Housing Wire

MAY 8, 2023

The goal was to create a configurable and robust Point of Sale to Loan Origination System integration, according to a press release from the company. “Built by the people that use it every day, The Big Point of Sale was designed with the consumer in mind and the mortgage professional at heart.

Technology 287

Technology Mortgage Loan Officers Architecture 287

Housing Wire

MAY 23, 2024

And we have 500 loan officers that are on the street every day and I can always go to them for ideas. We’ve always owned our own loan application — it’s something we’ve built. But all of the other product design and execution and rollout happens out of our offices. CB: My tech teams is hybrid.

Loan Officers 333

Loan Officers Lending Technology Development 333

Housing Wire

SEPTEMBER 20, 2023

While running employment and income verification reports can be an expensive step in the mortgage process, it’s designed to reduce loan risk during underwriting.

Technology 342

Technology Real Estate Agent Loan Officers Clients 342

Housing Wire

DECEMBER 11, 2023

On the heels of regulatory pressure, Wells Fargo adjusted its policies in 2023 that would require hard documentation of competitive bids, sources told CNBC. Wells Fargo received the MRA from the CFPB a couple of months before the company announced it was scaling down its mortgage business in January.

Mortgage 406

Mortgage Lending Law Loan Officers 406

Housing Wire

SEPTEMBER 30, 2021

Borrowers, loan officers, and the corresponding processors and underwriters are often working on entirely different systems. The platform is loan origination system-agnostic and is designed to deliver value to both borrowers and lenders–”from the point of thought of buying a house to the point of owning a home.” .

Loan Officers 284

Loan Officers Architecture Real Estate Agent Clients 284

Housing Wire

NOVEMBER 1, 2022

Mortgage Coach, founded in 2009 and based in California, offers an interactive borrower education platform that lets loan officers guide borrowers through a visual presentation of their loan options. This will enable borrowers to view accurate, side-by-side home loan comparisons, Mortgage Coach and Sales Boomerang said.

Mortgage 367

Mortgage Project Management Insurance Loan Officers 367

Housing Wire

SEPTEMBER 30, 2021

The company’s powerful, end-to-end eMortgage technology is available via an intuitive interface that can be deployed quickly, and the company prides itself on its highly consultative approach designed to make the transition as easy as possible. The company quickly grew to offering custom form design and software.

Technology 274

Technology Clients Supply Chain Design 274

Housing Wire

SEPTEMBER 26, 2023

It was designed to seamlessly integrate with existing lender systems, including CRMs, Point-of-Sales, LOS, and document management systems. It is also turning Acra’s business into a technology-first one, the statement said. Collateral Analysis is a proprietary product of Tavant’s Touchless Lending automation platform.

Lending 334

Lending Technology Design Investors 334

Housing Wire

OCTOBER 31, 2022

A senior-level employee, citing a shared document, said 19 additional employees in the sales and IT department were under consideration for layoffs, but were not let go. Sales Boomerang and Mortgage Coach declined to comment on the size and reason for the layoffs. “My My department was told within the last 30 days not to worry.”.

Mortgage 372

Mortgage Project Management Loan Officers Design 372

Housing Wire

MAY 6, 2024

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. During the housing crisis of 2008, the title industry suddenly emerged from obscurity into full view.

Real Estate Agent 295

Real Estate Agent Real Estate Project Management Agents 295

Housing Wire

MARCH 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors. .” ” Jacobson added that, “As an originator, I would never sign that document.

Real Estate Agent 377

Real Estate Agent Retail Real Estate Design 377

Housing Wire

MAY 25, 2022

Between significantly fewer refinances, rising mortgage rates and housing inventory nearly cut in half since 2020, loan officers (LOs) and brokers face a pivotal time where adaptation is a must for success. The Newrez non-QM suite is comprised of three different loan types, each designed for a different kind of borrower.

Lending 354

Lending Investing Loan Officers Design 354

Housing Wire

OCTOBER 31, 2023

It is critical to also digitize the front-end processes, which enable you to give borrowers a better experience, while also making it easier for your loan officers and other staff members to do their job. This really comes down to designing products and experiences around the customer journey and mapping it from that point of view.

Technology 359

Technology Tools Loan Officers Development 359

Housing Wire

AUGUST 31, 2020

Users appreciate that the income, asset and employment verification processes are simple to use, easy to understand and intuitively designed. And by moving the borrower analysis earlier in the underwriting process, AutomatIQ Borrower helps increase loan officer, processor and underwriter productivity, as well as overall loan quality.

Design 214

Design Loan Officers Clients Technology 214

Housing Wire

SEPTEMBER 15, 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. Consumer loans such as mortgages and other financial documents require notarization. Register for the FinLedger Daily Newsletter.

Business 447

Business Law Real Estate Investors 447

Housing Wire

OCTOBER 6, 2020

Borrowers were not comfortable turning over their credentials to loan officers or processors. In other cases, the loan officers didn’t trust the technology. When it came time to gather documents, LOs fell back on the security of what they know, which is paper-centric. Loan Underwriting.

Technology 440

Technology Mortgage Investors Investing 440

Housing Wire

SEPTEMBER 30, 2020

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. Origence designed its platform with the ability to continually transform and stand the test of time.

