Appraisal Buzz

MARCH 3, 2025

Weve been scapegoated, slandered, and kicked to the curb by AMCs and lenders who see us as an inconvenient speedbump rather than a vital part of the lending process. And lets not even get started on how the modernization movement is designed to push us aside in favor of speed and efficiencyaccuracy be damned. Would it ensure fair fees?

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Housing Wire

AUGUST 14, 2023

Appraisal modernization is generating a lot of buzz in the real estate lending industry. Most would agree (me included) that the appraisal process is long overdue for modernization — a 2022 Fannie Mae survey showed 94% of lenders are in favor of appraisal modernization.

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Housing Wire

AUGUST 31, 2023

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. How do the solutions work? Why do we need them? But you already know this.

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Housing Wire

APRIL 2, 2025

Scarpati previously served as the company’s senior vice president of wholesale lending. Last month, the company hired two new executive leaders to modernize the companys digital and customer experience strategies. The addition of Scarpati follows other recent moves by FOA to bolster its leadership ranks.

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Housing Wire

APRIL 27, 2021

Here it is: another article about appraisal modernization. The FHFA RFI responses to appraisal modernization are a treasure trove of insight into ideas and options for modernization from a wide variety of respondents. It is business as usual for at least another year, likely longer. But it’s true, and change is necessary.

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Housing Wire

APRIL 17, 2024

Tennessee-based multichannel mortgage lender First Community Mortgage announced on Wednesday that it has selected the Blue Sage Solutions digital lending platform and its LION Consumer POS to help scale its growth efforts across the 48 states it operates in. In FCM’s case, this also includes interim servicing.

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Housing Wire

DECEMBER 20, 2024

The lender chose LoanPASS to provide its software-as-a-service (SaaS) product and pricing engine in its reverse lending operations. Id taken the first three to six months talking to CEOs, CTOs and these companies about their businesses, and really learned a lot about it.

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Housing Wire

DECEMBER 6, 2021

So far his venture-backed title company has launched platforms that have sped up title clearance and title insurance acquisition, and they have their sights on expanding into the lending and appraisal space. As title insurers our business practices and our regulatory oversight are different in every single state,” Stone said. “So

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Housing Wire

SEPTEMBER 18, 2020

As lenders continue to adjust to a new normal, the pivotal role of technology has become increasingly clear in maximizing productivity and keeping lending pipelines flowing. HousingWire reached out to Chandler to discuss how COVID-19 has propelled a much-needed modernization among lenders. What are some examples of these strategies?

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Housing Wire

SEPTEMBER 8, 2022

But when it comes to marketing a real estate or mortgage lending business, people who have made a sale in the past often consider marketing automation a “nice to have.”. How marketing automation saved Mike’s business. Thanks to this technology, most of his customers and business partners didn’t even know he was sick.

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Housing Wire

MARCH 28, 2024

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. Just five lenders originated more than 75% of all home-only loans from 2018 to 2022, four of whom specialize in home-only lending.

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Housing Wire

JULY 31, 2023

In the proposal’s supplementary information section, HUD explains that the rule as currently enforced is simply outdated, and does not account for modern methods of communication that would comply with the protection of the involved parties’ personal information.

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Housing Wire

MAY 5, 2022

That’s partly because, according to a joint notice of proposed rulemaking from bank regulators on Thursday, banks’ performance would be judged by where they lend, not just where they have branches. Honestly we don’t know if that is coming or not,” said Ricard Pochkanawala, senior policy council at the Center for Responsible Lending.

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Modernization Lending Retail Law 370

Housing Wire

AUGUST 17, 2022

A customized loan application developed for Angel Oak Home Loans will support both agency mortgage and non-QM lending “for borrowers of diverse financial backgrounds,” said Shane Westra, chief product officer at Simple Nexus. How should the current market impact lenders’ tech adoption? Presented by: Polly.

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Housing Wire

JUNE 28, 2024

While this was once a necessary business strategy, the technology now exists to implement a much more efficient approach. Instead of having to hire (and later, lay off) 100 new people and train them, the business can accommodate demand without artificially bloating its workforce.

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Lending Mortgage Technology Training 416

Housing Wire

AUGUST 11, 2021

LOX, an AI-powered TPO lending platform, that brings Loan Originators and TPO Brokers together, providing real-time data exchange and data-driven processes to ensure a more fluid experience for brokers, boosting productivity and reducing loan cycle times. Tavant’s FinXperience Broker Platform is powered by V?LOX, Product Fast Facts. #1.

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Housing Wire

SEPTEMBER 16, 2022

Looking for a quick and easy way to stay up-to-date on mortgage lending news, trends and technology? Podcasts are a great resource for mortgage professionals to continue learning, with shows covering industry updates, business advice and the experiences of other pros in the mortgage industry. Mortgage Lending Mastery.

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Housing Wire

JANUARY 2, 2024

Maybe when the escalating cost of doing business is a perpetual drag on sustainable profitability (in part because of appropriate compensation of business builders, but also in part because mortgage businesses continue to have a tough time scaling without overstaffing and overpaying for leads).

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Housing Wire

JULY 27, 2023

“Market participants have been analyzing mortgage credit risk for many decades, spanning numerous business cycles, yielding a great deal of data and experience demonstrating the relationship between LTV and credit risk.” But one alternative worth exploring is to extend the modernized Basel III to all banks.

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Lending Mortgage Insurance Modernization 370

Housing Wire

DECEMBER 2, 2020

If you wanted to do business with millennials, the emerging core of the home buying customer base, at a bare minimum engaging the consumer in a mobile-friendly, online experience was required just to get a seat at the table. Digital lending is easier for companies that were born in the cloud. Of course, disruption is the whole point.

