The fourth 2023 quarterly installment of WFG’s ”Quarterly Economic Outlook,” an informative and influential webinar featuring Williston Financial Group (WFG) Chairman and Founder Patrick F. Stone and Economist and Forbes contributor Bill Conerly, Ph.D., will take place on Tuesday, December 5th at 2 pm ET/1 pm CT/11 am PT.
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Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $1,015 on each loan they originated in the third quarter of 2023, an increase from the reported loss of $534 per loan in the second quarter of 2023, according to the Mortgage Bankers Association’s (MBA) newly released Quarterly Mortgage Bankers Performance Report.
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LodeStar, a national provider of closing fee-related compliance tools for mortgage lenders, has integrated with nCino’s (NASDAQ: NCNO) mortgage suite for loan officers, borrowers, real estate agents and settlement agents. LodeStar is the first independent closing fee technology to be incorporated into the nCino Mortgage Suite’s dual automated underwriting systems (AUS) feature, which helps mortgage originators select best-fit products for borrowers by simultaneously submitting loan application data to Fannie Mae and Freddie Mac’s respective underwriting engines.
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The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.62 percent of all loans outstanding at the end of the third quarter of 2023, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.
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Rapidio, a provider of mortgage underwriting technology, announced availability of its data platform to safely transform mortgage lending with speed, accuracy and security.
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Down Payment Resource (DPR), an authority on homebuyer assistance program data and solutions, reports that homebuyer assistance program administrators are responding to the mounting home affordability crisis by rapidly rolling out new homebuyer assistance programs and funding buydowns.
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Cloudvirga, a provider of digital mortgage point-of-sale platforms, has completed final certification for full API integration with the Optimal Blue product, pricing and eligibility (PPE) engine and digital mortgage marketplace. Cloudvirga’s existing integration with Optimal Blue already included loan pricing and lock set services, which are two of Optimal Blue’s three pillars. The final certification, post-lock activities, is the third pillar.
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High interest rates and higher-than-expected costs for goods and services continue to squeeze the wallets of American consumers. This has led to many – continuing to leverage their existing credit account lines more than ever.
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DocMagic, Inc., a provider of compliant loan document generation, automated regulatory compliance, and eMortgage services, has promoted Chris Lewis to the role of Director of Sales. Lewis is tasked with driving strategic sales initiatives for the company’s new innovations.
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I give you the scoop on how new data from ICE shows growth avenues for lenders, plus here’s the reason why I think Blue Sage gets how to grow in this market, and let’s end with talk about how we at PROGRESS practice what we preach. Check it all out here …
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