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Assessing the reverse mortgage technology landscape

Housing Wire

Reverse mortgages have a minimum age requirement that serves as a key differentiator for the product. But it also leads to questions about how much or how little technology tools can or should interact with the business. announced that it was implementing hybrid e-closings into its reverse mortgage processes.

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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. This is about fundamentally transforming how the mortgage ecosystem works together.”

Mortgages 391
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A frictionless mobile mortgage experience doesn’t require an app

Housing Wire

In the race to create a convenient, modern borrowing experience, many lenders have seized on native mobile apps as the next big thing in mortgage origination. At first glance, the appeal is obvious: an app can live right on a borrowers phone, promise to save their progress, and provide a sleek, branded interface.

Mortgages 343
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Lower CEO Dan Snyder explores acquisitions, technology and growth plans

Housing Wire

Snyder: We were in the news for some of the mortgage company purchases we did last year. We’re providing value through coaching and how to get more referral partners but also how to become a personal brand and influencer in your market. To start the conversation, Sanchez asks a question about Lowers most recent acquisition.

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Real launches three new products during its agent conference

Housing Wire

Technology is the backbone upon which Real was built, and we continue to push the limits when it comes to leveraging artificial intelligence to deliver solutions that provide our agents and their clients with a strategic advantage,” Tamir Poleg , the CEO and chairman of Real, said in a statement. “Leo and Canada.

Agents 435
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FOA seeks to ‘modernize’ reverse mortgage outreach efforts to seniors

Housing Wire

Finance of America (FOA), the leading reverse mortgage lender, presented a robust outlook last week in its third-quarter 2024 earnings and is aiming to hit the ground running with business in 2025. The product was first introduced in 2018, marking the industry’s first-ever second-lien reverse mortgage option.

Mortgages 370
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Rocket’s Varun Krishna thinks Redfin deal can expand opportunities for broker network

Housing Wire

… So when you look at Rocket’s strength in mortgage with Redfin’s leadership and home search and brokerage, what we’re doing is simply allowing our broker network to get access to a bigger ecosystem,” Krishna elaborated. ” “We think about it more like opportunity.

Branding 418