Residential Mortgage – Page 2

Factual Data Promotes Jay Giesen to President

Posted by Patrick Barnard on September 12, 2017

Jay Giesen has been promoted to president at Factual Data, a provider of credit and verification services to the mortgage industry. Giesen has been with the Colorado-based organization since January 2014, most recently serving as senior vice president. Prior to [Read More]

Scott Arnold Promoted to SVP of Finance and Administration at DIMONT

Posted by Patrick Barnard on September 12, 2017

Scott Arnold has been promoted to senior vice president of finance and administration at DIMONT, a provider of insurance claims adjusting and collateral loss mitigation services to the mortgage industry. Arnold joined DIMONT in October 2016 as vice president of [Read More]

MBA: Mortgage Credit Loosened in August

Posted by Patrick Barnard on September 11, 2017

Mortgage credit availability increased slightly in August compared with July, rising 0.7% to a score of 180.2 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI). The index was benchmarked to a score of 100 in March 2012. [Read More]

CoreLogic: 34% of Homes in Major Cities Are Overvalued

Posted by Patrick Barnard on September 11, 2017

U.S. home prices increased 0.9% in July compared with June and increased 6.7% compared with July 2016, according to CoreLogic. The Western states led the nation in home price growth in July, with Washington and Utah experiencing double-digit year-over-year increases. [Read More]

Significant Percentage of Mortgages Carry Co-Borrowers

Posted by Michael Bates on September 08, 2017

The Q2 2017 U.S. Residential Property Loan Origination Report from ATTOM Data Solutions found that 22.8% of all purchase loan originations on single-family homes in Q2 2017 involved co-borrowers – multiple, non-married borrowers listed on the mortgage or deed of [Read More]

Home Point Names Ross Gloudeman Chief Compliance Officer

Posted by Michael Bates on September 08, 2017

Mortgage origination and servicing organization Home Point Financial Corp. has appointed Ross Gloudeman the company’s chief compliance officer. Gloudeman has 10 years of experience providing legal counsel and administration of risk and compliance management systems in the financial services and [Read More]

Rebrand: Black Knight, Minus the ‘Financial Services Inc.’

Posted by Michael Bates on September 07, 2017

One of the mortgage industry’s most prominent technology and analytics providers, Black Knight Financial Services Inc., is rebranding itself a bit following planned shareholder activity on Wall Street. The change isn’t huge – a simple, official and public shift to [Read More]

Freddie Mac Provides New CRT Pricing Disclosures

Posted by Michael Bates on September 06, 2017

Freddie Mac says it is making available pricing and deal terms for all Agency Credit Insurance Structure (ACIS) and Whole Loan Securities (WLS) transactions to date, building on similar disclosures for its Structured Agency Credit Risk (STACR) program. ACIS and [Read More]

Encompass Users Gain Access to Land Gorilla

Posted by Michael Bates on September 05, 2017

Land Gorilla’s construction loan management cloud-based software is now available through Ellie Mae‘s Encompass mortgage management solution, allowing Encompass customers to manage their renovation, construction-only and construction-to-perm loans. Ellie Mae’s lender clients can access Land Gorilla’s Construction Loan Manager draw [Read More]

Pending Homes Sales Remain Sluggish

Posted by Michael Bates on September 01, 2017

Pending homes sales fell in July for the fourth time in five months, as only the West saw an increase in contract activity, according to the National Association of Realtors. NAR’s Pending Home Sales Index (PHSI), a forward-looking indicator based [Read More]

Ellie Mae Acquires Velocify

Posted by Michael Bates on September 01, 2017

Ellie Mae has signed an agreement to acquire Velocify, a company that provides sales lead management technology and tools, in order to help facilitate its vision for a “fully digital mortgage.” With the acquisition, Ellie Mae will combine Velocify’s lead [Read More]

Bankrate: Mortgage Rates Are at a Low for 2017

Posted by Michael Bates on August 31, 2017

According to’s weekly national survey, mortgage rates fell to their lowest level of the year, with the benchmark 30-year fixed mortgage rate now at 3.97%. This is the first time the rate has been below 4% since last November. [Read More]

The Mortgage Collaborative Using Resitrader’s Secondary Platform

Posted by Michael Bates on August 31, 2017

Resitrader Inc., an online exchange for whole loan trading in the secondary mortgage market, says it will be providing the Resitrader platform as a private-label product to members of The Mortgage Collaborative (TMC), an independent mortgage cooperative. The platform, called [Read More]

LoanScorecard Enhances Tech to Better Connect TPOs, Wholesalers

Posted by Michael Bates on August 31, 2017

LoanScorecard, a provider of automated underwriting and compliance solutions, says new turnkey web features for its Portfolio Producer online product distribution system will enable wholesalers and investors to efficiently market to and interact with correspondent lenders and brokers. The web [Read More]

S&P CoreLogic Case-Shiller Index at All-Time High

Posted by Michael Bates on August 30, 2017

S&P Dow Jones Indices has released the latest results for the S&P CoreLogic Case-Shiller Indices, which shows that in June 2017, home prices continued their rise across the country. The index, which covers all nine U.S. census divisions, reported a [Read More]

Clayton Debuts Private-Label Securitization Readiness Offering

Posted by Michael Bates on August 30, 2017

Clayton Holdings LLC, a provider of loan due diligence, surveillance, REO management, consulting, valuation, title and settlement services, says it is now offering a comprehensive securitization readiness solution for non-agency assets. The end-to-end offering includes advisory and preparedness support for [Read More]

MortgageHippo Taps Optimal Blue’s API to Enhance Originations

Posted by Michael Bates on August 30, 2017

MortgageHippo has partnered with Optimal Blue to help clients deliver a transparent borrower experience with accurate loan programs and rates in real time using the Optimal Blue API. This enterprise integration allows MortgageHippo clients to customize their own pricing configurations [Read More]

Is the Adjustable-Rate Mortgage Making a Comeback?

Posted by Archana Pradhan on August 28, 2017

During the past decade, home buyers have mostly preferred fixed-rate mortgages (FRMs) over adjustable-rate mortgages (ARMs). Proof of this is the precipitous drop in the ARM share of the dollar volume of originations, from almost 45% during mid-2005 to a [Read More]

Jet Direct Funding Debuts Wholesale Mortgage Lending Business

Posted by Michael Bates on August 28, 2017

Mortgage lender Jet Direct Funding says that following a recent pilot testing period, it is launching a wholesale lending channel and accepting broker applications for the program. “Launching a wholesale channel is a natural progression for us, and really plays [Read More]

VirPack Bringing Streamlined Document Delivery Process to Radian

Posted by Michael Bates on August 28, 2017

Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc., has completed integration with the VirPack Document Management and Delivery System (DMDS) for document delivery, which will offer Radian’s customers electronic interaction to securely share loan documents. VirPack [Read More]