Remove Banks Remove Finance Remove Pre-approval
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From consultation to closing: The definitive homebuying checklist

Housing Wire

Secure a mortgage pre-approval As a rule of thumb, its best to have your clients obtain a mortgage pre-approval prior to setting up any searches and conducting property tours. Required documentation Save your clients some time by providing them with a list of the documents theyll need to get pre-approved.

Closing 372
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Plaid unveils Income to aid customer finance

Housing Wire

” The traditional verification approval process can be lengthy: A mortgage pre-approval can take up to two weeks , and the entire mortgage process can take one to two months. Plaid’s technology enables apps to connect with users’ bank accounts. Its most recent valuation was $5.3 billion merger.

Finance 300
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Warehouse lenders stung by FGMC’s bankruptcy

Housing Wire

Bankruptcy Court in Delaware — show the lender owes more than $400 million to four warehouse lenders, which include Customers Bank, Flagstar Bank, Texas Capital Bank and J.V.B. Obligations to Customers Bank are further secured by a cash reserve account and related collateral,” Samples court pleadings add.

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Divvy Homes hits $2 billion valuation after latest funding round

Housing Wire

Existing investors and others including Andreessen Horowitz, Singapore’s GIC, GGV Capital and Moore Specialty Credit participated in the round, which pre-empted a capital raise that could have featured new investors, she said. We’re aiming to bring a legitimacy to alternative home financing options,” said Hefets.

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Lower debuts white label mortgage platform

Housing Wire

Columbus, Ohio-headquartered lender Lower rolled out mortgage as a service platform that enables consumer finance, banking and real estate companies to offer its mortgage products. . population.

Mortgages 397
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Milo launches a crypto mortgage product

Housing Wire

Clients will be able to finance 100% of their purchase…and do this faster than a conventional mortgage,” the company said. “By ” Per the company’s website , it takes five minutes to receive a pre-qualification for a mortgage, though final approval is conditional on finishing the application and providing supporting documents.

Mortgages 501
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Why is our industry still transferring money with paper checks?

Housing Wire

and get a pre-approval for a mortgage from the comfort of your own laptop. Yet, there remains a dark cloud over the general perception of the part of the process that occurs somewhere between the signing of the sales agreement and the exchange of house keys — the mortgage approval and settlement/closing process.