Housing Wire

NOVEMBER 3, 2023

Non-bank originator Change Lending will continue to originate non-qualified mortgages ( non-QMs ) for underserved borrowers after it reached a tentative deal with the U.S. Change is proud to be certified as a CDFI and to continue our mission,” Carlos Salas, CEO of Change Lending, said in a statement.

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Housing Wire

MARCH 31, 2023

The Consumer Financial Protection Bureau (CFPB) has finalized the rule on small business lending, which fulfills a mandate from Congress and aims to increase transparency while mitigating discrimination. For decades, the government has assembled data pursuant to Congressional mandates on residential mortgages,” the CFPB said.

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Housing Wire

FEBRUARY 27, 2023

RMK Financial Corporation , which does business as Majestic Home Loans , has been permanently banned by the Consumer Financial Protection Bureau (CFPB) from the mortgage lending industry following a series of repeat offenses — which occurred despite the CFPB’s law enforcement order issued in 2015. government.

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Housing Wire

NOVEMBER 30, 2022

A recent lawsuit filed by Banc of California is claiming that mortgage lenders and servicers Sprout Mortgage (now defunct) and Planet Home Lending owe $1.5 million related to the proceeds of two notes it owned and funded. District Court in the Central District of California, Southern Division. Zillow shows the estimated price is $26.5

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Appraisal Buzz

JULY 22, 2021

Digital lending solutions provider Tavant has introduced its new Touchless Lending platform, an AI-powered lending-as-a-service platform that maximizes the use of data-driven processes to provide an end-to-end loan manufacturing experience.

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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. Lenders are left to their own devices to design the programs, based on guidelines from the CFPB, and hope they get it right.

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Housing Wire

JANUARY 7, 2021

Acra Lending, one of the largest independent non-QM specialty finance lenders, has added to its suite of mortgage loan programs with the launch of its Jumbo Prime mortgage solution. Acra designed the program as an extension to its suite of programs for purchase or refinance of higher valued properties.

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Appraisal Buzz

MAY 10, 2021

The lending and services platform Finance of America has introduced a home improvement financing product offered to consumers through approved contractors. The post New Service is Designed to Help Homeowners Renovate appeared first on DSNews.

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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. A special purpose credit program can take many forms.

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Appraisal Buzz

JULY 19, 2021

Non-agency lender Deephaven has announced new income qualification options that are designed to enable brokers and correspondents to compete for more credit-worthy borrowers who are locked out of agency mortgages. The post Deephaven Looks to Increase Partners’ Non-Agency Lending Opportunities appeared first on Appraisal Buzz.

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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

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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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. FFIEC is a federal interagency coalition consisting of the Federal Reserve Board of Governors (FRB), the Federal Deposit Insurance Corp.

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Appraiserblogs

MARCH 17, 2022

Here’s the link to the ‘slide show’ the GSE’s have produced showing proposed design of the future, revised, URAR appraisal form. Related Posts: Appraisal Forms Redesign In 2018, the GSEs began working on 'mortgage lending appraisal forms redesign', a process they said would take approximately 3….

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Appraisal Buzz

JANUARY 11, 2022

NextUs Lending , a non-QM lender based in Irvine, Calif., is using OptifiNow , a provider of custom CRM solutions for the mortgage lending industry, to grow its wholesale platform. . NextUs Lending was built to serve borrowers who may not fit the traditional, narrow credit box and we need to utilize the next generation of.

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Housing Wire

DECEMBER 11, 2020

Yet borrowers have had limited agency in the lending process to date. FormFree, the ATP fintech led by HousingWire Tech Trendsetter Brent Chandler , is launching a blockchain-based exchange for consumers to take control of the lending process. The smart contract presents the borrower’s lending request to the exchange.

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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

MAY 16, 2022

Here is where it gets murky – choosing the right non-QM lending partner! You want to make sure to work with a lender that utilizes efficient technology along with strong processes designed to ensure a smooth and easy experience. The post A guide to choosing the right non-QM lending partner appeared first on HousingWire.

