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

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. The post HUD ends silence on targeted lending programs appeared first on HousingWire.

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Housing Wire

JANUARY 11, 2024

Included in the filing as attachments are the guaranty agreement for the Ginnie Mae HMBS program, a declaration in support of the government’s position by Ginnie Mae’s SVP for the Office of Issuer and Portfolio Management, a document detailing conditions of default in the program dated Oct. District Court for the District of Delaware.

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Housing Wire

DECEMBER 14, 2021

That has some producers of non-QM loans, which require specialized underwriting expertise, looking to technology, big data and the development of automated underwriting platforms as the solution for dealing with the anticipated surge in loan volume in the years ahead.

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Housing Wire

MARCH 23, 2021

As origination volumes hit record highs in 2020, Truework’s verification experts saw a spike in fraud in mortgage lending, and expect that trend to continue this year. Now is the time for lenders to tighten their procedures not only on recruiting and hiring practices, but also lending operations. Data-driven analysis. Covid challenges.

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Housing Wire

FEBRUARY 28, 2021

Home Lending Pal (HLP) has an anonymous marketplace that uses conversational intelligence, machine learning and blockchain to help first-time homebuyers through the home research and lending process. Steven Better oversees the day to day operations of the company and the development of AI models.

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Housing Wire

JUNE 29, 2023

DocMagic , a provider of loan document generation and eMortgage services, announced this week the integration of its Total eClose platform with Finastra ‘s MortgagebotLOS solution. It enables the generation of compliant loan documents, facilitates borrower eSignatures, and allows for remote online notarizations (RON).

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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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Housing Wire

APRIL 18, 2023

Given that HELOC organizations are more streamlined than closed-end lending, there is greater importance for the adoption of electronic closing documents, MISMO said last week, calling for participants to join a new development workgroup (DWG). Meetings will be conducted regularly via conference call.

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Housing Wire

JULY 5, 2023

This is according to original reporting by Bloomberg and court documents reviewed by HousingWire. Wells Fargo forces its employees on the Bilingual team to offer predatory lending options to Spanish-speaking customers,” the initial legal complaint reads. The bank, which paid a $3.7

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Housing Wire

OCTOBER 4, 2023

Lenders that adopt artificial intelligence (AI) or machine learning (ML) into the mortgage lending landscape want to see operational efficiency, Fannie Mae ’s mortgage lender sentiment survey showed. A total of 242 senior executives from 219 lending institutions completed the survey between Aug.

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Housing Wire

SEPTEMBER 30, 2020

With FinXperience, Tavant aims to bring all parties together on one collaboration platform and provide hyper-personalized digital journeys to borrowers, loan officers, brokers, real estate agents, financial advisers and other participants in the lending ecosystem. There are no cookie cutters here.”. Mohammad Rashid, Head of Fintech Practice.

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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

JULY 12, 2023

Pennington’s departure comes a few months after Brady Yeager , a mortgage executive with over 21 years in finance and mortgage lending roles, joined Movement as national sales director. The company named 34-year veteran Sarah Middleton to the new position of chief growth officer to attract, onboard and develop sales leaders.

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Housing Wire

JANUARY 19, 2024

Country Club Mortgage , a home lender based in California , has decided to lay off over 100 employees due to “facility closures,” documents sent to state regulators show. Job positions affected by the layoffs are underwriters, processors, disclosure and document specialists, among others.

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Housing Wire

JULY 31, 2022

With the recent acquisition of International Document Services (IDS), Wolters Kluwer has solidified its position as a digital mortgage solutions leader. In anticipation of the shifting market conditions and the expected growth of home equity lending, Wolters Kluwer recently introduced a new solution – OmniVault for Real Estate Finance.

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Appraisal Buzz

APRIL 22, 2022

a combined lien and eNote registry system developed by Figure Technologies Inc. The first is with Blue Sage , a cloud-based digital lending platform for retail, wholesale and correspondent lenders. DART (Digital Asset Registration Technologies Inc.), using blockchain technology, has two new integration agreements.

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Housing Wire

APRIL 20, 2022

A Department of Veterans Affairs lending program for Native American veterans has been severely underutilized, a government watchdog found. The GAO said that the VA lacked the staff to run the lending program and failed to inform communities that it exists. from 2012 to 2021.

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Housing Wire

FEBRUARY 27, 2024

Mortgage lending businesses tend to place the greatest value on production-oriented LOs — and it shows in compensation formulas tuned in to new applications and new loans rather than customer retention and loyalty. A credibility problem might explain why so few borrowers return to their original LO for subsequent transactions.

