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Milo launches a crypto mortgage product

Housing Wire

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
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Blend’s soft credit pull function supports Fannie Mae’s DU early assessment

Housing Wire

Mortgage tech firm Blend aims to court more lenders as it now supports Fannie Mae ’s Desktop Underwriter (DU) early assessment enhancement with a direct integration from Blend’s soft credit pull function. DU early assessment gives lenders more options for their pre-qualification process in DU.

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One lender begins targeting Gen X for reverse mortgages

Housing Wire

One of the ways that RMF approached the decision to tackle lowering the minimum age requirement on Equity Elite came from the product development team pursuing different options to enhance its offerings, similarly to the way the idea to streamline borrower qualification came about. How the idea emerged , age-restricted communities.

Mortgages 468
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FinLocker raises $17M in Series B funding round

Housing Wire

The company said it will be using generative artificial intelligence (AI) and machine learning technologies to provide customers with personalized recommendations, credit management solutions, budgeting assistance and loan qualification tools. million in pre-seed funding in 2016. It already has more than 40,000 registered customers.

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How loan originators survived a cutthroat mortgage business in 2023

Housing Wire

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
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CHLA applauds bill to crack down on mortgage trigger leads

Housing Wire

this week that applauds the introduction of a bill to ban mortgage trigger leads outside of certain situations. Trigger leads are essentially mortgage customer leads that are sold by credit bureaus to lenders. John Rose (R-Tenn.) The bill, House Resolution (H.R.) The bill was introduced into the U.S.

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UWM expands its hard credit reports program

Housing Wire

United Wholesale Mortgage (UMW) has enhanced its Safe Check program , which provides credit reports without initiating unwanted trigger lead solicitations to brokers’ competitors. In some cases, the lender will provide a hard credit report at no additional cost to borrowers.