“FirstClose offers a nationwide, one-stop solution to processing home equity loans and home equity lines of credit,” said Bill Carey, Director of Consumer Finance at Flagstar. “We’re looking forward to working closely with FirstClose to provide the best service possible to our customers.”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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