Tag: DepthPR News
ACES Increases Financial Services QC Audit Volume by 15% in 2024, Expands New Client Acquisition by 66% | National News
DENVER, Colo. /California Newswire - National News/ -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, has sought to support its customers through turbulent market conditions by providing critical technology innovations to its quality control audit suite.
December Mortgage Lock Data Reveals Year-Over-Year Increases Across All Loan Types Despite Seasonal Downturn | National News
PLANO, Texas /California Newswire - National News/ -- Optimal Blue today released its December 2024 Market Advantage mortgage data report, showcasing year-over-year (YoY) growth in mortgage activity, even as seasonal trends led to a month-over-month (MoM) decline in rate lock volumes. Overall, December mortgage lock volume was up 26% YoY, driven by an 18% increase in purchase locks, a 43% rise in cash-out refinances, and an 82% jump in rate-and-term refinances.
Mortgage industry webcast The Big Picture spotlights Council of FHLBanks CEO Ryan Donovan as January 16 guest | National News
CLEVELAND, Ohio /California Newswire - National News/ -- Top mortgage industry webcast The Big Picture, hosted by Rich Swerbinsky and Rob Chrisman and broadcast live every Thursday at 3 p.m. ET, next week features Ryan Donovan, president and chief executive officer of the Council of Federal Home Loan Banks, a trade association representing the positions and views of the Federal Home Loan Bank System.
Mortgage Machine Services Fully Integrates AI-Powered Pricing Engine into Proprietary LOS | National News
ADDISON, Texas /California Newswire - National News/ -- Mortgage Machine Services (Mortgage Machine), an industry leader in digital origination technology to residential mortgage lenders, announced that it now offers an artificial intelligence (AI)-powered pricing engine. The pricing engine ingests and updates pricing for a lender's investors and aggregators automatically.
Mortgage industry podcast The Big Picture with Rich Swerbinsky and Rob Chrisman welcomes Floify President Sofia Rossato as January 9 guest...
CLEVELAND, Ohio /California Newswire - National News/ -- Top mortgage industry podcast The Big Picture, broadcast live every Thursday at 3 p.m. ET, this week features technology executive Sofia Rossato, president and general manager of Floify, a leading mortgage point-of-sale solution and subsidiary of Porch Group, Inc. A respected proptech and fintech executive with more than 20 years' experience growing companies in startup and large corporate environments, Rossato brings a market-tested perspective to the challenges and opportunities mortgage lenders contend with during the U.S. housing industry's fluctuations.
Dark Matter Technologies Taps Brad Vasto as Chief Revenue Officer | National News
JACKSONVILLE, Fla. /California Newswire - National News/ -- Dark Matter Technologies (Dark Matter®), an innovative leader in mortgage technology backed by time-tested loan origination software and leadership, today announced the appointment of Brad Vasto as Chief Revenue Officer (CRO). Vasto steps into the role as Sean Dugan, the outgoing CRO, prepares to assume the position of CEO in April 2025, succeeding current CEO Rich Gagliano.
Jason Mapes, Floify’s head of sales, named a PROGRESS in Lending Thought Leader | National News
BOULDER, Colo. /California Newswire - National News/ -- Floify, the mortgage industry's leading point-of-sale (POS) solution, today announced that its Head of Sales, Jason Mapes, has been named a 2024 Thought Leader by PROGRESS in Lending (PIL). Now in its fourth year, PIL's Thought Leader award recognizes industry thought leaders who are not afraid to "step forward and blaze a new trail."
Dovenmuehle Earns FHA Tier 1 Rating from HUD’s Tier Ranking System (TRS) II Scorecard | National News
LAKE ZURICH, Ill. /California Newswire - National News/ -- Dovenmuehle Mortgage, Inc., a leader in mortgage subservicing, announced today that it received a Tier 1 Rating from the U.S. Department of Housing and Urban Development (HUD). This rating was awarded for Dovenmuehle's Federal Housing Administration (FHA) servicing performance under HUD's Tier Ranking System II (TRS II).
