Tag: Mortgage
FirstClose appoints Alex Sirpis as vice president of sales
AUSTIN, Texas, Dec. 4, 2025 (SEND2PRESS NEWSWIRE) -- FirstClose™, a leading fintech provider of data and workflow solutions for mortgage and home equity lenders nationwide, today announced the appointment of Alex Sirpis as vice president of sales. In this role, Sirpis will lead the company's sales organization, refine the go-to-market strategy and drive revenue growth as FirstClose continues expanding its presence with mortgage and home equity lenders across the country.
Rivermark Community Credit Union Expands Subservicing Relationship with Dovenmuehle
LAKE ZURICH, Ill., Dec. 3, 2025 (SEND2PRESS NEWSWIRE) -- Dovenmuehle Mortgage, Inc. (DMI), a leading mortgage subservicing company, announced today that Rivermark Community Credit Union has expanded its partnership with DMI. Under this expanded relationship, Dovenmuehle will provide subservicing for Rivermark's growing portfolio of mortgage loans, supporting the credit union's expanding membership base and ensuring an exceptional servicing experience for members.
The Big Picture’s final lineup of 2025 features mortgage power players in conversation on leadership, tech disruption and the future of the industry
CLEVELAND, Ohio, Dec. 2, 2025 (SEND2PRESS NEWSWIRE) -- Top mortgage industry webcast The Big Picture, broadcast live every Thursday at 3 p.m. ET, announced a December lineup of trailblazing figures in loan origination technology, real estate and housing finance advocacy. Co-hosted by mortgage business consultant and executive coach Rich Swerbinsky and capital markets authority Rob Chrisman.
iEmergent’s latest U.S. mortgage forecast validation confirms industry-leading accuracy
DES MOINES, Iowa, Dec. 2, 2025 (SEND2PRESS NEWSWIRE) -- iEmergent, a forecasting and advisory services firm for the financial services, mortgage and real estate industries, released a new analysis validating that its U.S. purchase mortgage origination forecasts continue to lead the industry in accuracy, outperforming other publicly available forecasts such as those published by Fannie Mae and the Mortgage Bankers Association (MBA) over the last six years.
FirstClose Appoints Adam Nicholson as Director of Professional Services
AUSTIN, Texas, Nov. 25, 2025 (SEND2PRESS NEWSWIRE) -- FirstClose™, a leading fintech provider of data and workflow solutions for mortgage and home equity lenders nationwide, today announced the appointment of Adam Nicholson as director of professional services. Nicholson will lead the company's implementation operations, including project delivery, process optimization and cross-functional coordination to enhance the customer experience.
DocMagic enhances Total eClose platform with new IPEN capability for broader digital closing flexibility
TORRANCE, Calif., Nov. 20, 2025 (SEND2PRESS NEWSWIRE) -- DocMagic, Inc. announced today the availability of its in-person electronic notarization (IPEN) capability, extending the company's Total eClose™ platform to support more closing scenarios and borrower preferences across the country. IPEN offers lenders, settlement agents, notaries and borrowers an additional digital option for situations where remote online notarization (RON) is not jurisdictionally permitted or simply not the preferred experience.
ACES Q2 2025 Mortgage QC Industry Trends Report shows modest rise in critical defect rate as refinance complexity tests loan quality
DENVER, Colo., Nov. 18, 2025 (SEND2PRESS NEWSWIRE) -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, today announced the release of its quarterly ACES Mortgage QC Industry Trends Report covering the second quarter (Q2) of 2025. The report analyzes post-closing quality control data derived from the ACES Quality Management & Control® software.
MMI Honored with 2025 AI Pioneer Award for Innovative Use of Artificial Intelligence in Mortgage Technology
SALT LAKE CITY, Utah, Nov. 18, 2025 (SEND2PRESS NEWSWIRE) -- Mobility Market Intelligence (MMI), the leader in mortgage technology, has been recognized with the 2025 AI Pioneer Award by PROGRESS in Lending Association for leveraging artificial intelligence like ChatMMI cross its platform to deliver to deliver real, measurable outcomes for lenders-from opportunity discovery and timely outreach to borrower retention and lifetime loyalty.
