Rocket-owned Nexsys is automating homeowners insurance verification
4 of nation's top 10 providers of homeowners insurance now integrated with real-time verification platform Clear HOI
by Matt Carter Jun 30
Truework says Encompass integration can speed mortgage approvals
Automating employment and income verification can get homebuyers to the closing table faster
by Matt Carter Jun 30
Rising home prices may be crimping demand for purchase mortgages
Demand for purchase mortgages fell last week to the lowest level since May 2020, which could be a sign first-time homebuyers are getting squeezed out of the market
by Matt Carter Jun 30
Tomo launches with aim to 'be the best at purchase mortgages'
The technology-based lender co-founded by former Zillow executive Greg Schwartz is now live in Seattle, Dallas and Houston
by Matt Carter Jun 30
How mortgage brokers and lenders can be better partners to agents
By fostering strong relationships with agents, mortgage lenders and brokers can grow their business — here's how
by Roger Odoardi Jun 30
Lenders granted some leeway to initiate foreclosures
Mortgage lenders will soon be able to initiate foreclosure proceedings against homeowners who are 120 days behind on their mortgage payments
by Matt Carter Jun 29
Offerpad is now a mortgage broker
The pioneering iBuyer is now a licensed mortgage broker in Alabama, Arizona and Colorado, with plans for rapid expansion into other states
by Matt Carter Jun 28
Lenders who rely on AI, algorithms could face new legal risks
The Department of Housing and Urban Development plans on rescinding the Trump administration's protections for lenders accused of inadvertent discrimination
by Matt Carter Jun 28
FHA relaxes underwriting for student loan borrowers
Lenders can use borrower's actual monthly student loan payment when calculating their overall debt burden
by Matt Carter Jun 25
Mortgage rates tick back above 3% as economic recovery continues
Freddie Mac's chief economist said rates could continue to rise during the second half of the year after reaching historic lows in January
by Daniel Houston Jun 24
Cash offer startup Accept.inc raises $90M in funding round
The fintech mortgage lender plans to use the funds to scale the company's platform, double its team and expand into new markets
by Lillian Dickerson Jun 24
Refinancing is easier than dieting, harder than training a dog: Survey
In a new Zillow survey, homeowners ranked refinancing as easier than divorce or dieting, but 'significantly tougher' than training a puppy
by Daniel Houston Jun 23
New leadership expected at Fannie and Freddie's federal regulator
Supreme Court ruling expands the president's power to remove the head of the FHFA
by Matt Carter Jun 23
Home finance startup Lower lands $100M in Series A funding
Lower will use the funds to expand its product line and accelerate its growth. The company's website currently lists more than two dozen employment opportunities
by Matt Carter Jun 23
Generate more leads
Requests to refinance accounted for 62.5 percent of all applications
by Matt Carter Jun 23
Spike in refis led last year's home-lending boom, new data shows
Lenders in 2020 refinanced more than twice as many loans as they reported the previous year, a dramatic feature of the pandemic lending boom
by Daniel Houston Jun 22