MISMO announced a call for industry professionals to join the Title and Closing Documents to Data Development Workgroup (DWG) to support development of the Title Order Dataset Specification. This new initiative will define a standardized dataset for exchanging title order information between lenders, title providers, and technology vendors.
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CrossCountry Mortgage, LLC (“CCM”), the nation’s largest distributed-retail mortgage lender, announced that its direct parent company, CrossCountry Intermediate HoldCo, LLC (the “Company”), priced its upsized offering of $600 million aggregate principal amount of 6.750% senior notes due 2032 (the “Notes”).
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Alpha7X, an agentic AI utility infrastructure that connects, validates and synchronizes mortgage data and eliminates redundant loan reviews, announced the appointments of three senior executives to its leadership team. The company named Mo Asady as chief technology officer, Mark Braden as chief strategy officer and Lynn Calahan as senior product director to accelerate adoption of its patent-pending platform.
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DocMagic launched its in-person electronic notarization (IPEN) capability, extending the company’s Total eClose platform to support more closing scenarios and borrower preferences across the country. IPEN offers lenders, settlement agents, notaries and borrowers an additional digital option for situations where remote online notarization (RON) is not jurisdictionally permitted or simply not the preferred experience.
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Homebuyer affordability improved in October, with the national median payment applied for by purchase applicants decreasing to $2,039 from $2,067 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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Lake Michigan Credit Union (LMCU) has implemented FirstClose’s Equity Order Management to automate settlement workflows for its home equity lending operations.
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MISMO published the new Federal Government Housing Agency Servicing Dataset in ‘Candidate Recommendation’ status, indicating the standard has been thoroughly reviewed by a wide range of organizations and industry participants and is available for use across the industry.
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Outamation launched OutamateMods Retention, a comprehensive solution that enables banks and financial institutions to efficiently execute competitive-rate loan modifications on portfolios they own.
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Mortgage applications decreased 5.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 14, 2025.
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Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net production profit of $1,201 on each loan they originated in the third quarter of 2025, compared to a net production profit of $950 per loan in the second quarter of 2025, according to the Mortgage Bankers Association’s (MBA) newly released Quarterly Mortgage Bankers Performance Report.
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