Tag Archives: Mortgage

Optimal Blue Introduces Seven Major Innovations at Its Inaugural User Summit in San Diego

Company continues its streak of aggressive product innovation and no-cost feature additions

SAN DIEGO, Calif., Feb. 4, 2025 (SEND2PRESS NEWSWIRE) — Optimal Blue today unveiled a series of new products and features, alongside its major Ask Obi AI assistant announcement, at its Summit user conference in San Diego. These innovation announcements underscore the company’s commitment to delivering high-impact solutions, at no additional cost, that tackle real-world challenges and help lenders maximize profitability.

Optimal Blue logo
Image caption: Optimal Blue.

“Today more than ever, lenders need software and data solutions that empower them to make smarter business decisions and operate with efficiency, and Optimal Blue is demonstrating our commitment to helping them navigate and thrive in this complex and highly regulated environment,” said Erin Wester, chief product officer at Optimal Blue. “The products and features announced at our Optimal Blue Summit are not simply software – they are solutions designed specifically to help lenders maximize their profitability, built based on real feedback gathered from our hundreds of clients. These innovations are a testament to Optimal Blue’s state-of-the-art product, research and development, and engineering teams that go to work for the benefit of our clients every day.”

Major product enhancements announced during the Summit include:

ORIGINATOR ASSISTANT

Originator Assistant is an AI-powered tool in the Optimal Blue PPE that identifies alternate loan scenarios that can produce more competitive pricing, helping loan officers have more strategic discussions with borrowers to win more business. Originator Assistant further amplifies Optimal Blue’s Scenario Optimizer tool, which was introduced last fall to allow clients to run up to three pricing scenarios side-by-side. Originator Assistant examines applicable adjustments, margins, and other price components, and identifies where small loan setup/parameter changes could positively impact pricing. Fully embedded within a loan officer’s workflow, Originator Assistant runs behind-the-scenes as part of every scenario search.

RULES OPTIMIZER

Rules Optimizer is a feature in the Optimal Blue PPE that allows lenders to streamline the rule creation process by creating a single rule and applying it to multiple investor relationships. This gives lenders flexibility to take advantage of both one-to-one and one-to-many investor relationships or custom rule writing. Rules Optimizer also offers change history tracking so users can easily see updated rules and investors/products at a granular level, as well as the ability to schedule run periods in advance to support specials and limited-time promotions. Rules Optimizer is built on top of the Optimal Blue PPE’s system-maintained ratesheet content, which is regarded for its industry-leading accuracy.

RATESHEET TOOL

The Ratesheet Tool is a feature that connects front-end pricing (i.e., origination) with back-end pricing (i.e., secondary) to allow lenders to generate ratesheet pricing with a known margin, accurately. Linking to both the Optimal Blue PPE and the CompassEdge hedging and loan trading platform, the Ratesheet Tool allows secondary users to access a back-end price and deliver a more accurate execution price to originators. The Ratesheet Tool offers a new way for lenders to generate ratesheets with their own proprietary pricing, with precision and accuracy from secondary to origination. This solution showcases a distinct benefit lenders can only realize from working with Optimal Blue, given the company’s end-to-end capital markets platform encompassing both product and pricing and hedging and trading.

CONFIRM ASSISTANT

Confirm Assistant is a feature in the CompassEdge hedging and loan trading platform that reduces both the time and potential for manual errors associated with reading TBA trade confirmation files. The tool uses AI to read files from broker-dealers, parsing the documents into usable formats. With Confirm Assistant, users simply drag and drop confirmation files and approve them without having to manually key in data. This benefits users by reducing manual, time-consuming steps and freeing up staff to focus on more complex trades.

MORTGAGE RATE FUTURES

First announced in November 2024, Optimal Blue has partnered with CME Group, the world’s leading derivatives marketplace, to provide the Optimal Blue Mortgage Market Index (OBMMI) as the foundation for CME Group’s new Mortgage Rate futures. Launched on Jan. 13, 2025, Mortgage Rate futures are cash-settled contracts that provide direct exposure to the latest primary mortgage rate available to borrowers, giving mortgage originators an additional instrument to hedge pipeline and servicing risk. The contracts are the first-ever to be based on the 30-Year Fixed Rate Conforming OBMMI, which is designed for IOSCO compliance and tracks real-time rate lock data from more than one-third of U.S. residential mortgage originations.

SOLUTION CENTER

The Solution Center is a partner marketplace within Optimal Blue’s Comergence platform that expands revenue opportunities for mortgage lenders and investors and third-party partners and vendors. The Solution Center provides a platform where users can sell products and services through a two-sided marketplace of vetted integration partners. It supports more streamlined vendor communication, and the Solution Center Academy provides a resource for asynchronous training, helping investors promote strategic relationships, as well as required trainings, for their third-party originators.

ASK OBI

Finally, as announced earlier today, Ask Obi is Optimal Blue’s new standalone AI assistant that gives executives instant, interactive access to granular data insights and trends to improve business decisions. Ask Obi gives lenders the power to view their operations holistically with data aggregation across Optimal Blue’s comprehensive capital markets platform, reaching from loan origination data through hedging and trading.

Optimal Blue’s Summit user conference features multi-track sessions exploring AI and automation trends, profitability strategies, market insights, and more, led by leading economists, policymakers, and lenders, as well as the company’s own subject matter experts.

