True Stories: Hybrid, eNote and RON Implementation

Join expert panelists that will discuss the status of federal legislation, trends in digital adoption and how best to prepare your organization for the next generation of lending processes.

Spruce’s Patrick Burns on innovation in title technology

In the season finale of Housing News season 5, Spruce CEO discusses heightened investor interest in title tech, innovation and fintech adoption.

Top CFPB official “hates” QM rules, jeopardizing safe harbor

A top CFPB official in charge of the rule-making process has heavily criticized the agency's own qualifying mortgage rule, jeopardizing safe harbor.

Don’t sleep on non-QM products

Now is the perfect time for originators to consider expanding to non-QM products – to grow business, diversify their offerings and to ensure an opportunity to better serve their customers.

FintechMortgageReal Estate

2019 HW Tech100 winner: Plaid

Addressing challenges of the paper-based mortgage

F1

In 2018, Plaid leveraged its technology to address the challenges of the paper-based mortgage with the launch of its first-ever mortgage-focused product, Assets.

Assets links directly to bank accounts and provides a consolidated report of real-time account balances, historical transactions and account holder identity information. This eliminates the need for an applicant to fill out paperwork and is more accurate and current than self-reported information. Additionally, F1Assets was developed in direct partnership with one of the leading mortgage lenders, Fannie Mae. This means Plaid is authorized to supply asset verification reports to Fannie Mae as part of their Day 1 Certainty initiative. As of 2018, 25% of people in the U.S. with bank accounts have used Plaid. Notable users of Assets include Blend, Ellie Mae, Money Lion and Upstart.

Most Popular Articles

Volume-hungry mortgage lenders loosen credit standards

Mortgage credit availability loosened up in April by 2.2%, per the MBA. The drivers were in conventional mortgages and GSE programs for ARMs and high-balance loans.

May 11, 2021 By

Latest Articles

Genworth mortgage insurance arm IPO on ice

Genworth Financial said it will delay the initial public offering of its recently rebranded mortgage insurance arm, Enact Holdings.

May 13, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please