Housing Wire

MARCH 11, 2024

Solutions within Floify Lender Edition allow lenders to improve recruitment and retention of top-producing loan officers and to navigate regulatory landscapes, according to the company’s website. Floify Lender Edition is a counterpart to Broker Edition , which was rolled out in December.

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Mortgage Loan Officers Real Estate Agent Design 361

Housing Wire

NOVEMBER 17, 2023

In court documents, Summit and Pennington admitted they signed a confidentiality agreement in March but denied other accusations, including that Pennington used information from Movement to target its loan officers matching characteristics that would fit Summit’s business. million in unpaid compensation.

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Loan Officers Legal Retail Finance 310

Appraisal Buzz

MAY 23, 2024

Truity Credit Union , a member-owned credit union with locations in Oklahoma, Kansas and Texas, is using Dark Matter’s Empower loan origination system to provide loan officers and members a modern, mobile-friendly experience across home purchase, refi, home-equity and construction loan originations.

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Loan Officers Modernization Construction Lending 195

Housing Wire

FEBRUARY 29, 2024

Mike, a North Carolina-based loan officer, had two loans closing in mid-January. The contrast between the deals was striking. “I have a loan closing today for first-time homebuyers who didn’t really press me on pricing,” he said. Image generated by AI in MidJourney.

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Loan Officers Mortgage Lending Real Estate Agent 362

Housing Wire

AUGUST 21, 2023

Elizabeth Martin, a former loan officer assistant of UHM, filed suit against the lender alleging sex and/or pregnancy under the Missouri Human Rights Act and Title VII of the Civil Rights Act in the 16th judicial circuit court of Jackson County, Missouri early this year. Hastings, a branch manager and loan officer, on Aug.

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Housing Wire

NOVEMBER 30, 2022

The solution leverages the power of innovative, integrated technologies to not only simplify the mortgage application and approval process for borrowers, but also to improve the backend process for loan officers. Borrower Digital is further enhanced with Black Knight’s companion solution Loan Officer Digital.

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Loan Officers Technology Clients Design 347

Housing Wire

MARCH 4, 2024

Guideline Buddy’s chatbot leverages generative AI technology to simplify the loan qualification process by providing swift and accurate information, freeing professionals from the time-consuming burden of sifting through extensive documentation, the firm said.

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Loan Officers Tools Design Technology 345

Housing Wire

JANUARY 25, 2024

From at least August 29, 2022 to December 2, 2022, individuals who were not licensed as loan officers (LOs) in Connecticut acted as LOs by taking residential mortgage loan applications , soliciting Connecticut borrowers for mortgages and offering or negotiating terms of mortgages, according to the order issued earlier this month.

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Loan Officers Mortgage Finance Lending 327

Housing Wire

SEPTEMBER 14, 2023

High value is what we’re doing with Angel Ai: really calculating income, really reviewing documents, really running through tens of thousands of pages of federal and agency regulations and finding the best path. We have people reviewing documents to make sure that the OCR is correct. But high value? And AI can deliver that.

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Loan Officers Technology Mortgage Training 373

Housing Wire

MARCH 30, 2023

A Worker Adjustment and Retraining Notification (WARN) filed with the New Jersey Department of Labor and Workforce Development shows the job cuts will affect mortgage loan officers, final “docs” associates, desktop support professionals and business solutions architects, among others. “As

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Retail Loan Officers Legal Technology 369

Housing Wire

FEBRUARY 2, 2024

Most of last year’s top-producing loan officers at Draper and Kramer Mortgage Corp. In addition, DKMC will also withhold certain costs and fees, including early payoffs and early payment defaults, “that may occur after the termination when calculating the final compensation payment to the Loan Officer.“

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Loan Officers Human Resources Law Mortgage 366

Housing Wire

JANUARY 19, 2024

Country Club Mortgage , a home lender based in California , has decided to lay off over 100 employees due to “facility closures,” documents sent to state regulators show. It also says it processes, underwrites and funds loans in-house. More than 50 mortgage loan officers were let go.

