Mortgage applications decreased 10.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 16, 2024.
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LoanCare, a U.S. mortgage subservicer, is making it easier than ever for homeowners to manage their mortgages with the updated, proprietary My LoanCare Go mobile app.
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ATTOM released a special report on U.S. Commercial Foreclosures. The report reveals a significant climb in commercial foreclosures over the years, from a low of 141 in May 2020 to the current figure of 635 in January 2024. This represents a steady increase throughout the period.
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Paradatec Inc., a provider of AI-based document analysis technology for the lending and real estate industries, launched a new Analytics module that automatically compares system-of-record data from different systems with extracted and calculated data from source documents and datasets.
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Mortgage Cadence, an Accenture (NYSE: ACN) company, has released version 4.0 of its Mortgage Cadence Platform (MCP) Loan Origination System (LOS). The company launched MCP in 2021 and then rolled out two significant updates in 2022 and 2023. With this fourth milestone release, Mortgage Cadence changes the frequency of new releases and lets lenders choose to implement new updates immediately or later. This approach drives greater user adoption and eliminates disruptions that software updates may have caused in the past.
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Truv has launched a strategic integration with Dark Matter Technologies’ leading loan origination platform, Empower, and its Exchange service network. Dark Matter Technologies connects over 17,000 service providers with top mortgage lenders and servicers to streamline communication, collaboration, and processing in a secure and compliant manner.
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Ardley Technologies, Inc., a provider of mortgage technology solutions that streamline loan origination and enhance loan closing rates, has launched Autopilot, a white-labeled automatic underwriting engine that enables lenders to create instant, conditional loan approvals for qualified borrowers.
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LoanLogics, a provider of loan quality technology for mortgage manufacturing and loan acquisition, and BaseCap Analytics, a provider of automated data validation technology, have formed a strategic partnership aimed at transforming data transparency and accuracy throughout the mortgage industry.
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ATTOM released its fourth-quarter 2023 report analyzing qualified low-income Opportunity Zones targeted by Congress for economic redevelopment in the Tax Cuts and Jobs Act of 2017. In this report, ATTOM looked at 3,667 zones around the United States with sufficient data to analyze, meaning they had at least five home sales in the fourth quarter of 2023. Here’s what it found:
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The Mortgage Bankers Association (MBA) announced that Pinnacle Financial Partners (PFP) and Walker & Dunlop have been recognized as 2024 Diversity, Equity, and Inclusion (DEI) Commercial/Multifamily Leadership Award recipients. The annual awards recognize MBA members for their leadership efforts in DEI in two award categories: Organizational DEI and Market & Community Outreach Strategies.
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