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Stepping up the fight against fraud in mortgage lending

Housing Wire

As origination volumes hit record highs in 2020, Truework’s verification experts saw a spike in fraud in mortgage lending, and expect that trend to continue this year. Presented by: Truework. Now is the time for lenders to tighten their procedures not only on recruiting and hiring practices, but also lending operations.

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JPMorgan Chase amps up correspondent lending

Housing Wire

Presented by: WFG. The MSR valuation rose 12% over the prior quarter. The post JPMorgan Chase amps up correspondent lending appeared first on HousingWire. As the company celebrates its 10th anniversary, WFG continues to look for new ways to serve its clients, consumers and industry. billion in loans serviced in Q4 2019.

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How data and technology can combat appraisal bias

Housing Wire

It’s a problem, it’s real, it’s documentable,” said Shannon Johnson, Touchless Lending product manager at Tavant. At Tavant , they’re taking a look at the past and present of appraisals to prepare for a better future. These additional valuation options will lessen the opportunity for appraisal bias.” Johnson said.

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CFPB outlines anti-redlining, discrimination efforts in new report

Housing Wire

The Consumer Financial Protection Bureau (CFPB) released its 2022 Fair Lending Annual Report to Congress last week, which illustrates how it took aim last year at redlining and appraisal discrimination in pursuit of its enforcement and supervision, guidance and rulemaking, interagency coordination, and outreach and education missions.

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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. Appraisers will be presented with the data elements needed to report the characteristics of the subject property, and analyze the market, comparables, and other necessary parts of the appraisal process.

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Why It’s Time for Foreclosure Tech Innovation

Housing Wire

Collateral valuation is a critical component of mortgage lending and the home sales. With the federal foreclosure moratorium expiring in 2022, the market will undoubtedly see growth in foreclosure transactions as it tries to catch up on both past and present loans. Hosted by Stavvy.

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Reevaluating your origination tools? Here’s where to start

Housing Wire

While the lending industry has traditionally seen a measured and conservative approach to technological evolution, we are finding that many “strategic” decisions are made during these relative lulls in production. We have also seen large multi-channel lenders reducing their risk footprint in wholesale and correspondent lending.

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