Housing Wire

DECEMBER 7, 2021

ECOA prohibits reverse redlining — targeting minority communities for predatory lending — but Congress amended the statute in 1976 to allow for special purpose credit programs. It could be a sustainable lending product for a community where a lender has had poor penetration. It was just a logjam of inertia.”.

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Housing Wire

AUGUST 31, 2021

Trapeze is a purpose-built solution designed to streamline different aspects of the mortgage lifecycle, from origination to post-close review, by converting documents to data with extreme accuracy and speed. With SoftWorks’ secure cloud-enabled processing, clients can dynamically scale lending capacity up or down to meet market demand.

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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. Special purpose credit programs allow lenders to target loan products to benefit protected classes without running afoul of fair lending law.

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Housing Wire

FEBRUARY 12, 2024

The Federal Financial Institutions Examination Council (FFIEC) on Monday issued a statement outlining examination principles related to valuation and appraisal discrimination or bias in residential lending. The new document, however, should not be confused with new overarching guidance for the agencies within the coalition.

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Housing Wire

DECEMBER 11, 2023

fair lending laws has been on regulators’ radar in recent years. On the heels of regulatory pressure, Wells Fargo adjusted its policies in 2023 that would require hard documentation of competitive bids, sources told CNBC. The CFPB has been tightening its screws on fair lending practices. Wells Fargo paid $3.7

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Housing Wire

JUNE 30, 2022

Not only does Flagstar offer brokers direct access to seasoned sales, support and underwriting teams, it also provides a product set that includes specialty lending options like Advantage non-agency loan, jumbos, new construction, renovation products and HELOCs, and in the pipeline, loans to foreign nationals, seconds and investor property loans.

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Housing Wire

NOVEMBER 15, 2023

Stavvy , a fintech firm specializing in digital and remote collaboration for lending and real estate companies, acquired SigniaDocuments, a technology suite from Texas-based lender Evolve Mortgage Services. Stavvy will offer eNote, SMART Doc disclosures and loan documents for all 50 states across all loan programs.

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Housing Wire

AUGUST 1, 2023

Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, acquired Brace , a digital mortgage servicing platform. Founded in 2018 , Stavvy works to increase efficiency and transparency in real estate and mortgage lending. Terms of the deal were not announced.

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Appraisal Buzz

MARCH 25, 2024

Floify Lender Edition is the counterpart to Broker Edition , a one-stop lending platform configured for the needs of mortgage brokers that was introduced in December 2023, the firm says in a release. Mortgage point-of-sale (POS) solutions provider Floify has launched Lender Edition , a flexible per-loan pricing option for mortgage lenders.

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Mortgage Design Lending Appraisal 195

Housing Wire

MARCH 6, 2024

A state-level program in Connecticut that pays caregivers living with loved ones who require special attention, and is designed to facilitate aging in place, is seeing a surge in demand across the state. Aging in place is a documented preference for a majority of older Americans , according to recent survey data and research.

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Housing Wire

APRIL 13, 2023

Wholesale lending is great for helping serve underserved borrowers. The wholesale channel has the ability to offer borrowers a variety of choices, with access to many different bank and lending programs. As a CDFI (Community Development Financial Institution) — a designation given by the U.S.

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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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Lending Modernization Mortgage Technology 196

Housing Wire

MAY 3, 2023

Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, announced on Wednesday a new partnership with WFG National Title Insurance Company (WFG) to provide the company and its customers with eClosing technology solutions.

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Insurance Real Estate Technology Lending 326

Housing Wire

AUGUST 31, 2020

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.”. The post Borrowers want consistency through the lending process – Here’s how to give them that appeared first on HousingWire.

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Housing Wire

SEPTEMBER 30, 2021

Most digital solutions in the lending industry are designed to solve one problem and built for one audience in mind. This fragmentation makes it difficult for everyone involved in the lending process to communicate with each other effectively. Stavvy has the power to bring these disparate components together.

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Real Estate Design Lending Agents 279

Housing Wire

JULY 31, 2022

Solex includes all necessary components for any lender to move to full eClose where all documents in the package are executed electronically.”. Solex Orders is a solution designed for non-Docutech lenders to reap the benefits of eClosings without having to change document providers.

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Technology Clients Agents Training 322

Housing Wire

JULY 31, 2022

As the world races towards increased digitization, mortgage professionals are striving to keep up with the demand for convenient lending solutions that allow borrowers to navigate the process from the comfort of their own homes. The post-pandemic business landscape is totally different from what we were used to just a few years ago.

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Technology Clients Design Lending 316

Housing Wire

APRIL 24, 2023

The document brings 12 antitrust counts, including claims related to Michigan, California, Florida, and Texas statutes. AML also claims that wholesale lending is a separate submarket of the mortgage industry, which has barriers to entry. A spokesperson for UWM said the company had no comment.

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Legal Law Retail Brokerage 312

Housing Wire

SEPTEMBER 24, 2021

Traditional lending approaches are time-consuming when it comes to fix-and-flip properties. Acra Lending is looking to solve these challenges and make fix-and-flip lending simpler and more efficient for borrowers, lenders and brokers. Capitalizing on this trend, at least for brokers and lenders, will be difficult.