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Housing Wire

JULY 2, 2024

A new report by IDIQ® , a financial intelligence company, details top consumer credit concerns provided by mortgage , real estate, and lending professionals as well as borrowers themselves. Bryan Sullivan is the Chief Operating and Financial Officer at IDIQ.

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Tools Mortgage Modernization Real Estate 446

Housing Wire

JUNE 7, 2022

Add to those challenges increased competition in a rising interest rate environment that is choking off refinance business, driving overall mortgage volume down significantly. The post Are these factors creating chaos in your mortgage lending ops? To contact the author of this story: Shamit Vohra at at Shamit.vohra@visionet.com.

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Housing Wire

SEPTEMBER 24, 2021

The typical house is now 39 years old — a far cry from the modern, move-in ready property that most homebuyers are looking for. Traditional lending approaches are time-consuming when it comes to fix-and-flip properties. Waning agency business. And total active listings? Those are down 24% over the year.

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Lending Renovations Finance Investors 459

Housing Wire

OCTOBER 21, 2024

Encompass by ICE Mortgage Technology aims to provide a flexible end-to-end solution for lenders in a modern market. From origination to closing, it covers all lending channels in one system. Their team regularly updates Encompass to make it more user-friendly and adaptable to different business needs.

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Housing Wire

MARCH 25, 2021

Clients include Credit Union of Colorado , Texas Lending and JMAC Lending. Increasing lending and servicing capacity – regardless of mortgage rates. Business process outsourcing and digital transformation are proven solutions that more mortgage companies are adopting. Presented by: Sutherland.

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Mortgage Lending Technology Loan Officers 448

Housing Wire

SEPTEMBER 8, 2021

The CRA rule, enacted in 1977, mandates that banks help meet the credit needs of communities in which they do business, specifically in low- and moderate-income neighborhoods. The issuance of the OCC’s NPR today is an important step toward strengthening and modernizing the CRA,” said Acting Comptroller Michael J.

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Housing Wire

SEPTEMBER 30, 2020

Technology has made many aspects of day-to-day life more seamless than ever, with instant, easy and personalized consumer experiences; however, lending is still difficult. The Origence Mortgage Platform is an end-to-end lending platform that puts the power of modern technology in lenders’ hands, enabling them to close more loans, faster.

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Housing Wire

JULY 9, 2024

The CID was in conjunction with a probe “into business practices regarding residential sale-leaseback agreements which may constitute unfair or deceptive acts or practices.” The action in Massachusetts was followed up in February with Connecticut’s commissioner of consumer protection issuing a civil investigative demand (CID) into EasyKnock.

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Lending Law Investors Advertising 448

Housing Wire

DECEMBER 17, 2021

Banks are increasingly looking over their shoulders as they cope with regulatory changes, worry about fines and manage business risk, according to a survey by Wolters Kluwer Compliance Solutions. Fair lending laws and regulations have 60% of respondents very or somewhat concerned. 4 to Sept. It’s no mystery why.

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Housing Wire

DECEMBER 30, 2022

Chris Mozilo: While I’ve spent most of my 30-year career working at large firms, the most I ever learned in the mortgage business was the five years I worked at a small independent mortgage banker. At a small mortgage banker, leadership has to know all aspects of lending. must serve only to support the functions of the business.

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Architecture Design Lending Housing Market 435

Housing Wire

NOVEMBER 27, 2023

HousingWire recently spoke with David Bernard, senior managing director of Specialized Mortgage Services at Western Alliance Bank , Member FDIC, about warehouse lending and how the warehouse sector and mortgage finance have progressed and continue to evolve. DB: Warehouse lending has evolved beyond traditional boundaries.

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Lending Finance Clients Client Relationships 434

Appraisal Buzz

DECEMBER 9, 2024

Newfi Lending has launched a redesigned website that features a new calculator that aims to simplify the decision-making process for customers when researching their home equity options. The redesigned website offers a modern, mobile-friendly interface that makes browsing a seamless experience, the company says in a release.

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Housing Wire

DECEMBER 21, 2020

Modern real estate transactions require new infrastructure,” Nate Baker, chief executive officer and co-founder of Qualia, said in a statement. Just a few days ago, Walters Kluwer acquired eOriginal , a cloud-based digital lending software for $280 million. The price of the acquisition was not disclosed.

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Lending Real Estate Modernization Investors 482

Housing Wire

FEBRUARY 2, 2022

ConsumerDirect Mortgage rebranded itself to Real Genius and announced the launch of a modern mortgage application platform to simplify a borrower’s experience. Since 2016, we’ve helped more than 51,000 families with their mortgage needs, lending more than $15 billion,” said Thornton. Learn here! Presented by: Maxwell.

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Mortgage Technology Lending Modernization 370

Housing Wire

MARCH 9, 2021

2021 could still be a very good year for prepared businesses. How hybrid title and valuations help increase lending efficiency. I have, myself, owned and managed numerous title businesses through the decades. Admittedly, a title business is predisposed to slim margins to begin with. How your team manages the business.

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Housing Wire

AUGUST 27, 2024

This system provides FHA-approved lenders and business partners with secure online access to computer systems at the U.S. It covers structural repairs (such as foundations and new roofs), modernization of kitchens and bathrooms, and energy-efficiency and climate-resiliency projects. Department of Housing and Urban Development (HUD).

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Housing Wire

MARCH 28, 2025

Among other things, the revised rule sought to modernize the CRA by including mobile and online banking in assessments of products and services. It also would have reduced the number of product lines evaluated under a retail lending test to closed-end home loans, small-business loans and small farm loans.

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