PERSON OF THE WEEK: Shannon Buckner-Santos is vice president of national accounts at Informative Research, a mortgage technology and data solutions provider. Specializing in risk management and quality control data-driven solutions, Informative Research provides credit and property valuation products, an [Read More]
Does Freddie want to see borrowers have more “skin in the game”?
Fiserv Inc., a global provider of financial services technology solutions, says it has acquired the assets of PCLender LLC, an internet-based mortgage software and mortgage lending technology solutions company. According to Fiserv, this acquisition will enhance its suite of mortgage [Read More]
PERSON OF THE WEEK: The debate rages on: Is there really an “appraiser shortage” as some claim? And will technology and automation one day replace human appraisers? Jeff Sandman, co-founder of national appraisal management company Pendo Management Group, based in [Read More]
Mortgage industry veteran Patrick Mullen recently joined Embrace Home Loans as director of recruiting. Mullen has more than 20 years of experience in executive search and corporate talent acquisition. He has a strong background working with both national and local [Read More]
Mortgage rates dipped slightly this past week, with the average rate for a 30-year fixed-rate mortgage (FRM) falling to 3.92%, down from 3.96%, according to Freddie Mac’s Primary Mortgage Market Survey. The 10-year Treasury yield rose five basis points, according [Read More]
Dallas Davidson has joined Bestborn Business Solutions, developer of the mortgage accounting platform Loan Vision, as a consultant. Davidson has prior experience with Microsoft Dynamics solutions that she gained in her former position with a respected accounting and consulting firm [Read More]
Holly Baya and Anthony Di Staulo have joined DIMONT, a provider of insurance claims adjusting and collateral loss mitigation services to the mortgage industry, as directors of client development. In addition, Dwight Kline has been promoted to director of client [Read More]
The Mortgage Partnership Finance program, originally formed as a business line of the Federal Home Loan Bank of Chicago, has increased dramatically in the post-recession era.
Balance sheet normalization will likely commence before year’s end, ‘provided that the economy evolves broadly as anticipated.’
New home sales were at a seasonally adjusted annual rate of about 610,000 in June, an increase of 0.8% compared with a revised rate of about 605,000 in May and an increase of 9.1% compared with about 559,000 in June [Read More]
Retail lender Castle & Cooke Mortgage reports that it has added 14 new branches across the U.S. so far in 2017, representing a 33% growth rate compared with the end of 2016. The company has not only exceeded its original [Read More]
Mortgage application volume increased 0.4% on an adjusted basis during the week ended July 21, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. Applications for refinances increased 3%, as rates dipped slightly, while applications for purchases decreased [Read More]
Guild Mortgage reports that it originated $7.3 billion in mortgage loans – about $5.9 billion of which was purchase loans – during the first half of this year, setting a new record for the lender. That’s up 7.1% when compared [Read More]
LenderHomePage.com, a provider of a secure and compliant cloud-based digital mortgage platform, has partnered with LendingQB to integrate its digital point-of-sale solution into LendingQB’s loan origination system (LOS). The integration provides LenderHomePage.com clients with the ability to extend their LOS [Read More]
PERSON OF THE WEEK: Brian K. Fitzpatrick is president and CEO of LoanLogics Inc., which focuses on loan quality management and performance analytics technologies for the mortgage industry. We recently checked in with him to get a sense of how [Read More]
Removing tax liens and civil judgments from credit data will open more credit opportunities for consumers; however, for lenders and servicers, it could mean increased risk.
The last time the Financial CHOICE Act was up before Congress, the bill went nowhere.
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., 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]