Housing Wire

OCTOBER 15, 2021

Home lending proptech Roostify is releasing the “first of many” APIs on its existing lending platform built to automate document validation and data extraction in the lending process. Even in its relatively early stages of training the AI models, it is already turning out FI scores between 0.83

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Lending Development Training Mortgage 313

Housing Wire

DECEMBER 7, 2023

The company’s close partnerships with mortgage brokers and correspondents transforms feedback into impactful products, technology and services that help clients grow their businesses in any economic environment. Flagstar also shares product-specific advice and expertise in VA and FHA lending with its clients.

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Lending Clients Business Technology 311

Housing Wire

SEPTEMBER 29, 2020

This sounds like great news for lenders, for whom millions of newly refi-eligible mortgages means a lot of new business coming in. To help prepare, the industry experts at TMS have compiled a list of proactive steps to take to make sure that, when refi sweets are less abundant, your business will already be nutritious.

Lending 417

Lending Loan Officers Business Investors 417

Appraisal Buzz

APRIL 23, 2024

He spent over a decade in various executive and managerial positions, where he led a highly successful team that included analytics, risk management, training, communications and vendor management while managing two of the top five lending institutions and the firm’s GSE relationships.

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Lending Training Design Tools 195

Housing Wire

JANUARY 18, 2023

We’ve taken our years of mortgage experience and processes, and allowed any business to offer mortgage to its customers,” co-founder and CEO Dan Snyder said in a statement. Wagner will be responsible for helping Lower’s partners develop their business strategy in the home lending space, Synder said. population.

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Mortgage Lending Finance Retail 364

Housing Wire

OCTOBER 19, 2021

Additionally, homebuyers demand a fast and simple mortgage lending experience, similar to the other types of technology-driven solutions they enjoy in other aspects of their lives. Lenders haven’t been able to hire and train fast enough. The post The originations landscape is shifting – is your business ready?

Business 355

Business Clients Technology Training 355

Appraisal Buzz

APRIL 2, 2024

Gallucci has nearly 20 years of financial services and mortgage industry experience, fostering business relationships and leading sales efforts. Prior to that, he served in business development, operations, and training roles with several lenders. During his tenure, partnership revenue grew by six times.

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Modernization Training Development Business 195

Housing Wire

FEBRUARY 21, 2024

Axis 360 Lift strives to offer a comprehensive understanding of the mortgage business by addressing each step of the process. Axis has lending and title academies, with an origination academy set to launch in the spring of 2024. The initial 30 days establish a foundational understanding of mortgage lending concepts.

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Housing Market Mortgage Marketing Real Estate 340

Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

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Loan Officers Technology Lending Tools 385

Housing Wire

AUGUST 31, 2020

Lenders need to be able to grow their business in a way that is not linear and is not tied to the market cycles – leveraging automation technology can help. Because as much as automation is a long-term vision, it’s also about lenders proving value to the business as they move along the course.”. State of Mortgage Automation.

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Lending Technology Tools Training 406

Housing Wire

JUNE 5, 2023

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 361

Mortgage Retail Lending Loan Officers 361

McKissock

MARCH 28, 2023

In times like the present when the housing market is slow, you can help your appraisal business thrive by offering additional services beyond mortgage lending appraisals. What are some specific types of non-lending assignments that might be worth adding to your workload this year? Read the full survey results below.

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Lending Appraisal Property Taxes Training 99

Housing Wire

FEBRUARY 8, 2023

Homelendia said the franchisor model offers a turnkey solution for things like licensing, training, marketing support, loan processing services and ongoing assistance. Homelendia also claims to offer the lowest cost mortgage brokerage business franchise in the industry.

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Brokerage Mortgage Training Lending 352

Housing Wire

SEPTEMBER 27, 2023

The DOJ alleges that the bank also failed to train and incentivize its staff to market and advertise its mortgage services to compensate for its lack of presence in these areas. A director of community lending will oversee the business in communities of color.

