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Ready or not, CRA modernization is at the door

Housing Wire

Doing so would result in 32% of examined lenders receiving a “Needs to Improve” score, compared to the 16% earning that mark for their retail performance from 2017 to 2019, bank regulators estimated. The post Ready or not, CRA modernization is at the door appeared first on HousingWire. Doing those two things is difficult.”.

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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.

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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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HousingWire Annual 2023 On Demand

Housing Wire

Watch Now The challenge and power of updating your brand Speaker: WeiLing Jang, Chief Marketing Officer, CoreLogic.

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Clear Capital and ICE Mortgage Technology Expand Partnership to Support Adoption of Modern Appraisal Programs

Clear Capital

Through this integration, Clear Capital will deliver an improved user experience for mortgage lenders and loan officers ordering products that support appraisal modernization, such as Universal Data Collection (UDC ) , Desktop appraisals and Hybrid appraisals. Clear Capital’s automated status updates keep the lender informed in real-time.

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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. It can take on ‘stare-and-compare’ and validation responsibilities, such as verification of income, assets and insurance more accurately and at scale,” Gagliano noted.

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Introducing the 2023 Women of Influence!

Housing Wire

Name Job Title Company Name Agnes Standowicz Senior Vice President and Head of Underwriting United Wholesale Mortgage Alayna Gardner Director of Sales and Marketing LodeStar Software Solutions Ali Haralson President Auction.com Amanda Tucker Chief Risk and Compliance Officer Atlantic Bay Mortgage Company Amy Gromowski Executive of Science and Analytics (..)