Housing Wire

FEBRUARY 20, 2024

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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Housing Wire

MAY 13, 2024

Traditional lending practices have overlooked Black and Latino communities, as well as low to moderate-income areas,” Camilo Escalante, executive director of diverse segments at Guaranteed Rate, said in a statement. “The Launched in 2023, the program aims to improve funded loan volumes in underserved communities nationwide.

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Housing Wire

MARCH 23, 2023

HUD also announced this week that it had awarded $54 million in grants across 42 states designed to curb appraisal bias.

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Appraisal Valuation Reconsideration of Value Training 353

Housing Wire

SEPTEMBER 27, 2021

Arming your origination team with the right technology and training to manage consistency, compliance and brand recognition on social media is worth the investment – not to mention the peace of mind. Training Loan Officers on Compliance Issues. Ongoing Training and Monitoring. Discussing Privacy Concerns.

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Housing Wire

MARCH 10, 2023

For the new value acceptance plus property data option, third parties are authorized to do that collection at the property site, as long as lenders verify that they have a background check, have been “professionally trained” and are competent to do that collection.

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Valuation Inspection Training Appraisal 397

Housing Wire

NOVEMBER 17, 2022

In his new role, Quintans will oversee the digital marketing strategy to advance Waterstone Mortgage’s online presence through social media campaigns and content creation, in collaboration with graphic designers and communications specialists. Quintans’ professional career spans more than two decades in mortgage lending.

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Housing Wire

DECEMBER 13, 2021

Serving some of the top organizations in the real estate and lending space is a privilege,” said Jason Mitchell, president of JMG. The JMG model was designed to bring more accountability in serving other business and their clients. Our goal is not to simply be a distribution warehouse. A great partner has the control.

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Housing Wire

JULY 3, 2024

Like any powerful tool, it is essential to install proper fundamentals such as training, testing, accountability and continuous improvement before implementing. The machine learning model can be supervised, the data used for training can be governed, and results can be tested and even explainable given the appropriate design.

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Training Tools Lending Valuation 359

Housing Wire

FEBRUARY 21, 2024

In 2021, Gigliotti created Axis 360 Lift , an online academy designed to educate aspiring mortgage and title professionals. Axis has lending and title academies, with an origination academy set to launch in the spring of 2024. The initial 30 days establish a foundational understanding of mortgage lending concepts.

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Housing Wire

FEBRUARY 1, 2024

As a refresher, “redlining” means that no matter the features or amenities that a home provides, if the home is in a neighborhood with Black residents (homeowners or renters), traditional (and more affordable) lending and insurance would be denied — although a few sub-prime options tend to circle these communities like sharks. As Coleman A.

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Housing Wire

OCTOBER 27, 2024

Complex systems may require extensive training and adjustment periods. The human touch remains critical in mortgage lending. Underestimating Training Needs : Insufficient training can lead to underutilization of new systems. Support, training, and clear communication can ease transitions and enhance acceptance.

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Technology Mortgage Training Development 379

Housing Wire

MAY 25, 2022

There is also the matter of efficiency versus increased lending cost. With so many different types of borrowers beginning to look towards non-QM for their lending needs, LOs and brokers are wise to incorporate a diverse set of loan options. With non-QM in a current transition state, forecasting future demand levels can be tricky.

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Appraisal Buzz

APRIL 15, 2024

The original forms were designed before the digital age, to be completed on typewriters. Appraisal software companies have innovated the process of “filling out “these forms, but they are still constrained with the original typewriter design. These forms became fixed in the mortgage industry and have remained the standard for decades.

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Housing Wire

AUGUST 31, 2023

Last year, Freddie Mac launched another solution that allows a trained property data collector to visit the home and gather images, measurements and property characteristics. A trained and vetted third party can perform the data collection. More recently, Fannie Mae launched a similar solution. What is property data collection?

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Housing Wire

JUNE 20, 2024

The GSEs have invested millions building and promoting initiatives designed to encourage the digitization of mortgage data and processes, yet their utilization is underwhelming. Inertia within lending institutions poses a formidable barrier. Drastic times call for drastic measures. Reward good behavior at the individual level.

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Technology Loan Officers Tools Investing 362

Appraisal Buzz

OCTOBER 14, 2024

As all lenders have “skin in the game” on every loan, rigorous quality control across the lending lifecycle is imperative. Meanwhile, incomplete or inaccurate information can lead to faulty lending decisions that put lenders and their AMCs at risk.

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Valuation Technology Renovations Appraisal 368

Housing Wire

SEPTEMBER 13, 2023

It makes accessible information that used to be hard to obtain, such as the condition of the backyard, the proximity of a property to a loud road, train tracks, or a body of water as well as the occupancy status of a property. The solution renders an array of nationwide property information available in one PDF report.

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Housing Wire

DECEMBER 4, 2024

Their statement is designed to highlight “examples of risk management and other practices that can be effective in identifying, preventing, and responding to elder financial exploitation.” These include effective governance and oversight, as well as employee training, to allow for quicker spotting of a potential instance of EFE.

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Housing Wire

MAY 2, 2024

These critical needs are the fundamentals of retirement planning, and “Peak 65” demographics will largely reshape housing, real estate and lending for decades to come. We need inspired home-building that includes universal design. To understand your boomer customer is to know what they fear most.

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Realtors Training Real Estate Design 390

Housing Wire

FEBRUARY 10, 2022

Tricky situations can arise in mortgage lending, especially when navigating less-common products or originating non-agency loans. “They’re doing the same exact training every single year, ” he said. We would welcome the opportunity to approve courses with a creative take on how they design and develop content.”.

