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Highlands Residential Mortgage hires Daniel McCoy as regional construction loan manager

Housing Wire

Highlands Residential Mortgage announced that Daniel McCoy is joining the company as a regional construction loan manager for the Southeast. Highlands Residential Mortgage is a retail lender based in Allen, Texas. Experience.com ranked Highlands Residential as the No. The lender has more than 40 branches in 16 states.

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CFPB rule applies mortgage protections to clean energy loans

Housing Wire

The Consumer Financial Protection Bureau (CFPB) on Tuesday announced a final rule governing the Property Assessed Clean Energy ( PACE ) loan program. The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology.

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Redwood adds alternative loan products to its home equity platform

Housing Wire

Real estate investment trust Redwood has expanded its home equity platform, Aspire, to include alternative loan products amid affordability challenges in the housing market, the company announced Tuesday. Through Aspire, launched in September 2023, Redwood directly originates home equity investments (HEIs).

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Dunmor CEO Franck Ruimy on Newfi partnership and the residential investment lending sector

Housing Wire

Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. What does this mean for the residential real estate sector and how business-purpose mortgage lenders are trying to expand?

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HUD looks to adopt industry standard URLA form for Title I loans

Housing Wire

Department of Housing and Urban Development (HUD) on Monday announced a proposal to shift its Title I home loan programs to the use of the Uniform Residential Loan Application (URLA) that would more closely align them with broader industry standards.

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Smarter leads, lower costs: Agentic AI’s impact on loan officer efficiency

Housing Wire

The expense associated with originating mortgage loans has been escalating, with the current average cost approximating $11,600 per loan. In this article, we delve into its application to elucidate how intelligent automation can enhance efficiency and cost-effectiveness within the loan origination process.

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Outsourcing for efficiency: How SitusAMC is enhancing primary market origination with third-party resources

Housing Wire

This occurs while they manage the heavy loan of growing origination demand. How do we get a loan from I want a house to its closed and done before they walk away? How do we get a loan from I want a house to its closed and done before they walk away? Most companies think from the primary lens.

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