LoanLogics, a provider of loan quality technology for mortgage manufacturing and loan acquisition, launched significant enhancements to its LoanBeam income calculation technologies. The enhancements will enable lenders to efficiently process income documents related to wage earners in the same service they use to process self-employed borrowers.
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Floify, a point-of-sale (POS) solution provider, announced the appointment of Jason Mapes as head of sales. Mapes, who previously served as director of sales for nCino’s Mortgage Suite, brings a wealth of experience to spearhead Floify’s national sales initiatives.
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Optimal Blue released its April 2024 Originations Market Monitor report, which reveals the first year-over-year increase in purchase mortgage lock counts since the Federal Reserve initiated rate hikes in March 2022.
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WFG National Title Insurance Company (WFG), a Portland-based, full-service provider of title insurance and real estate settlement services for commercial and residential transactions nationwide, has appointed 40-plus-year industry veteran Dan Hassen as Senior Vice President and Southwest Regional Manager for the company’s Agency Operations.
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The National Credit Union Administration (NCUA) recently awarded ORNL Federal Credit Union (ORNL FCU), the second largest federally chartered credit union in the state of Tennessee, a merger with Lowland Credit Union (LCU). Following state regulatory approval and LCU member’s vote of approval, the merger was effective May 1, 2024. ORNL FCU is the continuing credit union, with LCU employees and members now ORNL FCU employees and members.
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EarnUp, Inc., a financial wellness fintech company, announced that lenders and servicers will be able to use its platform to offer borrowers a convenient mortgage payment option: Text to pay via debit card.
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Panorama Mortgage Group, LLC (PMG), a leading nationwide independent mortgage bank headquartered in Las Vegas, Nevada, operating under the DBA’s Alterra Home Loans, Vision Mortgage Group, LEGACY Home Loans and Lone Peak Lending, has launched an innovative and proprietary loan program that breaks down the barriers for first-generation, first-time homebuyers with its unique 1% down payment and 2% grant down payment assistance; known as the 1st Generation Homebuyer (1st Gen) loan program.
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Planet Home Lending, a national mortgage lender, servicer, and asset manager, has hired Paul Walker to be Chief Financial Officer. Walker’s two decades of mortgage banking finance expertise coupled with his ability to foster cross-channel collaboration make him a pivotal addition to the company’s executive leadership team.
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Mortgage Capital Trading, Inc. (MCT),a provider of mortgage capital markets technology, reported a 1.87% increase in mortgage lock volume compared to the previous month.
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Mortgage applications increased 2.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 3, 2024.
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