The new request is in compliance with the Taxpayer First Act that was signed into law on July 1. This law states a taxpayer must provide their permission (“consent”) for the information to be shared. Although this component of the law must be implemented by Dec. 28, it does not state how the consent should be obtained or documented. The Internal Revenue Service (IRS) has not provided guidance on how this should be managed.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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