Items Tagged with 'Underwriting'

ARTICLES

  • Jay Kingsley addresses the disconnect between the digital experience and manual underwriting processes

    CoreLogic's AutomatIQ Borrower gives lenders a single integrated solution to improve underwriting
    There is a disconnect between the digital consumer experience and the more fragmented, manual processes that continue to slow down and increase underwriting costs. Jay Kingsley, executive for credit solutions at CoreLogic, discusses how his company's AutomatIQ Borrower pulls all the disparate borrower underwriting tools together into one integrated solution delivered from one provider.
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  • Relax, underwriters, it’s just rural

    How to maximize appraisal underwriting approvals in rural markets
    Recently, the rural housing landscape has sparked discussion about its lending, affordable housing availability, housing shortages and outreach to underserved demographics. A spotlight has been cast on the rural space with questions probing why rural properties often face excessive underwriting conditions for appraisal issues and how rural lending can be increased to differentiate an organization.
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  • Digital lending platform LenderClose secures new investment to power growth

    Iowa-based company will hire 25 new employees
    LenderClose, a digital lending platform for credit unions and community banks, is ready to plot the next stage of its growth thanks to a new investment from Next Level Ventures, a venture capital firm that invests in growing companies based in Iowa. The company did not make the specific financial details available, but the company said that it plans to use the money to hire 25 new employees.
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  • Ask the Underwriter: Can personal property be included on the sales contract?

    It varies by loan type
    Your borrower finally found the perfect house! They send you a copy of the executed sales contract and everything is great…until you notice that the window treatments are listed as personal property to be included in the sale. Suddenly, you’re having flashbacks of your underwriter losing their $^!# because the last sales contract you sent included a lengthy list of personal items from the seller’s “Custom Man Cave” to be included in the deal. These are just window treatments though… no big deal… or is it?! Keep reading to find out!
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  • From HW Magazine

    Harnessing the power of alternative data

    When Facebook meets FICO
    The secret sauce of underwriting varies from lender to lender and is often a closely guarded secret. Increasingly important is the use of “alternative data” – a variety of information about a prospective borrower that, while not directly related to credit, has proven to hold great predictive value. Using alternative data means a lot of data to sort through and find patterns. Accordingly, the latest advances in artificial intelligence and machine learning are put to work by lenders and data providers to get the most out of this data.
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  • Guaranteed Rate now offering borrowers express underwriting

    Will give borrowers a full underwrite before they pick a home
    Mortgage borrowers in highly competitive markets where cash is often king can now show sellers that their offer is good as cash, thanks to Guaranteed Rate. The retail mortgage lending giant is rolling out a new program that features a full underwrite of a prospective borrower before the borrower settles on a property.
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  • From HW Magazine

    Secondary market forecast

    2017 promises growing risk and sparse returns
    About a week before the November 2016 election, the U.S. Treasury market started to move lower. The cause of this increase in yield on the benchmark 10-year bond was not fear of an interest rate hike by the Federal Open Market Committee or the specter of higher inflation. No, the outlier event that shook the financial world out of years of torpor was a commercial real estate developer named Donald John Trump.
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  • Sponsored By
    Freddie Mac

    Freddie Mac Loan Advisor Suite automates lending to drive efficiency

    Simplifies loan process, even for borrowers without credit score
    Freddie Mac is showcasing why it’s among the most innovative technology companies in housing. It’s leveraging big data and advanced analytics to build game-changing solutions into Loan Advisor Suite, with new capabilities in Loan Product Advisor — its next-generation, automated underwriting solution.
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  • Experian partners with Finicity to digitize mortgage underwriting

    Could expand credit opportunities for 64 million "credit invisible" consumers
    Aiming to make the mortgage process easier for lenders and consumers alike, Experian announced that it is partnering with Finicity to digitize the mortgage underwriting process. According to Experian, the partnership will allow loan approvals in as little as 10 days, and open up the credit box to roughly 64 million consumers that have limited or no traditional credit history.
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  • Fannie Mae sets new date for use of trended credit data

    After unexpected delay, latest Desktop Underwriter update coming soon
    Last week, Fannie Mae unexpectedly announced a delay to the latest update to its Desktop Underwriter program. The delay was noteworthy because at the time, Fannie Mae didn't provide a date for when the use of trended credit data was going to begin. We now know the implementation date.
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