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Equifax to cut underwriting time with IRIS Software Group 

Housing Wire

When a consumer applies for a home mortgage , auto loan or social service benefits, their employer is required to provide employment and income history. IRIS Software Group, one of the UK’s largest, privately held software companies, provides software solutions and services for finance, HR and payroll teams and accountancy firms.

HR 418
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Ex-employee sues CrossCountry, branch manager for sexual harassment, retaliation

Housing Wire

According to the lawsuit, Nielsen joined the Alpharetta, Georgia branch at CrossCountry in July 2018 as a loan processor, following 15 years of experience in the mortgage industry. ” The alleged episode in April resulted in Nielsen calling CrossCountry’s HR department in May in the presence of three other co-workers.

HR 337
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House passes bill to modernize VA appraisals

Housing Wire

Department of Veterans Affairs mortgage loans. With the passage of HR 7735, known as the “Improving access to the VA home loan benefit Act of 2022,” the VA is now permitting desktop appraisals and in some circumstances, waiving appraisals altogether.

HR 496
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Keller Mortgage eliminates some operations positions

Housing Wire

Each pod has about 15 employees consisting of loan officers, processors, closers, underwriters, supervisors, and funders, according to multiple employees. ” Loan officers, who are 100% commission based at Keller Mortgage, were not part of the layoffs, according to multiple employees. . billion this year. About 66.7%

Mortgages 392
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How lenders can prepare for growing fraud threats

Housing Wire

Looking back to 2020, Truework’s verification experts saw an enormous spike in fraud—a notable case being the rise of income misrepresentation on TPO loans in Southern California last fall. Jeffrey Morelli: Throughout 2021, we foresee an ever-growing presence of fraud and disinformation in the employment verification process.

HR 367
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Are these factors creating chaos in your mortgage lending ops?

Housing Wire

For example, a loan processor may use a modern LOS to order a flood certification, title report, AUS decision or data verifications, but once the order has been placed, what if the data doesn’t arrive? Ask anyone in the HR department of a loan origination or servicing shop and they’ll tell you that a storm is coming.

Lending 280
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#297: Ask Paula – Should I Househack or Pay Off My Student Loans?

Afford Anything

George is torn between paying down his student loan debt (which he deferred) or buying a househack. I’m torn between paying down my student loan debt versus buying a househack. I have a total of $130,000 in federal student loans – $26,000 in my name, and $104,000 in my parents’ names. I don’t have any revolving debt.

Loans 67