The Mortgage Report

APRIL 13, 2021

See how lenders calculate commission income for mortgage qualifying. Commission income is usually accepted by lenders if you have a 2-year earnings history.

Mortgages 116

Mortgages 116

The Mortgage Report

APRIL 13, 2021

See how lenders calculate commission income for mortgage qualifying. Commission income is usually accepted by lenders if you have a 2-year earnings history.

Mortgages 116

Mortgages 116

Housing Wire

APRIL 4, 2024

In the March rate update , we discussed why Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgages (HECMs) utilize two interest rates. The “ expected rate ” is unique to reverse mortgages and is calculated by adding the lender’s margin to the weekly average 10-year constant maturity treasury (CMT).

Principal 333

Principal Mortgages Loans Equity 333

Mashvisor

APRIL 22, 2022

A mortgage calculator is a tool that every real estate investor needs to use in order to make calculations and predictions about their investment. But how are mortgages different than…

Investor 69

Investor Mortgages Finance 69

Housing Wire

MARCH 12, 2024

Mortgage capital markets tech firm Polly rolled out its Lender Intelligence platform, which leverages data and analytics to drive margin expansion and cost reduction. Since its launch in 2019, the California fintech company has raised about $57 million in three rounds of funding.

Technology 379

Technology Loans Banks Mortgages 379

Housing Wire

APRIL 25, 2024

Photo credit: AJ Canaria It was initially billed as a discussion centered on the “biggest threats to a healthy mortgage landscape for homebuyers,” but some breaking news disrupted some of those plans. The session featured Developer’s Mortgage Co. Essentially, all risks can be calculated, quantified and translated into dollars.

Loans 314

Loans Staging Mortgages As-is 314

Housing Wire

SEPTEMBER 27, 2023

LoanLogics, a mortgage loan quality automation provider, announced the integration of two of its document processing tools with Finastra ‘s MortgagebotLOS solution on Wednesday. This integration aims to enhance lender capabilities and facilitate document processing and income calculation, the statement said.

Loans 367

Loans Technology Investor Mortgages 367

Housing Wire

FEBRUARY 22, 2024

Mortgage rates continued their ascension toward 7% this week, raising doubts about the approaching spring homebuying season. The 30-year fixed-rate mortgage averaged 6.90% as of Feb. 22, an increase from last week ’s figure of 6.77%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgages 421

Mortgages Fixed-rate mortgage Loans Marketing 421

Housing Wire

NOVEMBER 27, 2023

The Mortgage Bankers Association (MBA) this week appeared to relay caution to its members about the announcement from the Federal Housing Finance Agency (FHFA) last week that it had published a new, final rule on the Enterprise Regulatory Capital Framework (ERCF) related to commingled securities. 27 advocacy update. “The 27 advocacy update.

Finance 405

Finance Mortgages Loans As-is 405

Housing Wire

AUGUST 8, 2023

Product Fast Facts #1 Leverages artificial intelligence to calculate property condition in real time using borrower-supplied property photographs #2 Scores subject address against comparable properties using Black Knight’s Complexity Profiler to create a condition-adjusted valuation #3 Calculates available equity using Black Knight’s property data (..)

Equity 317

Equity Lending Mortgages 317

Housing Wire

JANUARY 23, 2024

Chicago, Illinois-based mortgage tech firm Gateless announced an integration of its Smart Underwrite solution product with The Work Number – a digital verification solution – from consumer credit reporting agency Equifax.

Technology 369

Technology Loans Mortgages 369

Housing Wire

JANUARY 23, 2024

Gateless: Smart Underwrite Smart Underwrite represents a paradigm shift in mortgage lending. 3 Interprets, analyzes, and calculates data using 3 rd party service reports, e.g., credit, income, asset verification, or borrower supplied documentation. Conditions and tasks cleared without human intervention.

Lending 354

Lending Loans Mortgages As-is 354

Housing Wire

APRIL 21, 2021

As part of the landmark CARES Act passed in 2020, Congress stipulated that mortgages in forbearance as a result of COVID-19 must be reported as “current” on credit reports. The three primary credit bureaus, Experian , Transunion , Equifax , are reporting all mortgages in forbearance as current.

