Platform calculates bank-statement income and evaluates complex files against investor-specific guidelines before formal underwriting
Friday Harbor is expanding its AI pre-underwriting platform to bank-statement and certain jumbo loans, addressing a growing operational problem for lenders: determining whether increasingly common complex loans work before they consume underwriting resources.The Seattle-base...
The servicer activated the VA’s new loss-mitigation waterfall nearly four months early, offering relief as delinquencies rise among recent VA borrowers
Pennymac has begun evaluating distressed VA borrowers under the Department of Veterans Affairs’ new loss-mitigation waterfall nearly four months before the required implementation date, giving eligible homeowners early access to a permanent partial-claim option designed to r...
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