About Optimal Blue:

Optimal Blue effectively bridges the primary and secondary mortgage markets to deliver the industry’s only end-to-end capital markets platform. The company helps lenders of all sizes and scopes maximize profitability and operate efficiently so they can help American borrowers achieve the dream of homeownership. Through innovative technology, a network of interconnectivity, rich data insights, and expertise gathered over more than 20 years, Optimal Blue is an experienced partner that, in any market environment, allows lenders to optimize their advantage from pricing accuracy to margin protection, and every step in between. To learn more, visit https://OptimalBlue.com/.

NEWS SOURCE: Optimal Blue


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Optimal Blue Announces Ask Obi, an AI Assistant to Provide Mortgage Lending Executives With Real-Time Business Insights

Conversational generative AI chat assistant to provide easy-to-understand, interactive insights and graphical representations to help lenders maximize profitability

SAN DIEGO, Calif., Feb. 4, 2025 (SEND2PRESS NEWSWIRE) — Optimal Blue today announced Ask Obi, an AI assistant designed to provide mortgage lending executives with instant, actionable insights from their Optimal Blue products and data. Unveiled during Optimal Blue’s inaugural Summit user conference in San Diego, Ask Obi gives lenders the power to view their operations holistically with data aggregation across Optimal Blue’s comprehensive capital markets platform.

Optimal Blue logo
Image caption: Optimal Blue.

Ask Obi enables executives to inquire about intricate profitability metrics with simple, conversational queries – such as, “What markets had the greatest change in average margins from Q3 2024 to Q4 2024?” or “Which loan officers issued the most concessions over the second week of January 2025?” – and get easy-to-understand answers at a granular level to improve strategic decision-making.

“Our clients operate in a time when speed and accuracy matters, so having to wait for reports to be generated – only to then spend more time poring over those reports to get to the insights needed to make decisions – doesn’t make sense,” said Joe Tyrrell, CEO of Optimal Blue. “With Ask Obi, those hours of generating, compiling, and analyzing reports are replaced with accurate, real-time, personalized information, designed specifically for decision-makers, by delivering the data that matters most to their profitability. While other companies are talking about AI, but in reality are still trying to catch up to our accuracy and core capabilities, Optimal Blue has already embraced generative AI to solve real operational and capital markets challenges, all at no additional cost to our clients.”

“Ask Obi demonstrates the unique value clients realize by working with Optimal Blue, a provider of comprehensive capital markets technology,” said Erin Wester, chief product officer of Optimal Blue. “Through the power of generative AI, users can have an interactive conversation to better understand the data that drives their business. In contrast to other tools that may require filters and manual selections, Ask Obi is designed for ease of use and conversational interactions, while conveniently building off a user’s previous inquiries and suggesting preloaded questions.”

Available to Optimal Blue clients for beta testing later this month, Ask Obi offers complete access to a lender’s PPE data, with development work underway to expand access across Optimal Blue’s complete capital markets platform. This initiative aligns with Optimal Blue’s larger vision to deliver comprehensive interoperability among its end-to-end capital markets products, allowing clients to benefit from synthesized data and machine learning for enhanced margin management and profitability oversight.

Ask Obi is one of several innovations the company announced at its Summit, demonstrating its commitment to continuous investment in its products to help its clients maximize lending profitability.

About Optimal Blue:

Optimal Blue effectively bridges the primary and secondary mortgage markets to deliver the industry’s only end-to-end capital markets platform. The company helps lenders of all sizes and scopes maximize profitability and operate efficiently so they can help American borrowers achieve the dream of homeownership. Through innovative technology, a network of interconnectivity, rich data insights, and expertise gathered over more than 20 years, Optimal Blue is an experienced partner that, in any market environment, allows lenders to optimize their advantage from pricing accuracy to margin protection, and every step in between. To learn more, visit https://OptimalBlue.com/.

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NEWS SOURCE: Optimal Blue


This press release was issued on behalf of the news source (Optimal Blue), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/optimal-blue-announces-ask-obi-an-ai-assistant-to-provide-mortgage-lending-executives-with-real-time-business-insights/

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Mortgage industry webcast The Big Picture with Rich Swerbinsky and Rob Chrisman showcases Optimal Blue CEO Joe Tyrrell as February 6 guest

CLEVELAND, Ohio, Feb. 4, 2025 (SEND2PRESS NEWSWIRE) — Top mortgage industry webcast The Big Picture, broadcast live every Thursday at 3 p.m. ET, this week features Joe Tyrrell, CEO of Optimal Blue, a leading provider of comprehensive capital markets solutions. With over 25 years of experience in mortgage, finance and technology, Tyrrell will share insights for lenders seeking to fine-tune profitability in secondary market transactions and enhance operational efficiency through technology.

Optimal Blue CEO Joe Tyrrell
Image caption: Optimal Blue CEO Joe Tyrrell.

Tyrrell’s focus on solving real-world lending challenges with AI and innovating with a focus on helping lenders maximize profitability has helped amplify Optimal Blue’s position as a market leader in capital markets technology. Tyrrell’s expertise in navigating market trends and regulatory challenges ensures Optimal Blue remains at the forefront of innovation.

