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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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Melanie Cornelius: The Only Constant In Mortgage Servicing Is Change

Written by Patrick Barnard on March 08, 2017

Will mortgage servicers view the next round of regulatory change as a new opportunity?

MBA: Despite Rising Rates, Mortgage Applications Increased

Posted by Patrick Barnard on March 08, 2017

It’s a somewhat rare event when mortgage application volume increases significantly even though rates increased, as well – but that’s exactly what happened last week, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. Stranger still, perhaps, is [Read More]

Mortgage Connect, M&G Realty Acquire Urban Lending Solutions Appraisals

Posted by Patrick Barnard on March 07, 2017

Mortgage Connect, a national closing and title settlement service provider, and M&G Realty Enterprises, a real estate services investment company, both of which are owned by MCMG Holdings, have acquired Urban Lending Solutions Appraisals (ULSA), a nationwide appraisal management company. [Read More]

LoanLogics Updates LoanHD With New Action Plan Reporting Tool

Posted by Patrick Barnard on March 07, 2017

Version 2.13 of LoanLogics‘ LoanHD Loan Quality Management now lets lenders create, monitor and report on the results of action plans, as required by Fannie Mae and Freddie Mac. The new Action Plan Reporting tool enables a lender to create [Read More]

CoreLogic: Home Prices Increased 0.7% In January

Posted by Patrick Barnard on March 07, 2017

U.S. home prices increased 0.7% in January compared with December and increased 6.9% compared with January 2016, according to CoreLogic’s home price index report. The report takes distressed sales into account. Currently, CoreLogic is forecasting that home prices will increase 0.1% [Read More]

Exceleras: Shaving Weeks Off The REO Disposition Process

Posted by Patrick Barnard on March 06, 2017

One of the most important metrics when it comes to real estate owned (REO) disposition is time. Every day it takes to move a property off the investor’s balance sheet and back into the market costs money. Mortgage technologists have [Read More]

Frank Martell To Succeed The Late Anand Nallathambi At CoreLogic

Posted by Patrick Barnard on March 06, 2017

Frank Martell has been named president and CEO of CoreLogic, succeeding Anand Nallathambi, the company’s former president and CEO, who passed away on March 2. Martell has also been appointed to the board of directors with immediate effect, the software, [Read More]

Lenders One, Mortgage Bankers Association Ink Symbiotic Deal

Posted by Patrick Barnard on March 06, 2017

The Lenders One Cooperative, a national alliance of independent mortgage bankers, has teamed up with the Mortgage Bankers Association (MBA) to come up with the offer of a mortgage banker’s lifetime: For a limited time, Lenders One members who join [Read More]

NCS Snaps Up Lisa Binkley As SVP Of Business Development

Posted by Patrick Barnard on March 06, 2017

Lisa Binkley has joined National Credit-reporting System Inc. (NCS), a full-service consumer reporting agency specializing in third-party verification solutions and credit intelligence, as senior vice president of business development. Binkley, a recognized industry expert in third-party verifications, quality control and [Read More]

Black Knight: 2016 Originations Were Highest In Nine Years

Posted by Patrick Barnard on March 06, 2017

Mortgage lenders originated $2.1 trillion in first-lien mortgages in 2016 – an increase of 17% compared with 2015, according to Black Knight.

Stewart Title Now Integrated With ClosingCorp’s SmartFees Platform

Posted by Patrick Barnard on March 06, 2017

Mortgage lenders using ClosingCorp‘s SmartFees platform can now get rates and fees directly from Stewart’s nationwide network of title offices without having to leave the SmartFees platform, thanks to an integration announced by the two companies. By the same token, [Read More]

Require Holdings Acquires Deeds On Demand

Posted by Patrick Barnard on March 06, 2017

Require Holdings, parent of reQuire Real Estate Solutions, a provider of compliance and risk management solutions to the real estate settlement services industry, has acquired Deeds on Demand, the first Internet-based deed and real estate document service designed to provide fast, accurate [Read More]

Report: Non-Bank Mortgage Lenders Continued To Pick Up Market Share In Q4

Posted by Patrick Barnard on March 06, 2017

More than 7.3 million loans were originated on U.S. residential properties (one to four units) in 2016 – up 2% compared with 2015 to reach the highest total since 2013, according to ATTOM Data Solutions’ recently released U.S. Residential Property [Read More]

Bobby Wolf: Time Is Ripe For Mortgage Trading To Move Online

Written by Patrick Barnard on March 06, 2017

Lenders One is a national alliance of independent mortgage bankers. The group worked closely with its affiliate, Altisource Portfolio Solutions, to develop Altisource’s new mortgage trading platform, dubbed noteXchange. MortgageOrb recently interviewed Bobby Wolf, vice president of capital markets and [Read More]

Altisource Launches Mortgage Trading Platform

Posted by Patrick Barnard on March 06, 2017

Altisource Portfolio Solutions has launched a new mortgage trading platform dubbed noteXchange. The secondary market trading platform brings buyers and sellers together in a centralized exchange that enables better communications, shorter sales cycles and automated processes, the firm says in [Read More]

Carson Sworn In As HUD Secretary

Posted by Patrick Barnard on March 03, 2017

Dr. Ben S. Carson Sr. was officially sworn in as the 17th Secretary of the U.S. Department of Housing and Urban Development (HUD) on Thursday. Vice President Mike Pence administered the oath of office, with Secretary Carson’s wife Candy and [Read More]

Caliber Home Loans Buying Banc Of California’s Mortgage Origination Operations

Posted by Patrick Barnard on March 02, 2017

Caliber is also purchasing MSRs from Banc of California for about $36 million.

Freddie Mac: Mortgage Rates Move Lower

Posted by Patrick Barnard on March 02, 2017

Mortgage rates broke out of their “holding pattern” and moved significantly lower during the week ended March 2, with the average rate for a 30-year, fixed-rate mortgage (FRM) at 4.10%, down from 4.16% the previous week, according to Freddie Mac’s [Read More]

ARMCO: CFPB Should Be Offering Guidance Pertaining To TRID Defects

Posted by Patrick Barnard on March 01, 2017

The risk of defects in loan files dropped to 1.27% in the third quarter of 2016, after reaching a high of 1.92% in the second quarter of 2016, according to ARMCO’s Mortgage QC Industry Trends Report. However, the firm notes [Read More]

New CoreLogic Solution Improves Accuracy Of Tax Data In LEs

Posted by Patrick Barnard on March 01, 2017

CoreLogic has introduced Property Tax Estimator, an automated solution designed to improve the accuracy of loan estimates (LEs) in the origination process. The solution is particularly effective in estimating taxes for new construction loans and in areas of the country [Read More]