Day 1 Certainty initiative to provide clients with freedom from representations and warranties on certain aspects of the mortgage origination process.
U.S. home prices increased 0.6%, on an adjusted basis, in August compared with July and increased 5.3% compared with August 2015, according to the S&P CoreLogic Case-Shiller Indices. The 10-city composite and the 20-city composite each posted a 0.2% increase, on [Read More]
Terence Murray has joined Alterra Home Loans as the company’s new Western division sales and expansion vice president. Murray has more than a decade of experience in the mortgage business. Previously, he served as the regional sales expansion manager at [Read More]
Default software solutions provider Equator has launched a new, Web-based foreclosure and bankruptcy workflow solution designed specifically for mid-market customers. Developed in coordination with two top mortgage servicers and a half-dozen leading law firms, the solution enables configurable workflows and [Read More]
Element Funding, a division of Primary Residential Mortgage Inc., is opening a new branch office in Tampa, Fla. Gary Tuorto, sales manager, and Seth Robbins, retail branch manager, will manage the new branch, the company reports. “The new Tampa office [Read More]
After increasing 0.6% the previous week, mortgage application volume decreased 4.1% on an adjusted basis during the week ended Oct. 21, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. Applications for refinances decreased 2%, while applications for [Read More]
RE/MAX Holdings Inc., which operates the RE/MAX real estate service, is going headlong into mortgages with the launch of Motto Mortgage, a new mortgage brokerage franchise. The firm reports that Motto Franchising LLC, based in Denver, is now actively selling [Read More]
ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, says that its SmartFees service is now integrated with PCLender’s loan origination software (LOS). According to ClosingCorp, SmartFees provides an [Read More]
Black Knight Financial Services Inc. says that it has launched a new mobile app that enables mortgage lenders to instantly access critical business intelligence on Apple and Android devices. According to Black Knight, the Motivity Anywhere app leverages its LoanSphere [Read More]
(This is part three of a three-part series.) BLOG VIEW: In the first part of this series, we described how the innovative tools now widely available in the mortgage industry can better enable mortgage loan officers (MLOs) to make immediate [Read More]
BLOG VIEW: It’s not your imagination. There are a lot more mortgage options available with little down than in the past. The part of the marketplace long dominated by Veterans Affairs and Federal Housing Administration (FHA) financing now has new [Read More]
PERSON OF THE WEEK: Jim Micali is chief operating officer for LERETA, a provider of tax reporting solutions and data to the mortgage servicing industry. MortgageOrb recently interviewed Micali to get his view on whether the recent increase in mortgage [Read More]
Even borrowers with “lower” credit scores, say 620 or 640, are likely to have less relative debt than just a few years ago.