Underwriting

Legal and compliance overtook verification issues as the top cause for application defects during the fourth quarter, according to Aces Quality Management.

The increase in purchase mortgage rate lock volume provides support for those looking for a strong Spring market this year, Optimal Blue found.

April was a mixed bag for title companies, executives said on earnings calls, but some are expecting a stronger market the rest of the year.

More homeowners are willing to take out a HELOC versus three years ago, but a knowledge gap remains around the use cases for the product, MeridianLink said.

Loan providers saw more frequent use of verification tools as well as shortened turnaround times from preapproval to application submission, Lenderlogix said.

The company has not traditionally had a large presence in housing finance, but plans for government-related credit modernization have given it a boost.

Plaintiffs raise prior accusations that the lender ignored applicants' debts in collections, and used unreasonable residual income calculations.

The fraudsters aren't doing anything new or sophisticated, but are successfully using familiar tactics, said reports from CertifID and FundingShield.

A National Mortgage News/Snapdocs survey of 100 lenders found 90% use some form of what could be considered a digital closing, up from 74% two-years ago.

The partnership between the customer contact software provider and the operator of the Empower loan origination system was announced nearly one year ago.