Mortgage Application Volume Back on the Decline
Mortgage application volume fell 3.0% during the week ended January 25, as the average rate for a 30-year fixed-rate mortgage increased slightly to 4.76%,...
Home Prices Increased in November, But Pace Slowed
U.S. home prices increased .04% on an adjusted basis in November compared with October and were up 5.2% compared with November 2017, according to...
Castle & Cooke Mortgage Announces New LO For its North Salt Lake Office
Jessie Van Wagoner has joined Castle & Cooke Mortgage as a loan officer in its North Salt Lake, Utah, location.
Previously, Van Wagoner worked on...
LenderClose Hires Eric Scheuer as Sales Executive
Eric Scheuer has joined fintech firm LenderClose as sales executive.
Scheuer has held a number of high-performance sales positions over the span of 30 years....
Closing Disclosure Still a Top QC Pain Point for Mortgage Lenders in 2018
So what was the top pain point for mortgage originators, in terms of regulatory compliance, for 2018?
According to a survey from MetaSource, the Closing...
North Carolina Law Firm Adopts Pavaso’s E-Closing Platform
Ivey & Eggleston, a law firm based in Asheboro, N.C., is now using Pavaso’s digital closing platform to enhance the closing experience for brokers,...
Anow’s Appraisal Management Platform Now Available to BAREA Members
Appraisal management software provider Anow is partnering with the Business Association of Real Estate Appraisers (BAREA) to make Anow’s technology available to the association’s...
Fierce Competition in Shrinking Purchase Market
In a recent survey of mortgage origination professionals, 29% cite increased purchase business competition as the biggest challenge in today’s mortgage market.
About 25% say...
Mortgage Accounting Firm Richey May Fully Acquires Amata Solutions
Richey May, an accounting and advisory firm serving the financial services and real estate industries, has fully acquired Amata Solutions, a provider of customized...
Tim Mayopoulos Joins Blend as President, Among Other Executive Hires
Mortgage point-of-sale software provider Blend has picked up a key player for its executive team, as Tim Mayopoulos, former CEO of Fannie Mae, has...
Freddie Mac: Fixed Mortgage Rates Basically Flat
Fixed-mortgage rates were basically flat during the week ended January 24, with the average rate for a 30-year at 4.45%, unchanged from the previous...
ClosingCorp Taps Dori Daganhardt as SVP of Data Strategy
Dori Daganhardt has joined ClosingCorp, a provider of residential real estate closing cost data and technology, as senior vice president of data strategy.
Daganhardt has...
Lack of Inventory Pushes ARM Share to Eight-Year High
Adjustable-rate mortgages (ARMs) represented 9.2% of all loans originated in December - an eight-year high - according to Ellie Mae’s monthly Origination Insight report.
A...
ComplianceEase Adds Tool that Speeds Decision-Making
Mortgage compliance software company ComplianceEase has launched a new tool that helps lenders more quickly resolve common compliance issues.
The new tool, DecisionMonitor, helps reduce...
Mortgage Applications Fell as Rates Edged Back Up
Mortgage application volume decreased 2.7% on an adjusted basis during the week ended January 18, as fixed mortgage rates edged up slightly, according to...
Existing-Home Sales Fell 6.4% in December
Existing-home sales were at a seasonally adjusted annual rate of about 4.99 million in December, down 6.4% compared with November and down 10.3% compared...
Flagstar Rolls Out New Version of Loantrac LOS
Flagstar Bank has upgraded its proprietary loan origination system (LOS), Loantrac, with new features capabilities focused mainly on ease of use and transparency for...
Churchill Mortgage Now Offering Rate Secured Program
Churchill Mortgage has launched a new “Rate Secured” program that allows eligible borrowers to lock into an interest rate for 90-days after engaging with the lender,...
Another 46 Counties Join Simplifile’s E-Recording Network
Simplifile, a provider of real estate document collaboration and recording technologies for lenders, settlement agents and counties, has added 46 new recording jurisdictions located...
Applications For New Home Purchases Dropped 6.1%
Applications for mortgages for new home purchases decreased 13% in December compared with November and were down 6.1% compared with December 2017, according to...