Downsizing Continued to Impact Rate of Critical Defects in Mortgages in Q3
The rate of critical defects in closed mortgage loans increased to 1.89% in the third quarter, up from 1.71% in the second quarter to...
Greg Holmes: Application Fraud Has Never Been More Difficult to Commit
PERSON OF THE WEEK: Automated asset and income verification services are proving to be a God-send for the mortgage industry. Not only do these...
CoreLogic Introduces New Property Data Solution For Mortgage Professionals
CoreLogic has introduced a new solution which it claims gives mortgage professionals a more accurate and complete view of a residential property.
The new PanoramIQ...
Veros Now Delivers Property-Specific Disaster Data with its AVM Reports
Veros Real Estate Solutions reports that it has incorporated property-specific disaster data into its VeroVALUE AVM reports and portfolio review services.
In regions declared as disaster...
CoreLogic Announces Two More Integrations with Ellie Mae’s Encompass
CoreLogic recently announced two integrations with Ellie Mae’s Encompass loan origination system.
First up, CoreLogic has integrated its CondoSafe condo project review tool with Encompass.
CondoSafe...
New Home Sales Fell in January But Are Expected to Rebound
New home sales in January were at a seasonally adjusted annual rate of about 607,000, a decrease of 6.9% compared with a revised 652,000...
TD Bank Hires Michael Innis-Thompson as SVP, Head of National Community Lending
Michael Innis-Thompson has joined TD Bank as senior vice president, head of national community lending, for the bank’s residential lending businesses.
Innis-Thompson will oversee strategy...
Mortgage Applications for New Home Purchases Jumped 6% in February
Applications for mortgages for new home purchases increased 6% in February compared with January and were up 3% compared with February 2018, according to...
Planet Home Lending Hires Donna Edwards as Chief Human Resources Officer
Highly experienced HR professional Donna Edwards has joined growing mortgage lender Planet Home Lending as chief human resources officer (CHRO).
Edwards has worked in the...
Mortgage Rates Drop But Low Inventory Remains a Concern
After increasing for the first time in weeks the previous week, fixed mortgage rates edged back down, with the average rate for a 30-year...
Floify’s Mortgage POS Now Integrated with Plaid’s Asset Verification Service
Floify’s mortgage point-of-sale solution s now integrated with Plaid’s automated asset verification service, thus allowing lenders using the Floify platform to significantly speed the...
Lenders Optimistic as Spring Home Buying Season Approaches
The fourth quarter of 2018 was dismal from a mortgage origination volume perspective, but in the first quarter of 2019 lenders have a slightly...
Survey Reveals Importance of Multichannel Communication in the Mortgage Process
It’s well established that a majority of consumers now start the mortgage process online.
As such, mortgage lenders are increasingly deploying online portals that deliver...
Rent, Buy or Shared-Equity Mortgage: Finding the Best Option
Americans are debt consumers. Often, we consider debt just an inevitable part of life: buying large items like houses, cars, and financing education requires...
Mortgage Applications Jumped 2.3% as Fixed Rates Fell
Mortgage application volume increased 2.3% on an adjusted basis during the week ended March 8, as the average rate for a 30-year fixed-rate mortgage...
Home Point Financial Announces Six New Hires For its Correspondent Business
National mortgage originator and servicer Home Point Financial Corp. recently announced numerous new hires for its correspondent business.
Mark Hayes, Andy Gottman and Sharon Magnuson have joined...
Built Technologies Hires Raymond Ritz as SVP of Technology
Product and technology development expert Raymond Ritz has joined Built Technologies, a provider of construction lending software, as senior vice president of technology.
Previously, Ritz...
Ellie Mae Adds New Functionality to Loan Officer Connect
Ellie Mae has added new functionality to its Encompass Loan Officer Connect solution, which gives loan officers secure, real-time access to Encompass - anytime,...
Guaranteed Rate Taps Charley Wickman as Executive Creative Director
Charley Wickman has joined mortgage lender Guaranteed Rate as executive creative director.
Wickman was previously executive creative director for Leo Burnett, where he led numerous...
Consumer Sentiment Toward Housing Market Dipped in February
Consumer sentiment toward the housing market fell in February, dipping 0.4 points to a score of 84.3 on Fannie Mae’s Home Purchase Sentiment Index...