U.S. Labor Market Remains Strong With 151,000 Jobs Added in February
About 151,000 new jobs were added to the U.S. economy in February, slightly below what had been forecast, while the unemployment rate was basically...
Floify Hires Sol Klein as Head of Client Experience and Business Operations
Sol Klein has joined Floify, which offers a point-of-sale (POS) solution to the mortgage industry, as head of client experience and business operations.
Klein is...
Mortgage Rates Fall for a Seventh Consecutive Week
Mortgage rates fell for a seventh consecutive week, with the average rate for a 30-year fixed-rate mortgage dropping to 6.63%, down 13 basis points...
Jeff Gentry: How Lenders and Servicers Can Streamline Their Credit Reporting Processes
PERSON OF THE WEEK: Credit reporting is a critical business function for both mortgage lenders and servicers, as it is the main way they...
Pending Home Sales Falling Through at Record Rates as Buyers Recoil From Sticker Shock
One in seven pending home sales in the U.S. are getting canceled, the highest share on record for this time of the year, due...
MMI Names Kortney Lane-Schafers Vice President of Growth and Client Advocacy
Kortney Lane-Schafers has been promoted to vice president of growth and client advocacy at Mobility Market Intelligence (MMI), which offers data intelligence and market...
Rate Names Shant Banosian President of Rate Mortgage
Shant Banosian has been named president of Rate Mortgage.
Banosian will partner with Victor Ciardelli, CEO and president of Rate Companies, to help take Rate...
Mortgage Applications Surged 20 Percent Last Week as Rates Fell
Mortgage application volume surged 20.4% during the week ended February 28, as the average rate for a 30-year fixed-rate mortgage dropped to 6.73%, down...
Cloudvirga Announces Enhanced Integration Between Horizon Retail POS and Encompass Partner Connect
Cloudvirga reports that it has completed an enhanced integration for its Horizon Retail POS product and Encompass Partner Connect, the latest API framework for...
Xactus Teams With FICO to Bring New FICO Score Mortgage Simulator to Market
Xactus, a provider of verification solutions to the mortgage industry, is partnering with FICO to bring the new FICO Score Mortgage Simulator to market.
“We...
TransUnion and Truework Enhance Their Integration
TransUnion has enhanced its partnership with Truework, an income and employment verification provider, to give mortgage lenders more encompassing and reliable access to the...
FirstClose Hires John Aslanian as Chief Revenue Officer
John Aslanian has joined FirstClose, a provider of data and workflow solutions for mortgage and home equity lenders, as chief revenue officer (CRO).
Aslanian has...
Mortgage Cadence Launches Ready-to-Use, Pre-Configured LOS
Mortgage Cadence, an Accenture company, has launched MCP Essentials, the latest version of its Mortgage Cadence Platform (MCP).
This ready-to-use, pre-configured loan origination system (LOS)...
ATTOM: Mortgage Origination Volume Fell 3 Percent During the Fourth Quarter
About 1.64 million residential mortgages were issued in the U.S. during the fourth quarter - a decrease of 3% compared with the third quarter...
Embrace Home Loans Hires Donny Panasis to Head Viera, Florida Branch
Mortgage veteran Donny Panasis has joined Embrace Home Loans as branch manager of its Viera, Florida office, where he and his team will originate...
AI-Driven Fraud Poses a Serious Threat to the Mortgage Industry
Artificial intelligence is beginning to play a positive role in the mortgage origination process - from applications to verifications to valuations to closings and...
A&D Mortgage Securitizes Pool of 1,290 Loans
A&D Mortgage, a provider of non-QM and residential mortgage-backed securities (RMBS), is has launched its latest securitization, a $458.93 million transaction backed by a...
Westcor Land Title Insurance Company Promotes Bettina Arthur to VP, Sales Enablement
Bettina Arthur has been promoted to vice president of sales enablement at Westcor Land Title Insurance Company.
Arthur has more than 30 years of diverse...
MBA: Homebuyer Affordability Decreased in January
The average monthly mortgage payment applied for by purchase applicants increased to $2,205 in January, up from $2,127 in December, indicating that home purchases...
Mortgage Rates Fall to Lowest Level in Two Months
Mortgage rates dropped for a sixth week in a row but the average rate for a 30-year still remains just below 7%.
According to Freddie...