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Mortgage infrastructure platform Pylon raises $8.5M in seed round

Housing Wire

Headquartered and founded by Trent Hedge and Marco Monteiro earlier this year, the firm’s unified stack offers a white-labeled interface that can pre-fill loan applications in addition to instantly verifying income, assets and pulling credit, according to its website. .

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Own Up eyes national expansion with $12M funding round

Housing Wire

It says it brings new transparency to the process by eschewing the traditional broker commission, typically 1.15% of the loan. Through its digital platform, Own Up handles the application process and receive a fee of 0.40% of the loan amount from the lender.

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With 20% market share, independent mortgage brokers are competing directly with retail lenders

Housing Wire

The brokers were in agreement that recruiting talent and maintaining strong partnerships will be key to not only brand development, but a lasting foundation that will continue post-pandemic. “So So really, it’s a team effort, the reason we got to where we’re at is because of the team involved behind it.

Mortgages 370
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Vishal Garg unveils Better’s new strategy as a publicly traded company 

Housing Wire

According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. I’ve gone through extensive coaching and professional development,” he said. That technology platform has helped us maintain best-in-class compliance and regulatory audits. [So

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AI Chat Tools Revolutionize Real Estate Industry: Blend's New Chat Tool Leads the Way

Realty Biz

How Blend’s Tool Sets the New Standard One of the latest AI chat tools to enter the real estate market, Blend's AI-powered chat tool is designed to help homebuyers and real estate agents with a variety of tasks, including qualifying for a mortgage, Finding a home, negotiating an offer, and closing on a loan.

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Competition for mortgage underwriters has never been fiercer

Housing Wire

Record-setting mortgage originations coupled with a resurgent private-label securitization market have created an expanding demand for loan underwriters at a time when they are in scarce supply. . Are we planning to double the size of the firm every two years? Probably not. But we will continue to hire as needed.”.

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What Do You Need To Consider When Buying A New Home?

Lab Coat Agents

Next, consider the type of loan that’s right for you. Many different types of loans are available, so make sure you choose the one that best suits your needs. Third, you want to find an agent who uses technology to their advantage. The minimum down payment for an FHA loan is 3.5%. What Is A USDA Loan?