Rice Park Acquires Rosegate Mortgage, Enhancing End-to-End Mortgage Capabilities and MSR Investment Platform
CHARLOTTE, N.C. and PLYMOUTH, Minn., Nov. 14, 2025 (SEND2PRESS NEWSWIRE) -- Rice Park Capital Management LP ("Rice Park"), a Minneapolis-based private investment firm specializing in mortgage servicing rights (MSRs), announced today that it has acquired Rosegate Mortgage, LLC ("Rosegate Mortgage"), NMLS #2020757, a retail and consumer-direct mortgage lender headquartered in Charlotte, NC.
The Mortgage Collaborative Charts 2026 Strategy Focused on Connection, Growth and Industry Resilience
SAN DIEGO, Calif., Nov. 13, 2025 (SEND2PRESS NEWSWIRE) -- As lenders continue to navigate a shifting housing market marked by volatility, margin pressure and rapid technological change, The Mortgage Collaborative (TMC) is doubling down on what it believes is the industry's greatest strength: connection.
Cloudvirga’s Loan Hub equips loan teams with modern tools for managing pipelines, tasks and borrower communication
IRVINE, Calif., Nov. 13, 2025 (SEND2PRESS NEWSWIRE) -- Cloudvirga, a Stewart-owned provider of digital point-of-sale platforms for lenders, today announced the launch of its new Loan Hub for lenders seeking an optimized loan team experience. The Loan Hub gives loan officers, LO assistants and processors a modern, intuitive workspace to manage their pipelines, collaborate with borrowers and complete key tasks without toggling between systems.
Optimal Blue report: October lock volume holds second-highest level in three years
PLANO, Texas, Nov. 11, 2025 (SEND2PRESS NEWSWIRE) -- Optimal Blue today released its October 2025 Market Advantage mortgage data report, showing that rate-lock activity remained strong despite seasonal cooling and continued to outpace last year's levels. Total lock volume fell 4.2% month over month (MoM) from September's peak but was still up 18% year over year (YoY) as borrowers responded to improving affordability and narrower rate spreads.
MMI’s Chief Technology Officer Dan Jones Named 2025 HousingWire Tech Trendsetter
SALT LAKE CITY, Utah, Nov. 10, 2025 (SEND2PRESS NEWSWIRE) -- HousingWire has recognized Dan Jones, Chief Technology Officer at Mobility Market Intelligence (MMI), as one of its 2025 Tech Trendsetters - an annual honor celebrating 75 technology leaders who are shaping the future of housing through innovation.
LenderLogix expands LiteSpeed POS with built-in AI-powered agent for mortgage loan officers
BUFFALO, N.Y., Nov. 10, 2025 (SEND2PRESS NEWSWIRE) -- LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced it has launched AI Sidekick, an artificial intelligence (AI) feature built into the LiteSpeed point-of-sale (POS) platform. AI Sidekick supports loan officers (LOs) with simple tools to instantly review loan files, efficiently update document needs lists and rapidly identify missing data, reducing loan processing times by up to 40%.
Friday Harbor adds appraisal underwriting to its AI Originator Assistant
SEATTLE, Wash., Nov. 6, 2025 (SEND2PRESS NEWSWIRE) -- Friday Harbor, an AI-powered platform that helps loan officers assemble complete and compliant loan files in real time, today announced that its AI Originator Assistant now performs collateral analysis alongside credit, income and asset reviews. The enhancement enables lenders to underwrite appraisals and appraisal-related documents with the same precision and consistency the platform already delivers for other loan file components.
Click n’ Close triples warehouse line capacity to support growing One-Time Close demand
ADDISON, Texas, Nov. 6, 2025 (SEND2PRESS NEWSWIRE) -- Click n' Close, a multi-state mortgage lender, today announced a significant expansion of its warehouse line capacity dedicated to its growing One-Time Close (OTC) construction-to-permanent wholesale lending business. The expansion, supported by Merchants Bank and other warehouse partners, triples Click n' Close's OTC capacity and follows a record fiscal year performance, reinforcing the confidence of its capital partners in the company's financial strength and specialized business model.
FirstClose celebrates 25 years of mortgage and home equity innovation
AUSTIN, Texas, Nov. 5, 2025 (SEND2PRESS NEWSWIRE) -- FirstClose™, a leading fintech provider of data and workflow solutions for mortgage and home equity lenders nationwide, is celebrating its 25th anniversary this month. This marks a quarter-century of innovation in modernizing lending processes for residential mortgage and home equity lenders nationwide.