Dark Matter Technologies’ Stephanie Durflinger and Bethany Williams-Woodward Win Prestigious Mortgage Industry Awards | National News
JACKSONVILLE, Fla. /California Newswire - National News/ -- Dark Matter Technologies (Dark Matter), an innovative leader in mortgage technology backed by time-tested loan origination software and leadership, today announced that Stephanie Durflinger, its chief product officer, has been named a HousingWire Tech Trendsetter, and Bethany Williams-Woodward, its data solutions product manager, has been named to National Mortgage Professional Magazine's 40 Under 40 list.
Click n’ Close welcomes Jeff Raich to its National Sales bench | National News
ADDISON, Texas /California Newswire - National News/ -- Click n' Close (CNC), a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, today announced Jeff Raich has joined the organization as a national sales director in correspondent lending.
Vice Capital Markets signs 50th Investor Partner to ViceEx mortgage whole loan trading platform | National News
NOVI, Mich. /California Newswire - National News/ -- Vice Capital Markets, a leading mortgage hedge advisory firm for independent lenders, banks and credit unions, announced today the addition of its 50th investor to its all-inclusive whole loan trading platform Vice Execution Portal™ (ViceEx™). This addition enhances the platform's ability to deliver unmatched market access and execution flexibility for clients selling mandatory, including all agency executions.
Mortgage Lock Activity Fell in November as Interest Rates Hit Their Highest Levels Since July | National News
PLANO, Texas /California Newswire - National News/ -- Optimal Blue today released its November 2024 Market Advantage mortgage data report, highlighting a 25% decrease in month-over-month (MoM) lock volume as interest rates hit their highest levels since early July, creating headwinds for affordability.
Optimal Blue Announces Tony Hawk, Housing Industry Leaders to Headline Inaugural User Conference | National News
PLANO, Texas /California Newswire - National News/ -- Optimal Blue today announced the speaker lineup for its inaugural user conference, the Optimal Blue Summit 2025. Legendary skateboarder and entrepreneur Tony Hawk will headline the event. The conference will also feature sessions led by Mortgage Bankers Association (MBA) Chief Economist and Senior Vice President of Research and Business Development Michael Fratantoni, Ph.D., MBA Associate Vice President of Secondary and Capital Markets Sasha Hewlett, AMP, HousingWire Editor in Chief Sarah Wheeler, and representatives from Microsoft.
Shore United Bank inks contract with Dark Matter Technologies for its mortgage business with the Empower LOS and AIVA AI virtual...
JACKSONVILLE, Fla. /California Newswire - National News/ -- Dark Matter Technologies (Dark Matter®), an innovative leader in mortgage technology backed by time-tested loan origination software and leadership, announced today that Shore United Bank (Shore United), a community bank founded in 1876, has selected the Empower® LOS and select AIVA® AI virtual assistants from Dark Matter to streamline its mortgage lending operations and offer additional support for integrations.
Mobility Market Intelligence Ranked Number 418 Fastest-Growing Company in North America on the 2024 Deloitte Technology Fast 500™ | National News
SALT LAKE CITY, Utah /California Newswire - National News/ -- Mobility Market Intelligence (MMI) today announced it ranked No. 418 on the Deloitte Technology Fast 500™, an annual ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 30th year. MMI grew 260 % from 2020 through 2023.
ACES Q2 2024 Mortgage QC Trends Report Reveals Second Consecutive Increase in Critical Defect Rate | National News
DENVER, Colo. /California Newswire - National News/ -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced the release of its quarterly ACES Mortgage QC Industry Trends Report covering the second quarter (Q2) of 2024. The latest report analyzes post-closing quality control data derived from ACES Quality Management & Control® software. ACES has altered the timing of this report to better reflect Fannie Mae's accelerated timeline for post-closing quality control reviews.
