San Diego-based reverse mortgage wholesale lender Smartfi Home Loans has forged a partnership with LoanPASS to use the technology company’s software-as-a-service (SaaS) product and pricing engine in its reverse lending operations. Stating its desire to expand reverse mortgage wholesale lending through a series of inter-company partnerships, the new accord serves as an example of its […]
Delinquencies rose in December but the rise is mostly due to the calendar: December ended on a Sunday, so payments made on the last day of the month were credited to January. As a result, some loans appeared temporarily delinquent, ICE noted in its First Look Mortgage Performance report. The national delinquency rate rose to […]
New Jersey-based TD Bank has decided to invest $10 billion in affordable homeownership initiatives by 2027, including providing loans and liquidity to the residential lending market. The investment represents half of the bank’s three-year Community Impact Plan announced Wednesday, which will direct $20 billion to lending, philanthropy, and banking access, among other initiatives, for the benefit of […]
Let’s talk about lowball offers. What constitutes a “lowball” offer, when is it appropriate or not appropriate and how can you encourage your buyer clients to stop insisting on offering a price that’s unlikely to result in an offer? By definition, a lowball offer is an offer that is significantly below market value. This is […]
Gateless: Smart Underwrite Smart Underwrite represents a paradigm shift in mortgage lending. Real-time automation of critical underwriting functions, like the evaluation of credit, income, and assets, can drive real-time outcomes, including immediate loan approvals. These cutting-edge solutions interrogate loan data and documentation, instantly, upon receipt. Artificial intelligence, combined with expert systems, allows Gateless products to […]
Agents subscribed to Bright MLS now have access to a built-in advertising tool through a new partnership with Collabra Technology, according to an announcement on Tuesday. Through the Bright MLS platform, subscribers will have access to Collabra’s AdBuilder, which lets agents plan and schedule paid digital advertising campaigns from the MLS’ platform. Agents can pick […]
Mortgage demand continued to increase last week, as seen in an uptick in purchase activity. Mortgage applications rose by 3.7% in the week ending Jan. 19 compared to one week earlier on a seasonally adjusted basis, per the Mortgage Bankers Association‘s (MBA) weekly mortgage applications survey. “Conventional and FHA purchase applications drove most of the increase […]
Last month, DataDigest explored market experts’ expectations for 2024, with the consensus calling for a moderately better housing market than 2023. But a meeting of the Federal Open Market Committee the following week set off a market frenzy over expectations of interest rate cuts, moving mortgage rates down well ahead of experts’ forecasts and prompting […]
Limited housing supply and a continuation of high home prices in many markets nationwide in 2023 restricted many first-time homebuyers from entering the housing market and finding their dream homes. But there appears to be a light at the end of the tunnel as mortgage rates are expected to steadily decrease, allowing homeownership to be […]
The Trade-In Mortgage is a white-labeled ‘buy before you sell’ solution that is simpler and more cost-effective than competing products. Win more deals with Calque by helping clients make non-contingent offers and qualify more easily. Our binding backup offer protects you and your client if the home doesn’t sell. Product Fast Facts #1 Calque is […]
