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LoanLogics integrates digital document processing tools with Finastra’s MortgagebotLOS

Housing Wire

LoanLogics, a mortgage loan quality automation provider, announced the integration of two of its document processing tools with Finastra ‘s MortgagebotLOS solution on Wednesday. This integration aims to enhance lender capabilities and facilitate document processing and income calculation, the statement said.

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HUD seeks public comment on updates to reverse mortgage documents

Housing Wire

Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, according to a notice published this week in the Federal Register.

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Rapidio releases new income assessment tool for underwriters

Housing Wire

The new tool is an automated income verification feature, which is available across various types of loans, including conventional loans, FHA and VA loans. This latest iteration is part of FlexStack, which provides other services such as document classification and data extraction.

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Wolters Kluwer Integrates IDS’ Document Prep Tools into Compliance Solutions Unit

Appraisal Buzz

to acquire International Document Services Inc. IDS), a provider of compliance and document generation software solutions for the mortgage and real estate industry, for approximately $70 million in cash. The post Wolters Kluwer Integrates IDS’ Document Prep Tools into Compliance Solutions Unit appeared first on Appraisal Buzz.

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Staircase debuts tool to automate non-delegated mortgage insurance underwriting

Housing Wire

Mortgage tech startup Staircase says it has launched a tool that enables mortgage insurers to automate the underwriting of non-delegated mortgage insurance (MI) policies for lenders at about half of the typical cost. The post Staircase debuts tool to automate non-delegated mortgage insurance underwriting appeared first on HousingWire.

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LoanLogics rolls out automated income calculation tool

Housing Wire

LoanLogics this week rolled out LoanBeam Wage, a new automated tool that enables lenders to calculate borrower’s income quickly by using paper-based paystubs and W2s. Paper and PDF documents, such as paystubs and W2 forms, are used to qualify borrower income on roughly 70% of all applications containing wages.

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CoreLogic Collaborates with Paradatec on HMDA Reporting Tool

Appraisal Buzz

Paradatec , an AI-based document classification and data extraction technology company for mortgage loan processing, is joining CoreLogic to support CoreLogic HMDA Check, a loan auditing tool that leverages automation to help lenders comply with the Home Mortgage Disclosure Act (HMDA).

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