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How About Loan Conditions?

George Dell

How about “loan conditions”? The post How About Loan Conditions? The post How About Loan Conditions? Clients only need a value in order to quantify risk. Is this scary? Editor’s Note: This post is an intersection of Modernization and Risk. Historical value may only be relevant to #3.

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Is There a Loan Conditions Adjustment?

George Dell

Appraisers have adjustments for “market conditions” and “sale conditions.” Why not “loan conditions?” Read Part I here Loan Conditions. Market conditions, for any particular market, price levels – trend together. The post Is There a Loan Conditions Adjustment?

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Sun West unveils NFT loan powered by AI technology

Housing Wire

Morgan has reviewed and resolved within two hours some 99% of the thousands of daily loan conditions presented to Sun West, according to the lender. In addition, Sun West said more than 30% of the loan conditions received were reviewed within 30 minutes.

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January Demo Day: Smart Underwrite

Housing Wire

Product Fast Facts #1 Integrates seamlessly with a lender’s loan origination platform, via API services, to read, react, and perform real-time, automated, underwriting activities. #2 2 Identifies loan conditions and related borrower tasks (data and/or documents) needed to fulfill those conditions.

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Prudent AI debuts non-QM underwriting tool

Housing Wire

The software introduces a dual-phase review process, aiming to match loan conditions with investor criteria before the application enters the underwriting queue. Lenders in this market often face added complexity and regulatory scrutiny, and Prudent AI said its system is designed to address these operational challenges.

Tools 374
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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.

Mortgage 388
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Fintech Milo unveils crypto-mortgage refis

Housing Wire

” Milo is offering a cash-out refinance, a product that allows clients to replace their current mortgages with a new one to take advantage of better loan conditions, such as lower rates and longer terms, and withdraw a portion of the home equity in a lump sum.

Mortgage 441