MISMO Seeks Comment On SMART Doc V3 Security Instrument Specification
MISMO is seeking public comment on the SMART Doc® V3 Security Instrument Specification. The 60-day public comment period will run through May 24, 2025.
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Author: PROGRESS In Lending
Companies Partner To Provide Condition-Adjusted Property Valuations And ROI Estimates On Improvements For Investors And Future Owner Occupants
Covius, a provider of technology-enabled solutions to the financial services industry, has partnered with FoxyAI through Covius’ online auction platform, RealtyBid, to provide users with advanced valuation analytics, including a condition score and highly accurate after-renovation values based on neighborhood property assessments.
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Prudent AI Transforms Lending Efficiency For Non-QM Market Leaders
Prudent AI, a provider of AI-powered lending solutions, announced that lenders are experiencing significant operational efficiencies and growth with its income intelligence tool.
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CHLA Supports The FHA Proposal On Servicer Tax And Insurance Reimbursements
The Community Home Lenders of America (CHLA) submitted a comment letter to the Federal Housing Administration (FHA). The letter expressed CHLA’s support for an FHA proposal that allows servicers who advance taxes and insurance for delinquent borrowers to be reimbursed during the loss mitigation process. The CHLA letter also made several recommendations on how to implement this proposal.
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Talk’uments Expands Multilingual Mortgage Solutions With Blend Partnership
Talk’uments, a provider of smart digital language solutions for the mortgage industry, has launched a strategic partnership with Blend Labs, Inc. (NYSE: BLND), an origination platform for digital banking solutions. This collaboration enhances the mortgage lending process by enabling lenders and borrowers to navigate the mortgage lifecycle in multiple languages.
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Equifax Introduces Solution That Delivers Credit Report Alongside Employment Status From The Work Number
Equifax has launched a new solution, The Work Report Indicator, enabled by the Equifax Cloud™ to empower lenders by delivering a first in market Equifax credit report with an indicator of employment status earlier in the mortgage qualification process.
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MISMO Seeks Comment On New Loan Boarding Data Standard
MISMO is seeking public comment on the Loan Boarding Data Segment which is the first published subset of the Industry Transfer of Servicing Dataset (ITSD). The 30-day public comment period runs through April 19, 2025.
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CHLA Sends Letter To FHFA Director Pulte Highlighting Small Lender Priorities For Fannie Mae, Freddie Mac
Days after the confirmation of Bill Pulte as Director of the Federal Housing Finance Agency (FHFA), The Community Home Lenders of America (CHLA) sent a comprehensive letter to Director Pulte, laying out CHLA’s priorities for protecting small IMB mortgage lenders and the GSE affordable housing mission.
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Flipping Activity By Investors Drops For Second Straight Year, Down 32 Percent
ATTOM released its year-end 2024 U.S. Home Flipping Report, which shows that 297,885 single-family homes and condos in the United States were flipped in 2024. That was down 7.7 percent from 322,782 in 2023 and 32.4 percent from a recent peak of nearly 441,000 reached in 2022.
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Commercial And Multifamily Mortgage Debt Outstanding Increased In Q4 Of 2024
The level of commercial and multifamily mortgage debt outstanding at the end of 2024 was $172 billion (3.7 percent) higher than at the end of 2023, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
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