ORNL Federal Credit Union (ORNL FCU) recently announced the appointment of Jennifer Lopez Kouchis as Chief Strategy & Growth Officer, effective February 19, 2024. The position is new to the $3.65 billion dollar organization.
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The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for February 2024 shows mortgage applications for new home purchases increased 15.7 percent compared from a year ago. Compared to January 2024, applications increased by 1 percent. This change does not include any adjustment for typical seasonal patterns.
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Insellerate, a provider of customer relationship management (CRM) and marketing automation solutions for the mortgage lending and real estate industries, announces Ladera Lending’s successful adoption of its AI Call Assistant solution.
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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 February 29, 2024.
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Intercontinental Exchange, Inc. (NYSE: ICE), a provider of technology and data, announced that Lennar Mortgage will move its servicing operations onto the industry-leading ICE MSP loan servicing system. Already a longtime user of ICE’s Encompass digital lending platform, Lennar will see greater efficiencies and compliance support from the seamless integration of the systems via the ICE end-to-end technology ecosystem.
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Our industry and our world needs innovation. So check out this special Digital Event naming our 14th Annual Award Winners …
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Embrace Home Loans, a national mortgage lender, recently expanded its reach in Rhode Island by opened offices in East Greenwich and East Providence. Branch Manager Mike Raffa leads the East Greenwich office and Branch Manager Jared Maxwell leads the East Providence office. Both previously served in Embrace’s Middletown, Rhode Island branch office.
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The level of commercial and multifamily mortgage debt outstanding at the end of 2023 was $130 billion (2.8 percent) higher than at the end of 2022, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
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FirstClose, Inc., a fintech provider of data and workflow solutions for mortgage and home equity lenders nationwide, announced that its home equity settlement services ordering module within FirstClose Equity is now available in Encompass leveraging the latest API integration framework from Intercontinental Exchange (ICE).
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Cornerstone Servicing, a leading third-party subservicer and a division of Cornerstone Capital Bank, SSB, has selected Bizzy Lab’s proprietary compliance technology, Libretto, to perform daily exception processing on its servicing portfolios. The first Bizzy Labs client using Black Knight’s MSP mortgage servicing system, Cornerstone Servicing will also market Libretto as a selling feature to its subservicing clients and prospects.
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