Launched this past summer, #FirstAmerican’s #PRISM digital platform is paving new #automated, time-saving paths for industry professionals. First American’s vice president of product and information technology provides insight on the platform’s origins.

Non-bank #HELOC lender #Figure and retail mortgage lender #MovementMortgage announced a partnership that will allow Movement’s borrowers faster access to #homeequity with approval in as few as five minutes and funding in as few as five days.

Ken Trepeta, executive director and president of #RESPRO, and Mayer Brown LLP Partner Holly Spencer Bunting spoke to #RESPA News about how to stay on regulators’ nice list for this holiday season.

Nearly three weeks after the midterm elections ended, there is a clear indication as to which party will be in control of each of the chambers of Congress. #election2022 #midtermelection

After Oakland County, Mich., took title to homes under the Michigan General Property Tax Act, the properties were eventually sold for significantly more than the tax delinquencies without providing the excess funds to the former homeowners. The former homeowners sued, asserting claims under the Takings Clause of the Fifth Amendment.

The Texas Legislature filed a joint resolution proposing a constitutional amendment authorizing the legislature to provide for exceptions to the requirement that a home equity loan be closed only at the office of the lender, an attorney at law, or a title company.

Loans for single units range from $472,030, the floor, to $1,089,300, the ceiling. For four units, it’s $907,000 to over $2M – and in some non-Fla. areas, over $3M.

One agent’s take: “Some sellers are having a hard time grasping that we’re not in a housing-market frenzy anymore … that they missed the boat on getting a high price.”