Staircase Launches Tool That Automates Non-Delegated MI Underwriting
Mortgage tech firm Staircase has launched a tool that gives private mortgage insurers the ability to automate the underwriting of non-delegated mortgage insurance (MI)...
CFPB Report Shows Shift from Refinancing Activity to More Home Purchases
The Consumer Financial Protection Bureau (CFPB) has released its annual report on residential mortgage lending activity and trends for 2021, showing a shift from...
Select Portfolio Servicing Integrates Rushmore Contracts, Personnel
Select Portfolio Servicing Inc. (SPS) has entered into a definitive asset purchase agreement with Rushmore Loan Management Services LLC to acquire certain Rushmore assets,...
Home Values Continue Downward Decline in Previously Popular Areas, Zillow Reports
Home values slipped for the second consecutive month as mortgage costs continue to sideline buyers, according to Zillow's latest market report. Affordability is driving...
Rate of Critical Defects Fell Again in Q1, as Mortgage Lenders Prepare to Stretch...
The rate of critical defects in mortgage loans stood at 1.93% as of the end of the first quarter of 2022, down 0.2% compared...
SingleSource Names Jodi Bell VP of National Sales
Jodi Bell has joined SingleSource Property Solutions, a provider of residential property services supporting the U.S. housing industry, as vice president of national sales.
Bell...
Mortgage Fraud Risk Decreases 7.5 Percent from Q2 2021 to 2022
CoreLogic’s Mortgage Fraud Report shows a 7.5% year-over-year decrease in fraud risk at the end of the second quarter of 2022, as measured by...
Sales Boomerang and Mortgage Coach Hire Rich LaBarca as Chief Product and Technology Officer
Rich LaBarca has joined Sales Boomerang and Mortgage Coach as chief product and technology officer.
The two businesses recently merged.
An enterprise technical product executive and...
Mike Whiting: For Reverse Mortgages, Timely and Accurate Payment of Property Taxes is Critical
PERSON OF THE WEEK: Reverse mortgages are forecast to increase in the coming years which means mortgage servicers and subservicers that handle these products...
Black Knight: Median U.S. Home Price Fell For First Time in 11 Years in...
Due to rising mortgage rates and subsequent lack of buyer demand, the median price for a home in the U.S. fell for the first...
Rate Lock Volume Increased in August But Remains Sharply Down From Last Year
Mortgage rate lock volume increased in August, due mainly to lower mortgage rates, but remains sharply down from a year ago.
Mortgage Capital Trading’s (MCT)...
Newrez Debuts 40-Year Non-QM Mortgage Option
Newrez LLC, a national mortgage lending and servicing organization, has upgraded its Smart Series non-qualified mortgage (Non-QM) product lineup with the launch of its...
Home Price Growth Slows, Remains High at Nearly 16 Percent Year Over Year
The CoreLogic Home Price Index (HPI) and HPI Forecast for July 2022 show annual home price growth slowed for the third consecutive month in...
U.S. Economy Added Jobs in August But Unemployment Rate Ticked Up to 3.7 Percent
The U.S. economy added 315,000 jobs in August - fewer than analysts had expected - and the unemployment rate increased to 3.7%, according to...
Sale-to-List Price Ratio Falls Below 100 Percent for First Time Since March 2021
The average home sold for less than its list price for the first time in over 17 months during the four-week period ending August...
Homebuying Competition Continues to Cool Down, Realtor.com Reports
The U.S. housing market offered buyers more breathing room to make decisions in August, with the first year-over-year increase in time on market (+5...
Snapdocs, STRATMOR Research Mortgage Process Optimization for Borrowers
Mortgage lenders know they must offer a superior experience to acquire repeat business and earn customer referrals. Yet the mortgage process remains stressful for...
AMOCO Federal Credit Union Integrates Black Knight LOS, Servicing Solutions
AMOCO Federal Credit Union, a credit union based out of eastern Texas with members across the country, has signed a contract to implement Black...
AFR Adds Tavant Touchless Documents to Digital Mortgage Workflow
Digital lending solutions provider Tavant and American Financial Resources Inc. (AFR), a national mortgage lender, have partnered to enhance the lender’s digital mortgage experience....
FormFree AccountChek Service Integrated with Docutech Solex Platform
FormFree’s AccountChek verification service is now integrated with with Docutech’s Solex e-delivery, e-sign, e-close and e-vault platform.
The integration delivers an improved borrower experience, while...