Housing Wire

MARCH 8, 2023

District Court for the Southern District of Ohio last month, alleged that Park National failed to provide mortgage lending services by redlining majority-Black and Hispanic neighborhoods in the Columbus area from at least 2015 to 2021. The complaint, filed in federal court in the U.S.

Advertising 370

Advertising Lending Modernization Investing 370

Appraisal Buzz

SEPTEMBER 15, 2021

—Digital transformation is underway with a modern approach to appraisal management—. Boston, September 14, 2021 – Reggora , an appraisal software company, improving residential real estate valuation, announced today that Envoy Mortgage has adopted its appraisal management system to help process all loans requiring an appraisal.

Technology 195

Technology Appraisal Modernization Mortgage 195

Housing Wire

MARCH 28, 2024

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. Nevertheless, in 2021, only 36% of completed home-only loan applications were approved; this 64% denial rate has remained relatively unchanged over the last four years.

Business 444

Business Finance Buyers Lending 444

Housing Wire

DECEMBER 17, 2021

14 survey, collected responses from 391 mortgage companies, banks and credit unions from Aug. The survey’s main indicator score reached 128, a 20-point increase from 2020 to 2021. Fair lending laws and regulations have 60% of respondents very or somewhat concerned. 4 to Sept. It’s no mystery why.

Modernization 384

Modernization Lending Law Business 384

Housing Wire

MAY 24, 2021

Our first goal was to make mortgage lending easier and more accessible, but we’ve been intentional in recognizing that our technology can be used to facilitate so much more, including commercial lending, servicing, foreclosure and more,” Ligris said. How modernized servicing creates customers for life.

Technology 413

Technology Lending Investors Modernization 413

Housing Wire

NOVEMBER 18, 2022

Don’t be fooled by last week’s mortgage rate collapse. A combination of elevated mortgage rates, sluggish home sales and inflation continue to plague the housing market workforce, with numerous mortgage lenders and real estate startups shedding employees. Presented by: ServiceLink.

Loan Officers 417

Loan Officers Modernization Finance Housing Market 417

Housing Wire

APRIL 11, 2022

More and more borrowers are looking for a fast, effective mortgage process that involves less paper. We recently spoke to Amanda Hill, Head of Mortgage Solutions at Reggora, about actionable steps lenders can take to overcome barriers to automation. Modern technology is key for lenders who want to stay competitive in this regard.

Modernization 366

Modernization Technology Tools Appraisal 366

Housing Wire

SEPTEMBER 30, 2021

With fluctuating volume, mortgage servicers are still struggling to effectively scale their business. HousingWire: What challenges are mortgage servicers facing this year? Philip Reinking: Mortgage servicers are facing substantial growth but a lack of talent in scaling business growth.

Insurance 342

Insurance Lending Modernization Clients 342

Housing Wire

SEPTEMBER 18, 2020

As lenders continue to adjust to a new normal, the pivotal role of technology has become increasingly clear in maximizing productivity and keeping lending pipelines flowing. HousingWire reached out to Chandler to discuss how COVID-19 has propelled a much-needed modernization among lenders. What are some examples of these strategies?

Business 407

Business Lending Technology Clients 407

Housing Wire

APRIL 21, 2021

Temporary flexibilities related to employment verification, condominium project reviews, and expanded power of attorney are being allowed to expire as scheduled on April 30, 2021, the FHFA said. The government agency also said it plans to retire all temporary selling flexibilities on May 31, 2021.

Real Estate Agent 395

Real Estate Agent Valuation Appraisal Modernization 395

Housing Wire

FEBRUARY 10, 2022

Reverse mortgage software solutions and loan origination system (LOS) provider ReverseVision announced on Thursday morning that it has been acquired by a division of Toronto-based Constellation Software , a holding company that bought another mortgage LOS in 2019. Leadership at Constellation Mortgage Services, Inc.

Development 380

Development Modernization Technology Mortgage 380

Housing Wire

JANUARY 3, 2023

When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect.

Modernization 79

Modernization Real Estate Agent Reconsideration of Value Appraisal Process 79

Housing Wire

NOVEMBER 23, 2022

The current market downturn for mortgage lenders may be shorter than the previous cycles, mainly due to the recent rounds of workforce layoffs imposed by nonbanks. Nonbanks have more than 60% market share of mortgage industry production — and they are more likely than banks to move quickly to reduce capacity.