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Human Resources Mortgage Loan Officers Finance 378

Housing Wire

JANUARY 23, 2024

Product Fast Facts #1 Robust flagship LOS and mobile apps for borrowers, loan officers, correspondents, and brokers. Plus, standalone solutions for settlement agents, servicers, and document management. #2 From application through servicing, our platform drives efficiency and ensures compliance and scalability.

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Lending Architecture Loan Officers Tools 268

Housing Wire

JANUARY 2, 2024

“They have let branch managers and loan officers go and say they are transitioning to a broker [shop].” ” A former processor confirmed that “all staff was let go, from operations to loan officers.” . “It shocked everyone as no communications were sent out,” a former employee said.

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Loan Officers Lending Mortgage Insurance 398

Housing Wire

JUNE 16, 2023

SimpleNexus , a homeownership platform developer for loan officers, borrowers, real estate agents, and settlement agents, announced this week a new integration with Empower, the loan origination system (LOS) from Black Knight.

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Loan Officers Real Estate Agent Technology Real Estate 319

Housing Wire

APRIL 18, 2024

A former loan officer at Guaranteed Rate (G-Rate) has sued the lender and two managers for allegedly discriminating against her on the basis of gender, failing to compensate her equally to male coworkers with similar performance and subjecting her to sexual harassment.

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Loan Officers Human Resources Contracts Mortgage 388

Housing Wire

MAY 4, 2022

LoanSnap has unveiled a cloud-based portal called LoanFLow that will allow licensed brokers and loan officers in the U.S. The company says its new LoanFlow portal will allow originators to close loans in as little as 24 hours and in 15 days on average, the company said. to originate mortgages anywhere at any time.

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Loan Officers Technology Tools Training 296

Housing Wire

AUGUST 20, 2020

Other reports offered include trend, loan officer, and title/lender intersection reports that DataTrace said can be used to identify and compare relationships between title companies and lenders.

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Loan Officers Marketing Property Taxes Business 430

Housing Wire

OCTOBER 24, 2023

It also offers a native mobile application, which gives more flexibility to loan officers. Last September, Finastra announced another integration with LoanLogics, a mortgage loan quality automation provider. This integration enhances lender capabilities and facilitates document processing and income calculation.

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Loan Officers Retail Lending Marketing 381

Housing Wire

NOVEMBER 30, 2021

Borrowers can continue to use Borrower Digital to track their application process, as well as communicate with their loan officer, helping to reduce processing delays and enhance the overall mortgage loan experience. Only relevant information is required, which helps streamline processing and improve the experience.

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Loan Officers Mortgage Design Technology 303

Housing Wire

MARCH 8, 2022

With BeSmartee RealDeals, lenders can facilitate enhanced collaboration between borrowers, loan officers, realtors and other external agents for successful real estate transactions. Using one, powerful system of record, borrowers, loan officers and realtors will be able to easily communicate to check the progress of the loan. #2.

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Loan Officers Realtors Tools Agents 306

Housing Wire

MAY 29, 2024

In a prepared statement, Kind Lending President Yvonne Ketchum added that Richards will enhance operational efficiency as Kind continues to grow and innovate. According to the Nationwide Multistate Licensing System (NMLS), Kind Lending had 87 sponsored loan officers and 23 active branches as of Wednesday. The lender originated $1.26

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Lending Loan Officers Retail Legal 265

Housing Wire

OCTOBER 10, 2023

And they’re starting to ignore compliance or entering into agreements without fully documenting and monitoring them like they should, hoping they’ll make it through this downturn.” That’s because real estate agents and loan officers are in survival mode and desperate to close new business.

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Real Estate Agent Loan Officers Real Estate Agents 402

Housing Wire

MAY 23, 2024

And we have 500 loan officers that are on the street every day and I can always go to them for ideas. We’ve always owned our own loan application — it’s something we’ve built. And then we’re working on introducing AI-enabled OCR so we can real-time compare documents using AI to catch things.

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Loan Officers Lending Technology Development 333

Housing Wire

OCTOBER 4, 2022

Users can also streamline cost estimates and documents mandated by the TILA-RESPA Integrated Disclosure Rule (TRID) such as the Loan Estimate (LE). This integration makes accurate fees available instantly from a sizable population of the title agent community,” Jim Paolino, the CEO of LodeStar, said in a statement.

