Informative Research, a technology platform that delivers data-driven solutions to the lending community, has expanded its team to add mortgage industry veteran Kurt Raymond, CMB as Senior Vice President and Borrower Journey Engineer. The move reflects Informative Research’s commitment to helping lenders streamline origination costs and enhance the borrower experience.
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The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance remained unchanged at 0.22% as of March 31, 2024. According to MBA’s estimate, 110,000 homeowners are in forbearance plans. Mortgage servicers have provided forbearance to approximately 8.1 million borrowers since March 2020.
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Corporate Settlement Solutions (CSS), a major regional provider of residential and commercial real estate settlement solutions, announced that Ashley Jelinek has been named as the company’s new Chief Executive Officer. With the new appointment, Jerome Jelinek, the company’s founder and CEO, will become Chairman.
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FormFree launched significant enhancements to Passport Wallet, an app that transforms how everyday people access loans. Available now in the Apple App Store and Google Play, the latest version of Passport Wallet is designed to make it easier than ever for consumers to understand their ability to pay and match with lenders.
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Snapdocs released new third-party research revealing lenders using its eClosing platform are 18 days faster than industry peers across the loan production timeline—from loan application through delivery to the secondary market. The research, independently conducted by advisory firm STRATMOR Group, collected self-reported performance data from over 150 mortgage lenders.
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Dark Matter Technologies (Dark Matter), a loan origination software provider, announced the implementation of the Empower loan origination system (LOS) by Patelco Credit Union (Patelco), a Bay Area-based credit union dedicated to the financial wellness of its team, members and communities.
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Mortgage Capital Trading, Inc. (MCT), a mortgage capital markets technology provider, launched a new advancement: a Best Ex for Released and Retained all in one platform.
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First Community Mortgage (FCM), a wholly owned subsidiary of First Community Bank of Tennessee, marked a significant milestone by fully implementing the Blue Sage Digital Lending Platform and LION Consumer POS. With this strategic move, the Murfreesboro-based lender has modernized its mortgage operational processes, boosted productivity and delivered an enhanced borrower experience for its customers.
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Floify, a point-of-sale (POS) solution, launched an integration with Truv, a consumer-permissioned data platform. The integration enables borrowers to electronically verify their income and employment as they apply for a mortgage loan.
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A&D Mortgage, a provider of mortgage lending solutions, has unveiled AIM, the next evolution of its existing Partner portal with AI integration. Short for Artificial Intelligence in Mortgage, AIM is set to revolutionize the mortgage industry, offering an even more streamlined and efficient experience for both brokers and borrowers.
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