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State of the mortgage industry half-time report

Housing Wire

However, the lenders and loan officers who will be most successful in the second half of 2022 will be those who pivot quickly, understanding both the nuances of the market and the best strategies to help solve problems for today’s homeowners, homebuyers, homesellers, Realtors and financial advisors. Innovations in technology.

Mortgage 398
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Mortgage Coach and Sales Boomerang unify, launch “TrustEngine” platform

Housing Wire

TrustEngine, led by CEO Rich Harris, said borrower intelligence platforms are rapidly gaining traction as mandatory technology for modern mortgage lenders. The company says more than 200 independent mortgage companies, credit unions, banks and brokers currently use TrustEngine’s solutions.

Mortgage 347
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Lenders can reduce costs per loan by up to $258 per file using the Reggora Appraisal Management Platform

Housing Wire

With so many costs and slowdowns being attributed to inefficient appraisals, the opportunity that online appraisal presents is enormous, leaving no room for lenders to forsake fintech solutions that focus on this pivotal part of the process. And those numbers add up when it comes to profit loss.

Appraisal 337
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Lisa Moriello talks tech, 2024 HECM limit and openness to reverse mortgages

Housing Wire

Lisa Moriello “Any loan officer can run a report in their own database to calculate when someone’s date of birth hits that prime age [for a reverse mortgage],” Moriello said. 1, the limit for HECM loans was increased to $1,149,825 by the Federal Housing Administration (FHA). 2024 HECM limit On Jan.

Mortgage 366
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Digital mortgage startup Maxwell lands $16M in Series B

Housing Wire

Other investors included Rotor Capital , The Mortgage Collaborative Emerging Technology Fund , Prudence Holdings and existing investors including Anthemis Group , Route 66 Ventures , and Sovereign’s Capital. Presented by: Sutherland. Maxwell claims the loans on the platform close 50% faster than the national average.

Mortgage 400
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Here’s what lenders should look for in a title provider

Housing Wire

HousingWire recently spoke with Susan Falsetti, managing director of Origination Title and Close at ServiceLink, about the state of title in 2020 and how the EXOS technology platform allowed ServiceLink clients to take advantage of virtual closing solutions. This technology became essential amid social distancing guidelines.

Clients 362
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What is a borrower intelligence platform?

Housing Wire

When mass-market loan origination systems emerged on the scene in the early 1990s, they revolutionized the mortgage workplace by allowing originators to save loan files on a personal computer and share them across local networks — a huge step up from typewritten applications and mainframe computing.