Hometown Lenders Using ReverseVision For Launch of HECM Lending Division
Hometown Lenders, a Huntsville, Alabama-based, multi-channel mortgage lender with more than 80 branches across 38 states, is using ReverseVision’s RV Exchange (RVX) loan origination system (LOS)...
MBA: Applications for New Home Purchases Jumped 20% in May
Applications for mortgages for new home purchases increased 20.1% in May compared with April and were up 0.1% compared with May 2018, according to...
First American Hires Paul Bandiera as VP of Information Technology Strategy
Paul Bandiera recently joined First American Title Insurance Co. as vice president of information technology strategy.
Bandiera previously served as president of a large title...
Report Shows Where Closing Costs Are Highest
Where were closing costs highest in 2018?
According to ClosingCorp, which collects and analyzes such data, states with the highest average closing costs for the...
Falling Mortgage Rates Lead to Surge in Refinance Activity
Thanks to a huge jump in refinance volume, driven by falling rates, total mortgage application volume increased an impressive 26.8% on an adjusted basis...
Waterstone Mortgage Promotes Stephanie Ziebell to SVP and General Counsel
Stephanie Ziebell has been promoted to senior vice president and general counsel at national mortgage lender Waterstone Mortgage Corp.
Ziebell has been with Waterstone Mortgage...
Volly Launches New Mobile POS, Revamps its Mobile CRM Application
Volly, a provider of CRM, marketing automation, marketing store and POS solutions for banks and mortgage companies, has launched a new mobile point-of-sale (POS)...
Tedd Smith: Mortgage Lenders Can Be Confident in Technology ROI
PERSON OF THE WEEK: As the cost to originate loans continues to increase, mortgage lenders are struggling to turn a profit. According to the...
Waterstone Mortgage Hires Eric Debelack as Area Manager
Eric Debelack recently joined national mortgage lender Waterstone Mortgage Corp. as an area manager based in the firm’s Pewaukee, Wisc., branch.
Debelack has more than...
Homebridge Begins Acquisition of HomeStreet’s Retail Mortgage Operations
Homebridge Financial Services reports that it has completed the first phase of its acquisition of the retail mortgage operations of HomeStreet Bank.
Terms of the...
Average Rate For 30-Year Mortgage Falls to Lowest Level in Nearly Two Years
The average rate for a 30-year fixed rate mortgage fell to 3.82% this week, down from an average of 3.99% last week to reach...
MBA: Despite Shrinking Volume, Mortgage Bankers Back in Black in Q1
After seeing profits fall into the red in the fourth quarter, mortgage bankers saw profits inch back into the black in the first quarter...
Stewart Title Hires Kristi Marino as VP of Lender Solutions
Kristi Marino recently joined Stewart Title, a provider of residential and commercial title insurance and closing and settlement services, among other offerings, as vice...
Jonathan Willen: Automation Now a Critical Aspect of Property Tax Services
PERSON OF THE WEEK: Property tax services remains an important outsourced function for the mortgage industry and, like all the other parts of the...
Mortgage Applications Increased Slightly as Rates Continued to Fall
After falling 3.3% the previous week, mortgage application volume increased 1.5% on an adjusted basis during the week ended May 31, according to the...
Mortgage Startup Board Gives Home Buyers an All-Cash Option
Mortgage startup BoardRE Inc. (Board) seeks to disrupt the lending market by enabling home buyers to pay cash for their home, thus helping them...
MQMR Hires Jeff Christensen as VP of Sales
Jeff Christensen recently joined mortgage compliance consultancy Mortgage Quality Management and Research (MQMR) as vice president of sales.
Christensen has more than 10 years of...
Survey: Mortgage Industry Remains ‘Significantly Behind’ Retail in Terms of Technology
Sixty percent of mortgage lenders use audience data platforms to help them understand consumers’ behavior and interests and 55% are leveraging cross-channel display advertising...
Mortgage Application Defect Rate Falls For First Time in Eight Months
After increasing for eight consecutive months, the frequency of defects in applications for mortgage loans decreased 4.2% in April compared with March, due mainly...
CertifID Releases New eBook Outlining How to Prevent Wire Transfer Fraud
CertifID, which offers solutions for preventing wire transfer fraud, recently released a new ebook, Clear To Close, that spells out the steps real estate...