Applications For New Home Sales Jumped 11% on Lower Rates
Applications for mortgages for new home purchases increased 11% in July compared with June and were up 31.2% compared with July 2018, according to...
Visionet Systems’ VisiLoanReview Now Integrated with Encompass
Visionet Systems reports that its VisiLoanReview (VLR) solution is now integrated with with Ellie Mae’s Encompass loan origination system.
This integration will help mortgage lenders...
David Stevens Joins Board of Directors at George Mason Mortgage
David Stevens, CMB, former president and CEO of the Mortgage Bankers Association (MBA), has joined the George Mason Mortgage board of directors as an...
Take Three Technologies Hires Ruth Lee as Executive Vice President
Mortgage industry veteran Ruth Lee has joined mortgage technology firm Take Three Technologies as executive vice president.
The Denver-based fintech startup is focused on empowering...
Mortgage Applications Continue to Surge on Lower Rates
Due to a significant drop in mortgage rates, mortgage application volume jumped 21.7% during the week ended Aug. 9, according to the Mortgage Bankers...
Rising Family Income Helped Keep Mortgage Delinquency Rate Low in May
The U.S. mortgage delinquency rate in May continued to hover at the lowest level in more than 20 years.
Not one state posted an annual...
First Impressions Are Crucial to Starting the Mortgage Process
BLOG VIEW: It’s a common saying that individuals make a decision to trust you, whether consciously or not, within ten minutes of meeting you.
Because...
Texas Legislature Clarifies Rules on Remote Online Notarization
The Texas legislature recently passed a bill that provides recording jurisdictions with additional clarity when conducting paper recordings of electronically executed documents.
SB 2128, which...
MISMO Taps Jonathan Kearns as VP of Technology
Jonathan Kearns has joined MISMO, the mortgage industry's standards organization, as vice president of technology.
Under MISMO's management by the Mortgage Bankers Association (MBA), Kearns...
WFG National Title Insurance Hires Gregg Christensen as Senior Business Development Officer
Gregg Christensen recently joined WFG National Title Insurance Co. as senior business development officer for the company’s New York City-based national commercial services division.
Christensen...
GSEs Postpone Mandatory Use of New URLA Form
Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac have postponed the deadline for mandatory use of the redesigned Uniform Residential Loan Application - the...
Cloudvirga Promotes Daniel Sogorka to CEO
Daniel Sogorka is the new CEO of Cloudvirga, a provider of mortgage point-of-sale (POS) solutions.
Sogorka, who joined Cloudvirga as chief revenue officer in January...
Mortgage Credit Tightened Slightly in July
Mortgage credit availability decreased in July compared with June, falling 0.4% to a score of 189.0 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...
Mortgage Rates Take a Steep Dive
Mortgage rates decreased significantly this week, with the average rate for a 30-year fixed rate mortgage falling to 3.60%, down from 3.75% the previous...
Ellie Mae Further Automates HELOC Lending in Encompass
Recognizing that the opportunity for lenders to capitalize on home equity line of credit (HELOC) trends has never been greater, Ellie Mae has added...
SimpleNexus: More than Half of Borrowers Initiating Loan Applications on Mobile Devices
SimpleNexus reports that more than half of the 37,157 mortgage applications handled on its platform in May were started via a mobile device.
This shows...
Docutech’s ConformX Now Bundled with Black Knight’s Empower LOS
Docutech’s ConformX document generation engine is now bundled with Black Knight’s suite of origination solutions, including Black Knight’s Empower Now! loan origination system (LOS),...
Mohammad Rashid: Use of Big Data, AI in Mortgage is Nowhere Near its Full...
PERSON OF THE WEEK: Big data, automation and artificial intelligence (AI) are revolutionizing the mortgage industry - but it would seem that mortgage lenders...
Applications For Refinances Surged on Lower Rates
After decreasing for five consecutive weeks, mortgage application volume finally regained some ground, increasing 5.3% on an adjusted basis during the week ended Aug....
Blend’s Automated Asset Verification Now Available via Freddie Mac’s AIM
Blend’s automated asset verification service is now available through Freddie Mac’s Loan Product Advisor asset and income modeler (AIM) solution.
Through this relationship, any Blend...