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What happens when borrowers have more control of the lending process?

Housing Wire

Yet borrowers have had limited agency in the lending process to date. FormFree, the ATP fintech led by HousingWire Tech Trendsetter Brent Chandler , is launching a blockchain-based exchange for consumers to take control of the lending process. ” How it works. A bigger vision. “We’re

Lending 409
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Non-QM lender Athas Capital Group ‘bows out like gentlemen’

Housing Wire

Industry veterans Alim Kassam, Brian O’Shaughnessy and Kevin O’Shaughnessy founded Athas Capital Group and its in-house financing arm Rama Capital when the financial crisis hit the country in 2008. Since 2008, it has funded over 14,000 loans, reaching $5.5 Since 2008, it has funded over 14,000 loans, reaching $5.5

Lending 431
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IMBs have a duty to serve lower-income communities

Housing Wire

Bank CRA obligations cover far more than their mortgage lending. It extends to their checking and savings accounts, small business and community development debt and equity financing, bank branch locations, financial literacy, grantmaking and more. We recognize that a duty to serve applied to IMBs may require a flexible approach.

Lending 461
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F2 Finance wants to capitalize on a fragmented fix-and-flip market

Housing Wire

So fix-and-flip lending is directly helping that supply and demand issue in terms of creating new housing stock or upgrading what would otherwise be dilapidated housing stock,” Faes said. We are able to essentially lend against the asset and move very quickly,” Faes said. LendInvest has more than $4.7 billion (£3.7

Finance 350
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How non-QM lender A&D Mortgage grew origination volume in 2022

Housing Wire

We are doing a lot of research and development in it and artificial intelligence,” Slyusarchuk said. “We While investor bonds were scarce, A&D securitized its loans and sold the bonds, leading to seven securitization deals in 2022. The lender securitized four deals in 2021. We’re picking up some of the guys from conforming loans.”

Mortgage 396
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Data automation is the next frontier of mortgage tech?

Housing Wire

According to a recent MBA report, per-loan production expenses reached $8,664 in 2021, compared to $ 7,578 in 2020, the highest level since the inception of their report in 2008. We’ve made a lot of progress,” said Thomas Wind, executive vice president of consumer lending at the U.S. Bank Home Mortgage.

Mortgage 395
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Interfirst Mortgage to lay off nearly 50 LOs

Housing Wire

To run the hub, the company hired Casey Nunn, a former Rocket Mortgage and Homepoint executive, as the vice president of wholesale lending. Interfirst was founded in 2001 as a retail originator and then expanded to the wholesale channel and the correspondent channel in 2008 and 2011, respectively.

Mortgage 376