Author: PROGRESS In Lending

Chicago-based title insurance underwriter, Attorneys’ Title Guaranty Fund, Inc., (ATG), www.atgf.com, announces its new name and brand, Advocus National Title Insurance Company, effective September 1, 2023. The nearly 60-year-old organization says the name change was driven by its expansion plans. The new name, based on the Latin word for lawyer, honors the organization’s past and embraces the future.

HomeStreet Bank, the bank subsidiary of HomeStreet, Inc. (Nasdaq:HMST), has signed a multi-year contract extension for the MSP loan servicing system. MSP is Black Knight’s comprehensive, end-to-end loan servicing system that supports all aspects of servicing, from loan boarding to default. The bank will also implement new solutions to help further expand its ability to deliver high-quality customer service and efficiently manage outstanding receivables.

LenderLogix, a provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks and brokers, has completed an integration between LiteSpeed, a streamlined point-of-sale (POS) system designed for mortgage lenders and Encompass by ICE Mortgage Technology, part of ICE (NYSE: ICE) and a global data, technology and market infrastructure company that designs, builds and operates digital networks to connect people to opportunity. Through the integration, leads flow directly from LiteSpeed to Encompass, providing loan officers with the combined power and accessibility of their web-based LOS while on the go.

Mortgage applications decreased 2.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 1, 2023. 

Mortgage Capital Trading, Inc. (MCT), a mortgage hedge advisory and secondary marketing software firm, reported a slight 4.76% decline in mortgage lock volume over the prior month.

CV3 Financial Services, LLC, has officially launched. The company is a private lender, providing financing for fix-and-flip and rental properties to real estate investors in more than 20 states. CV3 was founded by William J. Tessar, former President of CIVIC Financial Services.

MISMO, the real estate finance industry’s standards organization, reported that the MISMO Servicing Transfer Catalog (MSTC) has reached “Candidate Recommendation” status, which means it has been thoroughly reviewed by a wide range of organizations and industry participants and is available for use across the industry.

Massachusetts-based NewFed Mortgage Corp. (NewFed Mortgage), a multi-state residential mortgage lender, has been approved by the Oklahoma Department of Consumer Credit to lend in the state to serve Oklahoma residents with a wide array of mortgage programs.

The Data & Analytics division of Black Knight, Inc. (NYSE:BKI) released a high-level summary of the latest Home Price Index for July 2023. Even with interest rates hovering near 7.25%, home price growth continued in July to push home prices to yet another record high.