Radian Group has made the strategic decision to invest in FinLocker, a move that will foster a seamless integration of technology across the platforms of Homegnius and FinLocker. This initiative does not involve any reference to the original source.
TransUnion has introduced a novel portfolio management tool, aimed at aiding lenders in evaluating the potential risks of a portfolio, taking into consideration the property’s value.
The prominent reverse mortgage provider in Canada, HomeEquity Bank, has employed a well-known ex-national news presenter for its latest promotional content.
The reverse mortgage division of University Bank has recently expanded its team by incorporating four new members. The fresh additions to the department include a regional manager, some loan officers, and an account executive.
Kari Downes, who currently holds the position of Executive Vice President at Enterprise Housing Credit Investments, is set to take over as president from Scott Hoekman, effective from the first of April.
Pennymac has decided to abandon its proposed expansion in North Carolina, which would have added over 300 jobs, as a result of extended periods of high interest rates.
The granting of the award emerged from a contentious arbitration conflict involving three former Guild staff members. They were alleged to have engaged in unfair recruitment practices when they made the move to CrossCountry.
The process of underwriting a borrower is largely dominated by income underwriting, accounting for approximately 80% of the overall effort and intricacy required. The analysis instrument named “AutomatIQ Borrower Income” has been created to apply to a broad range of borrowers.
Despite the initial increase in mortgage rates in early 2024, there was a notable rise in mortgage requirements following adjustment for the holiday period.
Blue Sage Solutions, a firm specializing in software development, has introduced an innovative servicing platform. This novel platform effectively combines loan initiation and servicing activities via the use of technology based on APIs.
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