Author: PROGRESS In Lending

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.

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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.

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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.

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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).

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In The NewsIntegration

Candor Technology Now Includes Argyle Employee Verification

Candor Technology, Inc., a provider of automated AI underwriting and decisioning for mortgage lenders, announced a direct integration with Argyle, a provider of consumer-directed verification of income, employment and asset solutions. The integration brings direct-source payroll-based income and employment data and supporting documentation to Candor’s patented Loan Engineering System (LES), where it can be used to automate income analysis and deliver warranted underwriting decisions in under 60 seconds.

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