American Financial Network (AFN) NMLS: 237341, one of the fastest growing mortgage banks in the U.S., has selected Snapdocs’ eClosing platform and eVault solution to accelerate digital closing adoption, boost the company’s operational efficiency, and uplevel the borrower experience.
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Insellerate, a provider of customer relationship management (CRM) and marketing automation solutions to the mortgage lending and real estate industries, has launched its new User Interface (UI) for the award-winning CRM & Engagement platform.
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LenderLogix, a provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, released the Homebuyer Intelligence Report, a quarterly summary of insights into borrower behavior during the home buying process based on data collected by the LenderLogix suite of tools. The latest report covers data collected during the pre-approval and borrower application process during the fourth quarter (Q4) of 2023.
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Dark Matter Technologies (Dark Matter), a provider of loan origination software, appointed industry veteran Tony Fox as its chief of client engagement.
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First Federal Bank, based in Twin Falls, Idaho, has engaged Calque, a company that enables traditional lenders to offer buy-before-you-sell programs, to launch The Trade-In Mortgage in Idaho. With The Trade-In Mortgage, First Federal Bank will give individuals the opportunity to leverage the equity in their home to purchase a new one, prior to selling their current home.
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MISMO, the real estate finance industry’s standards organization, published the updated MISMO Engineering Guideline (MEG) 7.
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Rutledge Claims Management, Inc. (RCM), a provider of hazard insurance claims management for the mortgage industry, announced Aubrey Gilmore has been promoted from chief operations officer to president. In her new role, Gilmore will oversee RCM’s core services and drive strategic decisions, ensuring client satisfaction and the company’s reputation for excellence in the hazard insurance claims sector.
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Mortgage applications decreased 7.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 26, 2024. Last week’s results included an adjustment to account for the MLK holiday.
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MBA SVP and Chief Economist Mike Fratantoni’s reaction to the U.S. Commerce Department report on Q4 GDP bodes well for mortgage lending. He said:
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S&P Dow Jones Indices (S&P DJI) released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released for November 2023 show that 12 out of the 20 major metro markets reported month-over-month price decreases.
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