Friday, November 22, 2024

Residential Mortgage

Aduvo Launches New Sales and Marketing Platform for Mortgage Professionals

Aduvo, a new sales and marketing platform designed for mortgage professionals, has officially launched. Created in response to existing marketing systems that are difficult and...

Domain-Centric Large Language Model for Mortgage Being Built by Sourcepoint

Sourcepoint, a Firstsource company offering outsourced mortgage services and solutions, reports that it is building its own domain-centric large language model (LLM) specific to...

BSI Financial Launches New AI-Driven Tool to Identify Borrowers Likely to Refinance

Mortgage technology firm BSI Financial Services has launched Portfolio Guardian, an AI-driven predictor model that calculates the likelihood a borrower will refinance their mortgage...

Unison Mortgage Launches Equity Sharing Home Loan in Oregon

Unison Mortgage Corp., a Unison company, has launched its Equity Sharing Home Loan in Oregon, which enables homeowners to receive cash the same day...

Homebuyer Affordability Improved in September, But it Likely Won’t Last

Homebuyer affordability improved slightly in September, as the national median payment applied for by purchase applicants fell to $2,041, down from $2,057 in August,...

Nearly Half of U.S. Homeowners Now Considered ‘Equity Rich’

About 48% of mortgaged residential properties in the U.S. were considered “equity-rich” in the third quarter, down from a recent peak of 49.2% hit...

Mortgage Applications Basically Flat Last Week as Rates Continued to Rise

Mortgage application volume decreased 0.1% during the week ended October 25, as the average rate for a 30-year fixed-rate mortgage increased to 6.73%, according...

Pending Home Sales Jumped 7.4 Percent in September

Pending home sales jumped 7.4% in September compared with August and were up 2.6% compared with September 2023, according to the National Association of...

Staying Competitive in Mortgage Servicing During the Refinancing Boom

BLOG VIEW: The mortgage industry is expected to see a significant uptick in refinancing activity, driven by recent interest rate cuts. This surge presents...

Lora Helt Joins Ascribe as SVP of National Sales

Lora Helt has joined Ascribe, a national provider of residential and commercial valuation, evaluation, property inspection, and REO services to mortgage lenders and servicers,...

Optimal Blue Adds New Features to its Platform

Optimal Blue has added an expanded AI assistant suite and a new Scenario Optimizer to its PPE, and has also announced free availability of...

Mortgage Bankers Association Taps Laura Escobar as Chair for 2025

Laura Escobar, president of Lennar Mortgage, has been appointed chair of the Mortgage Bankers Association (MBA) for 2025. In addition, Christine Chandler has been named...

Mortgage Origination Volume Forecast to Jump 28 Percent in 2025

Total mortgage origination volume is forecast to increase to $2.3 trillion in 2025, up 28% from the $1.79 trillion expected in 2024, according to...

Ardley’s Platform Now Lets Users Qualify Borrowers Based on Lender-Specified Pricing Adjustments

Ardley, offering technology that parses mortgage servicers’ entire portfolios and identifies viable new origination opportunities in seconds, has launched Forecast, a new feature of...

New Home Sales in September Jumped 4.1 Percent

New home sales in September were at a seasonally adjusted annual rate of 738,000, an increase of 4.1% compared with August and up 6.3%...

FormFree Adds Auto-Matching Capability to its Customer Acquisition Marketplace

FormFree has made several enhancements to its customer acquisition marketplace, including a new auto-matching capability that connects borrowers and lenders in seconds. FFX is the...

NotaryCam Speeds E-Closings With New ‘Done For You’ Program

NotaryCam, which offers remote online notarization technology for real estate and legal transactions, has launched its “Done For You” e-closing program, which provides lenders...

Xactus Hires Sasha Stair as Chief Marketing Officer

Sasha Stair has joined Xactus, a provider of verification solutions for the mortgage industry, as chief marketing officer. Stair has more than two decades of...

CoreLogic Adds Tax Transcripts to its AutomatIQ Borrower Platform

CoreLogic has added a new Tax Transcripts solution to its AutomatIQ Borrower platform, providing mortgage professionals and their clients with efficient, rapid and reliable...

Mortgage Rates Increase for a Fourth Straight Week 

Mortgage rates increased for a fourth straight week, as the average rate for a 30-year fixed-rate mortgage rose to 6.54%, up from 6.44% last...