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Figure Technologies launches wholesale lending platform

Housing Wire

Mike Cagney’s Figure Technologies rolled out a wholesale lending platform that will give loan originators access to the company’s home equity line of credit (HELOC) offering. Approval may be granted in five minutes but is ultimately subject to verification of income and employment.

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Simplifile by ICE Mortgage Technology supports eRecording in over 2,400 counties

Housing Wire

Simplifile by ICE Mortgage Technology electronically connects people, technologies and data in the real estate transaction to streamline their workflows. The solutions featured as part of Simplifile include eRecording, eSign Events, Collaboration and Post-Closing, and Document Builder.

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Sierra Pacific’s Fast Track process gives brokers a more robust pre-approval, shortening cycle times

Housing Wire

In today’s booming housing market, mortgage brokers want to be able to close loans faster and more efficiently. We have a proven legacy of supporting brokers with unparalleled service throughout the entire process by strengthening the human approach, while also integrating technology. Jim Coffrini, President and CEO.

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Better closes merger with SPAC Aurora, unlocks $565M in fresh capital

Housing Wire

New York-based digital lender Better.com announced Wednesday the closing of its business combination with the special purpose acquisition company (SPAC) Aurora Acquisition Corp , , ending a two-year journey to make the business public. Better plans to be a mortgage marketplace that sells its technology platform to other companies. “Our

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Opinion: The time is right for origination modernization

Housing Wire

Lenders who are modernizing across the entire scope of the origination journey — digitizing processes from application and title through close and post-close — are building unprecedented momentum for their businesses. Streamlining operations Once a borrower is approved for a mortgage loan, the process should run like clockwork.

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How lenders can help borrowers improve their credit score

Housing Wire

By implementing a credit process, lenders have the ability to help borrowers get approved for a loan – even after they were previously declined. Once their scores has been improved, these applicants can become customers and then apply and hopefully get approved for a better loan. Or, give up looking altogether.

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Freddie Mac updates risk mitigation requirements for the industry due to elevated cybersecurity threats

Housing Wire

As the mortgage world becomes more technologically interconnected, the risks to cybersecurity, data and infosecurity increase. increase in state licensing issues among closing agents versus the 2021 average. Closing complications. According to Suri, many of the fraud risk gaps exist in the closing process.