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

Housing Wire

Finance of America (FOA), the leading reverse mortgage lender, presented a robust outlook last week in its third-quarter 2024 earnings and is aiming to hit the ground running with business in 2025. New ad agency, HomeSafe Second performance Sieffert also revealed that the company has enlisted the services of a new advertising agency partner.

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FOA’s Kristen Sieffert talks about growing the business in 2025

Housing Wire

Growth in 2025 will come from additional optimization of business channels, she explained, and a focus on areas with significant upside opportunities. These milestones, combined with successful execution of our remaining operational initiatives, positioned us to close 2024 with our largest production month since 2022.

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RESPA Section 8 reforms and modernizations are sorely needed, MBA says

Housing Wire

The Mortgage Bankers Association (MBA) on Thursday released a new white paper , which argues that Section 8 of the Real Estate Settlement Procedures Act (RESPA) is in need of reform and modernization to better reflect “today’s highly-regulated mortgage market.” It was originally overseen by the U.S.

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ClearValue teams with Restb.ai to bring computer vision to appraisal process

Housing Wire

The real estate industry is racing to find ways that artificial intelligence (AI) can improve business practices. By integrating Restb.ai’s technology into Certainty, we are taking a leap forward in appraisal modernization. has been busy on the partnership front. ClearValue Consulting thinks it’s found a way.

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ICE Mortgage Technology: An all-in-one solution for the modern mortgage market

Housing Wire

By doing so, ICE helps its clients cut down on mistakes, speed up workflows, and offer a modern lending experience that works better for both borrowers and industry professionals. Room to grow : Being cloud-based means the platform can expand as businesses do, without slowing down.

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Clear Capital launches UDC to support appraisal modernization

Housing Wire

Real estate valuation technology provider Clear Capital on Thursday launched Universal Data Collection (UDC), a product designed to support appraisal modernization. UDC will also support Freddie Mac’s ACE+ PDR solution for lenders to scale their business.

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The opportunity cost of modern-day redlining

Housing Wire

Modern-day redlining persists, and it’s costing lenders millions in legal fees. The cost of lost business opportunity is even higher. By shifting to a modern mindset and making diversity central to all lending initiatives, lenders can build strategies that are inherently anti-redlining. More recently, Patriot Bank paid $1.9