Loan origination

How JVM Lending plans to expand without any loan originators

JVM Lending trains all its licensed employees to take specific roles in closing loans, plan to diversify into investment properties.

FHA Limits Cash Out Refinances to 85 Percent

The FHA, which has seen its share of scrutiny as of late, plans to lower the maximum loan-to-value associated with cash-out refinances beginning April 1. The agency, which previously allowed cash out refinancing up to 95 percent, will drop that limit to 85 percent, according to a letter sent to clients late last week. “Effective… Read More »FHA Limits Cash Out Refinances to 85 Percent

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Are Closing Costs Included In a Mortgage?

Mortgage Q&A: “Are closing costs included in a mortgage?” There seems to be a great deal of confusion when it comes to closing costs and mortgages, so let’s clear the air and make sense of it all. Simply put, home loans come with closing costs, similar to how most products and services come with associated… Read More »Are Closing Costs Included In a Mortgage?

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Revolution Mortgage integrates Tavant’s Touchless Lending

Revolution Mortgage partnered with Tavant to integrate Tavant’s Touchless Lending product suite into its platform.

LoanDepot invests in Black Knight loan origination system

Though some lenders have tabled tech initiatives until the origination landscape improves, other players in the market, like loanDepot, are enhancing their operating capacity. The Foothill Ranch, California-based lender announced Thursday that it is in the process of incorporating Black Knight’s cloud-based Empower loan origination system. Migrating to the new LOS, which should be completed … [Read more…]

Did Michael Strauss, accused of fraud, just start a new mortgage company?

After abruptly shutting down Sprout Mortgage and being accused of fraud, Strauss and his wife are linked to a new mortgage entity, Smart Rate Mortgage, LLC.

loanDepot and Black Knight partner on integrated loan origination system

Black Knight’s loan origination system will complement and integrate with loanDepot’s proprietary technology system mello.

Mortgage Rates Should Be Lower, Here’s Why They Aren’t

You’re probably pretty stoked about the record low mortgage rates currently available with most banks and lenders nationwide. What’s not to like about an interest rate at or below 3% that is fixed for the next 30 years? While that’s certainly hard to argue, it doesn’t change the fact that mortgage rates could and should… Read More »Mortgage Rates Should Be Lower, Here’s Why They Aren’t

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