Billed as the first program of its kind, this endeavor is open for applicants across the U.S. Qualifying applicants may also receive seed capital funding, access to investors and a one-month residency at Silicon FinTech Bay to meet Silicon Valley institutions and venture capital firms. Participants will also be expected to travel to Detroit to meet with the program’s organizers. Applications for the program are being accepted through July 27.The acquired technology keeps rejected applicants connected to their lender while they work toward eligibility, creating a potential pipeline of mortgage-ready borrowers
A borrower who cannot qualify today may still represent future business. MeridianLink is buying technology designed to keep that prospect connected to the lender instead of allowing a loan denial to end the relationship.The lending technology provider announced Monday that i...
Principal-and-interest payments reached $1,522 for lower-payment purchase applicants in June, just $9 below the national median asking rent
Prospective homebuyers received modest affordability relief in June, but a closer look at the numbers shows how difficult the monthly payment conversation remains for loan originators.The national median principal-and-interest payment sought by purchase applicants fell to $2...
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