2020 Lending Loan Officers Modernization 
Housing Wire
APRIL 9, 2024
Modern-day redlining persists, and it’s costing lenders millions in legal fees. The true cost of redlining Lenders need to carefully evaluate their lending strategies to ensure that they are not unintentionally practicing redlining by neglecting MMCT and LMI neighborhoods, or they may face millions in penalties.
Housing Wire
AUGUST 31, 2023
However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. And as a loan officer (LO), why should I care? A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years.
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Housing Wire
MARCH 25, 2021
The capital raise follows a $5 million Series A funding round in June 2020. In short, their AI platform, which is built on aggregated loan data from its network, allows loan officers, processors and underwriters to offload manual, arduous tasks. Clients include Credit Union of Colorado , Texas Lending and JMAC Lending.
Housing Wire
JUNE 2, 2023
District Court for the Eastern District of Pennsylvania , ESSA “failed to provide mortgage lending services and did not serve the credit needs of majority-Black and Hispanic neighborhoods in the Philadelphia metropolitan area” from 2017 to 2021. According to a complaint filed by DOJ in the U.S. It is simply the right thing to do.”
Housing Wire
DECEMBER 31, 2021
Lenders will have to “manage expenses and improve customer service in a purchase market,” Tom Wind, executive vice president of consumer lending with U.S. One of the ways that lenders “manage expenses” has historically been by laying off processors and loan officers. Bank Home Mortgage , said at the MBA Annual convention.
Housing Wire
JULY 13, 2021
OriginPoint has a Chicago address, and it is actively looking for loan officers, according to OriginPoint’s website. After a relatively slow start, Guaranteed Rate Affinity took off in 2020 – its equity earnings jumped to $126 million compared to $15 million a year earlier, according to Realogy’s public filings.
Housing Wire
OCTOBER 6, 2020
Lending technology out of focus. Focusing our efforts to leverage big data and smarter automation on the front end of the loan origination process made sense in the beginning when the mortgage industry was entering the digital age. Borrowers were not comfortable turning over their credentials to loan officers or processors.
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