What Does ‘Innovation’ Mean to the Mortgage Industry?
BLOG VIEW: Innovation is a powerful word. In the mortgage industry, if vendors don’t espouse it, they often can’t get past the initial RFP.
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SimpleNexus Taps Richard Jackman as VP of Marketing
Richard Jackman has joined SimpleNexus, which offers a digital mortgage platform for loan officers, borrowers, real estate agents and settlement agents, as vice president...
Loansifter Product, Pricing and Eligibility Engine Gets An Update
Black Knight Inc. has rolled out a new version of its Loansifter product, pricing and eligibility engine (Loansifter PPE) that includes a modernized user...
Blue Sage Solutions Gets Capital Infusion From Goldman Sachs Growth Equity
Blue Sage Solutions, which offers the Blue Sage Digital Lending Platform, has closed a financing round from Goldman Sachs Growth Equity, which focuses exclusively...
CFPB Launches Complaint Against 1st Alliance Lending
1st Alliance Lending, along with its executives, John Christopher DiIorio, Kevin Robert St. Lawrence, and Socrates Aramburu, are facing a complaint from the CFPB...
Applications for Mortgages for New Home Purchases Stayed Strong in December
Applications for mortgages for new home purchases increased increased 0.2% in December compared with November and were up 42.2% compared with December 2019, according...
Black Knight Rolls Out New Tool for the Correspondent Lending Channel
Black Knight Inc. has released Seller Digital, a new correspondent lending platform designed to help lenders track commitment pipelines, manage conditions and validate pricing to...
FHFA Amends GSEs’ PSPAs So They Can Continue to Retain Capital
The Federal Housing Finance Agency (FHFA) and the U.S. Department of the Treasury (Treasury) have amended Fannie Mae and Freddie Mac’s Preferred Stock Purchase...
Mortgage Rates Move Up
Mortgage rates moved up significantly this week, with the average rate for a 30-year fixed-rate mortgage at 2.79%, up from 2.65% last week but...
Ryan Wood: CFPB Seeks to Provide ‘Clear Rules of the Road’ with Revisions to...
PERSON OF THE WEEK: The CPFB recently published new rules concerning the Fair Debt Collection Practices Act (FDCPA) - the first in more than...
Mortgage Credit Availability Flat in December
Mortgage credit availability dipped slightly in December, falling 0.1% compared with November to a score of 122.1 on the Mortgage Bankers Association’s (MBA) Mortgage...
BotGenius Aimed at Enhancing United Community Bank’s Middle Office
United Community Bank Inc. has implemented Indecomm Global Services’ BotGenius suite of middle-office automation solutions: a collection of software robots that emulate human computer...
Mortgage Application Fraud Risk Low But on the Rise
The risk of fraudulent information in mortgage applications increased 1.6% in November compared with October, reaching a score of 62 on First American’s Loan...
Enhancements to Black Knight Solution Further Digitize the Closing Table
Black Knight Inc. says it has rolled out new capabilities in the company's Expedite Close digital closing solution that will more easily facilitate fully digital...
Working Relationships: From Workplace Friction to Seamless Collaboration
BLOG VIEW: Mutually-beneficial working relationships can bolster a company's overall success, affecting everything from productivity to employee retention. However, like all relationships, great workplace...
Ncontracts Acquires Mortgage Compliance Software Firm QuestSoft
QuestSoft Corp., which makes mortgage compliance software, has been acquired by Ncontracts, which provides integrated risk management and compliance software to banks, credit unions,...
Mortgage Rates Start 2021 by Hitting a New Record Low
Mortgage rates hit new record lows as 2021 commenced, with the average rate for a 30-year, fixed-rate mortgage dropping to 2.65%, down from 2.67%...
Jemma Pachiano Promoted to COO at Mid America Mortgage
Jemma Pachiano has been promoted to chief operating officer at Mid America Mortgage Inc., a multi-state, full-service mortgage lender serving consumers and mortgage originators through...
Total Expert Extends Platform to Wholesale Mortgage
Total Expert, which offers an enterprise-grade marketing and customer engagement platform purpose-built for financial services, recently launched Total Expert for Wholesale, a solution geared...
Chetan Patel: Navigating the Coming Loss Mitigation Wave
PERSON OF THE WEEK: As the first rounds of forbearance periods come to an end, servicers will be met with rising numbers of borrowers...
