Mortgage applications increased 7.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 8, 2024.
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In a show of industry strength, LoanPASS has secured Series E Preferred Stock financing of $5M to support its expansion efforts and new sales initiatives.
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Cloudvirga, a provider of digital mortgage point-of-sale platforms, has expanded its integration with Informative Research, a leading technology platform that delivers data-driven solutions to the lending community. Through the expanded integration, originators on Cloudvirga’s Horizon Platform and Horizon TPO can now access Informative Research’s Verification of Employment (VOE) and Verification of Income (VOI) data and analytics.
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Optimal Blue released its February 2024 Originations Market Monitor report, which reveals that the spring homebuying season has kicked off with a jump in monthly purchase mortgage locks. The seasonal spike in purchase locks propelled a net increase in origination activity, even as higher interest rates led to steep declines in mortgage refinances.
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BlackFin Group, a management consulting firm serving the banking and mortgage industries, has added Argyle to its exclusive Preferred Partners program. Vetted by an independent team of industry experts with more than 150 years of experience in financial services, Preferred Partners are peer-recommended by BlackFin Group for their proven ability to help banks, lenders and mortgage servicers achieve their business goals.
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Floify, a point-of-sale (POS) provider, launched Lender Edition, a newly badged version of the popular mortgage point-of-sale that introduces a flexible per-loan pricing option for mortgage lenders.
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BSI Financial Services, a mortgage fintech platform, and its affiliate, Bizzy Labs, announced a major enhancement to Bizzy Labs’ compliance technology, Libretto, that further streamlines and automates the loan boarding process, particularly for MSR acquisitions.
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Network Transaction Solutions (NTS), a multi-state provider of title support services including Remote Online Notary (RON), has launched its RON as a Service (RaaS) offering in California.
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Candor Technology, Inc., a provider of automated underwriting technology and other technology enabled solutions for the mortgage industry, has closed a Series B equity round to expand its Loan Engineering System’s capabilities and enhance the user experience.
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Mortgage Capital Trading, Inc. (MCT), the de facto leader in innovative mortgage capital markets technology, has reported a 20.9% increase in mortgage lock volume in February compared to the previous month.
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