ITIN

Carrington Mortgage Services Hires Steven Winokur to Continue Its Commitment to Non-QM

Retrieved on: 
Martedì, Maggio 7, 2024

Carrington Mortgage Services, LLC (CMS), one of the nation’s largest privately held non-bank lenders, boasts an impressive slate of loan offerings and services direct to consumers, investors, mortgage brokers and mortgage bankers nationwide.

Key Points: 
  • Carrington Mortgage Services, LLC (CMS), one of the nation’s largest privately held non-bank lenders, boasts an impressive slate of loan offerings and services direct to consumers, investors, mortgage brokers and mortgage bankers nationwide.
  • View the full release here: https://www.businesswire.com/news/home/20240507090740/en/
    Non-QM veteran Steven Winokur joins Carrington Mortgage Services to reinforce its expertise in the non-agency loan space.
  • (Photo: Business Wire)
    “Non-QM is an important part of Carrington’s commitment to potential homeowners with non-traditional kinds of income,” said Greg Austin, EVP, Lending for CMS.
  • For more information about Carrington Charitable Foundation, and the organizations and programs it supports through specific fundraising efforts, please visit: carringtoncf.org .

Bridgeton Auto Mall Welcomes Customers with ITIN Numbers for Car Purchases and Leases

Retrieved on: 
Venerdì, Maggio 3, 2024

BRIDGETON, N.J. , May 3, 2024 /PRNewswire-PRWeb/ -- Bridgeton Auto Mall, a Chevy, GMC, Cadillac, Chrysler, Jeep, Dodge, and RAM dealer in Bridgeton, NJ, proudly announces that it is now accepting ITIN (Individual Taxpayer Identification Number) for new car purchases, pre-owned car purchases, and car leasing, catering to individuals without a Social Security Number. This initiative aims to provide an inclusive and accessible car-buying experience for all members of our community, regardless of their immigration status or background.

Key Points: 
  • BRIDGETON, N.J. , May 3, 2024 /PRNewswire-PRWeb/ -- Bridgeton Auto Mall , a Chevy, GMC, Cadillac, Chrysler, Jeep, Dodge, and RAM dealer in Bridgeton, NJ, proudly announces that it is now accepting ITIN (Individual Taxpayer Identification Number) for new car purchases, pre-owned car purchases, and car leasing, catering to individuals without a Social Security Number.
  • "We are excited to announce that Bridgeton Auto Mall now accepts ITIN for new or pre-owned car purchases and leases," said a Bridgeton Auto Mall spokesperson.
  • To qualify for the ITIN program at Bridgeton Auto Mall, customers must meet certain criteria:
    Only new vehicle purchases are eligible under the ITIN program.
  • For more information about the ITIN program at Bridgeton Auto Mall or to schedule a test drive, please contact Bridgeton Auto Mall directly at (856) 451-0095.

Carrington Mortgage Services Introduces Individual Taxpayer Identification Loans

Retrieved on: 
Giovedì, Aprile 25, 2024

Carrington Mortgage Services, LLC (CMS), one of the nation’s largest privately held non-bank lenders, boasts an impressive slate of loan offerings and services direct to consumers, investors, mortgage brokers and mortgage bankers nationwide.

Key Points: 
  • Carrington Mortgage Services, LLC (CMS), one of the nation’s largest privately held non-bank lenders, boasts an impressive slate of loan offerings and services direct to consumers, investors, mortgage brokers and mortgage bankers nationwide.
  • To add to its diverse lending offerings and to better ensure homeowners, brokers and sellers have all the options they need, CMS is introducing Individual Taxpayer Identification Loans (ITIN) for its retail, wholesale and correspondent lending customers.
  • Although conventional loans require a Social Security Number (SSN) for loan approval, CMS’ ITIN loans offer mortgage financing options for non-U.S. citizens who live and pay taxes in the United States.
  • Although historically, borrowers seeking ITIN loans have sometimes been vulnerable to excessive interest rate loans, the ITIN loans offered by Carrington provide access to homeownership at fair interest rates for mortgages and normal terms.

