ITIN | Jotup

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

Retrieved on:

Thursday, February 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.

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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:

Tuesday, February 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.

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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

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Thursday, November 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

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Thursday, August 31, 2023

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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.

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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:

Wednesday, August 9, 2023

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

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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:

Wednesday, August 2, 2023

Communication, Federal Housing Administration, Catalog, Mortgage broker, USDA, Social Security, FHA, Social, National Association, ITIN, Automation, Real estate

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:

Wednesday, June 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."

UnidosUS Launches HOME Initiative to Create Four Million Latino Homeowners by 2030

Retrieved on:

Wednesday, June 14, 2023

WASHINGTON, June 14, 2023 /PRNewswire/ -- UnidosUS, a nonprofit, nonpartisan Hispanic civil rights organization, has launched HOME (Home Ownership Means Equity), a new initiative that seeks to influence systemic change and catalyze the creation of four million new Latino homeowners by 2030. HOME will address multifaceted challenges Latinos face in trying to buy a home by expanding market opportunities and providing potential homeowners with the resources they need to navigate the home-buying process.

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Today UnidosUS and Wells Fargo launched the HOME initiative which aims to create four million Latino homeowners by 2030.
Wells Fargo is the first anchor funder of the HOME initiative as part of a larger, $25 million philanthropic investment in UnidosUS community-focused programs and nonprofit Affiliate partners to advance Latino homeownership.
Of the $25 million in grant funding, $10 million will support the development of the HOME initiative, matching a $10 million investment from UnidosUS and kick-starting a robust $100 million fundraising effort to best undergird the program's goals over the next seven years.
While Latinos continue to face barriers in becoming homeowners, they also have the greatest opportunity for homeownership growth in the U.S. To maximize this opportunity, we are launching the HOME initiative to help create four million new Latino homeowners by 2030," said Janet Murguía, President and CEO of UnidosUS.

Excite Credit Union Receives $3.1M in Grants to Support Small and Minority-owned Businesses

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Tuesday, May 2, 2023

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As the only CDFI credit union based in Santa Clara County, California, Excite CU is eligible to receive grants to support low-income and immigrant communities, including businesses struggling to recover from the COVID-19 pandemic.

Key Points:

As the only CDFI credit union based in Santa Clara County, California, Excite CU is eligible to receive grants to support low-income and immigrant communities, including businesses struggling to recover from the COVID-19 pandemic.
The grant funding will be used to support start-ups and small businesses, especially immigrant and minority-owned businesses.
“Excite is the community’s credit union committed to providing financial services that support our members and neighborhood businesses,” said Romondo McEachern, Business Banking Manager for Excite Credit Union.
For more Excite Credit Union news and a copy of the annual report, visit https://excitecu.org/media .

Get the Tax Credits You Deserve

Retrieved on:

Thursday, February 23, 2023

Outline, Child, Parent, Multimedia, Social, SSN, Child tax credit, Earned income tax credit, Child tax credit (United States), ITIN, EIC, Employment, IRA, Life insurance, Online shopping

CHICAGO, Feb. 23, 2023 /PRNewswire/ -- Ladder Up ensures clients receive the tax credits they deserve, and often, these credits are significant amounts of money.

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CHICAGO, Feb. 23, 2023 /PRNewswire/ -- Ladder Up ensures clients receive the tax credits they deserve, and often, these credits are significant amounts of money.
Tax credits reduce a client's tax liability.
Some tax credits are refundable, but many are non-refundable.
Certain taxpayers who get less than the full amount of the Child Tax Credit may be entitled to the Additional Child Tax Credit, which is refundable and up to $1,500 per child.