Marketing 381

Marketing Loan Officers Business Mortgage 381

Appraisal Buzz

AUGUST 9, 2021

There are many facets to the appraisal business: lending, non-lending work, residential, and commercial work. Answer: the appraisers that paid attention to policy changes and the inner workings of the mortgage industry. Most appraisers that focus on federal policy are typically related to mortgage rates.

Appraisal 435

Appraisal Inspection Lending Business 435

Housing Wire

MARCH 1, 2022

In January I received a text message from Dave Savage, CEO of Mortgage Coach. News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). Tech100 Mortgage Winners. Hey Clayton …” and a link.

Real Estate 377

Real Estate Brokerage Real Estate Agent Technology 377

Housing Wire

APRIL 6, 2022

Between the recent rate hike from the Federal Reserve , the ongoing war in Ukraine and continued economic recovery following the pandemic, mortgage lenders across the country are managing a volatile housing market. More rate hikes from the Fed.

Modernization 393

Modernization Mortgage Marketing Design 393

Housing Wire

JUNE 8, 2022

Both plans rely heavily on special purpose credit programs , which allow lenders to target lending to protected classes without violating the Equal Credit Opportunity Act. . “A A September 2021 request for input ahead of the equitable housing finance plans indicated the FHFA would implement the plans by January 1, 2022.

Development 365

Development Finance Government Lending 365

Housing Wire

APRIL 25, 2022

But that all changed with the 2008 financial crisis, in which nonbank lenders made billions in bad mortgage loans, and, as a consequence, would eventually be placed under the supervision of the CFPB (in addition to depositories with $10 billion or more in assets and their servicers).

Modernization 294

Modernization Law Lending Mortgage 294

Housing Wire

JANUARY 27, 2022

billion acquisition of First Midwest to close in “late 2021 or early 2022,” but it first required regulators’ blessing. alleging that the bank carried out redlining in its mortgage lending practices. ” First announced in June, Old National said it expected the $6.5

Advertising 394

Advertising Modernization Retail Development 394

Housing Wire

MARCH 28, 2022

If you’re a mortgage lender, you’re undoubtedly familiar with IRS Form 4506. Nevertheless, the IRS’ initial attempts to update and automate its system didn’t quite align with Congress’ goal to streamline the lending process for small business owners and consumers. In the subsequent years, the IVES system continued to feel outdated.

Modernization 370

Modernization Business Lending Mortgage 370

Appraisal Buzz

JUNE 10, 2021

Clario’s growth is unprecedented, expanding from 30 staff appraisers in 2019 to over 100 by the end of 2020, and is on target to employ 180 staff appraisers by the end of 2021. We specialize in real estate valuations for the mortgage lending and financial services industries. About Clario: Clario Appraisal Network, Inc.

Appraisal 370

Appraisal Valuation Training Real Estate 370

Housing Wire

JULY 27, 2023

If implemented, the changes will affect the mortgage industry–and trade groups are already coming out in opposition to the new regulation. ” The changes would boost capital requirements for large banks’ residential mortgage portfolios compared to international standards. said risk sensitivity is a “double-edged sword.”

Lending 370

Lending Mortgage Insurance Modernization 370

Clear Capital

MAY 7, 2021

The modern appraisal embraces data and technology to gather data differently. Watch this Tech Talk from Mortgage Innovators Conference 2021 to learn how appraisal modernization can help unlock a better, faster, and cheaper appraisal process while closing the gap in unfair lending practices.

Inspection 66

Inspection Appraisal Modernization Appraisal Process 66

Housing Wire

FEBRUARY 17, 2021

For those of us who have been in the mortgage industry for any length of time, we understand the complexities surrounding guidelines, the importance of staying up to date on key changes within the industry and how our communication to both our clients and partners is imperative in order to build and maintain relationships.

