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United Wholesale Mortgage Launches New Non-QM Jumbo Product

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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

The Work Number Now Available From CoreLogic

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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

New Appraisal Institute Book Takes Aim at Efficient Housing

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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 Adds Overnight Price Protection Policy to Jumbo Program

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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

CoreLogic Expands Tenant Screening Services For "Small Landlord" Market

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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 to Offer Title Training to LOs

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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 Updates Product Line to Include Fannie Mae's HomePath Reno

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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

ValuTrac Announces Integration With Ellie Mae's Encompass

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ValuTrac Software has announced an integration with Ellie Mae, where it will integrate directly with Ellie Mae’s Encompass mortgage management solution to seamlessly facilitate the appraisal portion of the loan process. The integration will increase efficiency and remove risk for Encompass users by automating complicated appraisal steps.Click to continue

RealtyTrac Expands Business With New Licensing Domain

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RealtyTrac has announced it has entered the tax, deed and mortgage data licensing business, making it the first new entrant in the business in more than a decade. For years, RealtyTrac has been licensing its proprietary foreclosure database of more than 20 million current and historical foreclosure records and local & environmental data available through Homefacts.Click to continue