Housing Wire

OCTOBER 15, 2021

Home lending proptech Roostify is releasing the “first of many” APIs on its existing lending platform built to automate document validation and data extraction in the lending process. Even in its relatively early stages of training the AI models, it is already turning out FI scores between 0.83

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Housing Wire

DECEMBER 10, 2024

announced this week the appointment of Gabe Bodner to the head of its 55-plus lending division which includes its reverse mortgage business. James Hecht, the companys CEO , said, We are confident that Gabes leadership will bring fresh energy and innovative strategies to our 55-plus lending division.

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Housing Wire

AUGUST 8, 2022

HousingWire recently spoke with John Jeanmonod, Regional Vice President of Sales at Angel Oak, about non-QM lending and the outlook for the second half of 2022. We have trained originators on non-QM while they closed their first non-QM loan. JJ: As I have mentioned, our training that we offer could be very beneficial.

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Housing Wire

JUNE 28, 2024

There are other things that humans still need to do, but the more that companies can make those tasks “lower skill” and easier to train around, the more scalable and nimble the organization can be as the market changes. It is very easy to add steps to a process, and overwhelmingly difficult to subtract them.

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Housing Wire

AUGUST 31, 2020

The third type of automation included in Indecomm’s continuum is supervised automation, which involves human oversight for the ongoing training of machine learning algorithms and engines and exception processing to handle fall-outs from any automation effort. That is where supervised automation comes in.”. State of Mortgage Automation.

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Housing Wire

SEPTEMBER 29, 2020

Right now, while things are good, invest in cross-training your staff. But brand recognition doesn’t develop overnight. Be proactive now about balancing your lending diet, equipping your staff to handle a range of responsibilities and solidifying your brand’s presence in the marketplace. Tip #3: Start marketing now.

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Housing Wire

APRIL 25, 2024

The aim is to leverage the pair’s experience in content, training and digital production to make required NMLS training more fun, Knottingham said. But I’ve never had as much fun as I do when developing these courses.

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Housing Wire

MARCH 31, 2022

The new Federal Valuation Agency would be responsible for developing real estate valuation standards and appraiser criteria, a function the Appraisal Foundation currently performs. The draft bill also proposed an “Office of Fair Lending” within the new valuations agency, which would report to the head of the agency.

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Appraisal Valuation Training Government 448

Housing Wire

JANUARY 13, 2023

In addition, he will work with other teams to lead cross training and improve communication with both internal and external customers. Garcia’s professional career spans more than two decades in the mortgage lending industry, with more than five years at Waterstone Mortgage.

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Housing Wire

OCTOBER 22, 2020

The analysis may expose training needs for respective production teams. Doing this now will help lending teams establish a game plan to increase the skills of any refinance-focused LOs, as well as their managers. But training and trainers must have content. Run a spreadsheet by LO, branch and region.

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Housing Wire

JUNE 2, 2022

The agreement resolves a complaint the NCRC filed in October 2021 with the Department of Housing and Urban Development. ” NCRC had previously provided training to Movement Mortgage, at the lender’s request, in 2019. Movement mortgage employees will complete additional fair lending training as part of the agreement with HUD.

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Housing Wire

SEPTEMBER 16, 2022

Looking for a quick and easy way to stay up-to-date on mortgage lending news, trends and technology? This podcast not only includes episodes geared specifically toward mortgage professionals, but also features content on personal finance, career advice, sales training, business mentorship and more. Mortgage Lending Mastery.

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Housing Wire

JANUARY 18, 2023

While launching an in-house mortgage lending operation has been a complex undertaking for many businesses, Lower says its new platform will allow partner companies to offer customers a full menu of home financing options and expand their lending footprint to more than 93% of the U.S. population. Lower originated $4.19

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Housing Wire

JUNE 10, 2022

Mortgage lender and servicer Planet Home Lending also named Kathryn Edelen as regional vice president of its sales division this week. Erickson will be in charge of product management, the procurement and advancement of technology solutions and will oversee the training department and support teams for Motto Mortgage and wemlo.

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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. Employee input and engagement are crucial during the development and implementation phases.

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Technology Mortgage Training Development 448

Housing Wire

SEPTEMBER 27, 2021

That’s why a growing number of lenders are investing time and resources into developing and implementing robust social media compliance policies. Don’t let poor training on acceptable social media practices prevent your company from realizing the full potential these digital channels have to offer. Discussing Privacy Concerns.

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Housing Wire

SEPTEMBER 2, 2020

Additionally, the company offers specialized training and licensing programs for people looking to enter the mortgage industry. While we continue to grow and expand our team to meet the needs of our customers, we remain committed to developing our team and providing them with the resources they need to succeed,” Bray said.

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Housing Wire

MARCH 23, 2023

Department of Housing and Urban Development (HUD) Secretary Marcia Fudge and White House Domestic Policy Advisor Ambassador Susan Rice, the PAVE task force revealed its action plan one year ago and claims that its efforts have amounted to “critical progress” in its efforts to make the homebuying process more equitable for people of color. “In

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Appraisal Valuation Reconsideration of Value Training 397

Housing Wire

DECEMBER 9, 2020

The settlement also orders Washington Federal to “develop and implement an effective compliance-management system to prevent future violations,” per the CFPB. Washington Federal reported HMDA data for over 7,000 mortgage applications in each of 2016 and 2017, many of which contained data error rates reaching nearly 40%.

