Applied Business Software (ABS) has introduced The Loan Office, designed for smaller lenders who need a powerful and affordable solution for managing loans. The Loan Office is a state of the art system, ideal for managing loans, collecting payments, paying investors, printing statements and much more.Click to continue
CoreLogic has released The Home Mortgage Disclosure Act: Foundation for a Sound Housing Market, the third white paper in a series which addresses the implications of new and revised federal mortgage finance industry regulations. In this edition, the nearly 40-year-old Home Mortgage Disclosure Act (HMDA) is reviewed in the context of the new regulatory environment and what that might mean for future changes to the law.
Key insights provided in the white paper include:Click to continue
United Wholesale Mortgage (UWM) announced that it launched a new program called "Big & Easy Plus," which is design for non-QM Jumbo loans.
“There are a lot of borrowers that currently do not fit into the QM category,” says Mat Ishbia, CEO and president of UWM. “Our Big & Easy Plus program gives UWM clients the flexibility to originate a ‘make sense’ loan for Jumbo borrowers with higher DTIs, helping expand their pipelines.”
Program highlights include:
►DTI range of 43.01 - 49.00 percent
►Loan amounts from $417,001 - $1,500,000Click to continue
CoreLogic has announced an agreement to offer The Work Number, as part of the CoreLogic Credco Verification of Employment service. The Work Number, a solution offered through Equifax Workforce Solutions, is the largest collection of payroll records contributed directly from employers. The agreement enables CoreLogic to deliver automated mortgage applicant employment with income verification as part of their Verification of Employment service.Click to continue
Appraisers need to get up to speed on the latest energy efficient home features and should learn to determine how green a property is, according to a new book by the nation’s largest professional association of real estate appraisers. Residential Green Valuation Tools, published by the Appraisal Institute, provides a comprehensive overview of the valuation of high-performance homes, a growing market.Click to continue
Titan Capital Solutions (TCS) announced it has added an overnight pricing protection policy and a scenario help desk to its jumbo correspondent program. To bolster its commitment to customer service, TCS stands behind a two to three day turn time for both underwriting and purchase review to improve its sellers’ performance.Click to continue
Secure Settlements Inc. (SSI) announced its partnership with RFIB Group Ltd. and certain underwriters at Lloyd’s of London to offer a new product that will insure lenders utilizing SSI’s ClosingGuard service against losses arising at the closing table.Click to continue
CoreLogic announced the expansion of its tenant screening services to deliver enhanced data for rental applicant screenings for single-family rentals and the “small-landlord” market. The expansion of services, offered through myrental.com, leverages the vast CoreLogic public record and proprietary databases to provide unique applicant data for landlords to assess applicant risk and identify those renters who are most likely to fulfill their lease obligations. Click to continue
Indeed Abstract has announced that it is now offering title training to loan officers. The point of the training is to educate loan officers to understand the basics of the title procedures, and more importantly, to identify a potential issue early on in the transaction.Click to continue
REMN Wholesale, on the heels of its near record-breaking renovation lending Webinar with National Mortgage Professional magazine, has just updated its product line to include Fannie Mae HomePath Reno and HomeStyle Reno for investment and rental properties.Click to continue