Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Mortgage Tech Virtual Demo Day

Tune in to our live Virtual Demo Day on December 1st at 10am CT to experience demos from the most innovative tech companies in the Servicing, Audit and Post-Close space.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

FintechMortgage

PromonTech integrates with Optimal Blue

Company’s Borrower Wallet platform now offers latest product and pricing info

PromonTech has integrated its point-of-sale platform, Borrower Wallet, with Optimal Blue in a bid to enhance the customer experience.

Now, Borrower Wallet users will be able to review the types of mortgages they qualify for using search criteria, or they can work with their loan officer to search information on Optimal Blue’s product eligibility and pricing engine.

Borrower Wallet aims to make it easier for borrowers to oversee their loan process, keeping them informed throughout and enabling them to sign disclosures and send documents.

It also offers users access to a dashboard that displays credit score, debt-to-income and loan-to-value ratios.

“In this competitive mortgage market, today’s lenders are looking to differentiate their service offering and meet new consumer demands,” said Bob Brandt, vice president of marketing and alliances at Optimal Blue. “By integrating with Optimal Blue’s advanced API, PromonTech provides lenders with the tools they need to succeed by enabling the borrower to seamlessly access accurate pricing and product selection early in the application process.”

“Our main goal at PromonTech is always to provide the best possible service and home-buying experience for our customers – borrowers, lenders, and loan officers,” said Michael Kolbrener, chief technology officer of PromonTech. “Partnering with Optimal Blue streamlines the application process by offering our clients real-time access to the most accurate product eligibility and pricing information.”

 

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3d rendering of a row of luxury townhouses along a street

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