Lower debuts white label mortgage platform
Lower rolled out mortgage as a service platform that enables banking and real estate companies to offer mortgage products to drum up volume.
Lower rolled out mortgage as a service platform that enables banking and real estate companies to offer mortgage products to drum up volume.
A friend out in California asked me how much, on average, I spend on a bottle of wine. I replied, âAbout half an hour.â Plenty of wine is being consumed while watching Yellowstone and 1923, and while all the women are ogling Spencer Dutton in 1923, in some non-mortgage news to save the economy the Secretary of Homeland Security will announce next month that the Immigration and Customs Enforcement will start deporting seniors (instead of illegals) to lower Social Security and Medicare costs. A major study concluded that older people are easier to catch, offer less resistance, and, more importantly, will not remember how to get back home. In actual news, lenders who own servicing continue to peel it off because it either doesnât fit their portfolio, or they need the cash. The owners of lenders continue to examine various business strategies as we start 2023, with some thinking that it doesnât make sense to remain the size they are. There was a lot of mergers and acquisition activity last year, big and small. I am told by my M&A friends at STRATMOR (Garth & David) that 2023 is lining up for even more. (Both will be in San Diego at the IMB Conference if you want to confidentially meet up.) This weekâs podcast is sponsored by Candor. Candorâs patented automated underwriting decision engine, CogniTechâ¢, is a state-of-the-art, 100% machine platform that can handle infinite loan scenarios. Todayâs has Part Two of an interview with Tom Booker and Tom Showalter on how every underwrite is an anomaly.
A recent drop in mortgage rates and the uptick in home inventory has led to optimism in the air for the mortgage industry.
Mortgage Demand Soars 28% in One Week. Should You Lock in a Mortgage Now? The Motley Fool
Pennymac aims to expand its client base in the bank and credit union segment and review opportunities to offer jumbo loans.
The securitization provides Kiavi with additional capital to grow its funding capacity and expand its reach in the real estate investment market, the company said in its Press release. In 2022 alone, Kiavi funded a record $4.4 billion loan volume to more than 5,600 customers and has funded over $12.3 billion since its inception in … [Read more…]
Intellectual property and intangible assets used to be niche fields. For most people, pretty much everything they owned could be held, sorted and doled out by their estate lawyer. Today thatâs far less true. From e-mail and social media accounts ⦠Continue reading â
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