Report: More DPA Programs Introduced To Meet Affordability Demand

Down Payment Resource (DPR), the nationwide database for U.S. homebuyer assistance programs, announced findings from its latest Homeownership Program Index (HPI). The firm’s analysis of 2,351 homebuyer assistance programs in its DOWN PAYMENT RESOURCE database revealed that the net number of homebuyer assistance programs increased by 1.82% from Q3 to Q4 2022. This marks the fifth consecutive quarter the number of homebuyer assistance programs has grown.

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Exceleras Grows With New Client Success Team

Exceleras, a provider of software solutions that drive the right actions at the right time to accelerate property disposition, has hired two new customer success executives who will serve current and new clients on the company’s advanced asset management and disposition platform. Jeannette McWay and Kelli Kysela have both joined the company in these new Customer Success roles.

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TransUnion Study Finds Millions Of New-To-Credit Consumers Are Similar, If Not Better, Risks Than Established Credit Users

New-to-credit consumers – those early in their credit journeys – generally perform as well or better than borrowers with established credit and similar risk scores. This finding from a newly released TransUnion (NYSE: TRU) global study, “Empowering Credit Inclusion: A Deeper Perspective on New-to-Credit Consumers,” may give some assurance to lenders in both developed and developing credit markets that they can extend additional credit products to such consumers without incurring materially higher delinquencies.

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Revolution Mortgage Has Partnered With Silverwork Solutions To Provide Its Digital Workforce Suite Of Software Robots

Silverwork Solutions, the developer of digital workforce BOTs that significantly reduce production costs for lenders nationwide, has partnered with Revolution Mortgage. The Silverwork suite of software robots will be used across production operations at Revolution Mortgage to enable a low cost and best in class loan manufacturing process.

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Technology Player Sees 2023 As A Breakout Year

2023 will be a break-out year leading with industry education that drives further adoption of the LoanPASS system, according to the vendor. In conjunction with the scheduled development enhancements for 2023, the year ahead will be a year of flight for this company. Derek Long, COO for LoanPASS states, “As it stands, the LoanPASS features, and functionality are on the same playing field as other advanced FinTech’s including the delivery of underwriting conditions while easily supporting portfolio lending guidelines.”

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