MISMO has issued a call for industry professionals to join the Commercial eNotes Development Workgroup (DWG), an effort to develop a glossary of common terms that will be used in the generation of commercial, home equity line of credit, agriculture, and multi-family digital mortgages.
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Summer started sluggish for the housing market. Persistently high mortgage rates, historically low inventory, and broader macroeconomic uncertainty weighed on both buyers and sellers. Sellers remain hesitant to list due to elevated interest rates while buyers are cautious amid concerns over job security.
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nCino (NASDAQ: NCNO) has introduced Doc Validation, an AI-powered tool that tackles one of the biggest pain points in mortgage origination: document processing. The typical bank, credit union or IMB loan officer today spends an average of 13.5 hours per loan just collecting and handling documents—time that adds cost, slows down closings, and frustrates borrowers.
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Logan Finance Corporation, a top-five Non-QM mortgage lender, announced the appointment of Paul Dobynes as Western Managing Director of Sales. Dobynes brings over 25 years of mortgage industry leadership to the role, where he will spearhead Logan Finance’s expansion across California, Arizona, Nevada, Oregon, and Washington.
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Alanna.ai, the creator of a suite of AI-powered tools for title agents, has introduced Alanna Sign, a digital signing capability. The feature is an enhancement to alanna.ai Smart Forms and is designed to streamline the new data collection and reporting requirements installed by the FinCEN Anti-Money Laundering rule, which takes effect December 1, 2025.
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Land Gorilla, a construction loan management software platform, announced that Ben Sizemore has joined the company as chief information officer.
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MISMO released the Automated Valuation Model (AVM) Common Confidence Score Standard and Guidance. The new standard is designed to help mortgage originators and other stakeholders evaluate AVM risk more effectively and consistently, supporting industry-wide adoption and regulatory compliance.
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Usherpa, developers of a Customer Relationship Engagement Platform (REP) for mortgage lending, has announced a major upgrade to its integration with Homebot. These enhancements give users powerful new capabilities to automate outreach, boost prospect engagement, and increase conversion from where they already work.
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Mortgage applications decreased 1.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 15, 2025.
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