Industry Briefs Oct. 30, 2023

HUD Updates Multifamily Disaster Preparedness Plan Template

The U.S. Department of Housing and Urban Development announced an update to its Multifamily Disaster Preparedness Plan Template, which aims to help HUD-assisted multifamily owners and public housing authorities produce property-specific plans to protect resident life and safety during a disaster.

HUD says it draws on best practices for disaster and evacuation planning and can provide resources for users to learn more.

It is organized around four key elements to disaster planning: background, staffing and coordination; resident protection and safety; building protection; and business continuity.

Stephen Thomas Launches FutureWave Finance

FutureWave Finance, Chicago, has launched. Stephen Thomas is President and CEO.

A minority-owned national correspondent lender, FutureWave Finance will partner with investors to serve the needs of lenders by offering a product suite intended to drive the future of the mortgage industry and expand home ownership nationwide.

Thomas was previously Senior Managing Director of Mortgage Capital Markets at the Federal Home Loan Bank of Chicago, with almost 30 years of experience in the industry.

“Lenders need a product-focused approach to grow their residential mortgage business as we are undergoing a secular shift from the rate-driven refinance market that dominated the industry for most of our careers,” Thomas said. “We are using our vast resources, infrastructure, technical knowledge, and numerous industry relationships to partner and deliver a wide variety of mortgage loan products–with expert pricing–to service that need.”

Insellerate, Finastra Partner

Insellerate, Newport Beach, Calif., announced an integration with the Finastra, London, MortgagebotLOS and Originate solutions.

It introduces a fully integrated CRM and marketing automation solution tailored for community banks, lenders and credit unions.

“We are excited to partner with Finastra to deliver modern CRM and marketing automation to the entire Finastra Mortgagebot customer base,” said Josh Friend, CEO of Insellerate. “Finastra has a long history of delivering innovative solutions to its customers. With this integration, we are taking customer outreach and marketing to new heights, offering an all-in-one platform that empowers users to create exceptional, personalized marketing content effortlessly.”

Down Payment Resource Highlights Native American Homebuyer Assistance Programs

Down Payment Resource, Atlanta, announced it is highlighting 42 homebuyer assistance programs across 14 states specifically designed to support Native Americans, in recognition of Native American Heritage month in November.

Native American homeownership statistics trail white Americans, and there are numerous obstacles to homeownership, Down Payment Resource said.

The analysis delves into features such as eligibility requirements, financial assistance ranges, income requirements, availability, program types and whether they’re forgivable.

Citizens Bank Taps nCino Products

nCino, Wilmington, N.C., announced Citizens Bank, Providence, R.I., chose to adopt multiple nCino solutions.  

The products include nCino’s Commercial Banking Solution, Portfolio Analytics Solution, and the Mortgage Suite formerly known as SimpleNexus. nCino recently completed its integration of the SimpleNexus brand into its larger Mortgage Suite.