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How lenders can help borrowers improve their credit score

Housing Wire

At HousingWire’s 2021 Annual Spring Summit, CreditXpert VP of Sales and Client Success Matt Hydrew and T odd Worthington , director of qualification support at Bank of England, discussed top-of-the-funnel strategies lenders can use to help borrowers gain a better understanding of their credit score. Or, give up looking altogether.

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Black Knight to sell TitlePoint back to Fidelity for $225M

Housing Wire

A sale of TitlePoint is expected ahead of Black Knight’s planned blockbuster acquisition by Intercontinental Exchange , Inc. . and is used by title insurance underwriters, title agents and closing attorneys. . The sale of TitlePoint is not conditioned on the completion of ICE’s acquisition of Black Knight.”.

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LenderLogix launches POS system for small- to mid-sized lenders

Housing Wire

LenderLogix, a provider of mortgage automation software and application programming interfaces (APIs), has launched LiteSpeed, a white-label streamlined point-of-sale (POS) system that serves small- to mid-sized mortgage lenders. The company was featured in HousingWire’s Tech 100 in 2022.

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Why is our industry still transferring money with paper checks?

Housing Wire

and get a pre-approval for a mortgage from the comfort of your own laptop. Yet, there remains a dark cloud over the general perception of the part of the process that occurs somewhere between the signing of the sales agreement and the exchange of house keys — the mortgage approval and settlement/closing process.

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Sun West unveils NFT loan powered by AI technology

Housing Wire

has unveiled the latest version of its proprietary artificial-intelligence (AI) platform, called Morgan, which enables the lender to convert pre-approved, property-specific home loans into tradable non-fungible tokens (NFTs). ” The post Sun West unveils NFT loan powered by AI technology appeared first on HousingWire.

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Guaranteed Rate Introduces 5-Minute Approval for Loans

Realty Biz

Guaranteed Rate, a fintech provider of mortgage lending and digital financial services, has announced its latest offering, 5 Minute Approval. The 5-minute pre-approval from Guaranteed Rate pertains to a computerized assessment of the loan documents provided by the borrower and the subsequent pre-approval.

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How Long Does It Take to Close on a House From Start to Finish?

HomeLight

How long does closing take from here? But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021. Conventional loan.

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