Seamless Integration of LoanBeam and Fannie Mae Income Calculator Revolutionizes Income Assessment for Self-Employed Borrowers, Enhancing Efficiency, Compliance, and Confidence for Lenders Nationwide. JACKSONVILLE, Fla., October 28, 2024 – LoanLogics, a recognized leader in loan quality technology for mortgage manufacturing and loan acquisition, is thrilled to announce the integration of its LoanBeam Income technology with Fannie Mae’s Income Calculator. This collaboration…
Tag: Mortgage Lending
Digital Labor is a Workforce Waiting to Be Exploited
The mortgage industry has gone digital, in parts. Full adoption has been curtailed because operationalizing digital labor takes concentrated care and feeding to truly realize the full value this workforce can bring to your business. Without it, automation will continue to be applied here or there, change management will remain a struggle and where you are using digital labor will…
Practical Applications for Machine Learning, Today and Beyond
LoanLogics is often asked for specific examples of where machine learning can make impact along the mortgage value chain and of course, as a regtech provider, we have found practical application in loan quality management. Early application of machine learning technologies are being used for the creation of verified, validated data (or what we’ve termed “purified data”), that powers…
Millennials Mortgage Process | Part 5: Emotional Closure on Initial Disclosure
Welcome back to the series, Millennials Mortgage Process! Buckle up for this post, because initial disclosures, mortgage paperwork, and loan estimates are certainly a bumpy ride. “Initial disclosures are the preliminary disclosures that must be acknowledged and signed in order to move forward with your loan application. These disclosures outline the initial terms of the mortgage application and also include federal and state required mortgage disclosures.” Initial disclosures are terrifying.…
Millennials Mortgage Process: Part 4 | Start Your (Pricing) Engines…
Welcome back to the series, Millennials Mortgage Process! In this post, I’ll give you a glimpse into the hectic first steps of the mortgage process, and just how quickly the pre-approval process takes in today’s digital mortgage world. My fiancé and I officially started to look at houses. We were using Zillow to find houses/townhomes/and neighborhoods that were…
Millennials Mortgage Process | Part 3: There’s an App for That!
Welcome back to the series, Millennials Mortgage Process! Today’s topic is about the best thing smartphones have given us in the last few years: Apps! There are a lot of different Apps to use when searching for and buying a home. Here’s a short list of the most helpful Apps I’ve been using for the past year: Zillow– I started…