Author: PROGRESS In Lending

Execs On The MoveIn The News

FICS Announces Leadership Succession Plan, Names New Co-Presidents For 2026

FICS® (Financial Industry Computer Systems, Inc.), a provider of loan origination software and commercial servicing software for the mortgage industry, announced significant leadership changes as part of a strategic succession plan. Susan Graham, who has served as president for 18 years, will transition to a new role as Senior Vice President of Employee Education while maintaining her position on the company’s board of directors. Shalecia Callaway and Aaron Lynch will assume the roles of Co-Presidents, effective January 1, 2026.

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In The NewsServicing

United Wholesale Mortgage Selects ICE Mortgage Technology To Power In-House Servicing Strategy

Intercontinental Exchange, Inc. (NYSE: ICE), a provider of technology and data, announced that United Wholesale Mortgage (UWM) has signed a long-term agreement to license ICE Mortgage Technology’s MSP loan servicing system. Selecting MSP will allow the nation’s largest mortgage lender to bring its servicing operations in-house with a modern, comprehensive solution that streamlines the entire servicing process.

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Commercial & MultifamilyIn The News

Total Commercial Real Estate Borrowing And Lending Increased 16 Percent In 2024

Total commercial real estate (CRE) mortgage borrowing and lending is estimated to have totaled $498 billion in 2024, a 16 percent increase from the $429 billion in 2023, and a 39 percent decrease from $816 billion in 2022. This is according to the Mortgage Bankers Association’s (MBA) 2024 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation.

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In The NewsIndustry Trends

New Report Details Lending Trends

Cotality, a global property information, analytics, and data-enabled solutions provider, released its latest findings on the housing and mortgage markets. While the spring homebuying season is in full swing, homebuying activity continues to be challenged by elevated and volatile mortgage rates as well as affordability challenges resulting from surging costs of insurance and property taxes. These market dynamics are putting pressure on existing homeowners as well as future buyers. At the same time, pockets of homebuyers are benefiting from increased for-sale inventories and a slower rate of home price appreciation, particularly among condominium homes.

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