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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 316
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Mortgage subservicing is having a makeover moment

Housing Wire

The answer lies in a remote corner of the mortgage industry: subservicing. This business which involves handling mortgage payments, borrower communication and escrow administration on behalf of lenders has undergone consolidation. Meanwhile, MSR player Bayview Asset Managemen t is in M&A talks with Guild Mortgage.

Mortgages 339
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Fairway makes a deal to acquire Hallmark Home Mortgage

Housing Wire

Fairway Independent Mortgage Corp. , mortgage lender, announced a deal on Wednesday to acquire Hallmark Home Mortgage in an asset sale. It will operate under the “Powered by Fairway” brand and will be led by Hallmark founder and CEO Deborah Sturges. a top 20 U.S. Financial terms were not disclosed.

Mortgages 315
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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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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 288
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From survival to strategy: The mortgage industry’s call for purpose-driven leadership

Housing Wire

If the mortgage industry had a mantra at the start of last year, it was something like: Just survive to get to 2025. But now heres 2025, and its clear that mortgage rates arent falling the way wed hoped, and the market is going to take more time than we thought to find its new normal.

Mortgages 315