Tag Archives: mortgage

Truework says Encompass integration can speed mortgage approvals

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Nearly half of all U.S. mortgages are originated using Encompass, and Truework’s employment and income data network provides instant verification for more than 35 million employees. Continue reading →

Rising home prices may be crimping demand for purchase mortgages

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Demand for purchase mortgages fell last week to the lowest level since May 2020, which could be a sign first-time homebuyers are getting squeezed out of the market. Continue reading →

Tomo launches with aim to ‘be the best at purchase mortgages’

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The technology-based lender co-founded by former Zillow executive Greg Schwartz is now live in Seattle, Dallas and Houston. The company will refer homebuyers to real estate agents through a partnership with coaching company Tom Ferry. Continue reading →

How mortgage brokers and lenders can be better partners to agents

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As the refinancing boom dies down, mortgage lenders and brokers may be eager for agents to send business their way. Here’s how brokers and lenders can build their business by fostering solid relationships with agents. Continue reading →

Lenders granted some leeway to initiate foreclosures

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Mortgage lenders will soon be able to initiate foreclosure proceedings against homeowners who are 120 days behind on their mortgage payments. Continue reading →

Lenders who rely on AI, algorithms could face new legal risks

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In a move that could pose challenges for lenders that employ AI and algorithms to evaluate borrowers, federal housing officials are moving moving to rescind policies to protect lenders and other businesses from claims of inadvertent discrimination. Continue reading →

Mortgage rates tick back above 3% as economic recovery continues

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Freddie Mac’s chief economist said rates could continue to rise during the second half of the year after reaching historic lows in January. Continue reading →