Thursday, October 31, 2024

Residential Mortgage

Mortgage Bankers Saw Q4 Profits Sink into the Red

Mortgage bankers saw an average net loss of $200 on each loan they originated in the fourth quarter, down from a reported gain of...

Home Price Appreciation Continued to Slow in January

U.S. home prices continued to rise as a whole in January, but at a slower pace than seen earlier in 2018, the S&P CoreLogic...

Closepin Lets Lenders Search For E-Closing-Enabled Title Agents

Closepin, a cloud-based, automated closing agent compliance validation platform for a lender’s closing agent network, has added a new tool that enables mortgage lenders...

Mortgage Bankers Association to Invest $2 Million in MISMO

The Mortgage Bankers Association (MBA) is investing $2 million in MISMO, the Mortgage Industry's Standards Organization, to support a range of new initiatives, including development...

LendingTree Now Using Lender Price PPE

Lender Price has integrated its product pricing and eligibility (PPE) engine with LendingTree, a marketing and lead generation platform that connects borrowers with lenders. The...

Global DMS’ SnapVal Delivers Instant Appraisal Price Based on Address

Global DMS, which offers valuation management software, has rolled out of SnapVal, an automated solution that utilizes the property address to return a guaranteed...

OpenClose Adds POS to its LOS

Mortgage technology provider OpenClose is adding a point-of-sale (POS) solution to its multichannel loan origination system (LOS) and product, pricing and eligibility engine. The new...

Simplifile Blankets Maryland with Addition of St. Mary’s County

St. Mary’s County, Md., is now using Simplifile’s e-recording platform, which enables recording offices to electronically receive, stamp, record and return documents while settlement...

Waterstone Mortgage Promotes Heidi Roberts to VP of Information Services

Heidi Roberts has been promoted to vice president of information services at Waterstone Mortgage. Roberts has more than 18 years of experience in the mortgage...

Recent Drop in Rates Bodes Well For Spring Home Sales

With mortgage rates at new lows for the year, home prices stabilizing, unemployment falling and wages on the rise, things are looking rosy for...

Mortgage Rates Move Lower as Spring Home Buying Season Approaches

Mortgage rates moved lower the same week the Fed announced that it would not be raising the fed funds rate anytime soon. The average rate...

Credit Plus Hires Jane House as VP of Data Solutions

Jane House has joined Credit Plus, a provider of data and verifications for all stages of the mortgage lending process, as vice president of...

Patient Fed Signals No Rate Hike Coming Soon

Citing that economic growth slowed in the fourth quarter, the Federal Open Market Committee (FOMC) voted in January to maintain the federal funds rate...

Point Raises $122 Million in Funding

Point, which enables homeowners to tap into some of their home equity using a model similar to a reverse mortgage, reports that it has...

Churchill Mortgage Launching Title Company with American Home Title

Churchill Mortgage is partnering with American Home Title to found Churchill Title Solutions, a title company intended to streamline the origination process and create...

Mortgage Applications Increased 1.6% as Rates Fell for a Second Week

Mortgage application volume increased 1.6% on an adjusted basis during the week ended March 15, as the average rate for a 30-year- fixed-rate mortgage...

Refinance Share Edged Back Down in February as Mortgage Rates Stabilized

The refinance share edged back down to 34% of all loans in February, down from 35% in January and down from 43% in February...

ComplianceEase Hires One, Promotes Another on its Executive Team

Sheila Meagher has joined ComplianceEase, a provider of automated compliance solutions, as senior vice president of sales and client success. In addition, Dan Smith -...

RMF’s Equity Elite Product Now Available Via ReverseVision’s RVX

Reverse Mortgage Funding’s proprietary product, Equity Elite, is now available in ReverseVision’s flagship loan origination system, ReverseVision Exchange (RVX). Launched in summer 2018, Equity Elite...

Closepin Adds New Feature to Help Mortgage Lenders Combat Wire Fraud

Closepin has enhanced its wire instructions verification tool with an additional feature to assist mortgage lenders in their effort to reduce the risk of...