Survey Shows Mortgage Lenders Feeling More Confident Heading Into 2017
Mortgage lenders have fewer concerns about regulatory compliance compared with one year ago, and technology is a big part of the reason why, according...
Survey: 70% Of Lenders Expect Mortgage Loan Production Costs To Rise In 2017
More than four out of five mortgage lenders plan to increase spending on automation technology to reduce loan production costs next year, a recent...
David G. Kittle Named President Of The Mortgage Collaborative
David G. Kittle, CMB, former chairman of the Mortgage Bankers Association, has been named president of The Mortgage Collaborative (TMC), an independent mortgage lending...
Freddie Mac: Fixed Mortgage Rates Back Near 4.0%
Fixed mortgage rates hit a 10-month high during the week ended Nov. 17, when the average rate for a 30-year fixed-rate mortgage (FRM) hit...
Metro-West Appraisal Launches ‘Three Columns Of Protection’
Metro-West Appraisal Co. is now offering its “Three Columns of Protection” program, which limits liability for the firm's clients.
The first column of protection in...
Credit Plus Now Offering Reps And Warranties Coverage For Clients
Credit Plus, a provider of intelligent insight for mortgage professionals, recently announced that it is offering expansive reps and warranties coverage to lenders that...
Guardian Mortgage Partnering With Blend To Launch Digital Mortgage Experience
Guardian Mortgage Co. reports that it is now using Blend's mortgage platform to bring its mortgage processes into the digital age.
The platform allows Guardian...
Housing Starts Jumped 25% In October
Housing starts were at a seasonally adjusted annual rate of about 1.323 million in October - an increase of 25.5% compared with a revised...
PCLender Releases Updated Version Of Its LOS
PCLender has released the next generation of its loan origination system (LOS).
The new version supports consumer direct, retail, wholesale and correspondent business channels; has...
MCT Enhances Its Best Execution Services
In an effort to outpace existing competitor offerings and capture additional business, hedge advisory firm Mortgage Capital Trading Inc. (MCT) has added a number...
Element Funding Opens First Branch In Sarasota, Fla.
Regional lender Element Funding, a division of Primary Residential Mortgage Inc., has opened its first branch office in Sarasota, Fla.
Gary Tuorto, area sales manager;...
ValuAmerica’s Appraisal, Title, Closing And Settlement Services Now Integrated With Encompass
ValuAmerica, a wholly owned subsidiary of Clayton Holdings offering appraisal, title, closing and settlement services, reports that it has successfully integrated its ValuNet xsp...
OpenClose Updates Its LOS With New Online And Mobile POS Tools
OpenClose reports that it has updated its enterprise-class, multichannel loan origination system (LOS) to include online and mobile point-of-sale tools.
Specifically, the firm has enhanced...
DOJ’s Case Against Quicken Loans To Be Heard In Detroit
The U.S. Department of Justice's (DOJ) case against Quicken Loans over the alleged faulty underwriting of Federal Housing Administration (FHA) loans has been transferred to...
MBA: Applications Down After Election Boosted Mortgage Interest Rates
Due mainly to a significant hike in mortgage interest rates, which came in reaction to the election results, mortgage application volume decreased 9.2% on...
FHA’s MMI Fund Sees Strong Growth, But Instability Persists In HECM Portfolio
It was the fourth consecutive year that the fund grew and the second consecutive year that the FHA’s reserve ratio exceeded the congressionally required 2% threshold.
MBA: Mortgage Applications For New Home Purchases Fell Slightly In October
Applications for mortgages for new home purchases decreased 2.3% in October compared with September but increased 8.3% compared with October 2015, according to the Mortgage...
Guild Mortgage Signs Up For AccountChek
Following FormFree's announcement during the Mortgage Bankers Association's (MBA) Annual Convention & Expo that its AccountChek asset verification service is the first to get...
Anthony Branda Joins Embrace Home Loans As Chief Data Officer
In an effort to improve the customer experience, Embrace Home Loans, operating in 46 states and Washington, D.C., has hired financial services industry veteran...
Survey: Most Real Estate Agents Steer Clients To Select Mortgage Lenders
A recent survey commissioned by Freddie Mac underscores just how important the relationship between real estate agents and mortgage lenders continues to be.
According to...