Prior to leading Optimal Blue, Tyrrell served as chief operating officer at Ellie Mae and then president of ICE Mortgage Technology, where he played a pivotal role in the growth and adoption of Encompass, the company’s flagship loan origination platform. Most recently, he was CEO of Medallia, a customer and employee experience solutions leader. Tyrrell’s forward-thinking approach and commitment to delivering AI-driven capabilities have earned him a reputation as a transformative leader in the financial services and technology industries.

Tyrrell’s episode will broadcast live on Thursday, February 6, at 3 p.m. ET. Visit watchthebigpicture.com to register and view an archive of past episodes.

About The Big Picture

Co-hosted by renowned mortgage industry leader Rich Swerbinsky and capital markets expert Rob Chrisman—author of the widely acclaimed Chrisman Commentary newsletter, the go-to source for industry news, sharp insights and a wry perspective — The Big Picture webcast offers a weekly deep dive into the forces shaping the mortgage world. Drawing on their extensive expertise and featuring compelling guests, the webcast delivers valuable perspectives and actionable insights for anyone seeking to better understand the dynamics of the mortgage industry. Visit watchthebigpicture.com to subscribe.

Tags: @OptimalBlue #mortgage #fintech #financialservices #homeownership #ADACompliance

NEWS SOURCE: The Big Picture Mortgage Webcast


This press release was issued on behalf of the news source (The Big Picture Mortgage Webcast), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

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iEmergent launches shareable market intelligence dashboards to help lenders unlock mortgage growth opportunities

iEmergent introduces a faster, more interactive way for lenders to explore loan production, referral networks and competitive performance

DES MOINES, Iowa, Jan. 30, 2025 (SEND2PRESS NEWSWIRE) — iEmergent, a forecasting and advisory services firm for the financial services, mortgage and real estate industries, today announced the release of four new market intelligence dashboards that make it easy for lenders to slice, visualize, export and share historical and forecasted loan production, real estate listing and demographic data. Powered by iEmergent’s award-winning market intelligence platform Mortgage MarketSmart, the new dashboards empower banks, credit unions and independent mortgage bankers (IMBs) to identify untapped mortgage lending opportunities and implement actionable growth strategies.

iEMERGENT
Image caption: iEmergent.

iEmergent’s market intelligence dashboards are designed for both flexibility and ease of use, making powerful data visualizations accessible to experts and non-experts alike. These dashboards uncover insights that support strategic planning as well as day-to-day operations. Built-in sharing capabilities allow lenders to instantly send dashboard insights via email or export them as PDFs, Excel spreadsheets, or PowerPoint presentations for more streamlined collaboration with colleagues and partners.

The first four market intelligence dashboards available now include:

  • Loan Officer Profile
    Optimizes recruiting, performance management and retention strategies by analyzing and ranking HMDA-reported loan production data for tens of thousands of mortgage loan originators. Users can filter by geography, transaction type, loan type and property type to dynamically generate insights broken down by loan purpose, average loan size and market penetration in key census tract designations, including majority-minority and CRA-eligible areas. A built-in map brings each loan officer’s footprint to life, and users can also access contact details for the buy-side and sell-side real estate agents involved in each loan.
  • Lender Profile
    Gives IMBs, credit unions and banks a competitive edge by offering visibility into peer institutions’ market share, loan production and growth trends. Lenders can identify their competitors’ top-performing loan officers, analyze referral sources and assess market positioning to refine their marketing and partner strategies.
  • Real Estate Agent Profile
    Strengthens referral partnerships by providing line of sight into agent listing data and market influence. Users can filter by geography, agent role, property type and listing status. They can also rank agents by transaction volume, track trends over time, map activity and identify the loan officers and financial institutions agents collaborate with to uncover new business opportunities.
  • Builder Profile
    Simplifies builder partnership analysis with a comprehensive view of builder production data. Users can filter by geography, rank builders by production volume and drill into individual builder activity, including their affiliated real estate agents, loan officers and mortgage companies. This dashboard is particularly valuable for loan officers specializing in new construction, helping them identify strategic partnership opportunities and competitive advantages in key markets.

“iEmergent’s market intelligence dashboards enable lenders to create beautiful, precise market and competitive analyses in seconds, no matter their level of data expertise,” said iEmergent CEO Laird Nossuli. “And because iEmergent’s market intelligence is designed to inform real-world growth strategies, we’ve made it a breeze to put data into action by sharing dashboards with colleagues and business partners.”

“Whether it’s operational leaders assessing competitive position, recruiters identifying top loan officers or loan officers strengthening referral partnerships, our dashboards deliver dynamic, actionable insights in seconds,” added COO Bernard Nossuli. “By making critical data more accessible, we’re helping lenders make smarter decisions, faster.”

iEmergent will expand its dashboard offerings in March with the launch of a HMDA Analysis dashboard lenders can use to explore 2024 Home Mortgage Disclosure Act data. Additional Forecast and Equitable Lending dashboards are also in development and will provide predictive market data and fair lending analysis, respectively.

Future enhancements will include full integration of all dashboards into Mortgage MarketSmart and the ability for lenders to request custom dashboards that can be delivered quickly and cost-effectively, without the lengthy development cycles typical of traditional software projects.

To request a demo of iEmergent’s market intelligence dashboards, visit https://www.iemergent.com/request-demo.

About iEmergent

Founded in 2000, iEmergent provides mortgage lending forecasts and analytics to the lending, housing and real estate industries. The company offers an extensive variety of forecast and market intelligence products, including Mortgage MarketSmart, a visualization tool that helps lenders quantify how mortgage markets will change. For more information, visit https://www.iemergent.com/.

