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Loan Factory unveils AI application tool

Housing Wire

Thuan Nguyen’s mortgage brokerage , Loan Factory , has rolled out an artificial intelligence (AI) tool for customers and loan originators. The borrower or loan originator can simply drag their documents in and the AI tool will read them, obtain all necessary information and fill out the application for the user. “AI

Loans 432
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Nutter Home Loans scores a win in case brought by DOJ

Housing Wire

aka Nutter Home Loans , recently scored what an attorney has characterized as a win in a case brought against it by the U.S. Further, DOJ alleged that Nutter’s conduct caused HUD to insure these loans when they were not eligible for insurance by [FHA].” Former reverse mortgage lender James B. Nutter & Co. ,

Loans 415
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Opinion: Freddie Mac second mortgage loans further its mission

Housing Wire

Second mortgage loans are specifically authorized in Freddie Mac ’s charter [Section 305(a)(4) – 12 USC 1454(a)(4)]. As a result, cash-out refinances don’t make sense for homeowners with lower coupon loans due to what many have deemed the “lock-in effect.” billion in loans. Let’s be clear.

Loans 425
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HUD launches manufactured home community loan program

Housing Wire

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

Loans 528
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time.

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Figure launches blockchain-based marketplace for private credit loans

Housing Wire

Figure Technology Solutions , the parent company of Figure Lending LLC , has launched a blockchain-based marketplace to connect buyers and sellers of private credit loans, promising to reduce settlement timelines and create greater pricing certainty.

Loans 431
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NFM Lending integrates Knock bridge loan into its application process

Housing Wire

Real estate technology firm Knock announced Thursday that its bridge loan product is being integrated into the borrower application process at Baltimore -based NFM Lending. The bridge loan estimate is being integrated into the lender’s workflow through an Encompass plugin. The loan includes no interest for six months.

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