Housing Wire

OCTOBER 22, 2021

. “Much has changed since the federal government engaged in Depression-era redlining, but discriminatory lending practices by financial institutions still exist,” Garland said. ” The initiative will “seek to address fair lending concerns on a broader geographic scale than the DOJ has ever before,” Garland said.

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Housing Wire

JANUARY 26, 2022

Also participating in this latest funding round is Movement Mortgage , which describes itself as the sixth largest retail mortgage lende r in the nation, funding some $30 billion in residential mortgages annually. Building the next generation of tech: Three ways to digitize home lending.

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Housing Wire

MAY 5, 2022

That’s partly because, according to a joint notice of proposed rulemaking from bank regulators on Thursday, banks’ performance would be judged by where they lend, not just where they have branches. Honestly we don’t know if that is coming or not,” said Ricard Pochkanawala, senior policy council at the Center for Responsible Lending.

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Appraisal Buzz

SEPTEMBER 17, 2021

This month marks an exciting milestone in Sagent’s modernization of mortgage servicing for America’s top banks and lenders. We’re adding mortgage/consumer lending disruptor Figure as a client and a software innovation partner. The post Sagent’s Playbook to Modernize $1 Trillion in Mortgage Servicing appeared first on Appraisal Buzz.

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Housing Wire

APRIL 1, 2024

A federal judge in Texas has granted a preliminary injunction to banking trade groups that seek to halt the implementation of new rules for modernizing the Community Reinvestment Act (CRA), according to court documents reviewed by HousingWire. We look forward to litigating this matter to a final judgment.”

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Housing Wire

APRIL 17, 2024

Tennessee-based multichannel mortgage lender First Community Mortgage announced on Wednesday that it has selected the Blue Sage Solutions digital lending platform and its LION Consumer POS to help scale its growth efforts across the 48 states it operates in. In FCM’s case, this also includes interim servicing.

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Housing Wire

SEPTEMBER 30, 2020

Technology has made many aspects of day-to-day life more seamless than ever, with instant, easy and personalized consumer experiences; however, lending is still difficult. The Origence Mortgage Platform is an end-to-end lending platform that puts the power of modern technology in lenders’ hands, enabling them to close more loans, faster.

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Appraisal Buzz

MARCH 25, 2024

Warehouse lending software provider Forta Solutions hit a milestone recently: the funding of its first loan through its SaaS warehouse lending platform, Agility, which launched in October 2023.

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Housing Wire

JUNE 7, 2022

For example, a loan processor may use a modern LOS to order a flood certification, title report, AUS decision or data verifications, but once the order has been placed, what if the data doesn’t arrive? The post Are these factors creating chaos in your mortgage lending ops? appeared first on HousingWire.

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Housing Wire

FEBRUARY 14, 2023

Insellerate Modern CRM, Engagement & Customer Intelligence Platform Insellerate helps loan officers close more loans with our award-winning modern CRM, Lead Management, and Engagement platform, which handles all your lending channels, retail, wholesale, TPO, Consumer Direct, and Reverse.

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Housing Wire

MARCH 19, 2024

ICE’s approach to modernizing housing finance with integrated technology and seamless data sharing aligned perfectly with what we’re seeking to accomplish for our customers. That is a common goal we share. On Monday , Lennar Mortgage also announced that it is moving its servicing operations to ICE Mortgage Technology’s MSP system.

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Appraisal Buzz

APRIL 10, 2024

The enhanced integration enables lenders to support a lending experience that reflects the acquired knowledge of a nurtured relationship, Floify says in a release. This integration responds to a growing demand from lenders for tools that provide both their LOs and customers with greater convenience and a more modern technology experience.” “We

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Housing Wire

OCTOBER 12, 2023

Customer engagement platform Total Expert ‘s customer intelligence and mortgage tech firm Polly ‘s product and pricing engine (PPE) will help California-based lender Mountain West Financial identify lending opportunities from its existing database.

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Housing Wire

JANUARY 2, 2024

Fifteen years ago, I launched a business on a mission to modernize and decrease friction in the real estate finance supply chain. Right now, there’s both a compelling need and the technological capacity to do mortgage lending differently. Here’s what is possible now I’ve been thinking about these and similar issues my entire career.

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Mortgage Modernization Finance Supply Chain 438

Housing Wire

AUGUST 11, 2021

LOX, an AI-powered TPO lending platform, that brings Loan Originators and TPO Brokers together, providing real-time data exchange and data-driven processes to ensure a more fluid experience for brokers, boosting productivity and reducing loan cycle times. Tavant’s FinXperience Broker Platform is powered by V?LOX, Product Fast Facts. #1.

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Housing Wire

NOVEMBER 27, 2023

HousingWire recently spoke with David Bernard, senior managing director of Specialized Mortgage Services at Western Alliance Bank , Member FDIC, about warehouse lending and how the warehouse sector and mortgage finance have progressed and continue to evolve. DB: Warehouse lending has evolved beyond traditional boundaries.

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Housing Wire

MAY 23, 2022

The legislation would modernize the Department of Veteran Affairs ‘ appraisal requirements by allowing desktop appraisals, and in some circumstances, waving appraisals all together. A piece of legislation introduced in the Senate in mid-May could streamline the appraisal process for VA loans.

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Housing Wire

MARCH 28, 2024

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. Just five lenders originated more than 75% of all home-only loans from 2018 to 2022, four of whom specialize in home-only lending.