Strategic Benefits Advisors recognized among Atlanta’s top employee benefits and compensation companies for sixth year | National News
ATLANTA, Ga. /California Newswire - National News/ -- Strategic Benefits Advisors, Inc. (SBA) has been honored by the Atlanta Business Chronicle as one of Atlanta's top employee benefits and compensation companies of 2024. This is the sixth consecutive year SBA has made the Chronicle's annual list, which highlights metro Atlanta's largest employers of benefits consultants. The accolade underscores SBA's steady growth and success in delivering expert consulting and benefits delivery services to public and private-sector employers across North America.
Mortgage Machine awarded SOC 2 Compliance Status – AICPA-guided examination shows LOS operates as promised | National News
ADDISON, Texas /California Newswire - National News/ -- Mortgage Machine™ (MMS), the loan origination system of record for digital mortgage pioneer Click n' Close (formerly known as Mid America Mortgage), has achieved SOC 2® compliance.
ACES Quality Management now supplies audit technology to six of the top 20 largest U.S. credit unions | National News
DENVER, Colo. /California Newswire/ -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced the addition of 10 credit unions to its growing customer base. These organizations leverage ACES Quality Management & Control Software® to improve quality and mitigate risk across multiple internal areas, including mortgage lending, consumer lending, deposit accounts and more.
October Mortgage Lock Data Shows Resilience and Cracks in the Mortgage Market as Interest Rates Tick up 65 Basis Points |...
PLANO, Texas /California Newswire/ -- Optimal Blue today released its October 2024 Market Advantage mortgage data report, highlighting resilient purchase activity in the face of rising interest rates and affordability challenges. Despite a 65-basis-point (bps) increase in the Optimal Blue Mortgage Market Indices (OBMMI) 30-year conforming rate, purchase lock volume grew by 12% month over month (MoM), signaling strong demand among homebuyers.
Optimal Blue Promotes Industry Experts to New Executive Roles to Accelerate Innovation and Prioritize Partnerships | National News
PLANO, Texas /California Newswire/ -- Optimal Blue today announced two key executive promotions that will position the company to deliver innovation faster across the company's entire capital markets platform, and to further expand the company's network of partners. Erin Wester has been promoted to chief product officer and Mike Vough has been promoted to head of corporate strategy.
Down Payment Resource highlights 49 homebuyer assistance programs offering up to $117,000 in funds for Veterans and service members | National...
ATLANTA, Ga. /California Newswire/ -- Down Payment Resource (DPR), the housing industry's leading technology for connecting homebuyers with homebuyer assistance programs, is highlighting homebuyer assistance programs to support Veterans, service members and their surviving spouses in conjunction with Veterans Day and Military Family Appreciation Month, both observed in November. While service members are eligible for any of the 2,400-plus U.S. homebuyer assistance programs, DPR found there are 49 programs offering up to $117,000 in assistance specifically developed to help our military community members build, buy or make accessibility-related home renovations.
Dark Matter Technologies announces planned CEO transition effective April 2025 | National News
JACKSONVILLE, Fla. /California Newswire/ -- Dark Matter Technologies (Dark Matter), an innovative leader in mortgage technology, today announced that Sean Dugan, the company's chief revenue officer, will succeed Rich Gagliano as CEO effective April 2025. Gagliano, who launched Dark Matter in 2023 following over a decade of leadership at its predecessor, Black Knight Origination Technologies, will step into the role of executive chairman.
Informative Research’s Ajay Trilokeshwaran Named 2024 Tech Trendsetter | National News
IRVINE, Calif. /California Newswire/ -- Informative Research, a leading technology platform that delivers data-driven solutions to the lending community, announced today that Ajay Trilokeshwaran, Head of Keystone Platform, has been selected by HousingWire magazine as a 2024 Tech Trendsetter.
