Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net production profit of $950 on each loan they originated in the second quarter of 2025, compared to a net loss of $28 per loan in the first quarter of 2025, according to the Mortgage Bankers Association’s (MBA) newly released Quarterly Mortgage Bankers Performance Report.
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Ncontracts, a provider of integrated compliance, risk, and vendor management solutions to the financial services industry, announced the appointment of Clay Carter as Chief Information Security Officer (CISO). The addition of Carter to the executive team strengthens Ncontracts’ security posture as the company continues to grow and demonstrates its commitment to ensuring responsible AI governance across its expanding suite of intelligent compliance solutions.
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The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for July 2025 shows mortgage applications for new home purchases increased 6.8 percent compared from a year ago. Compared to June 2025, applications increased by 7 percent.
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NotaryCam, a Stewart-owned company and leading remote online notarization (RON) provider for real estate and legal transactions, its certification to perform RON services in the state of Vermont.
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Tavant, a provider of AI-powered fintech solutions and digital engineering, launched a strategic partnership with Snapdocs, a digital closing provider. Through this partnership, the Snapdocs eClosing platform now integrates with Tavant’s FinConnect, giving lenders seamless connectivity across their entire tech stack—including POS, LOS, document providers, and other third-party or proprietary systems.
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Choice Mortgage Group, a full-service lending firm, continues its growth path for 2025 with the addition of seasoned professionals and increased loan production.
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The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.93 percent of all loans outstanding at the end of the second quarter of 2025, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.
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Newcoast, a leader in marine financing and insurance solutions, is pleased to announce the appointment of Scott Devine as Vice President of Insurance. Devine brings a distinguished track record of executive leadership and a forward-thinking strategic vision that will guide Newcoast’s Insurance Division through its next phase of growth and success.
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Optimal Blue released its July 2025 Market Advantage mortgage data report, which found a 3% month-over-month (MoM) drop in overall rate lock volume, led by a nearly 5% drop in purchase activity as affordability remained strained.
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Mortgage credit availability increased in July according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology.
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