Suzy Lindblom named COO of Kind Lending

Housing Wire

Wholesale lender Kind Lending has brought on mortgage veteran Suzy Lindblom as its chief operating officer, the company said Tuesday. Lindblom has 40 years of experience in the mortgage space, most recently serving as the COO of Planet Home Lending for three and half years.

Ex-Zillow execs promise revolution in lending

Housing Wire

Seventy million dollars in seed funding is a colossal investment for an unproven tech startup, even one that promises to fully disrupt a relatively low-margin, traditional industry like mortgage lending. The post Ex-Zillow execs promise revolution in lending appeared first on HousingWire.

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Mortgage Lending Experiences Quarterly Decline

Appraisal Buzz

The post Mortgage Lending Experiences Quarterly Decline appeared first on theMReport.com. The post Mortgage Lending Experiences Quarterly Decline appeared first on Appraisal Buzz.

Fannie Mae extends relaxed appraisal, lending standards

Housing Wire

Mortgage giant Fannie Mae extended its relaxed lending and appraisal standards put in place due to COVID-19 into the new year. To that end, the GSEs began accepting alternative forms of employment verification, including a recent paystub, to ensure lending can continue.

FHFA extends relaxed appraisal, lending standards

Housing Wire

The Federal Housing Finance Agency (FHFA) announced on Thursday that it has again extended relaxed lending and appraisal standards for both Fannie Mae and Freddie Mac. The post FHFA extends relaxed appraisal, lending standards appeared first on HousingWire.

Guaranteed Rate to acquire Stearns Lending

Housing Wire

The post Guaranteed Rate to acquire Stearns Lending appeared first on HousingWire. M&A / Funding Mortgage Featured Guaranteed Rate M&A MORTGAGE M&A Stearns Stearns Lending

2021 means new challenges for mortgage lending

Housing Wire

As we think about coming out of this first month of the year, we’ve quickly realized this year is going to be anything but planned or what we in the mortgage lending industry are used to. Buckle up lending community — this may be only getting started!

Cornerstone Home Lending to acquire Roscoe State Bank

Housing Wire

Houston-based nonbank mortgage lender Cornerstone Home Lending is buying Roscoe State Bank , a traditional depository bank headquartered in Roscoe, Texas. Increasing Lending and Servicing Capacity – Regardless of Rates.

Why mortgage lending standards will ease in 2021

Housing Wire

Economists and housing experts say mortgage lending standards will likely loosen in 2021, despite the increased risk of delinquencies ahead. The post Why mortgage lending standards will ease in 2021 appeared first on HousingWire.

HUD ends silence on targeted lending programs

Housing Wire

ECOA prohibits reverse redlining — targeting minority communities for predatory lending — but Congress amended the statute in 1976 to allow for special purpose credit programs. It could be a sustainable lending product for a community where a lender has had poor penetration.

Acra Lending launches new jumbo prime program

Housing Wire

Acra Lending, one of the largest independent non-QM specialty finance lenders, has added to its suite of mortgage loan programs with the launch of its Jumbo Prime mortgage solution. The post Acra Lending launches new jumbo prime program appeared first on HousingWire.

Putting Lending Under the Microscope

Appraisal Buzz

MReport speaks with lending experts about the benefits of challenges facing depository lenders vs. nonbanks. The post Putting Lending Under the Microscope appeared first on theMReport.com. The post Putting Lending Under the Microscope appeared first on Appraisal Buzz.

Pandemic ushers in a new era of digital lending

Housing Wire

That has caused a remarkable shift to a digital lending model that has significantly impacted a lender’s ability to do business during these challenging times. The post Pandemic ushers in a new era of digital lending appeared first on HousingWire. Mortgage digital lending HWplus

Glenn Stearns’ Kind Lending originates $1B in 6 months

Housing Wire

Kind Lending , national wholesale mortgage lender and second brainchild to mortgage veteran Stearns, announced that the lender originated $1 billion in the first six months of production – a feat that took Stearns first company, Stearns Lending , 15 years to accomplish.

