Housing Wire

JUNE 1, 2022

The Community Home Lenders Association (CHLA), backed by 41 IMBs, sent a letter urging the FHA to streamline its servicing guidelines, increase permissible lender fees for executing an assumption of an FHA loan, and make changes to FHA’s condo rules.

FHA loan 397

FHA loan Loans Mortgages Banks 397

Housing Wire

OCTOBER 23, 2020

The Federal Housing Administration announced on Wednesday the launch of its first automated underwriting system that will allow lenders to submit loan application data electronically for single family forward mortgages from their loan origination systems to FHA for mortgage insurance eligibility.

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FHA loan Loans Technology Mortgages 468

Housing Wire

MAY 26, 2021

The average time to close on a mortgage has decreased for a fourth consecutive month to 51 days, according to a new study from ICE Mortgage Technology. The percentage of purchase mortgages increased to 43% of total closed loans. The average interest rate for all loans was 3.48% in April 2020.

Closing 476

Closing Mortgages VA loan FHA loan 476

Housing Wire

SEPTEMBER 21, 2021

The announcement comes after more than a year’s worth of efforts by the FHA to streamline and modernize their FHA loan origination and claims process. Last year, the module was introduced as a pilot with no set deadline for lenders to transition.

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FHA loan Lending Equity Technology 476

Housing Wire

AUGUST 31, 2023

“This merger ensures our customers will continue to receive access to the products, services, and technology they need while maintaining the relationship-driven, hands-on service they’ve come to expect,” Dionise said in a statement. Mars Bank held $520.8 million in assets as of June 30, 2023.

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Housing Wire

SEPTEMBER 22, 2023

Kim: Executives at Dark Matter Technologies noted that lenders are most interested in bringing down their origination costs and retaining their clients in this rising-rate environment. Duncan: They have been investing in technology — primarily consumer-facing technologies to get business in the door. I would expect more.

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FHA loan Bankruptcy Marketing Loans 476

Housing Wire

FEBRUARY 25, 2022

The Federal Housing Administration (FHA) announced on Thursday the launch of a new portal for the Department of Housing and Urban Development ’s Single Family Mortgage Asset Recovery Technology (SMART) system.

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FHA loan Title Principal Development 418

Housing Wire

JULY 22, 2024

While the emergence of technology tools is not new to the industry, the latest wave of artificial intelligence (AI)-driven technology is unlike many others that have come before. In this role of being a trusted adviser, technology is helping us be more time efficient and be better at our jobs, but it isn’t replacing us.

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Housing Wire

DECEMBER 21, 2023

While delinquencies remain low overall, the number of delinquent loans ticked up in November, according to the latest ICE Mortgage Monitor report. Furthermore, the delinquency rate among FHA loans is at a nine-year high, and will be worth watching closely in 2024, the report said.

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VA loan Mortgages FHA loan Staging 459

Housing Wire

OCTOBER 27, 2020

Perfect credit would certainly make getting a loan easier (and cheaper), but it’s not a requirement by any means. FHA loans require just a 500 credit score, as long as you can make a 10% down payment, while VA loans have no credit score requirement whatsoever.

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Debt-to-income ratio VA loan FHA loan Loan Officer 431

Housing Wire

OCTOBER 23, 2020

Just before its stock debuted at a disappointing $15 a share, Guild Mortgage settled a federal lawsuit that claimed the lender knowingly breached legal requirements when it originated and underwrote FHA loans. LOs are only human — Tech is necessary to keep up with max loan volumes. It did not admit to any wrongdoing. “We

Mortgages 505

Mortgages FHA loan Lending Loans 505

Housing Wire

JUNE 9, 2022

A Federal Housing Administration (FHA) loan may also appeal to borrowers with a small down payment, as low as 3.5%, but a mortgage insurance premium (MIP) is required and it involves more paperwork than other types of mortgage loans. Presented by: Auction.com.

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FHA loan Renovation Equity Loans 368

Housing Wire

OCTOBER 19, 2023

By doing a cash-out refi, she landed a $340,000 FHA loan and locked in a 6.9% We are paying off her current mortgage balance of $280,000 while maintaining more than $200,000 in home equity,” said Anderson, who runs the mortgage broker shop Rancho Capital Home Loans. Credit scores for FHA loan borrowers could go down even lower.

