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HUD translates 19 mortgage documents into five languages to broaden accessibility

Housing Wire

Department of Housing and Urban Development (HUD) on Wednesday announced that it has released five new language translations for 19 separate single-family mortgage documents used for Federal Housing Administration (FHA)-insured mortgage servicing. A full list of the newly translated documents is available on HUD’s website.

Mortgage 448
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DocMagic adds ADA-compliant loan documents to its library

Housing Wire

Digital lending solutions provider DocMagic announced this week that it has added ADA-compliant mortgage loan documents to its document library. The new digital documents are accessible to visually impaired users and others with disabilities, unlocking opportunities for these consumers into the broader mortgage market.

Design 396
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Dominion Financial creates AI assistants for real estate investors, mortgage brokers

Housing Wire

It’s technology designed to feel human.” It is able to explain loan programs and walk potential borrowers through documentation and eligibility requirements on a 24/7 basis. “Real estate investors operate in a fast-moving environment. “Donna marks the beginning of a new era in innovation for Dominion.

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NRMLA, MBA provide comments on HECM application, origination documents

Housing Wire

In particular, HUD Form 92900–C is designed to “collect loan-level data that is needed for insuring purposes and not found on Fannie Mae form 1003,” according to the original announcement. Following an announcement that the U.S. HUD also plans to replace its use of some internal forms, including one used in conjunction with U.S.

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Florida has built 77,000 new homes in high-risk flood areas

Housing Wire

A real estate agent overseeing the listings told the Journal that the properties suffered no major damage from recent storms, while the property developer told the outlet that “the homes have a concrete structure and conform to Florida’s design code.” The acceleration of extreme weather events has only made things worse.

Insurance 497
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Real launches three new products during its agent conference

Housing Wire

It automatically scans documents for errors before they are submitted to the broker. The final product Real unveiled at RISE is Real Wallet , a financial platform designed to help agents control and manage their finances. Leo CoPilot can help agents generate automated marketing materials by leveraging data from an MLS.

Agents 435
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Florida-based LO accused of falsifying documents

Housing Wire

She allegedly created phony prepaid debit card statements designed to serve as records of the borrowers withdrawing the monthly child support payments. The DOJ contends the loan officer would then submit loan applications with the phony supporting documents to her company’s underwriting department.