Origination

While digital expansion of the mortgage application process increases convenience, it inherently comes with the downside of heightened fraud risk.

Toronto's housing market continues to settle into a new normal as sales and prices changed little in September.

August's share of conventional mortgages closed by millennials reached a three-year high as lenders added products to meet their lifestyle, Ellie Mae said.

Builder Lennar Corp.'s purchase of CalAtlantic's financial services operations boosted its mortgage segment's earnings in the third quarter as the acquisition offset declines in per-loan profits and refinancing.

Single-family homes in Santa Fe, N.M., sold for 21% more in the third quarter of 2018 than during the same period last year, the Santa Fe Association of Realtors reported.

Mortgage application activity was relatively flat compared with the previous week, as long-term interest rates held steady following the recent Fed rate hike, according to the Mortgage Bankers Association.

Southern California home sales hit a four-year low this past summer as rising costs and a lack of affordable homes cut into home shoppers' buying power.

Consumer demand for “ease of information and ease of interaction” is driving the digital mortgage era, says John Schleck, senior vice president at Bank of America.

LoanDepot is using scale and technology to its advantage by evaluating borrower demands through surveys and real-time assessments of customer profiles, says Chief Technology Officer Dominick Marchetti.

Bank of America is taking what consumers are accustomed to on the banking side and applying that to its lending division to offer a consistent digital experience, says John Schleck, the bank’s senior vice president.