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...
Xactus Hires Ross Gloudeman as General Counsel and Chief Compliance Officer
Ross Gloudeman has joined Xactus, a provider of borrower verification solutions to the mortgage industry, as general counsel and chief compliance officer.
Gloudeman has expertise...
Market More Balanced with Recent Sellers Accepting Buyer-Friendly Terms
According to a new Realtor.com survey, 92% of people who sold their home within the last year accepted some buyer-friendly terms and 41% accepted...
Michael Hughes: The Importance of Lending Technology in the Recruiting Process
PERSON OF THE WEEK: As mortgage volume continues to contract, lenders are reducing staff and releasing excess capacity. However, they are still recruiting aggressively...
Ginnie Mae Mortgage-Backed Securities Portfolio Grows to $2.252 Trillion
Ginnie Mae’s outstanding mortgage-backed securities (MBS) portfolio grew for the 13th consecutive month in July, hitting $2.252 trillion, up from $2.229 trillion in June...
RHPI Increases Over 50 Percent Year Over Year, First American Reports
First American Financial Corp.’s June 2022 First American Real House Price Index (RHPI) shows that real house prices increased 53.3% between June 2021 and...
Zillow: ARM Borrowers Trend More Affluent, Place Larger Down Payments
Adjustable-rate mortgages (ARM) are becoming more common as home buyers hunt for ways to save money with today's higher mortgage rates. Rather than buyers...
ATTOM Report Shows Refinance Activity Dropped by Double Digits in Q2 2022
ATTOM’s Q2 2022 U.S. Residential Property Mortgage Origination Report shows that 2.39 million mortgages secured by residential property (1-4 units) were originated in the...