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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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Black Knight: Origination Volume Fell 34% In Q1

Posted by Patrick Barnard on June 05, 2017

Mortgage origination volume fell 34% in the first quarter compared with the fourth quarter, driven mainly by a 45% drop in refinances, according to Black Knight Financial Services’ Mortgage Monitor report. Overall, lenders originated about $372 billion in first-lien mortgages [Read More]

Asurity Technologies Delivers New Mortgage Compliance Platform, RegTech

Posted by Patrick Barnard on June 02, 2017

Asurity Technologies – formerly Treliant Solutions – has rolled out a new integrated best-in-class compliance platform for the mortgage industry, dubbed RegTech. The new solution combines technologies from Treliant Solutions, which recently became Asurity Technologies, as well as Risk Management [Read More]

Skyline Financial Launching Reverse Mortgage Division, Selects ReverseVision

Posted by Patrick Barnard on June 02, 2017

Skyline Financial Corp. is launching a new reverse mortgage division and will be using ReverseVision as its loan origination system provider for reverse mortgages. Specifically, the lender will be using ReverseVision’s RV Exchange (RVX) loan origination technology and RV University [Read More]

LBA Ware Hires Finn Klemann To Head Business Development

Posted by Patrick Barnard on June 02, 2017

Finn Klemann has joined LBA Ware, a provider of automated compensation software for mortgage loan officers (LOs), as director of business development. Klemann has more than 20 years of business development and sales experience. Previously, he was vice president of [Read More]

CMPS Institute Using Optimal Blue’s Real-Time Pricing To Increase Accuracy

Posted by Patrick Barnard on June 02, 2017

CMPS Institute, a national organization that certifies mortgage bankers and brokers, has selected Optimal Blue as its partner to provide loan officers with highly accurate, real-time product eligibility and pricing through the Optimal Blue API. The CMPS platform is a [Read More]

Roostify Hires Sandeep Aji To Further Enhance Its Mortgage Automation Platform

Posted by Patrick Barnard on June 02, 2017

In order to further enhance its technology platform, as well as to enable more API-driven capabilities for lenders, Roostify, a provider of automated mortgage transaction technology, has hired Sandeep Aji as vice president of products. Previously, Aji was co-founder and [Read More]

Freddie Mac: Average Rate For A 30-Year Mortgage Hit New Low For 2017

Posted by Patrick Barnard on June 01, 2017

Mortgage rates dipped slightly during the week ended June 1, with the average rate for a 30-year, fixed-rate mortgage (FRM) falling to 3.94%, down from 3.95% the previous week, according to Freddie Mac’s Primary Mortgage Market Survey. A year ago [Read More]

SLK Global Launches New Real Estate Tax System For Mortgage Servicers

Posted by Patrick Barnard on May 31, 2017

SLK Global Solutions has launched a new real estate tax solution for the mortgage servicing industry called Real Estate Tax Servicing (RETS). The new offering caters to both commercial and residential portfolios. “Property taxes still pose a significant challenge for [Read More]

Fannie Mae Hits $1 Trillion CRT Milestone

Posted by Patrick Barnard on May 31, 2017

Fannie Mae reports that it has offloaded the credit risk on mortgage pools totaling more than $1 trillion in unpaid principal to private investors via its risk sharing deals that commenced in 2013. This includes the company’s benchmark Connecticut Avenue [Read More]

MBA: Mortgage Applications Fell 3.4%

Posted by Patrick Barnard on May 31, 2017

Mortgage application volume fell 3.4% during the week ended May 26, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. Applications for refinances decreased 6%, while applications for purchases decreased 1%, according to the report. On an unadjusted [Read More]

NAR: Pending Home Sales Fell 1.3% In April, Due Mainly To Weak Supply

Posted by Patrick Barnard on May 31, 2017

Pending home sales decreased 1.3% in April compared with March and decreased 3.3% compared with April 2016, according to the National Association of Realtors’ (NAR) Pending Home Sales Index. It was the second consecutive month that pending home sales decreased, year [Read More]

Optimal Blue Adds Third-Party Oversight To Its Offerings With Purchase Of Comergence

Posted by Patrick Barnard on May 30, 2017

Optimal Blue, offering mortgage pricing and hedging software, has acquired mortgage compliance software firm Comergence Compliance, thus significantly expanding its offerings. Founded in 2008, Comergence provides an array of third-party originator, appraiser and social media risk management solutions that verify [Read More]

Barry Hays: Servicers Must Reinvent Their Call Centers For Multichannel Millennials

Written by Patrick Barnard on May 30, 2017

PERSON OF THE WEEK: If you’re a mortgage servicer, you can safely assume that live phone communications with borrowers will become much less prevalent in the future. That’s because younger borrowers – millennials included – are much more inclined to [Read More]

Parkside Lending Adds Three New Sales Professionals In New York

Posted by Patrick Barnard on May 30, 2017

Mortgage lender Parkside Lending recently added three new professionals to its team in New York. Rich Bloom, who has 31 years of mortgage experience, including 24 years as a sales manager, will serve as the company’s new Northeastern regional manager. [Read More]

Flagstar’s Drew Ottaway Takes On Dual Role; Now Also EVP And Head Of Lending

Posted by Patrick Barnard on May 30, 2017

Andrew (Drew) Ottaway has been named executive vice president and head of lending at Flagstar Bank. This is in addition to Ottaway’s current role as president of the bank’s Michigan market. In that role, he has responsibility for Flagstar’s retail [Read More]

Case-Shiller: U.S. Home Prices Increased 0.3% In March

Posted by Patrick Barnard on May 30, 2017

U.S. home prices continued their upward climb in March, rising 0.3% on an adjusted basis compared with February and rising 5.8% compared with March 2016, according to the S&P CoreLogic Case-Shiller Indices. The index’s 10-city composite increased 0.9%, on an [Read More]

Mortgage Volume Was Abysmal In Q1

Posted by Patrick Barnard on May 26, 2017

How well did mortgage lenders do during the first quarter, volume-wise? In a word: abysmal. At least, when compared with recent past quarters. A little over 1.4 million loans (refinance and purchase loans) were originated – down 30% compared with [Read More]

Docutech Opens New Office In Scottsdale, Ariz.

Posted by Patrick Barnard on May 26, 2017

In order to support its growth initiatives, Docutech, a provider of document and compliance technology for the mortgage industry, has opened a new office in Scottsdale, Ariz. Employees at the new office are focused on operations, finance, sales and marketing, [Read More]

Accumatch Hires Lisa Barlag As Tax Examiner Manager

Posted by Patrick Barnard on May 26, 2017

Lisa Barlag has joined Accumatch, a provider of property tax tracking services for non-escrowed loans, tax reporting and payment services for escrowed loans, and redemption services for delinquent portfolios, as tax examiner manager. Barlag has 25 years of relevant tax [Read More]

What Are Mortgage Companies Doing To Help Borrowers With Limited English?

Posted by Patrick Barnard on May 26, 2017

“What?” The Federal Housing Finance Agency (FHFA) is seeking feedback from mortgage lenders and servicers to learn more about what they are doing to help mortgage borrowers with limited English proficiency (LEP). The goal is to learn more about the [Read More]