Agencies Join to Advance Unbiased Lending

Appraisal Buzz

HUD, historically charged with administering and enforcing the act, together with the FHFA, which regulates Fannie Mae and Freddie Mac, … The post Agencies Join to Advance Unbiased Lending appeared first on theMReport.com. A groundbreaking partnership between two government agencies—U.S.

Mortgage lending volume in 2020 likely to break records

Housing Wire

Fannie Mae , the world’s largest mortgage financier, said mortgage lending this year probably will reach an all-time high of $3.9 The post Mortgage lending volume in 2020 likely to break records appeared first on HousingWire.

House Committee Addresses Lending Equality

Appraisal Buzz

Congressional markup sees up two pieces of legislation drafted to advance racial and gender equity, and provide fairness for LGBTQ+ persons in housing and lending. The post House Committee Addresses Lending Equality appeared first on DSNews.

How student lending can benefit non-bank lenders

Housing Wire

This gives non-bank lenders and servicers significantly greater access to more consumers and provides an opportunity for student lending to make an impact. Student lending offers an entryway into consumer finance that non-bank originators have not had access to historically.

How digitizing the lending experience can optimize margins

Housing Wire

Now, as lenders anticipate tighter margins in 2022 in addition to an already-competitive lending environment, providing an optimal lending experience is key to their success. . The post How digitizing the lending experience can optimize margins appeared first on HousingWire.

Successful mortgage lending starts with superior customer service

Housing Wire

What happens when borrowers can’t or won’t walk into a lending branch? HousingWire recently sat down with Insellerate CEO Josh Friend to discuss that very question and what strategies retail lenders should look to adopt from direct-to-consumer lending.

Chase sees huge digital adoption in home lending business

Housing Wire

Another one would be home lending. The post Chase sees huge digital adoption in home lending business appeared first on HousingWire. Fintech Loan Origination Tech Mortgage Chase Home Lending Digital mortgage JPMorgan Chase Rohan Amin

Looking Deeper Into Discriminatory Lending Patterns

Appraisal Buzz

The post Looking Deeper Into Discriminatory Lending Patterns appeared first on theMReport.com. The post Looking Deeper Into Discriminatory Lending Patterns appeared first on Appraisal Buzz.

FHFA extends relaxed appraisal, lending standards

Housing Wire

The Federal Housing Finance Agency (FHFA) announced on Thursday it has extended relaxed lending and appraisal standards put in place due to COVID-19 another month for both Fannie Mae and Freddie Mac. The post FHFA extends relaxed appraisal, lending standards appeared first on HousingWire.

Non-QM lender Citadel Servicing rebrands as Acra Lending

Housing Wire

Citadel Servicing Corporation (CSC) , one of the country’s largest non-QM lenders , is rebranding as Acra Lending (Acra). Citadel resumed non-QM lending in the summer. ” The post Non-QM lender Citadel Servicing rebrands as Acra Lending appeared first on HousingWire.

The biggest missed opportunity in mortgage lending

Housing Wire

Knowing where borrowers are at in their home-buying journey is key to any successful mortgage lending strategy, but it’s often overlooked in the busy operations of an origination shop. Panel brought to you by: The post The biggest missed opportunity in mortgage lending appeared first on HousingWire. This session will explore how to make it easy to keep borrowers on your radar, and in your pipeline. Watch the full session below.

8 Red Flags Indicating Fair Lending Risk

Appraisal Buzz

Risk management is all about identifying, measuring, monitoring and controlling risk, and fair lending risk is no exception. Here are eight red flags that may indicate fair lending risk. The post 8 Red Flags Indicating Fair Lending Risk appeared first on Appraisal Buzz.

[PULSE] Mortgage lending in a post-COVID, digital world

Housing Wire

In fact, the changes we’ve seen since the advent of the global pandemic are significant enough to serve as a catalyst that will drive all lending digital. The trends and lending requirements I’ve highlighted below became important long before the coronavirus made it to the U.S.

Tavant Offering New AI-Powered Lending-as-a-Service Platform

Appraisal Buzz

Digital lending solutions provider Tavant has introduced its new Touchless Lending platform, an AI-powered lending-as-a-service platform that maximizes the use of data-driven processes to provide an end-to-end loan manufacturing experience.

