Mortgage Application Payments Increased 2.0 Percent In October
Homebuyer affordability declined in October, with the national median payment applied for by purchase applicants increasing to $2,199 from $2,155 in September.
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In The News
Heightened Sector Regulation Spurs Compliance-Focused M&A
Capstone Partners, a middle market investment banking firm, released its November 2023 Financial Technology (FinTech) Market Update, reporting that the FinTech sector has showcased significant strength amidst economic turbulence and heightened regulatory oversight, evidenced by healthy levels of merger and acquisition (M&A) and financing activity through year-to-date (YTD).
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Publix Employees Federal Credit Union Inks Tech Contract To Modernize Operations
Dark Matter Technologies (Dark Matter), a provider of origination technology, has signed a contract with Lakeland, Florida-based Publix Employees Federal Credit Union (PEFCU). The signing is the first under Dark Matter’s new corporate structure and reflects the growing footprint of the company’s Empower Loan Origination Platform in the credit union sector.
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Insellerate Completes Additional OpenAI Integration
In a market where seizing every opportunity is critical to profitability, Insellerate has introduced a new feature called InCall. This feature, powered by artificial intelligence (AI), equips lenders with the tools they need to identify and capture missed opportunities, directly contributing to success in today’s highly competitive landscape.
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STRATMOR Advisors Share Takeaways From A Down Cycle
STRATMOR Group advisors recently reflected on the most important lessons they’ve learned during the past year and their insights were published in “Lessons Learned in a Down Mortgage Market,” the November InFocus article in this month’s Insights Report.
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Encompass Lending Group Adds To Its Digital Mortgage Tech Stack
Encompass Lending Group, a wholly owned subsidiary of Fathom Holdings Inc. (Nasdaq: FTHM), has selected LenderLogix’s streamlined point-of-sale (POS) platform LiteSpeed and QuickQual, a loan origination system (LOS) add-on that allows prospective borrowers and real estate agents to run payment and closing costs scenarios.
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Podcast: Technology To Empower Loan Officers
Welcome to the Lending Buzz, the podcast that gives you the latest news, trends, insights and strategies to help you grow your business. Check it out …
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Nationwide Property & Appraisal Services Introduces BiasSHIELD
Nationwide Property & Appraisal Services LLC (NPAS) has launched BiasSHIELD, an AI-driven process designed to combat bias in property valuations and help move the industry towards a more compliant tomorrow.
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Floify Taps Courtney Dodd As Head Of Marketing
Courtney Dodd has joined Floify, a mortgage point-of-sale automation provider, as head of marketing. With 12 years of experience in the mortgage sector, Dodd is set to spearhead Floify’s marketing initiatives and reinforce its position as an innovator in the field.
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Partnership Brings Advanced LOS Technology To Credit Unions
In a very competitive market, you need every edge. That’s why CUSO Home Lending went through an exhaustive search for a new LOS to roll out to all its members.
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