Tagged: underwriting

In a market where borrowers are more complex and lenders are more cautious, brokers who can prove the file earlier will have the edge

Critical defect rate jumps 23.9% as math-based compliance findings expose the potential for one systemic error to affect loans across a lender’s book

The acquisition adds consumer-permissioned payroll and banking data to Checkr’s mortgage platform while lenders confront increasingly convincing fabricated financial records

One-third of consumers say they would consider switching lenders over older scoring models, making underwriting technology a potential borrower-retention issue

Platform calculates bank-statement income and evaluates complex files against investor-specific guidelines before formal underwriting

The platform alerts production teams to documentation, eligibility, and GUS-related issues before files reach underwriting

The agency says proprietary and machine-learning models do not relieve lenders of their fair lending and disclosure responsibilities

After a four-month preview involving more than 25,500 loans, the company's Autopilot platform is now commercially available for mortgage pre-underwriting

To responsibly expand credit access and streamline the lending journey, the mortgage industry must look beyond the traditional credit file and embrace a multi-dimensional view of the consumer

Digital pay stub tools are gaining traction among self-employed workers, but mortgage lenders continue relying on automated verification and multiple data sources to validate borrower income