FormFree Taps Kevin Harrington of Shark Tank Fame to Promote New Verification Service
Verifications solutions provider FormFree has partnered with serial entrepreneur Kevin Harrington of "Shark Tank" to promote Passport, a free service that makes it easy...
CoreLogic: Mortgage Fraud Risk Decreased 3.1 Percent in Q2
The risk of fraud in mortgage applications increased 1.6% in the second quarter compared with the first quarter but was down 3.1% compared with...
Freddie Mac: Average Rate for 30-Year Mortgage Hit 7.49 Percent
The average rate for a 30-year fixed-rate mortgage continued to climb this week, reaching 7.49% as of Oct. 5, up from 7.31% last week,...
First American Bundles PCN Network’s SAFEvalidation Service
PCN Network’s SAFEvalidation service, a wire verification offering designed for title agents, is now included with First American Title’s underwriting services.
The service is at...
Citywide Home Loans Taps Veteran Mortgage Lending Executive John Cady as President
Mortgage industry veteran John Cady has joined Citywide Home Loans, a national mortgage lender powered by the financial stability and innovative technology of Guaranteed...
MeridianLink Launches New Configurable POS Solution
MeridianLink, a provider of software platforms for financial institutions and consumer reporting agencies, has launched a new, enhanced point-of-sale (POS) solution for account opening...
MCT: High Rates and Low Supply Dragged Down Mortgage Lock Volume in September
Mortgage lock volume dropped 13.29% in September, as rates and home prices both continued to rise, according to Mortgage Capital Trading, a mortgage hedge...
SimpleNexus Officially Rebrands as nCino’s Mortgage Suite
Following its acquisition by nCino in January 2022, SimpleNexus has officially rebranded as nCino’s Mortgage Suite.
Since the acquisition, SimpleNexus’ market share in the mortgage point...
MBA: Mortgage Applications Fall to Lowest Level Since 1996
Mortgage application volume plummeted 6% during the week ended September 29, as the average contract rate for a 30-year fixed-rate mortgage increased to 7.53%,...
ATTOM: Homeownership Now Consumes 35 Percent of the Average Wage Nationwide
Homeownership became significantly less affordable during the third quarter, as both mortgage rates and home prices continued rise, according to ATTOM’s 2023 U.S. Home...
Black Knight: Cash-Out Refis Have Been Surging
A recent surge in cash-out refis has defied expectations.
Black Knight’s Mortgage Monitor report reveals that these cash-outs are primarily being sought by borrowers with...
Dark Matter Gains Affiliate Membership in ACUMA
Dark Matter Technologies, formerly Black Knight Origination Technologies, reports that it has joined the American Credit Union Mortgage Association (ACUMA) as an affiliate member.
Through...
Appraisal Firewall From Xactus Can Fulfill Fannie Mae Property Data Collection Orders
Verification solutions provider Xactus has announced that its Appraisal FirewallX valuations solution has met the requirements and is capable of fulfilling Fannie Mae property...
CoreLogic: Home Prices Inched Up Again in August, Forecast to Rise 3.4 Percent
U.S. home prices continued to rise in August, increasing 0.3% compared with July and up 3.7% compared with August 2022, according to CoreLogic.
It was...
Randy Kozlowski: Mortgage Servicers Can Expect More Problems with Escrow in the Near Future
PERSON OF THE WEEK: Having access to current and accurate property tax data is critical for any mortgage servicer. The monitoring of property tax...
Mortgage Machine Services Hires Dan McGrew as Director of Sales
Dan McGrew has joined Mortgage Machine Services, offering digital origination technology to residential mortgage lenders, as director of sales.
McGrew has nearly three decades of...
LenderLogix Integrates LiteSpeed POS with Encompass
LenderLogix has integrated LiteSpeed’s mortgage point of sale system with the Encompass loan origination system by ICE Mortgage Technology.
Through the integration, leads flow directly...
ACES, ActiveComply Team to Help Mortgage Lenders with Social Media Compliance
ACES Quality Management and ActiveComply are partnering to help financial services firms address social media compliance and quality control needs.
The new partnership aims to create...
MMI Adds New Dashboards to Help Lenders Identify CRA, LMI, MMCT Opportunities
Minority homeownership is on the rise and is expected to continue to grow, as predicted by The Urban Institute. Between 2020 and 2040, there...
Homebuyer Affordability Continued to Erode in August
Homebuyer affordability decreased in August, as the national median payment applied for by purchase applicants increased to $2,170, up from $2,162 in July, according...