Mortgage underwriting in the United States

John Marshall Bank Hires Graziella Brenneman to Strengthen Small Business Lending Efforts

Retrieved on: 
Tuesday, February 8, 2022
Small Business, Banking, Professional Services, Finance, Bank of America, Mortgage underwriting in the United States, Industry, TD Bank, Miriam College, Multimedia, Assistant, Public sector banks in India, Science and technology in Asia, Association, Capital One, Lists of schools in England, Commercial, Leadership, Washington Metro, Small Business Administration, Professional services, SBA, OTCQB, Health care, Bank, National Association, TD, JMB, View

John Marshall Bank is pleased to announce Graziella Brenneman as Assistant Vice President, Business Banking Manager to strengthen its Small Business Administration (SBA) lending capabilities.

Key Points: 
  • John Marshall Bank is pleased to announce Graziella Brenneman as Assistant Vice President, Business Banking Manager to strengthen its Small Business Administration (SBA) lending capabilities.
  • Before joining John Marshall Bank, Graziella was a Commercial Banking Relationship Manager for Arlington Community Federal Credit Union.
  • Additionally, she previously served in commercial banking manager roles at Capital One, Bank of America, and TD Bank throughout the DC metro region.
  • Adding Graziellas expertise in multiple aspects of commercial banking and loan processes, especially SBA 7(a) loans will further support John Marshall Banks long history of helping entrepreneurs build and expand their businesses, stated Andy Peden, John Marshall Banks Chief Lending Officer.

Liquid Mortgage Issued Patent for Decentralized Systems and Methods for Managing Loans and Securities

Retrieved on: 
Thursday, July 22, 2021
Money, Finance, Loans, Economy, Financial law, Credit, Mortgage loan, Debt, United States housing bubble, Mortgage-backed security, Mortgage underwriting in the United States

DENVER, July 22, 2021 /PRNewswire/ -- Liquid Mortgage has been issued a U.S. Patent for its distributed ledger technology, supporting its vision for the future of debt markets.U.S.

Key Points: 
  • DENVER, July 22, 2021 /PRNewswire/ -- Liquid Mortgage has been issued a U.S. Patent for its distributed ledger technology, supporting its vision for the future of debt markets.U.S.
  • Patent 11,068,978 entitled, "Decentralized Systems and Methods for Managing Loans and Securities," aims to make debt markets more efficient and transparent, while lowering overall ecosystem costs.
  • The patent encompasses a significant portion of the Liquid Mortgage business model, including: creating loan-backed digital assets, multi-signature loan-level blockchain accounts, lender portfolio accounts to hold loan-backed digital assets, borrower payment information and distribution mechanics, and loan balance management.
  • "More than anything, this patent issuance shows we have been thinking outside the box for years to solve issues in an industry significantly lagging in technology," said Ian Ferreira, Founder and CEO of Liquid Mortgage.

Floify Joins Forces with LoanBeam to Provide Additional Loan Automation Solutions to Mortgage Professionals

Retrieved on: 
Tuesday, July 20, 2021
Money, Finance, Loans, Mortgage, Economy, Mortgage loan, Mortgage broker, Loan origination, Personal finance, Mortgage underwriting in the United States, Alt-A

"Floify is excited to integrate with the LoanBeam," said Floify CEO Dave Sims.

Key Points: 
  • "Floify is excited to integrate with the LoanBeam," said Floify CEO Dave Sims.
  • Floify is a digital mortgage automation and point-of-sale solution that streamlines the loan origination by providing a secure application, communication, and document portal between lenders, borrowers, referral partners, and other mortgage stakeholders.
  • Lenders use Floify to collect and verify borrower documentation, track loan progress, communicate with borrowers and real estate agents, and close loans faster.
  • LoanBeam, a subsidiary of Navesink Mortgage Services, is a Dallas-based fintech company specializing in document conversion, data extraction and income calculation.

Advance America: How Much Money Can Car Loan Title Lenders Offer?

