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Automation is coming to non-QM lending

Housing Wire

That has some producers of non-QM loans, which require specialized underwriting expertise, looking to technology, big data and the development of automated underwriting platforms as the solution for dealing with the anticipated surge in loan volume in the years ahead. And it is growing fast, he added. “We’re million,” the report states.

Lending 333
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Tane Cabe joins C2 Financial’s reverse mortgage division

Housing Wire

Cabe, who most recently served as president of reverse mortgage lending at Fairway Independent Mortgage Corp. He also previously served as a reverse mortgage consultant for Security One Lending in the early 2010s. “I helped grow that company’s division after a series of changes and a reorganization of its leadership structure in 2023.

Mortgage 383
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Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

Public health officials note that we have many more tools to address this latest — and likely not the last — challenge. The main takeaway from Mortgage Bankers Association forecast is that we see 2022 as a transition year, moving from a refinance market to a purchase market. today, will reach 4% by the end of 2022.

Marketing 462
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Lenders see appraisal modernization as a top priority

Housing Wire

Out of 200 senior mortgage executives surveyed, who represent 188 lending institutions, 94% think that appraisal modernization efforts will simplify the origination process. The desire to invest in appraisal modernization came in third place, with 29% of lending institutions reporting that this was a top-of-mind investment.

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What mortgage lenders need to know about wholesale

Housing Wire

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. HousingWire: What role has wholesale lending historically played in the mortgage ecosystem?

Mortgage 353
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Tapping home equity in retirement has advantages and pitfalls: Harvard researcher

Housing Wire

While home equity can certainly be a beneficial tool for some seniors to deploy, it will not always be a definitive answer for every senior’s needs. HUD issued $15 million grants in mid-2022 and early 2023 designed to help with health and safety home repairs for low-income seniors. Over the past couple of years, the U.S.

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Building a quality-centric culture is essential to ensuring appraisal integrity

Housing Wire

While the volume of loan repurchases at both Fannie and Freddie has decreased considerably since the peak in the second quarter of 2022, the impact on lenders persists. Moreover, tools like Fannie Mae’s Collateral Underwriter® (CU®) have been introduced to enhance the scrutiny of appraisal data.

Appraisal 366