Loan Engineering System News Today

Candor Technology, a mortgage AI technology firm, announced this week that it has unveiled its latest product feature, Candor Pre-Check.

A friend out in California asked me how much, on average, I spend on a bottle of wine. I replied, “About half an hour.” Plenty of wine is being consumed while watching Yellowstone and 1923, and while all the women are ogling Spencer Dutton in 1923, in some non-mortgage news to save the economy the Secretary of Homeland Security will announce next month that the Immigration and Customs Enforcement will start deporting seniors (instead of illegals) to lower Social Security and Medica...

It models an underwriter and forensic auditor's thinking process

Whether it is independent mortgage banks or companies with the largest market caps in the world, new products are being developed and rolled out to help drive growth. Apple unveiled new iPhone models, versions of the AirPods Pro, and several smartwatches yesterday. Closer to home, lenders are also exploring new products to drive volume. Newrez announced a 40-Year IO option, designed to increase purchasing power for homebuyers by offering a 40-year loan term with interest-only payments for the fi...

Florida is the source of a sizeable percentage of home loans and fine lenders, as well as plenty of “Florida Man” stories. (Don’t read if easily offended.) I head to Orlando this morning, where (unlike this week’s rain and lightning) there are an average of 233 sunny days per year, in addition to the FAMP event this week. Speaking of sunny days, if they can make a car paint that can “heal” scratches by being out in the sun, wouldn’t you think some...

Please answer the short questionnaire at the end of the Commentary. Okay, just kidding. I have grown to really dislike a survey request after I stay at a hotel, fly somewhere, or fill up at the gas station. But for brokers who wouldn’t mind providing a little input, a fintech company that I know of is looking for “a preferred tech stack.” Brokers who wouldn’t mind shooting me a quick email (anonymous, just replying to this commentary) listing your preferred technology...

At the Ides of March, inflation is pervasive. Today rumors are swirling that Tom Brady ended his retirement because of not being able to afford to retire given the price of gasoline (more in Capital Markets section below), and I head to the home of Holiday Inn: Memphis, Tennessee. (Yes, the title of the song is a little misleading; it spot-on focuses on Tennessee.) Millions in China have re-entered COVID lockdown, once again impacting the supply chain. Russia continues to batter Ukraine, with ...