Logan Finance Implements OptifiNow TPO CRM To Grow Sales Team

Non-QM lender Logan Finance has successfully implemented the OptifiNow TPO, a CRM platform designed for wholesale lenders. OptifiNow TPO provided Logan Finance with the ability to rapidly scale their wholesale team and quickly roll out mass marketing campaigns to brokers using innovative sales and marketing management tools. “We are already seeing a positive impact of OptifiNow TPO on our sales and marketing efforts,” said Bobby Love, COO at Logan Finance.

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Mortgage App Payments Rise 3.7 Percent To $2,012 In October

Homebuyer affordability continued its downward trajectory in October, as the national median payment applied for by applicants increased 3.7 percent to $2,012 from $1,941 in September. This is according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI), which measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey (WAS).

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Exceleras Software Update Improves Collaboration

Exceleras, a provider of software solutions that drive the right actions at the right time to accelerate property disposition, has released a software update for its DispoSolutions software that will significantly increase the ability of users to collaborate and accelerate the property disposition process. The new functionality was released as part of the company’s regular software improvement program, through which it regularly delivers increased value to its clients.

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MCT Launches BAMCO: Co-issue Loan Sale Marketplace

Mortgage Capital Trading, Inc. (MCT), a mortgage hedge advisory and secondary marketing software firm, has released BAMCO, a new marketplace for co-issue loan sales. Co-issue loan sales, also known as flow-based mortgage servicing rights (MSR) sales, are a three-way transaction involving the sale of loans to one of the agencies with a simultaneous sale of the MSRs to a separate third party. BAMCO brings co-issue transactions directly into MCT’s whole loan trading platform and improves price transparency by connecting unapproved sellers to live executions from potential buyers.

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