Author: PROGRESS In Lending

In The NewsMortgage Refinances

July Refinance Activity Hits Highest Levels Since September 2022

Optimal Blue released its July 2024 Market Advantage mortgage data report, which revealed that mortgage refinance demand surged to levels not seen since September 2022 amid softening interest rates. The lower interest rates seen in July also coaxed increased purchase activity, which, combined with greater refi activity, drove a 3.5% month-over-month (MoM) increase in mortgage rate lock volumes.

Read More
Borrower OutreachIn The News

LoanPASS And BankingBridge Introduce Plug-And-Play Rate Comparison Tables For Mortgage Lenders

LoanPASS, a configurable loan decisioning and pricing technology, announced a new integration with lead-generation platform BankingBridge that makes it easy for mortgage lenders to share real-time loan programs and interest rates with customers on the web. Powered by product eligibility and pricing data from LoanPASS, BankingBridge’s dynamic rate comparison tables can be embedded into any financial institution’s website for a transparent loan shopping experience that builds trust and converts website visitors into leads.

Read More
AVM AdvancesIn The News

Nationwide Property & Appraisal Services Launches Comprehensive Broker Price Opinions (BPOs) For The Real Estate Market

Nationwide Property & Appraisal Services has launched its Broker Price Opinion (BPO) products, offering a versatile and efficient solution for property valuation needs. Targeted at mortgage lenders, financial institutions, and investment firms, Nationwide’s BPOs provide detailed, accurate, and timely property valuations to support strategic decision-making.

Read More
In The NewsLOS Trends

Community Bank Increases Loan Production With LOS Funding Mortgage, Consumer, Agriculture, And Commercial Loans

Integra Software Systems, a loan origination software (LOS), announces a highly successful two years in operation with Peoples Bank, a Clifton, TN Community Bank expanding throughout the southwest part of Middle Tennessee.  While many lenders, both large and small, have seen significant reduction in lending volume due to economic factors, in contrast, Peoples Bank has significantly increased their loan production by over 50% and attributes some of that growth to the partnership with Integra and the efficiencies of their LOS choice, Epic.

Read More