Optimal Blue has released its Originations Market Monitor report, looking at mortgage origination data through December month-end. Leveraging daily rate lock data from the Optimal Blue PPE – the industry’s most widely used product, pricing, and eligibility engine – the Originations Market Monitor provides a comprehensive and timely view into origination activity.
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In an effort to help lenders verify income and employment information quicker and easier, Experian added a new integration with Dark Matter Technologies (Dark Matter). Experian clients using the Empower loan origination system (LOS) by Dark Matter or those with access to its Exchange service network can now easily leverage Experian Verify, which provides instant access to verified income and employment information from Experian’s growing network of payroll and proprietary data.
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Blue Sage, a provider of cloud-based lending technology, has launched the Blue Sage Digital Servicing Platform (DSP), enabling lenders to utilize a fully integrated platform covering the entire mortgage lifecycle. The initial version of the system includes all necessary functions to perform interim servicing, with full-scale servicing functionality to follow.
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ATTOM released its Year-End 2023 U.S. Foreclosure Market Report, which shows foreclosure filings— default notices, scheduled auctions and bank repossessions — were reported on 357,062 U.S. properties in 2023, up 10 percent from 2022 and up 136 percent from 2021 but down 28 percent from 2019, before the pandemic shook up the market. Foreclosure filings in 2023 were also down 88 percent from a peak of nearly 2.9 million in 2010.
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MISMO, the real estate finance industry’s standards organization, announced the recipients of its MISMO Awards program during a ceremony at its 2024 Winter Summit. The MISMO Awards program recognizes the volunteer contributors for their efforts to advance MISMO standards, increase participation, and support the organization.
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Atlantic Closing & Escrow (“ACE”), a national, attorney-driven settlement services firm, has acquired Maryland-based title agency Village Settlements. The company will be rebranded as “Village Settlements, An Atlantic Closing & Escrow Company.”
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Mortgage credit availability decreased 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.
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This year PROGRESS in Lending will continue its rich tradition of recognizing true excellence in mortgage lending. Here’s the full 2024 calendar …
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MISMO, the real estate finance industry’s standards organization, introduced new certification opportunities at its 2024 Winter Summit. The new certification offerings include MISMO’s Certified Consultant program, MISMO’s e-Vault System Certification, and MISMO’s SMART Doc Validation Rules Certifications. These three new certifications bring MISMO’s total industry certification opportunities to eight.
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Mortgage servicers are in dire need of a backup loss mitigation strategy to protect homeowners and their businesses amid the growing number of cyberattacks affecting the financial services industry, says Donna Schmidt, a default servicing expert and founder of WaterfallCalc, a provider of loss mitigation technology for small- and mid-sized mortgage servicers.
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