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Change Lending loses CDFI certification

Housing Wire

Non-bank originator Change Lending lost its Community Development Fund Institution (CDFI) certification, according to a report from Barron’s. Change Lending was removed from the CDFI Fund’s list of certified program lenders last week, the outlet reported. The CDFI certification is a designation given by the U.S.

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Change Lending keeps CDFI certification after agreement with US Treasury 

Housing Wire

Non-bank originator Change Lending will continue to originate non-qualified mortgages ( non-QMs ) for underserved borrowers after it reached a tentative deal with the U.S. Change is proud to be certified as a CDFI and to continue our mission,” Carlos Salas, CEO of Change Lending, said in a statement.

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Home equity products light up a dark housing market

Housing Wire

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to offering documents. billion. .”

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Borrowers want consistency through the lending process – Here’s how to give them that

Housing Wire

Essentially, Bharadwaj said, intelligent automation is “extracting the data sitting inside of documents and direct-sourced data to apply those against rules to automate straight-through processing.”. We’ve industrialized the process and turned it into more like hiring robots like contract workers,” Bharadwaj said.

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How lenders can responsibly expand the credit box

Housing Wire

Amid elevated mortgage rates, continued emphasis on regulatory oversight and a worsening 2023 market outlook, many lenders are reassessing their risk tolerance, which can lead to a tightening of their lending standards. In a contracting market, how can lenders gain a competitive advantage? Risks and benefits.

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The crypto-mortgage is the new kid on the block

Housing Wire

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. The financing for the initial deal was handled through a cryptocurrency lender called Helio Lending.

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Free Webinar: Components of AMC Training by Josh Walitt

Appraisal Buzz

In 2015, I designed the Market Machine, a technological tool used by appraisers and other valuation professionals. Josh : The course is taken by staff of lending institutions and appraisal management companies and centers on the need for companies to meet or exceed clients’ and regulators’ minimum training requirements.

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