Housing Wire

MARCH 12, 2024

Mortgage capital markets tech firm Polly rolled out its Lender Intelligence platform, which leverages data and analytics to drive margin expansion and cost reduction. Since its launch in 2019, the California fintech company has raised about $57 million in three rounds of funding.

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Housing Wire

APRIL 25, 2024

Photo credit: AJ Canaria It was initially billed as a discussion centered on the “biggest threats to a healthy mortgage landscape for homebuyers,” but some breaking news disrupted some of those plans. The session featured Developer’s Mortgage Co. Essentially, all risks can be calculated, quantified and translated into dollars.

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Housing Wire

AUGUST 8, 2023

Product Fast Facts #1 Leverages artificial intelligence to calculate property condition in real time using borrower-supplied property photographs #2 Scores subject address against comparable properties using Black Knight’s Complexity Profiler to create a condition-adjusted valuation #3 Calculates available equity using Black Knight’s property data (..)

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Housing Wire

FEBRUARY 22, 2024

Mortgage rates continued their ascension toward 7% this week, raising doubts about the approaching spring homebuying season. The 30-year fixed-rate mortgage averaged 6.90% as of Feb. 22, an increase from last week ’s figure of 6.77%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

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Housing Wire

NOVEMBER 27, 2023

The Mortgage Bankers Association (MBA) this week appeared to relay caution to its members about the announcement from the Federal Housing Finance Agency (FHFA) last week that it had published a new, final rule on the Enterprise Regulatory Capital Framework (ERCF) related to commingled securities. 27 advocacy update. “The 27 advocacy update.

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Housing Wire

OCTOBER 22, 2021

Rocket Pro TPO helps accelerate the entire mortgage process with underwriting speed and by offering brokers’ clients the information they need in a concise and clear format. . TPO Pricing Calculator Provides Fast Access to Loan Information. Rocket Pro TPO recently redesigned its pricing calculator to make it easier than ever to use.

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Tools Clients Technology Real Estate Agent 379

Housing Wire

APRIL 21, 2021

As part of the landmark CARES Act passed in 2020, Congress stipulated that mortgages in forbearance as a result of COVID-19 must be reported as “current” on credit reports. The three primary credit bureaus, Experian , Transunion , Equifax , are reporting all mortgages in forbearance as current.

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Housing Wire

JANUARY 23, 2024

Gateless: Smart Underwrite Smart Underwrite represents a paradigm shift in mortgage lending. 3 Interprets, analyzes, and calculates data using 3 rd party service reports, e.g., credit, income, asset verification, or borrower supplied documentation. Conditions and tasks cleared without human intervention.

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Housing Wire

NOVEMBER 8, 2022

LodeStar Software Solutions, a provider of compliance tools for mortgage lenders, has partnered with loan origination system and software provider LendingPad, it announced on Tuesday. The aim of the partnership is to introduce LodeStar Discovery, a closing fee calculator, to mortgage loan originators using the LendingPad platform.

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Housing Wire

JANUARY 23, 2024

Chicago, Illinois-based mortgage tech firm Gateless announced an integration of its Smart Underwrite solution product with The Work Number – a digital verification solution – from consumer credit reporting agency Equifax.

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Technology Mortgage Business 393

Housing Wire

NOVEMBER 28, 2023

Rapidio , a mortgage underwriting technology provider, on Monday released the income assessment component of its underwriting product, FlexStack Component System. It validates, verifies, calculates and assesses guideline eligibility before presenting the entire income story to underwriters who make the final assessment.

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Housing Wire

JUNE 28, 2022

Mortgage technology provider Roostify is hoping to bring in more self-employed borrowers by adding mortgage automation provider Indecomm ‘s automated income calculation technology, it announced Tuesday. Roostify claims to be better positioned to weather the cyclical mortgage industry.

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Technology Government Mortgage Lending 346

Housing Wire

OCTOBER 27, 2022

Neville said he is leaving LoanLogics, a data-driven mortgage audit, income calculation and loan quality software provider, in the “capable hands” of Parker. His professional career spans three decades and roles in companies of varying growth stages, with leadership positions at Fiserv, CoreLogic and Wells Fargo Home Mortgage.

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Technology Mortgage Lending Business 358

Housing Wire

APRIL 11, 2022

LoanLogics this week rolled out LoanBeam Wage, a new automated tool that enables lenders to calculate borrower’s income quickly by using paper-based paystubs and W2s. The post LoanLogics rolls out automated income calculation tool appeared first on HousingWire.

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Tools Technology Mortgage 368

Housing Wire

FEBRUARY 13, 2024

homeowners with outstanding mortgages, or some 63% of all homes, equity tied up in real estate jumped by 6.8% It features tools for data visualization of home value, mortgage debt and current equity, as well as estimates for up to 10 years. The borrower is not required to repay the loan via monthly installments.

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Housing Wire

OCTOBER 24, 2023

“The integration with Insellerate’s CRM and marketing automation solution will provide our customers with the ability to enhance outreach and engagement with their customer bases directly from our platform.” Last September, Finastra announced another integration with LoanLogics, a mortgage loan quality automation provider.

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Housing Wire

APRIL 21, 2023

It’s been delayed, but that’s not enough for the mortgage industry. “There is a reason the revised general Qualified Mortgage (QM) definition excludes the DTI ratio: Studies demonstrate that as a stand-alone measure, DTI is not a strong indicator of a borrower’s ability to repay.”

