March 2022 – Page 4

WORD OF THE DAY: Meritocracy

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[mer-it-OK-rə-see] Part of speech: Noun Origin: British English, 1958 Definitions: 1. A government system in which power and advancement is based upon talent and performance, rather than birthright or wealth 2. Any organizational structure in which people are judged based on achievement Examples of Meritocracy in a sentence “Democratic elections promote a meritocracy, instead of a monarchy, where power is passed down through the family.” “The company has become more of a meritocracy, with

SmartRent Named Winner in HousingWire Tech 100 Awards

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Recognized for its technology and corporate hypergrowth, PropTech leader featured on list of most innovative companies in modern real estate SmartRent, a leading provider of smart home and smart building automation for property owners, managers, developers, homebuilders and residents, announced its recognition on HousingWire’s competitive Tech100 list for the second consecutive year. The Tech100 program aims to provide housing professionals with a comprehensive list of the most innovative and impactful organizations that

Incenter Adds Mortgage Due Diligence and Document Management to its Offerings through Edgemac

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From Origination to Securitization, Edgemac Services Enable Mortgage Industry Participants to Better Evaluate Assets and Mitigate Risk Building on its mission to improve the performance of the mortgage industry, Incenter LLC has added Edgemac to its family of 11 companies. Founded in 2006, Edgemac helps investors, originators and other industry participants evaluate loan quality so they can make informed risk management decisions when buying, selling or securitizing mortgages. The company offers loan

Patch of Land Rebrands and Announces New Company Name, Patch Lending

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Patch of Land, one of the nation’s leading private money lenders for real estate investors (REIs), has announced its official rebranding and the unveiling of its new company name, Patch Lending. The rebranding includes a new graphic identity for the company, complete with a new website and logo under the Patch Lending brand name. The rebranding effort reflects the company’s sole focus on helping real estate investors across the country

WORD OF THE DAY: Profundity

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[prə-FUN-də-dee] Part of speech: Noun Origin: Late Middle English, late 14th century Definitions: Deep insight; great depth of knowledge or thought; great depth or intensity of a state, quality, or emotion. Examples of Profundity in a sentence “Critics praised the artist’s second album for the profundity of the lyrics.” “Even astronomers get swept up by the profundity of space.” About Profundity This word originally meant “the bottom of the sea,” used to describe vastness and

MORTGAGE LENDING ACROSS U.S. DROPS AT FASTEST PACE IN ALMOST THREE YEARS DURING FOURTH QUARTER

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Overall Loan Activity Down 11 Percent Lending Down at Fastest Rate Since Early 2019 Refinance, Purchase, Home-Equity Mortgages All Down Quarterly ATTOM, a leading curator of real estate data nationwide for land and property data, released its fourth-quarter 2021 U.S. Residential Property Mortgage Origination Report, which shows that 3.27 million mortgages secured by residential property (1 to 4 units) were originated in the fourth quarter of 2021 in the United States.