Longbridge COO Bill Packer on how technology is influencing workflows
Bill Packer, COO at Longbridge Financial, talks about the ways his company is using AI to serve reverse mortgage borrowers.
Underwriting
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FHA seeks input on buy now, pay later lending
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.
FHA rescinds 12 policies as Trump administration pushes to cut red tape
Scott Turner, the secretary of the U.S. Department of Housing and Urban Development (HUD), which oversees the FHA, said in a statement that the rescissions are “bold, necessary and long overdue.”
Logan Finance launches new product suite for non-QM borrowers
The launch comes at a time when traditional underwriting is struggling to meet a rapidly evolving borrower landscape, the company said.
Prudent AI debuts non-QM underwriting tool
The tool applies investor-specific guidelines during initial evaluations, offering lenders and brokers an earlier look at a loan’s viability.
Longbridge appoints new head of credit policy, underwriting and QC
Longbridge Financial has appointed Patrick Halonen to lead its credit policy, underwriting and quality control efforts.
HomeVision, Restb.ai partner on AI in collateral underwriting
The companies say the technology will improve appraisal accuracy, automate parts of the review process and help lenders, appraisal management companies (AMCs) and individual appraisers identify errors.
loanDepot’s Frank Martell on building lifelong consumer relationships through technology
In this week’s episode of the Power House podcast, HousingWire President Diego Sanchez sits down for a tantalizing conversation with Frank Martell, the president and CEO of loanDepot, to discuss the company’s profitability in the third quarter of 2024 and its Project North Star growth plan for 2025.
Fannie Mae’s new version of DU to focus on credit risks
A new version of Fannie Mae’s Desktop Underwriter arrives in January with a series of changes for evaluating credit risk from borrowers.