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Fifth Third Bank unveils new warehouse lending business

Housing Wire

Martin, Firth Third’s group head of mortgage warehouse finance, along with a team of warehouse lending professionals, will be based in Dallas. Warehouse lending offers short-term financing to mortgage bankers that provides interim liquidity until loans are sold or securitized in the secondary market.

Lending 378
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January Demo Day: Digital Lending Platform

Housing Wire

Blue Sage: Digital Lending Platform Our Digital Lending Platform is a multi-channel, end-to-end digital mortgage solution that provides a superior experience for lenders and customers. API-centric and based on consumer data models, our platform focuses on innovation, automation, and business transformation. Get More Info

Lending 278
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First Community Mortgage selects Blue Sage platform to scale business

Housing Wire

Tennessee-based multichannel mortgage lender First Community Mortgage announced on Wednesday that it has selected the Blue Sage Solutions digital lending platform and its LION Consumer POS to help scale its growth efforts across the 48 states it operates in. In FCM’s case, this also includes interim servicing.

Business 395
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How to manage the complexities of non-QM and private lending

Housing Wire

Gregory Meola, managing director, head of business development & strategy, Acra Lending Rather than formulaic QM lending, non-QM lending can be more complex. HousingWire: What are the unique complexities of non-QM lending as compared to QM loans?

Lending 294
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Chase sees huge digital adoption in home lending business

Housing Wire

Another one would be home lending. A significant number of customers, more than 50%, agree they use digital banking tools more due to the pandemic than they did the year before. The post Chase sees huge digital adoption in home lending business appeared first on HousingWire. And so it was happening before the pandemic.

Lending 441
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Rocket CEO talks new AI tool, changes in leadership and M&As

Housing Wire

Rocket Mortgage launched a new artificial intelligence (AI) tool on Tuesday that allows its client experience teams to analyze sentiment, record behavior patterns, transcribe conversations and create tailored experiences during customer interactions. The lender estimates it will save tens of thousands of hours annually.

Tools 337
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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.

Lending 369