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Called Ask Obi, the new AI assistant is designed to provide mortgage lending executives with instant, actionable insights from their Optimal Blue products and data. The new assistant will be available to Optimal Blue clients for beta testing later this month.
Mortgage and title clients are undergoing a significant transformation with the shift from Encompass Software Development Kit (SDK) to Encompass Partner Connect (EPC). GridBase is a proven leader in title and lending technology, offering a seamless, coding-free solution that simplifies migration while enhancing operational workflows.
HighTechLending , a California -based top-10 reverse mortgage lender, announced on Friday that it is rebranding its wholesale lending division to American Senior Lending Wholesale Division in an effort to better align its identity with key business lines designed to serve older borrowers.
The reverse mortgage division of Rate formerly known as Guaranteed Rate recently announced the hiring of reverse industry veteran Jesse Allen as the president for Rates reverse lending division as the company heads into 2025. Allen also offered some additional details on the approach he plans to take at the company.
Real estate technology firm Knock announced Thursday that its bridge loan product is being integrated into the borrower application process at Baltimore -based NFM Lending. The product is designed to make buyer offers more attractive to sellers by removing contingencies. ” NFM Lending is licensed in 49 states and Washington, D.C.
The complexities of Non-QM lending demand a strategic approach that combines innovation, efficiency, and resilience. Acra Lending has positioned itself at the forefront of this sector by investing in its workforce, optimizing processes, leveraging cutting-edge technology, and building a robust infrastructure. Craig Timmins.:
However, homeowners have a unique advantage with home equity products—designed to let residents tap into their home’s equity for cash. Jonathan Scarpati: I started with Senior Lending Network out of New York. Innovative lending models are driving more accessibility and efficiency in home equity financing options.
This process is designed to capture detailed property characteristics, floor plans, and high-quality photos. This enhancement in efficiency is driven by an intuitive system designed to simplify workflows for both appraisers and lenders.
. “The Loan Store’s decision to partner with Gateless highlights their commitment to creating a more efficient loan process and delivering an exceptional experience for their partners and their partner’s clients.”
Acra Lending, one of the largest independent non-QM specialty finance lenders, has added to its suite of mortgage loan programs with the launch of its Jumbo Prime mortgage solution. Acra designed the program as an extension to its suite of programs for purchase or refinance of higher valued properties.
Guild’s current reverse lending division, built off its 2023 acquisition of Cherry Creek Mortgage , has expanded its reverse mortgage activities this year. When asked during the earnings call about what the company sees in the home equity lending space, Schmidt said that the opportunities in reverse stand out. “We
Peter Sciandra, who serves as EVP of reverse lending secondary marketing at Fairway Independent Mortgage Corp. We’ll have those loans that come in where we have to look at every opportunity that we can to save that deal and help that client. But we’ve continued to work through those challenges.
Most lenders focus on offering traditional mortgage loans to clients, choosing to shy away from unconventional options in the market. Deephaven Mortgage a pioneer in non-QM lending offers loan products to serve borrowers who might not otherwise qualify for a traditional loan. However, those lenders arent seeing the big picture.
announced this week the appointment of Gabe Bodner to the head of its 55-plus lending division which includes its reverse mortgage business. I believe that the executive team at OneTrust has ultimately realized the importance of utilizing education with older clients, and specifically in the reverse mortgage space.
Appraisers must be able to communicate their findings clearly, persuasively, and effectively to the public, clients, attorneys, and other professionals. By listening to feedback from mentors, clients, colleagues, and other professionals, appraisers can identify areas for improvement and continue to develop their skills over time.
The lending industry is notorious for its poor customer retention – in fact, only 1 in 5 borrowers return to their original lender for a subsequent loan. Our clients retain as high as 65% or more of their past customers. The result is that for every $1 our clients pay us, we return $20 of profit to them,” says Kutsishin.
Non-QM Prime is designed to offer “flexible documentation” to borrowers with strong credit profiles. The company designed the platform to help lenders process complex loans with efficiency. This form of lending is growing in popularity, and lenders seem to be catching on.
These issues, and others, have made non-QM a go-to solution for originators to close loans for their clients. Here is where it gets murky – choosing the right non-QM lending partner! Having this removed from your plate frees up time to focus on prospecting or servicing other clients. Almost weekly?
So he did what a lot of retail loan officers in the industry were doing — Mike would reclassify a self-generated lead as a corporate-generated lead, thus slashing his compensation from 125 basis points down to as low as 50 bps, giving him a low enough rate to win the client and eventually close the deal. The lower comp rate stung.
Rocket Companies has unified its real estate search platform with its mortgage lending platform to create a single resource where home buyers can search and purchase homes, making the process swifter and more efficient. The platform combines Rocket Mortgages award-winning service with Rocket Homes search and deep property insights.
Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, announced on Wednesday a new partnership with WFG National Title Insurance Company (WFG) to provide the company and its customers with eClosing technology solutions.