Mortgages 501

Mortgages Loans Banks As-is 501

Housing Wire

NOVEMBER 28, 2023

Rapidio , a mortgage underwriting technology provider, on Monday released the income assessment component of its underwriting product, FlexStack Component System. It validates, verifies, calculates and assesses guideline eligibility before presenting the entire income story to underwriters who make the final assessment.

VA loan 381

VA loan Technology Loans Mortgages 381

Housing Wire

OCTOBER 22, 2021

Rocket Pro TPO helps accelerate the entire mortgage process with underwriting speed and by offering brokers’ clients the information they need in a concise and clear format. . TPO Pricing Calculator Provides Fast Access to Loan Information. Rocket Pro TPO recently redesigned its pricing calculator to make it easier than ever to use.

Loans 368

Loans Technology Loan Officer Mortgages 368

HomeLight

JUNE 30, 2021

It’s no secret that there’s lots to consider before buying a house, but one of the trickiest points for first-time buyers is often figuring out how to calculate a mortgage payment. With the help of HomeLight Home Loans expert Richie Helali, we’re going to review everything that goes into a mortgage payment (and what doesn’t!).

Mortgages 57

Mortgages Principal Loans Homeowner’s association 57

Housing Wire

NOVEMBER 8, 2022

LodeStar Software Solutions, a provider of compliance tools for mortgage lenders, has partnered with loan origination system and software provider LendingPad, it announced on Tuesday. The aim of the partnership is to introduce LodeStar Discovery, a closing fee calculator, to mortgage loan originators using the LendingPad platform.

Closing costs 349

Closing costs Title Lending Loans 349

HomeLight

OCTOBER 27, 2023

And you’re asking yourself: How much mortgage can I afford? What’s even included on a mortgage payment? And how can you make sure you’re not overspending on your mortgage? And how can you make sure you’re not overspending on your mortgage? How do you know how much money you can borrow for a home loan? Well, kind of.

Mortgages 111

Mortgages Lending Loans Finance 111

Housing Wire

OCTOBER 27, 2022

Neville said he is leaving LoanLogics, a data-driven mortgage audit, income calculation and loan quality software provider, in the “capable hands” of Parker. His professional career spans three decades and roles in companies of varying growth stages, with leadership positions at Fiserv, CoreLogic and Wells Fargo Home Mortgage.

Technology 333

Technology Loans Mortgages Lending 333

Housing Wire

FEBRUARY 13, 2024

homeowners with outstanding mortgages, or some 63% of all homes, equity tied up in real estate jumped by 6.8% It features tools for data visualization of home value, mortgage debt and current equity, as well as estimates for up to 10 years. The borrower is not required to repay the loan via monthly installments.

Equity 311

Equity Renovation Loans Investor 311

Housing Wire

JANUARY 31, 2024

RealTrends has been tracking housing market data since 1979, including households, home sales, average mortgage rates , etc. One of the most important calculations we do each year is measure the percentage of all households that purchased a home, whether new or existing, in a given year. How bad was last year?

Marketing 411

Marketing Industrial Sales Mortgages 411

Housing Wire

JUNE 28, 2022

Mortgage technology provider Roostify is hoping to bring in more self-employed borrowers by adding mortgage automation provider Indecomm ‘s automated income calculation technology, it announced Tuesday. Roostify claims to be better positioned to weather the cyclical mortgage industry.

Technology 319

Technology Lending Mortgages Loans 319

Housing Wire

APRIL 21, 2023

It’s been delayed, but that’s not enough for the mortgage industry. “There is a reason the revised general Qualified Mortgage (QM) definition excludes the DTI ratio: Studies demonstrate that as a stand-alone measure, DTI is not a strong indicator of a borrower’s ability to repay.”

Industrial 417

Industrial Mortgages Loans Closing 417

Housing Wire

APRIL 11, 2022

LoanLogics this week rolled out LoanBeam Wage, a new automated tool that enables lenders to calculate borrower’s income quickly by using paper-based paystubs and W2s. The post LoanLogics rolls out automated income calculation tool appeared first on HousingWire.

Technology 360

Technology Equity Mortgages Loans 360

Housing Wire

OCTOBER 24, 2023

“The integration with Insellerate’s CRM and marketing automation solution will provide our customers with the ability to enhance outreach and engagement with their customer bases directly from our platform.” Last September, Finastra announced another integration with LoanLogics, a mortgage loan quality automation provider.

