STRATMOR Report: Lenders Should Shift Focus To Purchase Business Now

In its latest Insights Report, mortgage advisory firm STRATMOR Group connects the dots between lender profitability and business mix and details how the coming purchase market will impact lenders that are not prepared. In “Prepare Now for the Storms Ahead: Build Your Purchase Business” Garth Graham, STRATMOR senior partner, reveals the data that makes clear the causal link between high refinance volume and high profitability. 

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Condo Prices Rise At Least 20 Percent In Majority Of Oceanfront Counties

ATTOM released a special report looking at condominium sales and prices in oceanfront counties around the U.S. The report, following up on the June 2021 collapse of the beachfront Champlain Towers South condominiums in Florida, shows that median condo values and price increases in oceanfront counties in the second quarter of 2021 closely tracked national trends.

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U.S. Home Price Appreciation Increases Again

After a strong finish to the first half of 2021, home prices across the United States rose at an even faster pace in July as compared to June. According to Radian Home Price Index (HPI) data released today by Red Bell Real Estate, LLC, a Radian Group Inc. company (NYSE: RDN), home prices nationally rose month-over-month from June 2021 to July 2021 at an annualized rate of 14.7 percent. The company believes the Radian HPI is the most comprehensive and timely measure of U.S. housing market prices and conditions available in the market today.

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CoreLogic Completes Deep Integrations Into ICE Mortgage Technology Platform

CoreLogic, a global property data and analytics-driven solutions provider, has entered into an enterprise agreement with ICE Mortgage Technology, part of Intercontinental Exchange, Inc. (NYSE: ICE), a global provider of data, technology and market infrastructure, to support the company’s commitment to delivering a true digital mortgage offering for mortgage lenders and their borrowers. To drive this shared vision of improving the mortgage manufacturing process, CoreLogic will leverage Encompass Partner Connect across ten fundamental CoreLogic solutions to update critical data-driven processes and make these solutions available to thousands of mutual clients on the ICE Mortgage Technology Platform.

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Blockchain-Based, AI-Powered Mortgage Advisor Home Lending Pal Raises $2.2M In Pre-Series A Round

The Mortgage Collaborative, the nation’s largest independent cooperative network serving the mortgage industry, announced that the TMC Emerging Technology Fund LP (the “Fund”) recently led a pre-Series A investment round in Home Lending Pal. Home Lending Pal is a technology-enabled marketplace that focuses on fair lending practices by using artificial intelligence and distributed ledger technology to turn a complex home research and origination process into an easy online shopping experience for both qualified and unqualified borrowers. Home Lending Pal’s platform assists consumers, particularly minorities and millennials, to assess their financial ability to take on a mortgage. It also guides them to take actions to improve their access to mortgage financing and select mortgage originators with whom they want to share their application information based on an AI algorithm that predicts probability to close.

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ServiceLink Adds No-Touch Closing Disclosures To Instant Title Offering

ServiceLink’s EXOS Technologies is strengthening its Closing offerings with the rollout of EXOS Closing Disclosure (CD). With EXOS no-touch CD, ServiceLink lender partners will benefit from increased efficiencies on the path to close as it digitizes and automates every step of the closing disclosure process – including revisions – for faster origination.

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