Benchmark Mortgage adds Clay McMurray as Chief Marketing Officer
DALLAS, Texas, Nov. 3, 2025 (SEND2PRESS NEWSWIRE) -- Benchmark Mortgage, a full-service mortgage lender and broker based in Dallas, has added mortgage marketing professional Clay McMurray as chief marketing officer. McMurray will help Benchmark Mortgage grow its national brand to new heights, bringing the company's story to life with the goal of helping as many homeowners as possible while attracting top mortgage originators. He brings extensive mortgage industry experience, having led and expanded other national brands.
Mortgage leaders tackle practical innovation, homeownership access and AI strategy on The Big Picture this November
CLEVELAND, Ohio, Nov. 3, 2025 (SEND2PRESS NEWSWIRE) -- Top mortgage industry webcast The Big Picture, broadcast live every Thursday at 3 p.m. ET, announced its November slate of influential leaders who will cover diverse topics, including user-focused origination technology, agentic AI and the role of homeownership in building stronger communities.
Click n’ Close appoints Jon Wilson as Vice President of Accounting
ADDISON, Texas, Oct. 30, 2025 (SEND2PRESS NEWSWIRE) -- Click n' Close, a multi-state mortgage lender, today announced the addition of Jon Wilson as Vice President of Accounting. In this role, Wilson will oversee corporate accounting, financial reporting and process optimization, supporting the company's continued growth and operational excellence.
Denise Donoghue, a.k.a. ‘The Mortgage Nerd,’ is Benchmark Mortgage’s 2025 Blue Jacket Winner
DALLAS, Texas, Oct. 28, 2025 (SEND2PRESS NEWSWIRE) -- Benchmark Mortgage, a full-service mortgage lender and broker based in Dallas, has named Denise Donoghue, also known as "The Mortgage Nerd," as its 2025 Blue Jacket winner. The prestigious award is given annually by Benchmark Mortgage, a community of expert mortgage consultants in more than 80 branches nationwide, to members who embody the company's core values and demonstrate excellence in business execution.
Class Valuation and Land Gorilla Automate 1004D Final Appraisal Inspections
TROY, Mich., and SAN LUIS OBISPO, Calif., Oct. 28, 2025 (SEND2PRESS NEWSWIRE) -- Class Valuation, a leading real estate appraisal management company, and Land Gorilla, a leading provider of construction lending software, today announced a joint integration that adds a new Appraisal Management Company category to Land Gorilla's inspection marketplace. This enables lenders to order or automate final inspections and appraisal updates directly within the Land Gorilla platform.
Click n’ Close offers free USDA lock extensions, accepts new locks during government shutdown
ADDISON, Texas, Oct. 27, 2025 (SEND2PRESS NEWSWIRE) -- Click n' Close, a multi-state mortgage lender, today announced a two-part initiative to support lenders during the federal government shutdown: free lock extensions for USDA loans already in its wholesale pipeline and acceptance of new USDA locks, which will be eligible for the same free extensions through Dec. 31, 2025.
Ardley Launches Recapture Platform for Cenlar Clients
RESTON, Va., Oct. 24, 2025 (SEND2PRESS NEWSWIRE) -- Ardley, a leading provider of mortgage portfolio analytics and borrower engagement solutions, today announced a strategic service offering to support clients of Cenlar, the nation's leading mortgage subservicer. This collaboration introduces an Ardley recapture and refinance intelligence platform for Cenlar's clients.
Down Payment Resource Reports a New Record of 2,624 Homebuyer Assistance Programs Nationwide in Q3 2025
ATLANTA, Ga., Oct. 21, 2025 (SEND2PRESS NEWSWIRE) -- Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q3 2025 Homeownership Program Index (HPI) report. The report identifies 70 new programs launched in Q3, bringing the total number of available programs nationwide to a record 2,624. Additionally, 20 new program providers were added to DPR's database in Q3, bringing its provider total to 1,360.
Kaushal Shah named 2025 NewsLink Tech All-Star by the Mortgage Bankers Association
TROY, Mich., Oct. 21, 2025 (SEND2PRESS NEWSWIRE) -- Class Valuation, a leading real estate appraisal management company (AMC), announced today that Kaushal Shah, its chief technology officer, has been named a 2025 NewsLink Tech All-Star by the Mortgage Bankers Association, the national association representing the real estate finance industry. The MBA's NewsLink Tech All-Star awards recognize a few individuals each year who are making measurable and meaningful contributions to the mortgage industry.