Retrieved on: 
Monday, May 10, 2021
Money, Finance, Loans, Economy, Title loan, Collateral, Mortgage underwriting in the United States, Loan origination

b"LOS ANGELES, May 10, 2021 /PRNewswire/ --Borrowers who own vehicles and need quick, easy cash can leverage what's known as an auto title loan (also called a car title loan or simply a title loan).

Key Points: 
  • b"LOS ANGELES, May 10, 2021 /PRNewswire/ --Borrowers who own vehicles and need quick, easy cash can leverage what's known as an auto title loan (also called a car title loan or simply a title loan).
  • Essentially, these types of loans allow the borrower to leverage their car as collateral for a loan.
  • This article will explain how title loans work in more detail and how much a borrower can receive from one.\nHow Do Car Title Loans Work?\nCar title loans use the borrower's car as collateral by giving the lender the title to hold onto during the loan term.
  • A free and clear title is often required by car title loan lenders.\nHow Much Can a Borrower Get from a Car Title Loan?\nAccording to the Federal Trade Commission , car title lenders generally offer 25-50% of the borrower's vehicle's value as a title loan.

Quontic Selects LoanScorecard’s Portfolio Underwriter 

Retrieved on: 
Thursday, March 18, 2021
Money, Finance, Loans, Actuarial science, Underwriting, Financial services, Mortgage loan, Broker, Mortgage, Mortgage underwriting in the United States

IRVINE, Calif., March 18, 2021 (GLOBE NEWSWIRE) -- LoanScorecard , the leading provider of non-agency automated underwriting systems (AUS) announced today that Quontic has selected its non-agency AUS, Portfolio Underwriter, as its non-QM Scenario tool.

Key Points: 
  • IRVINE, Calif., March 18, 2021 (GLOBE NEWSWIRE) -- LoanScorecard , the leading provider of non-agency automated underwriting systems (AUS) announced today that Quontic has selected its non-agency AUS, Portfolio Underwriter, as its non-QM Scenario tool.
  • Quontic is using LoanScorecards technology to equip their broker clients with the tools they need to provide a high-tech, easy-to-use, answer-driven borrower experience.
  • The benefits of using LoanScorecards technology are two-fold: Empowering our broker clients and increasing our operational efficiency.
  • Portfolio Underwriter provides Quontic the ability to deliver immediate feedback of eligibility, pricing and guideline analysis to significantly improve the broker and borrower mortgage experiences and results.

Finicity Releases Comprehensive Mortgage Verification Service for Simpler, Faster Borrowing Experience

Retrieved on: 
Thursday, February 25, 2021
Professional services, Technology, Residential Building & Real Estate, Software, Finance, Construction & Property, Banking, Mortgage industry of the United States, Finance, Loans, Money, Fannie Mae, Economy of the United States, Mortgage loan, Mortgage, Verification, Subprime mortgage crisis, Mortgage underwriting in the United States

While mortgage lending has rapidly moved toward a digital experience, the verification process has largely remained a manual, paper-driven process.

Key Points: 
  • While mortgage lending has rapidly moved toward a digital experience, the verification process has largely remained a manual, paper-driven process.
  • The Finicity Lend Mortgage Verification Service is accepted by both GSEs as a valid demonstration of a borrowers assets, income and employment.
  • Fannie Mae accepts Finicity mortgage verification reports for automated assessment within Desktop Underwriter validation service through Day 1 Certainty.
  • Finicity Lends Mortgage Verification Service will be available across multiple LOS/POS platforms.

Lodasoft Now Offering Single-Click Dual AUS Submissions for Freddie Mac & Fannie Mae

Retrieved on: 
Wednesday, February 24, 2021
Commercial Building & Real Estate, Technology, Construction & Property, Finance, Professional services, Software, Internet, Electronic design automation, Residential Building & Real Estate, Loans, Finance, Money, Economy of the United States, Fannie Mae, Mortgage loan, Loan origination, Mortgage industry of the United States, Mortgage underwriting in the United States

Lodasoft , a Digital Workflow Platform designed by mortgage veterans to revolutionize loan origination and task automation, today announced it is now offering single-click submissions of loan data to both Freddie Mac and Fannie Maes automated underwriting systems (AUS), delivering greater transactional ease and operational efficiency.

