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Freedom Mortgage founder addresses ’extraordinary’ credit profiles, profitability and products 

Housing Wire

Mortgage lenders should get used to the concept of ”higher for longer” interest rates and work to bring profitability to their businesses, according to Stan Middleman, founder, president and CEO at Freedom Mortgage. In September 2023, to support its operations, Freedom Mortgage raised $1.3 compared to the previous year.

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How AI is changing the valuations process

Housing Wire

HousingWire recently spoke to Chris McLain, division president of Valuations for Consolidated Analytics , about the current appraisals market, AI innovation in valuations and valuation products for HELOCs and second-lien mortgages. What are the most common valuation products for HELOCs and second-lien mortgages?

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Lower debuts white label mortgage platform

Housing Wire

Columbus, Ohio-headquartered lender Lower rolled out mortgage as a service platform that enables consumer finance, banking and real estate companies to offer its mortgage products. . iBuyer Opendoor is Lower’s first mortgage platform customer, which Snyder said will help the platform expand its reach. . population.

Mortgages 384
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Opinion: Stop speaking mortgage to your clients

Housing Wire

We 86’d a third of the menu in order to not mispack anything. As mortgage professionals, I see us falling into these common traps. If our clients spoke “mortgage” they would need us less. Consumer: …<crickets>… Instead, the mortgage adviser should have stated, “Great news! We speak a specific jargon.

Mortgages 384
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Down payment assistance programs are a boon amid mounting pressure on homebuyer affordability

Housing Wire

They’re using a DPA program through the New Jersey Housing and Mortgage Finance Agency (NJHMFA). They come in the forms of grants, second mortgages, deferred loans and forgivable loans. said Michael Ullmann, a producing branch leader at Movement Mortgage.

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Industry supports FHA’s 40-year loan term option — with caveats

Housing Wire

The deadline for the mortgage industry to chime in on the Federal Housing Administration ‘s (FHA) proposed 40-year loan modification rule was at the end of May. Lunch & Learn: Should there be a 40 year mortgage? Should there be a 40 year mortgage option for all homebuyers?

Loans 421
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Clear Capital’s Kenon Chen on appraisal modernization

Housing Wire

With mortgage rates continuing to remain high and home prices remaining high because of low supply, we’ve had another year of a reduced market. Lenders and appraisal companies have a lot more menu options and their tech choices have to take them down the right path. Sarah Wheeler: What are some of the biggest challenges right now?

Loans 432