Housing Wire

OCTOBER 1, 2020

Realtor.com and Rocket Mortgage , two of the biggest companies in the digital real estate space, have formed a key advertising partnership that their competitors are sure to notice. We send them a link to get digitally preapproved through Rocket Mortgage, and we alert the agent that they’re going through this flow. .”

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Housing Wire

JUNE 20, 2024

Oklahoma -based Adfitech , a mortgage industry partner for quality control and risk management services, has changed its name to Mortgage Connect Risk Solutions. The move reflects the company’s 2022 acquisition by Pennsylvania -headquartered Mortgage Connect LP.

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Due diligence Mortgages Pre-approval Lending 448

Housing Wire

JANUARY 20, 2021

And not just research on the best down payment or neighborhood to live in – you should also search the right mortgage lender. . The type of mortgage loan you qualify for is just as important as the mortgage lender you work with. The good news, it’s easy to find a mortgage lender. Buying a home?

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Debt-to-income ratio Pre-approval Mortgages Loans 459

Housing Wire

JANUARY 18, 2022

Milo , a Miami-based digital lender, will soon offer a crypto mortgage to clients with digital assets. If a client qualifies, they will receive a low interest rate 30-year crypto mortgage, the company said. And unlike conventional mortgages, there are no down payment requirements.

Mortgages 501

Mortgages Pre-qualification Pre-approval Lending 501

Housing Wire

SEPTEMBER 6, 2023

The Consumer Financial Protection Bureau (CFPB) last week made a quiet change to its guidance related to the Real Estate Settlement and Procedures Act (RESPA), affirming that mortgage originators who partner with U.S. The change was confirmed through a LinkedIn post by HUD Deputy Assistant Secretary for Housing Counseling David Berenbaum. “The

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Housing Wire

DECEMBER 22, 2020

The mortgage application process can be a confusing one — especially if you’ve never gone through it before. Here are the top five mortgage-related terms you’ll want in your arsenal: 1. Here are the top five mortgage-related terms you’ll want in your arsenal: 1. Fixed-rate mortgage. Pre-approval.

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Keeping Current Matters

SEPTEMBER 10, 2024

Since the supply of homes for sale is growing and mortgage rates are coming down, you may be thinking it’s finally your moment to jump into the market.

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Housing Wire

FEBRUARY 4, 2021

Qualify for the lowest mortgage rate you can. Fortunately, record-low mortgage rates can help offset those rising prices — that is, if you can snag them. Get pre-approved before beginning your home search. A mortgage pre-approval is non-negotiable in this environment. Need a real estate agent?

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Housing Wire

SEPTEMBER 26, 2023

Mortgage tech firm Blend Labs has added an assets-derived income capability to its existing “Blend Income” product. Blend Income pre-populates a consumer’s loan application with income and employment information derived from the consumer’s direct deposit history. million in Q2 2023, narrowing its financial loss from $35.6

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Housing Wire

FEBRUARY 1, 2023

The slowdown in the Federal Reserve ‘s short-term rate hikes , announced on Wednesday, was welcome news for the mortgage market and solidified expectations that the 30-year mortgage rates will drop throughout 2023. The MBA forecasts a modest drop in mortgage rates through 2023, ending closer to 5%. in February 2022.

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RIS Media

SEPTEMBER 14, 2023

Before you buy a home, unless you have the cash to purchase outright, you’ll need to get pre-approved. Understanding how mortgage pre-approvals work is essential. This means finding a lender that offers the type of mortgage you want and then going through the pre-approval process.

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Housing Wire

JANUARY 25, 2023

Embattled digital lender Better.com launched a program that will allow customers to apply for a mortgage, get pre-approved, lock their rate and receive a mortgage commitment letter within 24 hours. CEO Vishal Garg first announced the program at the Inman Connect conference in New York. Better.com originated $9.8

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Housing Wire

MARCH 23, 2023

Buyers continue to feel the pinch from high mortgage rates and still-elevated home prices. An increase in MBA’s PAPI – indicative of declining borrower affordability conditions – means that the mortgage payment to income ratio is higher due to increasing application loan amounts, rising mortgage rates or a decrease in earnings.

Mortgages 418

Mortgages Pre-approval Fixed-rate mortgage Loan Officer 418

Housing Wire

AUGUST 4, 2022

Two years after acquiring RoundPoint Mortgage Servicing , Freedom Mortgage Corp. has inked a deal to sell the nonbank mortgage servicer to Matrix Financial Services Corp. another leading mortgage servicer and a wholly owned subsidiary of real estate investment trust Two Harbors Investment Corp. million premium.

Mortgages 397

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Housing Wire

JANUARY 8, 2021

As we think about coming out of this first month of the year, we’ve quickly realized this year is going to be anything but planned or what we in the mortgage lending industry are used to. But for others, low mortgage rates gave way to pre-approved borrowers struggling in a very competitive seller’s market.

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Lending Mortgages Pre-approval Loans 476

Housing Wire

JANUARY 18, 2023

Columbus, Ohio-headquartered lender Lower rolled out mortgage as a service platform that enables consumer finance, banking and real estate companies to offer its mortgage products. . iBuyer Opendoor is Lower’s first mortgage platform customer, which Snyder said will help the platform expand its reach. . population.

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Mortgages Pre-approval Lending Finance 397

Housing Wire

JUNE 30, 2021

In today’s booming housing market, mortgage brokers want to be able to close loans faster and more efficiently. This gives brokers a more robust pre-approval that can compete with cash offers, and subsequently, shorten the processing and underwriting cycle times by almost half. Chief Production Officer Jay Promisco said.

