Housing Wire

OCTOBER 22, 2021

. “Much has changed since the federal government engaged in Depression-era redlining, but discriminatory lending practices by financial institutions still exist,” Garland said. ” The initiative will “seek to address fair lending concerns on a broader geographic scale than the DOJ has ever before,” Garland said.

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Housing Wire

AUGUST 14, 2023

Appraisal modernization is generating a lot of buzz in the real estate lending industry. Most would agree (me included) that the appraisal process is long overdue for modernization — a 2022 Fannie Mae survey showed 94% of lenders are in favor of appraisal modernization. Lenders hit the obstacle of the appraisal process.

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Housing Wire

OCTOBER 18, 2024

By doing so, ICE helps its clients cut down on mistakes, speed up workflows, and offer a modern lending experience that works better for both borrowers and industry professionals. This digital mortgage setup focuses on turning manual tasks into automated ones.

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Housing Wire

AUGUST 31, 2023

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. How do the solutions work? Why do we need them? But you already know this.

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Housing Wire

DECEMBER 17, 2024

The subprime lending crisis previously induced Congress to bolster lending protections, and the new rule now applies the same safeguards to the PACE program, the bureau said. PACE loans are typically marketed via door-to-door sales by independent brokers who work with contractors who perform the modernization and enhancement work.

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Appraisal Buzz

OCTOBER 18, 2021

Our profession has been abuzz the last year or two with regards to the GSEs being mandated to modernize the appraisal profession. Why are appraisers essentially being excluded from the conversation about modernizing the profession? Collaborative valuation is a natural step in modern appraisal firms. But that is the reality.

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Housing Wire

FEBRUARY 3, 2025

Feldman & Feldman began working with clients throughout Texas to file lawsuits under the truth in lending act against EasyKnock in 2021. According to Feldman & Feldman, EasyKnocks defamation suit forced the law firm to withdraw from the truth in lending suits it was involved in. In 2018, the company raised $3.5

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Housing Wire

MAY 15, 2024

The Community Home Lenders of America (CHLA) on Wednesday released a plan that it says would “modernize” Ginnie Mae , the government-owned company that manages the securitization of government-sponsored loans.

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Housing Wire

JULY 16, 2021

Seventy million dollars in seed funding is a colossal investment for an unproven tech startup, even one that promises to fully disrupt a relatively low-margin, traditional industry like mortgage lending. They’re used to modern experiences with great service and digital experience. But this is no ordinary mortgage startup. It’s early.

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Housing Wire

JANUARY 3, 2023

When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect.

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Appraisal Buzz

JANUARY 10, 2025

In the modern mortgage industry, lenders are not just setting themselves apart on who has the best Super Bowl ad or the biggest branch footprint, but increasingly also on their approach to technology. However, transitioning to a more modern, modular strategy has proven to be difficult and complex.

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Architecture Mortgage Technology Modernization 397

Housing Wire

DECEMBER 18, 2024

This sector is closely tied to the overall economic cycle and tends to show patterns before every recession observed in recent modern history. As short-term interest rates decrease, some lending opportunities, such as land purchases and apartment financing, are improving. We will soon find out.

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Construction Modernization Mortgage Housing Market 510

Appraisal Buzz

MARCH 3, 2025

Weve been scapegoated, slandered, and kicked to the curb by AMCs and lenders who see us as an inconvenient speedbump rather than a vital part of the lending process. And lets not even get started on how the modernization movement is designed to push us aside in favor of speed and efficiencyaccuracy be damned. Would it ensure fair fees?

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Appraisal Modernization Real Estate Agent Business 370

Housing Wire

APRIL 27, 2021

Here it is: another article about appraisal modernization. The FHFA RFI responses to appraisal modernization are a treasure trove of insight into ideas and options for modernization from a wide variety of respondents. No doubt, investment in modernization is needed in the appraisal process.

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Housing Wire

FEBRUARY 27, 2025

How can today’s mortgage lending market be summed up in one word? In the modern mortgage market , mortgage rates are close to 7%, and the gig economy has pushed some borrowers away from trying to qualify for conventional mortgages. Acra Lending has done precisely that. For them, the word would likely be “flowing.”

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Lending Technology Tools Mortgage 264

Housing Wire

JANUARY 26, 2022

Also participating in this latest funding round is Movement Mortgage , which describes itself as the sixth largest retail mortgage lende r in the nation, funding some $30 billion in residential mortgages annually. Building the next generation of tech: Three ways to digitize home lending.

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Modernization Mortgage Lending Investors 370

Housing Wire

JULY 31, 2023

In the proposal’s supplementary information section, HUD explains that the rule as currently enforced is simply outdated, and does not account for modern methods of communication that would comply with the protection of the involved parties’ personal information.

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Modernization Mortgage Lending Technology 369

Housing Wire

MAY 5, 2022

That’s partly because, according to a joint notice of proposed rulemaking from bank regulators on Thursday, banks’ performance would be judged by where they lend, not just where they have branches. Honestly we don’t know if that is coming or not,” said Ricard Pochkanawala, senior policy council at the Center for Responsible Lending.

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Modernization Lending Retail Law 370

Housing Wire

DECEMBER 6, 2021

So far his venture-backed title company has launched platforms that have sped up title clearance and title insurance acquisition, and they have their sights on expanding into the lending and appraisal space. The post In the race to modernize title, firms double down on software appeared first on HousingWire.

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Housing Wire

OCTOBER 7, 2024

In the modern mortgage landscape, quality control (QC) stands as a critical pillar supporting the industry’s integrity and stability. This approach integrates QC principles throughout the lending process, from application to servicing.

