Lender Price and Mountain West Financial Team to Build Online Borrower Portal
Lender Price, a provider of digital lending technology for the financial industry, and Mountain West Financial, a regional mortgage lender based in Southern California,...
Mortgage Rates Edge Up Slightly But Are Forecast to Remain Stable
Following a 22-basis-point drop two weeks ago, mortgage rates started to edge back up again, with the average rate for a 30-year fixed-rate mortgage...
Taking the Cross-Sell from ‘Highly Improbable’ to ‘Highly Profitable’
When it comes to mortgage servicing rights (MSRs), the buy/sell decision has rarely been more complex than it is now. Low production volumes continue...
Mortgage Application Volume Dipped as Rates Increased Slightly
After a significant drop the previous week, mortgage applications fell 5.6% during the week ended April 5, as the average rate for a 30-year,...
Arch Mortgage Insurance Now Integrated with OpenClose’s LOS
Arch Mortgage Insurance Co., a wholly owned subsidiary of Arch Capital Group Ltd., and OpenClose, a multi-channel loan origination system (LOS) and digital mortgage...
Applications For New Home Purchases Surged in March
Applications for mortgages for new home purchases jumped 19% in March compared with February and were up 7% compared with March 2018, according to...
Verus Completes Second Largest Non-QM RMBS Transaction
Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM, investor lending solutions and fix and flip loan programs, has finalized its ninth...
Planet Home Lending Hires Jennifer Folk as SVP of National Operations
Jennifer Folk has joined Planet Home Lending, a national lender and servicer, as senior vice president of national operations and operations support.
Previously, Folk was...
Mason Whitehead: Mortgage Lenders Can’t Compete on Rates Alone
PERSON OF THE WEEK: As we’ve seen time and time again, mortgage rates can have a huge impact on home buyer sentiment. In general,...
Calyx Software Enhances its Zip Point-of-Sale Platform
Calyx Software has enhanced its Zip point-of-sale platform to provide larger organizations with greater control and transparency over individual user profiles.
With this update, banks,...
March Saw Consumers More Confident in Housing Market
After decreasing slightly in February, consumer confidence in the housing market jumped in March, rising 5.5 points to a score of 89.8 on Fannie...
NewDay Expects to See its VA Loan Volume Jump 10% in 2019
Rob Posner, founder and CEO of VA mortgage lender NewDay USA, says it expects to see the company's Veterans Affairs loan volume to increase...
Job Market Continued to Improve in March
The U.S. economy added about 196,000 jobs in March, above analysts’ expectations of around 180,000, according to estimates from the Bureau of Labor Statistics.
However,...
Resource Financial Services Using NestReady to Create Seamless Home Buying Process
Mortgage lender Resource Financial Services is partnering with mortgage technology firm NestReady to create a more seamless home buying process for its customers.
NestReady integrates...
Senate Confirms Mark Calabria as Director of the FHFA
Mark Calabria has been confirmed by the Senate and will serve as the next director of the Federal Housing Finance Agency (FHFA).
The 52-44 vote...
Mortgage Rates Hold Steady Following Last Week’s Impressive Drop
Following a significant drop last week, mortgage rates basically held steady this week, with the average rate for a 30-year fixed-rate mortgage hovering around...
Mortgage Credit Increased in March, Except for Government Loans
Mortgage credit availability increased in March, rising 1.1% to a score of 182.1 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI).
Credit...
Guaranteed Rate: March Was a Strong Month For Originations
Mortgage lender Guaranteed Rate reports that it had a strong March, with production reaching $3.46 billion in locked volume.
“We’re off to an incredible start...
MorVest Capital Hires Larry Charbonneau as Managing Director, Mergers and Acquisitions
Larry Charbonneau has joined mortgage advisory firm MorVest Capital as managing director, mergers and acquisitions.
Charbonneau is a well-respected industry veteran with a formidable reputation...
WFG National Title Insurance Hires Julie Curlen as SVP, Regional Manager
Julie Curlen has joined WFG National Title Insurance Co. (WFG), a provider of title insurance and real estate settlement services, as senior vice president...