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HUD seeks public comment on updates to reverse mortgage documents

Housing Wire

Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, according to a notice published this week in the Federal Register.

Mortgage 370
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Florida-based LO accused of falsifying documents

Housing Wire

A spokesperson from Department of Housing and Urban Development’s Office of Inspector General said that the loans funded were FHA-insured loans. She allegedly created phony prepaid debit card statements designed to serve as records of the borrowers withdrawing the monthly child support payments.

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Floify’s new platform aims to provide flexible pricing for mortgage lenders

Housing Wire

Configured to give independent mortgage banks, federally insured banks and credit unions the needed tools at an accessible price point, Floify Lender Edition aims to increase lender profitability through its automated processes and efficiency tools, the company said. Founded in 2013, Floify — a subsidiary of Porch Group Inc. —

Mortgage 394
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MISMO searches for participants for closing initiative

Housing Wire

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.

Insurance 339
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Stavvy’s solution securely digitizes and automates every aspect of the real estate transaction process

Housing Wire

Most digital solutions in the lending industry are designed to solve one problem and built for one audience in mind. Stavvy’s solution securely digitizes every aspect of the process – not just replacing pen and paper with electronic documents and signatures, but rethinking the entire workflow.

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With $150M in new funding, Endpoint plans to expand

Housing Wire

The Los Angeles-based startup was designed and developed in a collaboration with BCG Digital Ventures , a global corporate venture, investment and incubation arm of the Boston Consulting Group. Endpoint charges a flat escrow rate that covers fees for recording services, mobile notary, document prep and wire services.

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NRMLA, MBA provide comments on HECM application, origination documents

Housing Wire

In particular, HUD Form 92900–C is designed to “collect loan-level data that is needed for insuring purposes and not found on Fannie Mae form 1003,” according to the original announcement. Following an announcement that the U.S. HUD also plans to replace its use of some internal forms, including one used in conjunction with U.S.