There are many moving parts when it comes to applying for a loan. Each loan application consists of several stages, such as gathering required information and documents and assessing the applicant’s ...
Mortgage tech firm Candor Technology has expanded its Loan Engineering System (LES) to include Federal Housing Administration (FHA) loans. The company now fully automates underwriting decisions for ...
“A lender, dealer, or broker cannot discriminate on the basis of national origin, but they are allowed to ask about permanent ...
Mortgage technology company Gateless is offering its flagship automated underwriting platform to a new lender. The Loan Store — a wholesale lender based in Arizona — will now use the Gateless Smart ...
This makes it easier for loan underwriters to tell if loan applications were generated with AI, which may be a red flag that they are fraudulent. Underwriters may be able to protect their customers ...
A series of loan underwriters testified Tuesday in the federal mortgage fraud trial of former Baltimore State’s Attorney Marilyn Mosby, providing critical, if expected, evidence for the prosecution’s ...
Recent SBA loan changes usher in a return to stricter underwriting and a more rigorous application process. Many, or all, of the products featured on this page are from our advertising partners who ...
As consumer appetite for new loans continues to decline amid a fluid, but elevated, interest rate environment, lenders are turning to tech partnerships for tools that can help bolster underwriting ...
Loan underwriting standards at the largest U.S. banks declined for the fourth consecutive year, driven by weaker standards in residential real-estate lending before problems with sub-prime mortgages ...
MIAMI--(BUSINESS WIRE)--Rapidio, a pioneer of mortgage underwriting technology, officially introduced its FlexStack Component System™, providing financial institutions with the foundational ...