Author: PROGRESS In Lending

In The NewsIntegration

Snapdocs Links With Vesta To Offer An Integrated Digital Closing Experience

PROGRESS In Lending

Snapdocs announced a new integration between its eClosing platform and Vesta, a mortgage loan origination system (LOS). With the Snapdocs platform powering one in four U.S. real estate transactions, this integration enables mutual customers to manage the entire closing process directly within the Vesta LOS—standardizing workflows, reducing manual tasks, and accelerating closings from origination through final signature.

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Commercial & MultifamilyIn The News

Commercial And Multifamily Mortgage Debt Outstanding Increased In Q2 Of 2025

PROGRESS In Lending

The level of commercial/multifamily mortgage debt outstanding increased by $47.1 billion (1.0 percent) in the second quarter of 2025, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report. Total commercial/multifamily mortgage debt outstanding rose to $4.88 trillion at the end of the second quarter. Multifamily mortgage debt alone increased $27.7 billion (1.3 percent) to $2.19 trillion from the first quarter of 2025.

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Execs On The MoveIn The News

FirstClose Strengthens Sales Team With Industry Veterans

PROGRESS In Lending

FirstClose, a fintech provider of data and workflow solutions for mortgage and home equity lenders nationwide, announced the expansion of its sales organization with the addition of four accomplished industry sales professionals. These new team members bring deep industry experience and proven track records that will support the company’s continued growth in home equity lending:

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Government AffairsIn The News

CHLA, CAI Ask Administration To Add FHA Condo Loan Flexibility To Presidential Emergency Housing Declaration

PROGRESS In Lending

The Community Home Lenders of America (CHLA) and the Community Associations Institute (CAI) jointly called on the Trump Administration to allow the Federal Housing Administration (FHA) to insure loans on condominiums in projects that have been approved by Fannie Mae or Freddie Mac, but have not yet gained approval by FHA.

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