News

Fannie Mae Identifies New Fake Employers Being Used on Mortgages

Five California companies appear to not actually exist The number of fake employers showing up on borrowers’ mortgages is growing. Earlier this year, Fannie Mae issued a warning to lenders after identifying more than 30 companies that appeared to be fake that were … Read more

5 Tips to Stay Safe Online This National Cybersecurity Awareness Month

These days, so much of our lives happen online. Email is more common than snail mail. Americans are just about as likely to shop online as at a brick-and-mortar store. And more than half of all bills are paid online. … Read more

Bank of America & Wells Fargo Reveal True Impact of Digital Mortgages

Both Wells Fargo and Bank of America rolled out digital mortgage applications this year, and the megabanks revealed Tuesday just how much the programs are already being utilized by mortgage applicants. Hint: A lot. Representatives from Wells Fargo and Bank of America spoke Tuesday … Read more

The Future Is Digital Mortgages

“If you don’t view yourself as a technology company that does mortgages, you’re missing it.”—Bill Emerson, Vice Chairman, Quicken Loans That quote encapsulated this week’s third annual Digital Mortgage Conference in Las Vegas. To compete in the next decade, brokers … Read more

Home Buying Goes High-Tech As Millennials Become Largest Real Estate Buyers

Home buying has gone high tech and the market has millennials and fintech companies to thank. Rewind a few years and most people shopping for a home would scoff at taking a virtual reality tour, applying for a mortgage on … Read more

IRS Redesigns Tax Transcript to Protect Taxpayer Data

Moving to better protect taxpayer data, the Internal Revenue Service has introduced a new format for individual tax transcripts that will redact personally identifiable information from the Form 1040 series. This new transcript replaces the previous format and will be … Read more

Closing the Digital Mortgage Gap

It’s been nearly three years since a watershed moment propelled the concept of a digital mortgage into the public consciousness and sent the industry into a frenzy of innovation and investment. That moment, a 60-second commercial during Super Bowl 50 for … Read more

Fake Employer Mortgage Fraud Widespread in California

A mortgage scam in California where fraudsters provide fake employer information on loan applications is more widespread than originally suspected, Fannie Mae said in a new fraud alert. Fannie warned lenders about the scam in May, when it was first identified in … Read more

Partnerships abound as mortgage industry continues digital revolution

Here’s the latest round of couplings As the mortgage industry moves forward into its digital future, more and more companies are partnering up to help accelerate that transition. Here’s a look at the latest round of companies working together to … Read more

Thinking of implementing new mortgage tech? Here’s how long it takes

As mortgage lenders move toward digital mortgages and increased technology, many were shocked at how long it takes to fully implement the tech. A joint survey conducted by HousingWire and Maxwell, a winner of HW’s Tech100 for the second straight year, showed that … Read more