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The move makes it easier for borrowers who don’t have standard W-2 incomes and those that do to get loans from the same outlets, and reflects broader trends.

The real estate technology company had a $498 million valuation, according to PitchBook, but it could get a sizable premium to that if it were to go public.

The lender's founder and CEO says the acquisition of Roscoe State Bank will give it new products and referral sources.

Changed borrower psychology and the severe housing inventory shortage dropped lending activity across the board, according to Black Knight.

The long-time title and mortgage technology industry executive wants to reduce the number of public company boards he serves on.

Also, commercial financiers Arbor Management, DLP Real Estate, Greystone, Walker & Dunlop enhance their leadership teams, plus more industry moves

There’s now a unique, additional source of demand that’s opening up in an already fiercely-competitive housing market that VA lenders have to solve for.

Fears of widespread credit losses have largely subsided, but demand for new commercial real estate loans remains lackluster because many companies are sitting on so much cash they don’t need to borrow. Meanwhile, competition from private equity groups and other nonbank lenders is escalating.

The guidance addresses confusion related to how lenders should handle situations in which borrowers have not paid for a year and need additional help due to a natural disaster.

There are plans to incorporate the code into the Encompass eClose product, which will allow for secure storage of digital mortgages and notes.