Embrace Home Loans, a national mortgage lender, announced that loan officer Patrick Holland surpassed $1 billion in career loan originations earlier this month. Holland, who has been with Embrace since 2010, manages the Fairfax, Virginia branch and also serves as a company vice president.
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Mortgage applications decreased 0.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 5, 2024. Last week’s results included an adjustment for the July 4th holiday.
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LenderLogix, a provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, released the latest Homebuyer Intelligence Report, a quarterly summary of insights into borrower behavior during the home buying process based on data collected by the LenderLogix suite of tools. The latest report covers data collected during the pre-approval and borrower application process during the second quarter (Q2) of 2024. Here’s what they found:
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Kiavi, one of the largest lenders to private real estate investors, has successfully implemented the AppraisalWorks appraisal management technology platform to streamline appraisal operations and improve profitability.
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Candor Technology, a platform that uses artificial intelligence technology to automate loan underwriting and quality control for mortgage lenders, announces the appointment of Eric Rawlings as its Chief Technology Officer(CTO). Rawlings brings a wealth of experience and a proven track record of driving technological excellence across diverse industries.
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Mortgage credit availability increased in June according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology.
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Incenter Marketing, a national branding, marketing, public relations, and sales engagement firm with specialties in the mortgage and finance industries, announced the promotion of Jake Haynes to Director of Creative Operations. In his new role, Mr. Haynes is responsible for maximizing the creative impact of every Incenter Marketing program using the most effective strategies, tactics and tools, while ensuring consistently topnotch service.
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In celebration of Disability Pride Month in July, Down Payment Resource (DPR) is highlighting 18 U.S. homebuyer assistance programs that are specifically designed to support people with disabilities and their family caregivers on their journey toward homeownership. While people with disabilities may be eligible for any of the 2,300-plus U.S. homebuyer assistance programs in DPR’s database, 18 are specifically developed to promote accessibility and inclusivity for aspiring homeowners with disabilities.
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Embrace Home Loans, a top-ranked national mortgage lender, celebrated its 41st year of business in June with a companywide initiative called Orange Week. During this week, employees dedicate their time and energy to volunteering with more than 50 charities and community groups.
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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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