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CFPB ‘quietly’ affirms support for HUD counselors partnering with mortgage originators

Housing Wire

Department of Housing and Urban Development (HUD)-approved counselors can use fee for pre-purchase counseling and homeownership education services. The change was confirmed through a LinkedIn post by HUD Deputy Assistant Secretary for Housing Counseling David Berenbaum. “The This list is provided for ease of reference.

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Mortgage infrastructure platform Pylon raises $8.5M in seed round

Housing Wire

million in its seed round to build a mortgage-as-a-service platform for fintechs, banks and retail banks. The built-in underwriting logic aims to deliver quick and accurate decisions to borrowers with maximum affordability approvals and automated tasking. Startup Pylon raised $8.5

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Mortgage demand gets a boost as rates decline for three straight weeks

Housing Wire

And, following investors’ rush into bonds after the recent bank failures earlier this month, yields moved even lower last week — and mortgage rates followed. Purchase applications remain over 30% behind last year’s pace, but recent increases, along with data from other sources showing an uptick in home sales, is a welcome development.”

Mortgages 391
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Lower debuts white label mortgage platform

Housing Wire

Columbus, Ohio-headquartered lender Lower rolled out mortgage as a service platform that enables consumer finance, banking and real estate companies to offer its mortgage products. . Wagner will be responsible for helping Lower’s partners develop their business strategy in the home lending space, Synder said. Lower originated $4.19

Mortgages 337
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Ex-Zillow execs promise revolution in lending

Housing Wire

To provide that competitive edge, Tomo claims to issue mortgage pre-approvals within hours – not days – and cut closing times to 21 days (the industry average is 47 days). Success in the purchase side of the mortgage industry heavily correlates with the ability to scale a product and develop a durable pipeline with real estate agents.

Lending 434
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7 best online real estate schools in California for 2024

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Choosing one of the best online real estate schools in California is your first step to joining our vibrant industry, and it’ll set you up for success for the state’s real estate exam.

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Why is our industry still transferring money with paper checks?

Housing Wire

While the real estate industry has witnessed the introduction of a number of spectacular and innovative developments in recent years, we still (sometimes unfairly) get tagged as “old fashioned” or “conservative.” and get a pre-approval for a mortgage from the comfort of your own laptop. That’s just the beginning.