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In the race to modernize title, firms double down on software

Housing Wire

So far his venture-backed title company has launched platforms that have sped up title clearance and title insurance acquisition, and they have their sights on expanding into the lending and appraisal space. As title insurers our business practices and our regulatory oversight are different in every single state,” Stone said. “So

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Tech firm Polly bulks up to help modernize mortgage industry

Housing Wire

Venture capital firm Menlo Ventures led the latest Series B funding round, which also includes investments from title insurance company First American Financial , FinVC as well as participation from existing investors 8VC , Khosla Ventures and Fifth Wall. Building the next generation of tech: Three ways to digitize home lending.

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Bank regulators issue new Community Reinvestment Act rule

Housing Wire

The Office of the Comptroller of the Currency , the Federal Reserve Board and the Federal Deposit Insurance Corporation issued on Tuesday a new rule to modernize the 1977 Community Reinvestment Act (CRA), which addresses systemic inequalities in access to credit. Barrs, Fed vice chair for supervision, said in a statement.

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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. PenFed reportedly laid off “potentially hundreds of employees,” which was first reported by Credit Union Times.

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Second term for Powell, Brainard to be Fed vice chair

Housing Wire

In a statement on his nomination, Powell said the Fed would use its tools to “prevent higher inflation from becoming entrenched.”. Her nomination sends a strong message that the Fed will continue to prioritize efforts — which Brainard has spearheaded — to modernize the Community Reinvestment Act. David Dworkin, a former U.S.

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Why lenders need to revisit their quality control

Housing Wire

Residential lending professionals today are being tasked to weather one storm after another. Increasingly, lenders need to rely on credit reporting and risk mitigation tools from trusted partners. They can’t rely on plug-and-play solutions anymore because the lending environment is changing at too fast of a pace.

Tools 378
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 10 Critical metrics to track in a purchase market

Housing Wire

Now, after two years of drinking from a firehose, mortgage lenders must pivot once again to succeed in the vastly different lending landscape that lies ahead. Average compensation paid per loan: Incentive compensation plans are a powerful tool for inspiring sales practices beneficial to business. trillion in U.S. trillion in 2022.

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