Fidelity National Financial Inc., Jacksonville, Fla., has announced a partnership between its LSI Credit Services division and Impac Lending Group to allow LSI's mortgage credit reports to be seamlessly ordered or re-issued through ILG's automated lending system.The Impac Direct Access System for Lending enables brokers to import applicant information directly from various loan origination systems or to enter the information manually into an electronic 1003 form, Fidelity said. Users can select LSI as the credit vendor and order credit reports that will download directly to the system. LSI will provide users of the Impac system with a Three-in-One Credit Report that incorporates data from the nation's three credit bureaus, Fidelity said.
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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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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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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.
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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.
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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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Eligible purchases with the Better Home Equity Card, which lets homeowners instantly spend funds drawn from a home equity line of credit, earn 1% cashback.
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