DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/1530282
MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 6 December 2024 M T E C H ANNIEMAC HOME MORTGAGE EXPANDS CASH2KEYS PLATFORM TO PERMIT FHA LOANS A nnieMac Home Mortgage has announced the expansion of its Cash2Keys Cash Offer platform to include FHA loan eligibility, broadening access to competitive cash offers for a larger number of buyers. This expansion enables more clients, in- cluding first-time buyers and those who may not qualify for conventional loans, to benefit from the power of a cash offer. AnnieMac Cash2Keys' home buying and selling platform is a unique cash offer solution that empowers buyers to compete on an equal footing with traditional cash buyers in today's com- petitive housing market. By leveraging AnnieMac Cash2Keys capital, buyers can present a strong cash offer upfront, significantly increasing their chances of success in securing a home. Because Cash Offer can now be paired with FHA financing, the Cash2Keys platform supports a wider range of buyers in achieving their homeownership goals. "At AnnieMac, we understand that VA and FHA borrowers are often sidelined in a market that favors cash and conventional buyers," said Joseph Panebianco, CEO of AnnieMac Home Mortgage. "Our Cash2Keys platform is here to change that, giving first-time homebuyers, Veterans, and underserved borrowers a genuine opportunity to compete. That is why VA financing has been eligible and now FHA financing is eligible as a way to level the playing field, empowering our borrowers to make strong, competitive offers." The Cash2Keys platform stands apart from other cash-offer solutions with three main advantages: • Use Our Cash to Show Sellers Your Offer is Superior: Buyers can make a cash offer and remove their mort- gage contingency without having their own cash. If the buyer cannot close due to a financial reason, AnnieMac Cash2Keys purchases the home and resells it to the buyer for the same price. • Seamless Financing Transition: At closing, the cash purchase smoothly transitions into a mortgage, without disrupting the buyer's financing plans or monthly budget. • Comprehensive Buyer Support: Each Cash2Keys client has a dedi- cated AnnieMac Cash2Keys Home Purchase Coordinator to guide them and their real estate agent through the transaction ensuring a smooth experience from Cash Offer approv- al to closing. This FHA expansion reflects Annie- Mac's dedication to making homeown- ership accessible to a broader audience, providing clients valuable opportunities in an increasingly complex real estate market. OPTIFINOW AND LOAN ORIGINATOR NETWORKS RELEASE INTEGRATION O ptifiNow and Loan Originator Networks, LLC (LON) revealed a new integration that aims to revolutionize how wholesale account ex- ecutives support brokers by streamlining loan scenario requests and pricing. This integration enables account executives to run complex loan scenarios using a range of pricing engines, enhancing the speed and accuracy of loan eligibility and pricing for brokers. OptifiNow's Loan Scenario Tracking Module and LON Pricer Integration The integration combines Op- tifiNow's Loan Scenario Tracking mod- ule with the LON Pricer tool, creating a seamless workflow for account execu- tives to manage broker loan scenarios. By allowing account executives to input loan details and track scenario out- comes, the integration enables instant "At AnnieMac, we understand that VA and FHA borrowers are often sidelined in a market that favors cash and conventional buyers" —Joseph Panebianco, CEO, AnnieMac Home Mortgage