Jim Smith: Drones Will be of Increased Importance to Valuation Industry
PERSON OF THE WEEK: Jim Smith is president of Property Solutions, a division of the Computershare Group
offering investors and residential lenders a suite...
IDS: Mortgage Lenders Should Address UCD Warnings Prior to June Deadline
Mortgage document preparation vendor International Document Services Inc. (IDS), is advising all lenders to begin troubleshooting warnings from Fannie Mae and Freddie Mac’s Uniform...
Stone Point Acquires Majority Stake in American Mortgage Consultants
Funds managed by Stone Point Capital recently acquired a majority stake in American Mortgage Consultants Inc. (AMC), a provider of outsourced services to participants in the...
Tinker Federal Credit Union Goes All-Digital With Mortgage Cadence
Tinker Federal Credit Union, Oklahoma’s largest credit union, has launched an all-digital, end-to-end mortgage platform using Mortgage Cadence’s product suite, including its Loan Fulfillment Center,...
Laurel Road Launches Digital Mortgage Platform
Building on the success of its student loan refinancing platform, Laurel Road, an online lender and FDIC-insured bank, recently launched a digital mortgage platform...
Castle & Cooke Mortgage Hires Mathew Brumble to Lead Finance Department
Mathew Brumble recently joined Castle & Cooke Mortgage as an executive leading the company’s finance department.
Brumble has 26 years of experience working in the mortgage industry. Most...
Home Point Financial Announces Executive Promotions
Brian Brizard has been promoted to chief business officer at Home Point Financial Corp., a national, multichannel mortgage originator and servicer.
In addition, Lisa Patterson has been...
Planet Home Lending Names Bill Ervin VP of Business Development
Bill Ervin recently joined Planet Home Lending, a privately held mortgage lender and servicer, as vice president of business development, supporting the company’s retail originations channel.
Ervin...
Freddie Mac: Mortgage Rates Fell For Second Consecutive Week
Mortgage rates dipped for a second consecutive week, as the average rate for a 30-year fixed rate mortgage (FRM) fell to 4.40%, down from...
MBA: Mortgage Credit Availability Decreased Again in March
After decreasing 1.2% in February, mortgage credit availability decreased 1.5% in March to a score of 177.9 on the Mortgage Bankers Association’s (MBA) Mortgage...
FHFA Sets Date For Issuance of New Common Security
Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac will start issuing a new, common security - the Uniform Mortgage-Backed Security (UMBS) - in place...
FormFree’s AccountChek Now Integrated with BeSmartee’s Digital POS Platform
FormFree's AccountChek automated asset verification service - which enables borrowers to demonstrate their ability to repay loans by sharing financial data directly with lenders...
Alternative Credit: Providing a Pathway to Homeownership
The key to using alternative sources of credit for the underwriting of mortgage loans is standardization of the alternative credit scoring model.
CoreLogic: Home Prices in Nearly Half of Top 50 Markets are ‘Overvalued’
U.S. home prices continued their upward march in February, rising 1% compared with January and increasing 6.7% compared with February 2017, according to CoreLogic’s...
Black Knight: Rising Rates Mean Fewer Americans Are Tapping Their Home Equity
Due mainly to rising home prices, the total amount of tappable equity in Americans’ homes hit an all-time high of $5.4 trillion in February,...
Recovco Mortgage Management Hires Brad Young as Director of Business Development
Brad Young recently joined Recovco Mortgage Management, a provider of residential and consumer loan fulfillment, due diligence, quality control, transaction management and loan servicing solutions,...
Cloudvirga Enhances its Mortgage POS with New Features
Cloudvirga, a provider of digital mortgage point-of-sale (POS) software, has upgraded its Enterprise POS with new features designed to improve lender speed, compliance and...
Will the Rise of ARMs Increase Mortgage Application Risk?
The risk of defects in mortgage applications was flat in February compared with January, however, it was up 9.2% compared with February 2017, due...
Deutsche Bank Now Using DocMagic’s E-Vault Technology
Deutsche Bank is now using DocMagic’s proprietary e-vault technology to safely and securely store sensitive loan documents.
That means the bank’s document custody group is...
Freddie Mac: Mortgage Rates Held Steady For Second Week
Mortgage rates were more or less flat again during the week ended March 29, with the average rate for a 30-year fixed rate mortgage...