X/Twitter: @iemergent #lending #mortgage #mortgagelending #bi

NEWS SOURCE: iEmergent


This press release was issued on behalf of the news source (iEmergent), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

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NotaryCam Drives Digital Transformation with Record Growth in 2024

HOUSTON, Texas, Jan. 28, 2025 (SEND2PRESS NEWSWIRE) — NotaryCam®, a Stewart-owned company and leading remote online notarization (RON) provider for real estate and legal transactions, announced a milestone year in 2024, having completed more than 154,000 RON transactions. The company also experienced a 26% increase in loss mitigation-related RON transactions through its real estate vertical, reflecting its ability to address lenders’ needs for efficient borrower support.

NotaryCam Drives Digital Transformation with Record Growth in 2024
Image caption: NotaryCam Drives Digital Transformation with Record Growth in 2024.

“2024 has been a pivotal year for NotaryCam as we’ve embraced new opportunities and tackled industry challenges head-on,” said Brian Webster, president of NotaryCam. “Through the expansion of our platform, enhancements to client support, and unwavering commitment to innovation, we’re empowering lenders, title companies and borrowers to fully embrace the digital transformation of real estate and mortgage closings.”

NotaryCam achieved key state approvals in South Dakota and California, paving the way for expanded digital notarization capabilities nationwide. This growth enabled the company to onboard more than 75 new clients and extend its services across multiple verticals.

Among its most notable 2024 achievements, NotaryCam:

  • Launched its “Done For You” eClosing program, providing seamless transitions to full digital closings, complete with eNote creation and secure eVault options.
  • Enhanced platform features with integrations like DocMagic, reducing document error rates and improving signing accuracy through conditional annotations and grouped tags.
  • Maintained an industry-leading Net Promoter Score (NPS) of 86, based on over 23,000 responses with an average score of 9.5, reflecting exceptional customer satisfaction.

NotaryCam’s 2024 accomplishments continue positioning the company as a trusted partner for digital notarization and mortgage eClosing solutions, supported by its scalable, MISMO-certified eClose360® platform. With advanced features, including automated tagging, secure signing rooms and integration flexibility, the platform has become a benchmark for reliability and efficiency in the industry.

About NotaryCam, a Stewart Company

NotaryCam, a Stewart-owned company, is a leader in online notarization and mortgage eClosing solutions, having notarized documents worldwide for more than a million customers. The company’s eClose360® platform delivers the “perfect” online mortgage closing in every allowable jurisdiction and supports all eClosing scenarios with a flexible workflow for document recording and unparalleled identity verification, security and customer convenience. In addition to real estate transactions, NotaryCam provides RON services to many Fortune 500 companies as well as small and midsize businesses. The company also proudly maintains an industry-leading 99.8 percent customer satisfaction rating and the highest Net Promoter Score (NPS) amongst the best global tech brands.

Visit https://www.notarycam.com for additional information or to get a document notarized today.

NEWS SOURCE: NotaryCam Inc.


This press release was issued on behalf of the news source (NotaryCam Inc.), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

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The Big Picture webcast dives into housing finance reform with Mark A. Calabria as January 30 guest

CLEVELAND, Ohio, Jan. 27, 2025 (SEND2PRESS NEWSWIRE) — Top mortgage industry webcast The Big Picture, hosted by Rich Swerbinsky and Rob Chrisman and broadcast live every Thursday at 3 pm ET, this week features Mark A. Calabria, a senior advisor at nonpartisan public policy research organization the Cato Institute and former director of the Federal Housing Finance Agency (FHFA). Drawing on his decades of experience shaping U.S. economic policy, Calabria will share insights into the federal policymaking process, including the incoming presidential administration’s plans to remove Fannie Mae and Freddie Mac from government conservatorship, and discuss strategies for addressing the challenges facing housing finance today.

The Big Picture webcast dives into housing finance reform with Mark A. Calabria
Image caption: The Big Picture webcast dives into housing finance reform with Mark A. Calabria.

Calabria provides strategic input and direction on federal economic policy at the Cato Institute. Previously, he served as Cato’s director of financial regulation, in which role he co-founded the organization’s Center for Monetary and Financial Alternatives. During his tenure as director of the FHFA, Calabria oversaw the agency’s response to COVID-19 and laid the groundwork for the anticipated privatization of Fannie Mae and Freddie Mac.

Before heading the FHFA, Calabria served as Vice President Mike Pence’s chief economist. He led initiatives on taxes, trade, labor, financial services, manufacturing and general economic issues in this role. Calabria was a key contributor to enacting the Tax Cuts and Jobs Act of 2017 and the United States-Mexico-Canada trade agreement. He also represented the vice president in the U.S.-Japan Economic Dialogue, emphasizing his broad expertise in international economic relations.

Calabria’s episode will broadcast live on Thursday, January 30, at 3 p.m. ET. Visit http://watchthebigpicture.com to register and view an archive of past episodes.

About The Big Picture:

Co-hosted by renowned mortgage industry leader Rich Swerbinsky and capital markets expert Rob Chrisman—author of the widely acclaimed Chrisman Commentary newsletter, the go-to source for industry news, sharp insights and a wry perspective – The Big Picture webcast offers a weekly deep dive into the forces shaping the mortgage world. Drawing on their extensive expertise and featuring compelling guests, the webcast delivers valuable perspectives and actionable insights for anyone seeking to understand the dynamics of the mortgage industry better. Visit watchthebigpicture.com to subscribe.

