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The opportunity cost of modern-day redlining

Housing Wire

Modern-day redlining persists, and it’s costing lenders millions in legal fees. The true cost of redlining Lenders need to carefully evaluate their lending strategies to ensure that they are not unintentionally practicing redlining by neglecting MMCT and LMI neighborhoods, or they may face millions in penalties.

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Why is now the time for lenders to modernize their appraisal processes

Housing Wire

HousingWire recently spoke with Erin Reed, vice president of originations, valuations and operations at ServiceLink about approaching appraisal modernization in an innovative way while addressing logistical challenges along the way. . HousingWire: Why should lenders consider appraisal modernization and how can it benefit borrowers?

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Tech firm Polly bulks up to help modernize mortgage industry

Housing Wire

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. Presented by: Mr. Cooper. “We

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Opinion: Reformed FHA program will offer lenders new business opportunities

Housing Wire

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.

Business 450
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Black Knight Servicing Digital helps servicers deliver a convenient customer experience

Housing Wire

Designed specifically with the end-user in mind, Servicing Digital helps servicers deliver an outstanding, convenient and modern customer experience, which enhances growth and retention.” And it keeps customers on the financial institution’s website, so other scenarios can be presented.

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Former FHFA Chief Fintech Officer Jason Cave Joins Board of Advisors at Argyle

Appraisal Buzz

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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OCC moves to rescind 2020 version of CRA rule

Housing Wire

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.”. The post OCC moves to rescind 2020 version of CRA rule appeared first on HousingWire.