article thumbnail

Ready or not, CRA modernization is at the door

Housing Wire

Doing so would result in 32% of examined lenders receiving a “Needs to Improve” score, compared to the 16% earning that mark for their retail performance from 2017 to 2019, bank regulators estimated. The post Ready or not, CRA modernization is at the door appeared first on HousingWire. Doing those two things is difficult.”.

article thumbnail

Tech firm Polly bulks up to help modernize mortgage industry

Housing Wire

Also participating in this latest funding round is Movement Mortgage , which describes itself as the sixth largest retail mortgage lende r in the nation, funding some $30 billion in residential mortgages annually. The post Tech firm Polly bulks up to help modernize mortgage industry appeared first on HousingWire.

Insiders

Sign Up for our Newsletter

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

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

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). Patelco is California’s fourth-largest credit union mortgage lender by number of loans closed annually. The post Patelco Credit Union Selects Empower LOS appeared first on MortgageOrb.

article thumbnail

UWM sunsets FindAMortgageBroker.com, rebrands to Mortgage Matchup

Housing Wire

The DNA and mission of this website has not changed, rather Mortgage Matchup provides a new visual identity to help us resonate with consumers in a more modern, approachable way. Brokers originated $62 billion in Q3, both down from the previous quarter’s $67 billion and $81 billion in Q3 2022.

Mortgage 427
article thumbnail

Lower has a round of layoffs to “weather upcoming rate hikes”

Housing Wire

With the job cuts, Lower has now 1,200 workers across all its businesses, including retail, mortgage as a service, wholesale and its direct-to-consumer arm called Lower.com. Lower claims its platform allows distributed retail partners to connect into its infrastructure to benefit from its streamlined technology.

Retail 403
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