State Mortgage Regulators Seek to Standardize Data Transfer Between LOSs
State regulators are encouraging the mortgage industry to integrate state-developed data standards with mortgage loan origination systems.The purpose...
LenderClose Taps Andrew Deignan as Director of Operations
Andrew Deignan has joined mortgage software firm LenderClose as director of operations. Deignan has nearly 20 years of experience...
Altisource Hires Stephen Kolimaga as Vice President, Enterprise Sales
Stephen J. Kolimaga has been appointed vice president, enterprise sales at Altisource Portfolio Solutions.Kolimaga has more than 20...
Mortgage Applications Increased 0.5% Despite Slight Jump in Rates
Mortgage application volume increased 0.5% on an adjusted basis during the week ended Oct. 11, according to the Mortgage Bankers Association’s (MBA)...
U.S. Housing Market Improved in August
August was a good month for the U.S. housing market: new and existing-home sales increased, housing starts jumped, the unemployment rate dropped...
Rising Home Prices Have Significantly Impacted Affordability For African Americans
Fewer than one in 10 homes for sale last year were affordable to African American households in San Francisco, Los Angeles, Seattle,...
Lender Price Introduces Loan Pricing Tool for Non-QM Loans
Mortgage software provider Lender Price has released FLEX Pricer, a new pricing platform designed for non-QM lenders. The new...
Tedd Smith: How Going All-Digital Can Help Lenders Boost HELOC Volume
PERSON OF THE WEEK: Home equity loans are becoming an increasingly profitable source of business for mortgage lenders. By the end of...
Average Rate For 30-Year Mortgage Fell Eight Basis Points
Mortgage rates fell yet again this week, as the average rate for a 30-year fixed rate mortgage decreased to 3.57%, down eight...
Promontory Fulfillment Services Endorsed by Community Bank Services
Community Bank Services (CBS), a wholly-owned subsidiary of the North Carolina Bankers Association (NCBA), has officially endorsed Promontory Fulfillment Services’ (PFS) mortgage...
Cloudvirga, Envoy Mortgage Team to Improve the Originator and Borrower Experiences
Envoy Mortgage, an independently owned national mortgage lender serving retail originators, is partnering with Cloudvirga, a provider of digital mortgage software, to...
Applications For Refinances Jumped as Purchase Activity Remained Muted
Mortgage application volume increased 5.2% on an adjusted basis during the week ended Oct. 4, as the average rate for a 30-year,...
Mortgage Credit Increased in September, Driven by Jumbo Loans
Mortgage credit availability increased 0.9% in September to reach a score of 183.4 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability...
Brian Montgomery Nominated to Serve as HUD Deputy Secretary
The Trump Administration has announced its intention to nominate Federal Housing Agency (FHA) Commissioner Brian Montgomery to serve as deputy secretary of...
Credit Plus Hires Julie Piepho as Executive Strategic Advisor
Julie Piepho has joined Credit Plus, a provider of data and verifications for all stages of the mortgage lending process, as executive...
Pete Butler: The Lesser Known Benefits of Working with the Right BPO Partner
PERSON OF THE WEEK: Outsourcing is nothing new to the mortgage industry, but as the business landscape changes for originators and servicers,...
Lower Mortgage Rates Helped Boost Home Affordability in September
Falling mortgage rates helped boost home affordability in September, Black Knight’s Mortgage Monitor shows.In November 2018, when rates...
IDS and Mortgage Builder Develop Fresh Integration Using MISMO Version 3.4
International Document Services (IDS), which provides document services to the mortgage industry, has signed a preferred partnership agreement with Mortgage Builder, a...
Finastra Launches Mortgage Borrower Benchmarking Tool
Finastra recently launched Fusion Mortgagebot Data Insights, a tool that benchmarks mortgage borrower behavior and demographics for banks and credit unions against...
Consumer Confidence in Housing Market Fell in September
Despite low mortgage rates and slowing home price appreciation, consumer confidence in the housing market decreased 2.3 points in September to a...
