Reveleus Mortgage Analytics, New York, will be deployed at CitiMortgage and CitiFinancial Mortgage Lending businesses to deliver cross-functional analytics across its credit and marketing functions.As part of the enterprise-wide solution, Reveleus will implement its Mortgage Credit Risk and Mortgage Marketing Analytics. As a result, Citi users will now be able to access information and analysis relating to the whole lifecycle of customer activity by consolidating data across originations, account maintenance and collections. This product will allow Citi to integrate marketing and credit risk analysis, which can then be applied in targeted campaigns based on improved risk-enabled customer segment information.
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Higher utilization and aggregate excess payments point to pressure, according to TransUnion. Debt-to-income averages remain below traditional mortgage caps.
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Meet the top loan originators in the 28th edition of National Mortgage News' annual ranking and learn how they approach purchase business.
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Rocket, United Wholesale Mortgage and Pennymac said they will use the new government-sponsored enterprise credit metric as large lenders get on board.
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One-time Rocket exec Mike Fawaz founded brokerage and tech firm Origna8 with his former adversary's backing, which both say will enable it to quickly scale.
April 29 -
Federal Reserve Chair Jerome Powell told reporters Wednesday that he would remain on the Fed board after his term as chair expires next month, resolving the last and most significant open question about his departure and the onset of Kevin Warsh's leadership at the central bank.
April 29 -
President Biden had issued a rule in 2024 requiring newly constructed homes to abide by an energy mandate to be eligible for FHA- or USDA-backed mortgages.
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