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NRMLA, MBA provide comments on HECM application, origination documents

Housing Wire

In particular, HUD Form 92900–C is designed to “collect loan-level data that is needed for insuring purposes and not found on Fannie Mae form 1003,” according to the original announcement. Following an announcement that the U.S. HUD also plans to replace its use of some internal forms, including one used in conjunction with U.S.

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HUD seeks public comment on updates to reverse mortgage documents

Housing Wire

Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, according to a notice published this week in the Federal Register.

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DocMagic adds ADA-compliant loan documents to its library

Housing Wire

Digital lending solutions provider DocMagic announced this week that it has added ADA-compliant mortgage loan documents to its document library. The new digital documents are accessible to visually impaired users and others with disabilities, unlocking opportunities for these consumers into the broader mortgage market.

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ACES Announces Partnership with Document Processing Firm Infrrd

Appraisal Buzz

ACES Quality Management is partnering with Infrrd to provide AI-powered intelligent mortgage document processing to clients. With a focus on research, innovation and customer-centric automation technology, Infrrd has launched a new platform designed to streamline pre-close and post-close auditing processes.

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Florida-based LO accused of falsifying documents

Housing Wire

She allegedly created phony prepaid debit card statements designed to serve as records of the borrowers withdrawing the monthly child support payments. The DOJ contends the loan officer would then submit loan applications with the phony supporting documents to her company’s underwriting department.

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Latest Ocrolus offering is designed specifically for mortgage lenders

Inman

The leader in artificial intelligence-driven financial document automation has combined three of its solutions into a mortgage dashboard for classifying, capturing and analyzing borrower documents.

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Trapeze for Mortgage Automation from SoftWorks AI converts documents to data with accuracy and speed

Housing Wire

Trapeze is a purpose-built solution designed to streamline different aspects of the mortgage lifecycle, from origination to post-close review, by converting documents to data with extreme accuracy and speed. SoftWorks AI’s Trapeze for Mortgage Automation is where mortgage and AI expertise meet.

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