To advance mortgage lending, trust must take backseat to truth

Housing Wire

So mortgage lending morphed from a trust-based system to what could be called a “trust, but verify” model, to coin a favorite Russian proverb of Reagan’s. It’s important to note that taking trust out of the lending equation does not mean dehumanizing the mortgage experience.

Planet Home Lending Adds Three New Hires

Appraisal Buzz

Bolstering its compliance, post-closing, and human resources departments, Planet Home Lending continues its expansion to meet the growth of its origination and servicing volumes. The post Planet Home Lending Adds Three New Hires appeared first on DSNews. The post Planet Home Lending Adds Three New Hires appeared first on Appraisal Buzz.

People movers: PropertySync, MCS, Gateway, Planet Home Lending

Housing Wire

Kelly Stewart has been promoted to vice president senior lending officer for banking operations at Gateway First Bank. The post People movers: PropertySync, MCS, Gateway, Planet Home Lending appeared first on HousingWire.

The keys to lending in a post-refi boom world

Housing Wire

Tessar, President and CEO of CIVIC Financial, about the keys to lending in a post-refi world. WJT: CIVIC is a top originator and leader in the business purpose lending space, providing lenders products to supplement their business.

People movers: Notarize, RE/MAX and Planet Home Lending

Housing Wire

Planet Home Lending has promoted four people to vice president positions, supporting the company’s continual growth. Michaelene Whyte has been promoted from processing manager of the East to VP, national fulfillment, distributed retail, and has been with Planet Home Lending since October 2018.

Planet Home Lending Promotes Manfer to Head Up Business Development

Appraisal Buzz

The post Planet Home Lending Promotes Manfer to Head Up Business Development appeared first on theMReport.com. The post Planet Home Lending Promotes Manfer to Head Up Business Development appeared first on Appraisal Buzz.

Finastra’s Total Lending Home Offers Single Entry Point for Lending Solutions

Appraisal Buzz

Finastra has launched Total Lending Home, a new cloud-based portal to launch and manage the Total Lending suite of solutions. The post Finastra’s Total Lending Home Offers Single Entry Point for Lending Solutions appeared first on Appraisal Buzz.

Non-QM lending is poised for growth in 2021

Housing Wire

HousingWire recently spoke with Mike Fierman, managing partner and co-CEO of Angel Oak, about the non-QM lending outlook for 2021 and how Angel Oak’s “originate to hold” model benefits originators. HW: What is the non-QM lending outlook for 2021 and beyond?

Planet Home Lending Appoints New SVP

Appraisal Buzz

Andrew Watson will help finalize plans for Planet Home Lending’s new servicing center in Irving, Texas. The post Planet Home Lending Appoints New SVP appeared first on theMReport.com. The post Planet Home Lending Appoints New SVP appeared first on Appraisal Buzz.

Real Estate Tech Demo Day: Home Lending Pal

Housing Wire

Home Lending Pal. Creating New Lender Pipelines, Creating a new pipeline of opportunities for our partners to valuable underwriting ready leads, likely to increase lending footprint in underserved markets.

Figure Lending lands $100M funding facility

Housing Wire

SoFi co-founder Mike Cagney’s latest digital mortgage operation Figure Lending closed on a $100 million funding facility from JPMorgan Chase this week. In a statement, Figure said the $100 million loan facility represents another push toward growth in mortgage lending.

Home Lending Pal leverages AI and machine learning to efficiently solve lenders’ and borrowers’ problems

Housing Wire

Home Lending Pal (HLP) has an anonymous marketplace that uses conversational intelligence, machine learning and blockchain to help first-time homebuyers through the home research and lending process.

Mortgage Industry Lends a Hand to the Community

Appraisal Buzz

The post Mortgage Industry Lends a Hand to the Community appeared first on theMReport.com. The post Mortgage Industry Lends a Hand to the Community appeared first on Appraisal Buzz.

Commercial Mortgage Lending on Track to Increase in 2021

Appraisal Buzz

Total multifamily lending alone, which includes some loans made by small and midsize banks not captured in the overall total, is forecast to rise to $409 billion in 2021 – a new record and a 13%.

Simplify complex lending processes with powerful analytics

Housing Wire

As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. The post Simplify complex lending processes with powerful analytics appeared first on HousingWire.