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JAUST launches automated jumbo mortgage underwriting platform

credit report, Due Diligence, HWmember, Jumbo Mortgage, Mortgage, SAAS, Technology, Underwriting /

JAUST, an automated underwriting system (AUS) built specifically for jumbo mortgage originations, has launched with a cloud-native platform that aims to help lenders cut underwriting costs and accelerate decision times, the company announced Tuesday. The platform is designed for portfolio lenders and mortgage banks that manage dozens of jumbo investors and complex overlays. “The mortgage […]

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From loan pools to consumer wallets: The ripple effects of credit score lender choice

Contributors, credit report, Credit Score, HWmember, Opinion /

On January 15, 2026, the FHFA provided documentation to the Housing Policy Council (HPC) in response to a Freedom of Information Act (FOIA) request made in July of 2023.  Those documents, though redacted, clearly indicated that the GSEs did not recommend approving two scores as was directed by the FHFA. Rather, the GSEs only recommended

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Verification is the new credit score

Artificial Intelligence, Contributors, credit report, Credit Score, HWmember, Mortgage, Opinion, Origination /

The mortgage industry does not have a speed problem. It has a confidence problem. For decades, the credit score has served as the central organizing mechanism of mortgage risk. It estimates the probability of repayment using historical behavioral data. It is statistically validated, embedded in capital markets, and operationally indispensable. But the credit score answers

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Mortgage originators brace for rising costs as ban on abusive trigger leads nears

Artificial Intelligence, Consumer Protection, Cotality, credit report, HWmember, Lead Generation, Legislation, LendingLife, Mortgage, Origination, Regulatory Compliance /

A ban on abusive trigger leads that’s set to take effect in early March is already driving up overall costs to acquire leads and putting pressure on mortgage originators’ business models, industry experts told HousingWire. Sources say this short-term shift is part of a broader set of trends — including heightened competition for first-party data

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Single-file credit proposal reignites debate over savings vs risks

Bob Broeksmit, Community Home Lenders of America, credit report, HWmember, LendingLife, Mortgage, Mortgage Bankers Association, Origination /

A proposal to replace the longstanding tri-merge credit report with a single-file model has reignited debate over borrower costs and systemic risk, placing trade associations on opposing sides. Supporters argue a single pull would encourage more predictive credit data and reduce systemwide costs without materially increasing risk in some cases, noting that mortgage servicing rights

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Trade groups urge White House to lower FHA premiums, ease loan fees

Affordability, credit report, FHA loan, Government Lending, HWmember, Independent Community Bankers of America, Mortgage, Mortgage Bankers Association, Mortgage insurance, Regulatory, Trump administration, White House /

Multiple mortgage lending trade groups are urging the White House to take administrative steps to lower the costs of home loans, arguing that federal regulations have driven up borrowing expenses as affordability worsens. In a letter sent Wednesday to White House National Economic Council Director Kevin Hassett, the Mortgage Bankers Association, America’s Credit Unions and

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TransUnion pushes back on single-pull mortgage credit proposal

Bob Broeksmit, credit report, HWmember, LendingLife, Mortgage, Mortgage Bankers Association, Origination, TransUnion /

Credit bureau TransUnion is pushing back against the idea of replacing the current tri-merge mortgage credit model with a single credit pull, arguing that the shift would increase systemic risk and restrict access to credit. The conclusion comes from a TransUnion study released during the Mortgage Bankers Association (MBA)’s Annual Convention and Expo, as the

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FHFA clarifies key VantageScore 4.0 implementation questions

FHFA clarifies key VantageScore 4.0 implementation questions

Bill Pulte, credit report, FHFA, FICO, HWmember, Mortgage, Regulatory, VantageScore /

Mortgage industry professionals had more questions than answers following last week’s bombshell announcement that the government-sponsored enterprises Fannie Mae and Freddie Mac have approved the use of VantageScore 4.0, a new credit scoring model. A week after the initial announcement, Federal Housing Finance Agency (FHFA) Director Bill Pulte answered several key questions. In an FAQ

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MBA, FHFA explore single credit report for mortgages

credit report, Federal Housing Finance Agency, Government Lending, GSE Reform, GSEs, HWmember, LendingLife, Mortgage, Mortgage Bankers Association /

While the Federal Housing Finance Agency (FHFA) under President Joe Biden proposed a transition from a tri-merge to a bi-merge credit report system, the Mortgage Bankers Association (MBA) is now assessing the feasibility of moving to a single credit report for mortgage underwriting. Bob Broeksmit, president and CEO of the MBA, wrote in a blog

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