LenderLogix Co-Founder and Chief Technology Officer Scott Falbo named HousingWire Tech Trendsetter for Second Consecutive Year | National News
BUFFALO, N.Y. /California Newswire/ -- LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks and brokers, today announced Co-founder and Chief Technology Officer Scott Falbo has been selected by HousingWire as a 2024 Tech Trendsetter Award winner. In its sixth year, HousingWire's Tech Trendsetters award recognizes the most impactful and innovative technology leaders serving the housing economy.
Sydney Barber, Floify’s head of product, named a HousingWire 2024 Tech Trendsetter | National News
BOULDER, Colo. /California Newswire/ -- Floify, the mortgage industry's leading point-of-sale (POS) solution, today announced that its Head of Product, Sydney Barber, has been named a 2024 Tech Trendsetter by HousingWire. The HW Tech Trendsetters awards program seeks to recognize the people who drive innovation in the mortgage and real estate industries.
National News: Lender demand for Argyle’s VOIE platform fuels record growth for its mortgage division
NEW YORK CITY, N.Y. /California Newswire/ -- Argyle, a service provider automating income and employment verifications for some of the largest mortgage lenders in the United States, has eclipsed its full-year 2023 growth through just the first nine months of 2024. The company has added 58 new independent mortgage bank, credit union and bank customers since the beginning of the year, bringing its total number of mortgage customers well north of 100, including 7 of the nation's top 15 retail lenders.
National News: Optimal Blue Announces Three Major Product Releases, Continuing Streak of Aggressive Product Innovation and No-Cost Feature Additions
PLANO, Texas /California Newswire/ -- Optimal Blue today announced three major product releases: the expansion of its AI assistant suite, the introduction of Scenario Optimizer, and the free availability of Investor Pricing Insight to investor clients. These product updates build on the company's commitment to rapidly delivering high-impact solutions that tackle real-world challenges while helping clients maximize profitability.
ACES Quality Management EVP of Compliance Amanda Phillips Selected as a 2024 Insider by HousingWire Magazine | National News
DENVER, Colo., Aug. 5, 2024 (SEND2PRESS NEWSWIRE) -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, has announced its Executive Vice President (EVP) of Compliance Amanda Phillips has been named a 2024 Insider in HousingWire Magazine's annual award program.
Informative Research’s Penny Gonzalez Named a 2024 HousingWire Insider
IRVINE, Calif. /California Newswire/ -- Informative Research, a leading technology platform that delivers data-driven solutions to the lending community, announced today that Penny Gonzalez, Vice President of Business Process, has been selected by HousingWire magazine for its annual Insiders awards program.
Dovenmuehle’s Patricia McCarthy named a 2024 Insider in HousingWire Magazine’s annual award program | National News
LAKE ZURICH, Ill., Aug. 1, 2024 (SEND2PRESS NEWSWIRE) -- Dovenmuehle Mortgage, Inc. (Dovenmuehle), a leading mortgage subservicing company, announced today that Vice President of the Escrow Department Patricia McCarthy was selected by HousingWire magazine for its annual Insiders awards program.
Dark Matter Technologies’ Product Evangelist Craig Rebmann honored with 2024 HW Insiders Award | National News
JACKSONVILLE, Fla., Aug. 1, 2024 (SEND2PRESS NEWSWIRE) -- Dark Matter Technologies (Dark Matter), an innovative leader in mortgage technology backed by time-tested loan origination software and leadership, today announced that Craig Rebmann, its product evangelist, has been named a 2024 HW Insider. Now in its ninth year, the HW Insiders program recognizes talented operations professionals laying the foundation of success for their organizations.
Argyle’s Rowdy Harris honored as HousingWire Insider | National News
NEW YORK CITY, N.Y., Aug. 1, 2024 (SEND2PRESS NEWSWIRE) -- Argyle, a platform providing automated income and employment verifications for some of the largest lenders in the United States, today announced its principal mortgage customer success manager Rowdy Harris has been honored as a 2024 HousingWire Insider. Now in its ninth year, the Insiders Award recognizes operational all-stars working behind the scenes in companies across the housing industry to drive innovation and underpin business growth.
