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Argyle partners with Dark Matter Technologies on income, employment verifications

Housing Wire

The collaboration is aimed to make it easier for lenders to order Argyle’s verification of income (VOI) and verification of employment (VOE) reports through the Empower LOS. Lenders using ICE Mortgage Technology can tap into consumer-permissioned income and employment data via Argyle’s secure connections directly to the payroll source.

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Fannie Mae Selling Guide updates include qualifying income, self-employment history changes

Housing Wire

For self-employment income, the Selling Guide has changed the tenure of qualifying history. “We We updated the Selling Guide to clarify the requirements for use of self-employment income when the borrower has less than a two-year history of self-employment,” the update document detailed.

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US employment back at pre-pandemic level

Housing Wire

remained strong in July, with nonfarm payroll employment rising by 528,000 jobs from the month prior , according to data released Friday by the Bureau of Labor Statistics. Both total nonfarm employment and the unemployment rate have returned to their February 2020 pre-pandemic level. “And Residential building employment is up 7.5%

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Gateless partners with Equifax on employment and income verification

Housing Wire

The integration with The Work Number will enable credentialed lenders to instantly verify applicants’ employment and income information through seamless API connections, Gateless said.

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Lenders are courting self-employed borrowers again

Housing Wire

Mortgage credit availability increased for the third consecutive month in September, but is still 30% below the pre-pandemic level, according to a report released Tuesday by the Mortgage Bankers Association (MBA). The MBA Mortgage Credit Availability Index overall rose by 1.5% in September, the highest level since May.

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Employment gains could help housing inventory

Housing Wire

Total nonfarm payroll employment rose by 916,000 and pushed the unemployment rate down to 6%, according to the U.S. Total construction employment remains 182,000 below its February 2020 level. The post Employment gains could help housing inventory appeared first on HousingWire. After three months of mediocre gains , the U.S.

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Opinion: The elasticity in mortgage employment

Housing Wire

While taking with Clayton Collins, CEO of HW Media, he used the term “elasticity” when describing the housing market and mortgage employment. We are hiring people for temporary employment positions. The post Opinion: The elasticity in mortgage employment appeared first on HousingWire. This is the truth.

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