Black Knight: Rising Home Prices Pushed Homeowner Equity Up 35 Percent in 2021
Driven by rising home prices, homeowner equity in the U.S. increased a whopping 35% - or nearly $10 trillion - in 2021, according to...
Bjelac to Lead Sprout Mortgage National TPO Sales Channel
Sprout Mortgage, a non-QM originator and lender, has promoted Samuel Bjelac to executive vice president to lead Sprout's national TPO sales channel. He will...
ConsumerDirect Mortgage Rebrands to ‘Real Genius’
To better align the company brand with its technology that makes the mortgage process easier and more economical for consumers, ConsumerDirect Mortgage, a division...
Shalecia Callaway: The Critical Importance of Diversity in Mortgage
PERSON OF THE WEEK: Diversity, equity and inclusion (DEI) is a high priority in 2022 as mortgage lenders work to increase access to homeownership...
Cherry Creek Mortgage Hires Lisa Gibbs as VP of CRM Technologies
Lisa Gibbs recently joined Cherry Creek Mortgage as vice president of CRM technologies.
Gibbs brings a wealth of knowledge and experience to her new role,...
‘Double Trouble’ for Many Americans: High Prices and Low Inventory
The surging residential real estate market of the last two years led to record-high home prices and record-low inventory. This simultaneous “double trouble” has...
Americans Returning to Work as Unemployment Drops to 4 Percent in January
The U.S. economy added 467,000 jobs in January, while the unemployment rate remained flat at 4.0%, according to the U.S. Bureau of Labor Statistics.
Most...
Redfin Forecasts Slowing Price Growth and Flat Home Sales
Home-price growth, which has been in the double digits since summer 2020, is expected to slow to an annual rate of 7% by the...
Angel Oak Home Loans Opens New Branches in California and Mississippi
Non-QM mortgage lender Angel Oak Home Loans has opened two new branches in California and Mississippi.
The new location in Camarillo, Calif., will be led...
Tavant FinDecision, PennyMac Integrate Digital Solutions for Brokers
Tavant, a provider of digital lending solutions, is collaborating with PennyMac Financial Services Inc., a publicly traded residential mortgage companies. Pennymac has integrated Tavant...
Despite Economic Impact of Pandemic, U.S. Homeownership Rate Basically Flat in 2021
The U.S. homeownership rate in the fourth quarter of 2021 was 65.5%, up slightly from 65.4% in the third quarter and down slightly from...
Surefire CRM Integrates with Empower LOS for Mortgage Lenders
Surefire, Black Knight Inc.’s customer relationship management (CRM) and marketing automation software, has been seamlessly integrated with its Empower LOS, an end-to-end loan origination...
Challenging Mortgage Process Still Poses an Issue in Current Competitive Housing Market
Finicity has released its new "High Demand, Higher Hurdles in the Mortgage Market report," revealing key findings around the issues consumers face during the...
LLR Partners Invests in Sales Boomerang and Mortgage Coach
Philadelphia-based private-equity firm LLR Partners has made strategic investments in Sales Boomerang, a provider of automated borrower intelligence and retention software for lenders, and...
Panorama Mortgage Group Hires Gonzalez as President and COO
Sarah Gonzalez has joined Panorama Mortgage Group (PMG), a multi-brand national mortgage company headquartered in Nevada, as president and chief operations officer.
Gonzalez has more...
What Mortgage Lenders Need to Succeed in the New Purchase Market
BLOG VIEW: As the mortgage industry moves into 2022, the primary goal for the vast majority of lenders is maintaining momentum. The growth lenders...
loanDepot Closes Securitization of Residential Investment Property Mortgages
loanDepot Inc. has closed Mello Mortgage Capital Acceptance 2022-INV1, a $597 million securitization of agency-eligible mortgages secured by residential investment properties, originated through its...
Vesta Receives Investment to Enhance Mortgage SaaS Technology Infrastructure
Vesta, a mortgage loan origination system software-as-a-service (SaaS) company, has received a $30 million Series A investment led by Andreessen Horowitz, with participation from...
Ross Mortgage Announces Three Leadership Promotions
Sheri Crump has been promoted to chief operating officer, Nancy Aupperle has been promoted to executive vice president of branch growth and retention, and...
Tavant Hires Dawn Svedberg as Head of Fintech Product Sales
Dawn Svedberg is the new head of fintech product sales at Tavant, which offers digital lending solutions to the mortgage industry.
Svedberg was most recently...