Remove 2001 Remove Construction Remove Lending Remove Loan Officers
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A look behind this year’s Tech100 winners

Housing Wire

In eOriginal’s 2020 Tech100 nomination, the company boasted about the efficiency their ClosingCenter product brought to mortgage lending clients; Fairway achieved 80% faster mortgage acceptance by secondary market investors and also realized a 90% reduction in interest expenses to warehouse lenders for mortgages closed using ClosingCenter.

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Some mortgage companies expanding despite challenges

Housing Wire

The company estimates there are about 3 million “aged properties” in the Chicago area alone, with almost 88% of them built before 2001. When we help bring distressed properties back to the market, it’s up to 31% less expensive than a new construction home.”. and Puerto Rico, according to the firm.

Mortgage 384
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Opinion: Solutions to restore housing as an economic growth engine

Housing Wire

But that engine could stall if action isn’t taken to increase the supply of affordable housing and expand opportunities for lending to underserved families. in 2001 to 44.8% Housing costs, particularly at the bottom of the market, have skyrocketed with a limited supply of housing and a severe shortage of construction workers.

Insurance 383