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Blue Sage Solutions launches digital servicing platform

Housing Wire

Software development company Blue Sage Solutions has launched a new servicing platform that merges loan origination and servicing functions using API-based technology.

Retail 421
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Fintech Maxwell launches POS feature that offers tailored workflows for lenders

Housing Wire

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. Wells Fargo -backed mortgage fintech Maxwell rolled out a point-of-sale (POS) feature that offers tailored workflows and integrations.

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‘There will be bank failures,’ Fed chief tells lawmakers

Housing Wire

We have identified the banks that have high commercial real estate concentrations, particularly office and retail and other [property types] that have been affected a lot,” Powell said. The exposure of the largest banks is quite low, but there may be smaller banks that are stressed by these developments.” NYCB, one of the largest U.S.

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How one lender is tackling demand for jumbo loans in 2021

Housing Wire

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: This specific program has been developed to meet the needs of customers in today’s environment.

Lending 393
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Rhode Island historian uses a reverse mortgage as an estate planning tool

Housing Wire

The company later told RMD, however, that the loan was within current product lending limits. When asked about the reportedly higher lending limit for this loan, a FOA spokesperson told RMD that the reporting on the loan amount is simply incorrect and that it is “within current HomeSafe lending limits.”

Tools 431
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Homepoint COO Lisa Patterson to speak at Spring Summit

Housing Wire

Patterson will be joined on the panel by Dave Vermillion , founder and CEO of Mortgage Champions , and Fred Bolstad , executive vice president of retail lending at U.S. Bank Home Mortgage. Patterson has led Homepoint’s third-party originations business since 2015.

Design 298
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Rocket goes local: Testing the waters or shifting its strategy? 

Housing Wire

Coming off multiple quarters of financial losses , Rocket has accelerated those efforts in 2023, embarking on a remote local loan officer hiring spree designed to capture purchase market business from real estate agent connections, sources told HousingWire. “I was told by the recruiter this division – Rocket retail started a year ago.