Mortgage Collaborative Adds FICO as Educational Partner
The Mortgage Collaborative (TMC), the nation's largest independent cooperative network for mortgage lenders, has added FICO, global analytics software leader, as an educational partner.
This...
MBA: Mortgage Credit Increased Slightly in August
Mortgage credit availability increased 0.1% in August, rising to a score of 104.0 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI).
A...
Clear Capital: Home Price Appreciation Continues to Slow
Home price appreciation continued to slow during the three-month period ended August, according to the Clear Capital Home Data Index.
Nationally, home prices increased 1.1%...
Mortgage Rates Drop Sharply for a Second Week
Mortgage rates plummeted this week, as the average rate for a 30-year fixed-rate mortgage (FRM) dropped 15 basis points to 6.35%, down from 6.50%...
Mortgage Locks Dipped in August as Non-QM Loans Climbed to 8.3 Percent of Originations
Total mortgage lock volume dipped 1.8% in August compared with July as a roughly 10% drop in purchase locks outweighed the strongest month for...
Friday Harbor Joins CHLA as Affiliate Member
Friday Harbor, a provider of AI-driven mortgage underwriting software, reports that it has joined Community Home Lenders of America (CHLA) as affiliate member.
Friday Harbor...
DocMagic Launches New AI-Driven Platform That Unifies Mortgage Production
DocMagic has launched DocMagic One, a new platform for mortgage lenders that brings every critical loan manufacturing step into a single, intuitive platform.
Document preparation,...
MBA: Mortgage Applications Jumped 9.2 Percent Last Week
Mortgage application volume jumped 9.2% during the week ended September 5, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey.
The results include an...
Pennymac Financial Services Adopts Vesta as its LOS
Mortgage lender and servicer Pennymac Financial Services is now using Vesta Innovations’ loan origination system (LOS).
“Our partnership with Vesta is a great example of...
Assurant Launches New Homeowners Insurance Verification Tool, HOIVerify Origination
Assurant Lending Solutions has introduced a new homeowners insurance verification tool for mortgage lenders, HOIVerify Origination.
The API-enabled solution streamlines and automates insurance verification during...
First American Expands Suite of Fraud Prevention Tools Within AgentNet
First American Title Insurance Company has expanded its fraud prevention services so that they are included with every First American transaction, broadening its multi-layered...
FirstClose Promotes Andria Lightfoot to Vice President of Client Success
Andria Lightfoot has been promoted to vice president of client success at mortgage technology firm FirstClose.
Lightfoot has more than 20 years of experience in...
Dismal August Jobs Report Sets the Stage for a September Fed Rate Cut
Only about 22,000 jobs were added to the U.S. economy in August and the unemployment rate crept up to 4.3%, according to the U.S....
Blue Sage Adds New AI Assistant to its Digital Lending Platform
Mortgage technology firm Blue Sage Solutions has launched a new AI Sales Agent that is natively integrated in the Blue Sage Digital Lending Platform.
The...
Friday Harbor Now Integrated With Encompass
Friday Harbor, an AI-powered platform that helps loan officers assemble complete and compliant loan files in real time, is now integrated with the Encompass...
Mortgage Rates Fall, Expanding Affordability
Mortgage rates fell this week, with the average rate for a 30-year dropping to 6.50%, down from 6.56% last week, according to Freddie Mac’s...
Click n’ Close Launches New Product to Help Builders Address Affordability Concerns
Click n' Close, a multi-state mortgage lender, has launched a 5/1 ARM Down Payment Assistance (DPA) product designed specifically to help home builders address...
PennyMac Correspondent Group Expands Non-QM Offerings
The PennyMac Correspondent Group is launching a new suite of non-qualified mortgage (non-QM) products on September 22.
These products will expand access to flexible financing...
Planet Home Lending Expands to Tennessee
National mortgage lender, servicer and asset manager Planet Home Lending is now operating in the state of Tennessee and welcomes Mortgage Loan Officer Corbin...
Mortgage Applications Fell Last Week Despite Dip in Rates
Mortgage application volume decreased 1.2% during the week ended August 29, as the average rate for a 30-year fixed-rate mortgage decreased to 6.64%, down...