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Human Resources Loan Officers Insurance Tools 391

Housing Wire

JANUARY 8, 2024

Through the partnership, loan officers can introduce their clients to an RIA within Encompass. ICE identified north of $300 million worth of opportunities for the company to go after which includes cross-selling data and document automation platform to the entire Black Knight’s mortgage servicing system.

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Clients Investing Mortgage Technology 359

Housing Wire

SEPTEMBER 24, 2022

Caliber Home Loans , owned by publicly-traded Rithm Capital , issued pink slips to at least 300 employees earlier this week as soaring mortgage rates thin out already-declining origination volume. An internal document viewed by HousingWire details which jobs were eliminated as part of the reduction in force on Tuesday.

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Loan Officers Development Mortgage Finance 404

Housing Wire

JUNE 10, 2022

Loan officers, processors, and underwriters alike now have access to use Touchless Lending’s Optimized Workflows to engage with data and make decisions faster, instead of relying on physical documentation and manual data entry.

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Loan Officers Lending Retail Appraisal 323

Housing Wire

FEBRUARY 14, 2024

With the acquisition of Academy, Guild will be onboarding nearly 200 branches and 1,000 new employees, about 600 of which are loan officers. Approximately 200 employees will be laid off, the majority of which are based in Academy’s home office in Draper, Utah, Schmidt said. Guild Mortgage ’s acquisition of Academy Mortgage Corp.

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Retail Mortgage Loan Officers Construction 393

Housing Wire

APRIL 20, 2023

Denver-based brokerage franchise Motto Mortgage , owned by RE/MAX , has accused broker shop UMortgage of “tortious interference” in its contract with a former franchisee called TRB Solutions, whose controlling member was Breon Price, the top-producing loan officer. According to a lawsuit filed in March in a U.S

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Contracts Loan Officers Legal Best Value 348

Housing Wire

SEPTEMBER 26, 2023

Ocrolus , an AI-driven financial document automation platform, has launched an enhanced dashboard for mortgage lenders, the company announced on Tuesday. Ocrolus already offers technologies to index documents automatically and to extract key information from documents using AI computer vision and human validation.

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Mortgage Technology Lending Tools 332

Housing Wire

DECEMBER 15, 2023

” attorneys for Movement wrote in the document, which was filed on Dec. The company claims Summit, founded in 1995 by Scrima, “had fewer than 200 loan officers until Scrima engaged in a desperate and unlawful scheme to copy Movement’s successful business model.” 12 in the U.S.

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Legal Loan Officers Retail Business 348

Housing Wire

SEPTEMBER 20, 2023

Floify’s platform features a secure communications and document management portal and an e-signature option between lenders, borrowers, real estate agents and referral partners, according to the firm’s website.

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Technology Real Estate Agent Loan Officers Clients 342

Housing Wire

OCTOBER 4, 2023

Indiana-based First Savings Bank plans to lay off over 100 mortgage employees in the coming months, according to documents filed with authorities in multiple states. And the bank has about 46 active loan officers in 57 branches, the data shows. Its volume declined from $1.1 billion in 2021 to $370 million in 2022.

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Human Resources Mortgage Tenants Lending 408

Housing Wire

DECEMBER 11, 2023

On the heels of regulatory pressure, Wells Fargo adjusted its policies in 2023 that would require hard documentation of competitive bids, sources told CNBC. Wells Fargo received the MRA from the CFPB a couple of months before the company announced it was scaling down its mortgage business in January.

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Mortgage Lending Law Loan Officers 406

Housing Wire

FEBRUARY 22, 2023

The relationship between a loan officer and a real estate agent is one of the most important pieces of the puzzle, as the two must combine forces to help borrowers achieve their goal of buying a home. The event that strengthens bonds Ultimately, loan officers should aim to be a valuable partner to the real estate agents you work with.

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Real Estate Real Estate Agent Loan Officers Agents 344

Housing Wire

MAY 29, 2024

Other lenders said if it’s on the bank statement, then we need to verify and document it, see how many months are left and what the monthly payment is.” In the mortgage space, loan officers, brokers and lenders are trying to figure out the best way to deal with this type of debt amid what they call a lack of guidance or transparency.

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Mortgage Clients Sellers Loan Officers 347