High mortgage interest rates continue to challenge the housing market, and homebuyers’ budgets are increasingly stretched when buying a home. Overall, there is more caution in the housing market as housing indicators continue to revert to pre-pandemic trends and buyers evaluate their options.
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Cornerstone Capital Bank, a national provider of mortgage origination and servicing solutions and a growing, full-service consumer, commercial and institutional bank, has appointed Paul Woo as chief financial officer. Woo will oversee a highly skilled financial team, strategic planning, and capital management for one of the fastest-growing banks in the nation.
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MISMO, the real estate finance industry’s standards organization, has partnered with Viant Eye to introduce MISMO Link TM, a new platform that will allow users to build and ultimately implement industry standards in a collaborative environment.
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Veros Real Estate Solutions (Veros®), a provider of innovative real estate valuation and analytics services, proudly introduces iVALUATION – a state-of-the-art platform that provides housing finance professionals with the quick insights they need to be confident in the accuracy of a property valuation. With its powerful combination of an advanced automated valuation model and comprehensive nationwide property data, iVALUATION is positioned to transform the way the industry assesses property value.
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Sparrow Mortgage, a mortgage broker operating in Florida, Georgia, Massachusetts, North Carolina, and South Carolina, has partnered with Calque to provide The Trade-In Mortgage. Together, they now offer a lending option that allows borrowers to use home equity to purchase a new property before selling their current one.
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Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net profit of $693 on each loan they originated in the second quarter of 2024, an increase from the reported loss of $645 per loan in the first quarter of 2024, according to the Mortgage Bankers Association’s (MBA) newly released Quarterly Mortgage Bankers Performance Report.
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Mortgage applications decreased 10.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 16, 2024.
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CRMnow, a customer relationship management (CRM) system built from the ground up for the mortgage industry, completed a successful integration between Nextwave CRM and Modex, a solutions-driven mortgage talent solution, creating a combined technology platform facilitating a streamlined approach to recruiting for wholesale and retail lenders.
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Informative Research, a technology platform that delivers data-driven solutions to the lending community, announced the appointment of Steve Schulz as the new executive vice president of product management. This strategic addition highlights Informative Research’s commitment to driving innovation and enhancing its product offerings to better serve its clients.
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LERETA, a national provider of real estate tax and flood services for mortgage servicers, announced a strategic relationship with CMG Financial (CMG), a privately-held mortgage banking firm based in San Ramon, CA, to manage real estate taxes and flood insurance for CMG’s servicing portfolio.
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