AmeriFirst Home Mortgage Hires Doug Long as Southeast Divisional President
Mortgage industry veteran Doug Long recently joined AmeriFirst Home Mortgage, a division of AmeriFirst Financial Corp., as Southeast divisional president.
Previously, Long served as executive...
MBA: Mortgage Application Volume Falls Again
After decreasing 4.6% the previous week, total mortgage application volume fell 2.6% on an adjusted basis during the week ended Oct. 27, according to...
First American: Application Defect Risk Increased in Storm Ravaged Areas
The overall risk of “defects” in mortgage applications decreased 1.2% in September compared with August and was down 20.3% compared with September 2016, according...
First American Launches New API Platform That Spans the Spectrum
To help lenders and fintechs achieve digital transformation more quickly, First American Mortgage Solutions recently unveiled a new API platform that it has dubbed...
PRMI Hires Eric Sinar as Loan Officer for its Canton Office
Mortgage industry veteran Eric Sinar has joined Primary Residential Mortgage Inc. (PRMI), a mortgage lender serving the Baltimore area, as a loan officer in...
PathSoftware’s LOS Now Integrated with ComplianceAnalyzer
PathSoftware’s loan origination system (LOS) is now integrated with ComplianceAnalyzer, an automated compliance solution from ComplianceEase.
As such, users of PathSoftware’s LOS can now automatically...
CA Rolls Out New Appraisal Accuracy Tool
Collateral Analytics has introduced a new tool used for gauging appraisal accuracy.
The traditional process when appraising a home for purchase is for the appraiser...
Black Knight: U.S. Home Prices Hit Another Peak in August
U.S. home prices hit another new peak in August, rising 0.24% compared with July and increasing 6.24% compared with August 2016, according to Black...
NAR: September Pending Home Sales Lowest Since January 2015
Pending home sales in September were flat compared with August but were down about 3.5% compared with September 2016, according to the National Association...
Mortgage Coach Now Integrated with Tavant’s FinXperience-Retail Platform
Mortgage Coach, which offers software that helps coach consumers through the online mortgage process, has integrated its technology with Tavant Technologies' FinXperience-Retail platform, thus...
Northpointe Bank Hires Phil Durban as Director of Business Development, Community Lending
Mortgage industry veteran Phil Durban recently joined Northpointe Bank as director of business development, community lending.
Durban has more than 30 years of experience in...
UWM Offering Single Source Validation via Fannie Mae Pilot Program
Mortgage brokers doing business with United Wholesale Mortgage (UWM) are among the first in the country with access to a more streamlined origination process,...
Capsilon Rolls Out New Digital Mortgage Platform and POS Portals
Mortgage technology provider Capsilon has unveiled the Capsilon Digital Mortgage Platform, an all-digital mortgage processing platform that utilizes Intelligent Process Automation to transform mortgage...
Mel Watt: Whether GSEs Should Use Alternative Credit Scoring Models is ‘Tough Decision’
Whether government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac should pave the way for the use of alternative credit scoring models in the underwriting...
New Home Sales Hit Highest Rate Since October 2007
New home sales in September were at a seasonally adjusted annual rate of about 667,000, an increase of 8.9% compared with a revised rate...
MBA: Applications For Purchases Fell 6%
Mortgage application volume fell this past week; however, unlike the previous dips, the decrease was due to a significant decline in applications for purchases.
In...
David Stevens to Retire as President and CEO of MBA in 2018
David H. Stevens, president and CEO of the Mortgage Bankers Association (MBA), has announced his plans to retire on Sept. 30, 2018.
“With my cancer...
Carson: HUD Will Review Enforcement Practices For FHA-Backed Loans
Dr. Ben Carson, director of the U.S. Department of Housing and Urban Development (HUD), on Monday told attendees at the Mortgage Bankers Association’s (MBA)...
Mel Watt: Need For Housing Finance Reform Becoming More Urgent
Mel Watt, director of the Federal Housing Finance Agency (FHFA), on Monday once again sounded the alarm on housing finance reform, telling attendees at...
ClosingCorp Data Shows Where Closing Costs Are Highest
Which states had the highest closing costs in October?
According to a recent report from ClosingCorp, New York had the highest average closing cost at...