Tag: mortgage

BUFFALO, N.Y. /New York Netwire - 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 first quarter (Q1) of 2025.

SAN DIEGO, Calif. /New York Netwire - National News/ -- Navigating a prolonged era of complexity marked by compressed margins, fierce recruiting wars, regulatory uncertainty, and rapid technological transformation, mortgage lenders find guidance and support in collaboration, according to The Mortgage Collaborative (TMC), an industry-leading organization for mortgage lenders of every variety.

PLANO, Texas /New York Netwire - National News/ -- Optimal Blue today announced the general availability of Originator Assistant, a powerful addition to the Optimal Blue PPE. Leveraging generative AI, Originator Assistant eliminates human bias in the loan structuring process and helps originators identify all options for a borrower, providing more ways to help consumers realize the American dream of homeownership.

IRVINE, Calif. /New York Netwire - National News/ -- Cloudvirga, a Stewart-owned provider of digital point-of-sale platforms for lenders, today announced the launch of Tropos, a next-generation borrower portal that will empower lenders to deliver personalized, intuitive digital experiences from initial application through clear-to-close. Designed with the flexibility to support a variety of consumer lending products, Tropos enhances Cloudvirga's POS ecosystem with a modular, customer-first solution that helps lenders drive engagement, reduce time to close and establish lasting borrower relationships.

ATLANTA, Ga. /New York Netwire - National News/ -- Down Payment Resource (DPR), the housing industry's leading provider of technology that connects homebuyers with homebuyer assistance programs, today announced that Envoy Mortgage (Envoy) will implement DPR's suite of software tools across its national footprint. The move follows a successful pilot and reflects Envoy's commitment to expanding down payment assistance (DPA) offerings while maintaining operational efficiency and reducing repurchase risk.

DES MOINES, Iowa /New York Netwire - National News/ -- iEmergent, a forecasting and advisory services firm for the financial services, mortgage and real estate industries, has released its analysis of 2024 Home Mortgage Disclosure Act (HMDA) data in Mortgage MarketSmart. The insights, shared by iEmergent CEO Laird Nossuli, highlight a modest market recovery from 2023 alongside deepening disparities in borrower outcomes and a reshuffling of lender dynamics.

BUFFALO, N.Y. /New York Netwire - 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 that Victorian Finance, an independent mortgage lending company, has implemented LiteSpeed™ to replace its legacy point-of-sale (POS) system. Victorian Finance will use LiteSpeed to provide borrowers with an automated, digital-first mortgage experience.

CLEVELAND, Ohio /New York Netwire - National News/ -- Top mortgage industry webcast The Big Picture, broadcast live every Thursday at 3 p.m. ET, announced a powerful guest lineup for May featuring five leaders shaping the future of housing, lending and financial regulation. The webcast is co-hosted by mortgage business consultant and executive coach Rich Swerbinsky and capital markets expert Rob Chrisman, author of the widely read Chrisman Commentary newsletter.

JACKSONVILLE, Fla. /New York Netwire - National News/ -- Dark Matter Technologies (Dark Matter®), an innovative leader in mortgage technology, today unveiled a new Developer Portal during its second annual Horizon user conference. The Developer Portal marks a significant evolution for the Empower® loan origination system (LOS), moving from API access to a fully open API ecosystem.

ATLANTA, Ga. /New York Netwire - National News/ -- Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q1 2025 Homeownership Program Index (HPI) report. The report saw the number of entities offering homebuyer assistance programs increase by 55 year-over-year (YoY). The number of programs increased by 43 during the first quarter, bringing the total number of available programs to 2,509.

TROY, Mich. /New York Netwire - National News/ -- Class Valuation, a leading real estate appraisal management company (AMC), announced today the expansion of its national sales team with the appointments of Jim Bannister and Scott Shaw as senior sales executives. Together, they bring over 45 years of combined experience in mortgage lending, financial services and technology to the company's expanding leadership.

