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CoreLogic AutomatIQ Borrower reimagines the underwriting process with automation and standardization

Housing Wire

In creating its AutomatIQ Borrower solution, CoreLogic aimed to provide one consistent, objective and transparent workflow that lenders could leverage to validate applicants from pre-qualification to closing. By reducing manual work and running standardized workflows, human error and compliance risk are minimized.

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LOs and brokers, are you prepared for an evolving workforce?

Housing Wire

Between significantly fewer refinances, rising mortgage rates and housing inventory nearly cut in half since 2020, loan officers (LOs) and brokers face a pivotal time where adaptation is a must for success. The Newrez non-QM suite is comprised of three different loan types, each designed for a different kind of borrower.

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The surprising future of mortgage technology

Housing Wire

Part of the reason efficiencies from the emerging digital mortgage did not, and still have not, fully translated in the back-office is due to the trust that comes along with the wide-adoption of any new technology. Borrowers were not comfortable turning over their credentials to loan officers or processors.

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The Best Mortgage Blogs From 2017 | Advice For Home Financing

Rochester Real Estate

For example, if you use a bank for your loan you may already have a pre-existing relationship with them and they sometimes offer very competitive interest rates. Have you tried calling a bank on a Saturday night to get a pre-approval letter? Happy house hunting! NOPE, this is a c ommon mortgage myth !

Finance 52
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Mortgages with Low Credit Scores - Your Guide to Affordable Home Financing

Realty Biz

Seek professional advice: Working with a mortgage professional, such as a loan officer or mortgage broker, can provide valuable guidance. They can help you navigate the mortgage process and identify suitable options based on your financial situation and provide you with a pre-approval.

Finance 96
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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Jumbo loans generally require stricter qualifications, higher credit scores, and higher income and/or cash reserves. Loan officer. Pre-approval. However, your clients need to know the difference between pre-approval and prequalification (see below). The limit is based on local median home values.