nesto Receives Financing to Launch nesto Mortgage Cloud
nesto, a digital mortgage lending platform in Canada, has closed an $80 million Series C financing round led by IGM Financial Inc., with support...
MBA: Mortgage Application Volume Grew with Higher Purchase, Refinance Activity
Mortgage applications increased 3.2% on a seasonally adjusted basis from one week ago, according to Market Composite Index data from the Mortgage Bankers Association’s...
MISMO Promotes Jan Davis to Acting President
MISMO, the real estate finance industry's standards organization, has appointed Jan Davis, vice president of operations, to serve as acting president, following the departure...
NAR Expects More Stable Home Prices, 4.78 Million Existing-Home Sales in 2023
The National Association of Realtors (NAR) forecasts that 4.78 million existing homes will be sold, prices will remain stable, and Atlanta will be the...
Craig Crabtree: Expanding Access to Credit With Telecommunications, Pay TV and Utilities Insights
PERSON OF THE WEEK: A critical first step to establishing wealth for many Americans is the purchase of a home. However, the reality is...
Union Home Mortgage Hires Erin Stark to Oversee Texas Branches
Erin Stark has joined Union Home Mortgage (UHM), an independent mortgage banking company with more than 150 branches across the U.S., as regional manager...
Recapturing Abandoned Mortgage Applications with Intelligent Process Automation
BLOG VIEW: After a red-hot summer, the mortgage industry has significantly cooled. The fall in mortgage volume has had devastating effects for mortgage providers....
Updated FHFA, CFPB Data Show Increased Preference for Online Mortgage Process
The Federal Housing Finance Agency's (FHFA) and Consumer Financial Protection Bureau's (CFPB) National Survey of Mortgage Originations (NSMO) suggests that the COVID-19 pandemic shaped...
Purchase Locks Dropped 22 Percent in November, Reports Black Knight
Black Knight Inc.’s latest Originations Market Monitor report, looking at mortgage origination data through November month-end, shows that overall rate lock dollar volume was...
Candor Technology Launches First-Ever Loan Quality Services Underwriting Engine
To further help its clients transform their business models, Candor Technology has introduced its first-ever automated underwriting engine for loan quality services (LQS).
This will enable...
Home Equity Gains Began to Slow in Q3
CoreLogic has released the Homeowner Equity Report (HER) for the third quarter of 2022, which shows that U.S. homeowners with mortgages (which account for...
Sales Boomerang and Mortgage Coach Hire Casey Martin as Chief Revenue Officer
Casey Martin has joined Sales Boomerang and Mortgage Coach as chief revenue officer.
Martin is an experienced sales and go-to-market leader with a track record...
Path Software Adds Third-Party Origination Functionality to its Loan Origination System
Path Software has added a new TPO capability to its LOS.
Known as Path TPO, the new functionality enables clients to quickly and inexpensively enter...
Mortgage Credit Availability Jumped 1.4 Percent in November
Mortgage credit availability increased by 1.4% in November according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that...
Fannie Mae: Consumers Remain Wary of Home Buying and Selling
The Fannie Mae Home Purchase Sentiment Index (HPSI) increased 0.6 points in November to 57.3 - its first increase in nine months, though it...
CoreLogic: Annual Home Price Growth Likely to Move Into Negative Territory by Spring 2023
U.S. home prices dipped 0.1% in October compared with September but remained up 10.1% compared with October 2021, according to CoreLogic’s home price index.
The...
Redfin Predicts Home Sales Will Decrease to Lowest Levels in a Decade
Redfin expects home sales to sink to their lowest level in more than a decade in 2023 as high mortgage rates keep housing costs...
Rob Strickland: Automated Income Verification Saves Lenders Time, Money, Aggravation
PERSON OF THE WEEK: As rates rise and home sales stagnate, mortgage lenders will be looking for ways to reduce operating costs and improve...
8 Percent of 2022 Mortgaged Home Purchases Are Underwater
Despite home price corrections continuing in many markets nationwide driven by tight affordability and higher rates, the pace of price declines has slowed measurably...
Unemployment Rate, Labor Force Participation Rate Continued to be ‘Stuck’ in November
The U.S. economy added 263,000 jobs in November - above expectations - while the unemployment rate remained unchanged at 3.7%, according to the U.S....