Lending 196

Lending Modernization Mortgage Technology 196

Appraisal Buzz

JUNE 7, 2021

In 2015, I designed the Market Machine, a technological tool used by appraisers and other valuation professionals. Josh : The Annual Compliance Training is designed to meet requirements of clients and regulators. Buzz : Why do AMCs need the training? It is a great opportunity for AMC and lender staff to learn and ask questions.

Training 366

Training Reconsideration of Value Valuation Clients 366

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.”. Because as much as automation is a long-term vision, it’s also about lenders proving value to the business as they move along the course.”.

Lending 403

Lending Technology Tools Training 403

Housing Wire

OCTOBER 5, 2023

billion, according to offering documents. Since then, based on bond-rating documents and a report by ratings firm DBRS Morningstar — which rated the recent Saluda Grade shared-equity offering — there has been a total of 20 securitization deals backed by HELOCs and/or CES valued at about $4.8

Housing Market 374

Housing Market Marketing Contracts Finance 374

Clear Capital

JULY 13, 2023

Through this integration, Clear Capital will deliver an improved user experience for mortgage lenders and loan officers ordering products that support appraisal modernization, such as Universal Data Collection (UDC ) , Desktop appraisals and Hybrid appraisals. Visit icemortgagetechnology.com or call (877) 355-4362 to learn more.

Modernization 67

Modernization Technology Appraisal Mortgage 67

Housing Wire

FEBRUARY 7, 2022

In California’s Contra Costa County, where the median home listing price is now $749,000, a loan officer priced a loan for a potential borrower with less-than-perfect credit, who had found a listing for $650,000. And although Fudge has repeatedly vowed to bring banks back to FHA, recent policy moves could drive them away.

Insurance 332

Insurance Modernization Lending Mortgage 332

Appraisal Today

MAY 10, 2024

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. The mortgage loan officer handling the loan?

Reconsideration of Value 73

Reconsideration of Value Appraisal Real Estate Insurance 73

Assurance Financial

JULY 23, 2021

To make the process of saving easy, set up an automatic transfer from your checking account to a designated savings account. When you submit your mortgage application, you’ll need to hand over a few important financial documents to your lender. Gather up your financial documents and apply online. Track Your Credit Score.

Mortgage 74

Mortgage Real Estate Agent Government Loan Officers 74

PennyMac

JULY 20, 2021

Understanding unique issues like the schools, historic district designations, development plans, and even traffic patterns is essential. Will you have the time you need to review the documents you are signing without feeling rushed or confused? Don’t have an agent?

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

AmeriMac

MARCH 29, 2024

The reverse mortgage process typically begins with a borrower contacting a loan officer who specializes in reverse mortgages. The loan officer will assess the homeowner’s eligibility and explain the details of the loan, including the potential loan amount and repayment terms.

Mortgage Appraisal 36

Mortgage Appraisal Appraisal Mortgage Appraisal Process 36

Assurance Financial

MARCH 18, 2021

You’ll sign these, and if you choose, you can verify your loan terms and make sure you are accomplishing your goal of cashing out or lowering your rate. Provide the needed documentation: Once you sign, you will submit your documentation to us at Assurance Financial, including your income verification and asset verification.

Property Taxes 85

Property Taxes Renovations Home Improvement Mortgage 85

PennyMac

JULY 25, 2022

You may be asked to share tax documents, paystubs and other proof of income. FHA loans reduce eligibility requirements, opening up homeownership to those who may not qualify for a conventional loan. In doing so, FHA loans may demand more from the borrower over the lifetime of the loan. FHA Loans: Pros.

Insurance 36

Insurance Government Investing Mortgage 36

PennyMac

NOVEMBER 29, 2022

Once you’ve found a property in your budget, you can begin researching different lenders and explore all available loan options to help you get the best rates and financial support you need. The lender you choose will guide you through the pre-qualification process and examine all necessary documents required for approval.

Government 36

Government Mortgage Finance Design 36

Assurance Financial

DECEMBER 20, 2021

Bridge Loan. Another option for financing a purchase is taking out a bridge loan. These are short-term loans designed to bridge the time between when a homebuyer needs financing and when it becomes available. When your loan is cleared, you can begin the final steps in your journey to homeownership.

Mortgage 74

Mortgage Sellers Buyers Finance 74

PennyMac

JANUARY 16, 2022

So, when you buy your vacation home, start keeping good digital records of maintenance, remodels, and other important property documents. If you’re ready to start enjoying the vacation home of your dreams, contact a Pennymac Loan Officer or apply online today. Additionally,] vacation homes tend to be bought and sold frequently.

Investing 36

Investing Property Taxes Real Estate Renovations 36

PennyMac

SEPTEMBER 9, 2020

Before you decide if this funding source is the right option for you, make sure to review all documentation for withdrawal stipulations before committing to cash-out of your 401k. VA loans are designed to make homeownership more attainable for veterans and active military by offering more relaxed requirements with great affordability.

Insurance 36

Insurance Buyers Mortgage Human Resources 36

Assurance Financial

MARCH 1, 2021

Items like jewelry, stickers, candles, personalized items and digital designs tend to sell well on Etsy. If you have or will be receiving a gift from your family to help with your down payment, include this amount on your mortgage loan application. Remember, not all mortgage loans permit the use of gifts for a down payment.

Landlords 45

Landlords Insurance Mortgage Transportation 45