Tags: @CatoInstitute #mortgage #housingfinance #economicpolicy #financialregulation #policyinsights

NEWS SOURCE: The Big Picture Mortgage Webcast


This press release was issued on behalf of the news source (The Big Picture Mortgage Webcast), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

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Dark Matter Technologies announces agenda for second annual Horizon User Conference

Annual user conference to take place April 22-24, at the Omni Amelia Island Resort and Spa

JACKSONVILLE, Fla., Jan. 27, 2025 (SEND2PRESS NEWSWIRE) — Dark Matter Technologies (Dark Matter®), an innovative leader in mortgage technology, today announced the agenda for its Horizon User Conference. Exclusive to Dark Matter clients and partners, the conference will take place at the Omni Amelia Island on April 22-24.

Dark Matter Technologies
Image caption: Dark Matter Technologies.

Set against the Atlantic oceanfront, Horizon brings Dark Matter’s diverse client base together for three days of sessions and networking events led by industry leaders and Dark Matter’s team of mortgage technology experts.

Highlights from the event agenda include:

  • Industry Outlook Keynote: Trends and Insights for 2025 — Logan Mohtashami, lead analyst for HousingWire and housing finance expert, will highlight key market trends.
  • A Look into the Future: Our New Product Roadmap — Dark Matter leaders will provide exclusive early insight into what’s new and what’s on the horizon.
  • Fireside Chat: Thriving in 2025 — Dark Matter customers share how they are laying the groundwork for success in 2025.
  • Automation and AI Advancements — Product experts will highlight how automation and AI assistants are driving efficiency and reduced origination costs across Dark Matter’s suite of products.

“We are excited to welcome our clients and partners to Amelia Island for another inspiring Horizon User Conference,” said Sean Dugan, incoming CEO of Dark Matter Technologies. “This year’s agenda reflects our commitment to fostering innovation and empowering our clients with the knowledge and connections they need to excel in an ever-evolving mortgage landscape. From HousingWire’s, Logan Mohtashami’s keynote, to interactive sessions and networking opportunities, we’ve designed a program to spark ideas and build momentum for the year ahead.”

For more information and to register for the Horizon User Conference, visit: https://dmatter.com/horizon/.

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry’s leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders, servicers and companies nationwide. For more information, visit https://www.dmatter.com.

Logo link for media: https://dmatter.com/wp-content/uploads/dark-matter-tech-logo.svg

Tags: @dmattertech #mortgagetechnology #fintech

NEWS SOURCE: Dark Matter Technologies


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The Mortgage Collaborative Appoints Jodi Hall as New CEO and President

SAN DIEGO, Calif., Jan. 24, 2025 (SEND2PRESS NEWSWIRE) — The Mortgage Collaborative (TMC), the nation’s leading network of independent mortgage lenders, banks, credit unions, and service providers, is proud to announce the appointment of Jodi Hall as its new Chief Executive Officer and President.

The Mortgage Collaborative Appoints Jodi Hall as New CEO and President.
Photo caption: The Mortgage Collaborative Appoints Jodi Hall as New CEO and President.

With nearly 30 years of transformative experience in the mortgage industry, Jodi Hall is a visionary leader known for driving innovation, operational excellence, and organizational growth. As the Founder of DandaRoad, LLC, she has played a key role in modernizing mortgage processes and advising lenders on cutting-edge technology solutions. Previously, she held pivotal leadership positions at CrossCountry Mortgage and Nationwide Mortgage Bankers, where she helped scale operations to multibillion-dollar production levels.

“We couldn’t be more thrilled to have Jodi on board,” said Jim Park, Interim CEO and Co-Founder of TMC. “Her knack for innovation, her leadership skills, and her dedication to lifting others up make her the perfect person to help write TMC’s next chapter.”

In her new role, Hall will steer TMC’s operations, spearhead new initiatives, and amplify the organization’s value proposition to its members. A dedicated advocate and longtime collaborator, she has been instrumental in expanding the TMC network, connecting numerous organizations, and championing its mission every step of the way.

“I am honored to join TMC as CEO and President,” said Hall. “I’ve always believed that a commitment to innovation and action drives success in this industry. My focus at TMC will mirror what has been consistent throughout my career: creating an ecosystem where collaboration fuels growth. Lenders and vendor partners are stronger when we are empowered and equipped to solve problems together.”

For more information about TMC, visit https://www.mortgagecollaborative.com/.

About The Mortgage Collaborative:

The Mortgage Collaborative (TMC) is a member-driven organization dedicated to empowering mortgage lenders across the U.S. through networking, education, and advocacy. By fostering an environment of collaboration and innovation, TMC supports the success of its members, ensuring they thrive in a rapidly evolving industry. For more information, visit www.mortgagecollaborative.com.

NEWS SOURCE: The Mortgage Collaborative


This press release was issued on behalf of the news source (The Mortgage Collaborative), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

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LenderLogix Q4 2024 Homebuyer Intelligence Report Data Indicates Possible Improvement in Affordability

The LenderLogix 2024/Q4 Homebuyer Intelligence Report Data Indicates Possible Improvement in Affordability

BUFFALO, N.Y., Jan. 21, 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 fourth quarter (Q4) of 2024.

