Underwriting

However, it remains 30% tighter than pre-pandemic levels, according to the Mortgage Bankers Association.

Values are predicted to increase by just a fraction of the rate they had in 2020, CoreLogic said.

The financial services technology provider will leverage multiple data sources to verify borrower salaries at a “flip of a switch.”

Gain on sale has dipped 130 basis points per loan since the third quarter last year, but over the same period, per loan expense is up by $1,216.

The higher dollar amounts could be a way for companies to drive volume at a time when rates are increasing.

The real estate franchisor will retain its full ownership in the title agency, escrow and settlement services business.

Other providers like DocMagic and SimpleNexus offer similar services to originators who have yet to adopt the technology in substantial numbers.

Both third-party lenders will purchase conforming loans with balances of $625,000 — 14% higher than the current limit — in anticipation of regulators' action.

The filing by Tamara Richards also accused the founder and other execs of encouraging a "frat house" environment that mistreated women.

The move generally gets a thumbs up from industry participants, but what can happen in the long-term is uncertain.