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Vaultedge newsletter - We are going to Vegas!

Vaultedge newsletter - We are going to Vegas!
By Sanat from Vaultedge • Issue #34 • View online
Dear friends, colleagues, and customers,
“There’s a way to do it better-find it.”
                                                          -Thomas Edison (Inventor)
We found a way to do something better, easier, and with 99% accuracy! No, we didn’t find a cure for the deadliest ailment (we don’t possess the skill, knowledge, or expertise). But when it comes to mortgages and loan-closing, our innovation can help underwriters shorten the loan cycle drastically. Vaultedge Income Analyzer doesn’t solve the global economic problem but assesses income for W2 and self-employed borrowers at the click of a button.
Why are we talking about innovations all of a sudden? Why aren’t we talking about beer? April 7th was National Beer Day! Unfortunately, we haven’t created any ode to the wonderful breweries of the nation that craft the most delicious aqua vitae.
Stay with me. Next week Vaultedge will be participating in one of the biggest conferences focused on tech solutions for businesses in real estate finance-MBA’s Technology Solutions Conference &Expo, 2022, Las Vegas.
We are super excited to showcase our latest product, Vaultedge Income Analyzer (VIA) at the MBA Tech 2022, which automates income calculation for both W2 and Self-Employed borrowers. It saves two to four hours of an underwriter’s time for each loan. VIA automatically scans Paystubs, W2s, 1040s, 1099s, Bank Statements etc. to calculate the qualified income for the borrower.
MBA conferences have been giving industry innovators a platform to showcase their latest products or talk about their new services. And just as a proud parent boasts of his/her child’s accomplishment and displays the medals on the wall, we will be exhibiting our latest innovation, VIA at booth #115. Drop in to have a quick look at what we have been brewing all this while, or just to talk about the weather!
The MBA Technology Solutions Conference & Expo, 2022 aims to discuss new and emerging technologies, remote online notarization, cybersecurity, eClosings, and more. The series of sessions will highlight the use of technology and talk about adopting the change. The industry stalwarts will share best practices and key components for technology adoption and explain approaches to ensure tech is used to its fullest potential.  
Most of us are returning to the office, but the progress is slow. CBRE, Dallas, reported the U.S. office market recovery slowed in February for the second straight month as leasing activity declined. The good news, however, is that CBRE said the number of companies actively looking for new space indicates that leasing activity could pick up in the coming months. This is interesting as the effect of the ‘Great Resignation’, hasn’t fully subsided.
While companies are all gung-ho about leasing workspaces, workers are still doubtful. After two years of the new normal (work-from-home) and flexible working pattern, employees are hesitant to fall back into the 40 hours per week in the same high-rise schedule and might start looking for greener pastures.
Have you ever entered an open house and heard a familiar track being played that makes you want to sit on the patio with a cup of tea? Your subconscious might be tricking you into putting an offer down. Or, you can blame it on the music. The National Association of Realtors has created a list of songs that are popular at an open house. In 2015 a group of Australian researchers found that music indeed affected the purchase. Incidentally, the amount of money spent while shopping correlated with hearing music softly playing in the background.
No wonder, you spend hours in a mall and come back home with receipts longer than the tissue paper roll that you had bought last week from the same mall!
Hope your week was as fantastic as mine.
Happy reading!

Return to Office? Still a Work in Progress - MBA Newslink
Fannie Mae incentivizes voucher acceptance by multifamily borrowers | National Mortgage News
FHFA brings foreclosures to a screeching halt for borrowers who applied for Treasury assistance - HousingWire
Surging Interest Rates Push Mortgage Demand Down More than 40% from a Year Ago - MBA Newslink
Bitcoin-collateralized mortgage launched by cryptofinance firm | National Mortgage News
FHA unveils 40-year loan modification option - HousingWire
Did you enjoy this issue?
Sanat from Vaultedge

We write about the future of mortgages, real estate and automation.

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