Mortgages 497

Mortgages FHA loan Equity Loans 497

Housing Wire

JUNE 8, 2022

The CHLA also said independent mortgage banks now originate more than 60% of all mortgage loans and more than 90% of FHA loans, which disproportionately serves minority borrowers. Intercontinental Exchange, the software and data parent company of ICE Mortgage Technology , will acquire Black Knight.

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FHA loan Banks Loans Technology 370

Housing Wire

FEBRUARY 15, 2024

We were focused on being able to take a consumer all the way through on our technology platform for just the conventional loans, and we achieved that milestone back in the summer of 2023. The plan is to distribute the product through its network of partners as it scales. Better Home & Finance Holding Co. ,

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VA loan Loans Loan Officer FHA loan 433

Housing Wire

APRIL 27, 2021

With SIME technology, it’s easy. TMS Subservicing has Freddie, Fannie, Ginnie, Fitch Rating, FNMA Star, conventional loans, FHA loans, VA loans and more. We wanted a subservicer that would allow us to stay proactive and in front of our customers,” said Eddy Perez, CEO of EPM.

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VA loan FHA loan Loans Technology 370

Housing Wire

MARCH 14, 2024

Lisa Moriello “Any loan officer can run a report in their own database to calculate when someone’s date of birth hits that prime age [for a reverse mortgage],” Moriello said. 1, the limit for HECM loans was increased to $1,149,825 by the Federal Housing Administration (FHA). 2024 HECM limit On Jan.

Mortgages 445

Mortgages Loan Officer FHA loan Equity 445

Housing Wire

FEBRUARY 6, 2025

Click n’ Close underwent a massive rebranding effort in June 2022 as it expanded into the mortgage technology industry. It now offers multiple loan programs including SmartBuy SAM to third-party originators, alongside its direct-to-consumer programs for reverse and Native American borrowers.

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Loans Closing Mortgages Technology 246

Housing Wire

SEPTEMBER 13, 2024

Department of Housing and Urban Development (HUD)’s Single Family Mortgage Asset Recovery Technology (SMART) Integrated Portal (SIP), and would then “provide it when they receive a payoff request on an existing FHA-insured mortgage,” the announcement said.

Loans 459

Loans Title Mortgages Design 459

Realtor.com

SEPTEMBER 25, 2020

of FHA loans were seriously delinquent. FHA loans cater to borrowers who often have lower credit scores and higher debt loads. “FHA loans are the canary in the coal mine,” which could be signaling greater trouble ahead, says Tobias Peter , director of research for the housing center. About 17.4%

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FHA loan Loans Mortgages Technology 128

Housing Wire

JULY 14, 2022

This technology-enabled transparency is creating equal opportunity for more buyers, including smaller-volume local investors who can now better compete against the large-volume institutional investors. In that model, the only marketing of foreclosure auctions is through notices in a local newspaper or legal publication.

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Real Trends

NOVEMBER 11, 2022

“With housing affordability at an all-time low and interest rates on the climb, it’s important that homeowners have alternative options to access their home equity without selling or taking on additional debt,” said Michael Gifford, CEO of Splitero , a financial technology company that helps homeowners access home equity. . USDA loans.

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HomeLight

JULY 23, 2024

However, the Federal Housing Administration (FHA) has programs that accept buyers with scores as low as 500. In fiscal year 2023, the average credit score of FHA recipients was 670, according to a U.S. Roughly 2% of FHA loans went to buyers with a FICO score between 500 and 599.

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Mortgages FHA loan Loans Finance 116

Lab Coat Agents

FEBRUARY 7, 2023

Third, you want to find an agent who uses technology to their advantage. FHA mortgage: A mortgage insured by the Federal Housing Administration (FHA) is a good option for first-time homebuyers and other borrowers with limited resources. The minimum down payment for an FHA loan is 3.5%. What Are VA Loans?

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FHA loan VA loan Pre-approval Fixed-rate mortgage 96

AAOA

FEBRUARY 6, 2025

Financing for your tiny home may be more difficult than if you were constructing a traditional home, but in some cases, you may be able to secure an FHA loan. Smart technology integration is also far less expensive for tiny homes than larger properties as they require less equipment.

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Realty Biz

JULY 23, 2023

Recent changes and technological advancements are shaping the lending landscape. Understanding the available options can help navigate the loan process successfully. These loans often have more flexible requirements compared to conventional loans, making them accessible and attractive for those with 1099 income.

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Debt-to-income ratio FHA loan Lending Loans 72

RIS Media

MARCH 19, 2021

This means that there is a clear operational, marketing, technology and customer service model for your brokerage to easily adopt and provide optimal value for the partner’s company. This allows you to fund all loans including FHA loans, thus maximizing revenue and increasing the customer experience.

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FHA loan Loans Mortgages Technology 105

HomeLight

JUNE 30, 2024

The platform offers innovative technologies like its Remote Bid , which allows buyers to bid and win foreclosure properties using a mobile phone app. These homes are typically properties that were financed with an FHA loan and have now been repossessed. Department of Housing and Urban Development ( HUD ).

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Short sale Banks Finance Investor 115

Marco Santarelli

MAY 30, 2024

Alternative Financing Options: Exploring programs like FHA loans or down payment assistance initiatives can help bridge the gap for aspiring homeowners facing stiff competition from cash buyers. When competing against investors, it may be necessary to consider offering above-asking price or presenting a stronger financial profile.

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HomeLight

AUGUST 20, 2021

FHA loans require a special appraisal. If the buyer is financing the property with an FHA loan, an official FHA loan appraiser must conduct the appraisal, in accordance with HUD’s designated guidelines. The FHA appraiser ensures that the property meets HUD’s minimum property requirements.

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FHA loan Inspection Pre-approval Loans 105

HomeLight

MARCH 24, 2022

he’d “like to see the industry do a better job of leveraging technology to improve the efficiency and accuracy of home appraisals. Different loans can make the response time longer as well, Daniels says. In 2022, Adler says, ??he’d So it can be a matter of days to weeks, depending on the market conditions,” Cullen says.

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FHA loan Inspection Loans Sales 105

Realty Biz

JANUARY 4, 2024

Some Loans Are More Strict It's essential to note that some mortgage programs are more strict on what an appraiser will look at. For example, the appraiser must look at health and safety with an FHA loan. See what you should know about an FHA appraisal. What Impact Does the Size of a Property Have on Its Value?

Construction 100

Construction FHA loan Renovation Loans 100

HomeLight

OCTOBER 29, 2021

The average time to close a loan was 48 days in July 2021 , according to ICE Mortgage Technology, a company that produces mortgage management technology. Conventional loans closed in an average of 47 days in July 2021, while FHA loans took 51 days, and VA loans required an average of 52 to close.

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Closing Inspection Title Due diligence 111

GeekEstate

FEBRUARY 14, 2024

Expanding into mortgage has been challenging for real estate businesses and professionals due to high technological entry barriers and complex regulations. This change, previously restricted with FHA loans, marks a pivotal moment. What problem does your product/service solve?

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Calculated Risk Real Estate

JULY 3, 2024

or higher – 1.9M “As of May, 24% of homeowners with mortgages now have a current interest rate of 5% or higher,” said Walden. “As recently as two years ago an astonishing nine of every 10 mortgage holders were below that threshold. “All in, there are 5.8M or higher – 1.9M “All in, there are 5.8M

Mortgages 59

Mortgages FHA loan Loans Staging 59

Marco Santarelli

JULY 20, 2024

Employment stability : Job security often plays a role in the decision to purchase a home.

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Debt-to-income ratio VA loan FHA loan Lending 52

HomeLight

JULY 14, 2021

Fintech, or financial technology , relates to all the new tech options out there that help consumers and businesses manage their money. This can include things like Bitcoin; digital shopping programs that offer small, immediate loans rather than using a credit card; mobile stock trading; and virtual lending institutions.

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