Union Home Mortgage (UHM) is extending its reach into the Cincinnati, Ohio, market, the company announced on Tuesday. Ravi Patel and Justin Allen will both serve as area branch managers of the Cincinnati office and bring with them a team of eight additional loan officers, three loan officer assistants, a processor, a production manager and […]
Union Home Mortgage expands footprint in Ohio, adds 15 new personnel Read More »
A group of banking and mortgage associations is trying to get the U.S. Supreme Court‘s attention due to constitutional concerns about the state of New York’s Foreclosure Abuse Prevention Act (FAPA). Friedman Vartolo LLP announced on Monday that it has filed an amicus curiae brief with the Supreme Court on behalf of five of the
Groups petition Supreme Court over New York foreclosure statute Read More »
U.S. residential real estate is drawing increasing interest from international investors —particularly in Latin and South America — according to Miami-based Waltz, a digital mortgage platform that caters to foreign buyers. The firm announced it has reached $50 million in total funding to date — including a newly secured $25 million line of credit from
Waltz raises another $25M to power international real estate investment Read More »
For older people who wish to stay in the workforce, a layoff or buyout can radically change their financial picture. According to a recent report from The Wall Street Journal, it takes an average of 26 weeks for people ages 55 to 64 to find a job — seven weeks longer than people ages 25
Layoffs are blurring the retirement lines for seniors Read More »
The Federal Housing Administration (FHA) has opened a request for information on buy now, pay later (BNPL) lending as it seeks to understand its implications for housing affordability and stability. Comments are due by Aug. 25. These installment loans — often referred to as “phantom debt” — gained popularity during the COVID-19 pandemic, particularly among
FHA seeks input on buy now, pay later lending Read More »
It’s been just over a week since Federal Housing Finance Agency (FHFA) Director Bill Pulte directed Fannie Mae and Freddie Mac to start preparing for the use of cryptocurrency in single-family mortgages. With limited guidance beyond the FHFA’s directive, mortgage originators and industry experts are working to assess how cryptocurrency could be applied to mortgages.
Armando Falcon on the FHFA’s move toward crypto mortgages Read More »
Cornerstone Capital Bank and Tresidio Homes on Thursday announced the launch of Table Rock Mortgage, a joint venture mortgage brokerage. The new Idaho-licensed brokerage will provide mortgage services to local homebuyers “with goals of promoting affordability and streamlining the mortgage process for homebuyers,” according to press release from the companies. “This joint venture brings together
Cornerstone Capital Bank, Tresidio Homes announce joint venture Read More »
The National Association of Mortgage Brokers (NAMB) on Monday issued a letter of support for the Community Home Lenders of America (CHLA)’s white paper on LO compensation reform. CHLA‘s white paper, released last week, urged Congress to roll back the loan originator compensation rule to focus on its original purpose — a ban on yield
NAMB issues support for CHLA white paper on LO compensation Read More »
In a market where every deal counts, manual income verification is the silent killer of commissions. You know the scenario: the borrower is solid, the property appraises and everything looks good—until income verification turns into a bottleneck. Suddenly, you’re chasing paystubs, waiting on HR reps who don’t call back and explaining delays to a frustrated
Manual income verification is killing your commissions Read More »
In an era where technology often threatens to overshadow human roles, Better Mortgage is charting a different course. By developing in-house AI tools designed to complement rather than replace human expertise, the company is enhancing the mortgage experience for both borrowers and loan officers. Already, its AI Loan Agent, Betsy, handles over 125,000 customer interactions