Articles Tagged with ''mortgage lending''

Boise poised at the right angle for housing growth

Idaho's biggest MSA mixes population growth and low unemployment for strong projected appreciation
Treasure Valley, indeed! The data used for the VeroFORECAST shows the Boise-Nampa MSA has a very tight 1.7 months supply of homes, meaning that if no listings were added and demand continued at the current rate, everything currently for sale would be gone in about seven weeks. 
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Union Home Mortgage acquires Arizona’s Alliance Home Loans

Claims deal will push Union Home’s loan production to more than $4 billion
Ohio-based Union Home Mortgage, a lender with more than 130 branches in 36 states, is set to grow its business after it acquired Alliance Home Loans, a lender based in Phoenix. According to its website, Alliance Home Loans currently has more than 200 employees, including 100 loan originators who are licensed in 27 states. The company states that it funds more than 3,000 loans annually.
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Fannie Mae CEO to mortgage lenders: Day 1 Certainty makes you more competitive

Is this our benchmark for efficiency?
This morning following the Fannie Mae first quarter results, CEO Timothy Mayopoulos provided an update on the program’s progress for mortgage lenders. “When we launched Day 1 Certainty, we viewed it as a journey,” he told HousingWire’s LendingLife community this morning, “We didn’t expect [it] to become universally adopted, but rather adopted overtime.”
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Citi: Mobile banking is skyrocketing

Does your lender app?
How popular are financial banking apps becoming? A Citibank survey of 2,000 adults found that 31% of app users use their financial services app more than any other app. This is proof that a digital-first mindset needs to be adopted across the mortgage-lending landscape.
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Movement Mortgage CEO to Loan Officers: Why we don’t buy refi leads

Free read for the next 24 hours
It’s the beginning of a new month and that means the latest issue of HousingWire Magazine is out. As Loan Officers, I know that there is an entire cottage industry looking to nickel and dime you to death. But, not HousingWire. While the magazine represents a large portion of editorial work each month, for our readers, we’re giving you free access for 24 hours to read the cover story: a profile of Movement Mortgage CEO Casey Crawford.
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Sponsored By
New American Funding

Company provides a vital link for purchase buyers reaching out through call centers

New American Funding offers neighborhood data and connects homebuyers to real estate agents
The homebuying process has changed drastically in the last decade, with buyers happy to self-serve as they look for homes and home loans. That process of self-education often lands them in an unusual space: loan call centers, which used to be the choice for homeowners looking for refinance loans, not first-time homebuyers reaching out for a purchase loan.
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Here's where to find some good news for mortgage lenders

Refis down, mortgage profits down, true, but desire to buy homes is still growing
Looking for some good lending news during a downturn? LendingLife has your back. Yes, it is true that rates are rising, per loan profits are down, credit feels tight and refinances are dipping. But, the good news is that the perception of homeownership as a good investment is on the rise. And that's not the only good news for lenders right now.
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Here’s why Bank of America’s mortgage banking revenue is shrinking

Bank may not be pulling away from mortgage lending
Bank of America is clearly seeing a decrease in its mortgage banking revenue, but the reasons why may not be because the bank is pulling away from mortgage lending. A deeper dive into one of the bank’s filings, and a talk with its CEO reveal why its mortgage banking revenue continues to shrink.
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Trend spotting: Appraisers take issue with Fannie Mae's Collateral Underwriter

Still several mortgage lender benefits to using this tool
[Op-ed] Is it fair to have 10 different appraiser's reports on a property and then for the lender to use that knowledge against an individual appraiser and question their ability to provide an accurate report? Appraisers seem to think it is unfair or perhaps altogether irrelevant. As an underwriter, here's one trend I'm seeing.
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