by Verification News | Oct 19, 2018 | News
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. We can get online pretty much anywhere we go and...
by Verification News | Oct 17, 2018 | News
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...
by Verification News | Oct 12, 2018 | News
“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...
by Verification News | Oct 4, 2018 | News
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 their mobile phone or purchasing a house...
by Verification News | Sep 24, 2018 | News
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...
by Verification News | Sep 11, 2018 | News
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 Quicken...
by Verification News | Aug 16, 2018 | News
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...
by Verification News | Aug 10, 2018 | News
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 push the...
by Verification News | Aug 3, 2018 | News
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...
by Verification News | Jul 26, 2018 | News
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...
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