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Equifax to cut underwriting time with IRIS Software Group 

Housing Wire

When a consumer applies for a home mortgage , auto loan or social service benefits, their employer is required to provide employment and income history. When a consumer applies for a home mortgage , auto loan or social service benefits, their employer is required to provide employment and income history.

HR 433
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House passes bill to modernize VA appraisals

Housing Wire

Department of Veterans Affairs mortgage loans. With the passage of HR 7735, known as the “Improving access to the VA home loan benefit Act of 2022,” the VA is now permitting desktop appraisals and in some circumstances, waiving appraisals altogether.

HR 488
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Are these factors creating chaos in your mortgage lending ops?

Housing Wire

Few other industries must deal with the level of complexity of home finance. For example, a loan processor may use a modern LOS to order a flood certification, title report, AUS decision or data verifications, but once the order has been placed, what if the data doesn’t arrive? The companies that run the highest risk.

Lending 377
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#297: Ask Paula – Should I Househack or Pay Off My Student Loans?

Afford Anything

George is torn between paying down his student loan debt (which he deferred) or buying a househack. I’m torn between paying down my student loan debt versus buying a househack. I have a total of $130,000 in federal student loans – $26,000 in my name, and $104,000 in my parents’ names. I don’t have any revolving debt.

Loans 67
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5 Helpful Banking Tips You May Want to Try

RIS Media

The world of finances can feel overwhelming and sometimes even mysterious. Beyond the basics of savings and retirement funds, simple banking habits can have a surprising impact on your finances. Some banks offer special perks to their patrons when financing loans for a home, cars and other items. Split Your Paycheck .

Banks 76
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Despite headwinds, these mortgage companies are hiring

Housing Wire

Purchase-focused lenders that didn’t balloon in size to capture refinancing business during the boom, in particular, are looking to hire loan officers. WesBanco Bank , the second-largest bank headquartered in West Virginia, plans to hire at about a dozen loan originators in 20 major markets this year.

Mortgages 442
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#352: Ask Paula: Should I Pull Money from My Emergency Fund to Invest or Pay Off Debt?

Afford Anything

She’s torn between paying off her student loans ($30,000) or investing the money. My husband is a real estate agent, and I am a loan processor for a private mortgage company. Currently, the only debt we have is our house, our cars and my student loans. My student loans are about $30,000 at 6% interest.

Loans 57