Author: PROGRESS In Lending

LenderLogix, a provider of mortgage automation software and application programming interfaces (APIs), announced Peak Residential Lending has implemented its complete application suite – LiteSpeed, QuickQual and Fee Chaser – into its existing tech stack to power a digital-first borrower experience.

Down Payment Resource (DPR), a provider connecting homebuyers with homebuyer assistance programs, issued its Q1 2023 Homeownership Program Index (HPI). The firm’s analysis revealed a 0.5% uptick in the number of homebuyer assistance programs available to help people finance homes, raising the number of programs to 2,362.

EarnUp, Inc., a financial wellness fintech company, has reached a milestone, helping millions of Americans schedule $43 billion in mortgage, auto, and student loan payments through its Payday to Payday program and technology. EarnUp’s growth follows a surge in interest from companies seeking smart programs designed to help employees achieve a more well-rounded financial picture.   

Tavant, a Silicon Valley digital lending solutions provider, launched a highly anticipated new product, Asset Analysis, to Touchless Lending®, their AI-powered digital lending platform. With this addition, Touchless Lending provides coverage over all four major underwriting components, including Income, Credit, Collateral, and soon Asset Analysis. Touchless Lending Asset Analysis is in the near-final stages of production and will be available in-market by the end of June 2023.

The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), and the Chairman of the Subcommittee on Housing and Insurance, Warren Davidson (OH-08), sent a letter to Federal Housing Finance Agency (FHFA) Director Sandra Thompson. The lawmakers blast the FHFA’s recent changes to the loan level pricing adjustment (LLPA) structure that amounts to a tax on creditworthy homebuyers to subsidize those with riskier loans.

DocMagic launched ADA-compliant mortgage loan documents to its extensive document library. The new digital documents are accessible to visually impaired users and others with disabilities, unlocking opportunities for these consumers into the broader mortgage market.