Appraisers are concerned about the technology movement, including the use of big data and analytics, and how that might impact their careers in the future.
Supreme Lending has opened a new branch in the Denver market that will be managed by 25-year industry veteran Carlos Ruiz. Ruiz has been in the mortgage industry for 25 years and has strong knowledge of the full range of [Read More]
Fast-growing Embrace Home Loans has opened another location in Washington, D.C. The new branch is located at 1001 Connecticut Ave. N.W. Ste. 405 will be managed by mortgage professional Margie Hennessey. Hennessey has more than 13 years of mortgage lending [Read More]
USFN–America’s Mortgage Banking Attorneys and its member firms from across all 50 states will soon be publishing a comprehensive guide and matrix in order to provide mortgage servicers with assistance in navigating the Consumer Financial Protection Bureau’s (CFPB) new successor [Read More]
Mortgage document preparation vendor International Document Services Inc. (IDS) reports that its Uniform Closing Dataset (UCD) XML file has been certified to meet all UCD requirements by government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac – ahead of the [Read More]
Refinances fell to 35% of all loans passing through Ellie Mae’s Encompass loan origination platform in April, down from 37% in March and down from 43% in February, mortgage software firm reports. The closing rate for all loan types fell [Read More]
Mortgage rates edged back down during the week ended May 18, with the average rate for a 30-year fixed rate mortgage (FRM) at around 4.02%, down from 4.05% the previous week, according to Freddie Mac’s Primary Mortgage Market Survey. A [Read More]
During the Realtors Legislative Meetings & Trade Expo, Lawrence Yun, chief economist for the National Association of Realtors (NAR), predicted that existing-home sales would reach an annual pace of 5.64 million by the end of this year – an increase [Read More]
U.S. household debt increased 1.2%, or $149 billion, in the first quarter compared with the fourth quarter to reach $12.73 trillion, according to the New York Fed’s Quarterly Report on Household Debt and Credit. That surpasses the peak of $12.68 [Read More]
Pre-foreclosure management of properties can be greatly improved with technology.
BLOG VIEW: Like the swallows returning to Capistrano, most of us have annual pilgrimages that mark the seasons. We call them conferences. The mortgage industry is fortunate to have some of the best annual conferences of any business sector in [Read More]
PERSON OF THE WEEK: The loan origination system (LOS) is the core system and “workhorse” of any mortgage software ecosystem. These central software applications control the bulk of the mortgage origination process, from application through closing, including the automated processing [Read More]
MORNING COMMUTE: Morning Commute makes its triumphant return after a four-week hiatus. And the music this morning was Allan Holdsworth’s “Road Games,” a fabulous jazz fusion record from 1983 and Holdsworth’s only release on a major label (Warner Brothers). On [Read More]