Outamation Launches New Waterfall Decision Engine for Mortgage Servicers
Outamation has launched a new waterfall decision engine within OutamateMods that delivers automated decisioning across all agencies and investor types, including seamless connectivity to...
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...
Case-Shiller: Home Prices Nationally Continued to Decrease in June
U.S. home prices decreased -0.3% on an adjusted basis in June compared with May but were up 1.9% compared with June 2024, according to...
Decelerating Home Price Growth is Helping Boost Affordability, Giving Buyers an Edge
A deceleration in home price growth combined with rising incomes gave home affordability a boost in June - and it may only be the...
MBA: Homebuyer Affordability Improved in July
Homebuyer affordability improved in July, as the national median mortgage payment applied for by purchase applicants decreased to $2,127, down from $2,172 in June,...
Land Gorilla Taps Ben Sizemore as CIO
Ben Sizemore has joined Land Gorilla, a provider of construction loan management software and services, as chief information officer.
The technology veteran will spearhead the...
Pending Home Sales Dipped in July as Buyers Remain Cautious
Pending home sales decreased 0.4% in July compared with June but were up 0.7% compared with July 2024, according to the National Association of...
Mortgage Rates Edged Back Down This Week as Markets Anticipate Fed Rate Cut
Mortgage rates edged back down this week, with the average rate for a 30-year, fixed-rate mortgage falling to 6.56%, down from 6.58% last week,...
Cloudvirga Adds Admin Portal to Tropos Platform, Giving Lenders Greater Control
Cloudvirga, a Stewart-owned provider of digital point-of-sale platforms for lenders, has added an admin portal for its Tropos borrower platform, giving lenders greater control...
ATTOM: Zombie Foreclosures Up Slightly But Remain Almost Non-Existent
The rate of “zombie” foreclosures increased slightly to 3.38% of all residential properties in foreclosure in the third quarter, according to ATTOM’s latest Vacant...
nCino Introduces AI-Powered Mortgage Document Processing Solution
nCino has introduced Doc Validation, an AI-powered tool that tackles one of the biggest pain points in mortgage origination: document processing.
The typical bank, credit...