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Stronghill Capital shuts down consumer, correspondent lending

Housing Wire

Small-balance commercial lender Stronghill Capital shut down its nascent consumer and correspondent lending businesses late last week. He cited a difficult market and elevated rates as reasons for shutting down correspondent and consumer lending businesses , which were added in 2022.

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Real estate brokerage Radius unveils mortgage-lending arm

Housing Wire

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. Is now a good time to invest in real estate automation technologies?

Brokerage 397
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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. The post Real Estate Tech Demo Day: Home Lending Pal appeared first on HousingWire. Get More Info.

Lending 360
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Wells Fargo, CoreLogic partner on real estate tax processing operations

Housing Wire

Wells Fargo and information services company CoreLogic partnered on real estate tax processing operations to enhance risk management, compliance and customer experiences in the mortgage servicing sector. The data company’s clients include mortgage lenders, real estate brokers and property management companies.

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Opinion: The elephant in the real estate room? Lowballed appraisals

Housing Wire

As a refresher, “redlining” means that no matter the features or amenities that a home provides, if the home is in a neighborhood with Black residents (homeowners or renters), traditional (and more affordable) lending and insurance would be denied — although a few sub-prime options tend to circle these communities like sharks.

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Change Lending to join Federal Home Loan Bank of San Francisco

Housing Wire

Nonbank mortgage originator Change Lending will become a member of the Federal Home Loan Bank of San Francisco (FHLB-SF). We welcome a partnership with the FHLB-SF to enhance our strength and reach as America’s CDFI,” said Steven Sugarman , founder of the Change Company, the parent company of Change Lending. “We

Lending 406
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Floify launches lending platform for mortgage brokers

Housing Wire

Digital mortgage automation solution provider Floify launched a lending platform for mortgage brokers built on the foundation of the Floify point-of-sale (POS) platform. The Colorado-headquartered firm was acquired by publicly traded proptech company Porch Group, Inc. in an $87 million deal in 2021.

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