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Lenders, reach more buyers with new credit optimization platform

Housing Wire

Here why CreditXpert’s new platform ā€” that combines the best of Wayfinder and the What-if Simulator ā€” can help you reach more buyers and close more loans. MD: When you look at the three Cā€™s of mortgage lending (capacity, collateral, and credit), credit is the only one that can be changed in the short run.

Buyers 398
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Another lender settles redlining accusations with DOJ

Housing Wire

The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark. Federal officials said similar banks generated five times as many loan applications from prospective Black and Latino home buyers as Lakeland.

Law 393