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Patrick Barnard
Patrick Barnard is a seasoned journalist with more than 20 years of experience in newspapers, magazines and online media. Prior to becoming editor for MortgageOrb.com, as well as Secondary Marketing Executive and Servicing Management magazines, he worked as a regional editor for AOL's Patch Media, covering daily news in lower Fairfield County, Conn. He also held editor roles with Technology Marketing Corp. and Penton Media. He started his career in journalism as a reporter for The Darien Times, a weekly newspaper servicing Darien, Conn., eventually rising to the rank of editor. He has also done freelance work for a number of publications. He can be reached at pbarnard@zackin.com.
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Mortgage Wholesaler United Shore To Pay $1.4M For Overcharging Interest

Posted by Patrick Barnard on April 11, 2017

Michigan-based wholesale mortgage lender United Shore Financial Services will pay $1.4 million to settle allegations brought by the California Department of Business Oversight (DBO) that it overcharged interest on thousands of loans from 2011 to 2014. California law prohibits lenders [Read More]

Parkside Lending Rolls Out VA Loan Programs

Posted by Patrick Barnard on April 11, 2017

Parkside Lending, a national wholesale and correspondent lender, is now offering Veterans Affairs (VA) home loan programs. “We’re excited that we can now partner with mortgage professionals to help eligible service men and women, veterans, and their families become homeowners,” [Read More]

Mortgage Lender PrimeLending Opens New Location In Missouri

Posted by Patrick Barnard on April 10, 2017

National mortgage lender PrimeLending recently opened a new branch in Camdenton, Mo. Ron Yarbrough will head up the new location as branch manager. He will be joined at the new location with loan originator Michelle Curry. “We are especially proud [Read More]

The Money Source Launches New Platform To Bring Transparency To Subservicing

Posted by Patrick Barnard on April 10, 2017

The Money Source Inc., a rapidly expanding nationwide mortgage lender and loan servicer, has launched Servicing Intelligence Managed Easily (SIME), a new Web-based servicing platform that integrates into legacy systems and dramatically changes how loans are serviced. The new platform [Read More]

ReQuire Real Estate Solutions Expands Offering With Document And Search Services

Posted by Patrick Barnard on April 10, 2017

ReQuire Real Estate Solutions, a provider of technology-enabled real estate settlement services and solutions, recently launched one-stop integrated access to its document preparation, property search, title curative and lien release tracking solutions via its new Document and Search Services. “The [Read More]

Altavera Mortgage Approved By S&P For RMBS Due Diligence

Posted by Patrick Barnard on April 10, 2017

Standard & Poor’s (S&P) Global Ratings has approved Altavera Mortgage Services as a third-party due diligence provider for U.S. residential mortgage-backed securities (RMBS). That means Altavera, a provider of outsourced residential mortgage origination services, has met or exceeded S&P’s rigorous [Read More]

Embrace Home Loans Launches Digital Marketing Division

Posted by Patrick Barnard on April 10, 2017

The new division has been established in response to changing consumer expectations.

Land Home Financial Services Completes First Mortgage E-Closing

Posted by Patrick Barnard on April 10, 2017

Mortgage lender Land Home Financial Services Inc., in collaboration with MERSCORP Holding Inc. (MERS) and Fannie Mae, recently completed its first e-closing via its retail origination channel. The lender reports that it has been working toward a compliant, next-generation digital [Read More]

MBA: Mortgage Credit Availability Increased In March

Posted by Patrick Barnard on April 10, 2017

Mortgage credit availability increased 3.2% in March to reach a score of 183.4 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI). That’s up from a score of 177.8 in February. The index was benchmarked to 100 in [Read More]

Atlantic Coast Mortgage Chooses ReverseVision For New HECM Division

Posted by Patrick Barnard on April 07, 2017

Atlantic Coast Mortgage (ACM) is the latest lender to sign up for ReverseVision‘s RV Exchange (RVX) Web-based reverse mortgage origination software. The lender, which serves seven states in the Mid-Atlantic region, is rolling out a new home equity conversion mortgage [Read More]

Hope LoanPort Now Integrated With FormFree’s AccountChek

Posted by Patrick Barnard on April 07, 2017

Hope LoanPort (HLP), a nonprofit technology provider for the mortgage industry, has integrated FormFree‘s AccountChek automated asset verification solution into its communication platform. HLP connects consumers, U.S. Department of Housing & Urban Development-certified housing counselors, mortgage lenders, servicers, investors, attorneys [Read More]

Freddie Mac: Mortgage Rates Fell Slightly From Last Week

Posted by Patrick Barnard on April 07, 2017

Mortgage rates moved slightly lower during the week ended April 6, with the average rate for a 30-year, fixed-rate mortgage (FRM) falling to 4.10%, down from 4.14% the week prior, according to Freddie Mac’s Primary Mortgage Market Survey. A year [Read More]

Draper And Kramer Mortgage Opens New Branch In Louisville, Ky.

Posted by Patrick Barnard on April 05, 2017

Chicago-based lender Draper and Kramer Mortgage Corp. (DKMC), the residential mortgage division of full-service real estate firm Draper and Kramer, reports that it has opened a new branch in Louisville, Ky. – its second location in the state. “It’s great [Read More]

MGIC, PreApp 1003 Announce Integration

Posted by Patrick Barnard on April 05, 2017

Mortgage lenders using PreApp 1003, a cloud-based mortgage prequalification system, can now get price quotes and order insurance from Mortgage Guaranty Insurance Corp. (MGIC) without having to leave the PreApp 1003 interface, thanks to an integration announced by the two [Read More]

MBA: Mortgage Applications Fell For Third Week Straight

Posted by Patrick Barnard on April 05, 2017

Mortgage application volume dipped 1.6% on an adjusted basis during the week ended March 31, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. Applications for refinances decreased 4%, while applications for purchases increased 1%. It was the [Read More]

Standard Versus Custom Integration: In Mortgage, It All Depends

Written by Patrick Barnard on April 05, 2017

It’s a challenging philosophical question – but fortunately, there’s plenty of middle ground.

CoreLogic: U.S. Home Prices Increased 1.0% In February

Posted by Patrick Barnard on April 04, 2017

U.S. home prices increased 1.0% in February compared with January and increased 7.0% compared with February 2016, according to CoreLogic’s home price index report. Currently, CoreLogic is forecasting that home prices will increase 0.4% from February to March and by 4.7% [Read More]

Camden National Bank Launches Digital Mortgage Platform

Posted by Patrick Barnard on April 04, 2017

Camden National Bank is the latest mortgage lender to hop on the e-mortgage train. The Camden, Maine-based company recently launched a new online mortgage portal, dubbed MortgageTouch, that automates the application and pre-approval process. Consumers can fill out an application [Read More]

Flagstar To Acquire Opes Advisors’ Mortgage Banking Business

Posted by Patrick Barnard on April 04, 2017

The acquisition fits Flagstar’s strategic goal of growing its retail mortgage business and is a “good fit culturally.”

Mortgage Lender Outlook For Q1 ‘Significantly Less Positive,’ Fannie Mae Says

Posted by Patrick Barnard on April 04, 2017

Mortgage lenders are expecting that their profits will increase slightly in the first quarter relative to the fourth quarter, but it’s not going to be as favorable when compared with the first quarter of 2016, according to Fannie Mae’s Mortgage [Read More]