The FHA revival

Jan 24, 2008

PowerScreen launches online systemMortgagePress.comrisk management tools, Internet, Social Security traces, credit history checks SourcingPoint Solutions has announced their new online system, PowerScreen. The system gives employers, leasing and rental managers and other decision-makers the ability to safely and securely access SourcingPoint Solutions' entire PowerScreen line of hiring and risk management tools from any computer with an Internet browser. Users can perform Social Security traces and credit history checks, review Department of Motor Vehicle records, search criminal history data, access worker's compensation claim information and history, reference a name against the Office of Foreign Assets Control "watch list," screen for drug use, and verify employment eligibility status. Property and rental managers can use the PowerScreen system to review a prospective tenant's eviction records and verify employment status. Garden Grove, Calif.-based SourcingPoint Solutions is a provider of information management services for litigation, real estate, lending and other industries. For more information, call (888) 469-0231 or visit www.sourcingpoint.com.

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Jan 24, 2008

People On The Move

Banking, Financial Services Exec Leslie Gillin Joins Newrez As Chief Commercial Officer

In new role, Gillin says she’ll work to apply data and AI to create more seamless, modern homeowner experiences

Mortgage servicer and Non-QM-focused lender Newrez LLC has hired Leslie Gillin as its chief commercial officer. She joins the company after serving as chief growth officer at Pagaya, a firm that applies AI and machine learning to help financial institutions and fintechs asse...

Analysis and Data

Black Potential Homebuyers Denied Nearly Twice As Often

Though homeownership rates among Black Americans have improved, they still lag behind other racial groups

Although ownership among Black households has grown over the past 10 years, they are almost twice as likely to be turned away for financing than anyone else, reveals a scrub of data from the federal Home Mortgage Disclosure Act. The disparities aren’t uniform. Denial rate...