The Mortgage Bankers Association (MBA) promoted Megan Booth to Vice President of Commercial/Multifamily Policy. In her new role, Booth will manage the development and execution of MBA members’ policy objectives and goals and will serve as a staff lead on federal and state regulatory issues pertaining to commercial real estate finance.
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LenderLogix 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 in the fourth quarter (Q4) of 2024. Here’s what the report concluded:
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The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for December 2024 shows mortgage applications for new home purchases increased 8.9 percent compared from a year ago. Compared to November 2024, applications decreased by 3 percent. This change does not include any adjustment for typical seasonal patterns.
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Corporate Settlement Solutions (CSS), a full-suite provider of commercial and residential real estate settlement solutions, released results from its half-year Appraisal Price-Gap Analysis which provides the percent of homes that appraised over or under the sale price or appraised at the sale price (within $2,500.00).
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Planet Home Lending has hired Matt Payan as Senior Vice President, Distributed Retail Sales. Payan brings more than two decades of experience in retail mortgage sales leadership, branch operations, and driving high-performing sales teams, leveraging his strong 30-year finance background to increase profitability.
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BlackFin, a management consulting firm serving the Banking and Mortgage Industries, announced that its Professional Services team is now assisting mortgage teams at banks, credit unions, and independent mortgage bankers with the implementation of mortgage centric Artificial Intelligence (AI) tools.
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ServiceLink has added Adam McClure and Harold Sims as national account executives. In this new role the two will be tasked with forging new lender partnerships for ServiceLink’s origination division, focusing on helping lenders increase speed throughout the mortgage process, extend their digital workflow, reduce costs and enhance the consumer experience.
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National affordable housing innovator Arrive Home has partnered with FormFree, a provider of financial technology since 2007, to offer lender partners an alternative method to effectively measure a borrower’s credit risk and ability to pay. The partnership will expand homeownership opportunities for borrowers with limited credit history.
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ACES Quality Management (ACES), a provider of enterprise quality management and control software for the financial services industry, has sought to support its customers through turbulent market conditions by providing critical technology innovations to its quality control audit suite. The critical enhancements ACES made throughout the year helped support a 15% year-over-year increase in quality control audits conducted across its customer base and achieved 66% growth in new client acquisition.
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Mortgage Cadence has launched a new Testing as a Service (TaaS) offering. TaaS has been an innovative new development across a range of industries as companies everywhere are offered new technologies but lack the resources to properly and fully test them. As lenders continue to grapple with increasing regulatory scrutiny and operational demands, the rise of TaaS represents a timely and valuable solution.
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