LenderLogix
Image caption: LenderLogix.

Pre-Approvals

In Q4 2024, borrowers generated 37,831 pre-approval letters through LenderLogix’s QuickQual pre-approval platform, a 23.4% decrease from Q3 2024. The average number of pre-approved borrowers per loan officer decreased from 28.5 in Q3 2024 to 23 in Q4 2024.

The average pre-approval letter loan amount slightly decreased from $388,215 in Q3 to $322,532 in Q4. The average sales price also decreased from $446,390 to $376,436. The average down payment size shows a marginal increase from 13% in Q3 to 14.3%.

Conventional loans remained the most popular loan type for pre-approved borrowers in Q4, though decreasing slightly from 76% to 74.3% in the prior quarter. FHA pre-approvals increased somewhat from 17.9% to 19.1%. VA (4%) and USDA (1%) maintained their share from Q3 to Q4 2024.

“The overall decrease and drop in pre-approvals was expected in Q4 as this is historically a lower-volume quarter overall,” said LenderLogix Co-Founder and CEO Patrick O’Brien. “However, the decrease in average sales price is a promising sign for affordability and may indicate a potential increase in mortgage-ready borrowers as the new year begins.”

Borrower Conversion

Of the borrowers using QuickQual in Q3 2024, the average number of days between pre-approval and loan submission held steady at 91 days in Q4. The most prolonged duration between pre-approval and application increased by fifty-seven days from 593 in Q3 to 650 in Q4. The conversion rate from borrowers using QuickQual to loan application decreased slightly from 56% to 54% in Q4. Borrowers generated an average of eight pre-approval letters before converting.

“Despite a large increase in the longest duration between pre-approval and application, the average duration remained the same,” O’Brien noted. “Thus, loan officers can, on the whole, expect borrowers to continue moving through the pipeline steadily and should be prepared to accommodate them.”

Data from LenderLogix Homebuyer Intelligence Report is available to the industry free of charge. To learn more about LenderLogix, visit www.lenderlogix.com.

About LenderLogix

LenderLogix leverages the four decades of firsthand mortgage origination and real estate experience of its executive team to design customized software to meet the needs of today’s mortgage lenders. The company’s suite of products addresses the speed at which today’s real estate market moves by delivering technology solutions that create agile and informed borrowers, build strong referral partners and ultimately save lenders time and money. For more information, visit

NEWS SOURCE: LenderLogix


This press release was issued on behalf of the news source (LenderLogix), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/lenderlogix-q4-2024-homebuyer-intelligence-report-data-indicates-possible-improvement-in-affordability/

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172 new homebuyer assistance programs and 75 new program providers emerged in 2024 to tackle homeownership affordability

Down Payment Resource's Q4 2024 HPI Report finds 2,466 homebuyer assistance programs available to support U.S. homeownership

ATLANTA, Ga., Jan. 21, 2025 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q4 2024 Homeownership Program Index (HPI) report. The report saw the number of homebuyer assistance programs increase by 172 and the number of entities offering them increase by 75 year-over-year (YoY), bringing the total number of available programs to 2,466.

Down Payment Resource's Q4 2024 HPI Report
Image caption: Down Payment Resource’s Q4 2024 HPI Report.

“We are pleased to see state and local agencies adapting to the current and ongoing housing affordability crisis by adding new programs and expanding their criteria to allow for the purchase of multi-family and manufactured housing,” said Rob Chrane, founder and CEO of DPR. “We’re also seeing more flexibility in how funds can be used — a down payment, closing costs or buying down their interest rate. In a market with few homes for sale and escalating prices, down payment assistance has become vital for many buyers in helping them to become homeowners and start building wealth through equity.”

KEY HPI REPORT FINDINGS

An examination of the existing 2,466 homebuyer assistance programs on January 8, 2025, resulted in the following key findings:

  • The number of U.S. homebuyer assistance programs increased by 22 over the past quarter. This represents a 1% increase over the previous quarter, and a 7% YoY increase.
  • Grants accounted for the largest share of program gains YoY. The most substantial YoY gains were seen in grant programs (50), combined assistance programs (49), and below-market-rate (BMR)/resale-restricted programs (21).
  • Local housing finance agencies added the most programs in 2024. Local housing finance agencies introduced 72 programs in Q4 2024, a 60% YoY increase. Nonprofits added 50 programs, and municipalities added 46 programs during this period.
  • Rise in multi-family and manufactured housing programs continues: Programs supporting multi-family purchases increased by 17% YoY, rising from 686 in Q4 2023 to 805 in Q4 2024. Similarly, programs for manufactured housing grew by 14% YoY, from 804 in Q4 2023 to 914 in Q4 2024.
  • 2024 concluded with 196 programs offering incentives for special groups. 68 programs offer special funding for educators, 54 programs for protectors, 49 programs for military Veterans, 47 programs for firefighters, 44 programs for healthcare workers, and 47 for Native Americans.

A more detailed analysis of the Q4 2024 HPI findings, including infographics and examples of the programs described in this release, can be found on DPR’s website at https://downpaymentresource.com/professional-resource/2025-kicks-off-with-record-number-of-homebuyer-assistance-programs/.

