Originations

Using digital methods also saves time for the actual closing, which also contributes to the lower costs, the Notarize study found.

The company said it would increase efforts in non-QM lending and dropped hints about further acquisitions.

United Wholesale Mortgage’s litigation could prompt regulators, including the Federal Trade Commission, to examine the contract that bars third-party originators from doing business with Rocket and Fairway.

Compounding factors of low inventory and high costs also helped lead to another decline in Fannie Mae’s Home Purchase Sentiment Index.

Pretax income in the servicing segment outpaced its loan production unit in the fourth quarter, as the company launches new branding initiatives.

Employment numbers suggest that interest in home purchases is bearing up well despite some limits on consumer spending and normalization in the mortgage market after two banner years.

Zip codes with the biggest share of children under 18 saw faster increases in house prices about two-thirds of the time, a Zillow study found.

But the company was able to increase the share of its top line that came from recurring income streams while minimizing the impact of more volatile transactional-based ones.

But the current lack of movement is likely only a temporary reprieve, according to Freddie Mac.

If approved, the new loan would unlock $120 million in badly needed funds for the sprawling Bronx multifamily complex.

Competing against similarly sized lenders in the channel was like battling in the octagon, said founder Jamie Thornton.

Productivity, retention, referrals, and efficiency are key business objectives for the year ahead according to lenders surveyed by Total Expert.

But refinances came in 50% below levels from a year ago, with rate-and-term activity falling by over 40% in the third quarter of last year, according to TransUnion.

While low interest rates and low existing-home supply are behind much of the growth, the single-family rental market is also fueling demand.

These suburbs offered easy access to both major metros and the outdoors, cozy neighborhoods and affordability, according to Realtor.com.

The co-founder of Arch Capital Solutions reviews the changes made to reporting disclosures on mortgages for condominiums and units located in HOAs that were part of a response to the tragic condo collapse in Surfside, Florida.

The location will support the lender’s direct-to-consumer channel and employ more than 300 people.

The CEO of the Lincoln Family of Companies brand details its expansion strategy, which is unique for the settlement services business.

But economists predict upward pressure in the coming months after comments from Federal Reserve Chair Jerome Powell.

New player Tomo is entering this niche while a trio of established players enhance their existing offerings for their third-party channels.