Snapdocs announced a collaboration with Zions Bancorporation (NASDAQ: ZION) to digitize the lender’s mortgage closings. The Zions network of banks selected Snapdocs for its unmatched ability to drive high digital closing adoption, optimize operational efficiency, and provide flawless experiences for loan officers, settlement partners, and borrowers.
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The Mortgage Bankers Association (MBA) announced that Amber Lawrence has been promoted to Vice President of Diversity, Equity, and Inclusion (DEI). In her elevated role, Lawrence will oversee organizational-wide strategic DEI programs, assist teams in implementing equitable practices, partner with leadership to develop policies that promote inclusivity, and lead member-facing DEI initiatives.
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ATTOM released its third-quarter 2024 U.S. Home Affordability Report showing that median-priced single-family homes and condos remain less affordable in the third quarter of 2024 compared to historical averages in 99 percent of counties around the nation with sufficient data to analyze. The latest trend continues a pattern, dating back to early 2022, of home ownership requiring historically large portions of wages as U.S. home prices keep reaching new highs.
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OptifiNow, a provider of CRM software and services, announces the successful deployment of its platform with Arc Home LLC, a top-tier non-QM wholesale lender. Headquartered in Moorestown, New Jersey, Arc Home is recognized nationwide for its leadership in Non-QM lending, setting industry standards with exceptional customer service and competitive pricing.
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The American Bankers Association’s Economic Advisory Committee expects moderating inflation to enable the Federal Reserve to reduce the federal funds rate and support an ongoing economic expansion, according to the latest forecast.
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Ncontracts, a provider of integrated compliance, risk, and vendor management solutions to the financial services industry, is pleased to announce the release of a new book, The Upside of Compliance: Empowering Financial Institutions to Thrive.
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HarborOne Mortgage, a mortgage provider serving the Northeast since 1983, has partnered with Calque to offer its borrowers cost-effective ‘buy before you sell’ solutions like The Trade-In Mortgage and the Contingency Buster. These innovative loan options allow homeowners to purchase a new property without needing to sell their existing property first.
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In its September Insights Report, STRATMOR Group a mortgage advisory and consulting firm, demonstrates how lenders who share their stories with borrowers and teammates are better able to create strong relationships, retain leads, recruit top talent and even drive revenue.
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Homebuyer affordability improved in August, with the national median payment applied for by purchase applicants decreasing to $2,057 from $2,140 in July. 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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iEmergent, a forecasting and advisory services firm for the financial services, mortgage and real estate industries, announced downward revision of its 2024–2026 U.S. Mortgage Origination Forecast. Updated to reflect ongoing economic conditions, iEmergent now expects lower-than-anticipated growth for the next two years, particularly in the purchase mortgage market, while refinance volumes are projected to rise due to a gradual decline in mortgage interest rates.
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