Jeffrey Flory, CMB, AMP

Defect rate declines 19.18% year-over-year, illustrating the vast improvement in lenders' loan quality efforts. "Building on the gains made in late 2022, mortgage lenders improved loan quality in both Q4 2023 and for the year overall," said ACES Executive Vice President Nick Volpe. VIEW REPORT: https://bit.ly/4esEmPp Notable findings include: -The overall critical defect rate declined 8.38% ending the quarter at 1.53%. -The overall rate for CY 2023 was 1.68%, down 19.18% from CY 2022. -Income/Employment continues to lead all defect categories. -The sub-category analysis for both Q4 2023 and CY 2023 showed a tremendous increase in Calculation/Analysis-related errors for the Assets category #mortgageqctrendsreport #mortgageqc #mortgagequalitycontrol #acequalitymanagement #mortgageqctrends #acequality

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Revolutionize your mortgage marketing game with Tabrasa One: Everything you need, all in one place! 💪⚡️ Discover the advantage of three products combined into a single platform, now featuring the Tabrasa One Mobile App for unmatched accessibility. Dive in at tabrasa.io

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June 2024 - Mortgage Rules Issue Released! The Rules Issue is the EASY & FAST way to catch up on Guideline Changes! Our Experts Read the Bulletins, Then Bottom Line it for you! ✔ 9 NEW Agency Updates ✔ 2 NEW All Agency Comparison Charts - FHA Self Sufficient Test & USDA Updates Old vs. New ✔ 4 Charts w/Investor Overlays Added to Agency Comparison Charts ✔ 2 NEW Social Media Posts ✔ Multiple Updated Charts - See Our 'Latest Updates' Section Updates Include – * Fannie Mae Guidelines Updates - Builder Forward Commitments & IPCs * Fannie Mae & Freddie Mac Release Annual AMI Limits for Affordable Programs * Fannie Mae Bulletin - HomeView Program and Tips to Expand Your Buyer Leads * Freddie Mac Bulletin - FAQs on Stable Employment - Some Interesting Guidance You May Not Have Known! * Fannie Mae & Freddie Mac - DU/LPA Release Notes * Freddie Mac Guideline Updates - Important Information About Flood Insurance & DTI * CFPB - Request for Information on Mortgage Loan Closing Costs Fees - Make Your Voice Heard! * FHA - New Policy for Cybersecurity Breaches Subscribers can find the "Rules Issue" under "Current Issue" on our site. Use the "Past Rules Issue" link to find Archived Rules' Issues. Keeping You Smarter Than the Competition By Simplifying the Complicated! www.mortgageguidelines.com

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ACES Compliance NewsHub Weekly Roundup: July 25, 2024 SUBSCRIBE: https://bit.ly/4bTMCFL FROM THE DESK OF ACES EVP OF COMPLIANCE, AMANDA PHILLIPS: Lenders Must Implement QC Standards for AVM PAST DEADLINES: FHFA Issues Final Rule Regarding Fair Lending, Fair Housing, and Equitable Housing Finance Plans | Guaranteeing VA Loans with Veteran-Paid Buyer-Broker Charges TOP NEWS: ​​​​​​Freddie Mac Mortgage Rates Continue to Fall | MBA: Share of Mortgage Loans in Forbearance Increases to 0.23% in June | Freddie Mac Multi-family’s 2024 Midyear Outlook Forecasts Low Rent Growth Amid High-Supply Headwinds | VA Circular 26-24-15 Guaranteeing VA Loans with Veteran-Paid Buyer-Broker Charges | Agencies Finalize Interagency Guidance on Reconsiderations of Value for Residential Real Estate Valuations | ​​​​​​Fannie Mae Desktop Underwriter/Desktop Originator Release Notes DU Version 11.1 August Update | Freddie Mac August 2024 Loan Product Advisor Release | FHA INFO 2024-47: HUD Proposes Updates to Debenture Interest Rates for Home Equity Conversion Mortgage Claims #mortgagecompliance #mortgageqc #mortgagequalitycontrol #acesqualitymanagement #compliancenewshub #mortgagecompliancenews

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Looking for the best deal on your next car loan? Follow these 5 essential tips and make sure you're driving away with a great deal. Whether it's your first car or your next, Sierra Car Loans has the options you need. Let's get you behind the wheel, stress-free! Visit www.sierracarloans.com.au to get started. #CarLoanTips #PersonalCarFinance #BestCarDeals #FinanceYourWay #FlexibleLoans #BudgetSmart #DriveWithConfidence #LoanAdvice #AussieCarLoans #SmartCarBuyers