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Housing Wire

JANUARY 10, 2024

Blue Sage Solutions’s primary product offering is a cloud-based digital lending platform designed to operate in the retail, wholesale, and correspondent lending channels while ensuring compliance. Additionally, the platform is accessible to all users, regardless of their current loan origination software.

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Housing Wire

APRIL 17, 2024

Tennessee-based multichannel mortgage lender First Community Mortgage announced on Wednesday that it has selected the Blue Sage Solutions digital lending platform and its LION Consumer POS to help scale its growth efforts across the 48 states it operates in. In FCM’s case, this also includes interim servicing.

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Housing Wire

NOVEMBER 13, 2023

In the world of mortgage lending, there’s an all-too-common sentiment that echoes through the industry: “My loan origination system (LOS) sucks.” In reality, the LOS is not the problem; the technology is doing exactly what it was designed to do. The LOS is a foundational piece of technology for every lender.

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Housing Wire

JANUARY 10, 2024

Both Droge and Olmos come to University Bank from Open Mortgage , which shuttered its own top 10 reverse mortgage lending division late last year. Certifications, reverse posture Haviland and Droge have certified reverse mortgage professional (CRMP) designations from the National Reverse Mortgage Lenders Association (NRMLA).

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Housing Wire

MARCH 12, 2024

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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Housing Wire

APRIL 15, 2024

This innovative platform has been designed to provide an enhanced experience for brokers and borrowers alike, ultimately making the lending process more efficient and transparent,” Max Slyusarchuk, founder and CEO at A&D Mortgage, said in a statement. “We We are excited to introduce AIM to the mortgage industry.

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Housing Wire

APRIL 28, 2023

Digital lending solutions provider DocMagic announced this week that it has added ADA-compliant mortgage loan documents to its document library. Much of modern lending technology is designed to give consumers the convenience to access loan documents in the ways that work best for them.

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Housing Wire

JUNE 7, 2022

But unless the automation is specifically designed to solve these problems, it stands little chance of being effective. The post Are these factors creating chaos in your mortgage lending ops? Automation continues to be the solution of choice for growing companies who cannot attract enough manpower to build out their teams.

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Housing Wire

APRIL 23, 2024

The rule is designed to “protect the millions of workers who are saving for retirement diligently and rely on advice from trusted professionals on how to invest their savings,” DOL said in its announcement. Retirement investors are best protected by a uniform and protective framework.”

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Appraisal Buzz

MARCH 25, 2024

Warehouse lending software provider Forta Solutions hit a milestone recently: the funding of its first loan through its SaaS warehouse lending platform, Agility, which launched in October 2023.

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Housing Wire

APRIL 25, 2024

The comprehensive continuing education courses cover federal and state-specific CE requirements in a compelling and entertaining digital-first video format designed to make the completion process as painless and informative as possible.

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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

DECEMBER 30, 2022

At a small mortgage banker, leadership has to know all aspects of lending. Chris Mozilo: If I didn’t go into mortgage lending, I would have likely become an architect. I always enjoyed beautiful and simple designs. The design of a room or building must be based the function of the space. Those five years were my Ph.D.

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Housing Wire

DECEMBER 11, 2023

fair lending laws has been on regulators’ radar in recent years. fair lending laws by discriminating against African American and female borrowers in the granting of pricing exceptions based upon competitive offers from other institutions. The CFPB has been tightening its screws on fair lending practices.

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Appraisal Buzz

APRIL 23, 2024

He spent over a decade in various executive and managerial positions, where he led a highly successful team that included analytics, risk management, training, communications and vendor management while managing two of the top five lending institutions and the firm’s GSE relationships.

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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. The rising demand seen by Connecticut’s program lends further credence to such findings, according to the report.

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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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Housing Wire

OCTOBER 12, 2023

Wholesale lender The Loan Store launched a consumer rewards program designed to help mortgage brokers offer competitive mortgage rates. In April, the lender bought the wholesale lending business from the now-defunct Home Point Capital.

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Housing Wire

FEBRUARY 1, 2024

He also has experience designing and building digital products for companies like Google , Mattel , Samsung , Target and JetBlue. Throughout his career, he has worked at multiple financial companies including Zillow , SoFi and Clara Lending , leading platform and product development efforts.

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