PNC Bank Expands Use of Automation from Dark Matter Technologies to Advance Mortgage and Home Equity Innovation
JACKSONVILLE, Fla., Oct. 21, 2025 (SEND2PRESS NEWSWIRE) -- Dark Matter Technologies (Dark Matter®), an innovative leader in mortgage technology, today announced that PNC Bank, part of the PNC Financial Services Group, Inc., will extend its use of Dark Matter's cutting-edge mortgage solutions under a new contract to enhance PNC's mortgage and home equity lending operations.
FirstClose and Lateral Investment Management announce additional equity funding to support continued growth
AUSTIN, Texas, Oct. 17, 2025 (SEND2PRESS NEWSWIRE) -- FirstClose™, Inc., a leading fintech provider of data and workflow solutions for mortgage and home equity lenders nationwide, today announced the completion of an additional round of equity funding, which was led by existing investor Lateral Investment Management, based in San Mateo, California.
FICO Joins CapitalW Collective as Corporate Development Partner, Reinforcing Commitment to Industry Education and Innovation
SAN DIEGO, Calif., Oct. 17, 2025 (SEND2PRESS NEWSWIRE) -- CapitalW Collective, a trailblazing non-profit dedicated to advancing women and their allies in mortgage capital markets, proudly announces FICO® (NYSE:FICO), as a Corporate Development Partner - CapitalW Collective's highest support tier. The partnership reinforces a shared mission to educate, elevate, and empower current and future leaders within mortgage.
Optimal Blue continues to debut new innovations across complete capital markets platform ahead of MBA Annual Convention and Expo
PLANO, Texas, Oct. 16, 2025 (SEND2PRESS NEWSWIRE) -- Optimal Blue today announced the launch of a new data solution to deliver increased market transparency, as well as three major platform enhancements focused on pricing accuracy, trade execution and counterparty management. Released ahead of the Mortgage Bankers Association (MBA) Annual Convention and Expo, and as the company prepares for its 2026 Optimal Blue Summit, these innovations reinforce Optimal Blue's commitment to delivering solutions that position lenders to drive operational excellence and boost competitive performance.
iEmergent puts HMDA benchmarking, market analysis and broker insights at lenders’ fingertips with newest set of market intelligence dashboards
DES MOINES, Iowa, Oct. 16, 2025 (SEND2PRESS NEWSWIRE) -- iEmergent, a forecasting and advisory services firm for the financial services, mortgage and real estate industries, today announced three new market intelligence dashboards that give mortgage lenders immediate, data-driven visibility into competitive benchmarking, market trends and broker performance.
LenderLogix Q3 2025 Homebuyer Intelligence Report Reveals Subtle Shifts in Pre-Approval Volume and Post-App Behavior
BUFFALO, N.Y., Oct. 16, 2025 (SEND2PRESS NEWSWIRE) -- LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced the release of the Homebuyer Intelligence Report, a quarterly summary of insights into borrower behavior during the home-buying process based on data collected by the LenderLogix suite of tools. The latest report covers data collected during the pre-approval and borrower application process in the third quarter (Q3) of 2025.
DocMagic awarded dual patents for groundbreaking electronic loan document innovations
TORRANCE, Calif., Oct. 15, 2025 (SEND2PRESS NEWSWIRE) -- DocMagic, Inc. announced today it has been granted two patents from the United States Patent and Trademark Office: Patent No. 12,175,785 for its system and method of "Determining Similar Loan Documents" and Patent No. 12,169,976 for its system and method of "Enabling Electronic Loan Documents."
Cloudvirga integrates Horizon POS with Stewart Valuation Intelligence to streamline appraisal ordering
IRVINE, Calif., Oct. 15, 2025 (SEND2PRESS NEWSWIRE) -- Cloudvirga, a Stewart-owned provider of digital point-of-sale platforms for lenders, today announced the integration of its Horizon POS with Stewart Valuation Intelligence, LLC (SVI), a national provider of appraisal management and residential real estate valuation services.
Optimal Blue report: Rate rally drives 28% surge in September lock volumes
PLANO, Texas, Oct. 14, 2025 (SEND2PRESS NEWSWIRE) -- Optimal Blue today released its September 2025 Market Advantage mortgage data report, which showed a sharp increase in rate-lock activity as mortgage rates fell throughout the month to their lowest levels in nearly a year. Total lock volume rose 28% month over month (MoM), led by a surge in refinance lending as borrowers seized on the opportunity to lower monthly payments. Purchases also climbed 6% MoM, outperforming typical seasonal trends as improved affordability brought more buyers into the market.