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Equifax to cut underwriting time with IRIS Software Group 

Housing Wire

When a consumer applies for a home mortgage , auto loan or social service benefits, their employer is required to provide employment and income history. Data verification is among the most cumbersome steps borrowers have cited in the mortgage process, leading to longer close times. Small Business Administration (SBA).

HR 468
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NFM CIO Christos Bettios on building AI solutions from scratch

Housing Wire

And we have 500 loan officers that are on the street every day and I can always go to them for ideas. We’ve always owned our own loan application — it’s something we’ve built. Our team’s success is we’re very close to sales and operations. So our loan app has [Microsoft] Copilot features.

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Keller Mortgage eliminates some operations positions

Housing Wire

The layoffs included closing managers, underwriter managers, processors, post closers, funders, and pipeline management positions who were in the retail channel, employees that were notified of their layoffs told HousingWire. The Mortgage Bankers Association expects loan origination volume to drop more than 35% to about $2.5

Mortgages 418
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Introducing the 2021 HW Insiders

Housing Wire

VP, Closing. Embrace Home Loans. HR Director. AVP Retail Closing. Managing Director, Loan Operations and Transaction Management. Loan Processing Manager. Caliber Home Loans. VP Corporate Closing. Candra McLaughlin. VP, Regional Operations. First Community Mortgage. Carmen Acosta-Bergen.

HR 427
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Despite headwinds, these mortgage companies are hiring

Housing Wire

Purchase-focused lenders that didn’t balloon in size to capture refinancing business during the boom, in particular, are looking to hire loan officers. WesBanco Bank , the second-largest bank headquartered in West Virginia, plans to hire at about a dozen loan originators in 20 major markets this year. He’s also bringing in brokers.

Mortgages 476
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The Ultimate Mortgage Loan Documents Checklist For First-Time Homebuyers

HomeLight

The mortgage loan process is pretty messy! We’ve made it easy by giving you a detailed checklist of key documents you can expect to collect, see, or sign for your loan. We’ve made it easy by giving you a detailed checklist of key documents you can expect to collect, see, or sign for your loan. Loan application.

Loans 105
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Looking to Buy in Philly or Pittsburgh? Consider Down Payment Assistance in Pennsylvania!

HomeLight

Potential homebuyers will need to budget for a down payment, closing costs, monthly mortgage payment, and that doesn’t even include the cost of utilities. With some loans requiring as little as 3% down, the initial down payment on the average home could be around $16,300. Consider your closing costs.