Housing Wire
AUGUST 28, 2023
The CDFI certification is a designation given by the U.S. In particular, the CDFI designation exempts lenders from complying with the Consumer Financial Protection Bureau ’s ability-to-repay rule, which requires mortgage lenders to document a borrower’s income, assets, employment and credit history.
Housing Wire
FEBRUARY 16, 2023
Instead of paper promissory notes, the borrower’s promise to pay is recorded via an eNote — the key document signed at closing — and an original is stored securely in the eVault. The solution’s document repository allows users to tightly control and track access, status changes and retention policies of the original documents.
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Movoto
APRIL 8, 2024
This is a legally binding agreement between the buyer and seller that helps ensure the sale will be completed according to the contract’s outlined conditions. Real estate purchase contracts come into play to protect both parties and move the sale forward, helping prevent either party from wasting the other’s time and money.
Housing Wire
NOVEMBER 29, 2021
The Mortgage Industry Standard Maintenance Organization (MISMO) announced last week that the organization is looking for participants for an initiative focused on standardizing pre-closing title document data sets. This frequently results in delayed document review and general inefficiencies in pre-closing procedures.
Housing Wire
NOVEMBER 3, 2023
The CDFI certification is a designation given by the Treasury Department CDFI Fund to specialized organizations that provide financial services to low-income communities and people who lack financing. Department of Treasury that would keep the firm certified as a Community Development Financial Institution (CDFI).
Housing Wire
SEPTEMBER 30, 2021
Further, our platform has a POS and LOS that are tightly integrated for bi-directional data and documents, removing the hurdles of disparate systems.”. We have implemented high-level process design plans, resulting in project plans curated to the lender’s specific needs,” Farris said.
Housing Wire
OCTOBER 5, 2023
The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. The recent Saluda Grade-sponsored rated offering represents the sixth securitization deal since 2021 backed fully by shared-equity contracts — valued in total at some $1.3
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