American Financial Resources Pricing Now Available in ARIVE Marketplace

NationalMortgageProfessional.com

Jul 17, 2019

American Financial Resources Inc. (AFR) has announced that its pricing is now available in the ARIVE lender marketplace, a digital platform developed to serve independent mortgage experts.

“For more than 20 years, AFR has grown by responsively addressing the needs of the market and our lending partners,” said Bill Packer, AFR’s executive vice president and chief operating officer. “We are proud to provide another way to access our pricing and programs, and will continue to look for innovative ways to help mortgage brokers thrive.”

ARIVE aims to provide independent originators with the connections and tools to both compete in a crowded marketplace and serve increasingly tech-savvy borrowers nationwide.

“Opening up the platform with so much support makes it apparent there’s a need for an up-to-the-minute tech solution for independent mortgage originators, and we’re excited to be the ones providing it,” said Katie Sweeney, senior vice president of ARIVE LLC. “We’ve created a platform that will assist in the overall growth of the wholesale space, and now brokers will be able to easily price and register with AFR through ARIVE.”

Link copied

Published

Jul 17, 2019

Regulation and Compliance

CFPB Slaps Bank Of America With $12 Million Penalty For False Mortgage Data Reporting

For at least four years, hundreds of Bank of America loan officers failed to ask mortgage applicants certain demographic questions.

The Consumer Financial Protection Bureau (CFPB) issued a $12 million penalty against Bank of America for submitting inaccurate mortgage lending information to the federal government. The consent order issued Tuesday says that for a period of at least four years, Bank of Ame...

Regulation and Compliance

Rising Home Values Propel Higher Loan Limits

FHFA Announces 5.6% Increase in Conforming Loan Limits for 2024

The baseline conforming loan limit for one-unit properties under government-sponsored enterprise mortgages in 2024 will rise to $766,550, marking a 5.6% increase from the current limit. In high-cost areas, the GSE loan limit for one-unit properties will reach as high as $1.1...