Author: PROGRESS In Lending

ExpansionIn The News

Finastra Helps Lenders Turn More Applicants Into Borrowers With New Analytics Tool

Finastra launched Data Insights 2.0, a powerful analytics solution designed to help mortgage lenders convert more applications into funded loans by turning complex data into decision-ready insights. Available for Originate Mortgagebot, the solution enables banks and credit unions to understand performance benchmarks against peers, identify root causes of friction, and take targeted action to improve outcomes.

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AffordabilityIn The News

Mortgage Application Payments Increased In April

Homebuyer affordability declined in April, with the national median payment applied for by purchase applicants increasing to $2,152 from $2,131 in March. 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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