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FOA seeks to ‘modernize’ reverse mortgage outreach efforts to seniors

Housing Wire

It was suspended in 2020 due to economic volatility caused by the COVID-19 pandemic, but it marked its return in February 2023 with a minimum-age eligibility reduction to 55. ‘Digital innovation’ team being built HomeSafe Second, a proprietary second-lien reverse mortgage product, has been a major focus for FOA and its partners this year.

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FHA unveils Automated Underwriting System as part of modernization initiative

Housing Wire

The AUS is built upon FHA’s Catalyst technology platform – a modernization initiative the company says will build trust through “reliable and accurate data, facilitating modern systems for the FHA program participant community.” It is modernization of the entire process.

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How 2020 raised the stakes for the mortgage industry

Housing Wire

Prior to 2020, the mantra around the mortgage industry going back to 2016 was that launching a new “digital experience” was the equivalent to table stakes in poker. Not to be outmatched, the incumbent software providers each updated and launched their own POS to stave off the encroaching technology. Meanwhile, the industry scrambled.

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Opinion: The time is right for origination modernization

Housing Wire

The industry is buzzing with conversations around appraisal modernization — for good reason. Appraisal modernization reduces origination cycle time, bolsters appraiser capacity and helps lenders deliver a more seamless and transparent borrower experience. Here’s a quick rundown of how this modernization can support your success.

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How 2020 is still shaping the way lenders use data

Housing Wire

These commonly referenced models rely upon outdated mathematical tools rather than taking advantage of advances in data and technology, and aren’t granular enough to be valuable. This combination of modern math, instant insights and micro-market granularities are the true value differentiators appreciated by Radian’s clients.

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Tomo Mortgage closes $20M Series B funding round

Housing Wire

Tomo, which was founded in 2020 by former Zillow executives Greg Schwartz and Carey Armstrong, has received a total of $130 million in funding to date. Were excited to invest in Tomo and to support their mission to modernize the home buying experience, Erwin Raeth, corporate development leader at Progressive Insurance, said in a statement.

Mortgage 360
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The surprising future of mortgage technology

Housing Wire

Today, while the mortgage industry has the technology to support this, we’re still in the early stages of determining how it should be used. With the advances we’re seeing in Artificial Intelligence, Machine Learning and Robotic Process Automation, we have become experts at configuring our technology to meet the changing needs of lenders.