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How AI Can Help Solve the Mortgage Industry’s Cyclical ‘Problem’

Appraisal Buzz

The Fed’s initial cut is likely to bring more buyers and sellers to market, potentially opening the inventory floodgates and momentum for price competition. Traditionally, they would would ramp up hiring – more loan officers, processors, and contract underwriting. What will lenders do?

Mortgage 335
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Home sellers are feeling good about 2021

Housing Wire

Home sellers are chomping at the bit. As the economy reopens, vaccinations continue to roll out and stimulus checks reach bank accounts across America, home sellers are increasingly optimistic. Technology has given consumers the power of choice and expedited the entire real estate purchasing process.

Sellers 516
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NFM Lending integrates Knock bridge loan into its application process

Housing Wire

Real estate technology firm Knock announced Thursday that its bridge loan product is being integrated into the borrower application process at Baltimore -based NFM Lending. The bridge loan estimate is being integrated into the lender’s workflow through an Encompass plugin.

Lending 430
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How top originators can build and retain borrower relationships

Housing Wire

With the current housing inventory crunch and rising rates slowing refi volume, lenders are finding themselves in a much different position than this time last year. Here at Finance of America, we look at technology as an ‘and’ with our loan originators not an ‘or,’” Reich said.

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Millions will enter housing market in 2021: Zillow

Housing Wire

Inversely, data from Zillow showed for-sale inventory climb the highest in four major real estate markets – Los Angeles, Chicago, San Francisco, and New York. Technology has given consumers the power of choice and expedited the entire real estate purchasing process. and Austin.

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With mortgage rate volatility, buyers can save by shopping around

Housing Wire

Effective natural language processing technologies extract deeper meaning from unstructured data to make a difference in the lives of countless would-be homebuyers who are credit invisible or have not had the ability to obtain access to affordable housing finance. There is more inventory relative to demand, and deals can be found.

Buyers 468
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Some lenders won’t survive the purchase mortgage market of 2022

Housing Wire

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. However, they are hampered by comparatively poor technology and the slow speed at which they can close a loan, analysts said.

Mortgage 525