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United Mortgage

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Blend says mortgages will be available with just one tap on a phone

Palantir Technologies is known for using big data to tackle tough problems like counter-terrorism analysis and measuring financial risk at mega banks. Since 2012, a group of veterans from the Silicon Valley company have taken on an equally daunting task: taking the misery out of the home mortgage process.

The company they founded is called Blend, a startup that sells software to US banks to digitize lending. Getting a home loan can take as many as two months and has traditionally been heavy on paperwork. Blend co-founder Erin Collard says the company’s technology, used in apps at lenders like US Bank and Wells Fargo, has cut the time it takes by about two weeks so far.

Getting a mortgage in a day isn’t legally possible, but Collard says the objective is to bring it down to a couple of weeks. He says the days of paper-based processing of information are coming to an end. “There will be a point where any financial product is easily achieved with a one-tap process,” said Collard, the former head trader at Peter Thiel’s Clarium Capital Management and an advisor to Palantir, where he met Blend’s co-founders. “We are looking into making that possible.

Sierra Pacific Mortgage paying $3.67M to resolve false claims

SACRAMENTO — U.S. Attorney McGregor Scott has announced that Sierra Pacific Mortgage, a national mortgage lender headquartered in Folsom, has agreed to pay the United States $3.67 million to resolve allegations that it violated the False Claims Act by falsely certifying compliance with Federal Housing Administration mortgage insurance requirements in connection with certain loans.

According to the U.S. Attorneys Office, during the time covered by the settlement, SPM participated as a direct endorsement lender in the U.S. Department of Housing and Urban Development’s FHA insurance program.

A “direct endorsement lender,” or DEL, has the authority to originate, underwrite, and endorse mortgages for FHA insurance. If a DEL approves a mortgage loan for FHA insurance and the loan later defaults, the holder of the loan may submit an insurance claim to HUD for the resulting losses.

DELs are required to follow program rules designed to ensure they are properly underwriting and certifying mortgages for FHA insurance and to maintain a quality control program that can prevent and correct deficiencies in their underwriting practices.

I receive a letter from united state mortgage crisis center with hope now bill and they could help should I go

They want to help me reduce my payments but I have to paid them 325.00 and they refinance my house for me should I do it? They contact my current lender and negotiate with them to lower my payments.

Sounds like a scam, you can contact your lender yourself.