Mortgage tech firm Blend launched a software solution for home equity products amid a mad dash from lenders into the space. Instant Home Equity, an automated end-to-end digital home equity product for lenders, integrates income, identity verification, title, decision and property appraisal to save time and costs, Blend said in
Real estate and mortgage professionals are lamenting the slowdown in the housing market caused largely by inflation and economic uncertainty. But there is one benefit – some buyers are catching a (relative) break. The national median monthly payment applied for by mortgage applicants dropped $49 to $1,844 in July, marking improved
South Carolina-based Movement Mortgage has acquired the brokerage Superior Rate Mortgage of New England to expand operations in the region, the company announced Wednesday. The terms of the deal were not disclosed. The acquisition is another step to boost its sales amid shrinking loan origination volumes. The company announced new hires in the sales executive team in
Closing software provider Qualia has launched Qualia Application Programing Interface (API), according to an announcement on Wednesday. Qualia says its API provides real estate businesses and PropTech companies the ability to automatically connect internal software tools, integrate with their commercial partners, and analyze their comprehensive performance data. Through the API,
Volatile mortgage rates jumped back to the mid-5% level this week, slowing down the housing market, according to the latest survey from Freddie Mac. The 30-year fixed-rate mortgage increased 42 basis points this week to an average of 5.55%, up from last week’s 5.13%. A year ago this time, rates averaged
Did you just begin your career as a mortgage loan officer and need the answers to questions you didn’t even know you had? HW Annual is the place for you. Happening Oct. 3-5, HW Annual is the epicenter of all things housing, and it is taking place in Scottsdale, AZ.
How will President Biden’s executive action to erase $10,000 in federal student loan debt affect homeownership? While industry watchers don’t expect the debt forgiveness to move the needle in a significant way, it could have a net positive impact on homeownership long term. About 45% of borrowers, or almost 20
It has been a nonstop year for the housing industry. From sky-high home prices to fluctuating mortgage rates and staffing changes, it is no wonder that Realtors, loan officers and other industry professionals are feeling burnt out. Not to worry, there are panels at HW Annual to re-ignite your passion
For the past two years appraisal gap clauses have been de rigueur in many markets, much to the disdain of frustrated homebuyers. Mortgage startup Tomo feels, however, that it has a solution. On Wednesday, the firm launched Tomo Appraisal Coverage. Tomo says its appraisal coverage product protects home buyers from
Title and closing software provider SoftPro has released a new integration with Doma Title Insurance, Inc., the firm announced Wednesday. Through the integration, Doma agents who are customers of SoftPro can now issue closing protection letters, as well as commitment and policy jackets within their title insurance software. SoftPro says
Top wholesale lender United Wholesale Mortgage (UWM) is the latest originator to join the resurgent home-equity lines of credit (HELOC) market. The Pontiac, Michigan-based lender has started to offer standalone and piggyback options, as fast-rising home values allow homeowners to tap the equity in their houses to pay debts, expenses
Homepoint has launched a new program to reduce rates for borrowers with lower income, the wholesale lender announced Wednesday. The initiative comes after the company reported a loss in the second quarter of 2022 amid a price war, mainly from its wholesale-only rival United Wholesale Mortgage (UWM). Homepoint is offering a 75 basis
Meridian Listing Agent Kevin Harper Says Idaho Real Estate Market Stronger Than Many Expected
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Zillow News Truth Delta: Opinion & Editorial