Housing Wire
OCTOBER 10, 2023
That’s because real estate agents and loan officers are in survival mode and desperate to close new business. For lenders and brokerages, the risks of LOs or agents overstepping are high. A CFPB enforcement action could “force already financially weakened lenders into bankruptcy,” Selden said.
Housing Wire
MARCH 22, 2023
Homebot , a home education portal that keeps people connected to their loan officers and real estate agents, acquired Quo Finance , a mobile app for first-time homebuyers. Homebot was co-founded by Ernie Graham and Ira McMahon in 2015 with a vision to help people make smart financial decisions with their homes.
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Housing Wire
MAY 3, 2023
On Friday afternoon, my real estate agent called with good news. The agent wished me well and said that she would appreciate a review on her website. I had sought out the agent because she had the best track record in the area, worked with a lot of investors on the buy side, and had a history of closing quickly.
Housing Wire
FEBRUARY 15, 2023
Steinway left Guaranteed Rate last month, eight years after he returned to the Illinois retail lender in January 2015. He was the fourth mortgage loan originator to join Guaranteed Rate in 2000. He then transitioned to PHH Home Loans in 2001 for an in-house lending stint, a role he stayed in for about nine years.
Housing Wire
MARCH 16, 2022
Founded in 2015, Maxwell uses artificial intelligence to accelerate the mortgage process for over 300 community lenders, banks, and credit unions. The company claims that they close loans 13 days faster and enable their loan officers to close around 15% more loans per month. Are digital closings really worth it?
Housing Wire
JUNE 8, 2022
The firm’s software — which it says streamlines the loan origination process by allowing document sharing and communication between loan officers and real estate agents — helped to close more than 77,000 mortgage applications per month, according to Porch. So it’s like middle-office, later stage workflow.
Housing Wire
NOVEMBER 2, 2022
When TRID requirements were introduced in 2015, title agents quickly realized that this was not a form change. A real estate agent or loan officer who can get an updated status on a pending file without having to play phone tag. Instead, it was a process change.
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