Lending Enablement Solutions Create a Path to Auto Ownership for ITIN Holders, Open Lending Analysis Shows

Retrieved on: 
Giovedì, Febbraio 22, 2024

Supported by findings from the Filene Research Institute , Open Lending’s data analysis highlights how Lending Enablement Solutions break down barriers for ITIN holders while bringing value to financial institutions.

Key Points: 
  • Supported by findings from the Filene Research Institute , Open Lending’s data analysis highlights how Lending Enablement Solutions break down barriers for ITIN holders while bringing value to financial institutions.
  • ITIN lending helps make auto ownership and credit-building possible for those living in the U.S. without a Social Security number (“SSN”).
  • Lenders can play a major role in opening those doors,” said Kevin Filan, senior vice president of marketing at Open Lending.
  • “Lending Enablement Solutions allow lenders to identify creditworthy ITIN holders who would otherwise be overlooked, and they don’t have to sacrifice a healthy bottom line to do it.

Loan Processing Powerhouse wemlo® Celebrates a Year of Record Growth, Expands Service Offerings with Addition of Five New Supported Lenders

Retrieved on: 
Martedì, Febbraio 27, 2024

BOCA RATON, Fla., Feb. 27, 2024 /PRNewswire/ -- Coming off a record year of growth, wemlo® is making waves in the mortgage industry by providing brokers with a flexible, effective option for third-party loan processing. Since the company's acquisition in 2020, wemlo has helped hundreds of brokers across the United States increase productivity, manage bigger pipelines, and grow their businesses.

Key Points: 
  • Furthermore, the wemlo processing team averaged 20 business days to get a loan from submission to closing, blowing the industry average of 49 days* out of the water.
  • "We strive to offer unparalleled service with industry-leading offerings to help our customers get effective results, fast.
  • That's why we've continued to grow our processing support and expand our service offerings to keep up with the evolving needs of the broker channel."
  • To further expand its service offerings this year, wemlo added five new supported lenders to its roster including Windsor Mortgage, Loan Simple Wholesale, NexBank, Union Home Mortgage, and GMFS Partners.

LOLA, THE AI ASSISTANT FOR IMMIGRANTS, IS HERE TO HELP

Retrieved on: 
Giovedì, Novembre 16, 2023

MIAMI, Nov. 16, 2023 /PRNewswire/ -- Leap Financial, a financial services technology company focused on the specific needs of immigrants and their families abroad, has launched Lola4i.com, an AI assistant that coaches recently arrived immigrants to the U.S. as well all next-gens who may struggle to get fully integrated.

Key Points: 
  • Lola provides answers to questions that recent arrivals may be hesitant to ask in the real world.
  • Lola facilitates faster economic integration for immigrants to become productive, and have a positive impact on our society.
  • Lola can help immigrants unleash their potential by helping them to quickly become economic contributors and active participants in our community.
  • "We are partnering with community organizations, consulates, and fintech companies like h.way to sponsor Lola and help increase its influence," added Lionel Carrasco.

The National Association of Mortgage Brokers Names wemlo® a Service Partner of the Year in 2023 NAMB Recognition Awards

Retrieved on: 
Giovedì, Agosto 31, 2023

BOCA RATON, Fla., Aug. 31, 2023 /PRNewswire/ -- wemlo®, the first third-party mortgage processing solution with an all-in-one digital platform, today announces it has once again been named a Service Partner of the Year for processing by the National Association of Mortgage Brokers (NAMB) in its 2023 Recognition Awards program.

