PennyMac Financial Services, Inc. (NYSE: PFSI) (Pennymac) and Vesta Innovations, Inc. (Vesta) announced a strategic partnership to streamline the mortgage application process and enhance the customer experience.
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FirstClose announced the promotion of Andria Lightfoot to vice president of client success.
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The number of consumers whose rent payments are reported to credit reporting agencies rose to 13% in 2025, up from 11% in 2024, according to a new TransUnion (NYSE: TRU) report. This trend may gain momentum after the announcement of a policy from the Federal Housing Finance Agency (FHFA) that will make it easier for rent payments to help consumers qualify for mortgages.
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Outamation, a pioneer in automation and digital transformation that reimagines workflows to deliver impactful business outcomes, has launched its waterfall decision engine within OutamateMods. The solution delivers automated decisioning across all agencies and investor types, including seamless connectivity to Fannie Mae’s SMDU and Freddie Mac’s Resolve platform, while being first to market with complete integration of FHA Mortgagee Letter 2025- 14 changes.
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In 2024, 2,463 different multifamily lenders originated a total of $288.7 billion in new mortgages for multifamily properties with five or more units, according to the Mortgage Bankers Association’s (MBA) annual report of the multifamily lending market.
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In total 46 independent mortgage banks (IMBs) sent a joint letter today to Treasury Secretary Bessent and FHFA Director Pulte identifying IMB priorities for a Fannie/Freddie Exit from Conservatorship, to protect smaller IMBs and consumers.
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Asurity Technologies, LLC® (“Asurity®”), a provider of mortgage compliance technology, announced the successful integration of RegCheck®, Asurity’s real-time loan-level compliance solution, with Calyx Path®, the enterprise-grade, cloud-based loan origination system (LOS) from Calyx®, a trusted name in mortgage technology for banks, credit unions, mortgage bankers, and brokers.
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Blue Sage Solutions, a provider of innovative cloud-based digital lending technology, announced the early release of its new AI Sales Agent, a powerful voice- and text-enabled assistant built natively into the Blue Sage Digital Lending Platform. AI Sales Agent is currently being tested with select clients and is expected to be generally available later in 2025.
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PennyMac Financial Services, Inc. (NYSE: PFSI) (Pennymac) announced that its Correspondent Group will launch a new suite of non-qualified mortgage (Non-QM) products on September 22. These products will expand access to flexible financing for borrowers who do not meet traditional agency criteria.
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Planet Financial Group, LLC, parent of national mortgage lender Planet Home Lending, LLC, which also does business under the name Planet Loan Servicing, and asset manager Planet Management Group, LLC, had strong growth across its servicing, origination and asset management channels in the second quarter of 2025.
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