Author: PROGRESS In Lending

Closing NewsIn The News

New Research: Lenders Using The Snapdocs eClosing Platform Experience 18-Day Faster Loan Velocity Than Industry Peers

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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In The NewsLOS Trends

First Community Mortgage Adopts Blue Sage Digital Lending Platform

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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Home PurchasesIn The News

LenderLogix Q1 2024 Homebuyer Intelligence Report Data Shows Increase In Home Buying Activity And Fees Collected By Fee Chaser

LenderLogix, a provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, has released the Homebuyer Intelligence Report, a quarterly summary of insights into borrower behavior during the home buying process based on data collected by the LenderLogix suite of tools. The latest report covers data collected during the pre-approval and borrower application process during the first quarter (Q1) of 2024.

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