Key Points: 
  • BOCA RATON, Fla., Aug. 31, 2023 /PRNewswire/ -- wemlo ®, the first third-party mortgage processing solution with an all-in-one digital platform, today announces it has once again been named a Service Partner of the Year for processing by the National Association of Mortgage Brokers (NAMB) in its 2023 Recognition Awards program.
  • Loan processing powerhouse wemlo is changing the game for mortgage brokers by combining highly qualified, customer-centric processing talent with easy-to-use technology.
  • "Our mission at wemlo is to combine unparalleled service with industry-leading offerings to help our customers get effective results, fast.
  • To learn more about how wemlo can help mortgage brokerages and loan originators work more efficiently, book a 15-minute demo with a wemlo representative today.

National Affordable Housing Program Arrive Home Announces Executive Leadership Changes

Retrieved on: 
Mercoledì, Agosto 9, 2023

Arrive Home , a national affordable housing program offering emerging credit solutions for responsible borrowers in underserved communities, has promoted two key executives.

Key Points: 
  • Arrive Home , a national affordable housing program offering emerging credit solutions for responsible borrowers in underserved communities, has promoted two key executives.
  • The changes reflect the company’s growth as it connects with mortgage lenders to provide both down payment assistance and its earned equity program to qualified borrowers.
  • Since launching in November 2022, Arrive Home has made a number of inroads with lenders seeking solutions for borrowers who meet FHA guidelines but have been locked out of the housing market.
  • “Arrive Home has made huge strides toward its mission to help borrowers in underserved communities build generational wealth through homeownership,” added Christensen.

wemlo® Expands Third-Party Mortgage Loan Processing Services with Addition of New Loan Products and Lender Partners

Retrieved on: 
Mercoledì, Agosto 2, 2023

BOCA RATON, Fla., Aug. 2, 2023 /PRNewswire/ -- wemlo®, the first third-party mortgage processing solution with an all-in-one digital platform, today announces it has expanded its list of participating lenders and added support for new loan products to provide mortgage brokers a seamless processing experience and empower them to better serve the needs of their borrowers.

Key Points: 
  • Now, wemlo has expanded its catalog of participating lenders with the addition of Acra Lending, First National Bank of America and LoanStream Wholesale Mortgage.
  • The company is consistently adding processing services for new loan products, especially those that help make homeownership more accessible to diverse groups of borrowers.
  • Built with speed, efficiency, and security in mind, wemlo's award-winning loan processing technology seamlessly manages demand, allows for automation, and streamlines communication.
  • To learn more about how wemlo can help mortgage brokerages and loan originators work more efficiently, book a 15-minute demo with a wemlo representative today.

Maza Raises $8 Million To Provide U.S. Immigrants with Financial Identities, Offering Fast Track To The American Dream

Retrieved on: 
Mercoledì, Giugno 28, 2023

LOS ANGELES, June 28, 2023 /PRNewswire/ -- Today, over 15 million immigrants in the U.S., many of which are high earners, are blocked from joining the country's traditional financial system because they lack a Social Security number (SSN). Because of this and other constraints, they are often pushed into non-traditional – and even predatory – forms of finance, such as check cashers, loan sharks, and pawnbrokers. To solve this pervasive problem, Maza, a financial platform designed to provide immigrants with the financial identities they need to realize their American Dream, announces an $8 million seed round led by Andreessen Horowitz with additional participation from SV Angel, Box Group, Restive Ventures, Global Founders Capital, Abstract Ventures, and a collection of independent investors including Anre Williams, CEO of American Express National Bank, and William Hockey, Co-founder of Plaid.

Key Points: 
  • Maza's suite of financial services products offer a gateway to U.S. financial freedom by automating a U.S. tax presence for immigrants.
  • "As descendants of Latin American immigrants, my co-founders and I are building the company our parents needed," said Luciano Arango, CEO and Co-Founder of Maza.
  • Anyone who is seeking to achieve their unique American Dream needs a financial identity, and that's where Maza comes in."
  • With Maza, we believe immigrants can finally forge a solid financial footing to foster a prosperous life in America."