Big Purple Dot Hires Masana Noma-Weprin as Chief Product Officer
Masana Noma-Weprin has joined Big Purple Dot, provider of an ecosystem of mortgage marketing technologies, as chief product officer.
Noma-Weprin has been in the mortgage...
Avidia Bank Adds Nexus Closing to its Suite of Solutions
To offer its customers the convenience of “from anywhere” home financing tools, Hudson, Massachusetts-based Avidia Bank has implemented Nexus Closing, a comprehensive closing solution...
Experian Verify Now Integrated with Freddie Mac Loan Product Advisor
Experian’s income and employment verification service, Experian Verify, is now integrated with Freddie Mac’s Loan Product Advisor asset and income modeler (AIM).
This will enable...
LauraMac Platform Now Integrated with LoanLogics IDEA
Mortgage loan review technology provider LauraMac has completed its integration with LoanLogics IDEA, an intelligent document processing and data extraction technology.
LauraMac’s cloud-based Loan Review...
HUD to Reduce FHA Annual Mortgage Insurance Premiums
The U.S. Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), has announced a 30-basis-point reduction to the annual mortgage...
Mutual of Omaha Mortgage to Acquire Keller Mortgage
Mutual of Omaha Mortgage is acquiring the assets of Keller Mortgage, a member of the Keller Williams (KW) family of companies, for an undisclosed...
NAR: Existing-Home Sales Fell For 12th Straight Month in January
Existing-home sales dipped 0.7% to a seasonally adjusted annual rate of 4.00 million in January, according to the National Association of Realtors (NAR).
That’s down...
Lenders Should Plan Now For Returning Buyers
BLOG VIEW: The housing pendulum has had a major workout recently. In 2020 and 2021, housing demand exploded due to the lowest mortgage rates...
MBA: Applications For New Home Sales Jumped 42 Percent in January
Applications for mortgages for new home purchases jumped a dramatic 42% in January compared with December but were down 3.5% compared with January 2022,...
Barr Group Mortgage Closes First E-Note Mortgage Transaction Using Click n’ Close
Barr Group Mortgage recently completed its first e-note mortgage transaction using Click n’ Close’s non-delegated correspondent e-note program.
Click n’ Close is a multi-state mortgage...
LauraMac Hires Rick Seehausen as Chief Strategy Officer
LauraMac, which offers mortgage loan review technology, has named Rick Seehausen as its new chief strategy officer.
Seehausen has nearly 30 years of mortgage experience....
Incenter Adds Joe Mowery to Business Development Team
Incenter LLC has hired Joe Mowery as senior vice president, enterprise business development, tasked with introducing mortgage executives to Incenter’s solutions for optimizing operations,...
Sales Boomerang and Mortgage Coach Rebrand as TrustEngine
Sales Boomerang and Mortgage Coach, which merged last year, are now operating under a single new name.
The new company name is TrustEngine, an identity...
Rob Nunziata: The Challenge of Keeping Remote Mortgage Workers Compliant
PERSON OF THE WEEK: Although many workers have returned to the office since the pandemic began in early 2020, the trend of remote work...
Mortgage Credit Availability Dipped in December
Mortgage credit availability decreased 0.1% in January and remained at the lowest level since 2013, according to the Mortgage Bankers Association’s (MBA) Mortgage Credit...
Some Mortgage Lenders May Need to Act Now on New Fannie Mae Requirements
BLOG VIEW: In December, Fannie Mae announced significant changes to its Approved Seller/Servicer requirements where, starting in 2023, Sellers must sell a minimum of 12 loans to...
Guild Mortgage Builds Footprint in Southwest Via Legacy Acquisition
Guild Mortgage, a mortgage company that originates and services residential loans, has increased its Southwest presence with the acquisition of Legacy Mortgage, an independent...
New White Paper Seeks to Unravel Mysteries of AI/ML in Mortgage
Black Knight Inc. has released a complimentary white paper that addresses the considerations organizations must take when they are seeking to apply artificial intelligence...
United Wholesale Mortgage Names Andrew Hubacker its New CFO
Andrew Hubacker has been named chief financial officer at United Wholesale Mortgage (UWM).
Hubacker was originally recruited by the late Timothy Forrester, UWM’s previous CFO,...
Mapping Out 2023’s Mortgage Compliance Priorities and Market Pressures
BLOG VIEW: The congressional elections of November 2022 bucked the expectations of past mid-terms. While the Republican party did grab nine seats to gain...