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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.
Mortgage technology solutions provider CoreLogic on Tuesday announced that its AutomatIQ Borrower tool is expanding to include asset and liabilities analysis capabilities. The company aims to make the product a “one-stop analysis solution for mortgage lending financial institutions,“ it said in its announcements.
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. The report also introduces a solution with IDIQ’s newly launched credit-building tool, CreditBuilderIQ®, based on the feedback provided.
Nationwide private lender RCN Capital on Tuesday announced the acquisition of BLN Software , which offers a loan origination system and loan management system for the private mortgage lending industry. “Together, we will drive greater success for our clients and transform the future of real estate lending.”
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.
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.
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. “With so many of our lending officers turning to the Knock Bridge Loan as a financing solution, this integration will streamline the approval process.
Freddie Mac is rolling out a free tool for lenders, DPA One, that matches borrowers with down payment assistance programs across the country. The new tool allows lenders and housing counselors to enter client eligibility parameters, download results and compare up to three programs side by side to make quicker lending decisions.
Tim Nelson, a longtime reverse mortgage industry professional and reverse department manager at VIP Mortgage in Scottsdale, Arizona , spent 20 years in the home lending arena before shifting his focus entirely to reverse. From the first day I entered the reverse mortgage space, I’ve always viewed it as a financial planning tool ,” he said.
As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. This interactive tool gives customers the ability to review information about their loans and easily perform tasks, such as making loan payments.
Martin, Firth Third’s group head of mortgage warehouse finance, along with a team of warehouse lending professionals, will be based in Dallas. We’re bringing the resources of Fifth Third’s commercial bank to the mortgage industry to help our clients achieve their long-term strategic objectives,” Martin said.
Jonathan Scarpati: I started with Senior Lending Network out of New York. HW: Can you talk a bit about how equity can be a proactive financing tool? Promoting home equity as a proactive financial strategy for retirement planning and significant life events helps clients plan beyond needs and emergency use. Click Here
With nearly 10 years of lending experience, he is committed to delivering exceptional service whether working with first-time homebuyers or seasoned homeowners looking to refinance. Panasis previously served as a loan originator for The Mortgage Firm and TD Bank.
If we learned anything from HousingWire’s recent AI Summit , artificial intelligence (AI) is rapidly reshaping lending by streamlining processes, reducing costs, and enhancing the overall borrower experience. In addition, the regulatory environment is ever-changing and with it comes increased burdens on the lending industry.
The rise of private lending Private lenders disrupted the monopoly of traditional banks and the private lending market has since seen a remarkable rise, reaching $1.5 With the rise of private lending comes an increase in competition, from new and traditional lenders.
Rocket Mortgage launched a new artificial intelligence (AI) tool on Tuesday that allows its client experience teams to analyze sentiment, record behavior patterns, transcribe conversations and create tailored experiences during customer interactions. The lender estimates it will save tens of thousands of hours annually.
With the recent downturn in volume of new originations, many lenders are using this time to take inventory of the available tools geared toward risk mitigation and workflow optimization. We have also seen large multi-channel lenders reducing their risk footprint in wholesale and correspondent lending.
The artificial intelligence-based platform, the latest addition to the Gateless AI mortgage tool suite, aims to enhance The Loan Store’s underwriting capabilities. The Loan Store — a wholesale lender based in Arizona — will now use the Gateless Smart Underwrite platform, according to a recent announcement.
Most lenders focus on offering traditional mortgage loans to clients, choosing to shy away from unconventional options in the market. Its the perfect tool for lenders looking to help more borrowers and one company is positioned to help you harness it. However, those lenders arent seeing the big picture. Fortunately, theres a solution.
Additionally, specialized tools enable appraisers to submit their findings directly from the field using mobile devices. This efficiency translates to cost savings and improved operational workflows for lending institutions. Better risk management : Accurate and reliable appraisals are crucial for effective risk management in lending.
As one of the largest correspondent investors in the country, AmeriHome is focused on being a consistent, reliable partner to its clients. In the COVID-19 era, that means AmeriHome has spent even more time listening to what clients need and adapting their products and services to help clients navigate constantly changing lending conditions.
Blue Sage: Digital Lending Platform Our Digital Lending Platform is a multi-channel, end-to-end digital mortgage solution that provides a superior experience for lenders and customers. 3 Simple and easy to use configuration change management tools enabling clients to quickly add, update, and modify the overall behavior of the platform.
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.
CAPE Analytics has unveiled a new, AI-powered , automated property condition report (aPCR) tool crafted for institutional lenders, whole loan investors, and real estate investors. The tool can be paired up with other types of valuation metrics. The real competition for us is the status quo,” added Begley.
