Loan Engineering System News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 Medicare costs. A major study concluded that older people are easier to catch, offer less resistance, and,...

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 first 10 years. The longer loan term does lower monthly payments, though I received a couple reader co...

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 someone could invent a new mortgage product? There are new things in the land of real estate agents, and...