In The News – Page 4 – PROGRESS in Lending

ACES Increases Financial Services QC Audit Volume By 15% In 2024, Expands New Client Acquisition By 66%

January 15, 2025 PROGRESS In Lending

ACES Quality Management (ACES), a provider of enterprise quality management and control software for the financial services industry, has sought to support its customers through turbulent market conditions by providing critical technology innovations to its quality control audit suite. The critical enhancements ACES made throughout the year helped support a 15% year-over-year increase in quality control audits conducted across its customer base and achieved 66% growth in new client acquisition.

In The News Strategic Planning

Mortgage Cadence Launches TaaS Offering

January 13, 2025 PROGRESS In Lending

Mortgage Cadence has launched a new Testing as a Service (TaaS) offering. TaaS has been an innovative new development across a range of industries as companies everywhere are offered new technologies but lack the resources to properly and fully test them. As lenders continue to grapple with increasing regulatory scrutiny and operational demands, the rise of TaaS represents a timely and valuable solution.

Execs On The Move In The News

Bill Nelson Appointed Chairman Of MAA For 2025-2026

January 13, 2025 PROGRESS In Lending

The Mortgage Bankers Association (MBA) announced that William (Bill) Nelson, Executive Vice President, Secondary and Mortgage Operations of Standard Mortgage Corporation, has been appointed Chairman of the Mortgage Action Alliance (MAA) for the 2025-2026 election cycle.

Government Affairs In The News

MBA Applauds HUD Move On Multifamily Underwriting Enhancements

January 12, 2025 PROGRESS In Lending

MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the Department of Housing and Urban Development’s (HUD) announcement of changes to the minimum debt service coverage ratio (DSCR) and maximum loan-to-cost percentage (LTC) levels for Federal Housing Administration (FHA) multifamily loans:

Execs On The Move In The News

Nanci Weissgold Appointed Chair Of MORPAC For 2025-2026

January 12, 2025 PROGRESS In Lending

The Mortgage Bankers Association (MBA) announced that Nanci L. Weissgold, Partner and Co-Chair of the Alston and Bird law firm’s Financial Services Group, has been appointed chair of the Mortgage Bankers Association Political Action Committee (MORPAC) for the 2025-2026 election cycle.

Execs On The Move In The News

LendingPad Accelerates Digital Transformation By Welcoming Fintech Leader Kelli Himebaugh As Sales Enablement Director

January 10, 2025 PROGRESS In Lending

LendingPad announced the appointment of respected industry veteran Kelli Himebaugh as Director of Sales Enablement. This strategic addition to the leadership team underscores LendingPad’s commitment to accelerating growth while maintaining its reputation for exceptional customer experience and technological innovation.

credit availability In The News

Mortgage Credit Availability Increased In December

January 10, 2025 PROGRESS In Lending

Mortgage credit availability increased in December according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology.

Expansion In The News

Volly Has Released A New Marketing Automation Suite To Support real Estate Professionals

January 8, 2025 PROGRESS In Lending

Williston Financial Group (WFG), a full-service provider of title insurance and real estate settlement services for commercial and residential transactions nationwide, announced that its subsidiary Volly has released a new marketing automation suite to support one of the mortgage industry’s most essential collaborations: the partnership between loan officers and real estate professionals.

Execs On The Move In The News

Xactus Names Mike Brown As Chief Product Officer To Drive Innovation In Mortgage Fintech

January 8, 2025 PROGRESS In Lending

Xactus, a fintech company and provider of verification solutions for the mortgage industry, has appointed Mike Brown as its Chief Product Officer. Brown previously served as the firm’s Chief Integration Officer.

Compliance In The News

CFPB Sues Experian For Sham Investigations Of Credit Report Errors

January 7, 2025 PROGRESS In Lending

The Consumer Financial Protection Bureau (CFPB) has sued Experian, the nationwide consumer reporting agency, for unlawfully failing to properly investigate consumer disputes. The CFPB alleges that Experian does not take sufficient steps to intake, process, investigate, and notify consumers about consumer disputes, resulting in the inclusion of incorrect information on credit reports. Inaccurate or false information on consumer reports can threaten consumers’ access to credit, employment, and housing.