This requires the appraiser to understand data science and its inherent analytical techniques, as well as the ability to use advanced tools and software to identify trends and patterns. Another important skill in the appraisers tool kit should be communication, both written and oral.
Andy Crisenbery : COVID-19 has had a profound effect on almost all business lines in the real estate and lending markets. HW: Where are you finding opportunity to meet client needs and grow relationships? HW: Where would you advise clients focus their technology resources as we prepare for 2021?
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. Without the right tools to beat these odds, lenders have had little choice but to pour dollars and resources into new customer acquisition instead.
At UWM we focus on our client service, operational efficiency and speed to close loans. Blink+ is a white-label, borrower-facing digital application tool. UWM’s technology and resources are driven by the needs of the broker community and are aimed at making the lending process faster, easier and cheaper for borrowers.
This is why it’s critical to have the tools and processes in place to nimbly react to and capitalize on market shifts as they happen. While retaining existing customers should remain a key priority, as interest rates fluctuate, lenders should be prepared to support an increase in new business for refinances, purchases and home equity lending.
Miami-based fintech provider LoanPASS integrated Uplist ’s suite of home-shopping tools into its pricing engine, the company announced in November. The partnership will boost loan officers ’ capacity to deliver personalized, efficient and tech-powered solutions directly to their clients and agents.
Their overarching goal is to help grow happiness — for customers, for clients and for their staff. People take pride in their work when they believe that their leaders are invested in them as people — not just as tools to help them reap short-term rewards. Maintaining a healthy culture has long been central to TMS’s mission.
San Antonio, Texas-headquartered USAA eliminated 130 positions in the real estate lending group amid projections that the mortgage industry will shrink in 2023. In August, the bank issued pink slips to an undisclosed number of employees in human resources, client advising, information technology, according to the outlet.
“This was just our decision to move deeper into [ICE’s] newest set of integration tools…and the reason we decided to go down the path and invest the time and the resources is that this latest integration provides an even more seamless transition to digital tag documents,” Ligris explained. ”
Buyers, on the other hand, view earnouts as a risk mitigation tool to avoid paying too much, particularly if there is uncertainty regarding future performance of the business. Earnouts are contingent payments based on Buyer achieving future financial targets that may never happen. Freedman is a shareholder at Maddin Hauser.
Freddie Mac’s study is based on financial information from 203 lending institutions. In partnership with Ipsos Public Affairs , the enterprise also conducted 13 virtual interviews with representatives at lending institutions, as well as an online survey with 500 loan officers, originators and underwriters in November and December 2023.
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 C2 has the support and allows more options for my clients.
“With advanced technology , a broad product lineup, and a commitment to broker success, Cardinal Financial Wholesale provides the tools brokers need to excel.” This form of lending is growing in popularity, and lenders seem to be catching on. But they can be more expensive due to higher mortgage rates and monthly payments.
CoreLogic will manage real estate tax processing operations services for Wells Fargo Home Lending customers and oversee tax customer service via its Digital Tax Portal in order to drive payment accuracy, CoreLogic said in a news release. mortgages are serviced by CoreLogic tax solutions, the company’s website shows.
With the acquisition , Consolidated Analytics expands its valuation solutions, offering clientstools — from data and analytics to appraisals — to predict market value and access a more comprehensive selection of collateral assessment products, the company said.
Michael Gevurtz, CEO and Founder, Bluebird Lending This article originally appeared in the February 2025 edition of MortgagePoint magazine, online now. Q: What tools do you feel someone in the mortgage finance space needs today in order to survive and thrive in todays marketplace? The housing market will normalize despite politics.
In a high(er) rate environment, non-QM (non-qualified mortgage) lending continues to play an increasingly pivotal role. To explore how Acra Lending has adapted to these shifts, we sat down with Ryan Barrus, a key player in the company’s non-QM division. HW: Acra Lending recently launched its Glide portal. RB: Absolutely.
Digital closing provider Snapdocs has automated its digital closing revenue management system to help the firm create a faster and more transparent process for clients. The collaboration in May was aimed at enabling warehouse lenders to seamlessly and securely manage eNote transactions within their warehouse lending system of record.
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.
At HousingWire’s 2021 Annual Spring Summit, CreditXpert VP of Sales and Client Success Matt Hydrew and T odd Worthington , director of qualification support at Bank of England, discussed top-of-the-funnel strategies lenders can use to help borrowers gain a better understanding of their credit score. That’s not a good experience,” Hydrew said.
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