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FHA proposal would modernize communications with defaulted borrowers

Housing Wire

The Federal Housing Administration (FHA) on Wednesday published a new proposed Mortgagee Letter (ML) that offers an early look at policies designed to expand contact options with mortgage borrowers who are in default. Published on FHA’s Single Family Drafting Table — an online portal where proposed U.S. FHA requests feedback by Sept.

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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.

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Clear Capital’s Kenon Chen on appraisal modernization

Housing Wire

Editor in Chief Sarah Wheeler sat down with Kenon Chen, executive vice president of strategy and growth at Clear Capital , to talk about appraisal modernization and how technology is just part of the solution. KC: Many lenders’ loan origination systems are really just providing a document repository and maybe some screens.

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In the race to modernize title, firms double down on software

Housing Wire

Qualia currently offers a wide array of different software and platform options, but central to all of them is the ability to share and send the necessary documents in a secure fashion. It is hard to say, ‘You filled out all this paperwork digitally, but by the way you need to come into the office and sign these additional documents.’

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Sagent’s Dara: Advancing mortgage loss mitigation

Housing Wire

To help overcome these obstacles, Sagent has created its Dara Loss Mitigation platform as a solution that modernizes how homeowners and mortgage servicers address financial hardship. The platform’s intelligent design is showcased by its ability to pre-populate borrower data, substantially reducing application completion time.

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Encompass by ICE Mortgage Technology: A flexible end-to-end origination solution

Housing Wire

Encompass by ICE Mortgage Technology aims to provide a flexible end-to-end solution for lenders in a modern market. Encompass has also upgraded its document management capabilities. It’s a flexible, highly configurable, end-to-end platform designed to help lenders juggle the complexities of today’s mortgage market.

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Senators reintroduce bill to allow remote online notarizations

Housing Wire

Our bill would bring this process into the 21st century, allowing people to securely complete notarized documents remotely, just as they do with many other important forms,” Cramer said. billion notarizations are completed every year, including powers of attorney, beneficiary designations, real estate transactions and mortgages.