Mortgage Tech Rundown: Nexsys, Origence, and Keller Williams

Nexsys Technologies, a provider of technology solutions for mortgage origination and closing, announced the launch of a new solution that digitizes communication between mortgage lenders and homeowners insurance companies. The solution, Clear HOI, enables insurers to instantly verify coverage, resulting in dramatically improved closing times and reduced processing costs. According to the

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Survey: More multifamily housing needs smart technology

A new survey from Xfinity Communities says that integration of smart technology into multifamily housing is quickly becoming a necessity. With this integration, there is potential to be environmentally responsible and can improve profitability, the report says. The report surveyed 200 property managers, developers and owners in the multifamily industry about

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CFPB to consider changing or eliminating TRID rule

The Consumer Financial Protection Bureau has been taking a long, hard look at some of the rules and regulations it has in place. And next up on its list to review is the TILA-RESPA Integrated Disclosure rule, or TRID, and it looks like eliminating the rule entirely is not off

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Here comes Truist: BB&T, SunTrust merger approved

BB&T Corp. and SunTrust Banks just got the approval they need in order to merge into Truist Bank and form the sixth largest bank in the U.S. Earlier this month, the Department of Justice signed off on the $66 billion merger, but ordered the banks to divest 28 branches to

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MBA: Mortgage applications fall as refinance activity cools

Last week, Treasury yields experienced volatility, resulting in mortgage rates sliding below 4%. Despite the decline, the Mortgage Bankers Association indicates mortgage applications fell by 2.2%. This means on an unadjusted basis, the index dropped 2.2% for the week ending on Nov. 15, 2019. “U.S. and China trade anxieties and protests in

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Guild Mortgage promotes 3 employees to top positions

Guild Mortgage, an independent mortgage lender, announced late last week that it has promoted three senior members of its leadership team as it continues to grow. According to the announcement, Terry Schmidt, David Neylan and Amber Elwell are moving up within the company.  Schmidt, who has been with the company

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