Black Knight Acquires DocVerify
Black Knight has acquired DocVerify, which offers solutions that provide proof of the integrity of digital documents, for an undisclosed sum.
DocVerify’s software enables organizations...
Mortgage Applications Fell Last Week Despite Lower Rates
Mortgage application volume fell 6.5% last week, driven mainly by a drop in applications for refinances, according to the Mortgage Bankers Association's (MBA) Weekly...
New Home Sales Surged Again in July
New home sales in July surged to a seasonally adjusted annual rate of 901,000, an increase of 13.9% compared with June and up 36.3%...
Jane Mason: Mortgage Servicers Need Automation to Manage Impact of COVID-19 Crisis
PERSON OF THE WEEK: The share of mortgages in COVID-19-related forbearance plans continued to fall this past week, decreasing one basis point to 7.20%...
Despite COVID-19 Crisis, U.S. Home Prices Continued to Rise in June
U.S. home prices continued to rise in June, despite the economic impact of the COVID-19 crisis.
However, the pace of home price appreciation slowed significantly.
According...
Pavaso Earns MISMO RON Compliance Certification
Digital closing software provider Pavaso has been granted remote online notarization (RON) compliance certification through the Mortgage Industry Standard Maintenance Organization (MISMO).
The program establishes...
Inlanta Mortgage Deploys OptifNow’s CRM and Automated Marketing Platform
Wisconsin-based mortgage lender Inlanta Mortgage is now using the OptifiNow CRM and automated marketing platform to improve its branch development and recruiting efforts.
“Recruiting is...
Existing-Home Sales Surged For Second Straight Month in July
After rising 20.7% in June compared with May, existing-home sales surged again in July, rising 24.7% compared with June to a seasonally-adjusted annual rate...
Mortgage Rates Increase Slightly But Average Rate For 30-Year Remains Below 3%
Mortgage rates edged up slightly this week but remain historically low.
For the week ended Aug. 20, the average rate for a 30-year, fixed-rate mortgage...
CFPB Proposing New Category of Seasoned QMs
The Consumer Financial Protection Bureau (CFPB) has issued a notice of proposed rulemaking (NPRM) to create a new category of seasoned qualified mortgages (QMs).
Under...
Tanja Cleve: COVID-19 Crisis Has Resulted in ‘Perfect Storm’ for Mortgage Industry
PERSON OF THE WEEK: How is the impact of COVID-19 crisis on the mortgage industry different when compared with the economic crisis of 2008?
And...
Federal Home Loan Banks Pursuing E-Note Abilities with MERS
MERS - a part of ICE Mortgage Services - has partnered with the Federal Home Loan Bank system to facilitate use of the MERS...
Applications for New Home Purchases Continued to Rise in July
Applications for mortgages for new home purchases increased 1% in July compared with June and were up 39% compared with July 2019, according to...
Mortgage Rates Inched Up This Week But Remain at All-Time Lows
Mortgage rates inched up slightly this week but remain at all-time lows.
The average rate for a 30-year, fixed-rate mortgage was 2.96%, up from 2.88%...
How Offshore Delivery Centers are Helping Mortgage Lenders Improve Operations
BLOG VIEW: In 2019, the global outsourcing market amounted to $92.5 billion, having experienced a drastic jump in the last decade. One of the...
Intercontinental Exchange to Acquire Ellie Mae from Thoma Bravo for $11 Billion
Intercontinental Exchange, an operator of global exchanges and clearing houses and provider of mortgage technology, data and listing services, plans to acquire mortgage originations...
Mortgage Applications Jumped Nearly 7% as Rates Dropped to Record Lows
Mortgage application volume increased 6.8% on an adjusted basis during the week ended August 7, according to the Mortgage Bankers Association's (MBA) Weekly Applications...
Tech Enhances Mortgage Accounting’s Number Crunching
BLOG VIEW: Between handling the transition to working from home and continual changes in the market, mortgage companies have been forced to embrace new...
Daniel Crooke: APIs Play Vital Role in Mortgage Software Ecosystem
PERSON OF THE WEEK: Application programming interfaces (APIs) are software-to-software interfaces that enable applications to easily communicate back and forth without the need for...
Mortgage Rates Continue to Smash Records
Freddie Mac’s Primary Mortgage Market Survey for the week ending August 6 shows that the 30-year fixed-rate mortgage (FRM) averaged 2.88 percent. This is...