Lending

From Around the Industry

Why Support Someone Who Is Trying to Put You Out of Business? This came in from Remax today:

RE/MAX strongly believes the role of a real estate agent in the homebuying and selling process is more important than ever. Consumers faced with the largest, most complex financial transaction of their lives should have a knowledgeable professional to guide and advise them. We believe real estate agents provide this essential service to a successful buying and selling experience.

Given Redfin’s recent announcement regarding a program that would encourage buyers not to use agents on listings where the seller is represented by Redfin, we cannot continue with an official, corporate-level relationship at this time. We have begun the process of dissolving our exclusive referral agreement with them beginning today.

The First Step to Rolling Back Regulations? You have to review them before you can roll them back. Today the Consumer Financial Protection Bureau (CFPB) published a notice on how it plans to periodically review regulations under the Regulatory Flexibility Act (RFA) and to request public input. Additionally, the Bureau published a notice requesting public input as part of its first RFA review examining the 2009 Overdraft Rule.

Originators to Client: “Can I Take Over Your Screen”  Key Mortgage Services Inc recently launched glyde, a loan application platform that provides buyers a faster, easier, and more transparent experience. Glyde completely streamlines the process, and enables users to easily complete their application in about 15 minutes from their desktop or mobile device.Buyers can securely upload important documents using the camera on their phone. And, real-time updates are automatically sent to all important parties — the buyer, buyer’s agent, and seller’s agent — involved in the transaction for complete transparency at every step in the process.

Glyde has totally transformed the experience our clients have when they’re applying for a loan,” said Esther Phillips, Key Mortgage senior vice president of sales. “They have the freedom to engage and stay up-to-date with the application process at whatever stage they’re at, whenever they want, and from wherever they want.”

The new platform’s advanced interface also allows loan officers to virtually guide buyers through the process. “Buyers are able to easily navigate the entire application process themselves,” said Steve DiMarco, president of Key Mortgage. “But if they get stuck at any point, our loan officers are able to request permission and log in to see their client’s screen from wherever they are, so they can guide them seamlessly through the steps.”

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