Optimal Blue has elevated Rick Allen to chief operating officer (COO). Most recently serving as Optimal Blue’s chief administrative officer, Allen brings more than 35 years of experience in the housing industry to his senior leadership role.
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Optimal Blue’s March 2024 Originations Market Monitor report, which reveals the average homebuyer credit score has reached 737 — an all time high since the company began tracking this data in January 2018.
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According to a set of commercial/multifamily real estate finance league tables prepared by the Mortgage Bankers Association (MBA), the following firms were the top commercial/multifamily mortgage originators in 2023:
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Mortgage Capital Trading, Inc. (MCT) data found an increase of 15.36% in mortgage lock volume compared to the previous month. To gain comprehensive insights into the market dynamics, industry professionals and enthusiasts are invited to download the complete report.
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ATTOM released its 2023 property tax analysis for 89.4 million U.S. single family homes, which shows that $363.3 billion in property taxes were levied on single-family homes in 2023, up 6.9 percent from $339.8 billion in 2022. The increase was almost double the 3.6 percent growth rate in 2022 – and the largest in the past five years.
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APEX Mortgage Group, an inclusive mortgage provider based in Atlanta that is committed to helping individuals from all backgrounds, has engaged Calque to launch The Trade-In Mortgage to their clients. Despite market conditions and fluctuating mortgage rates, numerous homeowners are seeking a change of location and buying a home continues to be a sound financial decision. The Trade-In Mortgage option helps homeowners optimize the home purchase process and reduce costs by using their current home equity.
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National Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc. (NASDAQ: NMIH), launched an enhanced integration with PMI Rate Pro, a provider of mortgage insurance (MI) pricing technology. Leveraging PMI Rate Pro’s new single API solution, the integration will help lenders and borrowers save time and money when ordering mortgage insurance from National MI.
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Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF), a technology company creating a more transparent and accessible real estate lending ecosystem, has launched Voxtur Data Connect, a nationwide property data integration designed to provide easier access to real estate data for those looking to advance within the real estate technology sector.
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Mortgage applications decreased 0.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 29, 2024.
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Vesta, a national loan origination system (LOS) provider, has announced its integration with the Optimal Blue PPE, a widely used product, pricing, and eligibility engine in the mortgage industry.
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