Arc Home LLC is now offering its proprietary Access Non-QM and Elite QM Non-Agency products to select delegated correspondents. These products are designed to meet the needs of high-quality borrowers who fall outside the parameters of a traditional jumbo loan product or require alternative income documentation options. The Arc Access Suite includes non-QM features and offers products such as 12- to 24-month bank statement, debt-service-coverage ratio (DSCR), Agency Plus and Clean Slate options.
CMG Financial announced the addition of a new branch in Chattanooga, Tennessee. The new location, headed by branch manager Janet Hillis Reimann, will bring the company’s total number of branches in Tennessee to 20.
Guaranteed Rate announced that it now offers its Rate.com website and digital mortgage application in Spanish. Clients can now choose a Spanish-language version of the company’s website and digitally apply for a mortgage in Spanish. These moves will allow Spanish speakers to better understand the mortgage process and do so with the same convenience and efficiency as English-speaking borrowers. By the end of 2022, Guaranteed Rate is working to expand client-facing communications, offer Spanish-language disclosures and agreements, and feature an end-to-end mortgage origination experience in Spanish.
Appraisal management software company Reggora announced that it has entered into a strategic partnership with valuation fintech Clear Capital. The new partnership will integrate Reggora’s appraisal management platform with Clear Capital’s ClearCollateral Review (CCR) appraisal review application. According to a statement from Reggora, this “further accelerates appraisals by making the review process significantly more efficient. … This partnership allows lenders to centralize the review process and access more than 500 property data points from 12 sources in one place and complete the appraisal faster.”