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What mortgage lenders need to know about wholesale

Housing Wire

As the top mortgage lender, we are always building, growing and improving broker tools on a daily basis. In 2020 and 2021 when refinances were booming, we saw every lender thriving. And those tools are just the start. These tools come at no cost to the originator, which is a huge cost savings to the broker as well.

Mortgage 364
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What MBA’s forecast means for mortgage originators

Housing Wire

Michael Fratantoni and his staff made national news at the MBA’s annual virtual convention, releasing a projection for 2020 of $3.18 2021 is expected to show refinance volume being cut nearly in half by just over $800bb, almost 50% of 2020. Purchases in 2021 should be roughly $350bb larger than 2019, and $120bb bigger than 2020.

Mortgage 419
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Katherine Copeland Officially Joins Business Development Team

Lamacchia Realty

We are thrilled to announce the latest addition to the Lamacchia Realty Business Development team, Katherine Copeland ! Katherine will now take on the role of a Business Development Consultant, transitioning from a Business Development Administrative Assistant. Katherine first started at Lamacchia back in 2020 as a REALTOR®.

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AmeriHome puts emphasis on long-term client relationships and scalability

Housing Wire

AmeriHome employees have been working from their homes since March 2020 and as a result of the company’s attention to disaster planning and business continuity practices, service level impacts were negligible for its client base, even in the dark days of March and April.

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The risks and benefits of non-traditional appraisal methods

Housing Wire

Aqil Ahmed: The year 2020 was an unprecedented one, with the global pandemic and economic uncertainty impacting each of us in one way or another. Smart innovation and prudent risk management tools are needed to assess the risk profile of the loan and the property. HW: What is the No.

Appraisal 340
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Roostify launches first of many AI-powered APIs on home lending platform

Housing Wire

The development teams inside of a lender’s business can implement the capabilities anyway they like, and configure it to their current digital experience, tech stack, and use case, Bhat explained. A super useful tool, given the tech can trigger additional steps if needed in what would typically be a paper-leaden trail.

Lending 321
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Loan buybacks haven’t disappeared, but they are trending down

Housing Wire

Policing loans Even as the agencies have become more aggressive in loan repurchases in the past several years, particularly in the wake of record origination volumes in 2020 and 2021, data seems to indicate that lenders have also become more vigilant in policing loan originations to ensure quality control (QC).

Investors 399