Mortgage technology company Gateless is offering its flagship automated underwriting platform to a new lender. The Loan Store — a wholesale lender based in Arizona — will now use the Gateless Smart ...

FHA is reversing an earlier decision to remove the rule requiring manual underwriting for mortgages with credit scores below 620 and a ratio of debt to income above 43 percent. The decision, conveyed ...

A home may be the largest purchase you'll ever make, so it shouldn't come as a surprise that a financial institution will want to verify that you can afford it – now and in the future – through the ...

The majority of mortgage applications are processed with automated technology, but lenders can use manual mortgage underwriting for more complex financial situations. If you have a limited credit ...

Anytime you apply for a mortgage, you can expect someone to dig fairly deep into your financial situation. After all, the mortgage lender has to confirm you meet the criteria for the home loan you ...

Former NASA Rocket Scientist and current CEO of Candor Technology, Tom Showalter, applied his skills and knowledge to solve long-standing problems in the mortgage industry. “Does it make sense?” ...

Explore Fannie Mae Underwriting Guidelines – their pivotal role in the U.S., including key components, benefits, drawbacks, ...

When applying for a mortgage, lenders typically use one of two methods for underwriting: automatic or manual. Manual underwriting often offers higher acceptance rates for applicants with complex ...

When you apply for a mortgage loan, you’re asking to borrow money from a lender. Lenders use the mortgage underwriting process to assess how risky it is to provide you with that loan. In the same way ...

Mortgage tech firm Candor Technology has expanded its Loan Engineering System (LES) to include Federal Housing Administration (FHA) loans. The company now fully automates underwriting decisions for ...

Now that the Consumer Financial Protection Bureau has vowed to remove an unpopular measure of loan affordability in its mortgage underwriting rule, the million-dollar question is: What alternative ...

The Federal Housing Administration (FHA) is cracking down on riskier mortgages. The agency will put a larger share of mortgages through a more strenuous, manual underwriting process, after telling ...