For a complete list of homebuyer assistance programs by state, visit https://downpaymentresource.com/wp-content/uploads/2025/01/HPI-state-by-state-data.Q42024-1.pdf.

METHODOLOGY

Published quarterly, DPR’s HPI surveys the funding status, eligibility rules and benefits of U.S. homebuyer assistance programs administered by state and local housing finance agencies, municipalities, nonprofits and other housing organizations. DPR communicates with over 1,300 program providers throughout the year to track and update the country’s wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates (MCCs) and affordable first mortgages, in the DOWN PAYMENT RESOURCE® database.

About Down Payment Resource:

Down Payment Resource (DPR) is the housing industry authority on homebuyer assistance program data and solutions. With a database that tracks more than 2,400 programs and toolsets for mortgage lenders, multiple listing services (MLSs) and API users, DPR helps housing professionals connect homebuyers with the assistance they need. DPR frequently lends its expertise to nonprofits, housing finance agencies, policymakers, government-sponsored enterprises and trade organizations seeking to improve housing affordability. Its technology is used by seven of the top 25 mortgage lenders, the three largest real estate listing websites and 600,000 real estate agents. For more information, visit https://downpaymentresource.com/.

X: @DwnPmtResource #downpaymentassistance #affordabilitycrisis #housingaffordability #mortgage #housingequity #downpayment

NEWS SOURCE: Down Payment Resource


This press release was issued on behalf of the news source (Down Payment Resource), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

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Mortgage Capital Trading (MCT) Unveils MSRlive! 4.0 – Offering Ground-Breaking Enhancements to MSR Reporting and Transparency

SAN DIEGO, Calif., Jan. 16, 2025 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading (MCT), the de facto leader in innovative mortgage capital markets technology, today announced the release of MSRlive! 4.0, a groundbreaking enhancement to its mortgage servicing rights (MSR) valuation platform. The latest version offers mortgage servicers an unprecedented level of transparency and business intelligence, equipping portfolio managers with powerful new tools to assess and optimize their portfolios.

Mortgage Capital Trading (MCT) Unveils MSRlive! 4.0
Image caption: Mortgage Capital Trading (MCT) Unveils MSRlive! 4.0.

With MSRlive! 4.0, portfolio managers gain direct insight into the key drivers behind valuation changes over time. The enhanced reporting offers a clear, intuitive view of risk exposure, allowing managers to identify and address potential vulnerabilities with ease. These advancements are a major leap forward for the industry, which has long sought more precise, accessible, and actionable analytics.

“We have listened to our clients and successfully built the reporting they need to analyze their portfolios with confidence,” said Bill Shirreffs, Head of MSR Services at MCT. “The essential elements are incorporated into the analytical reporting, with the ability to pull back the hood and see exactly what’s driving the valuation results.”

The enhanced reporting delivers a behind-the-scenes perspective of mortgage servicing portfolios, offering in-depth analysis that includes factors such as:

  • Valuation Assumptions
  • Breakeven Analysis
  • Duration and Convexity
  • Rate of Return on Investment
  • Cash Flow Summary Analysis

This added transparency enables portfolio managers to better understand portfolio performance and valuation drivers. The advanced summary reporting provides comprehensive, digestible insights, allowing for more confident decision-making and faster response to various market changes.

The launch of MSRlive! 4.0 solidifies MCT’s position as the industry leader in mortgage capital markets technology. Its innovative combination of enhanced data access and user-friendly analytics raises the bar for portfolio transparency, allowing users to quickly assess performance and valuation shifts at both a macro and granular level.

Shirreffs added, “Our clients now have a reporting system that’s not just powerful but also transparent. For the first time, they have the tools to make sense of the drivers behind period over period valuation changes — in a way that no other MSR portfolio management platform in the industry can offer.”

The industry’s growing need for deeper analytical insight and control is met head-on by MSRlive! 4.0. As portfolio managers strive to optimize their strategies in a rapidly shifting market, this release offers a decisive advantage with its enhanced precision, actionable intelligence, and ease of use.

To learn more about MSRlive! 4.0 or schedule a demo, contact MCT.

Read the press release: https://mct-trading.com/press-release/mct-unveils-msrlive-4/

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT’s stewardship. MCT’s technology and know-how continue to revolutionize how mortgage assets are priced, locked, hedged, traded, and valued – offering clients the tools to perform under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

MEDIA CONTACT:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net

IMAGE URL: https://mct-trading.com/wp-content/uploads/2025/01/msrlive-4.0-pr.png

NEWS SOURCE: Mortgage Capital Trading Inc.


This press release was issued on behalf of the news source (Mortgage Capital Trading Inc.), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/mortgage-capital-trading-mct-unveils-msrlive-4-0-offering-ground-breaking-enhancements-to-msr-reporting-and-transparency/

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MCT Reports 16% Decrease in Mortgage Lock Volume Amid Market Dynamics

SAN DIEGO, Calif., Jan. 14, 2025 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today a 16.7% decrease in mortgage lock volume compared to the previous month. Industry professionals and market enthusiasts are encouraged to download the complete report to gain comprehensive insights into the evolving market dynamics.

MCT Lock Volume Indices
Image caption: Lock Volume for December by Transaction Type.

December’s mortgage activity saw a slight uptick in refinance production. However, this increase was not enough to significantly impact overall production levels. The majority of December’s mortgage activity stemmed from purchase volume, reflecting a consistent trend in the current housing market.

