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“Due to limitations on when and how lenders receive data about property and borrowers, errors and loanconditions aren’t exposed until much later in the process, during processing and underwriting,” the company said.
Miami-based fintech Milo has started to diversify its portfolio for investors with digital holdings by offering its first crypto-mortgage refinancing product, the company announced on Tuesday. “With our crypto refinance, they can benefit from having access to their home equity when attractive investment opportunities come up.”
The integration eliminates the traditionally manual, mundane tasks associated with identifying and resolving loanconditions, which gives underwriters time to focus on more complex issues,” Reggora’s CEO Brian Zitin said.
They will be responsible for: Timely and accurate payment processing and maintaining records of each transaction Managing escrow accounts and disbursing payments for taxes, insurance and HOA fees Distributing funds to various entities, including investors who own the loan, property tax authorities and insurance companies Tracking loan balance ensuring (..)
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