Mortgage Application Payments Rise To $1,897 In May

Homebuyer affordability was mostly unchanged in May, with the national median payment applied for by applicants up slightly to $1,897 from $1,889 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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STRATMOR Group: Employee Engagement Key To Success With New Technology

As mortgage lenders adapt to the reality of a vastly changed market focused on purchase loans, adopting new mortgage technology has become a priority, according to the June Insights Report from mortgage advisory firm STRATMOR Group. In “Light a Fire Under Your Digital Adoption Plans,” STRATMOR Senior Advisor Sue Woodard analyzes why there is resistance to technology change and what lenders can do to get their teams to embrace new tools.

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Constellation Mortgage Solutions Appoints Technology Innovator As CTO

Constellation Mortgage Solutions (CMS), provider of enterprise mortgage loan origination and servicing technology, appointed Tech Industry Veteran Kendrew Peacey as CTO. As a member of the executive team, Peacey will lead CMS in evolving and innovating lending technology to grow the product line and increase sales. Peacey and team will deliver the next generation of LOS in late 2022, equipping CMS clients with enhanced functionality and a single application suite that will elevate job performance and user experience.

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WFG National Title Insurance Company Launches National Foreclosure Information Report Services

WFG National Title Insurance Company’s Default Title Services division has expanded its default management offerings to include Foreclosure Information Reports on a nationwide basis. This expanded service offering complements the organization’s existing roster of comprehensive national title and closing services offered by the company’s Enterprise Solutions group.

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