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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. IRIS Software Group, one of the UK’s largest, privately held software companies, provides software solutions and services for finance, HR and payroll teams and accountancy firms.

HR 468
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House passes bill to modernize VA appraisals

Housing Wire

Department of Veterans Affairs mortgage loans. With the passage of HR 7735, known as the “Improving access to the VA home loan benefit Act of 2022,” the VA is now permitting desktop appraisals and in some circumstances, waiving appraisals altogether.

HR 508
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It’s time we put the guardrails up and protect consumers from abusive trigger leads 

Housing Wire

When a borrower’s credit is pulled by the lender, a trigger is sent to the credit reporting agency to signal that an individual is interested in applying for home financing. This trigger lead is then repackaged and sold down the vast chain of third-party brokers–completely unbeknownst to the borrower.

HR 413
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Former G-Rate employees allege toxic work environment: Chicago Tribune

Housing Wire

According to Inside Mortgage Finance (IMF) estimates, Chicago-based Guarantee Rate was the ninth-largest mortgage lender in the country in the first quarter of 2024. The lender originated $7 billion in loans from January to March, which held steady compared to the same quarter in 2023.

HR 454
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Introducing the 2021 HW Insiders

Housing Wire

Finance of America Reverse. Senior Director of Strategic Finance. Embrace Home Loans. HR Director. Director of Strategic Finance and Analytics. Finance of America Reverse. Managing Director, Loan Operations and Transaction Management. Finance of America Mortgage. Sourcepoint. Agnes Standowicz.

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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Are these factors creating chaos in your mortgage lending ops?

Housing Wire

Few other industries must deal with the level of complexity of home finance. For example, a loan processor may use a modern LOS to order a flood certification, title report, AUS decision or data verifications, but once the order has been placed, what if the data doesn’t arrive? Challenge 3: The industry brain drain.

Lending 387