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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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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]

Black Knight: Total ‘Tappable’ Equity Hit $4.7 Trillion In 2016

Posted by Patrick Barnard on April 03, 2017

Rising home prices significantly decreased the number of underwater borrowers and boosted the amount of “tappable” equity that they have in their homes in 2016, according to Black Knight Financial Services’ Mortgage Monitor report. As of the end of the [Read More]

Bob Jennings: In Mortgage, Automated Compliance Is The Only Way To Go

Written by Patrick Barnard on April 03, 2017

PERSON OF THE WEEK: Bob Jennings is CEO of ClosingCorp, a provider of residential real estate closing cost data and technology. MortgageOrb recently interviewed Jennings to learn more about where mortgage compliance is headed in 2017 and how automation is [Read More]

Fiserv’s LoanServ Gets Improved Loss Mitigation, Loan Boarding Capabilities

Posted by Patrick Barnard on March 31, 2017

Fiserv Inc. reports that it has made numerous enhancements to its LoanServ mortgage servicing platform in recent months, including the introduction of Loan Boarding, a new solution that reduces the time it takes to acquire performing and defaulted loans from [Read More]

Mortgage Cadence Updates Its Borrower Center Platform

Posted by Patrick Barnard on March 31, 2017

Mortgage Cadence, an Accenture company, recently launched the third generation of its Borrower Center module, expanding the borrower self-service capabilities and enhancing the origination workflow of its Enterprise Lender Center platform. The Borrower Center is a cornerstone of Mortgage Cadence’s [Read More]

Visionet Systems Enhances The Interface For Its CD2UCD Solution

Posted by Patrick Barnard on March 31, 2017

Mortgage technology firm Visionet Systems recently released an enhanced Web services integration layer for CD2UCD, the industry’s only complete solution for converting closing disclosure (CD) images to Uniform Closing Dataset XML. CD2UCD addresses situations where the data required to produce [Read More]

Survey: About 9% Of Mortgages In 2016 Were Non-QM Loans

Posted by Patrick Barnard on March 30, 2017

This is down from 14% in 2015, due primarily to increased risk.

Adam Thorpe Appointed To Fannie Mae’s Single-Family Risk Advisory Board

Posted by Patrick Barnard on March 30, 2017

Adam Thorpe, president and chief operating officer of Castle & Cooke Mortgage, has been appointed to Fannie Mae‘s Single-Family Risk Advisory Board, which helps shape the credit policies of Fannie Mae, the largest supplier of U.S. mortgage funds. The Risk [Read More]