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Supreme Lending looks to expand along the West Coast

Housing Wire

Mortgage industry veterans Eli Fairfield and Brian Keranen have joined Everett Financial (dba Supreme Lending ) as regional directors for the Pacific Southwest, the company announced. Fairfield and Keranen bring decades of experience in mortgage lending, as loan originators and managers in California.

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UWM’s Jason Bressler challenges the fear-driven narrative around AI in mortgage lending

Housing Wire

Discussions about the impact of artificial intelligence (AI) have dominated conversations on stage at HousingWire ‘s The Gathering. Jason Bressler , chief technology officer for United Wholesale Mortgage (UWM), is trying to change the narrative around AI being integrated into the mortgage industry and lending solutions.

Lending 266
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Natural disasters like the LA fires will deepen the U.S. housing crisis

Housing Wire

The study claims that the crisis can be traced back to the early 2000s when subprime lending activities were prevalent. The resulting housing market crash and the Great Recession led policymakers to overcorrect by tightening mortgage lending standards and limiting funds for new construction.

Lending 396
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Lending beyond limits: eRESI’s perspective on the future of Non-QM loans

Housing Wire

Non-QM (Non-Qualified Mortgage) lending has become essential to todays mortgage landscape, providing solutions for creditworthy borrowers who fall outside traditional lending criteria. From a lending standpoint, the Non-QM market is still limited with few large institutional players.

Lending 199
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Successful mortgage lending starts with superior customer service

Housing Wire

What happens when borrowers can’t or won’t walk into a lending branch? HousingWire recently sat down with Insellerate CEO Josh Friend to discuss that very question and what strategies retail lenders should look to adopt from direct-to-consumer lending. That’s where this hybrid digital lending model has emerged.

Lending 397
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Opinion: Affordable lending requires creative thinking

Housing Wire

With the increasing regulatory focus on expanding affordable lending programs, mortgage lenders need to have a plan to serve the underserved. Many lenders have historically shied away from offering a robust affordable lending product line, including down payment assistance (DPA) programs and ITIN mortgages. Finding the ‘why’.

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Lenders tread carefully around targeted lending programs

Housing Wire

Last week’s announcement from the Department of Housing and Urban Development cleared the way for lenders to adopt targeted lending programs, but so far, they are treading carefully. Special purpose credit programs allow lenders to target loan products to benefit protected classes without running afoul of fair lending law.

Lending 409