Advertising 402

Advertising Loan Officers Lending Training 402

Housing Wire

SEPTEMBER 16, 2022

Looking for a quick and easy way to stay up-to-date on mortgage lending news, trends and technology? Podcasts are a great resource for mortgage professionals to continue learning, with shows covering industry updates, business advice and the experiences of other pros in the mortgage industry. Mortgage Lending Mastery.

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Loan Officers Mortgage Lending Modernization 407

Housing Wire

JANUARY 24, 2023

The ‘ultimatum ’ it imposed two years ago effectively prohibited broker partners from also doing business with two of UWM’s rivals. The lender’s price reduction by 50 to 100 basis points across all its loans last year led to accusations that UWM was making it impossible for some lenders to do business in the space.

Lending 358

Lending Law Legal Training 358

Housing Wire

MARCH 28, 2024

A race is a useful analog for the mortgage business, especially as it relates to the refinance business. In our business, that’s the refinance transaction. Anticipating the start of the refi race When mortgage rates finally rose above their historically low levels, the mortgage refinance business started to dry up.

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Mortgage Technology Tools Business 434

Housing Wire

FEBRUARY 15, 2023

Larry Steinway, former senior vice president of lending and branch manager at Illinois-based Guaranteed Rate , has taken on a new challenge to expand the Ohio-based Revolution Mortgage footprint in the Chicagoland market. It’s a different approach to lending. He was the fourth mortgage loan originator to join Guaranteed Rate in 2000.

Mortgage 357

Mortgage Loan Officers Lending Retail 357

Housing Wire

APRIL 5, 2024

With civil rights bills like the Fair Housing Act (FHAct) and Equal Credit Opportunity Act (ECOA) now the law of the land, most lenders will note that they rely on supposedly objective borrower screening algorithms to make lending decisions. But the results tell a different story.

Mortgage 358

Mortgage Lending Buyers Property Management 358

Housing Wire

MARCH 10, 2023

For the new value acceptance plus property data option, third parties are authorized to do that collection at the property site, as long as lenders verify that they have a background check, have been “professionally trained” and are competent to do that collection. “Shift NOW as much appraisal work as possible away from Fannie Mae.

Valuation 383

Valuation Inspection Training Appraisal 383

Housing Wire

FEBRUARY 28, 2024

Deephaven has the flexibility to underwrite based its own lending standards and requirements conducive to challenges in the market. Bank Statement loans are specifically for self-employed borrowers who can submit personal or business bank statements for income verification instead of tax returns. today, according to the U.S.

Mortgage 374

Mortgage Investors Real Estate Business 374

Housing Wire

MAY 2, 2022

It was not enough: the Rosemont, Illinois-based business plans to lay off 140 more employees in May, a Worker Adjustment and Retraining Notification Act (WARN) the company filed in early March reveals. Presented by: Acra Lending. Godin relaunched the business in late 2019 as a lender focused on both wholesale and retail channels.

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Human Resources Loan Officers Retail Training 370

Housing Wire

APRIL 20, 2023

TRB Solutions, which operated as Motto Mortgage Apex in Cincinnati, received Motto’s support, such as know-how, training, access to third-party resources and other trade secrets, according to the document. HousingWire reached out to NFM lending, Bolden and Stephen, but they did not reply to requests for comments.

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Contracts Loan Officers Legal Best Value 371

Housing Wire

AUGUST 15, 2023

Defendants also said they had to attend mandatory training and tests without compensation. Roseboro and Glover, two non-exempt employees at Rocket, were responsible for “making outbound calls to existing and new customers to solicit additional business opportunities for Rocket Mortgage.” The lawsuit was filed on August 10 in a U.S.

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Training Technology Law Mortgage 356

Housing Wire

MARCH 23, 2023

With current market conditions having a negative impact on traditional agency loans, expanding into non-QM products can allow brokers to grow their business and reach a wider borrower pool. The right lender partner will offer its brokers valuable resources, such as dedicated support, education and training on non-QM products.

