the knowledge and skills of participating attorneys and produce higher level leaders.

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Clayton Holdings Offers Commercial Special Servicing

Clayton Holdings now offers loan administration and asset management services to investors in small balance commercial real estate loans via its Quantum Servicing unit. Quantum's commercial servicing division will primarily handle non-performing commercial loans - including acquisition, development, and construction (ADC); multi-family; and shopping center assets - valued at $5 million or less. Clayton says the division is already servicing approximately 6,000 small balance loans.

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Phoenix Metro Area Home Sales Stagger in October

According to MDA DataQuick, which tracks real estate trends nationally via public property records, Phoenix-area home sales dropped to their lowest level for an October in 15 years. The decline is attributed to low new-home transactions, the slow economic recovery, and the market lull created by the homebuyer tax credits. A total of 6,903 new and resale houses and condos sold during October in the combined Maricopa-Pinal counties metropolitan area, down 6.2 percent from the month before and down 24.6 percent from a year earlier.

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