How Improving the Borrower Experience Can Reduce Closing Times
In today’s digital-first world, most mortgage lenders recognize the value of improving digital experiences for consumers. In fact, 84 percent of financial institutions list...
Mortgage Applications Jump to Highest Level Since 2016
Mortgage application volume increased an impressive 18.6% on an adjusted basis during the week ended March 29, as the average rate for a 30-year...
IDS Now Has Full E-Closing Capabilities via ClickToClose
International Document Services Inc. (IDS) reports that it has augmented its flagship doc prep platform idsDoc to include full e-closing capabilities through a new...
Valuation Partners Launches New Platform For Mortgage Lenders, PropertyRx
Valuation Partners, offering vendor management, appraisal reviews, collateral assessment, broker price opinions and appraiser-assisted products, has launched a new platform that equips lenders with...
Waterstone Mortgage Opens New Location in Texarkana
Waterstone Mortgage Corp. reports that it has opened a new office in Texarkana, Texas, that will be led by Stephan Haynes, sales manager.
Joining Haynes...
Lender Price Adds David Colwell and Linn Cook
David Colwell has joined mortgage technology firm Lender Price as executive vice president of business strategy while Linn Cook has joined the company as...
Janina Woods: Most Servicers ‘Not Prepared’ For Spike in Defaults
PERSON OF THE WEEK: With delinquencies and foreclosures at pre-crisis lows, many mortgage servicers have - as would be expected - thinned out their...
New Home Sales Up 4.9% in February
Sales of new single family homes were at a seasonally adjusted annual rate of 667,000 in February, an increase of 4.9% compared with a...
Rate of Defects in Mortgage Applications Continued to Rise in February
The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications increased 4.4% in February compared with January and was...
February’s Dip in Pending Home Sales ‘Not a Significant Concern’
Pending home sales dipped 1.0% in February compared with January to a score of to 101.9 on the National Association of Realtors’ Pending Home...
Castle & Cooke Mortgage Opens New Branch in Boise
Castle & Cooke Mortgage recently opened a new branch in Boise, Idaho, that will be managed by mortgage industry veteran Suzi Boyle.
Boyle has 28...
HUD Charges Facebook with Housing Discrimination
The U.S. Department of Housing and Urban Development (HUD) is charging Facebook with violating the Fair Housing Act for allegedly delivering housing-related ads to...
Mortgage Rates Fall 22 Basis Points, Biggest Drop in a Decade
Mortgage rates took the biggest drop in a decade, with the average rate for a 30-year fixed-rate mortgage falling 22 basis points to 4.06%,...
Mortech Now Integrated with Roostify
Mortech’s product and pricing engine (PPE) has been integrated with Roostify’s digital lending platform, thus enabling lenders using the combined solution to deliver on consumer...
Home Point Financial Now Partnering With Matic
Home Point Financial, which recently announced its entry into the non-QM lending market, is now partnering with Matic to offer borrowers low-rate homeowners insurance.
Home Point Financial is a national...
Fannie Mae Appoints Hugh R. Frater as CEO
Hugh R. Frater is the new CEO of Fannie Mae.
Frater has served as interim CEO of the company since October, following the announcement in...
LoanLogics and VirPack Aim to Speed Loan Document Recognition and QC
LoanLogics, offering loan quality technology for mortgage manufacturing and loan acquisition, is now integrated with VirPack, a provider of virtual document management and file...
Non-QM Market Growing, But Not Without its Challenges
As refinances plummet and competition over limited purchase volume increases, mortgage originators are increasingly looking to diversify into non-QM lending. There are now more...
Mortgage Applications Surge, Signaling Start of Promising Home Buying Season
Mortgage applications increased 8.9% on an adjusted basis during the week ended March 22, as the average rate for a 30-year fixed-rate mortgage fell...
Mid America Mortgage Now Using NotaryCam by Way of DocMagic Integration
Mid America Mortgage is now using NotaryCam's remote online notarization solution by way of DocMagic’s e-mortgage platform.
NotaryCam announced its integration with DocMagic’s Total eClose...