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Lending Mortgage Training Technology 459

Housing Wire

MARCH 14, 2025

FOA’s second-lien product accounted for only one tenth of 1% of total second-lien lending to the senior demographic.

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Business Advertising Modernization Retail 342

Housing Wire

MARCH 11, 2025

The companys tech-driven approach to lending is proving attractive to investors. Were excited to invest in Tomo and to support their mission to modernize the home buying experience, Erwin Raeth, corporate development leader at Progressive Insurance, said in a statement.

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Mortgage Investors Insurance Loan Officers 350

Housing Wire

AUGUST 17, 2022

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.

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Lending Real Estate Agent Real Estate Technology 370

Housing Wire

APRIL 2, 2025

Scarpati previously served as the company’s senior vice president of wholesale lending. Last month, the company hired two new executive leaders to modernize the companys digital and customer experience strategies. The addition of Scarpati follows other recent moves by FOA to bolster its leadership ranks.

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Modernization Retail Finance Design 254

Housing Wire

DECEMBER 20, 2024

The lender chose LoanPASS to provide its software-as-a-service (SaaS) product and pricing engine in its reverse lending operations. At the beginning of 2024, mortgage technology company LoanPASS was announced as a technology partner for reverse mortgage lender Smartfi Home Loans.

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Mortgage Technology Modernization Business 397

Housing Wire

MARCH 29, 2022

Modern financial data aggregation makes it possible for VOA providers to furnish as much as two years of asset history in a single payload. The post Deeper asset history unlocks new lending opportunities appeared first on HousingWire. I’d love to hear your thoughts on long asset history. Drop me a note brian@formfree.com.

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Lending Modernization Construction Government 370

George Dell

SEPTEMBER 22, 2021

Modernized Appraisal is a necessary part of coming lending regulation. The post Statistics: Part of Modernized Valuation? Some think old methods are just fine. Others think advanced quantitative methods are necessary. What to do? Descriptive statistics” they called it. Our teachers also showed us pretty […].

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Modernization Valuation Lending Appraisal 195

Housing Wire

JULY 27, 2023

But one alternative worth exploring is to extend the modernized Basel III to all banks. .” According to McKernan, the purported rationale is to avoid putting smaller banks, which would not be subject to the proposal, at a competitive disadvantage to large banks.

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Lending Mortgage Insurance Modernization 370

Housing Wire

FEBRUARY 17, 2025

This modern framework “enables industry participants to integrate into ICE solutions and provide their services to loan originators and servicers through secure API-enabled technology,” a release from Stavvy explained. The SDK, which was used for two decades by ICE, is being “sunsetted” by Oct. ”

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Lending Technology Modernization Retail 203

Housing Wire

SEPTEMBER 4, 2024

Figure Technology Solutions , the parent company of Figure Lending LLC , announced on Wednesday the hiring of Ronald Chillemi as its first chief legal officer and corporate secretary. Its 120-plus lending partners include CMG Financial , CrossCountry Mortgage , Fairway Independent Mortgage Corp. Department of Justice.

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Legal Lending Technology Modernization 448

Housing Wire

JUNE 28, 2024

As CEO at Vesta, Mike leads sales, product development, and implementations as the team redefines origination platforms for modern lenders. This is not simple – there is no silver bullet solution – and it is hard work, but it is one of the greatest problems mortgage originators face today, and well worth the work.

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Lending Mortgage Technology Training 414

Housing Wire

JUNE 7, 2022

For example, a loan processor may use a modern LOS to order a flood certification, title report, AUS decision or data verifications, but once the order has been placed, what if the data doesn’t arrive? The post Are these factors creating chaos in your mortgage lending ops? appeared first on HousingWire.

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Lending Mortgage Technology Modernization 388

Housing Wire

AUGUST 11, 2021

LOX, an AI-powered TPO lending platform, that brings Loan Originators and TPO Brokers together, providing real-time data exchange and data-driven processes to ensure a more fluid experience for brokers, boosting productivity and reducing loan cycle times. Tavant’s FinXperience Broker Platform is powered by V?LOX, Product Fast Facts. #1.

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Mortgage Modernization Lending Technology 397

Housing Wire

JULY 2, 2024

A new report by IDIQ® , a financial intelligence company, details top consumer credit concerns provided by mortgage , real estate, and lending professionals as well as borrowers themselves. Bryan Sullivan is the Chief Operating and Financial Officer at IDIQ. Surya Pochareddy is the Executive Vice President, Strategy at IDIQ.

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Tools Mortgage Modernization Real Estate 443

Housing Wire

FEBRUARY 10, 2025

1639b), the Secure and Fair Enforcement for Mortgage Licensing Act ( SAFE Act ), and the Truth in Lending Act ( TILA ) remain fully enforceable. The Mortgage Bankers Association and other advocacy groups are working to push forward reforms to modernize LO compensation structures, RESPA , and servicing rules.

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Modernization Legal Lending Loan Officers 219

Housing Wire

APRIL 1, 2024

A federal judge in Texas has granted a preliminary injunction to banking trade groups that seek to halt the implementation of new rules for modernizing the Community Reinvestment Act (CRA), according to court documents reviewed by HousingWire. We look forward to litigating this matter to a final judgment.”

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Modernization Law Lending Insurance 467

Housing Wire

APRIL 1, 2025

HUD has been on a yearslong road to modernize its technology systems. A 2021 report submitted to the HUD Office of the Inspector General (OIG) stated that progress at that point had been notable but that “leadership changes with shifting priorities and insufficient funding pose potential risk to modernization.”

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