Key Points: 
  • Lodasoft , a Digital Workflow Platform designed by mortgage veterans to revolutionize loan origination and task automation, today announced it is now offering single-click submissions of loan data to both Freddie Mac and Fannie Maes automated underwriting systems (AUS), delivering greater transactional ease and operational efficiency.
  • Additionally, the dual-AUS submission and review process will allow lenders to maximize loan fungibility in the secondary market and improve loan quality through automation.
  • By submitting loan data via a single click to both Freddie Mac and Fannie Mae, lenders can see the full view of options available to their borrowers and ultimately deliver an improved experience.
  • Lodasoft is an award-winning and highly acclaimed mortgage task automation software designed by mortgage veterans to enhance productivity and quality.

LoanCraft Collaborates with Freddie Mac to Provide Lenders With a Full-Service Option for Calculating Self-Employed Income

Retrieved on: 
Thursday, January 28, 2021
Professional services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Consulting, Banking, Loans, Money, Finance, Financial services, Mortgage, Mortgage loan, Underwriting, Mortgage underwriting in the United States

LoanCraft, a seasoned innovator in mortgage technology and architect of the LoanCraft income calculation service, a unique full-service approach to calculating borrower income, announced today that their service has been integrated with Freddie Macs automated underwriting system (AUS).

Key Points: 
  • LoanCraft, a seasoned innovator in mortgage technology and architect of the LoanCraft income calculation service, a unique full-service approach to calculating borrower income, announced today that their service has been integrated with Freddie Macs automated underwriting system (AUS).
  • The service uses data from tax returns and other documents to provide an easy-to-use, actionable income report.
  • The integration of LoanCrafts service with Loan Product Advisor asset and income modeler (AIM) for self-employed can offer lenders the assurance of income representation and warranty relief and helps remove the underwriting bottleneck associated with computing self-employed income.
  • Our partnership with Freddie Mac supports of our vision to offer a customizable report that gives stakeholders actionable information at the beginning of the approval process, said Ron George, President and Founder of LoanCraft.

Worldwide Industry for Car Finance to 2027 - Untapped Potential of Emerging Economies

Retrieved on: 
Tuesday, December 29, 2020
Personal finance, Money, Economy, Credit, Automotive industry, Car finance, Credit score, Finance, Financial market, Credit history, Mortgage underwriting in the United States, Credit analysis

Car or automobile finance is a sum of money borrowed by consumers to purchase a car.

Key Points: 
  • Car or automobile finance is a sum of money borrowed by consumers to purchase a car.
  • In addition, car finance depends on various factors such as income, credit score, and credit history of the borrower.
  • Banks, original equipment manufacturers (captive finance), financial institution, and credit unions are some of the major distribution channel providing car finance solutions.
  • The quantitative analysis of the global car finance market from 2020 to 2027 is provided to determine the market potential.

Blue Sage Partners with FormFree to Streamline Lending Process with AccountChek Automated Asset Verification Integration

Retrieved on: 
Tuesday, August 25, 2020
Loans, Money, Finance, Financial services, Mortgage loan, Loan officer, Mortgage underwriting in the United States

ATHENS, Ga., Aug. 25, 2020 /PRNewswire/ -- FormFree today announced the availability of its AccountChek automated asset verification service within Blue Sage 's cloud-based digital mortgage lending platform.

Key Points: 
  • ATHENS, Ga., Aug. 25, 2020 /PRNewswire/ -- FormFree today announced the availability of its AccountChek automated asset verification service within Blue Sage 's cloud-based digital mortgage lending platform.
  • The integration makes it possible for borrowers to verify assets with AccountChek through the Blue Sage Borrower Portal and for loan originators to order reports through the Blue Sage Loan Officer Portal and Retail LOS.
  • Blue Sage has made AccountChek available through its Borrower Portal, Loan Officer Portal and Retail LOS to enable automated asset verification at various stages in the lending process.
  • "We are proud to partner with Blue Sage to give the same secure and modern experience to loan officers initiating the asset verification process."