Housing Wire

FEBRUARY 19, 2021

Home insurance hiccups. Your lender is going to require an adequate home insurance policy before they’ll close on your loan. There also may be cases when a home isn’t insurable. This might occur if the previous homeowner made an insurance claim for some sort of high-risk condition — like mold or severe water damage.

Insurance 535

Insurance Loan Officers Housing Market Appraisal 535

Housing Wire

OCTOBER 4, 2022

Closing fee-related compliance tool provider LodeStar is integrating with title insurance provider Stewart , the companies said Monday. Users can also streamline cost estimates and documents mandated by the TILA-RESPA Integrated Disclosure Rule (TRID) such as the Loan Estimate (LE).

Human Resources 448

Human Resources Loan Officers Insurance Tools 448

Housing Wire

JULY 16, 2024

Mortgage insurer Radian Group plans to lay off 70 employees in Pennsylvania in September, according to a Worker Adjustment and Retraining Notification (WARN) sent to the state’s Department of Labor and Industry. In the document filed July 12, the company said that the facility will not be closed as a result of workforce reduction.

Insurance 434

Insurance Loan Officers Technology Real Estate 434

Housing Wire

JANUARY 2, 2024

“They have let branch managers and loan officers go and say they are transitioning to a broker [shop].” ” A former processor confirmed that “all staff was let go, from operations to loan officers.” Purchases comprised about 66%, conventional loans were 45% and 95% were banked loans.

Loan Officers 459

Loan Officers Lending Mortgage Insurance 459

Housing Wire

JANUARY 8, 2024

Through the partnership, loan officers can introduce their clients to an RIA within Encompass. Borrowers will receive financial advice including – college savings plans if their household is expanding, additional life insurance and 401k at no cost.

Clients 459

Clients Investing Mortgage Technology 459

Housing Wire

AUGUST 29, 2024

The CFPB alleges that NewDay provided borrowers with “net benefit worksheets”—which show the financial advantage of a transaction—misstating the changes in the monthly mortgage payments before and after the refinancing loan. home loans. loans and 90% refinance loans. mortgage industry.”

Loan Officers 434

Loan Officers Law Mortgage Insurance 434

Housing Wire

NOVEMBER 1, 2022

Mortgage Coach, founded in 2009 and based in California, offers an interactive borrower education platform that lets loan officers guide borrowers through a visual presentation of their loan options. The goal is to help drum up business for lenders during an extremely challenging time in the industry. .

Mortgage 459

Mortgage Project Management Insurance Loan Officers 459

Housing Wire

OCTOBER 9, 2024

Hinshaw said the LES technology integrates with loan origination software, enabling it to calculate income, assets and other qualifying criteria within FHA guidelines. The system generates and clears “dynamic, loan-specific conditions” and is backed by a warranty from a AAA-rated insurer for up to 60-months post-closing.

Technology 458

Technology Clients Loan Officers Insurance 458

Housing Wire

OCTOBER 28, 2021

In 2021, Floify’s software, which streamlines the loan origination process by allowing document sharing, and communication between LOs and real estate agents, has helped over 77,000 mortgage applications close each month, according to Porch. The acquisition cost Porch about $76.5

Mortgage 418

Mortgage Logistics Insurance Real Estate Agent 418

Housing Wire

SEPTEMBER 15, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. Consumer loans such as mortgages and other financial documents require notarization. insurance companies, including home and auto providers.

Business 505

Business Law Real Estate Investors 505

Housing Wire

APRIL 18, 2023

However, there is an opportunity in the closing process for better integration between platforms to improve communication and sharing of documents between the brokerage, lender and closing company, each of which has its own process and technology, to relieve some of that stress.

Tools 395

Tools Sellers Technology Loan Officers 395

Housing Wire

MARCH 16, 2022

As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage. Black, a licensed mortgage loan officer and broker, will also lead product development, tech partnerships and sales growth. Terms of the deal, which was announced on Tuesday, were not disclosed.