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Housing Wire

JUNE 27, 2023

Bush and a vice president at Goldman Sachs before starting at the lender in 2021, listed several alleged violations related to lending practices. “Plaintiff has documented that TCC falsifies information on its annual certification by mischaracterizing its loans. Department of Treasury.

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Housing Wire

JUNE 10, 2022

Mortgage lender and servicer Planet Home Lending also named Kathryn Edelen as regional vice president of its sales division this week. for Planet Home Lending, will focus on increasing market share by adding branches and loan originators. Edelen most recently was a regional sales manager at Nations Lending.

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Housing Wire

JUNE 2, 2022

The question was on the minds of many at the Waldorf Astoria in Dana Point, California on Thursday – will non-qualified mortgage products become more commoditized as the rising rate environment wallops agency lending? As a result, non-QM borrowers rely on alternative documentation such as bank statements and assets. Scaling is hard.”.

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Housing Wire

JULY 22, 2022

“Personal loans are a really smart way for customers to reduce the cost of high-interest credit card debt or to help finance unexpected purchases,” said Anand Cavale, executive vice president and head of unsecured lending product at Guaranteed Rate. It originated $56.64

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Mortgage Lending Finance Retail 364

Housing Wire

MARCH 16, 2022

Roostify, a mortgage technology provider, will integrate the solution to its digital home lending platform. Parvesh Sahi, senior vice president of business and client development at ICE Mortgage Technology, said that lenders will have a true digital experience that provides efficiency, speed, and cost savings.

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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. It can intake documents from multiple sources as well as handle signings and annotations.

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Real Estate Design Lending Agents 279

Housing Wire

MARCH 30, 2023

A Worker Adjustment and Retraining Notification (WARN) filed with the New Jersey Department of Labor and Workforce Development shows the job cuts will affect mortgage loan officers, final “docs” associates, desktop support professionals and business solutions architects, among others. “As

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Retail Loan Officers Legal Technology 373

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. Fix n’ flip loans are ideal for investors and developers looking to purchase a home and renovate it.

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Housing Wire

JULY 11, 2022

“We intend to change how lending is going to be done fundamentally – behavior, market dynamics, products,” Kumar said. closed thousands of loans without proper documentation, among other misdeeds. . LendArch has a consulting arm to develop a plan for clients, for example, to reduce costs and improve their underwriting.

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Mortgage Architecture Technology Clients 304

Housing Wire

SEPTEMBER 28, 2021

Largely driven by record-low mortgage rates, lending volume surpassed everyone’s expectations in the past year. In the wake of this unparalleled volume, companies across the housing industry have been working to increase the efficiencies of the entire lending process – including getting closings correct the first time around.

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Housing Wire

JANUARY 25, 2024

Connecticut Banking Commissioner Jorge Perez alleged that LoanSnap violated the Truth in Lending Act (TILA) and Fair Credit Reporting Act (FCRA). The bulk of the origination work was performed by unlicensed LOs, generally titled as “sales development representatives” or “call center representatives,” according to commissioner Perez.

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Housing Wire

JULY 25, 2022

Pink slips will arrive for 58 employees working in the mortgage business at Texana Bank in California, according to a Worker Adjustment Retraining Notification (WARN) sent to the state’s Employment Development Department. 5, according to the document reviewed by HousingWire.

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Housing Wire

NOVEMBER 7, 2022

According to the document, Athas is winding down, effective immediately, but will honor loans in its pipeline that it’s legally obligated to fund. Athas Capital has been credited for “pioneering the re-birth of ‘sane’ subprime lending,” according to the company website. Presented by: Teraverde.

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Lending Investors Business Mortgage 422

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 Wire

OCTOBER 28, 2022

As the mortgage industry faces the realities of rising interest rates, savvy lenders are shifting gears towards the potential profitability of home equity lending. HousingWire: In a rising rate environment where a large percentage of homeowners have record-low mortgage rates secured, the lending industry is turning an eye to home equity.

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Housing Wire

OCTOBER 27, 2022

Dave Parker understands the business side of mortgage lending and has brought to market new solutions that cut to the core of what the mortgage industry needs,” Neville said in a statement. While at D+H, Neville contributed to the company’s acquisition of Mortgagebot, Avista Solutions and Harland Financial, according to the statement.

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Technology Mortgage Lending Business 302

Housing Wire

NOVEMBER 2, 2023

We also continue to keep our eye on any disruption in the warehouse lending space and see as an area of potential focus headed into 2024. The population of entrepreneurs and gig economy workers is growing and the documentation requirements to qualify for a traditional loan present hurdles for this borrower base. According to the U.S.

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