News

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

Your Mortgage Application: Underwriting and Loan Approval

Once you submit a mortgage application, it goes into underwriting. But what does underwriting mean? Mortgage underwriters examine your application and documents to approve or decline your application Computers can approve mortgages, but human underwriters must verify that your documents … Read more

A Decade Later: It’s been 10 years since the financial crisis rocked America’s economy

When John Taylor starts remembering the years leading up to the financial crisis, his fury wells up all over again. As president of the nonprofit National Community Reinvestment Coalition, he warned Congress about the predatory and fraudulent lending that was … Read more