Plaza Home Mortgage Adds New Capabilities to its BREEZE LOS
Plaza Home Mortgage Inc., a national wholesale and correspondent lender, has integrated ClosingCorp’s SmartFees solution with its BREEZE loan origination system to give wholesale...
WFG National Title Adds Theresa Williamson as SVP, Compliance
Theresa Williamson has joined WFG National Title Insurance Co., a full-service provider of title insurance and real estate settlement services, as senior vice president, compliance...
Unemployment Hits 3.9%, Lowest in 18 Years
The U.S. economy added 157,000 non-farm jobs in July, pushing the unemployment rate down to 3.9%, the U.S. Bureau of Labor Statistics reports.
Economists had...
MCT Automates Tri-Party Agreement for Bid Tape AOT Loan Sale Executions
Mortgage hedge advisory and secondary marketing software firm Mortgage Capital Trading Inc. (MCT) says it has found a way to automate the Tri-Party Agreement...
Lenders One Promotes Michael Kuentz as CEO
Michael Kuentz has been promoted to CEO of Lenders One, a national alliance of independent mortgage bankers.
Previously, Kuentz served as president.
Kuentz has 20 years of...
Fed Passes on Hike But Mortgage Rates Back on the Rise
Mortgage rates were back on the rise this week, with the average rate for a 30-year fixed-rate mortgage (FRM) at 4.60%, up from 4.54%...
Total Expert’s MOS Now Integrated with Mortgage Coach
Total Expert's marketing operating system (MOS) is now integrated with Mortgage Coach’s borrower conversion platform.
By pairing Total Expert’s marketing automation capabilities with Mortgage Coach's...
Churchill Mortgage Opens New Branch in San Dimas, California
Churchill Mortgage has opened a new branch in San Dimas, Calif. that will be staffed with 19 people.
Mike Hardy and Rick Mount will work at the new location...
Report Shows Millennials’ Preference For New Homes
How much do millennials prefer new homes over existing homes?
According to data from mortgage software firm Ellie Mae, 91% of closed loans for millennials...
Wells Fargo Settles More Legacy RMBS Issues
Wells Fargo will pay a $2.09 billion fine to settle claims that it knowingly misstated borrower information on tens of thousands of mortgage loans...
Harnessing the Power of Mobile Loan Origination
Mortgage lenders across the industry are reporting high levels of stress as they struggle to maintain loan volumes in an increasingly challenging environment. Volume...
Mortgage Applications Fall as Rates Move Upward
Mortgage application volume fell 2.6% on an adjusted basis during the week ended July 27, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage...
Mel Watt Under Investigation for Alleged Sexual Harassment of FHFA Employee
Mel Watt, director of the Federal Housing Finance Agency (FHFA), is reportedly being investigated for alleged sexual harassment of an employee.
According to a Politico...
Karl Dahlgren: To Prepare For TRID 2.0, Mortgage Lenders Must Be Proactive
PERSON OF THE WEEK: Mortgage lenders are scrambling to prepare for the next version of the Consumer Financial Protection Bureau’s (CFPB) TILA-RESPA Integrated Disclosures...
Rising Prices, Interest Rates, Starting to Affect Home Sales
As home prices continue to rise faster than wages and inflation, more Americans are finding themselves priced out of the market.
In addition, it now...
Mortgage Application Defect Risk Held Down By Technology
Mortgage lenders’ investment in technology in order to meet the demand of millennials for a smooth, all-digital, online mortgage experience is paying off in...
Four Execs Promoted at Primary Residential Mortgage
Tom George has been promoted to executive vice president and chief production officer, Ruth Green to executive vice president and chief operations officer, A.J....
Altisource Names Justin Vedder COO of Origination Solutions
Justin Vedder has been promoted to chief operating officer, origination solutions, at Altisource Portfolio Solutions.
Previously, Vedder served as vice president of national sales, origination...
Pending Home Sales Increased Slightly in June, Still Down Year Over Year
After falling in May, pending home sales increased in June, rising 0.9% to a score 106.9 on the National Association of Realtors’ (NAR) Pending...
Home Prices Hit New Highs in Q2, But Appreciation is Slowing
U.S. home prices continued to rise in the second quarter but there are signs that appreciation is slowing is some areas of the country,...