Fannie Mae Releases DU Version 10.0, With Support For Trended Credit Data
Version 10.0 of Fannie Mae's Desktop Underwriter (DU), with support for trended credit data, is now out of its wrapper.
The inclusion of support for trended...
MBA: Mortgage Credit Availability Increased In September
Mortgage credit availability increased 1.4% in September compared with August to reach a score of 167.0 on the Mortgage Bankers Association's (MBA) Mortgage Credit Availability...
African Americans, Hispanics Gained Higher Share Of Purchase Loans In 2015
Mortgage originations increased by 1.4 million, or 22%, during 2015, according to Home Mortgage Disclosure Act (HMDA) data recently released by the Federal Financial...
First American Mortgage Solutions Now Integrated With LendingQB
First American Mortgage Solutions recently announced the completion of a series of integrations with LendingQB that will provide users of the loan origination system...
ClosingCorp Introduces New Closing Costs Calculator
ClosingCorp, a provider of residential real estate closing cost data and technology, has released SmartCalc, a next-generation online, customizable closing costs calculator designed to...
MBA: Mortgage Application Volume Jumped 2.9%, Driven By Refis
After decreasing the previous two weeks, total mortgage application volume increased 2.9% on an adjusted basis during the week ended Sept. 30, according to...
CoreLogic: U.S. Home Prices Now 6% Within Peak Seen In April 2006
U.S. home prices increased 1.1% in August compared with July and increased 6.2% compared with August 2015, according to CoreLogic's home price index report.
The report...
UWM Adds Automated Income Verification To Its Suite Of Offerings
United Wholesale Mortgage (UWM) has launched a new tool for its clients: Automated income verification.
“Our new automated income verification tool makes the loan process...
Roostify Expands Management Team With Two New Executive Hires
Jeffrey Brom has joined Roostify, a provider of automated mortgage transaction technology, as vice president of compliance. In addition, Jesse Decker has joined the...
Hispanic Market Represents Huge Opportunity For Mortgage Lenders
The question is, what can they do to tap into it more?
BB&T To Pay $83 Million For Improperly Underwriting FHA Mortgages
Branch Banking & Trust Company (BB&T) has agreed to pay $83 million to resolve allegations brought by the U.S. Department of Justice (DOJ) that...
Two Lenders Settle Allegations They Improperly Underwrote FHA-Backed Loans
Salt Lake City-based mortgage lenders Primary Residential Mortgage Inc. (PRMI) and SecurityNational Mortgage Co. have agreed to pay $5 million and $4.25 million, respectively,...
Lender Price Launches New PPE With Real-Time Capabilities
Lender Price is launching a new Web-based product and pricing engine (PPE) for the mortgage industry.
The new PPE - which offers mobile functionality and...
Pavaso Helps Lender Close First End-To-End E-Mortgage In North Carolina
Mortgage software firm Pavaso and mortgage lender Residential Mortgage Corp. recently completed the first truly end-to-end electronic mortgage, or e-mortgage, in North Carolina.
The “hybrid”...
MetaSource Launches Mortgage Pre-Funding QC Solution
MetaSource, a provider of mortgage quality control (QC) compliance advisory and workflow automation solutions, has launched QReview, a Web-based platform for pre-funding QC audits.
QReview...
Richey May: Mortgage Production Volume Jumped 45.9% In Q2
Mortgage production volume increased 45.9% in the second quarter compared with the first quarter to an average of $702 million per lender - the highest...
Whiteboard Mortgage Hires Brian Benson As President, Chief Operations Officer
Brian Benson has joined Whiteboard Mortgage Software, a provider of mortgage professional productivity and client relationship software, as president and chief operations officer.
Benson has...
New Version Of ACES Geared For Small To Midsize Mortgage Lenders
Smaller lenders typically have a more difficult time paying for technology upgrades related to compliance.
To help them out, ACES Risk Management Co. (ARMCO) has...
Applications For FHA Mortgages Have Less Risk Of Fraud? Huh?
After decreasing 2.8% the previous month, the risk of fraud in mortgage applications was basically flat in August compared with July, according to First...
IBM Acquiring Promontory Financial Group, Creating ‘Watson Financial Services’
IBM plans to build a robo advisor for regulatory compliance by combining Promontory's expertise with the cognitive capabilities of Watson.