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Floify’s new platform aims to provide flexible pricing for mortgage lenders

Housing Wire

Broker Edition is designed to provide an intuitive loan management portal for borrowers while making loan management simpler at an accessible price point. Founded in 2013, Floify — a subsidiary of Porch Group Inc. — is a software development company that offers a digital loan origination system and POS for the mortgage industry.

Mortgage 448
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Floify launches lending platform for mortgage brokers

Housing Wire

Founded in 2013, Floify — a subsidiary of Porch Group Inc. — is a software development company that offers a digital loan origination and POS system for the mortgage industry. The Colorado-headquartered firm was acquired by publicly traded proptech company Porch Group, Inc. in an $87 million deal in 2021.

Lending 468
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Floify rolls out income/employment verification technology

Housing Wire

While running employment and income verification reports can be an expensive step in the mortgage process, it’s designed to reduce loan risk during underwriting. Founded in 2013, Floify — a subsidiary of Porch Group Inc. — The Colorado-headquartered firm was acquired by publicly traded proptech company Porch Group, Inc.

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SimpleNexus secures $108 million in Series B funding round

Housing Wire

The Utah-based software developer offers a private-label digital mortgage platform and mobile app designed to connect lenders with borrowers and real estate agents. In fact, prior to founding SimpleNexus in 2011, CEO Matt Hansen worked on the Simplifile development architecture team for nearly five years.

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FHA proposes updates to reverse mortgage debenture interest rates

Housing Wire

In a final rule titled “Strengthening the Home Equity Conversion Mortgage Program,” FHA codified several significant changes to the HECM program that were previously issued by HUD under the Housing and Economic Recovery Act (HERA) of 2008 and the Reverse Mortgage Stabilization Act of 2013. But the U.S.

Mortgage 443
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Sunrise Banks Names New CIO

Appraisal Buzz

He began his career at FHLB in 2013 as an enterprise architect and worked his way up to his most recent role of VP/Director of Information Technology. Treasury as a Community Development Financial Institution (CDFI), a designation earned by approximately 100 banks nationwide. With locations in Minneapolis/St.

Design 396
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CRT protects GSEs, taxpayers from unexpected disasters

Housing Wire

After all, the FHFA reported that since 2013, the GSEs had paid approximately $15 billion in interest and premiums for their CRT coverage while receiving just $50 million in write downs or reimbursements. CRT transactions, on the other hand, are typically designed to cover only unexpected losses. The benefits of CRT are numerous.

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