The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for March 2025 shows mortgage applications for new home purchases increased 5.5 percent compared from a year ago. Compared to February 2025, applications increased by 14 percent. This change does not include any adjustment for typical seasonal patterns.
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ATTOM released its 2024 property tax analysis for 85.7 million U.S. single-family homes, which shows that $357.5 billion in property taxes were levied on single-family homes in 2024, down 1.6 percent from 2023. The report also shows that the average tax on a single-family home in the U.S. rose to $4,172 in 2024, a 2.7 percent increase over the previous year. In 2023, the average tax on a single-family home had increased 4.1 percent over the prior year.
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For the first time ever we are recognizing new products or updates of existing products that solve a real industry sticking point and improve the mortgage process for the better. APPLY TODAY!
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Independent mortgage banks and mortgage subsidiaries of chartered banks reported an average profit of $443 on each loan they originated in 2024, up from an average loss of $1,056 per loan in 2023.
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EquityProtect, a provider of real estate fraud prevention and data security, has partnered with title companies across the nation to provide property owners with enhanced safeguards that complement their existing title insurance.
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Xactus announces The Work Number Report Indicator from Equifax is now available through Xactus360, the industry’s first Intelligent Verification Platform (IVP). This new solution allows lenders to quickly see an indicator of the applicant’s employment status through The Work Number alongside an Equifax credit report.
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Despite millions of dollars invested across the industry, Business Intelligence (BI) software is not delivering the insights mortgage lenders need to grow their businesses in the current environment. That’s the conclusion data scientists at Redefining Business Intelligence (RBI), a data science company that uses AI and experienced business analysts to pull actionable insights from very large data sets, reached in a new white paper.
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Halcyon, a provider of mortgage and income verification technology, has completed an integration to provide import capability for Fannie Mae’s Income Calculator using tax transcript data, integrated into the Halcyon Income Analyzer platform.
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Friday Harbor, an AI-powered platform that helps loan officers assemble complete and compliant loan files in real time, announced the completion of a $6 million seed round. The round was led by Abstract Ventures, a San Francisco-based venture firm with $1.5 billion in assets under management and a track record of backing breakout companies including Rippling, xAI, Hebbia, Brigit and Hippo (NYSE: HIPO) and Mischief, an early-stage VC fund co-founded by Plaid CEO Zach Perret.
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Lender LTD, a new face in the 3rd Party Origination space, has selected OptifiNow as its customer relationship management (CRM) platform provider. The decision to implement OptifiNow’s platform was driven by one key factor: OptifiNow is one of the few CRM solutions purpose-built for wholesale lenders.
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