In The News

CoreLogic, a property information, analytics and data-enabled solutions provider, released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for July 2023. Here’s what it showed:

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

IBT Apps, a provider of adaptable core and digital banking software, has acquired PowerLender, a Loan Origination System, previously owned by ASC Inc. This strategic move expands IBT Apps’ product portfolio and provides both their clients and the community banking sector with an in-house Loan Origination option that seamlessly integrates with their existing core and digital banking products.

Last week Intercontinental Exchange, Inc. (NYSE: ICE), a global provider of data, technology, and market infrastructure, and Black Knight, Inc. (NYSE: BKI), a software, data and analytics company that serves the housing finance continuum, including real estate data, mortgage lending and servicing, as well as the secondary markets, made public that ICE has now completed its acquisition of Black Knight.

LenderX has launched a strategic partnership with Veros Real Estate Solutions (Veros), a provider of enterprise risk management and collateral valuation services.

National Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc. (NASDAQ: NMIH), is now integrated with Calyx Software’s Point loan origination system (LOS). The integration enables lenders and brokers to order National MI’s real-time, risk-based mortgage insurance through its Rate GPS tool instantly without having to leave the Point platform.

Chicago-based title insurance underwriter, Attorneys’ Title Guaranty Fund, Inc., (ATG), www.atgf.com, announces its new name and brand, Advocus National Title Insurance Company, effective September 1, 2023. The nearly 60-year-old organization says the name change was driven by its expansion plans. The new name, based on the Latin word for lawyer, honors the organization’s past and embraces the future.

HomeStreet Bank, the bank subsidiary of HomeStreet, Inc. (Nasdaq:HMST), has signed a multi-year contract extension for the MSP loan servicing system. MSP is Black Knight’s comprehensive, end-to-end loan servicing system that supports all aspects of servicing, from loan boarding to default. The bank will also implement new solutions to help further expand its ability to deliver high-quality customer service and efficiently manage outstanding receivables.

LenderLogix, a provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks and brokers, has completed an integration between LiteSpeed, a streamlined point-of-sale (POS) system designed for mortgage lenders and Encompass by ICE Mortgage Technology, part of ICE (NYSE: ICE) and a global data, technology and market infrastructure company that designs, builds and operates digital networks to connect people to opportunity. Through the integration, leads flow directly from LiteSpeed to Encompass, providing loan officers with the combined power and accessibility of their web-based LOS while on the go.

Mortgage applications decreased 2.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 1, 2023.