Optimal Blue released its June 2024 Market Advantage mortgage data report, which revealed a stagnant late-spring housing market as home prices dropped for the first time in 2024 and purchase lock counts fell 8% over the previous year. All mortgage lock figures in this news release have been controlled for fewer market days in June.
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Talk’uments, a digital language and limited English proficiency (LEP) technology provider, announced an integration with nCino, Inc. (NASDAQ: NCNO), a provider of cloud banking for the global financial services industry, that offers multi-language resources to users of nCino’s Mortgage Suite, an end-to-end digital mortgage solution that provides borrowers a seamless, single login experience from home search to the final closing.
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Chevron Federal Credit Union (Chevron FCU), a credit union based in Concord, California, has successfully implemented Blue Sage Solutions’ fully cloud-based Digital Lending Platform. This milestone enables Chevron Federal Credit Union and Spectrum Credit Union to streamline the home financing experience for its members while enhancing efficiency through its entire loan origination process. In addition to leveraging all components of the Blue Sage LOS platform, the credit union implemented Blue Sage’s LION Consumer POS, ensuring members can check rates, apply, and get approved for mortgages from any device.
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Informative Research, a technology platform that delivers data-driven solutions to the lending community, has named Brandon Hall as its new executive vice president (EVP) of operations. Hall brings over 20 years of experience driving operational excellence within the financial services sector and is known for implementing innovative process improvements, fostering cross-functional collaboration and leading through change.
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WFG National Title Insurance Company (WFG), a Portland-based, full-service provider of title insurance and real estate settlement services for commercial and residential transactions nationwide, has appointed 18-year industry veteran Bette Rivera-LeMay as Senior Vice President, Sales and Strategic Growth for the company’s North Texas Operations.
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The housing market remains divided between tenure status (homeowners and non-homeowners) and across geographies. Current homeowners have been in an exceptional position to build home equity and wealth, while those trying to enter the market are facing historic affordability challenges.
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A&D Mortgage has been honored with a Gold award in the Achievement in Artificial Intelligence category at the 9th Annual 2024 Globee® Awards for American Business. This prestigious award recognizes the company’s commitment to excellence and innovation in the industry.
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Mortgage Capital Trading, Inc. (MCT) found a decrease of 7.84% in mortgage lock volume compared to the previous month. This decline follows a brief uptick in volume at the beginning of the buying season, suggesting a continuing stalemate between limited housing supply and higher interest rates.
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Mortgage applications decreased 2.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 28, 2024.
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ATTOM released its second-quarter 2024 U.S. Home Affordability Report showing that median-priced single-family homes and condos remained less affordable in the second quarter of 2024 compared to historical averages in 99 percent of counties around the nation with enough data to analyze. The latest trend continued a pattern, dating back to early 2022, of home ownership requiring historically large portions of wages around the country amid ongoing high residential mortgage rates and elevated home prices.
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