Tag: Mortgage News
LenderLogix Q4 2024 Homebuyer Intelligence Report Data Indicates Possible Improvement in Affordability | National News
BUFFALO, N.Y. /California Newswire - National News/ -- LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced the 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 in the fourth quarter (Q4) of 2024.
172 new homebuyer assistance programs and 75 new program providers emerged in 2024 to tackle homeownership affordability | National News
ATLANTA, Ga. /California Newswire - National News/ -- Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q4 2024 Homeownership Program Index (HPI) report. The report saw the number of homebuyer assistance programs increase by 172 and the number of entities offering them increase by 75 year-over-year (YoY), bringing the total number of available programs to 2,466.
Mortgage Capital Trading (MCT) Unveils MSRlive! 4.0 – Offering Ground-Breaking Enhancements to MSR Reporting and Transparency | National News
SAN DIEGO, Calif. /California Newswire - National News/ -- Mortgage Capital Trading (MCT), the de facto leader in innovative mortgage capital markets technology, today announced the release of MSRlive! 4.0, a groundbreaking enhancement to its mortgage servicing rights (MSR) valuation platform. The latest version offers mortgage servicers an unprecedented level of transparency and business intelligence, equipping portfolio managers with powerful new tools to assess and optimize their
MCT Report Shows 16% Decrease in Mortgage Lock Volume Amid Market Dynamics
SAN DIEGO, Calif. /California Newswire/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today a 16.7% decrease in mortgage lock volume compared to the previous month. Industry professionals and market enthusiasts are encouraged to download the complete report to gain comprehensive insights into the evolving market dynamics.
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.
CapitalW Collective Aligns with Polly to Support Women in Mortgage Capital Markets
SAN DIEGO, Calif. /California Newswire -- CapitalW Collective, a trailblazing non-profit dedicated to advancing women and their allies in mortgage capital markets, proudly announces Polly as its first product and pricing engine (PPE) Diamond-level corporate sponsor. This alliance underscores CapitalW Collective's mission "to create more inclusive and dynamic mortgage capital markets, one woman and ally at a time."
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.
MCT Reports 15% Decrease in Mortgage Lock Volume Amid Higher Rates in Nov.
SAN DIEGO, Calif. /CALIFORNIA NEWSWIRE/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, has announced a 15.12% decrease in mortgage lock volume compared to the previous month. The data, reflecting current market dynamics, is available in MCT's latest report, which offers in-depth analysis and insights for industry professionals and stakeholders.
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.
Secured Signing books 30% month-over-month growth in demand for its Remote Online Notarizations Platform
MOUNTAIN VIEW, Calif. /CALIFORNIA NEWSWIRE/ -- Secured Signing, a leading provider of digital signing and Remote Online Notarization (RON) solutions, is excited to unveil a series of powerful enhancements to its platform. These updates solidify its leadership in the digital notarization industry by optimizing workflow efficiency, increasing transparency, and enhancing user control.
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.
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.
MCT Announces 2.5% Increase in Mortgage Lock Volume Despite October 2024 Market Volatility
SAN DIEGO, Calif. /California Newswire/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, reported a 2.5% increase in mortgage lock volume compared to the previous month. Mortgage market professionals and industry enthusiasts are invited to download MCT's comprehensive report to gain deeper insights into the current market dynamics.
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.
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.
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.
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.
National News: FormFree announces enhancements to customer acquisition marketplace, FormFree Exchange
California Newswire: -- FormFree®, a leader in financial technology since 2007, today announced several enhancements to its customer acquisition marketplace, FormFree Exchange (FFX). Topping the list of enhancements is the auto-matching capability, connecting borrowers and lenders in seconds.
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.
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.
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.
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.
