Residential Mortgage – Page 9

MBA: Mortgage Credit Availability Decreased In May

Posted by Patrick Barnard on June 08, 2017

Mortgage credit availability fell 1.1% in May compared with April to a score of 181.0 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI). A decrease in the MCAI indicates that lending standards are tightening, while increases are [Read More]

Appraisal MC Launches Priority Panels

Posted by Patrick Barnard on June 08, 2017

Appraisal management company (AMC) Appraisal MC recently launched Priority Panels, an appraisal service that allows mortgage lenders in key metropolitan areas to get appraisals in as little as two to five business days. The service is designed to help mortgage [Read More]

Land Home Rolls Out New Down Payment Assistance Program

Posted by Patrick Barnard on June 07, 2017

Privately owned, nationwide, community-focused mortgage lender Land Home Financial Services Inc. (Land Home) recently introduced House2Home, an exclusive down payment assistance and educational program aimed at helping prospective first-time and repeat home buyers achieve the dream of homeownership. The timing [Read More]

USRES Hires Tiffany Malm-Ruiz To Oversee REO Division

Posted by Patrick Barnard on June 07, 2017

Tiffany Malm-Ruiz has joined USRES, a provider of real estate owned (REO) asset management, default management and valuation solutions to the mortgage industry, to help manage the firm’s REO division. Malm-Ruiz has extensive experience in default mortgage servicing and asset [Read More]

MBA: Mortgage Application Volume Jumped 7.1% During Memorial Day Week

Posted by Patrick Barnard on June 07, 2017

Mortgage application volume jumped 7.1% on an adjusted basis during the week ended June 2, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The volume estimate was adjusted to account for the Memorial Day holiday. Applications for [Read More]

CoreLogic To Purchase Appraisal Software Provider Mercury Network

Posted by Patrick Barnard on June 06, 2017

CoreLogic is acquiring valuation technology and appraisal management platform provider Mercury Network. The global property data and analytics firm reports that it has acquired a 45% passive minority stake in Mercury Network from Mercury’s parent company, Serent Capital, and that [Read More]

Kiel Mortgage Using ReverseVision To Originate HECMs

Posted by Patrick Barnard on June 06, 2017

Kiel Mortgage has chosen ReverseVision‘s RV Exchange (RVX) loan origination software (LOS) to power its home equity conversion mortgage (HECM) division. Founded three decades ago by a husband-and-wife team, Kiel Mortgage is a privately held mortgage lender serving three states [Read More]

Fulton Financial Corp. Upgrades To FirstClose’s Complete New Report System

Posted by Patrick Barnard on June 06, 2017

Fulton Financial Corp., a Lancaster, Penn.-based financial holding company that has 242 banking offices in Pennsylvania, Maryland, Delaware, New Jersey and Virginia through its subsidiary banks, is now using the new, complete FirstClose Report system, a refinance and home equity [Read More]

ClosingCorp Introduces Proprietary Rate Engine For Title Companies

Posted by Patrick Barnard on June 06, 2017

ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage industry, recently released SmartEngine, an advanced rate management solution that enables title organizations to collect and manage their specific rate and fee data. With this [Read More]

MBA: Cost To Originate A Mortgage Hit New Peak In Q1 At $8,887 Per Loan

Posted by Patrick Barnard on June 06, 2017

Mortgage lenders made a little less profit per loan during the first quarter, due mainly to higher operating expenses. According to the Mortgage Bankers Association’s (MBA) quarterly performance report, lenders saw a net gain of $224 on each loan they [Read More]

California Escrow Company, ValuEscrow, Acquired By ValuAmerica

Posted by Patrick Barnard on June 06, 2017

ValuAmerica, a wholly owned subsidiary of Clayton Holdings and national provider of appraisal, title, closing and settlement services, has acquired ValuEscrow Inc., an independent escrow company located in Santa Ana, Calif. Terms of the deal – which expands ValuAmerica’s closing [Read More]

CoreLogic: U.S. Home Prices Increased 1.6% In April

Posted by Patrick Barnard on June 06, 2017

Currently, CoreLogic is forecasting that home prices will increase 5.1% from April 2017 to April 2018.

Will Administration’s Policies Have A Positive Effect On The Mortgage Market?

Posted by Patrick Barnard on June 05, 2017

About 73% of mortgage lenders believe the new administration’s policies will have a positive impact on the lending environment, according to the Lenders One Mortgage Barometer, a monthly survey of 200 mortgage lending professionals. “Despite some industry concerns over rising [Read More]

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]