MeridianLink Acquires OpenClose Residential Mortgage Software Company
MeridianLink Inc. has completed the acquisition of OpenClose, a fintech provider of residential mortgage software solutions for banks, credit unions and independent mortgage lenders.
The...
New Construction Home Volume for Sale in Q3 Set Record High
Twenty-nine percent of U.S. single-family homes for sale in the third quarter were new construction – the highest share of any third quarter on...
Souren Sarkar: Smart Data Fabrics Could Propel the Mortgage Industry to the Next Level
PERSON OF THE WEEK: Data is the life blood of today’s mortgage process. Without data, the origination and servicing of mortgage loans would be...
Surprisingly Strong Job Gains in October as Unemployment Bobbed Back Up to 3.7 Percent
The U.S. economy added 261,000 jobs in October, stronger than expected, while the unemployment rate increased slightly to 3.7%, up from 3.6% the previous...
Q2, CloudKaptan Collaborate with Prompt Financial on Loan Process Platform
Digital home lender Prompt Financial Solutions has partnered with Q2 Holdings Inc., a provider of digital transformation solutions for banking and lending, and CloudKaptan...
loanDepot Opens New Digital Home Equity Line of Credit for Customers
loanDepot Inc. has unveiled a digital home equity line of credit (HELOC). Using a sophisticated technology platform enabled by digital tools and data, this...
inflooens, Salesforce Debut New Mortgage Loan Processing Platform
inflooens, a next-generation customer relationship management (CRM), point-of-sale (POS) and loan processing platform bolstered by Salesforce, has launched. The inflooens solution has a single-pane-of-glass...
ATTOM: Nearly Half of Mortgaged Residential Assets Deemed Equity-Rich in Q3
ATTOM’s Q3 2022 U.S. Home Equity & Underwater Report shows that 48.5% of mortgaged residential properties in the United States were considered equity-rich in...
loanDepot, National HomeCorp Create Mortgage Solutions Joint Venture
loanDepot has formed NHC Mortgage, a new joint venture with National HomeCorp, a Georgia-based homebuilder specializing in affordable single-family homes co-founded by Wade Jurney.
NHC...
MBA: Mortgage Application Volume Maintains Slow Decrease
The Market Composite Index, a measure of mortgage loan application volume, decreased 0.5% on a seasonally adjusted basis from one week ago, according to...
Mortgage Lenders Should Avoid the ‘Trap’ of Old Technology
BLOG VIEW: As we continue to work through the fall conference season, we’re seeing plenty of messages from people telling us they have something...
Polly PPE Integrated with Mortgage Coach
Mortgage Coach, a platform empowering mortgage lenders to educate borrowers with interactive home loan presentations, is now integrated with Polly, a provider of SaaS...
Lenders One Opens Mortgage Branch Location at Walmart Store in Orlando
Lenders One Cooperative, a national alliance of independent mortgage bankers, banks and credit unions, and managed by a subsidiary of Altisource Portfolio Solutions S.A.,...
Florida Leads with Highest Price Gains in September
CoreLogic’s CoreLogic Home Price Index (HPI) and HPI Forecast show U.S. home price growth continued to relax on a year-over-year basis in September 2022,...
High Rates, Inflation Prompt Homebuyers to Migrate to More Affordable Places
Surging mortgage rates and persistently high home prices are motivating many of the buyers who remain in the market to relocate to more affordable...
Tavant Integration with Experian Drives Mortgage Application Efficiency
Tavant, a Silicon Valley-based provider of digital lending solutions, and Experian, a global information services company, have integrated Experian’s Enhanced Instant Form Fill for...
Waterstone Mortgage Promotes Brian Wesselhoff to CIO
Brian Wesselhoff has been promoted to chief information officer at Waterstone Mortgage.
In his new role as CIO, Wesselhoff will lead Waterstone Mortgage’s many technology...
As Mortgage Rates Continued to Climb, Affordability Fell in September
Homebuyer affordability dropped in September, as the national median payment applied for by applicants increased 5.5% to $1,941 from $1,839 in August. This is...
Pending Home Sales Dropped Over 10 Percent in September, NAR Shows
Pending home sales trailed off for the fourth consecutive month in September, according to the National Association of REALTORS. All four major regions recorded...
Number of Mortgage Applications Declined Again, MBA Reports
Mortgage applications decreased 1.7% on a seasonally adjusted basis from a week ago, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage...