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.

FintechMortgage

2019 HW Tech100 winner: SoftWorks AI

Automatically classifying and extracting loan packets

F1

SoftWorks AI’s program, Trapeze for Mortgage Automation, allows lenders to reduce manual labor by automatically classifying and extracting loan packets.

The technology enables firms to cut loan processing time from two hours to five minutes with 99% accuracy. Using artificial intelligence and machine learning, F1Trapeze can  recognize, classify and split more than 450 mortgage-based documents. More than 85% of documents no longer require manual validation. The program allows users to approve or deny loan applications with as little time and effort possible, thereby helping financial institutions acquire more profitable loans in an efficient manner.

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

How does the FHFA 7% loan cap on GSEs affect originators?

The FHFA has limited GSEs to a 7% cap on loan purchases for second home and investment properties. Here’s how this impacts originators:

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

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