Home Point Financial, is now offering a white-labeled digital HELOC product to customers that is powered by the Figure software as a service (SaaS) platform built on Provenance.
By originating HELOCs with Figure and Provenance, Home Point Financial can offer an improved customer experience while lowering costs, reducing risk, and enhancing financing execution throughout the loan process.
Home Point Financial is the newest customer licensing Figure SaaS, a loan origination system natively integrated into the Provenance blockchain. Figure SaaS offers loan origination platforms for home equity and first lien mortgages. All of these features will be fully integrated into Provenance to deliver origination, servicing, financing and capital market benefits.
The institutional-investor cap may grab headlines, but permitting, construction costs, and local building activity will have a much bigger say in how much inventory originators have to finance
I grew up around home building. My sister and her husband, with a little help from the rest of the family, spent years putting new homes on the market around Sacramento. So when I read a housing bill, I ask one question first: will it get anyone to break ground?The 21st Cent...
How lenders and brokers can test the default, challenge the findings, and preserve a workable resolution in DPA, P&L, and DSCR disputes
A repurchase demand can create an immediate liability before the lender has enough information to know whether the claim is valid. The demand may identify the loan, repurchase price, and response deadline without providing the payment history or calculations necessary to eva...
Trade group estimates greater Freddie participation could compress spreads another 10 to 12 basis points as Fannie has taken the lead in GSE mortgage-bond buying
Fannie now prohibits leases for departing residences and permits market-analysis tools instead of Form 1007, creating a key documentation difference from Freddie Mac
The Mortgage Partnership Finance Program has expanded MPF Traditional eligibility for affordable loans, manufactured homes, renovations, and lender-funded assistance