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How hybrid title and valuations help increase lending efficiency

Housing Wire

Historically low interest rates in 2020 led to an all-time high in mortgage lending for new loans, but with forbearance moratorium deadlines being extended, some lenders are getting nervous. HW: How can integrating title and valuation data points alleviate those pain points? Altisource and HomeVal are here to help do that.

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LoanDepot to IPO this week at possible $6.2B valuation

Housing Wire

billion valuation later this week. If all goes according to plan, loanDepot would command a valuation of $6.2 At the time, loanDepot was seeking a valuation of between $12 billion and $15 billion, Bloomberg previously reported. The momentum for non-bank lending is here to stay. valuation appeared first on HousingWire.

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The Coronavirus Home Valuation Test

Appraisal Buzz

That changed in March 2020 when the COVID-19 virus struck. Without accurate collateral valuation, lenders could not properly underwrite new loans. In December, Fannie Mae issued Lender Letter LL-2020-04 , in which it extended its temporary flexibility into the new year. Home Equity lending is another case in point.

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Tomo raises $40M Series A, hits $640M valuation

Housing Wire

The fundraise more than doubles Tomo’s valuation to $640 million. The company has expanded to seven states since it was founded in October 2020 by former Zillow executives Greg Schwartz and Carey Armstrong, and plans to be in half of all U.S. million seed round for its Canadian real estate valuation platform.

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Nonbank lenders profited $4,200 per loan in 2020

Housing Wire

Across the mortgage industry, revenues swelled to record highs in 2020. According to recent data from the Mortgage Bankers Association , IMBs and mortgage subsidiaries averaged around $4,202 profit on each loan in 2020, compared to $1,470 per loan in 2019. But 2020 is going to be a tough year to beat, largely due to the dip in refis.

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Simplify complex lending processes with powerful analytics

Housing Wire

As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. The post Simplify complex lending processes with powerful analytics appeared first on HousingWire. Added Value to Clients.

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Better.com snags $200 million in series D funding for $4 billion valuation

Housing Wire

Online mortgage lender Better.com revealed it raised $200 million in a series D financing that put the New York-based startup at a $4 billion valuation, according to an internal memo reviewed by Bloomberg. The post Better.com snags $200 million in series D funding for $4 billion valuation appeared first on HousingWire.

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