Mortgage Automation Technologies (MAT), the company behind The BIG Point of Sale, has successfully integrated Informative Research via ICE Mortgage Technologies’ Partner Connect®, offering loan officers the ability to seamlessly pull credit, and verify income, assets, and employment (VOA & VOE/I) directly from their mobile devices.
Read More
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net profit of $701 on each loan they originated in the third quarter of 2024, an increase from the reported net profit of $693 per loan in the second quarter of 2024, according to the Mortgage Bankers Association’s (MBA) newly released Quarterly Mortgage Bankers Performance Report.
Read More
NewFed Mortgage, an independent mortgage banking leader known for its commitment to technology-driven innovation and personalized lending solutions, is pleased to announce the appointment of Rick Scherer as Chief Strategy Officer (CSO). With over two decades of experience in the mortgage industry, Rick Scherer will play a pivotal role in guiding NewFed’s ambitious national expansion and market dominance as the company continues its growth trajectory.
Read More
Mortgage credit availability increased in October according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology.
Read More
Mortgage applications increased 0.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 8, 2024.
Read More
Redefining Business Intelligence (RBI), a data science company that uses AI and experienced business analysts to pull actionable insights from very large data sets, published a new White Paper entitled, “The Critical Need for Data Science in the Modern Business Enterprise.” The paper defines data science for the mortgage industry and offers options for lenders seeking more insight from the data they already own.
Read More
OptifiNow, a provider of cloud-based CRM and marketing automation solutions, and Loan Originator Networks, LLC (LON) have launched a new integration that aims to revolutionize the way wholesale account executives support brokers by streamlining loan scenario requests and pricing.
Read More
ATTOM released its October 2024 U.S. Foreclosure Market Report, which shows there were a total of 30,784U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 4 percent from a month ago but down 11 percent from a year ago.
Read More
Optimal Blue announced two key executive promotions that will position the company to deliver innovation faster across the company’s entire capital markets platform, and to further expand the company’s network of partners. Erin Wester has been promoted to chief product officer and Mike Vough has been promoted to head of corporate strategy.
Read More
Home Value Lock, an innovative new insurance product recently launched in the Sacramento area, has announced a program to support VA loan applicants.
Read More