LenderLogix Integrates Income, Employment Verification Services from Truv into LiteSpeed Mortgage Point-of-Sale | National News
BUFFALO, N.Y., Aug. 1, 2024 (SEND2PRESS NEWSWIRE) -- LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced its integration with automated employment and income technology provider Truv. Through the integration, lenders can now access Truv's consumer-permissioned data platform through LenderLogix's point-of-sale (POS) LiteSpeed to obtain direct-to-source income and employment verification for mortgage applicants.
ACES Quality Management Enhances ACES Deposit Account Audit Pack for Banks and Credit Unions | National News
DENVER, Colo., July 31, 2024 (SEND2PRESS NEWSWIRE) -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced the release of its Deposit Accounts Audit Pack. The pre-configured audit pack is designed to assist financial institutions with meeting the deposit account monitoring requirements from the Federal Deposit Insurance Corporation (FDIC) and other prudential regulators.
Mortgage industry veteran Brad Cardwell joins Down Payment Resource as vice president of sales and business development | National News
ATLANTA, Ga., July 31, 2024 (SEND2PRESS NEWSWIRE) -- Down Payment Resource (DPR), the housing industry's leading technology for connecting homebuyers with homebuyer assistance programs, today announced 20-year mortgage industry veteran Brad Cardwell has joined DPR as its vice president of sales and business development.
Informative Research’s Kelly Richards Receives 2024 MPA Elite Women Award
IRVINE, Calif. /California Newswire/ -- Informative Research, a leading technology platform that delivers data-driven solutions to the lending community, announced today that Kelly Richards, Head of Sales Support, has been named a winner of the MPA Elite Women 2024 by Mortgage Professional America (MPA). This award recognizes exceptional female leaders who have significantly contributed to the mortgage industry.
Informative Research Enhances Verification Platform through Expanded Integration with The Work Number from Equifax
GARDEN GROVE, Calif. /California Newswire/ -- Informative Research, a leading technology platform delivering data-driven solutions to the lending community, today announced the expansion of its verification platform through the integration of additional Equifax solutions that leverage The Work Number®, the industry-leading commercial source of consolidated income and employment information.
MMI Taps Dan Jones as Chief Data Officer as It Expands Data Initiatives and Features | National News
SALT LAKE CITY, Utah, July 23, 2024 (SEND2PRESS NEWSWIRE) -- Mobility Market Intelligence (MMI), a leader in data intelligence and market insight tools for the mortgage and real estate industries, announced today that Dan Jones, a seasoned data and artificial intelligence (AI) strategist, has joined the company as chief data officer.
Informative Research EVP Shannon Santos Wins Mortgage Stars Award
IRVINE, Calif. /California Newswire/ -- Informative Research, a leading technology platform that delivers data-driven solutions to the lending community, announced today that Shannon Santos, Executive Vice President of Data Solutions, has been selected for the Mortgage Stars Award by Mortgage Women Magazine. This award recognizes exceptional women leaders making significant contributions to the mortgage industry.
Federal funds fuel quarterly growth in U.S. down payment assistance programs, which now number 2,415 | National News
ATLANTA, Ga., July 23, 2024 (SEND2PRESS NEWSWIRE) -- Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q2 2024 Homeownership Program Index (HPI) report. The Q2 report saw the national homebuyer assistance programs increase by 42 to 2,415 - the highest count on record. Much of this quarter's increase in program count was due to local agencies pulling more heavily from federal funding to support homebuyer assistance.
Optimal Blue Launches New Generative AI Assistant Capabilities | National News
PLANO, Texas, July 23, 2024 (SEND2PRESS NEWSWIRE) -- Optimal Blue today announced the delivery of generative AI capabilities centered on helping lenders maximize profitability on every loan transaction. Through direct engagement with its thousands of clients, the company has begun delivering generative AI capabilities built for secondary-market-specific use cases and purposefully designed to solve the real-world challenges that mortgage lenders face.
