DocMagic Platform Earns MISMO eMortgage Technology Certifications
DocMagic Inc., a provider of compliant loan document generation, automated regulatory compliance and comprehensive eMortgage services, has attained MISMO’s eClosing System and remote online...
Independent Mortgage Banks Experience Production Profit Decrease in Q1 2022
Independent mortgage banks (IMB) and mortgage subsidiaries of chartered banks reported a net gain of $223 on each loan they originated in the first...
Vesta, Asurity Extend Seamless Compliance Monitoring, Verification to Lenders
Under a new partnership, lenders using Vesta’s loan origination platform will be able to seamlessly access real-time compliance monitoring and verify compliance with all...
Lenders One Integrates Snapdocs Digital Closing Technology
Lenders One, a national alliance of more than 250 banks, credit unions and independent mortgage bankers, has added Snapdocs Inc.’s digital closing platform as...
MBA: New Home Purchase Applications Dropped Over 10 Percent in April
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for April 2022 shows mortgage applications for new home purchases decreased 10.6% compared to...
Mortgage Rates Averaged 5.5 Percent Compared to 3 Percent Last Year
Freddie Mac’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage (FRM) averaged 5.25% with an average 0.9 point as of...
Ocwen Financial Chooses Sean O’Neil to Head Global Financial Efforts as CFO
Ocwen Financial Corp., a non-bank mortgage servicer and originator, has appointed Sean O’Neil as executive vice president and CFO, effective June 13.
O’Neil will be...
Embrace Home Loans Taps Mehdi Pirzadeh as Senior Loan Officer, VP
Mehdi Pirzadeh has re-joined Embrace Home Loans as senior loan officer and vice president in the company’s Rockville, Md., office.
Pirzadeh is a top-producing loan...
Cherry Creek Mortgage Adds Rick Hogle as Chief Revenue Officer
Rick Hogle has joined Cherry Creek Mortgage, a nationwide, full-service mortgage lender, as chief revenue officer.
Hogle brings a breadth of experience, proven leadership and...
Mortgage Applications Decrease 11 Percent in One Week
Mortgage applications decreased 11% on a seasonally adjusted basis from one week earlier, according to Market Composite Index data from the Mortgage Bankers Association’s...
DocMagic, Black Knight Streamline Loan Document Generation
DocMagic Inc., a loan document generation, compliance support and comprehensive eMortgage services provider, is integrating Empower, Black Knight Inc.’s loan origination system (LOS) to...
Fiserv, BeSmartee Launch Digital Mortgage Lending Platform
Fiserv Inc., a global provider of payments and financial services technology solutions, has debuted an intuitive digital mortgage lending platform. Digital Mortgage Center from...
Guild Mortgage CashPass Program Enables Homebuyers to Make Cash Offers
Guild Mortgage has introduced CashPass, a new program to help homebuyers compete with all-cash offers in this competitive housing market. The program allows homebuyers...
Panorama Mortgage Integrates Vision Mortgage into Brand Group
Vision Mortgage Group has joined Panorama Mortgage Group (PMG), a multi-brand national mortgage company headquartered in Nevada. Mark Charlton will lead the company as...
Julia Gordon Confirmed as FHA Commissioner
After significant delays, Julia Gordon has been confirmed Assistant Secretary for Housing, Federal Housing Commissioner, Department of Housing and Urban Development.
Gordon was originally nominated...
Otmane Laassel: How Mortgage Lenders Can Serve the Underserved
PERSON OF THE WEEK: As the mortgage industry and its regulators strive to bring homeownership to more borrowers throughout the country, many lenders are...
MBA: Mortgage Application Rate Grew by 2 Percent in One Week
Mortgage applications increased 2% on a seasonally adjusted basis from one week earlier, according to Market Composite Index data from the Mortgage Bankers Association’s...
Strong Job Gains in April, Unemployment Rate Flat at 3.6 Percent
The U.S. economy added 428,000 jobs in April, exceeding expectations, while the unemployment rate remained flat at 3.6%, according to the U.S. Bureau of...
April Figures Show a 3.2 Percent Drop in Mortgage Credit Availability
Mortgage credit availability decreased in April according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes...
Xactus Taps James Owens as Chief Technology Officer
James Owens has joined Xactus, a provider of borrower verification solutions to the mortgage industry, as chief technology officer.
A seasoned IT professional with almost...