Retail 459

Retail Loan Officers Brokerage Technology 459

Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

Real Estate Agent 368

Real Estate Agent Real Estate Agents Loan Officers 368

Housing Wire

FEBRUARY 17, 2023

Brady Torgerson, former president of First Security Bank-West , was sentenced to two years in prison for two counts of bank fraud he conducted between 2019 and 2021 when working for the North Dakota-based bank and Union Bank as a loan officer. Attorney’s Office for the North Dakota District said Thursday.

Loan Officers 83

Loan Officers Insurance Finance Mortgage 83

Housing Wire

SEPTEMBER 22, 2022

Details on loan documents can have a big impact on homebuyers especially when it comes to making one of the most significant financial decisions, Arlyn Kalinski, vice president of LEP compliance at Guaranteed Rate said. Let’s take loan disclosures as a prime example.

Marketing 370

Marketing Tools Loan Officers Finance 370

Housing Wire

JANUARY 19, 2023

There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. That’s according to four former employees and company registration documents reviewed by HousingWire. Shocked employees didn’t receive their last paychecks.

Mortgage 418

Mortgage Investors Legal Loan Officers 418

Housing Wire

NOVEMBER 18, 2022

The document says the company will lay off 194 of its 305 employees at its headquarters in Aurora “due to unforeseeable business circumstances causing a sudden and drastic reduction in sales,” Benjamin J. My time with PenFed has come to an end,” a loan officer posted on LinkedIn.

Loan Officers 448

Loan Officers Modernization Finance Housing Market 448

Housing Wire

MAY 6, 2024

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. During the housing crisis of 2008, the title industry suddenly emerged from obscurity into full view.

Real Estate Agent 437

Real Estate Agent Real Estate Project Management Agents 437

Housing Wire

JUNE 28, 2023

Depending on their FICO scores, loan amounts and debt-to-income (DTI) ratios, borrowers have the option to choose from four available bank statement loan options. No mortgage insurance is required. All four loans require separate appraisals from two different appraisers for loan amounts over $1.5

Real Estate Agent 370

Real Estate Agent Insurance Lending Real Estate 370

Housing Wire

MARCH 4, 2021

They’ll also be measuring new legislation/regulation and possibly greater enforcement by various state departments of insurance, state bar associations and more. Third, are there documented training and self-enforcement mechanisms in place? First, is there a formal, written program in place?

Lending 448

Lending Law Loan Officers Clients 448

Housing Wire

OCTOBER 3, 2022

The system also provides management reporting on user productivity and loan metrics derived from a beginning-to-end workflow that can reduce costs and manual tasks. It can take on ‘stare-and-compare’ and validation responsibilities, such as verification of income, assets and insurance more accurately and at scale,” Gagliano noted.

Technology 370

Technology Loan Officers Modernization Retail 370

Housing Wire

OCTOBER 12, 2021

At each stage of the buying process, there are multiple siloed transactions, from appraisals, inspections and settlements to mortgage payments and homeowners’ insurance. Currently, the mortgage industry is inundated with paperwork and limited options to efficiently digitalize and process lending and servicing documents.

Lending 370

Lending Technology Investing Loan Officers 370

Housing Wire

NOVEMBER 7, 2024

According to documents filed with the Securities and Exchange Commission (SEC), the Pontiac, Michigan-based company reported a non-GAAP net income of $23.3 In October, it also announced a conventional cash-out loan product with a loan-to-value (LTV) ratio of up to 89.99% and no mortgage insurance.

Government 370

Government Loan Officers Mortgage Insurance 370

Housing Wire

SEPTEMBER 28, 2023

I would say search engine optimization and customized websites for loan officers, those are areas where we’ve had some success. But we were looking at actually doing some test implementations on a couple of other ones that are more interesting to really high producing loan officer teams.

Technology 482

Technology Loan Officers Lending Business 482

Housing Wire

JUNE 8, 2022

The firm’s software — which it says streamlines the loan origination process by allowing document sharing and communication between loan officers and real estate agents — helped to close more than 77,000 mortgage applications per month, according to Porch. million in the first quarter of 2022.

