Lending standards tightened in July with the mortgage credit availability index (MCAI) dropping 9%, the largest monthly drop since April 2020, according to the Mortgage Bankers Association (MBA). The MCAI fell to 108.8 in July as lenders streamlined their loan offerings in a shrinking mortgage origination environment, said Joel Kan,
Vesta Loan Origination System Vesta is the next generation loan origination system (LOS) specifically built to help lenders transform to technology companies. Vesta is building a fault-tolerant & fully audited system of record centered around a customizable task engine that enables business teams to update and automate processes without code,
CARE CARE is Sagent’s consumer platform that links a modern, bank-on-your-phone experience for borrowers with seamless human care from servicers. Borrowers can manage payments and escrows, plus monitor home equity, new offers, and tax matters. They can also quickly apply for and resolve forbearances and loan mods during hardships. Product
Qualia Connect Qualia Connect enables lenders to standardize the way you work with title and settlement companies. Automate your operations with any title company in order to deliver secure, on-time, and error-free closings. Product Fast Facts #1 Automated Order Placement & Information Exchange: Automatically place orders and trigger information requests
CoreLogic Title & Closing Solution The CoreLogic Title & Closing Solution syncs your order management, secures all vendor communications and document transfers, and ultimately improves your borrower’s experience. It supports retail origination – both purchase and refinance, home equity, default servicing, and wholesale lending channels. Simply stated, the CoreLogic Title
AIQ™ by ICE Mortgage Technology™ AIQ™ by ICE Mortgage Technology™, is an omnichannel solution that leverages artificial intelligence that enables lenders, investors, and servicers to automate manual workflows and increase productivity and quality, while reducing risk and boosting ROI. Product Fast Facts #1 Lenders — Boost productivity by 30% and
United Wholesale Mortgage (UWM), the nation’s largest wholesale lender, posted a drop in origination volume and profits in the second quarter compared to the first three months of 2022. That’s despite maintaining its gain-on-sale margins and leaning on its mortgage servicing business. But the Pontiac, Michigan-based lender improved its performance compared
Not many would count the title industry among the economy’s technology leaders. Candidly, there’s good reason for that. For decades, settlement services firms staked their reputations on personalized customer service and regional or local expertise, rather than cutting-edge technologies. More than a few observers have referred to us as a
The latest non-QM player to feel the pain of the interest rate volatility afflicting the nation’s housing market this year is a Pasadena, California-based real estate investment trust called Western Asset Mortgage Capital Corp. The REIT, which is managed by investment advisor Western Asset Management Co. LLC, recently announced that it is
Locking in home sellers and homebuyers in this market requires a lot more strategic planning and intentionality given how rapidly the market is shifting. To help you feel as equipped and informed as possible for today’s fast-changing market, we’re excited to hold the “Reaching homebuyers in a purchase market” panel
Non-QM lenders have been going through a turbulent time in the past few months. HousingWire recently spoke with John Jeanmonod, Regional Vice President of Sales at Angel Oak, about non-QM lending and the outlook for the second half of 2022. HousingWire: Given the recent news about a few non-QM lenders
Mortgage rates trended down in July from their peak above 6% in June, but that wasn’t enough to spur mortgage lending activity. Rate lock volume in July fell 14.4% from June, marking four straight months of decline, according to Black Knight‘s originations market monitor report. The decline was led by
Meridian Listing Agent Kevin Harper Says Idaho Real Estate Market Stronger Than Many Expected
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Zillow News Truth Delta: Opinion & Editorial