Articles Tagged with ''digital mortgages''

AFR Wholesale is mixing things up with Blend

Another lender jumps on the digital loan platform bandwagon
Surprise, surprise, another lender, AFR Wholesale, antes up, selecting Blend as the developer for its new digital loan application platform as momentum for a completely digital mortgage continues to build in the industry.
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Finicity in the Winner’s Circle: Mortgage lenders need a digital-or-bust mentality

CEO Steve Smith gives advice to lenders who want to stay competitive
Speaking to HousingWire Editor-in-Chief Jacob Gaffney on his podcast series In The Winner’s Circle, the CEO of data aggregator Finicity, Steve Smith gave some advice to mortgage lenders who wish to stay competitive. Smith talks about this and elaborates on the importance of customer-data protection, how lenders use tech to save valuable time and the early role that blockchain technology is also playing in the industry.
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The first-time Millennial homebuyer just turned 30

Millennials step up their borrowing game from February to March, yet still have to rent longer
The average Millennial homebuyer just turned 30. According to Ellie Mae's latest report, the average age of a Millennial homebuyer rose from 29.5 in March 2017 to 30.1 in March of this year. Ellie Mae points to the compression of inventory largely due to Baby Boomers aging in place instead of relocating and retiring as the reason for the average age of the Millennial homebuyer to creep up into the 30s.
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SunTrust becomes latest bank to roll out digital mortgage platform

Joins Wells Fargo, Bank of America, Chase, others
Another lender is about to join the digital mortgage revolution, as SunTrust announced Monday that it is rolling out a digital mortgage application platform. SunTrust claims that its platform, which is called the “SmartGUIDE Mortgage Application,” allows consumers to complete a mortgage application entirely online in “half the time” of a typical mortgage application.
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Bank of America launches digital mortgage platform

Becomes latest big bank to go digital
Everybody’s doing it, and now Bank of America is doing it too. Bank of America revealed Wednesday that it is launching a digital mortgage platform, which allows customers to complete the mortgage application process either via their mobile device or on Bank of America’s website.
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Approved, LendingQB partner to launch wholesale lending platform

Partnership of two top tech companies in housing finance
In a partnership that brings together two of the preeminent technology companies in the mortgage space, Approved and LendingQB are joining together to launch a wholesale lending platform. Both Approved, a digital mortgage platform for independent lenders and brokers, and LendingQB, a provider of SaaS loan origination technology solutions, have been named to HousingWire Magazine’s HW Tech100 as one of the top tech companies in housing finance.
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What lenders can learn from tax preparation software

Ways to automate, streamline and standardize borrower income calculation
For most underwriters, calculating income is a manual process, often characterized by inefficiency, inaccuracy and lack of standardization. When is someone going to be able to provide self, tax software kind of functionality for our mortgage underwriters? The answer: we’re on the precipice.
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PwC: The digital mortgage is our new normal

What are borrowers looking for?
In its latest Home Lending Experience Radar report, published this week at the LendIt Fintech USA conference in San Francisco, PricewaterhouseCoopers said digital is our new normal and explains how consumer expectations are shifting and what these new trends mean for lenders.
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From HW Magazine

Hot Seat: Simon Moir of eOriginal

eOriginal delivers eClosing capabilities to companies of all sizes with an open platform
Originators can digitally create the promissory note and securely manage it as an authoritative copy with delivery to secondary market. For instance, by sending the note digitally from the originator to a warehouse lender, the risk of a lost note or shipping are eliminated. Thanks to technology, the eNote is delivered and transferred instantly, with data that can be instantly validated. This advancement accelerates the time between origination and the replenishment of capital.
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Matic, MortgageHippo partner to bring homeowners insurance into digital mortgage process

Borrowers can now get insurance quote within MortgageHippo platform
In a partnership that brings together two of the top technology companies in the mortgage industry, Matic’s digital homeowners insurance platform is now available within MortgageHippo’s digital mortgage experience. Lenders that use MortgageHippo’s digital mortgage platform can make Matic homeowners insurance available to their borrowers with a one-click “get quote” button within the platform itself.
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