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Ready or not, CRA modernization is at the door

Housing Wire

Doing so would result in 32% of examined lenders receiving a “Needs to Improve” score, compared to the 16% earning that mark for their retail performance from 2017 to 2019, bank regulators estimated. Banks also would be able to get credit for community development activities, even if that work occurs outside of their branch footprint.

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Class Valuation acquires AMC Valuation Connect

Housing Wire

According to Class, the two companies align on important issues, including culture, service, efficiency and technology development. This collaboration will allow us to accelerate the development of cutting-edge appraisal technology and deliver unmatched value.”

Valuation 379
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North Carolina Regional MLS expands into Georgia

Housing Wire

Ultimately, this development will empower our members to better serve their clients and grow their businesses.” This means that member associations and MLSs pay NCRMLS a wholesale price per member and then charge their members a retail price of their choice to access the MLS.

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United Wholesale Mortgage’s Blink+ tool includes an LOS, POS and CRM all in one package

Housing Wire

The wholesale channel will continue to grow as more retail originators and borrowers learn the benefits of working with a mortgage broker. By not competing with, but advocating for mortgage brokers, UWM is able to stay laser focused on developing the next big thing as we continue to catapult broker channel growth together.”.

Tools 321
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Old National, First Midwest merger approved despite redlining allegations

Housing Wire

million loan subsidy fund, and provide substantial support for community development corporations and community organizations based and working in Indianapolis’ Black neighborhoods. As part of the settlement, Old National agreed to open two branch offices in majority-Black census tracts, pay a $1.1

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Angel Oak Home Loans adopts SimpleNexus’ platforms for agency and non-QM lending

Housing Wire

A customized loan application developed for Angel Oak Home Loans will support both agency mortgage and non-QM lending “for borrowers of diverse financial backgrounds,” said Shane Westra, chief product officer at Simple Nexus. How should the current market impact lenders’ tech adoption? Presented by: Polly.

Lending 350
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Rise above the panic, for the housing market’s sake

Housing Wire

Let’s look at the retail industry, for instance. Back in the 80s, more than half of our retail transactions unfolded inside shopping malls. Research from Glossy and Modern Retail coined the “Great Mall Overhaul ” and made the call for a pivot, the evolution from transactional to experiential. I think so too.

Retail 359