Adfitech, a longtime provider of quality control and risk management services for the mortgage industry, has rebranded as Mortgage Connect Risk Solutions, a name that reflects its place under the umbrella of its parent company, Mortgage Connect LP.
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TransUnion’s (NYSE: TRU) newly released Q2 2024 Consumer Pulse study found that consumer concerns about inflation and interest rates reached their highest levels in two years. Despite these concerns, they come as 55% of Americans remain optimistic about their household finances over the next year – the same percentage observed in Q2 2022 and similar to a 57% reading in Q2 2023. This optimism appears to be, in large part, driven by confidence in a stable employment situation and continued wage increases.
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Optimal Blue released its May 2024 Market Advantage mortgage data report, which revealed a 25.6% month-over-month (MoM) spike in rate-and-term mortgage refinances. The spike was a response to a modest drop in the Optimal Blue Mortgage Market Indices (OBMMI) 30-year conforming rate, which ended the month at 7.02%.
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Premier One, a national IT, cybersecurity and web services provider, has been designated with The American Institute of Public Accountants’ (AICPA) SOC 2 Type II certification. This marks the tenth consecutive year Premier One has received the certification.
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ServiceLink, a provider of tech-enabled mortgage services for all phases of the home lending lifecycle, welcomes Nate Johnson, Vice President, National Sales Executive, to its origination division.
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Mortgage applications increased 15.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 7, 2024.
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Mortgage Capital Trading, Inc. (MCT®), a provider of mortgage capital markets technology, announced an increase of 6.78% in mortgage lock volume compared to the previous month.
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Optimal Blue announced the appointment of Joe Tyrrell as CEO. Tyrrell succeeds interim CEO Scott Smith of Optimal Blue’s parent company, Constellation Software Inc.
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Mortgage applications decreased 5.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending May 31, 2024. This week’s results include an adjustment for the Memorial Day holiday.
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ATTOM released its first-quarter 2024 U.S. Residential Property Mortgage Origination Report, which shows that 1.28 million mortgages secured by residential property (1 to 4 units) were issued in the United States during the first quarter, representing a 6.8 percent decline from the previous quarter. The drop-off marked the 11th in the last 12 quarters, to the lowest level since 2000.
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