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Housing Wire

DECEMBER 6, 2022

million in its seed round to build a mortgage-as-a-service platform for fintechs, banks and retail banks. The built-in underwriting logic aims to deliver quick and accurate decisions to borrowers with maximum affordability approvals and automated tasking. Startup Pylon raised $8.5

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RIS Media

SEPTEMBER 1, 2023

An essential part of the home-buying process is getting pre-approved for a mortgage. When your lender has checked your finances, they will issue a pre-approval letter. A common question among buyers is how long it takes to… The post How Do Mortgage Pre-approvals Work?

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Housing Wire

DECEMBER 1, 2023

Mortgage originators will pay more to access consumer credit reports in 2024, reigniting complaints from mortgage lenders and trade associations. Compared to 2022, mortgage lenders in 2023 saw a price increase between 10% and 400% , mortgage trade groups and other stakeholders said. In 2024, Fair Isaac Corp.

Mortgages 482

Mortgages Pre-approval Closing costs Lending 482

Housing Wire

MARCH 29, 2023

When the 30-year fixed rate dropped for the third straight week in late March, homebuyers responded, giving a boost to mortgage applications. And, following investors’ rush into bonds after the recent bank failures earlier this month, yields moved even lower last week — and mortgage rates followed.

Mortgages 435

Mortgages Pre-approval Banks Loan Officer 435

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% Will Savage, an LO at PMC Mortgage. Before the Federal Reserve raised the federal funds rate by 0.75

Mortgages 448

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 448

Housing Wire

OCTOBER 25, 2024

s largest metros, a monthly mortgage payment is less expensive than the average rent. In Chicago , the typical rent payment is $2,074 per month, but a monthly mortgage payment is $1,640 – a savings of nearly $434 a month by owning rather than renting. In some of the U.S.’s In Pittsburgh , the savings are about $321 a month.

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Housing Wire

NOVEMBER 30, 2021

Many mortgage lenders want to reduce the work involved with integrating third-party applications, as well as identify other ways to better streamline their operations and improve the customer experience. Additionally, the solution leverages artificial intelligence (AI) to guide borrowers through the mortgage application process.

Loans 370

Loans Pre-approval Loan Officer Mortgages 370

Housing Wire

SEPTEMBER 16, 2024

The country’s largest wholesale lender, United Wholesale Mortgage (UWM), has launched a broker training program that will teach individuals to become licensed mortgage originators. UWM announced the move Saturday at the Association of Independent Mortgage Experts ’ (AIME) annual FUSE event in New Orleans. 21, 2024.

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Housing Wire

MAY 24, 2024

In fact, according to a recent study, millennials currently struggle with so much debt that 25% worry they won’t qualify for a mortgage. 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.

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Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage. An additional 21% closed 1.5

Loans 459

Loans FHA loan Mortgages Loan Officer 459

Housing Wire

MAY 8, 2023

Fintech software and hardware company Mortgage Automation Technologies, Inc. announced on Monday that it has integrated its next-generation point of sale system, The BIG Point of Sale, on the latest API Platform available through ICE Mortgage Technology , a division of Intercontinental Exchange, Inc.

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Housing Wire

NOVEMBER 13, 2024

The past two years have been tough, but even before 2021, Black homeownership was either falling or stagnant and remains far from its pre-2004 high of nearly 50%.” Lower-income Black and white mortgage applicants were also found to be paying higher interest rates in general than those of greater means, the report said.

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Housing Wire

SEPTEMBER 14, 2020

We have already seen evidence that mortgage servicing is forever changed and purchase money lending will suffer, at least in the short term. The mortgage industry, in general, has lagged behind other industries in terms of maximizing the benefits of new technologies. Setting the mortgage industry up for success.

Lending 488

Lending Mortgages Technology Loans 488

Housing Wire

APRIL 8, 2021

Get pre-approved to show you mean business: Consider obtaining a pre-approval for a mortgage from a lender by the time you reach the offer stage, as this document can play a key role in the negotiation process. If they have a working relationship, they can usually get those things done pretty quickly.”.

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Pre-approval Inspection Lending Staging 468

Housing Wire

JUNE 6, 2024

Doug Duncan , the chief economist at Fannie Mae , believes pressures from fiscal and monetary policy have brought volatility to the secondary mortgage market, creating a “higher-for-longer” scenario in the U.S. economy that mortgage companies should be ready to face. Treasury, which brings the message to “watch for more volatility.”

Mortgages 485

Mortgages Pre-approval Equity Investor 485

Housing Wire

JANUARY 26, 2022

Tomo , a fintech mortgage startup run by former Zillow executives, is expanding its presence, announcing this week that it will now serve borrowers in Florida, Connecticut and Colorado. And they’re looking to capitalize on higher home prices and the market for jumbo mortgages. Presented by: Mr. Cooper. the fintech company said.

Mortgages 370

Mortgages VA loan Pre-approval Lending 370

Housing Wire

DECEMBER 13, 2024

While buyback volumes remain well below their 2022 peak, they are still elevated compared to pre- pandemic levels. The added cost pours salt in the wound for credit unions, banks, and independent mortgage bankers , who are already recording average pre-tax losses of $534 per loan origination.

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Housing Wire

SEPTEMBER 2, 2022

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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Housing Wire

APRIL 4, 2022

million for the mortgage lending operation in its quest to provide customers “a one-stop shop” where they can buy, sell, rent and finance a home, according to a news release from the company. Before the acquisition of Bay Equity was completed, Redfin laid off 121 staffers in its mortgage division. Presented by: 1000watt.

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Housing Wire

OCTOBER 11, 2024

Mortgage solutions provider Floify is now going to go toe-to-toe with Equifax ‘s oft-maligned workplace verification provider The Work Number, which has been criticized by mortgage lenders and regulators for years of cost increases. The steep price increases raise a lot of questions for me.

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