Ascend Federal Credit Union Picks OpenClose to Automate its Mortgage Operations
Ascend Federal Credit Union is the latest mortgage lender to automate its operations with OpenClose’s LenderAssist loan origination system (LOS) and DecisionAssist product and...
Christina Hardin: Improve Vendor Management through Data-Driven Decisions
PERSON OF THE WEEK: Vendor management has become a strong focus for mortgage lenders in recent years, due mainly to new regulations from the...
Digital Risk Hires Sadie Gurley as Head of Diligence Services
Sadie J. Gurley recently joined Digital Risk, a provider of end-to-end origination, due diligence, compliance and technology services, as head of diligence services.
Gurley has...
NAR: Existing-Home Sales Eked Out an Increase in March
Existing-home sales were at a seasonally adjusted annual rate of 5.60 million in March, an increase of 1.1% compared with 5.54 million in February,...
Freddie Mac Taps Sam Khater as Vice President and Chief Economist
Sam Khater, a prominent housing and economics expert with more than 20 years of experience, is Freddie Mac’s new vice president and chief economist.
Khater...
CoreLogic Launches New Income Calculation and Analysis Solution
CoreLogic recently launched a new income calculation and analysis solution designed to improve the mortgage underwriting experience by increasing efficiency, accuracy and standardization of...
Miguel Vega Promoted to Chief Diversity Officer at First Community Mortgage
Miguel Vega was recently promoted to chief diversity officer, senior vice president of business development and community outreach at First Community Mortgage (FCM), a wholly owned...
Mortgage Rates Took Significant Jump
Mortgage rates jumped across the board this week, with the average rate for a 30-year fixed rate mortgage rising five basis points to 4.47%,...
CoreLogic’s Credco Instant Merge Credit Reports Now Available on BeSmartee
CoreLogic’s Credco Instant Merge credit reports are now available on BeSmartee, an adaptive next generation loan origination process that utilizes big data, artificial intelligence...
Adjusting to HMDA: How to Overcome Common Pitfalls
As with any regulatory update, decommissioning the old processes can wreak confusion and breed mistakes during the introductory period.
LoanScorecard Launches POS Solution That Achieves 76% Completion Rate
LoanScorecard, a provider of Fair Lending and CECL loan-loss reserve technology solutions, has released Zip, a mobile-friendly point-of-sale (POS) solution for residential mortgages.
Zip, a...
MBA: Mortgage Applications Jumped 4.9% as Spring Home Buying Season Heats Up
Mortgage application volume jumped 4.9% on an adjusted basis during the week ended April 13, according to the Mortgage Bankers Association's (MBA) Weekly Mortgage...
Refinance Share of Mortgage Activity Fell to 38% in March
The refinance share of mortgage activity plummeted to 38% in March, down dramatically from 43% in February, according to Ellie Mae’s Origination Insight report,...
Karl Dahlgren: Regulatory Training Requires Holistic Approach
PERSON OF THE WEEK: Karl Dahlgren is managing director of BAI, a nonprofit independent organization that helps financial services leaders make smart business decisions.
The...
Housing Starts Increased 1.9% in March, Driven By Multifamily Production
Housing starts in March were at a seasonally adjusted annual rate of 1.319 million, an increase of 1.9% compared with 1.295 million in February...
Ellie Mae Taps Eric Connors to Lead its Digital Mortgage Product Strategy
Eric Connors has joined mortgage origination software firm Ellie Mae as senior vice president of product strategy and management.
Connors previously served as general manager...
Veros, IDS Deliver Integrated Solution for GSEs’ UCD Data Submissions
Veros Real Estate Solutions, a developer of enterprise risk management, collateral valuation, and predictive analytics services, and mortgage document preparation vendor International Document Services Inc. (IDS)...
LendingQB Rolling Out ‘Modular-in-Browser’ Interfaces Aimed at Individual Mortgage Roles
Mortgage origination technology provider LendingQB has introduced OriginatorQB, a loan officer and originator web portal that streamlines the loan origination process.
The solution is part...
Ranieri Solutions, Symbiont Partner to Transform Mortgage Industry with Blockchain
Ranieri Solutions, a financial services technology investment firm founded by Lewis S. Ranieri, father of the securitized mortgage market, has partnered with Symbiont, specializing in blockchain...
Cloudvirga Delivers Single-Click, Dual-AUS Submission of Loan Data
Mortgage point-of-sale (POS) software provider Cloudvirga recently launched single-click submission of loan data to Freddie Mac’s and Fannie Mae’s automated underwriting systems.
The dual-AUS submission...