Optimal Blue: Total Lock Volume Plummeted in November
Total mortgage lock volume decreased 25% in November compared with October but was up 17% compared with November 2024, buoyed by historically strong refinance...
ACES Makes New Data Export Tool Generally Available
ACES Quality Management, a provider of enterprise quality management and control software for the financial services industry, has announced the general availability of its...
FirstClose Enhances its OMS With Home Equity Fulfillment Capabilities from Stewart
FirstClose has enhanced is order management system (OMS) with expanded home equity fulfillment capabilities from Stewart Lender Services.
Through this partnership, FirstClose OMS users will...
Mortgage Rates Increased Slightly This Week But Fed Rate Cut Helps
Mortgage rates edged up slightly this week, with the average rate for a 30-year fixed-rate averaging around 6.22%, up from 6.19% last week, according...
FOMC Trims Fed Funds Rate a Quarter Point
Although it had limited “available indicators” on which to base a decision, the Federal Open Market Committee voted Wednesday to trim the fed funds...
Mortgage Applications Increased Last Week Despite Higher Rates
Mortgage application volume jumped 4.8% during the week ended December 5, despite a slight increase in rates, according to the Mortgage Bankers Association’s (MBA) Weekly...
Mortgage Credit Availability Increased 0.7 Percent in November
Mortgage credit availability increased in November, rising 0.7% compared with October to a score of 107.5 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...
Optimal Blue Promotes Lanny Rogers to CFO, Jeremy Moreno to CRO
Lanny Rogers III, CPA, has been promoted to chief financial officer at Optimal Blue.
In addition, Jeremy Moreno has been promoted to chief revenue officer...
Mortgage Rates Move Down for a Second Week
Mortgage rates moved down this week, with the average rate for a 30-year falling to 6.19%, down from 6.23% last week, according to Freddie...
FirstClose Hires Alex Sirpis as VP of Sales
Alex Sirpis has joined FirstClose, a provider of data and workflow solutions for mortgage and home equity lenders, as vice president of sales.
Sirpis has a...
Fidelity Direct Mortgage, Absolute Home Mortgage Partner to Achieve Scale
Fidelity Direct Mortgage, an independent mortgage lender serving the Northeast, has entered into a strategic partnership with Absolute Home Mortgage Corporation designed to enhance...
Mortgage Applications Fell 1.4 Percent as 30-Year Dipped
Mortgage application volume decreased 1.4% during the week ended November 28, as mortgage rates fell, according to the Mortgage Bankers Association’s (MBA) Weekly Applications...
FirstClose Taps Adam Nicholson as Director of Professional Services
Adam Nicholson has joined FirstClose, a provider of data and workflow solutions for mortgage and home equity lenders, as director of professional services.
Nicholson has...
Mortgage Delinquencies Decreased in October But Foreclosure Activity Continued to Rise
The U.S. mortgage delinquency rate was around 3.34% as of the end of October, down about 2% compared with September and down about 3%...
Beyond Agile: Why Mortgage Tech Needs its Lean Revolution
BLOG VIEW: When 17 software developers came together in February 2001 to write the Manifesto for Agile Software Development, it changed the way mission-critical...
FHFA Releases Loan Limits for 2026
The FHFA has released its new loan limits for mortgages Fannie Mae and Freddie Mac will acquire in 2026.
The new limit will be $832,750 for...
U.S. Home Prices Increased in September But Regional Differences Are Stark
U.S. home prices increased 1.4% on an adjusted basis in September compared with August and were up 1.3% compared with September 2024, according to...
Mortgage Applications Increased Slightly Last Week Driven by a Bump in Purchase Apps
Total mortgage application volume increased 0.2% on an adjusted basis during the week ended November 21, as rates crept up, according to the Mortgage...
Pending Home Sales Increased in October But Regional Differences Were Notable
Pending home sales increased 1.9% in October compared with September but were down 0.4% compared with October 2024, according to the National Association of...
DocMagic Adds IPEN Capability to Total eClose Platform
Document management software company DocMagic has enhanced its Total eClose platform with a new in-person electronic notarization (IPEN) capability for broader digital closing flexibility.
The...