Industry Update: the Future of eClosing and RON

Join industry experts for an in-depth discussion on the future of eClosing and how hybrid and RON closings benefit lenders and borrowers.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

Road to the one-click mortgage

This white paper will outline how leveraging a credential-based data provider can save money for lenders, reduce friction for borrowers, speed time to close, and overall bring lenders one step closer to a one-click mortgage.

Awards

2020 HW Tech100 Mortgage winner: Freddie Mac

AIM eliminates the need to manually input tax return information

Loan Product Advisor asset and income modeler for self-employed is Freddie Mac’s solution for automating a lender’s income assessment of this growing borrower segment. AIM eliminates the need to manually input tax return information and perform the income calculation. It is also the only fully integrated AUS income and asset assessment solution covering asset and income for W2 and self-employed borrowers.

  • Eight to 10 day reduction in time from application to close
  • One bank in Kansas City reduced cycle time from 33 to 22 days on conventional loans
  • Same bank also reduced the number of loans needing income changes — from application to underwriting — from 60% of the time to less than 2% since adopting AIM for self-employed.

http://www.freddiemac.com

Most Popular Articles

Are we back to a normal housing market?

Favorable demographics should keep the housing market ticking. But watch for home prices escalating out of control and rates moving up sharply, writes columnist Logan Mohtashami. HW+ Premium Content

Jul 26, 2021 By
3d rendering of a row of luxury townhouses along a street

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