The biggest event in the real estate/mortgage world is happening today!
It’s finally here!
Later today, Shred Media will be hosting the best real estate investment webinar anyone has ever experienced, EVER. And it’s FREE, so you’re welcome, America!
Our webinar: Full Steam Ahead: Real Estate Investing in the Post-Pandemic Market features some pretty heavy hitters in the investment space.
At 3pm ET, noon PT, the biggest mortgage influencer around Josh Pitts will be joined by:
Elizabeth Faircloth, who has a mission to “transform lives through real estate” through her unique investment platform. Liz (as we call her) is the co-founder of The Real Estate InvestHER® community, a platform to empower women to live a financially free and balanced life on their own terms
Rick Sharga, prominent foreclosure expert and EVP at RealtyTrac, the largest searchable database of investment properties
Matt Argersinger, Rainmaker and Lead Invester at Millionacres, the information portal for real estate investors
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OK, so you’ve signed up for the webinar, here’s what will be discussed
Hey, thanks for signing up and supporting SHRED Media service; we are the only independent mortgage publisher around and you drive our mission to deliver information you can’t get anywhere else!
So, here’s what we will be discussing at today’s event.
There are crazy cool things happening at RealtyTrac. Things are getting hot over there as more households leave forbearance. But will there be a foreclosure Tsunami? Rick’s going to answer, plus he will have some exclusive data to attendees.
A lot of investors bought bank-owned properties during the Great Recession. Is that where they'll find deals again during this cycle? The media claims that ‘Wall Street is gobbling up Main Street,' which is making it tough for traditional homebuyers and individual investors to compete. RealtyTrac has been doing some research into this claim. And Rick’s going to tell us all about it.
Matt will be there to talk about how you can leverage native content on Millionacres to better position your real estate investments. He will also talk about what are some of the most popular stories happening on the Millionacres website and tell us what that says about the markets.
Thinking of opening your own side hustle investing in real estate? Liz will tell you how. She’ll also address issues such as: How much thought should an up-and-coming investor put into how they market themselves? Is a big presence on social media necessary for a successful real estate investment team?
All this and more!!!
🔥 How to win in the mortgage industry 🔥
With Josh Pitts & Mark Teteris
What else is happening around the mortgage world today?
—> Mortgage broker tried to con Home Point, loanDepot and UWM
Well, a mortgage broker pled guilty to stealing nearly $5 million in refinancing loans, using money to buy watches and jewelry.
Brent Kaufman, 50, of Commack, N.Y., admitted that on numerous occasions between 2016 and 2019, he listed his own bank account number on paperwork submitted to new lenders informing them where to send the money.
Between 2016 and 2019, Kaufman, together with others, engaged in a scheme to defraud Home Point Financial Corporation, LoanDepot and United Wholesale Mortgage and other mortgage lenders by obtaining, and attempting to obtain, monies and funds from the Lenders by means of materially false representations.
Specifically, Kaufman provided incorrect wire routing information to the Lenders for the existing mortgages.
Instead of wiring the funds to the correct financial institution, the funds were instead transferred to bank accounts controlled by Kaufman. As a result, the existing mortgages were not paid off—leaving the clients with two mortgages on their homes—and Kaufman stole the funds for his own personal use.
—> Opendoor just bought two companies and promptly shut them down
Opendoor, the online real estate giant that lets people directly buy and sell homes online, has acquired Seattle-based startup Pro.com and San Francisco-based Skylight. Terms of the deals were not disclosed. Both platforms, which offered digital home improvement services, will be discontinued.
“The additions of the Skylight and Pro.com teams will bring on like-minded founders and teammates who care deeply about transforming housing,” Opendoor CEO Eric Wu wrote in a blog post. “While their platforms will be sunsetted, the talent and technology of each team will help us scale and accelerate our roadmap.”
San Francisco-based Opendoor is a leader in the growing iBuyer market that includes others such as Seattle companies Zillow Group and Redfin. They aim to digitize the homebuying experience from start to finish and take a share of the nearly $2 trillion real estate industry. The pandemic has helped spur an iBuying spree with the acceleration of digital adoption such as virtual tours, The Wall Street Journal reported last week.
—> Resume scanning service is rejecting otherwise qualified workers
Automated resume-scanning software is contributing to a “broken” hiring system in the US, says a new report from Harvard Business School.
Such software is used by employers to filter job applicants but is mistakenly rejecting millions of viable candidates, say the study’s authors. It’s contributing to the problem of “hidden workers” — individuals who are able and willing to work, but remain locked out of jobs by structural problems in the labor market.
The study’s authors identify a number of factors blocking people from employment but say automated hiring software is one of the biggest. These programs are used by 75 percent of US employers (rising to 99 percent of Fortune 500 companies) and were adopted in response to a rise in digital job applications from the ‘90s onwards. Technology has made it easier for people to apply for jobs, but also easier for companies to reject them.
The exact mechanics of how automated software mistakenly rejects candidates are varied, but generally stem from the use of overly simplistic criteria to divide “good” and “bad” applicants.
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