Author: PROGRESS In Lending

AnalysisIn The News

iEmergent Brings Local Market Intelligence To MBA’s New CONVERGENCE Knowledge Hub

iEmergent, a forecasting and advisory services firm for the financial services, mortgage and real estate industries, announced its support of the newly launched CONVERGENCE Knowledge Hub, a centralized resource designed to help lenders, nonprofit organizations, housing counselors, real estate professionals and community leaders expand access to sustainable homeownership.

Read More
In The NewsResearch

LodeStar Report Shows Nominal Year-Over-Year Decline In National Average Closing Costs

LodeStar has released its Year-Over-Year Mortgage Closing Cost Report covering 2024 versus 2025. The report analyzes distinct mortgage quotes across all 50 states and the District of Columbia (D.C.), drawn from the company’s closing cost calculator platform. Nationally, purchase loan closing costs declined by 2.9%, driven largely by falling home prices, which reduced transfer tax burdens across many markets. In total, 28 states saw closing costs decrease, while 23 states experienced increases.

Read More
ExpansionIn The News

Tavant Introduces Platform For Agentic Software Engineering, Data Modernization, And Enterprise AI Automation

Tavant introduced Tavant Platform, a next-generation platform for agentic software engineering, data modernization, and enterprise AI automation. As coding agents reshape how software is built, the Platform lets enterprises build automation solutions far faster, reduce the cost of running and maintaining them, and minimize lock-in.

Read More
In The NewsMISMO

MISMO Publishes Document Mappings For Key VA Eligibility Documents

MISMO released standardized data mappings for the VA Request for Certificate of Eligibility (VA Form 26-1880) and the Request for Determination of Loan Guaranty Eligibility – Unmarried Surviving Spouses (VA Form 26-1817). Developed in close collaboration with the U.S. Department of Veterans Affairs (VA), these specifications enable consistent, data-driven exchange of VA eligibility information in support of VA’s Loan Guaranty digital transformation.

Read More
AffordabilityIn The News

Homebuyer Affordability Declined In May

Homebuyer affordability declined in May, with the national median payment applied for by purchase applicants increasing to $2,198 from $2,152 in April. This is according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI), which measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey (WAS).

Read More