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January Demo Day: Smart Underwrite

Housing Wire

Gateless: Smart Underwrite Smart Underwrite represents a paradigm shift in mortgage lending. Real-time automation of critical underwriting functions, like the evaluation of credit, income, and assets, can drive real-time outcomes, including immediate loan approvals.

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CoreLogic acquires digital mortgage platform Roostify

Housing Wire

“Due to limitations on when and how lenders receive data about property and borrowers, errors and loan conditions aren’t exposed until much later in the process, during processing and underwriting,” the company said. It then tailors that data to the home-buying process.

Mortgage 357
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Builders continue to get a boost from low inventory

Housing Wire

In addition, 33% of builder expect to experience or have already experienced AD&C loan tightening from regional banking partners.

Inventory 378
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What is a Conditional Loan Approval?

PennyMac

When you apply for a mortgage loan, your application is reviewed by a team of underwriters who look through your documentation and information. Then, they decide if they’ll approve your loan and lend you the money. One application response you might see is a “conditional approval.”