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Despite the perception that the mortgage industry is lagging in terms of technology adoption, our survey found that lenders are increasingly using digital tools to better engage with borrowers; and it’s clear from this research that borrowers are embracing the improved automated, less manual experience,” said Maria Moskver , CEO of Cloudvirga.
The platform is intended for housing professionals in various sectors, including 5 million loanofficers, appraisers , servicers , underwriters , developers, agents, brokers, attorneys and regulators. Precision marketing tools add another layer of predictive control to CoreLogic’s arsenal. properties on one platform.
The company will replace its What-if Simulator and Wayfinder tools with the new platform on Dec. The new credit optimization platform will combine the best parts of the What-if Simulator and Wayfinder tools, giving mortgage professionals the power to reach more clients and close more loans.
Over the years, Ive observed a glaring issue that stifles the growth and success of many mortgagecompanies: promoting top-producing loanofficers into management roles without equipping them with the tools, training, or even determining whether they want to be leaders.
I’m going to start by making Rate the absolutely best place for every single loanofficer to work at figuring out ways in which we can develop them, give them all the skills, the coaching , the mentoring and the tools, so they can have an amazing business, but also better serve all their clients and all their partners.
.” The AI loan assistant, dubbed Betsy, was built through Tinman, the company’s proprietary loan origination platform, where information and facts on loan applications are stored. Better began partnering with big data firm Palantir in 2022 to develop the platform. is nearly $9,000.
Clear retirement tool When asked about his transition from industry professional to customer, Nelson said that it wasn’t too much of a stretch considering that he has always viewed a reverse mortgage as a tool to deploy in later life. Another advantage is that Nelson was very pleased with his own loanofficer for a unique reason. “I’m
Cloudvirga’s platform solves for both by creating the best experience for borrowers and loanofficers. Cloudvirga’s POS is an experience-driven platform that gives lenders access to the tools they need in an easy-to-use, responsive UI. It focuses on more than just task management and automation.
They’re a more forward-thinking broker, and there has been lots of activity with the HECM Tool, which is a software application that I developed. Hence the HECM Tool, which is a software application,“ he said. “So Tane Cabe “C2 is a good place for me to hang my license,” he said.
Vonder Haar was selected as a winner based on her crucial role in expanding the company’s offerings and developing its digital marketing to meet the needs of its loan originators and their real estate partners. Vonder Haar spoke to HousingWire about the strategies that set her apart in the competitive residential lending market.
Mortgage veteran Donny Panasis has joined Embrace Home Loans as branch manager of its Viera, Florida office, where he and his team will originate loans for both existing and new construction homes. Panasis previously served as a loan originator for The Mortgage Firm and TD Bank.
Mobility Market Intelligence (MMI), a data intelligence and market insight tool provider for the mortgage and real estate industries, has appointed Brian McKray as the director of product development. The platform offers granular insights into lenders, loanofficers, and real estate agents by region or individual transactions.
This includes upgrading technology to serve tech-savvy young buyers better, hiring additional staff, and developing a robust training program to prepare new employees for the increased volume of customers. However, developing a well-thought-out plan for scaling your staffing levels is crucial.
They also discuss fintech developments for loanofficers, recruitment and even the CPO’s favorite hamburger. Before a discussion point on loanofficers, Gillespie circles back and revisits Lower’s mission to guide consumers through homeownership.
Blink+ is a white-label, borrower-facing digital application tool. The no-cost solution allows brokers to submit applications, price out loans, eSign documents and helps make the experience smoother for borrowers and real estate agents. Jason Bressler, Chief Technology Officer.
Kortney Lane-Schafers has been promoted to vice president of growth and client advocacy at Mobility Market Intelligence (MMI), which offers data intelligence and market insight tools for the mortgage and real estate industries.
This is something Ogata is keen to develop further, he explained. Ryan Ogata “When I think about the reverse opportunity, I’m considering it in the context of the forward loanofficer,” Ogata said. “If Although it is a separate business in some sense, we don’t want loanofficers to think of it that way.
SW: How do you attract high quality loanofficers and other mortgage professionals? There wasn’t legacy architecture and we gave them a seat at the table to help us develop this best-in-class platform. We think that the loanofficer is as critical as they have ever been. It was a clean slate.
Configured to give independent mortgage banks, federally insured banks and credit unions the needed tools at an accessible price point, Floify Lender Edition aims to increase lender profitability through its automated processes and efficiency tools, the company said. Founded in 2013, Floify — a subsidiary of Porch Group Inc. —
LoanOfficer Freedom. Host Carl White, founder of The Mortgage Marketing Animals loanofficer coaching program, shares insights for loanofficers on how to close more while working less. LoanOfficer Leadership. 10 Loans a Month. 10 Loans a Month. The LoanOfficer Podcast.
Evaluating which tools in your current stack have the largest ROI and streamlining the use of them are key to ensuring loanofficers are working most efficiently. The best tools will allow lenders to be innovative in how they target prospects and engage with current customers. ???.
Exponentially increase your loanofficers’ origination potential without incurring additional expense? Examiners such as the CFPB and FDIC provide stringent oversight of digital activity, and mistakes can cost you and your loanofficers dearly. Sounds too good to be true, doesn’t it?
