Technology

Fannie Mae is extending its property inspection waivers to certain purchase mortgages with large down payments.

The service, which carries a $9.95 monthly fee, recently completed a private beta test, with users managing more than $1 billion on the platform.

The nonbank lender and servicer's long-awaited rebrand comes along with wholesale changes across its entire operation to better emphasize the customer experience.

Freddie Mac has gotten the green light for its appraisal alternative for purchase loans, and has released information about how similar automated collateral evaluations for refinances have performed.

The share of refinance loans in the market bounced back slightly in July, according to Ellie Mae's latest monthly report.

Western Bancorp, a wholesale mortgage originator, was acquired by Eli Global, a privately held investment company. Terms of the deal were not disclosed.

Collaboration will help make up for cost concerns from adopting the technology and ensure that the core vendors get the message of community banks’ interest.

The mortgage market is transforming at breakneck pace, with bank and nonbank mortgage lenders investing heavily in digitizing their process, improving the customer experience, and speeding time to close.

Picking a new benchmark for adjustable-rate mortgages is the easy part. Industrywide implementation is where things get tricky.

With condominium lending rising, CoreLogic is now offering lenders self-service access to its condominium project review data service.