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Figure Technologies launches wholesale lending platform

Housing Wire

Mike Cagney’s Figure Technologies rolled out a wholesale lending platform that will give loan originators access to the company’s home equity line of credit (HELOC) offering. Approval may be granted in five minutes but is ultimately subject to verification of income and employment.

Lending 320
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Sierra Pacific’s Fast Track process gives brokers a more robust pre-approval, shortening cycle times

Housing Wire

“We have a proven legacy of supporting brokers with unparalleled service throughout the entire process by strengthening the human approach, while also integrating technology. The company offers the latest technology because they know it’s no longer a luxury, but a necessity for brokers to have these resources.

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Simplifile by ICE Mortgage Technology supports eRecording in over 2,400 counties

Housing Wire

Simplifile by ICE Mortgage Technology electronically connects people, technologies and data in the real estate transaction to streamline their workflows. After county review and approval, documents are quickly stamped and recorded for public record.

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Guaranteed Rate’s new mobile app allows LOs to provide 24/7 service

Housing Wire

The PowerVP app will create new loans; invite customers to complete a digital mortgage; send a one-click conditional approval letter; lock in rates ; obtain real-time pricing and run a credit report, the company said in a release. It’s now entirely possible for us to qualify buyers for their dream home by the time they leave the open house.

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Milo launches a crypto mortgage product

Housing Wire

” Per the company’s website , it takes five minutes to receive a pre-qualification for a mortgage, though final approval is conditional on finishing the application and providing supporting documents. The crypto mortgage product will be available to most applicants in early 2022, Milo added.

Mortgages 485
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Better closes merger with SPAC Aurora, unlocks $565M in fresh capital

Housing Wire

Better plans to be a mortgage marketplace that sells its technology platform to other companies. “Our The product allows customers to go online, get pre-approved, lock their rate and get a binding mortgage commitment letter from Better Mortgage within 24 hours. In January 2023, Better announced a One-Day Mortgage.

Closing 357
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How lenders can help borrowers improve their credit score

Housing Wire

By implementing a credit process, lenders have the ability to help borrowers get approved for a loan – even after they were previously declined. Once their scores has been improved, these applicants can become customers and then apply and hopefully get approved for a better loan. Or, give up looking altogether.