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How digitizing the lending experience can optimize margins

Housing Wire

Now, as lenders anticipate tighter margins in 2022 in addition to an already-competitive lending environment, providing an optimal lending experience is key to their success. . Both Ripple and Nguyen referenced 2016 as the “gamechanger” years that shifted focus to the customer experience. POS was all the rage,” Ripple said.

Lending 397
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First Financial Bank to invest $700M by 2028 in affordable mortgages

Housing Wire

billion in the next five years for lending and investments to low- and moderate-income (LMI) clients and census tracts, with 30% of the total tied to mortgage lending. First Financial Bank’s plan also includes investments in small-business lending and donations to organizations that create and preserve affordable housing.

Investing 434
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Are reverse mortgages for purchase a ‘sleeping giant?’ Pros are split

Housing Wire

It represented a modest recovery for a highly underutilized option within a wider and similarly underutilized lending program sponsored by the federal government. Education and new business RMD spoke with three national managers at different lending companies who deal in the reverse mortgage product.

Mortgage 458
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DOJ announces $9M settlement with Washington Trust Company in redlining case

Housing Wire

In this case, the alleged redlining occurred from 2016 through at least 2021, when the bank failed to open a branch in majority-Black and Hispanic neighborhoods. Washington Trust committed to opening two new branches in majority-Black and Hispanic neighborhoods in Rhode Island, with at least two mortgage loan officers.

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Digital mortgage startup Maxwell lands $16M in Series B

Housing Wire

In short, their AI platform, which is built on aggregated loan data from its network, allows loan officers, processors and underwriters to offload manual, arduous tasks. Clients include Credit Union of Colorado , Texas Lending and JMAC Lending. mortgage market. Presented by: Sutherland.

Mortgage 448
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Better launches voice-based AI loan assistant

Housing Wire

This is true disruption of the non-licensed tasks performed by armies of traditional customer service reps, loan officers, and processors in the mortgage industry,” Garg added. Kevin Ryan, Better’s chief financial officer, said that the average cost to sell and process a mortgage in the U.S. is nearly $9,000. million.

Tools 435
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Rate announces revamp of reverse mortgage division with industry veterans

Housing Wire

Meanwhile, Greg Pahel — who previously served in other reverse mortgage divisions at different companies, will join alongside as the division’s EVP of consumer direct reverse mortgage lending.

Mortgage 369