Housing Wire

FEBRUARY 22, 2022

Though regulators have the power to ding lenders for violating fair lending law, none of the agencies can give a special purpose credit program their blessing. Though regulators have the power to ding lenders for violating fair lending law, none of the agencies can give a special purpose credit program their blessing.

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Housing Wire

APRIL 24, 2024

Figure Technology Solutions , the parent company of Figure Lending LLC , named Michael Tannenbaum as its new CEO, the company announced on Tuesday. Earlier this month, Figure launched its Digital Asset Registration Technologies (DART) platform, making it available to private and wholesale lending partners.

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Technology Lending Design Finance 366

Housing Wire

DECEMBER 7, 2021

The Department of Housing and Urban Development (HUD) on Tuesday resolved uncertainty around special purpose credit programs, 45 years after Congress allowed lenders to tailor products to groups that have historically been excluded from homeownership. In a legal memo, HUD stated that SPCPs are allowed under the Fair Housing Act.

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Housing Wire

MARCH 17, 2023

a mortgage artificial intelligence firm focused on automated mortgage underwriting decisions, has conducted layoffs as lenders rush to cut costs. Candor is executing a change in strategy to address the ever-changing mortgage market and to pivot along with client operations,” Tom Showalter, CEO of Candor , said in an e-mailed response.

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Mortgage Clients Technology Development 347

Housing Wire

DECEMBER 24, 2021

Last week’s announcement from the Department of Housing and Urban Development cleared the way for lenders to adopt targeted lending programs, but so far, they are treading carefully. The pieces are coming together,” said Bob Broeksmit, president of the Mortgage Bankers Association.

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Housing Wire

MARCH 12, 2024

Wells Fargo -backed mortgage fintech Maxwell rolled out a point-of-sale (POS) feature that offers tailored workflows and integrations. The Blueprint Builder features more than 60 third-party integrations, allowing lending teams to connect with other pieces of their workflow, from credit and verifications to pricing and disclosures.

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Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

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Tools Mortgage Finance Lending 387

Appraisal Buzz

MAY 6, 2024

Over the past 20 years, he has served in key leadership roles in mortgage banking, private mortgage insurance, and appraisal management. Johnston is a certified real estate appraiser with advanced professional appraisal designations, project management designations, and process improvement credentials.

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Housing Wire

APRIL 13, 2023

Wholesale lending is great for helping serve underserved borrowers. For example, borrowers who are prime and creditworthy but who may not qualify for traditional mortgages, such as the self-employed or those with non-traditional income sources, may benefit from non-QM programs.

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Marketing Lending Design Development 371

Housing Wire

JULY 12, 2023

United Wholesale Mortgage (UWM) on Wednesday announced two new home-affordability mortgage products designed to help underserved borrowers become homeowners. We look forward to working with the enterprises, lenders, and other housing industry participants to further develop the ideas described in these plans.”

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Housing Wire

MARCH 8, 2024

“The exposure of the largest banks is quite low, but there may be smaller banks that are stressed by these developments.” Although commercial mortgage debt is propelling these concerns, the possibility of failure for a federally insured bank has implications for the residential mortgage sector. FDIC), banks held $2.78

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Real Estate Insurance Lending Retail 460

Housing Wire

DECEMBER 11, 2020

Through every financial transaction in a person’s life — whether a mortgage, auto, student or personal loan — there is one constant: the borrower. Yet borrowers have had limited agency in the lending process to date. The smart contract presents the borrower’s lending request to the exchange. A bigger vision. “We’re

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Lending Contracts Investors Technology 403

Housing Wire

JANUARY 12, 2023

Black Knight recently launched a web portal that enables clients, third-party providers and their developers to access the company’s application programming interfaces (APIs) across the mortgage life cycle. Servicing Digital, offered as an app or web design, enables customers to access their loan- and home-related information.

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Mortgage Tools Clients Development 319

Housing Wire

SEPTEMBER 30, 2020

Technology has made many aspects of day-to-day life more seamless than ever, with instant, easy and personalized consumer experiences; however, lending is still difficult. The Origence Mortgage Platform is an end-to-end lending platform that puts the power of modern technology in lenders’ hands, enabling them to close more loans, faster.

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Appraisal Buzz

APRIL 15, 2024

UAD originated in 2010 and since then we appraisers are accustomed to using codes like “C4,” “N;Res,” and “1200sf0sfin” in our mortgage appraisal reports to communicate the results of our analysis. It all starts with the standard appraisal forms used in the mortgage process. But we are still stuck with the “form” functionality.

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Appraisal Design Lending Technology 397

Housing Wire

MAY 18, 2023

FormFree , a leading provider of mortgage lending technology , announced on Wednesday that it has appointed Jonathan Nahil as its new chief technology officer (CTO). Nahil brings to the role over 20 years of experience as a software architect and leader of development teams in renowned technology organizations.

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Technology Architecture Lending Development 319

Housing Wire

MAY 15, 2024

Its plan takes aim at liquidity, budget authority, pay scales and other potential flexibilities to more closely align with the value it brings to the government and the broader mortgage market. CHLA added in a statement that the release of these recommendations is designed to coincide with relevant news.

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Modernization Government Contracts Insurance 337

Housing Wire

NOVEMBER 21, 2022

Homeowners with the Federal Housing Administration -insured mortgage financing will now be allowed to obtain private flood insurance policies, expanding consumer options to protect borrowers from the country’s major natural disaster. . billion, did not have the required NFIP coverage. billion, did not have the required NFIP coverage.

