Dropping credit scores point to loosening credit standards to attract a dwindling refinance market.
Read More »Lower Interest Rates Driving Demand for Refinancing
Is one loan type getting more love than the others during this refinancing surge?
Read More »Has Digital Use Buoyed Mortgage Customer Satisfaction?
The mortgage industry is embracing digital technology, but is it actually speeding up the origination process? Customers aren’t so sure.
Read More »Nonbanks: Taking Over Origination
Recent data reveals that nonbanks originated 60 percent of new mortgages this year. Find out what policymakers need to know about the dominating originators.
Read More »History Might Not Repeat Itself
An Insights Blog by Molly Boesel, Principal Economist at CoreLogic, analyzed mortgage origination data from 2016 to discover if the past might repeat itself in 2017.
Read More »DataVerify Now Offers Automated Processes To Submit Tax Transcript Information
DataVerify recently announced that they now offer an automated process that populates required data elements for submission of 4506-T IRS tax transcript information to the Fannie Mae Day 1 Certainty data validation service through the Ellie Mae’s Encompass all-in-one mortgage management solution and Total Quality Loan program.
Read More »Ready, Set … Go: The Digitization of Mortgage Origination
While most borrowers can check the status of their mortgage and make payments via lender websites and mobile apps, many now expect that level of transparency and convenience in the mortgage origination process as well. Lenders are increasingly working to make the advances they need to deliver an origination experience better aligned with the way most consumers prefer to do business. This means a digital environment.
Read More »Could Supreme Court Decision Have Vast Implications on Mortgage Industry?
The Supreme Court ruled Monday in a unanimous decision that the Fair Debt Collection Practices Act did not extend its reach to entities that purchase defaulted loans on the secondary market. The petitioners brought their case in front of the Supreme Court in an appeal of the 4th Circuit Court ruling in favor of the respondent. Justice Neil Gorsuch delivered his first opinion since his conferral to the Court.
Read More »Flagstar Bancorp Closes on Acquisition
Monday, Flagstar Bancorp, Inc. closed on its formerly announced acquisition of Opes Advisors, Inc. In doing so, Flagstar said it has now expanded its origination business and increased its access to higher quality purchase mortgage originations. This is Flagstar’s second acquisition this year.
Read More »Mortgage Cadence Introduces Collaboration Center
Earlier this month, Mortgage Cadence acquired BeesPath Inc.’s ClosingBridge platform, now branded as Collaboration Center. Currently the platform will be offered as a standalone product, but in the future will be fully incorporate into Mortgage Cadence’s platform.
Read More »