Rocket Pro TPO is the first company to raise the national conforming loan limit, up from $766,550 to $802,650. The new limit for Alaska and Hawaii is $1,203,975. Buyers can now access 2025’s limits for conforming loans, which could mean less money down, more cash out, or better pricing for clients who need loans above…
United Wholesale Mortgage rolled out a new technology to give brokers easy access to refinance opportunities. The system, KEEP, sends pre-validated refinance opportunities once mortgage rates shift to meaningfully save borrowers money. UWM says its goal is to help wholesale lenders capture refi opportunities in a saturated market. “In a refi market, you can expect…
Former PNC exec Diana Reid has been selected by Freddie Mac’s Board of Directors to serve as the company’s new CEO. “It is an honor to join Freddie Mac and lead the company as it carries out its vital role in the housing finance market,” Reid said. “I look forward to working with the Board,…
Servicing fintech Haven introduced Haven Wallet, a program that allows lenders to continue interacting with borrowers through the life of the line. Haven Wallet is a turnkey, digital experience that provides borrower engagement opportunities even after the loan is sold, fostering long-lasting relationships between homeowners and originators. It offers the following benefits: Borrowers access a…
Better.com launched a streamlined FHA refinancing program without income verification or appraisal requirements. The program is completely digital and designed to simplify the refi process for qualified borrowers looking to lower their interest rate, shorten their loan terms, and change out of an ARM. The FHA Streamline Refinance is eligible for existing FHA loans that…
Guild Mortgage introduced new reverse finance offerings geared towards seniors who hope to age in place. The company announced Flex Payment Mortgages, a suite of products combining federally-insured HECMs with options for larger loan amounts, plus the reverse mortgage for purchase. Seniors can tap their equity without selling their homes by using the program. Homeowners…
Mortgage tech expert Dan Sogorka has joined Rocket Pro Third Party Origination as its General Manager, the company announced. Sogorka brings extensive experience to the newly created role, which he officially started on September 3. “I’ve spent decades leveraging technology to simplify the complex home financing process. Now, I’m eager to tap into that skillset…
By KIMBERLEY HAAS People with limited English proficiency can get access to mortgage documents in their native language with advancements in technology. Talk’uments is a digital language technology provider that empowers borrowers with interactive loan information. Company leaders recently announced an integration with nCino, a provider of cloud banking for the financial services industry. Mortgage…
By KIMBERLEY HAAS Leaders at United Wholesale Mortgage say consumers save thousands of dollars working with an independent mortgage broker while lawyers in a class action lawsuit continue to present evidence that the company duped borrowers into believing they got the best deal on their home loans. UWM issued a press release on Aug. 28…
By KIMBERLEY HAAS The executive vice president of Rocket Pro TPO has some advice for the broker community as temperatures cool and autumn begins: Ignore the noise. “We live in a world where there’s so much noise out there. I mean, there’s stuff on social media. If you turn on the TV, you hear stuff…
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