"New AI-powered technologies are allowing lenders to complete their work without having to maintain today’s high staffing levels," said Argun Kilic, CEO of Areal. "Even better, these new tools work with their legacy technologies."
Read More »Americans Are Growing Less Confident They Can Afford a Home
According to MeridianLink’s latest Nationwide Mortgage Lending Survey, more than 30% of Americans are less confident in their ability to afford a home compared to five years ago. In addition, 55% expect mortgage rates to continue rising through the remainder of 2023.
Read More »U.S. Home Mortgage Lending Recovers in Q2
A new mortgage report from ATTOM revealed U.S. lenders issued approximately $494 billion worth of residential mortgages in Q2 of 2023, while total activity rose after eight straight quarterly declines to 21%.
Read More »Eight Consecutive Quarters of Lending and Refinance Declines
"Lenders saw opportunities dwindle even more during the first quarter as the longest slowdown in mortgage activity in at least 20 years continued," said Rob Barber, CEO at ATTOM.
Read More »loanDepot Reaches Settlement, Agreement with Founder and CEO Anthony Hsieh
loanDepot announced it has entered into a settlement and cooperation agreement with Anthony Hsieh, declaring the size of the Board of Directors to be temporarily increased from eight to nine directors.
Read More »Webinar Spotlight: Insights on Digital Mortgages, Due Diligence & More
Click through to revisit this year's lineup of the Five Star Webinar Series, featuring subject-matter experts delving into the trends and challenges that have defined 2022.
Read More »Planning for Sustainable Success in the LEP Market
Non-English-speaking borrowers remain an underserved market and potential revenue source, but lenders seeking to serve that market need to first consider several things.
Read More »Lenders React to Rate Hikes, Decreasing Demand
According to a new report by J.D. Power, mortgage lenders are struggling to stand out as demand continues to plummet and rates increase, resulting in higher customer expectations and increased competition.
Read More »Mortgage Lending Plummets Nationwide in Q1
ATTOM released its Q1 2022 U.S. Residential Property Mortgage Origination Report, with data showing that 2.71 million mortgages secured by residential property were originated in Q1 of 2022 ...
Read More »Climbing to New Heights
Will 2022 prove to be a banner year for mortgage? Experts from Cherry Creek, Churchill, Homespire, and more forecast the trends and challenges facing the industry as a new year dawns.
Read More »