We Are Looking To Honor Industry Game Changers
For the first time ever we are recognizing new products or updates of existing products that solve a real industry sticking point and improve the mortgage process for the better. APPLY TODAY!
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Author: PROGRESS In Lending
Independent Mortgage Bankers Post Net Production Profits In 2024
Independent mortgage banks and mortgage subsidiaries of chartered banks reported an average profit of $443 on each loan they originated in 2024, up from an average loss of $1,056 per loan in 2023.
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EquityProtect Expands Partnerships With Title Companies Nationwide To Strengthen Property Fraud Prevention
EquityProtect, a provider of real estate fraud prevention and data security, has partnered with title companies across the nation to provide property owners with enhanced safeguards that complement their existing title insurance.
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Xactus Becomes The First to Offer The Work Number Report Indicator From Equifax
Xactus announces The Work Number Report Indicator from Equifax is now available through Xactus360, the industry’s first Intelligent Verification Platform (IVP). This new solution allows lenders to quickly see an indicator of the applicant’s employment status through The Work Number alongside an Equifax credit report.
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RBI: BI Software Not Delivering Lender’s Insight
Despite millions of dollars invested across the industry, Business Intelligence (BI) software is not delivering the insights mortgage lenders need to grow their businesses in the current environment. That’s the conclusion data scientists at Redefining Business Intelligence (RBI), a data science company that uses AI and experienced business analysts to pull actionable insights from very large data sets, reached in a new white paper.
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Halcyon Now Provides Import Capability For Fannie Mae’s Income Calculator Powered By IRS Transcripts
Halcyon, a provider of mortgage and income verification technology, has completed an integration to provide import capability for Fannie Mae’s Income Calculator using tax transcript data, integrated into the Halcyon Income Analyzer platform.
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Friday Harbor Raises $6M To Help Community Mortgage Lenders Match The Speed And Efficiency Of Industry Giants
Friday Harbor, an AI-powered platform that helps loan officers assemble complete and compliant loan files in real time, announced the completion of a $6 million seed round. The round was led by Abstract Ventures, a San Francisco-based venture firm with $1.5 billion in assets under management and a track record of backing breakout companies including Rippling, xAI, Hebbia, Brigit and Hippo (NYSE: HIPO) and Mischief, an early-stage VC fund co-founded by Plaid CEO Zach Perret.
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Lender Ltd. Selects OptifiNow’s CRM Platform To Power 3rd Party Origination Team
Lender LTD, a new face in the 3rd Party Origination space, has selected OptifiNow as its customer relationship management (CRM) platform provider. The decision to implement OptifiNow’s platform was driven by one key factor: OptifiNow is one of the few CRM solutions purpose-built for wholesale lenders.
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Class Valuation Appoints Chris Flynn As Chief Data Officer To Accelerate Innovation And Data Strategy
Class Valuation, a real estate appraisal management company (AMC), announced that Chris Flynn has joined its leadership team as chief data officer effective April 1. In his new role, Flynn will lead Class Valuation’s enterprise data strategy, overseeing the development of scalable analytics, AI capabilities and automation to improve valuation accuracy, speed and transparency.
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MMI Strengthens Mortgage Tech Leadership In Q1 2025 With MonitorBase Acquisition & Major Platform Enhancements
Mobility Market Intelligence (MMI), announced major Q1 2025 platform enhancements alongside its strategic acquisition of borrower monitoring and predictive analytics leader, MonitorBase. These initiatives solidify MMI’s position as a source providing mortgage professionals with data intelligence, automation, and borrower engagement tools.
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