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Insurance Mortgage Realtors Design 367

Housing Wire

AUGUST 31, 2020

Indecomm approaches automation by looking at practical applications for the technology across the entire mortgage lifecycle, using a framework called the automation continuum for mortgages. State of Mortgage Automation. Indecomm’s Automation Continuum. That is where supervised automation comes in.”.

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Lending Technology Tools Training 404

Housing Wire

SEPTEMBER 1, 2021

CU Direct ’s Origence , which provides mortgage loan tech to lenders, has laid off nearly three dozen workers. Over the last three years, we have accelerated our investment in the development of account and loan origination software,” said Child. In 2019, Origence launched its “end-to-end” mortgage lending platform.

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Lending Technology Investing Design 366

Housing Wire

MAY 8, 2023

For those in the mortgage space, there are a myriad of technology solutions claiming to help streamline lending operations and improve efficiency. When investing in a technology that someone else designed to automate workflows, it’s important to ask — how do I make this workflow work for me?

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Technology Design Lending Business 355

Housing Wire

JANUARY 12, 2021

to Acra Lending, the company has also launched a new jumbo prime program. HousingWire: Why did you develop the Jumbo Prime program? Keith Lind, Acra Lending executive chairman and president. Keith Lind, Acra Lending executive chairman and president. Kyle Gunderlock, Acra Lending CEO.

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Housing Wire

AUGUST 1, 2023

From leading mortgage companies and real estate firms to spearheading groundbreaking initiatives and driving policy reforms, these honorees are making an indelible impact on housing.

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Real Estate Realty Lending Mortgage 370

Housing Wire

MAY 24, 2021

Notable in light of the current servicing challenges facing the industry, Stavvy’s eClosing technology is designed to facilitate faster borrower communication and closings as servicers work through loan modifications, referrals and forbearance. Presented by: Sagent Lending Technologies.

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Technology Lending Investors Modernization 388

Housing Wire

APRIL 26, 2022

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. It’s an open platform. We’re not huge, but we’re not small either.”.

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Mortgage Technology Investing Investors 441

Housing Wire

JANUARY 27, 2021

Digital mortgage platform Roostify announced on Tuesday it has raised another $32 million in a Series C funding round amid a booming real estate market, bringing the tech startup’s total capital to $65 million. And software and platform developers Qualia and Blend both achieved unicorn status by the end of the year. “I

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Lending Technology Loan Officers Investors 356

Housing Wire

JUNE 30, 2022

Facing a housing market in transition, mortgage lenders are striving to provide funding access to a growing population of non-traditional borrowers. As one of the few lenders to hold a Community Development Financial Institution (CDFI) designation, Champions Funding promotes growth in some of the nation’s most distressed communities.

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Lending Design Clients Housing Market 348

Housing Wire

JANUARY 4, 2024

Published on the heels of JCHS’ “ Housing America’s Older Adults 2023 ” report from December, the growing number of mortgage products available to a wider swath of American seniors could make a difference for those aiming to age in place. Reverse mortgage companies have also invested in their own home modification programs.

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Renovations Investing Finance Design 342

Housing Wire

JANUARY 5, 2021

SimpleNexus , a digital mortgage startup, announced on Tuesday that it picked up $108 million in a Series B funding around. The fund raise comes as the company attempts to increase its marketshare within the eClosing and mobile mortgage segments.

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Architecture Real Estate Agent Loan Officers Real Estate 393

Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. points from the 7.5%

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Housing Wire

JULY 23, 2021

Acra Lending is doing what it can to help free up inventory. According to data from the Mortgage Bankers Association, the average purchase price had risen to $384,000 as of May. Fix n’ flip loans are ideal for investors and developers looking to purchase a home and renovate it. 3-month bank statement. Jumbo products.

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Housing Market Marketing Inventory Lending 424

Housing Wire

MARCH 23, 2022

Seeking business growth in the current rising rate environment, originators are contemplating the benefits of adding reverse mortgages to their product mix. With mortgage interest rates steadily on the rise and refinance volume dropping, originators should immediately consider tapping into products that are less interest rate sensitive.

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Mortgage Clients Business Training 375

Housing Wire

OCTOBER 5, 2023

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 a review of bond-rating and industry reports.

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Housing Market Marketing Contracts Finance 402

Housing Wire

JUNE 30, 2021

As purchase transactions move back to the forefront of lending, the broker channel will only continue to grow and gain momentum. High tech – High touch’ is our mantra as we develop industry-leading tools and resources with a never-ending commitment to the relationships with our brokers and team members,” CEO Sanjiv Das said.

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Lending Renovations Design Tools 382

Housing Wire

AUGUST 5, 2020

The National Association of Mortgage Brokers has been advocating for mortgage brokers for almost 50 years. Rocke Andrews: NAMB was founded in Florida in 1973 by a group of mortgage brokers who saw a need to create a national association that protected their interests in state and federal regulations.

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Development Government Mortgage Lending 370

Appraisal Buzz

MAY 31, 2022

As we all know, the home valuation is an integral part of the lending process that helps Americans in their journey to homeownership. This series of articles explores the role of appraisal review processes in the risk system in the format of mortgage lending for 1-4 family real estate. The Appraisal Review.

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Real Estate Lending Valuation Appraisal 221

Housing Wire

MAY 27, 2022

The requirement also applies to mortgage lenders, legal experts say. According to Kris Kully, an attorney at Mayer Brown , the notice will affect mortgage lenders because many of the underwriting systems lenders use to measure default risk contain proprietary algorithms, or “black-box models.” Presented by: Mortgage Coach.

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