SimpleNexus launched the integration of its Nexus Closing eMortgage solution with DocMagic’s eVault and eNote technologies. The integration enables automated generation of an eNote with a tamper-evident seal and delivers the eNote to a secure eVault for delivery to the MERS® eRegistry.
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Embrace Home Loans, a top-ranked national mortgage lender, announced Kim Castiglioni has been named vice president of market growth and national condominium program manager. Castiglioni is responsible for expanding the company’s retail mortgage sales team in the Southeast U.S., developing strategic alliances with prospective clients, and leading Embrace’s growth strategy for condominium and cooperative property financing nationwide.
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In its September Insights Report, mortgage advisory firm STRATMOR Group points to data that suggest that this year will be one of the biggest years for industry Mergers & Acquisitions (M&A) activity. In “Mortgage Industry Consolidation: Fact, Fiction or Frenzy?” David Hrobon, STRATMOR Group Principal and former Chairman and CEO of Wintrust Mortgage, connects the dots between industry profitability and M&A activity.
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Climate change triggered by global warming will continue at an unpredictable pace and will add stress to the complex system of allocating risks across housing and housing finance stakeholders, according to a new research report released by the Mortgage Bankers Association’s (MBA) Research Institute for Housing America (RIHA).
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Mortgage applications increased 4.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 17, 2021. The previous week’s results included an adjustment for the Labor Day holiday.
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Williston Financial Group (WFG), a Portland-based, full-service provider of title insurance and real estate settlement services for commercial and residential transactions nationwide, has released the findings of its 2021 survey of WFG Executive Roundtable members and other industry leaders, and the results signal a marked increase in concern over the impact lengthy turnaround times are having on real estate transactions.
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MISMO, the real estate finance industry’s standards organization, announced a collaboration to develop the MISMO e-Eligibility Service, Powered by Snapdocs (the e-Eligibility Service). The online service will be developed in partnership with Snapdocs, Inc., a leading digital closing platform for the mortgage industry. This resource will enable mortgage industry participants to better understand how digital a mortgage transaction can be. It will help lenders easily determine the right type of digital mortgage closing for each loan by quickly assessing the different factors that impact its e-Eligibility, or its ability to be digitized.
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Residential mortgage lender, Homespire Mortgage, has announced the success of its recent Homespire CAN food drive, an initiative to help reduce childhood hunger and support the local communities in which employees live and work. With an initial goal of raising one ton of non-perishable food donations for local non-profit pantries and organizations, Homespire’s employees worked together to more than triple this goal. According to Feeding America, Homespire’s donation of 7,211 pounds of food will equate to 6,009 meals for families in need.
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The Lincoln Family of Companies has launched a title and settlement services franchise business, TitleEase, to allow entrepreneurs involved in the real estate sales and financing industries to expand their businesses and enter new revenue streams via a completely turnkey solution. As the market contracts in 2022, companies that can also capture title and closing business can continue to grow.
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Interfirst Mortgage Company (Interfirst), a private equity-backed mortgage originator, announced that Pete Lunetto has been named Senior Vice President of Credit. He will be part of the Company’s executive leadership team and report directly to Karen Gerli, the Company’s Chief Operating Officer.
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Tavant, a Silicon Valley-based digital lending solutions provider, announced its broker experience partnership with Bayview today. Bayview’s new FinXperience platform features a seamless, end-to-end digital lending experience that reduces processing time and the overall cost of loan origination. Partnering with Tavant allows Bayview to rapidly expand its wholesale business over the next two years through Lakeview, its wholesale mortgage provider and subsidiary.
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