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UWM expands its hard credit reports program

Housing Wire

In addition, in its Safe Check Complete version, launched Wednesday, the broker can order a pre-qualification based on a three-bureau soft credit check for $23. “LOs will also be able to recoup the cost of Safe Check Complete at closing,” the company states in a news release.

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How 2020 exposed a greater need for collaboration between real estate agents and LOs

Housing Wire

HW: How has the financial industry’s response to COVID accelerated the need for digital tools? VL: The financial industry’s response has been swift and impactful, by lowering interest rates and providing fiscal stimulus – for the benefit of consumers and loan originators, of course. How do I sign my kids up for school?

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Opinion: Reframing the American Dream of homeownership

Housing Wire

As industry professionals, we have a responsibility to foster belief in the possibility of homeownership. It may mean drilling down and familiarizing yourself, and your potential clients, with the ins and outs of credit repair, loan pre-qualification and pre-approval, and even basic personal finance and budgeting.

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How loan originators survived a cutthroat mortgage business in 2023

Housing Wire

It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings. According to data from Ingenius , tens of thousands of loan officers exited the industry in 2023. In October, 67% of current LOs produced less than one unit of closed loans in October.

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Overcoming the challenges direct-to-consumer lenders are facing

Housing Wire

Josh Lehr: Pre-pandemic, online home buying existed, but over the last year, shopping online for mortgages became much more popular and convenient as meeting in person with a loan officer was not an option. Consumer direct lenders will need to expand their focus beyond closing the transaction.

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The surprising future of mortgage technology

Housing Wire

Talk to any mortgage technologist about the future of the industry and two topics will emerge immediately: big data and smarter automation. I know this because this is what we’ve been talking about in our industry for the past decade. Two signs that the mortgage industry is ready for change. Joe Camerieri, EVP Mortgage Cadence.

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Creating a path to success in today’s purchase market

Housing Wire

Amid the traditionally busy spring homebuying season, industry professionals are looking for new paths to profitability in a tight purchase market. recovers from the pandemic and routines normalize, the preference for digital solutions shows no signs of reverting to pre-pandemic times. AI has taken the mortgage industry by storm.