Housing Wire

NOVEMBER 18, 2022

Modernizing origination to stay competitive in today’s housing market. This white paper will examine the growing importance of modernization in the mortgage lending industry. My time with PenFed has come to an end,” a loan officer posted on LinkedIn. Ross, general counsel at the company, wrote in the notice.

Loan Officers 415

Loan Officers Modernization Finance Housing Market 415

Housing Wire

JUNE 30, 2021

With this unwavering focus, we help brokers close loans fast, get referrals and grow their business,” Chief Operating Officer Melinda Wilner said. The company also offers both onsite and virtual Success Track training for loan officers, processors and broker owners.

Tools 306

Tools Training Technology Clients 306

Housing Wire

JUNE 29, 2022

Loan officers must understand what modern millennial and Gen Z homebuyers want from their lenders. For mortgage professionals looking to buoy their loan volume through the rest of the year and beyond, understanding the motivations, behaviors and the barriers to entry for these borrowers will only become more vital for success.

Loan Officers 427

Loan Officers Mortgage Modernization Business 427

Housing Wire

MARCH 10, 2021

The community lending segment has experienced impressive growth over the last 10 years. As a result, these lenders are more likely to foster a customer base that generates repeat business and referrals. Community-based relationships are a primary reason small to midsize lenders will likely thrive in this new purchase market.

Marketing 384

Marketing Technology Lending Business 384

Housing Wire

MAY 2, 2021

With so many people involved – including the appraisal desk, loan operations, loan officers, underwriters, the IT/product team, borrowers and appraisal vendors – there’s room for error that could negatively impact the home buying experience. Brian Zitin, Co-Founder and CEO.

Appraisal 211

Appraisal Appraisal Process Valuation Loan Officers 211

Housing Wire

AUGUST 31, 2023

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. And as a loan officer (LO), why should I care? A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years.

Modernization 368

Modernization Appraisal Inspection Valuation 368

Housing Wire

AUGUST 8, 2023

According to Sahi, there are three primary components that will help lenders succeed in today’s mortgage environment, and beyond: speed to market, margin management and loan officer experience and education. “If First, the PPE should be architecturally designed to accommodate any lenders’ unique business strategy or use case.

Architecture 332

Architecture Technology Loan Officers Design 332

Housing Wire

MARCH 1, 2022

In eOriginal’s 2020 Tech100 nomination, the company boasted about the efficiency their ClosingCenter product brought to mortgage lending clients; Fairway achieved 80% faster mortgage acceptance by secondary market investors and also realized a 90% reduction in interest expenses to warehouse lenders for mortgages closed using ClosingCenter.

Real Estate 355

Real Estate Brokerage Real Estate Agent Technology 355

Housing Wire

JULY 13, 2021

OriginPoint has a Chicago address, and it is actively looking for loan officers, according to OriginPoint’s website. It’s part of their business model.”. Compass has called itself a tech company, Wong noted, and as recently as this May its CEO Robert Reffkin said that Compass’s goal was to modernize an archaic industry.

Brokerage 295

Brokerage Real Estate Agents Clients 295

Housing Wire

OCTOBER 27, 2020

Loan officers receive title complexity decisions within seconds at the point of sale – so they can create a runway for more straightforward orders and focus resources on more complicated ones. These time-savings are critical in today’s lending environment. Lenders should also consider the strength of their providers’ technology.

Clients 366

Clients Technology Insurance Loan Officers 366

Housing Wire

FEBRUARY 8, 2023

When mass-market loan origination systems emerged on the scene in the early 1990s, they revolutionized the mortgage workplace by allowing originators to save loan files on a personal computer and share them across local networks — a huge step up from typewritten applications and mainframe computing.

Loan Officers 72

Loan Officers Technology Lending Transportation 72

Housing Wire

AUGUST 17, 2022

A customized loan application developed for Angel Oak Home Loans will support both agency mortgage and non-QM lending “for borrowers of diverse financial backgrounds,” said Shane Westra, chief product officer at Simple Nexus. How should the current market impact lenders’ tech adoption?

Lending 367

Lending Real Estate Agent Real Estate Technology 367

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. According to a complaint filed by DOJ in the U.S.

Lending 293

Lending Advertising Design Loan Officers 293

Housing Wire

OCTOBER 20, 2023

With its potential to reach new clients and gain tremendous ROI, social media has become one of the most effective marketing tools for businesses big and small. Sharing your success lends to your credibility as an agent. Sixty percent of agents surveyed believe that social media provides higher quality leads than the MLS.

Real Estate 384

Real Estate Agents Real Estate Agent Clients 384

Housing Wire

OCTOBER 6, 2020

When the concept of big data first emerged, it was a dream based on the need to centralize information so lenders could run analytics to gain insight into the nature of their evolving businesses and the changing demands of customers. Lending technology out of focus. In other cases, the loan officers didn’t trust the technology.

Technology 450

Technology Mortgage Investing Investors 450

Housing Wire

JUNE 8, 2022

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. The cash injection helps the company provide tech to about 200 lending institutions on its platform, including two of its investors, J.P.

Mortgage 365

Mortgage Technology Loan Officers Investing 365

Housing Wire

OCTOBER 3, 2022

When it comes to origination, modernization is key to enhancing the customer experience, improving overall cycle times and increasing overall profit. Regardless of the size of a lending business, having the right origination software is the first step in creating a homebuying experience built for the 21st century.

Technology 346

Technology Loan Officers Modernization Retail 346

Housing Wire

DECEMBER 31, 2021

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business. One of the ways that lenders “manage expenses” has historically been by laying off processors and loan officers.

Marketing 431

Marketing Law Government Mortgage 431

Housing Wire

MARCH 13, 2023

In its announcement of the filing, the CFPB said loanDepot “is fighting the case by, among other things, suggesting that it can’t be held liable for making a lending decision based on a discriminatory appraisal because the alleged discrimination was committed by a third-party appraiser.

Appraisal 361

Appraisal Valuation Law Loan Officers 361

Appraisal Today

OCTOBER 14, 2022

While that number may seem high to some, in the context of lending and property complexities, that is a 54% improvement in performance cited earlier in this article (from 35% 10 years ago). Appraisal Business Tips . I have been through several significant appraisal business downturns. Is there room for more improvement?

Appraisal 52

Appraisal Insurance Real Estate Business 52

Housing Wire

MARCH 29, 2022

The three agencies in charge of such reviews — the Federal Reserve , the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency — have not denied a single bank merger in 15 years. Senior administration officials claim that rooting out “modern-day redlining” is a top priority. But there was a catch.

Lending 366

Lending Government Law Mortgage 366

Clear Capital

SEPTEMBER 29, 2021

It’s also, to be clear, somewhat about revolutionizing and modernizing the appraisal process by enabling property data collection to be performed by non-appraisers. ” This has been a very hot and important topic within the lending space for the last year or so, we’ve talked about it on this podcast before Kenon.

Sellers 69

Sellers Agents Real Estate Buyers 69

Housing Wire

FEBRUARY 7, 2022

As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality. A spokesperson for HUD said the agency could not discuss investigations or strategy of fair lending enforcement, but said that fair lending is a priority of the Biden-Harris Administration and HUD.

Insurance 359

Insurance Modernization Lending Mortgage 359