Blend Introduces Automated Instant Home Equity Solution
Blend, a cloud banking software provider, has debuted Instant Home Equity, an automated end-to-end digital home equity product for lenders. The comprehensive solution integrates...
RON Services Launched in Texas by Network Transaction Solutions
Network Transaction Solutions (NTS) recently introduced its RON (remote online notarization) services in Texas.
The multi-state provider of title support services reports that it has...
Pending Home Sales Continued to Slow in July
Pending home sales dipped 1.0% in July compared with June and were down 19.9% compared with July 2021, according to the National Association of...
NAR: Typical Mortgage Payments Increase by 54 Percent in One Year
In June, housing affordability plummeted to its lowest level since 1989, according to the National Association of REALTORS. Accounting for a 30-year fixed-rate mortgage...
Flagstar Continues Loan Servicing Contract with Black Knight
Flagstar Bank has signed a contract extension to continue using the Black Knight MSP loan servicing system, a comprehensive, end-to-end loan servicing system that...
SingleSource Property Solutions Launches New Standardized Attorney Opinion Letter
SingleSource Property Solutions, a provider of property services supporting the U.S. housing industry, has launched the SingleSource Attorney Conclusion of Title (ACT), a standardized...
Fannie Mae ESR Group Expects Large Decrease in Total Home Sales
Tightening monetary policy and elevated inflation remain the primary causes of a stagnating economy despite strong job growth, according to August 2022 commentary from...
Applications Dropped by Nearly 16 Percent Since June 2021, MBA Finds
Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for July 2022 shows mortgage applications for new home purchases decreased 16.1% compared from a...
Commercial, Multifamily Originations Increase 19 Percent from Q2 2021 to 2022
Commercial and multifamily mortgage loan originations increased 19% in the second quarter of 2022 compared to the same period last year, reports the Mortgage...
First American Debuts New AVM for Lenders
First American Data & Analytics, a division of First American Financial Corp., has debuted Procision, a new automated valuation model (AVM) suite that uses...
Housing Supply Reaches Balancing Point with Decreasing Listings, Buying
The housing market slowdown is starting to slow down, according to a new report from Redfin. Fewer homeowners are listing their homes due to...
Promontory MortgagePath Hires John Gust as Director of Product Management
John Gust has joined Promontory MortgagePath, a provider of digital mortgage and fulfillment solutions, as director of product management.
Gust has more than 18 years...
New Closing Fee Calculator From LodeStar Integrated With Encompass
LodeStar Software Solutions, a national provider of closing fee-related compliance tools for mortgage lenders, has launched LodeStar Connect, a closing fee calculator for mortgage...
NAR Reports Sixth Consecutive Drop in Existing-Home Sales in July
The National Association of REALTORS says existing-home sales sagged for the sixth straight month in July. All four major U.S. regions recorded month-over-month and...
Angel Oak Incorporates SimpleNexus Platforms into Loan Application Process
Angel Oak Home Loans has selected nCino company SimpleNexus’ Nexus Engagement and Nexus Origination to support a streamlined mortgage experience for a wide range...
Zillow Finds Homes in Lower Price Range Drawing Stronger Competition
As home-buying demand cools from the record pace of 2021, competition is now hottest for the lowest-priced homes as mounting affordability obstacles stretch buyers'...
Homebuyers Withdraw from Deals with Slowing Market, Declining Competition
Nationwide, roughly 63,000 home-purchase agreements fell through in July, equal to 16.1% of homes that went under contract that month, according to a new...
Fairway Independent Mortgage Corp. Adds to its Team of Originators
Mortgage industry veteran Scott Bristol has joined Fairway Independent Mortgage Corp. as senior vice president, sales and recruiting, while Brian Chick has been hired...
Eleven Mortgage Using OptifiNow Wholesale-Centric CRM Platform
Eleven Mortgage, the wholesale division of Benchmark Mortgage, is now using OptifiNow’s wholesale-centric CRM platform.
"OptifiNow has all of the features we were looking for,"...
Q2 Banks, Credit Unions Offer Digital Home Loan Process from Rocket Mortgage
Q2 Holdings Inc., a provider of digital transformation solutions for banking and lending, and Rocket Mortgage, a mortgage lender and a part of Rocket...