Tools 462

Tools Lending Modernization Mortgage 462

Housing Wire

DECEMBER 20, 2021

While the family’s income has been cut by almost half and inflation has increased their expenses, Wilen’s primary concern is his mortgage. mortgage for 12 months, and the county where he lives paid three months of his mortgage bill as part of an assistance program. in November 2021, down from 14.8%

Mortgage 386

Mortgage Government Contracts Insurance 386

Housing Wire

AUGUST 17, 2022

Mortgage lender Angel Oak Home Loans has implemented SimpleNexus ‘ all-in-one mortgage app to streamline its loan origination process. The Atlanta mortgage lender, which offers agency and non-qualified mortgage (non-QM) products, will implement the tech firm’s Nexus Origination and Nexus Engagement tools.

Lending 370

Lending Real Estate Agent Real Estate Technology 370

Clear Capital

AUGUST 17, 2021

August 17, 2021 —. A declining appraiser population coupled with a surge in origination volumes has accelerated efforts to modernize the valuation process. As lending volume spikes, there is added pressure to close loans quickly to drive the market and adopt cost-effective alternatives to traditional valuation solutions.

Valuation 69

Valuation Modernization Technology Appraisal Process 69

Housing Wire

JULY 16, 2021

Seventy million dollars in seed funding is a colossal investment for an unproven tech startup, even one that promises to fully disrupt a relatively low-margin, traditional industry like mortgage lending. But this is no ordinary mortgage startup. They’re used to modern experiences with great service and digital experience.

Lending 446

Lending Real Estate Real Estate Agent Modernization 446

Housing Wire

JUNE 8, 2022

With a deadly combination of low housing inventory, reduction in refis and surging mortgage rates, consolidation in mortgage tech is expected. Businesses and entire industries tanked during the pandemic, but it created an ideal environment for mortgage tech companies, some of which rode the wave to banner years and historic growth.

Mortgage 381

Mortgage Technology Loan Officers Investing 381

Clear Capital

OCTOBER 27, 2021

National real estate valuation technology company well-positioned to experience continued growth in 2021. October 26, 2021 — Clear Capital, a national real estate valuation technology company, today announced it has hired more than 350 people so far in 2021, with 170 jobs currently open and accepting applications.

Valuation 69

Valuation Real Estate Technology Tools 69

Housing Wire

MARCH 12, 2021

The modernization of mortgage originations in recent years has made customers expect a smart, push-button experience. million mortgages in long-term forbearance. million mortgages in long-term forbearance. It’s taken time to modernize servicing because it’s the last, most complex frontier of consumer finance.

Modernization 417

Modernization Technology Investors Design 417

Housing Wire

OCTOBER 1, 2022

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. million consent order with Trident Mortgage Co., Attorney General Merrick Garland said in a statement.

Law 406

Law Loan Officers Lending Advertising 406

Appraisal Today

APRIL 21, 2023

Despite the fresh coat of paint and a small but modernized kitchen and bath, the home retains many of its original features, including the loft bedroom, where the school’s headmistress once slept. It is the sixth redlining settlement under the DOJ’s Combatting Redlining Initiative, which was launched in October 2021.

Appraisal 52

Appraisal Contracts Modernization Mortgage 52

Housing Wire

JUNE 2, 2023

District Court for the Eastern District of Pennsylvania , ESSA “failed to provide mortgage lending services and did not serve the credit needs of majority-Black and Hispanic neighborhoods in the Philadelphia metropolitan area” from 2017 to 2021. million consent order with Trident Mortgage Co.,

Lending 302

Lending Advertising Design Loan Officers 302

Appraisal Today

DECEMBER 16, 2022

Industry Insider Insight on Risk and Modernization. Joe Minnich, a condo risk consultant, spoke on how loans secured by an individual unit in a condominium project have greater risk than found in typical SFR lending. Fannie New Appraisal Form Modernization. Mortgage applications increased 3.2 To read more, click here.

Modernization 52

Modernization Appraisal Contracts Real Estate 52

Housing Wire

SEPTEMBER 19, 2023

One of the challenges in discussing what the mortgage industry needs to do next is figuring out what’s actually coming next. Reining in costs In all of 2022 and through the first half of 2023, the average mortgage lender lost money on every mortgage it originated. This does not, however, mean digital lending has stalled.

Marketing 387

Marketing Technology Lending Mortgage 387

Appraisal Today

AUGUST 4, 2023

In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting. since October 2021.

Appraisal 72

Appraisal Business Contracts Real Estate 72