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If you are a mortgage company, this CRM is going to blow your mind! Listen to our CEO, Tim Armbruster, quickly explain LoanForce and how it can help with the optimization of the mortgage process. Listen to Tim here and visit https://lnkd.in/eMSBCwX4 for more information. #business #businessintelligence #grindanalytics #data #datacollection #dataanalytics #machinelearning #artificialintelligence #operations #businessoperations #CRM #clients #technology #IT #growth #AI #solutions #Csuite #Fortune500 #tech #executives #decisionmaking #development #developers #consulting #mortgage #lending #insurance #applications #datasecurity #riskmanagement 

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The top five producers with the largest jumbo loan volume had an average dollar volume of more than $99 million in 2023. Read here for more about the dollar volume of the top 20 producers. #mortgage #topproducers

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🤔Did you know that at Open Mortgage, we offer LOW and NO ratio DSCR options?😱 That's right - where other lenders shy away from sub 0.75 ratios, we embrace them! 📉 We offer as low as 0.75 ratio with a 680 FICO, and can even do no ratio up to 75% LTV.⬇️ Between our DSCR and DSCR Plus programs, we have many options available for your borrowers to take advantage of: ARMs, Interest-Only, 40-Year Terms, loan amounts up to $3,000,000, and more! #OpenMortgage #HomeownershipGoals #DreamBig

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📢 Industry News Alert! 📢 The Federal Housing Finance Agency (FHFA) has announced a groundbreaking update: Fannie Mae and Freddie Mac are releasing historical VantageScore® 4.0 credit scores for loans from April 2013 to March 2023! This move aims to help lenders transition to updated credit score models, making credit more accessible and sustainable for consumers. #MortgageNews #CreditScores #FHFA #FannieMae #FreddieMac #VantageScore #HomeLoans #PresidentialBankMortgage #IndustryNews

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Mortgage execs are on alert as lower rates impact servicing portfolios and market dynamics. Recent fluctuations have seen rates drop into the high 5s, sparking both opportunities for refinancing and challenges for lenders. If you're considering your options, now might be a great time to explore new possibilities. Interested in how these changes could benefit you? Reach out to a local real estate professional today! #REMAXProfessionalsSelect #RealEstate #RealEstateAgent #Illinois #REMAX #MortgageRates #Refinance #HousingMarket #FinancialTrends #mortgagestrategy

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Bill Packer and team are correct! See my post from earlier this year for source data and further details. https://lnkd.in/gyVExG38 Interested in serving more borrowers? Have the right capabilities and then dig into this actionable data! HousingWire National Reverse Mortgage Lenders Association (NRMLA) Reverse Mortgage Daily OneTrust Home Loans #Mortgage #reversemortgage #underserved #retirement #lending

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1 Comment

Orion Lending's Non-Agency Program only calls for one appraisal for loan amounts less than $2 million, differentiating us from most lenders who require 2 appraisals if the loan amount is greater than $1.5 million. • One Appraisal Required if Loan Amount < $2 Million and LTV > 65% • Titan Flex Program includes Alternative Documentation Types for Self-Employed Borrowers and Wage Earners Alike • Doc Types include CPA P&L, Bank Statement, Asset Utilization, and Express Doc • Appraisals with a CU score of 2.5 or Greater will Require a CDA • Max Loan Amount $3.5 Million •  Minimum FICO 660 • Max DTI 50%

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Orion Lending's Non-Agency Program only calls for one appraisal for loan amounts less than $2 million, differentiating us from most lenders who require 2 appraisals if the loan amount is greater than $1.5 million. • One Appraisal Required if Loan Amount < $2 Million and LTV > 65% • Titan Flex Program includes Alternative Documentation Types for Self-Employed Borrowers and Wage Earners Alike • Doc Types include CPA P&L, Bank Statement, Asset Utilization, and Express Doc • Appraisals with a CU score of 2.5 or Greater will Require a CDA • Max Loan Amount $3.5 Million •  Minimum FICO 660 • Max DTI 50%

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“The goal isn't just to improve LoanPro as a product and company, but to improve the lives of all those who work here.” 💜 We follow 12 principles that are centered on the growth and development of each individual team member as we build LoanPro. Learn more about LoanPro and our core values & beliefs here: https://lnkd.in/geh4Qe6D

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When asked who Optimal Blue trusts to determine how and when to innovate with AI-powered solutions, CEO Joe Tyrrell puts it simply: “It's always the same source. It's our customers.” Hear more about how Joe is leading Optimal Blue in its mission to help lenders maximize profitability through the recent launch of AI assistants and more in today’s episode of the #ChrismanCommentary podcast with Robbie Chrisman. Listen to the full episode of Chrisman Commentary here: https://lnkd.in/eZeWQ_nR Follow Optimal Blue for the latest from the capital markets industry leader. Rob Chrisman #OptimizeYourAdvantage #AI #MaximizeProfitability

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