In September, home prices appreciated nationally at an annualized 17.6 percent from the prior month. This marks the sixth consecutive month of reporting an all-time record month-over-month rate, according to Radian Home Price Index (HPI) data released by Red Bell Real Estate, LLC, a Radian Group Inc. company (NYSE: RDN).
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SimpleNexus, developer of a homeownership platform for loan officers, borrowers, real estate agents and settlement agents, has released Nexus Bilingual, a new feature that makes the loan process more accessible to prospective homebuyers who prefer to communicate in Spanish by gathering initial loan information in Spanish.
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Green Circle Life, provider of an all-in-one communication and engagement platform SmartFHR, has launched the Covid Passport, their end-to-end solution to help employers comply with an upcoming Covid vaccination mandate from the Occupational Safety and Health Administration (OSHA).
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Calyx, a provider of comprehensive mortgage software solutions for banks, credit unions, mortgage bankers, wholesale and correspondent lenders and brokers, announced today that PCV Murcor, a nationwide real estate valuations management company, is now integrated with Calyx Point.
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Commercial and multifamily mortgage loan originations were 119 percent higher in the third quarter of 2021 compared to a year ago and increased 19 percent from the second quarter of 2021, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
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LoanNEX, a provider of pricing and eligibility technology specializing in non-agency products, has integrated with ICE Mortgage Technology part of Intercontinental Exchange, Inc. (NYSE: ICE), a provider of data, technology and market infrastructure. LoanNEX is a newly approved pricing and eligibility platform integrated with Encompass TPO Connect, a fully configurable web-based portal that empowers lenders to effortlessly collaborate with their wholesale and correspondent channels to originate loans faster, stay compliant, and maximize the profitability of every loan.
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Cherry Creek Mortgage, a nationwide, full-service mortgage lender, Ginnie Mae HMBS issuer and servicer of HECM reverse mortgages, today announced it has hired a new leadership team to expand the company’s reverse mortgage division.
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FormFree Founder and CEO Brent Chandler today announced the availability of its AccountChek financial data verification service within OpenClose, a fintech provider of mortgage software solutions for banks, credit unions and mortgage lenders. The integration embeds AccountChek into OpenClose’s ConsumerAssist Enterprise POS and LenderAssist LOS, giving borrowers the freedom to electronically permission verification data with ease when applying for a mortgage loan.
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SimpleNexus, owner of the recently acquired LBA Ware, a provider of incentive compensation management (ICM) and business intelligence (BI) software solutions for the mortgage industry, today released summary statistics on the state of mortgage industry loan compensation in the third quarter of 2021. Analysis of data from the CompenSafe ICM platform showed that declining loan volume in Q3 2021 compared to Q3 2020 pushed quarterly loan originator (LO) commission earnings down 17%. Over the same period, mortgage lenders increased loan processor staffing by roughly a quarter while funding fewer loans, driving average individual processor incentive compensation down by a third.
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Mortgage Coach, a borrower conversion platform empowering mortgage lenders to deliver clear mortgage advice and lending education with the Total Cost Analysis (TCA) loan comparison, has integrated with Sales Boomerang, an automated borrower intelligence and retention system. The integration helps convert leads identified with Sales Boomerang’s opportunity alerts by enabling lenders to automatically generate accurate TCA presentations that are highly relevant to consumers’ housing finance needs.
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This issue of our newspaper tackles pressing issues such as …
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