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Housing Wire

JUNE 10, 2022

Maxwell Point of Sale provides a modern mortgage experience for borrowers and lending teams. Maxwell’s intelligent automation is proven to save time in the lending process, shaving off more than 13 days in the time to close. #3. Maxwell Point of Sale. Everyday, 300+ lenders choose Maxwell to help them close loans 13 days faster.

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Housing Wire

SEPTEMBER 16, 2022

Looking for a quick and easy way to stay up-to-date on mortgage lending news, trends and technology? Host Phil Treadwell and industry experts share their experiences and advice on how to build more modern and relevant business. Mortgage Lending Mastery. Lykken on Lending. Lending Forward. Mortgage Marketing Expert.

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Appraisal Buzz

JUNE 23, 2022

Mortgage Markets CUSO is now using Mortgage Coach to increase mortgage lending engagement at the credit unions it serves. A subsidiary of Connecticut-based Finex Credit Union, Mortgage Markets CUSO is a credit union service organization that was founded in 2003 to fulfill credit unions’ need for modern, friendly mortgage lending outsourcing.

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Mortgage Marketing Modernization Lending 195

Housing Wire

MAY 1, 2023

Eligible renovations can include property preparation for natural disasters or modernization to a home’s electrical or water systems. Although PACE lending is authorized by local governments, private companies typically administer the programs, which can include marketing of the loans, managing originations, and making the lending decisions.”

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Housing Wire

APRIL 28, 2023

Digital lending solutions provider DocMagic announced this week that it has added ADA-compliant mortgage loan documents to its document library. Much of modern lending technology is designed to give consumers the convenience to access loan documents in the ways that work best for them.

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Housing Wire

APRIL 14, 2021

Santos had served at Infosys for two years before his latest appointment, and previously served as the North American lending executive for IBM. LaRaia has been in the industry for over 20 years and was previously the chief compliance officer/deputy general counsel at Supreme Lending.

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Housing Wire

JUNE 17, 2022

Amanda Hill: Lenders see appraisal modernization as a top priority by Maria Volkova. Amanda Hill: My first job for a small but innovative bank when I was still in college…I started as a teller, but when I was bored, they taught me to assist in other areas and lending captured my interest! To become an HW+ member, click here.

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Housing Wire

DECEMBER 17, 2021

Fair lending laws and regulations have 60% of respondents very or somewhat concerned. The CFPB has made it clear, already, that fair lending enforcement is a top priority. In October, the CFPB, the Office of the Comptroller of the Currency and the Department of Justice announced they would take on “modern-day redlining.”

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Housing Wire

MARCH 8, 2023

District Court for the Southern District of Ohio last month, alleged that Park National failed to provide mortgage lending services by redlining majority-Black and Hispanic neighborhoods in the Columbus area from at least 2015 to 2021. The complaint, filed in federal court in the U.S.

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Appraisal Buzz

APRIL 2, 2024

Tom’s mortgage association background where he dealt with both lender and vendor members has cultivated his deep, holistic understanding of the entire mortgage lending process,” says Greg Holmes, chief revenue officer of Xactus, in a release. I’m looking forward to seeing his contributions to advancing the modern mortgage at Xactus.” “For

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Housing Wire

JANUARY 3, 2023

When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect.

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Housing Wire

SEPTEMBER 8, 2021

According to the OCC, the current proposal would align the OCC’s CRA rules with the other federal banking agencies to “facilitate ongoing interagency work to modernize the CRA rules and create consistency for all insured depository institutions.”.

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Housing Wire

APRIL 4, 2024

representatives at federal agencies reinforced their support for the new rules that would modernize the Community Reinvestment Act (CRA), a few days after a federal judge in Texas granted a preliminary injunction to banking associations that seek to halt its implementation. This week in Washington, D.C.,

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Housing Wire

NOVEMBER 19, 2021

The agency asks for comment on whether the HMDA rule has “brought greater transparency to the mortgage market,” and whether it helps identify possible discriminatory lending patterns and enforcement of anti-discrimination laws. The agency also uses HMDA data to identify and call attention to systemic issues in mortgage lending.

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Appraisal Buzz

MARCH 21, 2024

The three-day event challenged practitioners from across the technology and mortgage finance sectors to build and present innovative solutions for increasing access, fairness, affordability and sustainability in mortgage lending.

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Housing Wire

DECEMBER 2, 2020

More than that, the fintechs that flooded in brought with them a promise to modernize the mortgage industry with data-rich, cloud-enabled and digitally secure workflows. Sure, new online lending operations like SoFi, Better and a handful of others are taking advantage of their lack of traditional infrastructure.

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Housing Wire

FEBRUARY 2, 2022

ConsumerDirect Mortgage rebranded itself to Real Genius and announced the launch of a modern mortgage application platform to simplify a borrower’s experience. Since 2016, we’ve helped more than 51,000 families with their mortgage needs, lending more than $15 billion,” said Thornton. Learn here! Presented by: Maxwell.

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Mortgage Technology Lending Modernization 367

Appraisal Buzz

SEPTEMBER 15, 2021

—Digital transformation is underway with a modern approach to appraisal management—. Envoy is undergoing a digital transformation and providing extensive investment in technology optimization to improve its overall lending solution, resulting in a modern mortgage experience. About Reggora.

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Technology Appraisal Modernization Mortgage 195

Clear Capital

FEBRUARY 2, 2022

Over the past few years, leading companies from across the industry have modernized and transformed how appraisals are manufactured to streamline the lending process and improve the borrower’s experience. Today’s Selling Guide update for 1004 Desktop appraisals signal the industry-wide adoption of modern appraisal methodologies.

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