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5 best practices for improving the home equity lending experience

Housing Wire

And that offers an incredible opportunity for banks and non-banks alike to improve their digital channels to better support home equity lending. Home equity line of credit (HELOC) and home equity loan originations increased 50% in 2022 compared to two years earlier, according to the Mortgage Bankers Association ’s Home Equity Lending Study.

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Automation is coming to non-QM lending

Housing Wire

“Automated underwriting for agency [ Fannie Mae and Freddie Mac ] products is definitely much easier because there’s a defined set of scenarios that you have to meet,” says Keith Lind, executive chairman and president of Acra Lending (a non-QM lender formerly known as Citadel Servicing ). And it is growing fast, he added. “We’re

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Flagstar Bank offers brokers direct access to seasoned specialty lending experts and powerful tech solutions

Housing Wire

While a booming market kept brokers busy in 2021, the 2022 housing market has been underscored by rising interest rates, inflation and geopolitical turbulence. Powerful LOS technology, including DIY documents, automated alerts and third-party integrations, ensures brokers have the tools they need when they need them. “We

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Stavvy’s Jeremy Potter on streamlining servicing through technology in 2022

Housing Wire

In 2022, many Americans affected by COVID-19 will need to make a decision about the resolution to their mortgage forbearance,” said Jeremy Potter, head of legal and capital markets at Stavvy. We’ve experienced the important role technology can play in helping homeowners access the tools and solutions their mortgage servicer is offering.

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Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

Public health officials note that we have many more tools to address this latest — and likely not the last — challenge. The main takeaway from Mortgage Bankers Association forecast is that we see 2022 as a transition year, moving from a refinance market to a purchase market. today, will reach 4% by the end of 2022.

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Tane Cabe joins C2 Financial’s reverse mortgage division

Housing Wire

Cabe, who most recently served as president of reverse mortgage lending at Fairway Independent Mortgage Corp. He also previously served as a reverse mortgage consultant for Security One Lending in the early 2010s. “I helped grow that company’s division after a series of changes and a reorganization of its leadership structure in 2023.

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Jeff Nelson returns to Guaranteed Rate after a two-year absence 

Housing Wire

“Over the past couple of years, I have learned that Guaranteed Rate is truly the company with all the tools and the platform to help originators grow their business and provide the best service for customers and clients.” Since leaving Guaranteed Rate, Nelson held executive positions at Nations Lending and Movement Mortgage.

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