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 spoke Tuesday … Read more →

“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 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 →

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 →

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 →

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 →

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 →

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 →

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 →

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 →