Loan Officer 406

Loan Officer Lending Loans Banks 406

Housing Wire

MARCH 14, 2024

Lisa Moriello, the national retail reverse mortgage sales manager at multichannel lender loanDepot , recently spoke to RMD about how business in 2024 seemed to be off to a promising start. Diving deeper into the current reverse mortgage business environment, she offered additional perspectives on multiple topics.

Mortgages 362

Mortgages Loan Officer FHA loan Equity 362

Housing Wire

SEPTEMBER 25, 2023

Data provider Curinos partnered with Polly , a software-as-service mortgage technology firm, aimed to support lenders’ effective margin decisions. “Our partnership will enable clients to seamlessly analyze their market position and support effective margin decisions without leaving their pricing engine.

MLS 315

MLS Technology Lending Mortgages 315

Housing Wire

JANUARY 27, 2023

Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.” Mortgage applications have been trending higher alongside lower mortgage rates, pending-home sales are up, and home builder confidence increased in January.” compared to December 2021.

Sales 417

Sales Mortgages Marketing 417

Housing Wire

NOVEMBER 28, 2023

CubiCasa , a Finland-based proptech company, partnered with OneKey MLS – a major mortgage licensing system (MLS) serving the New York Metropolitan area – to provide user-friendly floor plan creation tools.

MLS 381

MLS Technology Mortgages Industrial 381

Housing Wire

APRIL 10, 2024

However, data on rents enter the CPI calculation with a lag—sometimes by as much as 12 to 18 months. Meanwhile, mortgage rates have steadied recently. “Rents have been coming down in many parts of the country as record levels of new apartments were delivered in 2023,” Sturtevant said. in March, the sixth month in a row below 2%.

Industrial 416

Industrial Mortgages MLS As-is 416

Housing Wire

JANUARY 17, 2024

However, as mortgage rates hit multi-decade highs , cooling demand and shrinking the pool of qualified buyers for new homes, homebuilders slowed their pace of construction, which settled at a plateau that is still well above pre-pandemic levels. Mortgage rates fell precipitously that week, although they remain above 6.5%.

Construction 451

Construction Land Residential Mortgages 451

Housing Wire

FEBRUARY 28, 2023

Digital mortgage lender and nonbank home loan provider Better.com has launched “Equity Unlocker,” a mortgage innovation that allows employees to pledge vested stock equity as collateral for a down payment without selling their stock. Many companies provide their employees with equity over cash, adding to this issue.

Equity 379

Equity Pre-approval Loans Finance 379

Housing Wire

MAY 24, 2022

Indecomm Global Services , a New Jersey-based mortgage automation and services provider, aims to court more lenders through its new automation-enabled origination solution, GeniusWorks, which is intended to cut the cost of middle-office origination functions: set-up, processing and underwriting.

Loans 349

Loans Mortgages Closing Technology 349

Housing Wire

APRIL 6, 2023

Mortgage rates fell again this week, but the primary cause was not the banking crisis fiasco. According to Freddie Mac ’s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage declined to 6.28% as of April 4, down from 6.32% the previous week. range mid-week, and mortgage rates also tracked lower,” Jones added.

Mortgages 462

Mortgages Fixed-rate mortgage Investor Loans 462

Housing Wire

DECEMBER 14, 2023

Mortgage industry trade group Community Home Lenders of America (CHLA) is urging government agencies to begin to have conversations surrounding the impact of the jury verdict and potential court ruling in the Sitzer/Burnett commission lawsuit on lending practices.

Lending 409

Lending Mortgages VA loan Finance 409

Bigger Pockets

FEBRUARY 5, 2023

Calculating the principal and interest on your loan helps you identify the actual cost of a property. If you have a $400,000 loan at a 30-year fixed rate of 5%, […]

Principal 86

Principal Mortgages Loans Finance 86

Housing Wire

MAY 10, 2023

The expectation that the Federal Reserve might be done with hiking rates spurred the mortgage market last week. The MBA data shows that mortgage applications increased 6.3% retail residential mortgage applications. Borrowers’ demand followed a decrease in mortgage rates. for the week ending May 5 from one week earlier.

Mortgages 373

Mortgages Loans Residential Sales 373