Mortgage technology

In considering the purchase of new digital mortgage tools, look at technology through the eyes of borrowers and how it can help ease their anxiety, originators say.

Sluggish gain-on-sale margins however were the result of competitive pricing in the market, the company said.

Not every audit will save a dollar, but paying for check-ups will stem further expenses, industry veterans say.

The tool will streamline the LOs search for company mortgage offerings, guidelines and product-related questions, Guild said.

Issues or errors in closing-protection letters appeared in over 45% of loans, a record-high share, according to Fundingshield.

Iannitti co-founded the document company in 1987 and later took a leading role in promoting eMortgage process adoption.

The Department of Housing and Urban Development and the Nationwide Multistate Licensing System also reportedly had disruptions.

Gow's addition is the latest major leadership development at the firm, which also named a new chairman and CEO this year but saw the recent departure of its chief technology officer.

The final rule governing the use of automated valuation models for home assessments is substantially similar to the initial proposal made last June.

A Rocket Mortgage securitization is the first private investor deal with a high share of e-notes, and the company is considering use with another loan product type.