Oklahoma City-based a la mode inc. has debuted Mortgage XSites -- websites containing business tools to generate leads and cut paperwork, among other things -- at the annual convention of the National Association of Mortgage Brokers.The sites are available for one annual fee, with "no nickel-and-dime add-ons or surprises," the company said. Among the features available on the sites are: DirectFax, which converts faxed tax returns and other paperwork to digital files; FlexApp 1003s, which the company says give small offices and single mortgage brokers the online application functionality of big lenders' sites; daily news feeds; and mortgage calculators. "MortgageXSites are the final piece of the online mortgage revolution," said Brad Eaton, the company's project manager for the sites. "Previously, only the biggest originators and niche lenders whose entire business model relied on the Internet channel had the interactive technology to allow borrowers to complete applications electronically." The company and the new websites can be found online at http://www.alamode.com and http://www.mortgagexsites.com.
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The founder who was recently ousted as CEO said he wants to return the company to its positive trajectory, after last week's shakeup battered its stock price.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
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The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
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For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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