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What mortgage lenders need to know about wholesale

Housing Wire

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. HousingWire: What role has wholesale lending historically played in the mortgage ecosystem?

Mortgage 351
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What’s new in QC and Compliance

Housing Wire

While our quarterly Mortgage QC Trends Report did observe two quarters of extremely high, if not historic, critical defects, those occurred in mid- to late 2022 as the industry was dealing with the operational fallout from the market downturn. Trevor Gauthier: Overall, lenders are managing loan quality quite well.

Lending 309
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White House marks one year of PAVE appraisal bias action plan

Housing Wire

The White House also says that it is aiming to change the nature of the appraisal profession itself, “taking steps to remove unnecessary educational and experience requirements that make it difficult for underrepresented groups to access the profession and to strengthen anti-bias, fair housing, and fair lending training of existing appraisers.”

Appraisal 349
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How to maintain loan quality in a rapidly changing market

Housing Wire

HousingWire recently spoke to Donna Gibson, COO and president of QC Ally, about fraud prevention and loan quality outlook for the rest of 2022. HousingWire: In this time of market change and as we head towards the last quarter of 2022, what are the hot topics in risk, fraud prevention and loan quality? increase) and property (22.6%

Marketing 311
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ProxyPics Partners with Freddie Mac to Simplify Refinance Mortgages in the Digital Age

Appraisal Buzz

Chicago — ProxyPics makes wave as the first Property Data Report provider for Freddie Mac’s ACE+ PDR (automated collateral evaluation plus property data report), launch made effective on July 17, 2022. We are thrilled to announce our partnership with Freddie Mac,” says Luke Tomaszewski, Founder and CEO of ProxyPics. “We

Training 221
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HW+ Member Spotlight: Amanda Hill

Housing Wire

HousingWire: What is your most useful tech tool? I wish I could offer something more exciting, but it is just the most versatile, handy tool in my arsenal! They had a young executive team who valued fresh ideas and were not afraid to train inexperienced novices like me. Amanda Hill: My cell phone!

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AIME CEO Katie Sweeney on the importance of agility in the current market

Housing Wire

Nominations for HousingWire’s Women of Influence award are now open through Friday, April 29, 2022. Between their expertise and access to tools, they’re the right people for the job and will come out on top on the other side of the purchase market.”. Click here to nominate someone you know — it can even be you!

Marketing 368