CLEVELAND, Ohio /New York Netwire - National News/ -- Top mortgage industry webcast The Big Picture, broadcast live every Thursday at 3 p.m. ET, this week features iEmergent CEO Laird Nossuli and COO Bernard Nossuli. The husband-and-wife leadership team will join co-hosts Rich Swerbinsky, mortgage business consultant and executive coach, and Rob Chrisman, editor-in-chief of the widely followed Chrisman Commentary newsletter, to explore the critical role of special purpose credit programs (SPCPs) in expanding credit access and building sustainable business growth.

SEATTLE, Wash. /New York Netwire - National News/ -- Friday Harbor, an AI-powered platform that helps loan officers assemble complete and compliant loan files in real time, today announced the completion of a $6 million seed round. The round was led by Abstract Ventures, a San Francisco-based venture firm with $1.5 billion in assets under management and a track record of backing breakout companies including Rippling, xAI, Hebbia, Brigit and Hippo (NYSE: HIPO) and Mischief, an early-stage VC fund co-founded by Plaid CEO Zach Perret.

TROY, Mich. /New York Netwire - National News/ -- Class Valuation, a leading real estate appraisal management company (AMC), announced today that Chris Flynn has joined its leadership team as chief data officer effective April 1. In his new role, Flynn will lead Class Valuation's enterprise data strategy, overseeing the development of scalable analytics, AI capabilities and automation to improve valuation accuracy, speed and transparency.

BUFFALO, N.Y. /New York Netwire - 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 Tidewater Mortgage Services (Tidewater), a retail mortgage lending company, has replaced its legacy point-of-sale (POS) technology with LiteSpeed, thus expanding its partnership with the company. In addition to Fee Chaser™, Tidewater will now use LiteSpeed as the point-of-sale to automate mortgage processes and provide borrowers with a digital-first experience.

CLEVELAND, Ohio /New York Netwire - National News/ -- Top mortgage industry webcast The Big Picture, broadcast live every Thursday at 3 p.m. ET, this week features Kelley Hailstone, president of Jet Home Loans. Hailstone will join co-hosts Rich Swerbinsky, mortgage business consultant and executive coach, and Rob Chrisman, editor-in-chief of the widely followed Chrisman Commentary newsletter, to discuss how homebuilder-aligned lending models can help lenders scale smartly, differentiate in today's market and better serve new homebuyers.

ADDISON, Texas /New York Netwire - National News/ -- Click n' Close (CNC), a multi-state mortgage lender, announced today that Kim Schenck has joined its Correspondent Lending Sales team as Correspondent Manager. In her new role, Schenck will lead the expansion of the company's proprietary down payment assistance (DPA) program, which plays a key role in helping more borrowers achieve homeownership.

TROY, Mich. /New York Netwire - National News/ -- Class Valuation, a leading national real estate appraisal management company (AMC), today announced the strategic acquisition of Appraisal Nation, a Cary, North Carolina-based AMC specializing in comprehensive valuation solutions for the private lending market.

PLANO, Texas /New York Netwire - National News/ -- Optimal Blue today released its March 2025 Market Advantage mortgage data report, showing a 24% surge in rate lock volume as early spring buyers returned to the market and homeowners jumped at the chance to refinance into lower rates. While still down 2% on a year-over-year (YoY) basis, purchase volumes were up 21% month-over-month (MoM). Rate-and-term and cash-out refinances jumped 52% and 20% MoM, respectively, together representing 25% of all lock activity.

CLEVELAND, Ohio /New York Netwire - National News/ -- Top mortgage industry webcast The Big Picture, broadcast live every Thursday at 3 p.m. ET, this week features Jodi Hall, president and CEO of The Mortgage Collaborative (TMC). Hall will join co-hosts Rich Swerbinsky, mortgage business consultant and executive coach, and Rob Chrisman, editor-in-chief of the widely followed Chrisman Commentary newsletter.