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Lending Renovations Finance Investors 362

Housing Wire

NOVEMBER 1, 2022

Lenders invest significant time and money into building diverse portfolios of loan products designed to meet borrowers’ unique needs, yet those products often sit underutilized,” Mortgage Coach and Sales Boomerang Chief Lending Officer Joe Puthur said in a statement.

Mortgage 372

Mortgage Project Management Insurance Loan Officers 372

Housing Wire

MAY 25, 2022

There is also the matter of efficiency versus increased lending cost. With so many different types of borrowers beginning to look towards non-QM for their lending needs, LOs and brokers are wise to incorporate a diverse set of loan options. With non-QM in a current transition state, forecasting future demand levels can be tricky.

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Lending Investing Loan Officers Design 358

Housing Wire

JULY 23, 2021

Acra Lending is doing what it can to help free up inventory. Borrowers can qualify with their most recent personal or business account bank statements rather than going through an agency underwrite that requires more documentation. Acra Lending plans to launch its fix’n’flip loan program in the coming weeks.

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Housing Market Marketing Inventory Lending 427

Housing Wire

MARCH 3, 2022

But this is going to become infinitely more complex,” said David Sheeler, executive vice president of correspondent lending and servicing finance at Freedom Mortgage Lending. Lenders and servicers did not require complete documentation to prove financial hardship to qualify their customers to the program.

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Insurance Finance Government Mortgage 353

Housing Wire

JANUARY 29, 2021

Originally introduced in April, the MISMO RON compliance certification was designed to ensure that RON tech providers met a universal set of standards including credential analysis, borrower identification, capturing and maintaining a recording of the notary process electronically, audio and video requirements, record storage and audit trails.

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Housing Wire

JANUARY 26, 2022

Schwartz in a statement said that this expansion “is proof that there’s tremendous appetite for what we’ve built – a digital experience, designed from the ground up to meet the needs of homebuyers today.”. Building the next generation of tech: Three ways to digitize home lending. Refinancing is also not an option.

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Mortgage Advertising Lending Brokerage 306

Housing Wire

APRIL 7, 2022

RON is the notarization of a document completed 100% electronically. The process includes a notary and a document signer using secure audiovisual and digital signing technology to finalize any financial document. In our industry, that often means home closing documents. Designate a subject matter expert on all things RON.

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Law Technology Insurance Agents 349

Housing Wire

NOVEMBER 5, 2020

A full 89% of these buyers and 84% of refinancers said they eSigned their disclosure, closing documents, or both. About 82% of these borrowers said they preferred eSigning documents before closing and more than two-thirds of borrowers said that in the future they would prefer remote closings over in-person. The end result?

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Buyers Design Lending Technology 413

Housing Wire

SEPTEMBER 30, 2020

At a time when social distancing concerns play a large role in business decisions, many lenders are focused on digital technology to update paper-based lending processes. DocMagic provides clients with an agile and technology-forward lending platform that ensures that they can sustain and scale critical business processes. Absolutely.

Technology 235

Technology Clients Lending Business 235

Housing Wire

DECEMBER 15, 2022

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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Clients Contracts Lending Technology 326

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 offering documents. billion. .”

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Housing Market Marketing Contracts Finance 378

Housing Wire

DECEMBER 1, 2020

Flagstar Bank and the FinTech Consortium revealed that fintech startups Home Lending Pal , Stavvy and Real Key are the latest initiates to the companies’ ongoing MortgageTech Accelerator program. The company’s cloud-based platform also automates the document collection, verification, and review process. Presented by: Total Expert.

Mortgage 279

Mortgage Lending Technology Investors 279

Housing Wire

AUGUST 31, 2021

Since its founding in 2010, WFG National Title Insurance Company has worked to advance the real estate, mortgage lending and title industries, adding greater efficiency and accuracy to processes and a vastly improved experience for consumers.

Real Estate 225

Real Estate Technology Development Design 225

Housing Wire

SEPTEMBER 17, 2021

This borrower-oriented model could help the industry design a framework for any natural disaster in the future. The mortgage industry is inundated with paperwork, and some services offer limited options to efficiently digitize and process lending and servicing documents. Under the legislation, approximately 7.2

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Mortgage Technology Insurance Government 405

Housing Wire

JANUARY 28, 2022

While the taxonomy is meant to provide clarity on the rules of the road for servicers, the groups said it seems designed for loan origination reviews. The taxonomy also fails to mention borrower harm in its draft taxonomy, instead only focusing on harm to the property and the FHA.

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Housing Wire

MARCH 24, 2021

.” Jacobson added that, “As an originator, I would never sign that document. Why would anybody sign that document? And there’s nothing wrong with it, they’re a good company and do a lot of stuff, but I just cannot imagine anyone signing that document because of that.”

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Real Estate Agent Retail Real Estate Design 379

Housing Wire

SEPTEMBER 30, 2021

With FinXperience, Tavant brings all parties together on one collaboration platform and provides hyper-personalized digital journeys to borrowers, loan officers, brokers, financial advisers and other participants in the lending ecosystem.

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Loan Officers Architecture Real Estate Agent Clients 286

Housing Wire

OCTOBER 14, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. KBV Research predicts the global market for digital lending platforms , including those geared toward mortgages, will reach $11.6

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