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Reverse mortgage originator: real estate CE helps close more purchase loans

Housing Wire

Mangus then worked to build the dedicated reverse mortgage department at his new company from scratch and has found a notable degree of success by building Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business through the use of continuing education (CE) classes designed for licensed real estate agents. Curtis Mangus.

Loans 493
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Communities Work to Create Lasting Affordability Through Local Development

Propmodo

Since 2000, close to 20 percent of neighborhoods in the U.S. In many of the country’s largest cities, like New York City and Philadelphia, neighborhoods that were once affordable became increasingly unaffordable as development and an influx of new residents sent property values soaring. There are a total of 6,225 CBDOs in the U.S.

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The Closing Exchange provides a wide variety of signing solutions for lenders looking to deliver eClosings

Housing Wire

The Closing Exchange (TCX) partners with its clients to configure solutions to support their workflow at every stage of their digital evolution. TCX provides a perfect mix of technology and service, providing its clients with the choice of how to close a loan at every stage of its digital evolution.

Closing 345
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Margin compression could serve as accelerant toward digital closings

Housing Wire

We reached out to Martin to discuss her latest digital mortgage closing initiatives and what she sees for the next generation of leaders in housing. Martin: COVID catalyzed digital mortgage closings by creating a renewed sense of urgency. What advances are you seeing being made and how has adoption changed over the past year?

Closing 344
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Michigan attorney general reissues reverse mortgage consumer alert

Housing Wire

The action is designed to inform consumers about the potential pros and cons of taking out these loans, according to an announcement issued by Attorney General Dana Nessel’s office on Monday. “A Department of Housing and Urban Development (HUD)-approved counseling prior to closing the loan.

Mortgages 406
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CHLA: Here’s how to modernize ‘short-changed’ Ginnie Mae

Housing Wire

Its plan takes aim at liquidity, budget authority, pay scales and other potential flexibilities to more closely align with the value it brings to the government and the broader mortgage market. CHLA added in a statement that the release of these recommendations is designed to coincide with relevant news.

Banks 351
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Floify’s new platform aims to provide flexible pricing for mortgage lenders

Housing Wire

Broker Edition is designed to provide an intuitive loan management portal for borrowers while making loan management simpler at an accessible price point. is a software development company that offers a digital loan origination system and POS for the mortgage industry. Founded in 2013, Floify — a subsidiary of Porch Group Inc. —

Mortgages 403