LenderLogix Q2 2024 Homebuyer Intelligence Report Data Shows Home Buying Activity and Fees Collected by Fee Chaser Remain Steady Thus Far...
BUFFALO, N.Y., July 16, 2024 (SEND2PRESS NEWSWIRE) -- LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced the latest release of the Homebuyer Intelligence Report, a quarterly summary of insights into borrower behavior during the home buying process based on data collected by the LenderLogix suite of tools. The latest report covers data collected during the pre-approval and borrower application process during the second quarter (Q2) of 2024.
Click n’ Close Chief Operations Officer Kara Lamphere Selected in Mortgage Women Magazine’s Annual Mortgage Star Award Program | National News
ADDISON, Texas, July 11, 2024 (SEND2PRESS NEWSWIRE) -- Click n' Close, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, today announced Kara Lamphere has been named a Mortgage Star in Mortgage Women Magazine's annual awards program.
MMI’s VP of Strategic Partnerships Heidi Iverson Named a Mortgage Star in Mortgage Women Magazine’s Annual Award Program | National News
SALT LAKE CITY, Utah, July 11, 2024 (SEND2PRESS NEWSWIRE) -- Mobility Market Intelligence (MMI), a leader in data intelligence and market insight tools for the mortgage and real estate industries, today announced Heidi Iverson, vice president of strategic partnerships, has been named a Mortgage Star by Mortgage Women Magazine.
Falling Home Prices and Purchase Mortgage Locks Reveal a Stagnant Late-Spring Housing Market | National News
PLANO, Texas, July 10, 2024 (SEND2PRESS NEWSWIRE) -- Optimal Blue today released its June 2024 Market Advantage mortgage data report, which revealed a stagnant late-spring housing market as home prices dropped for the first time in 2024 and purchase lock counts fell 8% over the previous year. All mortgage lock figures in this news release have been controlled for fewer market days in June.
Informative Research Adds Process Transformation Expert, Brandon Hall as New EVP of Operations
GARDEN GROVE, Calif. /California Newswire/ -- Informative Research, a leading technology platform that delivers data-driven solutions to the lending community, has named Brandon Hall as its new executive vice president (EVP) of operations. Hall brings over 20 years of experience driving operational excellence within the financial services sector and is known for implementing innovative process improvements, fostering cross-functional collaboration and leading through change.
Dovenmuehle’s Bernadette McDonnell named 2024 Mortgage Star Award Winner by Mortgage Women Magazine | National News
LAKE ZURICH, Ill., July 9, 2024 (SEND2PRESS NEWSWIRE) -- Dovenmuehle Mortgage, Inc. (Dovenmuehle), a leading mortgage subservicing company, announced today that Vice President Bernadette McDonnell has been selected by Mortgage Women Magazine for its 2024 Mortgage Star Award. McDonnell was chosen for her significant contributions to the industry and dedication to Dovenmuehle over the past four decades.
Vice Capital Markets Launches Integration with Fannie Mae Mission Score API | National News
NOVI, Mich., July 9, 2024 (SEND2PRESS NEWSWIRE) -- Vice Capital Markets, a leading mortgage hedge advisory firm for independent lenders, banks and credit unions, announced today it has integrated the Fannie Mae® Mission Score application programming interface (API) into its trading portal, allowing current clients to take advantage of pricing and best execution decisions to improve gain-on-sale.
Eighteen homebuyer assistance programs offering up to $117,000 are available to help people with disabilities and family caregivers purchase or modify...
ATLANTA, Ga., July 9, 2024 (SEND2PRESS NEWSWIRE) -- In celebration of Disability Pride Month in July, Down Payment Resource (DPR) is highlighting 18 U.S. homebuyer assistance programs that are specifically designed to support people with disabilities and their family caregivers on their journey toward homeownership. While people with disabilities may be eligible for any of the 2,300-plus U.S. homebuyer assistance programs in DPR's database, 18 are specifically developed to promote accessibility and inclusivity for aspiring homeowners with disabilities.