The company aims to make the product a “one-stop analysis solution for mortgage lending financial institutions,“ it said in its announcements. AutomatIQ Borrower is designed to provide greater integrity and reliability in the loan calculation process, which CoreLogic describes as a historically “labor-intensive and error-prone task.“
Prospective borrowers with strong credit are locking in mortgages this week at the lowest rates in more than a year, loan officers and lending executives told HousingWire on Friday. ” For refi clients, he’s preaching patience. Patel is in conversation with existing clients who can save between 50 to 75 basis points.
Wholesale lending is great for helping serve underserved borrowers. The wholesale channel has the ability to offer borrowers a variety of choices, with access to many different bank and lending programs. As a CDFI (Community Development Financial Institution) — a designation given by the U.S.
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.
From tweaks in consumer protection laws to new lending standards and disclosure requirements, the goal is always to foster a clearer and fairer lending process. For example, ongoing updates to the Qualifying Mortgage Rule, which has been rewritten twice and may see another revision soon, have significantly shaped lending practices.
The platform offers a new broker scoring system designed for better account management and a tagging system to improve email marketing campaigns. Having used OptifiNow before, I can confidently say it’s the most efficient CRM system for TPO lending,” Shea Pallante, chief lending officer at OptifiNow, said in a statement.
As they put it, “We give our clients a complete ecosystem of proven tech, data, and analytics that supports the whole real estate and housing finance journey.” ICE’s sees this suite of products making a big difference for its clients. This proactive approach helps clients avoid costly mistakes and audits.
Digital lending solutions provider DocMagic announced this week that it has added ADA-compliant mortgage loan documents to its document library. Much of modern lending technology is designed to give consumers the convenience to access loan documents in the ways that work best for them.
Especially in uncertain times and market volatility, having the knowledge that I get from HW+ helps me communicate effectively with my team and my clients. At a small mortgage banker, leadership has to know all aspects of lending. Chris Mozilo: If I didn’t go into mortgage lending, I would have likely become an architect.
The Blueprint Builder features more than 60 third-party integrations, allowing lending teams to connect with other pieces of their workflow, from credit and verifications to pricing and disclosures. With the deal, Maxwell expanded its secondary market platform to add more than 180 clients.
Both Droge and Olmos come to University Bank from Open Mortgage , which shuttered its own top 10 reverse mortgage lending division late last year. Certifications, reverse posture Haviland and Droge have certified reverse mortgage professional (CRMP) designations from the National Reverse Mortgage Lenders Association (NRMLA).
Stavvy , a fintech firm specializing in digital and remote collaboration for lending and real estate companies, acquired SigniaDocuments, a technology suite from Texas-based lender Evolve Mortgage Services. Founded in 2018, Stavvy works to increase efficiency and transparency in real estate and mortgage lending.
The adoption of digital lending solutions has been increasing over the last few years, with the COVID-19 pandemic only accelerating the process. Lenders with the ability to adopt technology that drives efficiency and client satisfaction have a competitive advantage in today’s landscape. How it began. Digital adoption made easy.
California -based HighTechLending , a top-10 lender in the reverse mortgage industry, recently announced that it was rebranding its wholesale channel to American Senior Lending Wholesale Division in an effort to better align its identity with key business lines designed to serve older borrowers.
The addition of Johnson represents yet another change to the C-suite at Sprout, which halted non-QM lending last year when the coronavirus pandemic began and liquidity dried up. In the last six months, Sprout has unveiled a series of new products for it non-QM program , resumed correspondent lending.
Mortgage Cadence has recently launched their new platform offering the industry’s most complete, modern LOS that delivers cloud-based, automated loan origination capabilities designed to enable an exceptional user experience throughout the entire mortgage lending life cycle, across all channels and products.
(ICE) has released new enhancements to its Encompass digital mortgage lending platform designed to help lenders improve productivity and lower operational costs. The most recent Encompass update features expanded capabilities for mortgage originators to offer beneficial affordable lending solutions for their customers.
With proactive engagement and intuitive technologies , our customizable subservicing solutions are uniquely designed to eliminate common pain points for homeowners, such as unreliable service, confusing escrow changes, and lack of clear and timely information regarding their mortgage.”
The rule is designed to “protect the millions of workers who are saving for retirement diligently and rely on advice from trusted professionals on how to invest their savings,” DOL said in its announcement. Retirement investors are best protected by a uniform and protective framework.”
Candor is executing a change in strategy to address the ever-changing mortgage market and to pivot along with client operations,” Tom Showalter, CEO of Candor , said in an e-mailed response. Future development projects will follow this collaborative approach with our clients and strategic partners. Candor Technology Inc. ,
The product is designed specifically for homeowners who require in-hand leases to qualify for mortgages on new home purchases. Knox Upside, which distributes rental income to the investment property owner when a resident pays rent and enables owners to access their equity through Knox’s proprietary lending platform. .
Keosha Burns is a seasoned marketing executive who has recently taken on a new role at JPMorgan Chase: executive director, senior advisor, community and affordable lending. Previously, Burns was vice president of public relations at Chase Home Lending, where she led the company’s PR, media and influencer strategy. Not a member?
Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.
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