Articles
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2 weeks ago |
housingwire.com | James Kleimann
Goertzen, the founder of Hispanic Organization of Mortgage Experts (HOME), said in a statement that for many first-generation Americans, homeownership represents more than just buying a house. “It’s a symbol of financial stability, family security, and generational progress,” said Goertzen. “I joined Empower Mortgage because its mission is deeply personal to me.
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2 weeks ago |
housingwire.com | James Kleimann
Jason Bressler, UWM’s chief technology officer, said the wholesaler is one of the first companies to leverage Google’s Gemini Flash 1.5 model to enhance underwriting automation. Underwriters at UWM have already increasing their capacity from underwriting six loans a day to 14 (the industry average is closer to 3 files per day). Bressler said UWM has been working with Google Cloud since it built out its Bolt underwriting platform about four years ago.
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2 weeks ago |
housingwire.com | James Kleimann
A source called with what sounded like big news. One of the bigger players in the wholesale space was soon going to require that all broker LOs be paid as W2s. Doing so would close what he described as the “1099 loophole.”It turned out not to be true (nothing has changed re the tax status of broker LOs, the particular lender said), and I had to hang up because my three-year-old was screaming, and chicken dinner was burning, and well, you know.
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2 weeks ago |
housingwire.com | Jonathan Delozier |James Kleimann
According to the FBI, the altercation started after DeGiorgio’s wife approached a man dancing barefoot at a cruise ship bar and requested that he put shoes on. The man allegedly responded with a “crude remark” and was seen on security footage giving her the middle finger. Shortly after, DeGiorgio allegedly grabbed him by the neck and began choking him on the dance floor. The victim told authorities DeGiorgio threatened to kill him, a claim reportedly corroborated by surveillance video.
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3 weeks ago |
housingwire.com | James Kleimann
“It’s been three years, April Fool’s [was] yesterday and they did not change it,” Ishbia said. “I’m changing them at UWM for everyone. So investment properties, second homes, we’re going to do every one of these loans. I’m not letting any banks or credit unions beat you out on these loans anymore. We’re going to eat the difference on these.
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