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Citizens Bank to exit the wholesale channel

Rhode Island-based Citizens Bank has decided to close its wholesale channel, which produced about $1 billion in origination volume in the first half of 2023.

Total Expert, Polly aim to help a lender identify customer opportunities faster

Mountain West Financial aims to identify lending opportunities faster through Total Expert's customer intelligence and Polly's PPE.

Mountain West Financial Deploys Total Expert and Polly as Its New, Modern Customer Engagement and Lending Foundation

Mountain West Financial Deploys Total Expert and Polly as Its New, Modern Customer Engagement and Lending Foundation
tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.

Mountain West Financial Deploys Total Expert and Polly as Its New, Modern Customer Engagement and Lending Foundation

Mountain West Financial Deploys Total Expert and Polly as Its New, Modern Customer Engagement and Lending Foundation
lelezard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lelezard.com Daily Mail and Mail on Sunday newspapers.

Housing News, Appraisal, Broker Pricing, LOS to G/L Automation Products; FHA, USDA Program News; Renter Data

Inflation and price increases can be widespread and impact many, like gasoline or flour, or can be very specific and impact only a small portion of the population, like guitar strings or limoncello. Continued rent increases impact many, not the least of which are the roughly 50 million tenants themselves along with their potential loan originators who could help them finance a house. Word has it that owners stay in their homes 13 years, although this source says 16 years, whereas tenants stay in their rental about 3 years for a house and 2.5 years for multi-family/apartments. There is a lot of hope being placed by lenders in tenants who move into ownership, as volume stinks. According to Curinos, August 2023 funded mortgage volume decreased 26 percent YoY and increased 8 percent MoM. In the Retail channel, funded volume was down 31 percent YoY and up 8 percent MoM. The average 30-year conforming retail funded rate in August was 6.82 percent, 13bps higher than July and 124bps higher tha

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