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Housing Wire

MAY 24, 2022

Indecomm Global Services , a New Jersey-based mortgage automation and services provider, aims to court more lenders through its new automation-enabled origination solution, GeniusWorks, which is intended to cut the cost of middle-office origination functions: set-up, processing and underwriting.

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Housing Wire

SEPTEMBER 25, 2023

Data provider Curinos partnered with Polly , a software-as-service mortgage technology firm, aimed to support lenders’ effective margin decisions. “Our partnership will enable clients to seamlessly analyze their market position and support effective margin decisions without leaving their pricing engine.

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Housing Wire

JANUARY 31, 2024

RealTrends has been tracking housing market data since 1979, including households, home sales, average mortgage rates , etc. One of the most important calculations we do each year is measure the percentage of all households that purchased a home, whether new or existing, in a given year. How bad was last year?

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Housing Wire

NOVEMBER 28, 2023

CubiCasa , a Finland-based proptech company, partnered with OneKey MLS – a major mortgage licensing system (MLS) serving the New York Metropolitan area – to provide user-friendly floor plan creation tools.

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Housing Wire

JULY 8, 2022

“Limiting these families’ homeownership opportunities because of the unavoidable impacts of an unprecedented global health crisis, when they are otherwise well-qualified for a mortgage, is unnecessary.”.

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Housing Wire

JANUARY 27, 2023

Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.” Mortgage applications have been trending higher alongside lower mortgage rates, pending-home sales are up, and home builder confidence increased in January.” compared to December 2021.

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Housing Wire

JANUARY 6, 2022

Rocket Companies announced this week that its CEO Jay Farner has stepped away from his role as Rocket Mortgage CEO, to assume the role of CEO of Rocket Central , the mortgage company’s fintech platform. Bob Walters, COO of both Rocket Companies and Rocket Mortgage, has stepped into the role as CEO of Rocket Mortgage.

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Housing Wire

JANUARY 27, 2022

Wells Fargo agreed to pay $12 million to more than 1,800 mortgage borrowers to resolve a class action lawsuit that alleged the bank’s clients had loan modifications wrongfully denied due to calculation errors in the bank’s system. A spokesperson for Wells Fargo, the largest depository residential mortgage lender in the U.S.,

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Housing Wire

FEBRUARY 28, 2023

Digital mortgage lender and nonbank home loan provider Better.com has launched “Equity Unlocker,” a mortgage innovation that allows employees to pledge vested stock equity as collateral for a down payment without selling their stock. Many companies provide their employees with equity over cash, adding to this issue.

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Mashvisor

JULY 31, 2021

How much of a house can I afford? Asking this question is a crucial first step when buying a home, especially as a first-time buyer. A good rule of thumb…

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Housing Wire

NOVEMBER 2, 2022

The National Association of Mortgage Brokers ( NAMB ), a trade association representing mortgage professionals and homebuyers since its establishment in 1973, announced its agenda for 2023 at it NAMB National conference. How lenders can break through a siloed mortgage ecosystem. the newly appointed board president of NAMB.

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Appraisal Buzz

JULY 19, 2021

Non-agency lender Deephaven has announced new income qualification options that are designed to enable brokers and correspondents to compete for more credit-worthy borrowers who are locked out of agency mortgages.

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Housing Wire

MAY 10, 2023

The expectation that the Federal Reserve might be done with hiking rates spurred the mortgage market last week. The MBA data shows that mortgage applications increased 6.3% retail residential mortgage applications. Borrowers’ demand followed a decrease in mortgage rates. for the week ending May 5 from one week earlier.

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Mortgagebroker News

SEPTEMBER 18, 2023

Find out how you can use it as part of your business

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Housing Wire

MARCH 14, 2024

Lisa Moriello, the national retail reverse mortgage sales manager at multichannel lender loanDepot , recently spoke to RMD about how business in 2024 seemed to be off to a promising start. Diving deeper into the current reverse mortgage business environment, she offered additional perspectives on multiple topics.

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Housing Wire

OCTOBER 11, 2021

This improvement came as monthly mortgage payments fell by 1.1% As of August 2021, the 30-year fixed mortgage rate was 2.89% compared to 3% a year prior. To calculate the housing affordability index, a 20% down payment and a 25% ratio of principal and interest payment to income, is assumed. in the same time period. from 15.1%.

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Housing Wire

APRIL 6, 2023

Mortgage rates fell again this week, but the primary cause was not the banking crisis fiasco. According to Freddie Mac ’s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage declined to 6.28% as of April 4, down from 6.32% the previous week. range mid-week, and mortgage rates also tracked lower,” Jones added.

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Housing Wire

APRIL 10, 2024

However, data on rents enter the CPI calculation with a lag—sometimes by as much as 12 to 18 months. Meanwhile, mortgage rates have steadied recently. “Rents have been coming down in many parts of the country as record levels of new apartments were delivered in 2023,” Sturtevant said. in March, the sixth month in a row below 2%.

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Mortgage Housing Market Marketing Finance 438

Housing Wire

AUGUST 11, 2021

Coheus is an easy to use point and click solution designed with the thought leadership of 300 mortgage executives. #2. Our ROI calculator quantifies the benefits. #3. The post Mortgage Tech Demo Day: Teraverde appeared first on HousingWire. Product Fast Facts. #1. Coheus is an ‘out of the box’ solution. Get More Info.

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Housing Wire

NOVEMBER 1, 2022

Mortgage tech firms Mortgage Coach and Polly have teamed up on a new application programming interface (API) integration that guides borrowers through a visual representation of their loan options. The new API integration will feed real-time data from Polly’s cloud-based PPE into Mortgage Coach’s total cost analysis (TCA) presentation.

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