article thumbnail

The opportunity cost of modern-day redlining

Housing Wire

Modern-day redlining persists, and it’s costing lenders millions in legal fees. By shifting to a modern mindset and making diversity central to all lending initiatives, lenders can build strategies that are inherently anti-redlining. Last October, Ameris Bank had to pay $9 million to settle a redlining case. Create internal alignment.

article thumbnail

Opinion: The time is right for origination modernization

Housing Wire

The industry is buzzing with conversations around appraisal modernization — for good reason. Appraisal modernization reduces origination cycle time, bolsters appraiser capacity and helps lenders deliver a more seamless and transparent borrower experience. Here’s a quick rundown of how this modernization can support your success.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Reggora is on a mission to deliver shorter turn times with its modern appraisal management platform

Housing Wire

With first hand knowledge of how complex and time consuming appraisals can be, Reggora is motivated to streamline and modernize the process, benefiting appraisers, lenders and buyers themselves. As appraisal modernization continues to take shape, Reggora is uniquely positioned to lead its customers through the ever changing landscape.

article thumbnail

First Community Mortgage selects Blue Sage platform to scale business

Housing Wire

The move allows the lender to have “modernized its mortgage operational processes, boosted productivity and delivered an enhanced borrower experience for its customers,” the company said in a news release. FCM originated $2 billion in home loans last year through its wholesale and retail divisions, the company reported.

Business 435
article thumbnail

CMO Coleen Bogle on strategic leadership in a higher rate environment

Housing Wire

One of our key initiatives has been to revitalize The Money Store brand, giving it a fresh, modern appeal. We’ve also implemented project management technologies and streamlined processes to improve workflow and turnaround times for loan officer requests, effectively halving the time it takes to fulfill them.

article thumbnail

HousingWire February Demo Day: Insellerate

Housing Wire

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.

article thumbnail

Patelco Credit Union Selects Empower LOS

Appraisal Buzz

Patelco is California’s fourth-largest credit union mortgage lender by number of loans closed annually. The credit union’s 214 loan officers will use the Empower LOS to originate retail home loans, home-equity loans and home-equity lines of credit (HELOCs).