Mortgage 397

Mortgage Technology Loan Officers Investing 397

Housing Wire

JULY 12, 2023

HousingWire reported that the Sacramento-based lender instituted a round of layoffs in late November 2022, affecting 72 employees , per a document filed with the state’s Employment Development Department. Sources said the changes at Movement come after a shakeup to the sales team’s leadership.

Retail 370

Retail Development Finance Lending 370

Housing Wire

SEPTEMBER 30, 2020

Borrowers, loan officers and the corresponding processors and underwriters are often working on entirely different systems. FinXperience integrates through a bi-directional framework with its surrounding systems, including CRM platforms, pricing engines, document management systems and LOS. There are no cookie cutters here.”.

Lending 212

Lending Real Estate Agent Loan Officers Architecture 212

Housing Wire

JUNE 28, 2024

When thinking about improving the efficiency of work that people are doing and that can’t be moved to technology, lenders often focus on allowing those people to focus (there are elaborate solutions, like workflow systems, and simple solutions, like not letting your loan officers instant message your underwriters).

Lending 414

Lending Mortgage Technology Training 414

Housing Wire

OCTOBER 5, 2023

These [rated offerings] can start to bring in investors like insurance companies, money managers with mutual funds that have ratings constraints, investment banks … [and more], which will provide better financing on rated bonds.” billion, according to offering documents. billion, according to offering documents.

Housing Market 448

Housing Market Marketing Contracts Finance 448

Housing Wire

SEPTEMBER 5, 2023

TB: It seems like each mortgage process should be relatively standardized because we’re manufacturing loans — the vast majority of which will be purchased by the two GSEs or insured by FHA , VA or USDA. How are lenders helping borrowers take advantage of loan product innovation and affordable housing initiatives?

Technology 418

Technology Mortgage Tools Insurance 418

Realtor

OCTOBER 16, 2023

” However, keep in mind that you will have to pay private mortgage insurance if you put less than 20% down, which increases your monthly payments. Assuming you can get a loan instantly Many borrowers assume that in today’s instant-gratification culture, they can get a mortgage in days or even minutes. ” 9. .

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

PennyMac

MARCH 4, 2024

To receive a Pennymac BuyerReady Certification, you’ll submit a mortgage application and financial documents, which a Pennymac Loan Expert will review. Down Payment and Mortgage Insurance Most, but not all, home loans will require a down payment.

Loan Officers 65

Loan Officers Insurance Mortgage Sellers 65

Lamacchia Realty

DECEMBER 10, 2021

It’s highly important to stay organized with meeting dates and deadlines for documents, checks, and other important materials related to your closing as well. Keep all documentation and communications in one place so they are easily accessible should you need to get information quickly. Important Documents to be Aware of.

Buyers 67

Buyers Insurance Realtors Loan Officers 67

PennyMac

FEBRUARY 12, 2021

On the other hand, FHA loans require certain provisions which can sometimes be a burden on a homeowner’s budget, often in the form of premiums paid for mortgage insurance. In such cases, you may want to consider refinancing your FHA loan into a conventional mortgage. Can You Refinance an FHA Loan?

Insurance 59

Insurance Loan Officers Finance Mortgage 59

Raleigh Realty

APRIL 24, 2022

Gathering Important Documents In addition to financial information, you should gather documents necessary for buying a home. All of these documents combine to show lenders that you are qualified for a loan — veteran-specific or otherwise. If needed, assistance is available to obtain the correct documents.

Real Estate Agent 78

Real Estate Agent Real Estate Insurance Government 78

Eppraisal

DECEMBER 28, 2021

While applicants can feel uneasy about a bank looking so closely at their financial lives, they can nonetheless take comfort from the fact that the lender's thoroughness enables it to make loans in the first place. Assembling and confirming the validity of these documents is the job of a loan processor.

Mortgage 68

Mortgage Home Value Insurance Loan Officers 68

PennyMac

AUGUST 13, 2024

Streamline refinance refers only to the amount of documentation and underwriting that the lender must perform, and does not mean that there are no costs involved in the transaction. If you’re an existing Pennymac customer, we rely more on the documentation already in hand and your good standing with Pennymac.

Insurance 36

Insurance Loan Officers Mortgage Finance 36