U.S. Homeowners Continued to Gain Equity in Q2
About 2.2 million properties, or 4.3% of all properties with a mortgage, were in negative equity in the second quarter - and while that...
PromonTech’s Mortgage POS Now Integrated with Optimal Blue’s PPE
PromonTech’s point-of-sale (POS) solution, Borrower Wallet, is now integrated with Optimal Blue's product and pricing engine.
That means loan officers get easy access to qualified...
Mortgage Applications See First Increase in Three Weeks
After decreasing for three consecutive weeks, mortgage application volume regained some ground during the week ended Sept. 14, increasing 1.6% on an adjusted basis...
Mortgage Cadence Now Integrated with LoanBeam’s Income Verification Service
LoanBeam’s income calculation service is now integrated with Enterprise Lending Center (ELC), Mortgage Cadence’s end-to-end loan-origination solution.
The integration will help Mortgage Cadence customers eliminate hours of manual...
Blend Bakes AI into its Mortgage POS Platform
Blend has baked artificial intelligence and machine learning into its mortgage point of sale (POS) platform, thus further automating and speeding the mortgage process,...
FirstClose Gets Funding Round From Cypress Growth Capital
Mortgage settlement services firm FirstClose recently received a multi-million dollar infusion of capital from Dallas-based Cypress Growth Capital, a royalty-based growth capital investor.
The company...
Maxwell Introduces Next Generation Loan Application and Enrichment API
Mortgage software provider Maxwell has introduced ApplyID, a new API that is used to aggregate borrower information and auto-populate the 1003, dramatically reducing the...
Wipro’s NetOxygen Now Integrated with Mercury Network
Wipro’s NetOxygen loan origination system and Mercury Network’s appraisal management platform are now available as a single, integrated offering.
CoreLogic acquired Mercury Network last year.
NetOxygen...
Aaron Lynch: Single-Vendor Approach to Mortgage Software Has its Advantages
PERSON OF THE WEEK: It’s a question that constantly nags mortgage executives and their IT teams: Is it better to go with a “single-vendor”...
Mortgage Applications For New Home Purchases Fell in August
Applications for mortgages for new home purchases decreased 2% in August compared with July and fell 4.6% compared with August 2017, according to the...
Freddie Mac: Mortgage Rates Back on the Rise
Mortgage rates continued to rise this week, with the average rate for a 30-year fixed-rate mortgage (FRM) at 4.60%, up from 4.54% last week,...
Mortgage Originations Increased 15% in the Second Quarter
More than two million (2,087,455) loans secured by residential property (one to four units) were originated in the second quarter, an increase of 15%...
Mortgage Lenders Expecting a Dismal Third Quarter
Mortgage lenders are expecting diminished profits in the third quarter, due mainly to increased competition and a shrinking purchase market, according to Fannie Mae’s...
Mortgage Applications Fell For Eight Out of Nine Weeks
Mortgage application volume fell 1.8% on an adjusted basis during the week ended Sept. 7, as the average rate for a 30-year fixed-rate mortgage increased...
Churchill Mortgage Opens New Branch in Denver
Churchill Mortgage has added a new branch in Denver that will be managed by Neil Christiansen.
Christiansen has more than 15 years of experience. Previously, he...
Bob Jennings: Geography Drives Wide Variances in Closing Costs
PERSON OF THE WEEK: Bob Jennings is CEO of ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage...
MBA: Mortgage Credit Availability Decreased For First Time in Four Months
Mortgage credit availability in August decreased 0.3% to a score of 183.5 on the Mortgage Bankers Association's (MBA) Mortgage Credit Availability Index (MCAI).
A decrease...
PromonTech Debuts New, AI-Driven Income Engine For Mortgage Underwriting
PromonTech, a provider of next-generation mortgage technology, has introduced a new income engine, Income AI, that leverages augmented intelligence to learn from underwriters, resulting...
TRK Connection Adds New Functionality to its Mortgage QC Audit Platform
TRK Connection (TRK), a provider of mortgage quality control (QC) and origination management solutions, has added new functionality to its flagship QC audit platform Insight Risk...
Bipartisan Proposal to ‘Restart the Much-Needed Dialogue’ on GSE Reform
Seeking to “restart the much-needed dialogue around housing finance reform,” U.S. Rep. Jeb Hensarling (R-Texas), chairman of the House Committee on Financial Services, along...