Snapdocs, a mortgage digital closing provider, has partnered with SitusAMC to integrate the Snapdocs eVault to SitusAMC’s ProMerit platform. The partnership allows warehouse lenders to manage eNote transactions seamlessly and securely from within their warehouse lending system of record, enabling them to scale eNote adoption with confidence and ease.
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The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for April 2024 shows mortgage applications for new home purchases increased 22.1 percent compared from a year ago. Compared to March 2024, applications increased by 2 percent. This change does not include any adjustment for typical seasonal patterns.
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LERETA, a national provider of real estate tax and flood services for mortgage servicers, announced that Mitch Bledsoe has been named Chief Technology Officer (CTO) for the company. Bledsoe, who joined LERETA in 2022, had been Senior Vice President of Enterprise Technology at LERETA.
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LoanLogics, a provider of loan quality technology for mortgage manufacturing and loan acquisition, launched significant enhancements to its LoanBeam income calculation technologies. The enhancements will enable lenders to efficiently process income documents related to wage earners in the same service they use to process self-employed borrowers.
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Floify, a point-of-sale (POS) solution provider, announced the appointment of Jason Mapes as head of sales. Mapes, who previously served as director of sales for nCino’s Mortgage Suite, brings a wealth of experience to spearhead Floify’s national sales initiatives.
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Optimal Blue released its April 2024 Originations Market Monitor report, which reveals the first year-over-year increase in purchase mortgage lock counts since the Federal Reserve initiated rate hikes in March 2022.
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WFG National Title Insurance Company (WFG), a Portland-based, full-service provider of title insurance and real estate settlement services for commercial and residential transactions nationwide, has appointed 40-plus-year industry veteran Dan Hassen as Senior Vice President and Southwest Regional Manager for the company’s Agency Operations.
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The National Credit Union Administration (NCUA) recently awarded ORNL Federal Credit Union (ORNL FCU), the second largest federally chartered credit union in the state of Tennessee, a merger with Lowland Credit Union (LCU). Following state regulatory approval and LCU member’s vote of approval, the merger was effective May 1, 2024. ORNL FCU is the continuing credit union, with LCU employees and members now ORNL FCU employees and members.
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EarnUp, Inc., a financial wellness fintech company, announced that lenders and servicers will be able to use its platform to offer borrowers a convenient mortgage payment option: Text to pay via debit card.
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Panorama Mortgage Group, LLC (PMG), a leading nationwide independent mortgage bank headquartered in Las Vegas, Nevada, operating under the DBA’s Alterra Home Loans, Vision Mortgage Group, LEGACY Home Loans and Lone Peak Lending, has launched an innovative and proprietary loan program that breaks down the barriers for first-generation, first-time homebuyers with its unique 1% down payment and 2% grant down payment assistance; known as the 1st Generation Homebuyer (1st Gen) loan program.
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