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Loan Officers Law Training Lending 358

Appraisal Buzz

JULY 18, 2022

ProxyPics partnered with technology innovators CubiCasa, a global Floor Plan provider, and FoxyAI, B2B PropTech leader in real estate visualization and property intelligence, to equip their trained data collectors, or Proxies, with powerful tools to complete the Property Data Report. About ProxyPics.

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Housing Wire

JULY 29, 2024

At FHFA’s first-ever tech sprint last year , the focus was on the front end of mortgage lending and increasing tech adoption. AI is learning all the time, which means it has to be fed and trained on accurate, up-to-date data. Best use cases are larger multifamily operators as it needs lots of training data to accomplish.

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Housing Wire

MAY 18, 2022

And I think it’s important for lenders to frame the product that way with borrowers – as a proactive tool designed specifically for older homeowners and one that can help them retire with more financial freedom and peace of mind. CW : At Reverse Mortgage Funding , education has always been a number-one priority.

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Appraisal Buzz

APRIL 23, 2024

He spent over a decade in various executive and managerial positions, where he led a highly successful team that included analytics, risk management, training, communications and vendor management while managing two of the top five lending institutions and the firm’s GSE relationships.

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Housing Wire

JULY 31, 2022

Solex Orders is a solution designed for non-Docutech lenders to reap the benefits of eClosings without having to change document providers. Using Solex Orders makes the Solex eClose solution available on any closing documents. Documents are also generated in seconds and do not have a delay when creating the eClose sessions.

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Technology Clients Agents Training 320

Housing Wire

MARCH 23, 2022

The program is available to a wide range of homeowners, with lending limits as high as $4 million*. For lenders unfamiliar with reverse mortgage products, RMF makes it easy to get into the business with its technology platform, training, marketing assistance and industry-leading support.

Mortgage 366

Mortgage Clients Business Training 366

Housing Wire

MARCH 24, 2021

.” The two executives also traded statements about Ishbia’s original claim that Fairway was poaching LOs from brokers in an “underhanded manner,” the primary reason they were included in the ultimatum with Rocket (whom Ishbia said was training real estate agents to originate loans and cutting brokers out).

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Real Estate Agent Retail Real Estate Design 392

Housing Wire

FEBRUARY 5, 2021

He and his team have trained over 1 million lending professionals and worked with over 600 financial organizations and their operations teams in improving customer experience, streamlining processes and strengthening company culture. Vermillion is a trainer, speaker, consultant, author, consumer advocate, and philanthropist.

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Housing Wire

JULY 28, 2022

In light of this, HousingWire recently caught up with Teraverde Chief Technology & Innovation Officer Rob Peterson to learn more about the key to lender profitability in today’s lending environment. In the overall process of residential lending, our industry has not used automation. Nothing could be further from the truth.

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Technology Business Lending Training 339

Appraisal Buzz

JUNE 24, 2024

Based in Timonium, Maryland, Dalgarno will focus on growing Embrace’s new construction home lending business throughout the East Coast by forming partnerships with homebuilders and recruiting loan officers who specialize in new home construction. Dalgarno expects to hire 15 to 20 new loan officers over the next year.

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Housing Wire

OCTOBER 20, 2023

Design a photo with the testimonial included, then use the caption to express gratitude for the review. Sharing your success lends to your credibility as an agent. Share design inspiration In addition to cool homes, people on social media really enjoy beautiful interior design.

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Housing Wire

OCTOBER 7, 2020

“The market remains underserved in the sense that the mortgage lending market has changed so quickly that everyone is still trying to keep up,” Stone said. The pandemic further validated the essential rightness of WFG’s design. Now, at WFG’s 10-year anniversary, this vision holds even more relevance.

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Real Estate Insurance Technology Loan Officers 367

Housing Wire

JUNE 12, 2024

The program was designed to help military service members successfully transition to civilian status by becoming homeowners and building the wealth they missed out on during the war. This ranked ahead of education and training (85%), insurance (83%) and health care (73%). Department of Veterans Affairs (VA) has contributed $3.9

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Housing Wire

SEPTEMBER 25, 2024

The data includes employees at parent companies and subsidiaries, in mortgage lending, servicing and other activities.) UWM, however, brings in people with no prior mortgage experience and provides extensive in-house training, according to chief strategy officer Alex Elezaj. We’ve been hiring, training and developing our people.

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Mortgage Loan Officers Retail Training 403

Housing Wire

APRIL 7, 2022

In addition to complying with state laws, you must make a plan on how to train and certify staff and comply with the rules and expectations set by your underwriting and lending partners. Designate a subject matter expert on all things RON. How should you prepare for RON? How should you prepare internally?

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Law Technology Insurance Real Estate 348

Housing Wire

APRIL 27, 2021

In many of those reviewed, there is a strong desire to keep appraisals and appraisers as key components of the mortgage lending process. Because Freddie and Fannie are such a large share of the market, their appraisal guidelines—forms and methods—become the de facto industry standards for residential mortgage lending.

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Appraiserblogs

JANUARY 31, 2024

Appraisers, to see more about the upcoming new UAD currently in design, read the Updated Timeline link in the message below. My concern at this point is ‘training’ materials will be available in Q4 2024, but actual implementation of the ‘new reporting process’ won’t begin until Q3 2025 with limited production, into 2026.

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