BlackFin Launches MAX, The Next Generation Of Lending Business Intelligence Using AI
BlackFin, has launched MAX, a Business Intelligence (BI) software solution that will transform the way lending executives run their business.
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In The News
Share Of Mortgages In Forbearance Decreases To 0.23% In December
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 3 basis points from 0.26% of servicers’ portfolio volume in the prior month to 0.23% as of December 31, 2023.
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MCT Says Seasonal Lows Contribute To Drop In Mortgage Volume
Mortgage Capital Trading, Inc. (MCT), a mortgage hedge advisory and secondary marketing software firm, revealed a 13.71% decline in mortgage lock volume compared to the previous month.
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December New Home Purchase Mortgage Applications Increased 22.2 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for December 2023 shows mortgage applications for new home purchases increased 22.2 percent compared from a year ago. Compared to November 2023, applications decreased by 4 percent. This change does not include any adjustment for typical seasonal patterns.
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Snapdocs And LenderLogix Partner To Enable Frictionless Digital Closings At Scale
Snapdocs, a digital closing provider, has partnered with LenderLogix to provide shared customers with a unified closing experience. The integration between Snapdocs’ eClosing platform and LenderLogix’s LiteSpeed point-of-sale (POS) gives lenders the ability to offer borrowers a streamlined digital closing from loan application to final signature, all while automating cumbersome and time-intensive internal processes.
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VizionX Introduces New Closing Fee Technology
VizionX, a title technology provider focused on driving the next generation of PropTech, has launched its premier offering, VizionX Fees, within their Xchange platform. VizionX Fees is a closing cost calculator with instant access to the current data of numerous national title insurance companies.
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Optimal Blue Launches PPE App For Android, Brings Mortgage Market Indices To iOS
Optimal Blue released its publicly listed, native mobile app for the Optimal Blue PPE – the industry’s most widely used product, pricing, and eligibility engine. The releases consist of a new mobile app for Android, as well as enhancements to the company’s mobile offering for iOS.
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TransUnion Introduces New Solution To Better Assess Property Values
TransUnion (NYSE: TRU) unveiled TruVision Consumer Property Insights for Portfolio Management to help ensure both lenders and borrowers are protected from the potential risks associated with property value fluctuations.
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Anchor Loans Launches Third-Party Origination Channel
Anchor Loans, a private direct lender to U.S. residential real estate investors, has launched its new Third-Party Originator (TPO) Channel. The new channel serves mortgage brokers, banks, private and non-QM lenders and other referral partners whose clients are America’s home builders, developers, and investors.
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Ncontracts Announces AI-Powered Contract Management Tool
Ncontracts, a provider of integrated compliance, risk, and vendor management solutions to the financial services industry, has launched its new AI-powered Ntelligent Contracts Assistant module within Nvendor, reducing hours of arduous contract reviews into just minutes.
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