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The impact of student loans on buying a home

Housing Wire

Nearly 1 in 5 millennials (19%) think their credit card debt will be a stumbling block when applying for a mortgage, while 1 in 7 (14%) think the same about their student loans. How student loans impact your ability to buy a home Adding a mortgage on top of monthly student loan payments can create a significant financial strain.

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Sun West unveils NFT loan powered by AI technology

Housing Wire

Loan originator and servicer Sun West Mortgage Co. has unveiled the latest version of its proprietary artificial-intelligence (AI) platform, called Morgan, which enables the lender to convert pre-approved, property-specific home loans into tradable non-fungible tokens (NFTs).

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Proactive quality control for lenders: How to navigate market shifts, regulatory changes and improve loan quality

Housing Wire

The three overarching themes in all of these conversations include: Operational efficiencies for delinquent accounts : QC teams are honing in on how effectively operational processes are managed for delinquent loans, from customer service to loss mitigation. One critical shift is the adoption of pre-funding QC reviews.

Loans 424
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Real estate newsletters: The ultimate playbook (+ 49 topic ideas & subject lines)

Housing Wire

However, other email tools not specific to real estate agents (like Mailchimp and Flodesk) offer built-in templates that make delivering beautifully designed email newsletters a cinch. Save time with pre-written newsletters from Market Leader Don’t have time to write three or more newsletters every month? Need some great ideas?

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Black Knight’s Borrower Digital POS solution simplifies the mortgage loan application process for borrowers

Housing Wire

Lenders have come to appreciate the benefits technology can bring – but those benefits are only useful if the implementation of new tools doesn’t make the loan process more complicated. Information is routed from the borrower to the loan origination system and vice versa, with the solution providing prompt feedback.

Loans 369
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The Loan Store launches a fast-funding HELOC in multiple states

Housing Wire

Wholesale mortgage lender The Loan Store (TLS) announced on Thursday the roll-out of its new home equity line of credit (HELOC) product, which is currently available in 25 states and Washington, D.C. This approach allows The Loan Store to offer same-day approvals and HELOC funding in as little as three business days after final approval.

Loans 370
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FHA reiterates loss-mitigation options as Helene devastation continues

Housing Wire

handbook, including inspection and repair escrow environments for loans that have yet to close. It also applies to endorsement, loan servicing and loss-mitigation efforts. The notice lists relevant guidance found in FHA’s Single-Family Housing 4000.1