“Their feedback has led to the addition of crucial resources like new presentation materials, playbooks, and advanced tools.” This tool not only aids in personal financial education but also allows ambassadors to stay connected with new leads.
Tane Cabe Prior to joining Fairway in 2022 as the reverse division’s business development manager for the Home Equity Conversion Mortgage (HECM) for Purchase program, Cabe served as VP of 55places Mortgage and as a branch manager for Churchill Mortgage originating HECM and standard home loans. “I
In the latest episode of the Power House podcast, HousingWire CEO Clayton Collins sits down for a conversation with Uplist President Jeff Bell to explore coaching, loan monitoring, recapture strategies and more. Clayton Collins: Give us a glimpse into how you’ve developed as a leader in this industry.
Paul Anastos, CEO, Chief Innovation Officer Gateless, Guaranteed Rate. Paul Anastos has been on the forefront of innovation within the housing industry for over a decade, specializing in developing technology solutions and transforming businesses into industry powerhouses.
And it seeks to expand the number of available loanofficers and strategic developmenttools to continue building on the momentum that company executive say they’re seeing in the space. ” Clow: How does your team approach bringing these traditional loanofficers up to speed with reverse?
This end-to-end digital tool is designed to act as a mobile pipeline, empowering loanofficers to accomplish anything from issuing a pre-approval letter to locking in a rate, all in real time and all fully remote using just their smart phone. Mortgage lender Guaranteed Rate has launched its new RED-VP mobile app.
Top mortgage technology executives say their companies are embracing artificial intelligence (AI) in their operations but still relying on human decision-making to sell loans. “There’s one question every CEO, CTO, CIO, loanofficer, processor, underwriter, they all ask the same thing: will AI replace my job?”
In this conversation, Ryan shares Acra Lending’s blueprint for broker growth, including insights on how Acra Lending navigated the pandemic, built relationships with referral partners, and developedtools that help brokers streamline non-QM loans. How does this tool help brokers streamline the non-QM loan process?
For reverse mortgage clients looking to use their loan proceeds to fund the goal of aging in place, home renovations and other preparations may be requested from the reverse mortgage loanofficer due to the high-touch nature of reverse mortgage origination. LOs often occupy a place of trust among their borrower clients.
SimpleNexus , a homeownership platform developer for loanofficers, borrowers, real estate agents and settlement agents, has acquired Georgia-based software firm LBA Ware. The post SimpleNexus Adds Business Intelligence Tools with LBA Ware Acquisition appeared first on Appraisal Buzz.
If you’re a mortgage loanofficer with a decade of experience in the industry, you have likely spent over 80 hours taking continuing education courses. We would welcome the opportunity to approve courses with a creative take on how they design and develop content.”. LOs often lose focus during CE classes, he told HousingWire.
Josh Lehr: Pre-pandemic, online home buying existed, but over the last year, shopping online for mortgages became much more popular and convenient as meeting in person with a loanofficer was not an option. Communications Package with robust engagement tools, including a dialer, two-way SMS text messaging, and lead activity views.
We want to be able to provide a tool for any customer along their aging lifestyle. We also brought in Salesforce , and we call it our Guild 360, where we developed a semi-proprietary connection with Salesforce. This coaching program is designed and run by our own successful loanofficers.
Editor in Chief Sarah Wheeler sat down with Christos Bettios, chief information officer at NFM Lending , to talk about the company’s private, proprietary GPT that is making his whole team more efficient. He started his career as a developer and spent 10 years as a senior product manager at Fannie Mae.
Following other recent moves from the government-sponsored enterprises to the private sector, former Fannie Mae Head of Digital Products Henry Cason announced his move to FinLocker , a consumer-permissioned personal financial assistance tool. FinLocker CEO Henry Cason.
Lenders have come to appreciate the benefits technology can bring – but those benefits are only useful if the implementation of new tools doesn’t make the loan process more complicated. Additionally, the solution leverages artificial intelligence (AI) to guide borrowers through the mortgage application process.
It’s amazing how many loanofficers miss this, don’t return the call quickly, and lose their race before it’s even underway. Each lender is different and so their use of these tools will differ. Improvements in the way developers bring products to market have resulted in a flood of new tools and many lenders have invested.
Intuitive technologies developed and built by experts in both mortgages and technology can drive efficiency, reliability and profitability when paired with exceptional customer service. At UWM, we’re always looking for ways our brokers can grow their business,” said Justin Glass, Senior Vice President and Chief Digital Officer at UWM.
The development is intriguing for a few reasons. SentriLock delivers zinger to Zillow with new showing service,” was the email subject head SentriLock sent about its new tool, titled SentriKey Showing Service. Presented by: Propertybase.
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. To combat this, loanofficers must be incentivized to embrace innovation.
I think loanofficers are getting used to the rate environment as it is now, versus hanging on to the idea that they’re going to get better and things will pick up.” Parks has overseen other changes in the division, including growth of its third-party associate channel that works alongside Longbridge’s loanofficer corps.
However, we can’t lose sight that this process should be built on human connections and relationships, and these digital tools need to help support these necessary interactions. We must provide consumers with the tools and education they need to more easily navigate the home buying process. Everything should be in sync.
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