By Samantha Peterson, Thursday, May 20, 2004. Adoption of real estate transaction management systems is picking up steam, with some vendors seeing a quadrupling of their business over the past year, according to top managers of six leading vendors who gave their perspectives Thursday during an Inman News audio conference. The six companies–Guru Networks, Stewart Realty Solutions, First American Residential Group, Wintrans Solutions, SettlementRoom and Nations Holding Group–all offer online transaction management systems. more...
By Bernice Ross, Thursday, May 20, 2004.
(Part 2 of a four-part series. See Parts 1, 3 and 4.) The National Association of Realtors has 1 million members. In five years, more than 800,000 agents will leave the business because they lack what it takes to succeed. Some lack basic business fundamentals, but others fail because they lack systems and organizational skills. more...
By Inman News, Thursday, May 20, 2004.
By Inman News, Thursday, May 20, 2004. Both houses of California's legislature this week passed the Homeowners Bill of Rights (HOBOR), which aims to provide needed protections for homeowners in California. The bill package by Insurance Commissioner John Garamendi includes four parts. Assembly Bill 2199 (Kehoe) passed from the floor of the Assembly unopposed Thursday afternoon. The other three HOBOR bills–AB 2962 (Pavley), SB 1474 (Escutia) and SB 1855 (Alpert)–were passed earlier this week. "The insurance industry must fulfill its promises to its policyholders," said Garamendi. more...
By Inman News, Thursday, May 20, 2004.
By Inman News, Thursday, May 20, 2004. - LSI and October Research will host the 2nd Annual Emerging Trends Summit, May 25-26 in Irving, Texas. Conference discussions and events will explore the future of mortgage innovation. more...
By Inman News, Thursday, May 20, 2004. Veros Software and First American Real Estate Solutions will co-host the fourth annual Predictive Methods Conference June 28–30, at the Four Seasons Hotel and Resort in Newport Beach, Calif. Automated valuation models known as AVMs, fraud detection models and other automated analytical products have proliferated in the mortgage business in recent years and continue to be important tools for major and midsize mortgage corporations. more...
By Inman News, Thursday, May 20, 2004. Huntington Mortgage Group and Fannie Mae have partnered to educate Orlando-area Realtors on how to help buyers get the best mortgage financing they qualify for. One of the initiative's main goals is to involve Realtors in the effort to end predatory lending. By educating Realtors, the two companies hope the partnership will promote consumer awareness about the benefits of seeking out responsible lenders and shopping for the best mortgage, debunk myths surrounding the home-buying process and ensure Realtors are aware of different mortgage loans. more...
By Inman News, Thursday, May 20, 2004. San Francisco Bay Area home sales surged to near-record levels in April as buyers scrambled to lock in mortgage financing before interest rates soared any more, reported DataQuick Information Systems, a real estate information service. more...
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