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Open Mortgage Names Joe Stephenson President

Open Mortgage, a multi-channel mortgage lender, has named Joe Stephenson its new president. The newly created position will oversee day-to-day mortgage lending operations for the...

LoanLogics Expands Portfolio of Origination Tools with Acquisition of LoanBeam

LoanLogics, a provider of loan quality control and document processing solutions, is acquiring LoanBeam, a provider of income calculation and verification technology endorsed by...

Improving Mortgage Servicing for Borrowers with Limited English Skills

BLOG VIEW: Mortgage industry regulators mandate that lenders and servicers must treat all mortgage borrowers fairly and provide equal access to services regardless of...

New Home Sales Increased Slightly in October but Are Down From a Year Ago

New home sales increased 0.4% in October compared with September but were down 23% compared with October 2020, according to estimates from the U.S....

How Mortgage Lenders Can Engage Consumer-Direct Customers at Scale

BLOG VIEW: Today’s borrower expects the mortgage experience to be timely, customized and digital. So much so that 63% of consumers feel an online...

Mortgage Applications Increased Despite Rising Rates

Mortgage application volume increased 1.8% on an adjusted basis during the week ended November 24, despite a slight increase in mortgage rates, according to...

Mortgage Software Firm Maxwell Taps Sonny Abbasi as General Counsel

Sonny Abbasi has joined Maxwell, a digital mortgage solutions platform serving more than 300 small and midsize lenders across the U.S., as general counsel. The...

Mortgage Coach Now Integrated with First American

Mortgage Coach, a borrower conversion platform empowering mortgage lenders to educate borrowers with interactive presentations that model home loan performance over time, is now...

Ncontracts Acquires the OnSemble Intranet Portal

Ncontracts, a provider of integrated risk management solutions for the financial services industry, has acquired the OnSemble intranet portal from Passageways, Inc. Terms of the...

MISMO Seeks Participants to Help Standardize Pre-Closing Title Document Datasets

MISMO, the real estate finance industry's standards organization, is seeking participants for a new initiative focused on standardizing pre-closing title document datasets in order...

Housing Starts Fell Flat in October as Builders Faced Supply-Side Headwinds

Housing starts were at an annual rate of 1.52 million in October, down 0.7% compared with September but up 0.4% compared with October 2020,...

The Importance of Company Culture in 2022

BLOG VIEW: Company culture has always been important – both for employees and employers. It’s possible that it is even more important now in...

Health of FHA MMI Fund Has Improved Dramatically, Driven by Rising Home Prices

The health of the Federal Housing Administration (FHA) Mutual Mortgage Insurance Fund (MMI) continued to improve in 2021, according to the U.S. Department of...

LoanNEX Now Integrated With Encompass TPO Connect

LoanNEX, a provider of pricing and eligibility technology specializing in non-agency products, is now integrated with ICE Mortgage Technology’s Encompass TPO Connect. The integration gives...

Cherry Creek Mortgage Promotes Watters to VP of Sales at Blue Spot Home Loans

Jody Watters has been promoted to vice president of sales and branch manager at Blue Spot Home Loans, Cherry Creek Mortgage’s consumer direct division. Watters,...

How the Mortgage Industry Can Help Marginalized Communities Achieve Homeownership

BLOG VIEW: It is no secret that homeownership is a large part of the American dream, as it is the primary contributor to successful...

FHA Report to Congress Shows Capital Ratio Remains Above Statutory Minimum

The U.S. Department of Housing and Urban Development (HUD) has released its fiscal year 2021 report to Congress on the financial health of the...

NMI Holdings Promotes Multiple Executives and Announces COO Retirement

NMI Holdings Inc. has appointed Norm Fitzgerald, currently the company’s senior vice president and chief sales officer, as executive vice president and chief sales...

New Mortgage Consultancy Launched by Industry Veteran Brian Hale

Brian Hale, a seasoned mortgage industry executive with over 40 years of experience, has launched a new consultancy business, Mortgage Advisory Partners (MAP). MAP’s focus...

Average Rate for a 30-Year Fixed-Rate Mortgage Dipped Back Below 3 Percent

The average rate for a 30-year fixed-rate mortgage (FRM) fell below 3% for the first time in weeks. According to Freddie Mac’s Primary Mortgage Market...