Remove Insurance Remove Lending Remove Loan Officers Remove Modernization
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Housing industry continues to shed employees in economic downturn

Housing Wire

Modernizing origination to stay competitive in today’s housing market. This white paper will examine the growing importance of modernization in the mortgage lending industry. My time with PenFed has come to an end,” a loan officer posted on LinkedIn.

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Here’s what lenders should look for in a title provider

Housing Wire

We’re the largest centralized mortgage transactional services provider in the country, backed by the country’s largest provider of title insurance services. These time-savings are critical in today’s lending environment. The best providers combine improving their clients’ processes with modernizing the consumer experience.

Clients 397
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Another lender settles redlining accusations with DOJ

Housing Wire

The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark. Federal officials said similar banks generated five times as many loan applications from prospective Black and Latino home buyers as Lakeland.

Law 410
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ESSA Bank to pay $3M to settle DOJ’s redlining allegations

Housing Wire

District Court for the Eastern District of Pennsylvania , ESSA “failed to provide mortgage lending services and did not serve the credit needs of majority-Black and Hispanic neighborhoods in the Philadelphia metropolitan area” from 2017 to 2021. According to a complaint filed by DOJ in the U.S.

Lending 306
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“It’s math:” How mortgage solutions companies are fighting for survival

Housing Wire

The firm’s software — which it says streamlines the loan origination process by allowing document sharing and communication between loan officers and real estate agents — helped to close more than 77,000 mortgage applications per month, according to Porch. So it’s like middle-office, later stage workflow.

Mortgage 384
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Black Knight’s Empower offers an end-to-end digital platform that decreases friction in origination

Housing Wire

When it comes to origination, modernization is key to enhancing the customer experience, improving overall cycle times and increasing overall profit. Regardless of the size of a lending business, having the right origination software is the first step in creating a homebuying experience built for the 21st century.

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Appraisal Risk, Reviews, and Revisions

Appraisal Today

While that number may seem high to some, in the context of lending and property complexities, that is a 54% improvement in performance cited earlier in this article (from 35% 10 years ago). Lenders want fire insurance for all mortgage loans. Or insurance problems for flooding, hurricanes, or other natural disasters.