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Housing Wire

JULY 18, 2023

As our financial system evolves, it is critical that we adapt our application of the Fair Housing Act and ECOA to deal with technological change and other developments,” Barr said in his speech. However, there is also the potential for these technologies to exacerbate existing issues related to lending equality, Barr explained.

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Technology Lending Advertising Training 370

Housing Wire

FEBRUARY 1, 2024

Yet as surrounding neighborhoods appreciated in value with increased amenities and services, rising costs pushed out the mostly Black, longtime residents — excluding them from the benefits of development.” That is anathema to the spirit of fair housing (and lending). Limited services means limited options, access and opportunities.

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Real Estate Appraisal Insurance Training 435

Housing Wire

JUNE 30, 2021

UWM has significantly invested in our technology team and tech stack, offering career-focused training and development which has contributed to growing this function to over 1,100 team members,” Chief Technology Officer Jason Bressler said. Mat Ishbia, President and CEO.

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Housing Wire

JUNE 5, 2023

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. HousingWire: What role has wholesale lending historically played in the mortgage ecosystem?

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Housing Wire

FEBRUARY 18, 2022

I’ve always been mechanically inclined and developed a love for cars at an early age, based on the four drag race cars my father owned. The creation of the PAVE Task Force and the imminent publication of its findings may very well create shockwaves in the entire lending arena. John Brenan: I would be a mechanical engineer.

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Housing Wire

JUNE 28, 2022

In addition to the momentum and the economics, digital lending just makes sense. They are willing to drive change across their operations and work with advisors, like Falcon, to develop a roadmap to integrate digitalization into policies, processes, and training.

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Housing Wire

MAY 2, 2022

Presented by: Acra Lending. Interfirst boasted of its ability to train people with no background in mortgage through a rigorous training course. In October 2021, a $175 million investment from principals at the private holding company StoicLane was used to grow operations and refine and develop new technologies.

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Human Resources Loan Officers Retail Training 397

Housing Wire

AUGUST 3, 2021

According to the Detroit-based company, it will be leveraging the same technology, data and client experience used in the mortgage, real estate and personal lending spaces “to help Americans make their home more energy efficient.”. PACE programs are also not regulated as heavily as other financial services, including mortgage lending.

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Housing Wire

AUGUST 21, 2020

Before he joined Home Point Financial, Hilzendeger was at Wells Fargo for 30 years, most recently with Wells Fargo Home Lending , where he led as head of Retail Operations, head of Servicing Operations, senior vice president of Default Services, and senior vice president of Real Estate Servicing. office’s Talent Development operations.

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Human Resources Advertising Retail Training 359

Housing Wire

AUGUST 7, 2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. The brokers were in agreement that recruiting talent and maintaining strong partnerships will be key to not only brand development, but a lasting foundation that will continue post-pandemic. “So

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Retail Mortgage Loan Officers Marketing 370

Housing Wire

MARCH 14, 2022

From my perch as the CEO of a digital lending platform, the past two years have witnessed a sea change in technology adoption. It’s also about preparing the lending enterprise for the coming generation of homebuyers. The path to digital lending. Mortgage lending is a very complex business. It did not always work so well.

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Housing Wire

MARCH 12, 2024

Department of Housing and Urban Development (HUD) are a few key priorities related to the Federal Housing Administration (FHA) and its Home Equity Conversion Mortgage (HECM) program. federal government. Within the congressional justifications for the U.S. HUD is requesting $2.5

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Housing Wire

SEPTEMBER 16, 2021

Kully previously worked at the Department of Housing and Urban Development as a senior attorney, in the legal division at Fannie Mae and as a partner at K&L Gates. Kris Kully: It was the six years I spent working as a new lawyer at the Department of Housing and Urban Development. doing really important work around the country.

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Finance Legal Training Development 397

Housing Wire

JUNE 20, 2024

Everyone in mortgage knows that fintech adoption remains stubbornly low, despite years of innovation and concerted efforts by software developers, trade associations, consumer-interest groups and the GSEs to spread the gospel of cost-saving technologies. Inertia within lending institutions poses a formidable barrier.

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Technology Loan Officers Tools Investing 447

Housing Wire

DECEMBER 14, 2021

In a blog post, Fannie Mae and Freddie Mac ’s regulator and conservator said it found examples of “overt references to race, ethnicity, and other prohibited bases under federal fair lending laws,” which FHFA said indicate the “continued presence of valuation bias.”.

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Appraisal Valuation Finance Training 459

Housing Wire

JUNE 6, 2022

Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022. Wells Fargo: at least 114 employees in home lending. The bank’s revenues in the home lending business totaled $1.5 loanDepot: Unknown.

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Housing Wire

MAY 5, 2021

All told, the Detroit lending powerhouse originated $103.6 “The combination of our technology platform and Rocket Cloud Force of highly trained professionals, continues to deliver scalability and a client experience that is unmatched,” CEO Jay Farner said in a statement Thursday. Rocket also reported net income of $2.77

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Mortgage Real Estate Agent Real Estate Clients 448

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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