Archive for loan origination

Shannon Buckner-Santos: Tips for Preserving Resources at Loan Origination

Posted by Michael Bates on August 17, 2017

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]

Lenders React to Freddie Mac Policy Change Affecting 1% Down Programs

Written by Patrick Barnard on August 16, 2017

Does Freddie want to see borrowers have more “skin in the game”?

Fiserv Acquires PCLender Assets For Enhanced Mortgage Origination Services

Posted by Lauren Tyler on August 01, 2017

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]

Jeff Sandman: Appraiser Attrition Problem Will Take ‘Concerted Effort’

Written by Patrick Barnard on July 31, 2017

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]

Embrace Home Loans Taps Patrick Mullen To Head Up Recruiting

Posted by Patrick Barnard on July 28, 2017

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]

Freddie Mac: Average 30-Year Rate Fell Four Basis Points

Posted by Patrick Barnard on July 28, 2017

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]

Loan Vision Hires Dallas Davidson As Consultant

Posted by Patrick Barnard on July 27, 2017

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]

DIMONT Announces Two New Hires, Two Promotions, As It Focuses On Client Development

Posted by Patrick Barnard on July 27, 2017

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]

Steve Thomas: 20 Years Strong, MPF Program Continues to Build on Its Success

Written by Patrick Barnard on July 27, 2017

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.

Fed To Begin Quantitative Tightening ‘Relatively Soon’

Posted by Patrick Barnard on July 26, 2017

Balance sheet normalization will likely commence before year’s end, ‘provided that the economy evolves broadly as anticipated.’

New Home Sales Increased In June, But Lack Of Inventory Is Still A Concern

Posted by Patrick Barnard on July 26, 2017

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]

Castle & Cooke Mortgage Has Opened 14 New Branches So Far In 2017

Posted by Patrick Barnard on July 26, 2017

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]

MBA: Applications For Purchases Decreased 2%

Posted by Patrick Barnard on July 26, 2017

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 Record Volume For First Half

Posted by Patrick Barnard on July 25, 2017

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 Integrates POS Solution with LOS

Posted by Amanda Fava on July 14, 2017

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]

Brian Fitzpatrick: Contamination Is the Problem

Posted by Michael Bates on June 26, 2017

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]

Will Removing Tax Lien And Judgment Data From Credit Reports Increase Risk?

Written by Debbie K. Hoffman and Martin Arana on June 12, 2017

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.

Why Repealing Dodd-Frank Will Fail

Written by Peter G. Miller on June 08, 2017

The last time the Financial CHOICE Act was up before Congress, the bill went nowhere.

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]