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Essential Keywords For Higher Home Price

Many factors determine the closing price of a home, but how do the keywords real estate agents use to list a property factor in? A recent text mining analysis shows which descriptors make the greatest impact.

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Freddie Mac Announces Small-Pool Pilot With EarnUp

As homeowners struggle to make loan payments on time, Freddie Mac plans to collab with a new online platform in tandem with its borrower help network. The startup intends to help low and moderate income earners manage the debts and make payments on time.

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a360inc Aims to Simplify Solutions for Law Firms with New Acquisition

Taking a major step toward its stated goal of providing industry-wide integration solutions for law firms in the default servicing market, a360inc announced Wednesday it has acquired the CaseAware Suite of technology solutions from KMC Information Systems. A360inc acquired both KMC’s case management system, CaseAware Manage, and its middleware integration module, CaseAware Integrate. A360inc CEO Scott Brinkley says law firms in the mortgage industry can stand to benefit from a more cohesive case management system, and that is what a360inc aims to provide.

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Bringing Harvey Aid to Texas

The House of Representatives will soon return from summer recess and vote on the first phase of emergency relief money for areas affected by Hurricane Harvey. Take a look at how they plan on keeping FEMA operating while still funding federal disaster relief.

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Paradatec’s WriteUCD Is Approved by Freddie Mac

Paradatec, Inc., based in Cincinnati, Ohio, announced Thursday its WriteUCD module has been verified as a technology integration vendor for Freddie Mac’s Loan Advisor platform as it satisfies the requirements of the GSE’s Uniform Closing Data files. A provider of optical character recognition solutions, Paradatec’s WriteUCD takes data from mortgage closing disclosure documents “in mere seconds per page” and then transfers it to the new required format. In fact, Paradatec claims to provide “quick and accurate identification of over 500 unique documents in the typical mortgage file,” and it is adapting to new industry standards.

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Arch MI, OpenClose Offer Individualized MI Rates in Seconds

Arch Mortgage Insurance Company and OpenClose announce Monday an integration aimed at providing “more competitive, sophisticated and dynamic MI pricing solution than conventional rate sheets,” according to Chris Hovey EVP and COO at Arch MI. Arch MI, the flagship private mortgage insurance provider of Greensboro, North Carolina-based Arch Capital Group, and West Palm Beach, Florida-based OpenClose, are collaborating to offer Arch MI RateStar pricing information within the OpenClose LenderAssist loan origination system.

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Clarocity Announces Bill Waltenbaugh as Chief Appraiser

Clarocity Corporation, based in Carlsbad, California, announced Monday that Bill Waltenbaugh is taking on the role of Chief Appraiser at Clarocity Valuation Services. Waltenbaugh brings 30 years of real estate industry experience to his new role, including past experience as a Chief Appraiser and Director of Compliance at several appraisal management firms. “Bill Waltenbaugh is a nationally recognized appraiser, with vast experience in ensuring exceptional appraisal quality and compliance,” said Aleksandra James, President of Clarocity Valuation Services.

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Unexpected Downturn

Homebuilding has fallen off and no one expected it to happen. Find out what's behind some shaky home construction numbers.

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