Mortgage Credit Availability
Weely Real Estate News

Mortgage Credit Availability Down in November

Mortgage credit availability declined in November, according to data from the Mortgage Bankers Association (MBA). The trade organization’s Mortgage Credit Availability Index (MCAI) dropped by 1.7% to 96.5 last month; the index was benchmarked to […]

loanDepot
Weely Real Estate News

loanDepot Unveils melloNow Underwriting Engine

loanDepot Inc. (NYSE: LDI) has released its melloNow underwriting engine, which is designed to provide conditional loan approval in minutes. According to the Irvine, California-based company, melloNow uses a fully digital verification process to evaluate […]

Upright
Weely Real Estate News

Upright Now Offering DSCR Rental Loans

The Cleveland-based real estate investment platform Upright has begun to offer debt service coverage ratio (DSCR) rental loans available. According to the company – which was previously known as Fund That Flip – the new […]