Automation helps lenders respond to rising mortgage rates

Higher inflation, post-pandemic economic recovery and a reduction in Federal Reserve stimulus incentives are key economic factors expected to put upward pressure on interest rates as we move into 2022 — increasing the already stiff competition among mortgage lenders. Furthermore, a more competitive mortgage lending environment will only magnify the

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Anxiety grips LOs as layoffs sweep the industry

If you take the temperature of how loan officers are feeling ahead of the holiday season, the scale would likely read “uneasy.” They have good reason to feel anxious. Numerous shops, including Better.com, Interfirst Mortgage, and Freedom Mortgage have announced layoffs in the past few weeks, and some LOs worry

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Back to the Future of Mortgage

Hosted by Mortgage Cadence This webinar will be a discussion on understanding what’s to come over the next few years in mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.  In addition, insight on how mortgage tech investments will be

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There’s nothing frozen about Anchorage real estate

On Dec. 20, the sun set in Anchorage, Alaska at 3:41 p.m. local time, and the temperature sank to 10 degrees Fahrenheit.  But in a real estate economy that has made destination cities out of the likes of Boise, Idaho and Manchester, New Hampshire, perhaps it’s no surprise that there

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Forbearance rate dips to 1.67% in November

The share of mortgage loans in forbearance decreased by 39 basis points to 1.67% as of Nov. 30, according to the Mortgage Bankers Association (MBA), the latest sign that the sun is setting on loan forbearance agreements hammered out under the CARES Act. Under COVID-19 legislation signed by President Donald Trump

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DocMagic launches new closing solution

DocMagic announced on Monday the rollout of eDecision, a fully automated platform that it said will significantly expand the level of analysis applied to e-eligibility determination for eClosings. The automated loan document preparation and eMortgage services provider claims the new platform delivers a clear-cut, highly accurate decision telling users exactly

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Logan Mohtashami: The 2022 housing forecast

Most of the time, the economy is like a slow-moving ocean liner that changes direction gradually and without much effort. But when a new, powerful variable presents itself, like the worldwide COVID-19 pandemic, the economy can change on a dime. COVID was a veritable iceberg for our ocean liner economy,

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