Latest news with #RobChrane
Associated Press
22-04-2025
- Business
- Associated Press
43 new assistance programs were added during the first quarter of 2025, expanding support for more homebuyers
- Down Payment Resource's Q1 2025 HPI Report finds 2,509 homebuyer assistance programs available nationwide with an average benefit of $18,000 - ATLANTA, Ga., April 22, 2025 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q1 2025 Homeownership Program Index (HPI) report. The report saw the number of entities offering homebuyer assistance programs increase by 55 year-over-year (YoY). The number of programs increased by 43 during the first quarter, bringing the total number of available programs to 2,509. Down payment assistance (DPA) can be used by lenders to lower a homebuyer's loan-to-value (LTV) ratio by an average of 6%. The average benefit is $18,000. 'Rates are still high and prices keep climbing, but we're seeing expanded program offerings, new providers and greater flexibility in how funds are used — not just for down payments but also to cover closing costs, lower the rate or meet other buyer needs,' said Rob Chrane, founder and CEO of DPR. 'More programs now include manufactured and multi-family homes, opening new paths to affordability and steady income. For lenders, that means more ways to qualify buyers and close loans in a tough market.' KEY Q1 2025 HPI REPORT FINDINGS An examination of the existing 2,509 homebuyer assistance programs on April 4, 2025, resulted in the following key findings: A more detailed analysis of the Q1 2025 HPI findings, including infographics and examples of the programs described in this release, can be found on DPR's website at For a complete list of homebuyer assistance programs by state, visit METHODOLOGY Published quarterly, DPR's HPI surveys the funding status, eligibility rules and benefits of U.S. homebuyer assistance programs administered by state and local housing finance agencies, municipalities, nonprofits and other housing organizations. DPR communicates with over 1,300 program providers throughout the year to track and update the country's wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates (MCCs) and affordable first mortgages, in the DOWN PAYMENT RESOURCE® database. About Down Payment Resource: Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,500 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by seven of the top 25 mortgage lenders, the three largest real estate listing websites and 600,000 real estate agents. For more information, visit X: @DwnPmtResource #downpaymentassistance #affordabilitycrisis #housingaffordability #mortgage #housingequity #downpayment NEWS SOURCE: Down Payment Resource ### MEDIA ONLY CONTACT: (not for publication online or in print) Elizabeth Schroeder Depth for Down Payment Resource 209.774.6555 [email protected] ### Keywords: Mortgage, Down Payment Resource, homebuyer assistance programs, loan-to-value, Q1 2025 Homeownership Program Index report, ATLANTA, Ga. This press release was issued on behalf of the news source (Down Payment Resource) who is solely responsibile for its accuracy, by Send2Press® Newswire. Information is believed accurate but not guaranteed. Story ID: S2P125661 APNF0325A To view the original version, visit: © 2025 Send2Press® Newswire, a press release distribution service, Calif., USA. RIGHTS GRANTED FOR REPRODUCTION IN WHOLE OR IN PART BY ANY LEGITIMATE MEDIA OUTLET - SUCH AS NEWSPAPER, BROADCAST OR TRADE PERIODICAL. MAY NOT BE USED ON ANY NON-MEDIA WEBSITE PROMOTING PR OR MARKETING SERVICES OR CONTENT DEVELOPMENT. Disclaimer: This press release content was not created by nor issued by the Associated Press (AP). Content below is unrelated to this news story.
Associated Press
27-02-2025
- Business
- Associated Press
Down Payment Resource receives ICE Mortgage Technology's 2025 Innovation Award for Technology Partner of the Year
- The recognition highlights DPR's integration with Encompass, which helps lenders connect homebuyers with homebuyer assistance programs - ATLANTA, Ga., Feb. 27, 2025 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry's leading technology for connecting homebuyers with homebuyer assistance programs, today announced that it has been named the 2025 ICE Innovation Technology Partner of the Year by Intercontinental Exchange, Inc. (ICE), a leading global provider of data, technology and market infrastructure. The ICE Innovation Awards recognize industry leaders pushing the envelope by creating extraordinary solutions for housing professionals in partnership with ICE Mortgage Technology. DPR's integration with Encompass® by ICE Mortgage Technology debuted during ICE Experience 2024. Available on the Encompass Partner Connect (EPC) platform via APIs, the integration makes it easier for lenders to support homebuyers with the nation's 2,400-plus down payment assistance (DPA) programs. Using DPA can lower the borrower's loan-to-value (LTV) ratio by an average of 6%, helping more low-to-moderate income (LMI) borrowers qualify for a mortgage. DPR's integration with Encompass embeds operational support for DPA programs directly into core loan production systems, arming lending staff with the information they need to confidently offer and manufacture these programs. Based on declarations and loan application data, borrowers are automatically matched with eligible company-approved DPA programs. LOs are presented with program information, such as benefit amounts and eligibility requirements, so they can advise borrowers on their DPA options and guide them through program-specific processes. Also, program selections are automatically communicated downstream to underwriters by translating program requirements into importable loan conditions, making them easier to manage. 'We are extremely pleased ICE has shined such a bright light on this integration, which addresses a long-standing gap in making DPA program information accessible within the LOS so loan officers can help more borrowers take advantage of DPA opportunities,' said DPR Founder and CEO Rob Chrane. 'As the only partner in the network providing this critical service, DPR is playing a critical role in helping lenders make homeownership more accessible for first-time and LMI buyers.' Encompass Partner Connect enables the integration of key third-party products and services with ICE Mortgage Technology solutions. ICE does not own, control, nor endorse any specific industry participant or the product/service provided. Loan originators and servicers are responsible for vetting, selecting, and contracting with the providers of their choosing. About Down Payment Resource: Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,400 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by seven of the top 25 mortgage lenders, the three largest real estate listing websites and 600,000 real estate agents. For more information, visit X: @DwnPmtResource #downpaymentassistance #homeownership #housingaffordability @icemortgagetech #X25 NEWS SOURCE: Down Payment Resource ### MEDIA ONLY CONTACT: (not for publication online or in print) Johnna Szegda Depth for Down Payment Resource 404.798.1155 [email protected] ### Keywords: Mortgage, ICE Mortgage Technology, Down Payment Resource, fintech, Encompass, homebuyer assistance programs, CEO Rob Chrane, ATLANTA, Ga. This press release was issued on behalf of the news source (Down Payment Resource) who is solely responsibile for its accuracy, by Send2Press® Newswire. Information is believed accurate but not guaranteed. Story ID: S2P124340 AP-R15TBLLI
