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The appraisal industry’s governance problem

Housing Wire

The appraisal industry’s “byzantine regulation structure,” according to the report’s authors — experts in fair housing, fair lending and valuation — has stunted the appraisal industry’s understanding of fair housing risk. The post The appraisal industry’s governance problem appeared first on HousingWire.

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Refi Sugar High: How to balance your lending diet

Housing Wire

They are specialists when it comes to buying and servicing government loans. Right now, while things are good, invest in cross-training your staff. But brand recognition doesn’t develop overnight. The post Refi Sugar High: How to balance your lending diet appeared first on HousingWire. Tip #3: Start marketing now.

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White House marks one year of PAVE appraisal bias action plan

Housing Wire

Department of Housing and Urban Development (HUD) Secretary Marcia Fudge and White House Domestic Policy Advisor Ambassador Susan Rice, the PAVE task force revealed its action plan one year ago and claims that its efforts have amounted to “critical progress” in its efforts to make the homebuying process more equitable for people of color. “In

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The obstacles to a digital mortgage are changing – Here’s what lenders need to know

Housing Wire

We have been working closely with Ginnie Mae on this program and are very excited that as of June 20 the program began accepting new applications from eIssuers, eCustodians, and subservicers, opening up the government market to eNotes. In addition to the momentum and the economics, digital lending just makes sense.

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UWM gave brokers big discounts to play with. It could be risky

Housing Wire

Mortgage compliance attorneys interviewed by HousingWire said the program, dubbed “Control Your Price,” raises potential areas of concern across three subjects: rules that govern loan officers’ compensation; fair lending; and unfair, deceptive and abusive acts and practices.

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How data and technology can combat appraisal bias

Housing Wire

It’s a problem, it’s real, it’s documentable,” said Shannon Johnson, Touchless Lending product manager at Tavant. To break into appraising, you need to essentially apprentice with an existing appraiser, and for them to spend that much time training you often requires them to already have a close relationship with you.

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Opinion: How to win the coming mortgage refi race

Housing Wire

This was a crisis for many large Independent mortgage banks that had created fine-tuned systems for refinancing loans and had virtually no trained sales force to prospect for new purchase money business. Improvements in the way developers bring products to market have resulted in a flood of new tools and many lenders have invested.

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