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Redwood adds alternative loan products to its home equity platform

Housing Wire

Real estate investment trust Redwood has expanded its home equity platform, Aspire, to include alternative loan products amid affordability challenges in the housing market, the company announced Tuesday. Through Aspire, launched in September 2023, Redwood directly originates home equity investments (HEIs).

Equity 408
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Assessing the reverse mortgage technology landscape

Housing Wire

But it also leads to questions about how much or how little technology tools can or should interact with the business. While some documents still legally require a so-called wet signature, incorporating more technology into these elements of the business is seen by others in the space as a positive step forward.

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Lower CEO Dan Snyder explores acquisitions, technology and growth plans

Housing Wire

We actually need to manufacture the loan as quickly, compliantly and secure as possible and nothing more. Snyder: There’s a lot of really good vendors out there that provide a solution within that tech that is either user-based or loan-based and it just keeps adding up. Is that something that you’re thinking about?

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CUSO Home Lending rolls out Dark Matter Technologies’ loan origination system 

Housing Wire

CUSO Home Lending rolled out Dark Matter Technologies ’ Empower loan origination system (LOS) for its credit union owners. Dark Matter Technologies, which completed the acquisition of Black Knight ’s Empower and Optimal Blue in September, is prioritizing bringing down origination costs for lenders. “Now

Lending 410
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FinLocker says it will cover 100% of mortgage verification costs

Housing Wire

Self-branded “financial fitness” platform FinLocker announced Wednesday that it will cover 100% of the verification costs for mortgage borrowers who use lenders’ FinLocker-powered apps. Edge Home Finance launched its Edge Loan Advisor platform in January 2025 that is powered by FinLocker. ”

Mortgages 316
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The long anticipated transformation of the L.O.’s role is here

Housing Wire

Todays best loan officers operate differently and expect more. Things like AI, well-integrated technology, consumer expectations and the rise of a number of innovative new business models have turned the industry on its head, and for the better in many cases. Did I mention technology has also changed?

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loanDepot’s Dan Hanson on acquisitions: ‘If you can’t profit, think about joining another firm or selling’

Housing Wire

The cost to originate loans rises, alongside appraisal fees, credit reports, FICO verification , digital verification and insurance. A stock sale means we’re going to buy the company’s stock, establish loan liability for already-produced loans and buy the shell. But the trade-offs are pretty dramatic for an owner.