IDS and eNotaryLog Partner to Support Remote Online Notarization
eNotaryLog’s remote online notarization (RON) platform is now integrated with IDS’s e-close platform, Solitude Solution.
Through this integration, any lender will be able to facilitate...
Report: AI, Algorithms Can Reduce Bias, Create More Equitable Mortgage Lending
The Financial Services Innovation Coalition (FSIC) and Creative Investment Research have released a new report that finds artificial intelligence (AI) and algorithmic lending can play an important role...
First American Division Moves Key Data Access to the Cloud
First American Data & Analytics, a provider of property and ownership data and advanced analytic solutions, says it has joined the Snowflake Data Marketplace.
The availability of...
Refinance Volume Fell 5 Percent Last Week on Higher Rates, But Purchase Apps Were...
Mortgage application volume decreased 1.3% during the week ended March 5, due mainly to rates rising to the highest level since July, which, in...
Mortgage Credit Availability Flat in February
Mortgage credit availability was flat in February compared with January, according to the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI).
Credit availability for...
Financial Institutions Form New Joint Venture, Bellco Home Loans
Bellco Credit Union and Cherry Creek Mortgage have partnered to create a new lending company, Bellco Home Loans.
The joint venture will work to identify the best loan for...
Mortgage Lenders Must ‘Future Proof’ Their Business to Prepare for Next Rate Hike
PERSON OF THE WEEK: With historically low mortgage rates and a sudden wave of relocations due to the pandemic, 2020 saw one of the...
Fannie Mae: Still Room for Improvement in Housing and Economic Attitudes
The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased in February by 1.2 points to 76.5, with four of the HPSI's six components falling month over...
Guaranteed Rate Introduces New Mortgage Technology Company, Gateless
Mortgage lender Guaranteed Rate has formed Gateless, a new mortgage technology company that provides solutions for the entire loan process.
Gateless was founded by Victor Ciardelli, president and...
Despite February Job Gains, U.S. Unemployment Rate Remains 6.2 Percent
The U.S. economy added 379,000 jobs in February compared with January, beating expectations, however, the unemployment rate was little changed at 6.2%, according to...
For Lenders, 2021 Will Be an ‘Interesting Year’ From a Regulatory Perspective
With a new administration in White House, it is likely mortgage lenders will need to adjust to some regulatory changes on the federal level...
Mortgage Application Volume Basically Flat as Rates Jump
Mortgage application volume increased 0.5% on an adjusted basis during the week ended February 26, with applications for refinances increasing a mere 0.1% on...
CFPB Delays Compliance Date for General QM Rule
The Consumer Financial Protection Bureau (CFPB) has delayed the mandatory compliance date of the General Qualified Mortgage (QM) final rule from July 1 to...
PennyMac Financial Services Promotes Doug Jones to President
PennyMac Financial Services Inc. has appointed Doug Jones president and chief mortgage banking officer, responsible for all activities relating to the company’s loan production...
Restrictions on Hawai’i Low Income Housing Units a Potential Burden For Mortgage Lenders
BLOG VIEW: Similarly to other states and territories of the United States, Hawai’i has experienced difficulties with providing affordable housing units for sale to...
Mortech PPE Users Can Now Access National MI Directly
National Mortgage Insurance Corp. (National MI) says it is now integrated with Mortech, bringing National MI’s real-time, risk-based mortgage insurance pricing tool, Rate GPS,...
Ramesh Devare: Pandemic Has Redefined the Meaning of Customer Service in Mortgage
PERSON OF THE WEEK: The COVID-19 crisis has had a profound impact on the mortgage industry: Not only have mortgage lenders and servicers had...
Total Expert Brings New CMO, CRO On Board
Ilene Vogt has joined mortgage CRM software firm Total Expert as chief revenue officer while Rebecca Martin has joined the company as chief marketing...
Credit Plus Announces Five Executive Promotions
Mike Hall has been promoted to chief operating officer; Don Clement has been promoted to EVP, marketing; Michael Crockett has been promoted to EVP,...
ATTOM: ‘Zombie Properties Remain Pretty Much a Non-Issue’
ATTOM Data Solutions’ first-quarter 2021 Vacant Property and Zombie Foreclosure Report shows that 1.4 million residential properties in the U.S. are vacant, representing 1.5 percent of...