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Marketing Lending Advertising Technology 322

Housing Wire

JUNE 28, 2022

There’s no question that a digital-first way of doing business is becoming the norm and the demand for digital in the mortgage industry is only growing. In addition to the momentum and the economics, digital lending just makes sense. HousingWire: Is this the year that digital mortgages and eClosings really accelerate?

Mortgage 385

Mortgage Training Business Transportation 385

Appraisal Buzz

APRIL 15, 2024

Most appraisers have diversity in their business channels. In addition to mortgage work, they may do legal work, estates as well as many other channels of business. Appraisers will want to make sure that their software vendors can accommodate non-lending work in their new platforms. There are other concerns as well.

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Appraisal Design Lending Development 397

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.

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Tools Training Technology Clients 304

Housing Wire

JUNE 22, 2023

It ceased that business in December 2022 after rising mortgage rates wreaked havoc on the housing industry. Bowlby noted that AmeriFirst never closed business. Its BPL business originates about $30 million in volume every month, according to the firm. On June 1, Arizona-headquartered retail lender AmeriFirst Financial Inc.

Loan Officers 348

Loan Officers Mortgage Real Estate Agent Business 348

Housing Wire

NOVEMBER 17, 2022

He will also analyze the company’s best practices, trends and innovations in online marketing and train the marketing and sales teams on digital communication policies and the brand’s compliance with regulations. Quintans’ professional career spans more than two decades in mortgage lending.

Mortgage 364

Mortgage Marketing Training Design 364

Housing Wire

JULY 28, 2022

In light of this, HousingWire recently caught up with Teraverde Chief Technology & Innovation Officer Rob Peterson to learn more about the key to lender profitability in today’s lending environment. HousingWire: As businesses of all types begin to rely more heavily on automation, is the mortgage industry doing enough to keep pace?

Technology 348

Technology Business Lending Training 348

Housing Wire

MARCH 4, 2021

While mortgage lenders would do well to heed the statements from the Consumer Financial Protection Bureau that it will be carefully watching fair lending and servicing issues , especially with the likelihood of a default spike, title and settlement firms will be keeping an eye on more than just the CFPB.

Lending 415

Lending Law Loan Officers Clients 415

Housing Wire

SEPTEMBER 20, 2022

There’s an opportunity here for risk and QC teams to encourage trust in the lending space through strong processes and review. Ensuring trust in lending opens doors for more creativity, such expansion of the credit box and additional products, ultimately increasing access to homeownership and therefore, expansion of the credit box.

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Marketing Training Clients Technology 330

Housing Wire

FEBRUARY 18, 2022

The creation of the PAVE Task Force and the imminent publication of its findings may very well create shockwaves in the entire lending arena. Since the 1930s, appraisers have largely been trained the same way — the supervisor/trainee mentorship model. It’s my hope that appraisers can be part of the solutions.

Training 369

Training Valuation Appraisal Real Estate 369

Housing Wire

DECEMBER 13, 2021

Serving some of the top organizations in the real estate and lending space is a privilege,” said Jason Mitchell, president of JMG. When you are able to add the number of closings we do to our agents’ book of business, they understand the importance of delivering the results we require.”. A great partner has the control. It makes sense.

Real Estate 417

Real Estate Real Estate Agent Agents Clients 417

Housing Wire

AUGUST 7, 2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Nichols pointed out that after the 2008 financial crisis, wholesale lending began using technology that helped match pace with the processes of retail lenders. We’re not out building a retail person’s name.

Retail 369

Retail Mortgage Loan Officers Marketing 369

Housing Wire

MAY 25, 2022

When it comes to business growth this year and beyond, industry experts agree that 2022 is the year of the non-qualified mortgage (non-QM) loan. However, not all LOs and brokers are set up to take on an influx of non-QM business. There is also the matter of efficiency versus increased lending cost.

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Lending Investing Loan Officers Design 380