Author: PROGRESS In Lending

MISMO, the real estate finance industry’s standards organization, launched a new dataset standard that supports VA Form 26-1880 Request for a Certificate of Eligibility. The dataset has achieved “Candidate Recommendation” status, which means that it has been thoroughly reviewed by a wide range of organizations and industry participants and is available for use across the industry.

WFG National Title Insurance Company (WFG), a Portland-based, full-service provider of title insurance and real estate settlement services for commercial and residential transactions nationwide, has promoted Southwest Regional Manager Suzanne Tinsley to SVP for the company’s Southwest, Western and Rocky Mountain Regions.

Stephen Ryczek, President of Constellation Mortgage Solutions (CMS), a provider of enterprise mortgage loan origination and servicing technology, was recently appointed to the NRMLA Board of Directors. Earlier this year, CMS acquired ReverseVision, a reverse mortgage loan origination system, and is proud to offer it among its suite of enterprise-level platforms.

Exceleras, a provider of software solutions that drive the right actions at the right time to accelerate property disposition, has formed a strategic partnership with Calque, the developers of the new Trade-In Mortgage solution. Calque will leverage Exceleras software to manage the disposition of real estate added into its portfolio, using the Exceleras workflow and national network real estate agents to find and engage local agents.

The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.64 percent of all loans outstanding at the end of the second quarter of 2022, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.

Veros Software, the parent company of Veros Real Estate Solutions, a provider of enterprise risk management and collateral valuation services, has acquired Valligent, an appraisal management company.  

National Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc. (NASDAQ: NMIH), is now integrated with the Mortgage Cadence Platform (MCP), the newly-released, cloud-based digital lending platform from Mortgage Cadence. The integration enables mutual lender customers to obtain price quotes and order National MI’s real-time, risk-based mortgage insurance through its Rate GPS tool instantly, without having to leave the MCP platform.

Mortgage applications increased 0.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 5, 2022. 

Mortgage credit availability decreased in July according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology.

Accurate Group, a provider of technology-driven real estate appraisal, title data, analytics and e-closing solutions, has received verification from Freddie Mac for their ACE+ PDR (automated collateral evaluation plus property data report) offering.