Remove 2013 Remove Lending Remove Loan Officers Remove Technology
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SimpleNexus secures $108 million in Series B funding round

Housing Wire

The platform allows loan officers to become “mobile originators,” using their smartphones to view applications, pull credit reports and oversee all aspects of the loan process while connecting in real-time to their LOS. billion.

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Interfirst, the phoenix of mortgage, lays off hundreds

Housing Wire

By July 2013, things were going so well that Godin and his wife purchased a lakefront mansion in Winnetka, Illinois, for nearly $13 million , a record for the posh Chicago suburb. The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017.

Mortgage 339
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The strategy behind UWM’s multibillion dollar investment

Housing Wire

Ishbia, who started running his father’s mortgage firm in 2013 and has since grown it into the country’s No. Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%.

Investing 402
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MBA economists: The overcapacity that still needs to be cut

Housing Wire

The first category is real estate credit, which covers most establishments focused on lending with real estate as collateral. The second category is mortgage and non-mortgage brokers, which includes establishments that facilitate lending by bringing borrowers and lenders together.

Lending 382
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Appraisal Risk, Reviews, and Revisions

Appraisal Today

Today, while there still remains some stickiness to the QC revision process, a recent survey completed by The STRATMOR Group commissioned by appraisal management technology company Reggora, indicates 25% of appraisal reports require some form of revision. Excerpts: Completed in 2013, the 50,738-square-foot compound has six bedrooms, 8.5