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Loan officers made insane money in Q4 2020

Housing Wire

Over $4 trillion in originations made its way through the housing market last year, and new data from mortgage software firm LBA Ware revealed that by the end of 2020, loan officers played every last card in their deck to get those deals closed by New Years. Mortgage Tech Demo Day. million in funded purchase loans in Q4.

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A look at the mortgage hot topics for 2024

Housing Wire

A good example here is CoreLogic buying a POS this year and bringing it together with their valuation and automated underwriting capabilities. This makes the POS more relevant as a loan manufacturing tool, giving loan officers and underwriters a more complete borrower and property profile sooner in the process.

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Opinion: Automate title status check info with AI

Housing Wire

It’s not a point of pride or badge of honor for any mortgage, title, real estate or valuation firm. Loan officers dread having to email an appraisal firm for the report they’re waiting on. If anything, it’s been one of the most stubborn (and most publicized) blemishes on the image of the entire home-buying process.

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ChatGPT for Appraisers

Appraisal Today

I have not had time to use it, but have been reading and watching demos about how it can be used for appraisers for awhile. In valuation we can either go out further in distance for comps or go back in time in the immediate neighborhood. It definitely can be very useful, as Dustin explains. Why are appraisers using older sales?