“The Fed is expected to hold rates steady for longer as we continue to see a strong jobs market coupled with lowering inflation,” stated Andrew Rhodes, Senior Director and Head of Trading at MCT. “As we move into 2025, nonfarm payroll and the Consumer Price Index (CPI) will continue to be critical data points providing insight into any potential rate cuts. However, the more immediate focus is on the incoming administration policy changes and their effect on the market.”

The market is currently pricing in an expectation of higher mortgage rates for a longer period, influenced by stronger-than-expected nonfarm payroll numbers and the conservative nature of the Federal Reserve’s dot plot projections.

MCT’s latest report offers an in-depth analysis of these factors, providing valuable insights to lenders, investors, and industry stakeholders as they navigate the shifting mortgage landscape.

MCT’s Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT’s national footprint.

Report: https://mct-trading.com/press-release/mct-reports-16-decrease-in-mortgage-lock-volume-amid-market-dynamics/

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT’s stewardship. MCT’s technology and know-how continue to revolutionize how mortgage assets are priced, locked, hedged, traded, and valued – offering clients the tools to perform under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

MEDIA CONTACT:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net

MULTIMEDIA:

IMAGE LINK for media: https://mct-trading.com/wp-content/uploads/2025/01/mct-lock-volume-indices-39.png

Image caption: Lock Volume for December by Transaction Type.

NEWS SOURCE: Mortgage Capital Trading Inc.


This press release was issued on behalf of the news source (Mortgage Capital Trading Inc.), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/mct-reports-16-decrease-in-mortgage-lock-volume-amid-market-dynamics/

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ACES Increases Financial Services QC Audit Volume by 15% in 2024, Expands New Client Acquisition by 66%

DENVER, Colo., Jan. 14, 2025 (SEND2PRESS NEWSWIRE) — ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, has sought to support its customers through turbulent market conditions by providing critical technology innovations to its quality control audit suite. The critical enhancements ACES made throughout the year helped support a 15% year-over-year increase in quality control audits conducted across its customer base and achieved 66% growth in new client acquisition.

ACES Quality Management
Image caption: ACES Quality Management.

In 2024, ACES:

  • Conducted more than 8.8 million quality-focused audits.
  • Made over 23,000 changes to the ACES Managed Questionnaires, representing a 153% increase over the previous year.
  • Reviewed 237 regulatory publications.
  • Added 454 articles to its free Compliance NewsHub, a boost of about 10% over the number published in 2023, along with publishing over 138 calendar items.
  • Awarded 60 clients official recognition for successfully completing the Certified ACES Administrator (CAA) Program.
  • Continued to deliver its free Mortgage QC Industry Trends Reports and QC Now webinars to keep financial professionals informed on the latest industry regulatory, compliance and defect trends.

Also in 2024, ACES migrated to a new cloud-based Data Import Tool. Now, customers can seamlessly import data into ACES with a wide range of file options. Additionally, ACES introduced a new feature that allows customers to customize their data retention policies, streamlining compliance and data management to meet industry standards. ACES’ latest product innovation, ACES DATABRIDGE, lets customers use ACES Audit data to support reporting goals, configuring and exporting data to access exactly what they need, when they need it.

To support reverification processes, ACES expanded its library of vendor integrations, adding more sources to reduce manual intervention and boost efficiency. The ACES team rounded out the year by extending state regulatory coverage in mortgage servicing and origination, adding over 2,000 new regulatory test questions to support compliance at the state level.

Other key product releases and enhancements include:

“As we step into 2025, I’m thrilled to reflect on the remarkable year of innovation ACES has had,” said ACES CEO Trevor Gauthier. “Though the outlook is uncertain and difficult to predict, prioritizing loan quality and risk management will help lenders bolster profits and reduce scrutiny. With the enhancements and tools we developed in 2024, ACES will be there to support our customers’ compliance goals and quality standards even in turbulent markets.”

ACES added over 20 top lenders including one of the largest banks in the U.S., top 10 credit unions and national service providers. Specifically, ACES expanded its credit union network with the addition of 10 institutions, such as Arizona Financial Credit Union, Lake Michigan Credit Union, and State Employees Credit Union of North Carolina.

Additional 2024 achievements for ACES include:

About ACES Quality Management

ACES Quality Management is the leading provider of enterprise quality management and control software for the financial services industry. The nation’s most prominent lenders, servicers and financial institutions rely on ACES Quality Management & Control Software® to improve audit throughput and quality while controlling costs, including:

  • 70% of the top 20 independent mortgage lenders;
  • 7 of the top 10 loan servicers;
  • 11 of the top 30 banks; and
  • 3 of the top 5 credit unions in the United States.

Unlike other quality control platforms, only ACES delivers Flexible Audit Technology, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ACES clients get responsive support and access to our experts to maximize their investment. For more information, visit https://www.acesquality.com/ or call 1-800-858-1598.

NEWS SOURCE: ACES Quality Management


This press release was issued on behalf of the news source (ACES Quality Management), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

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December Mortgage Lock Data Reveals Year-Over-Year Increases Across All Loan Types Despite Seasonal Downturn

Optimal Blue's December 2024 Market Advantage report highlights annual mortgage production gains and record low conforming loan share

PLANO, Texas, Jan. 14, 2025 (SEND2PRESS NEWSWIRE) — Optimal Blue today released its December 2024 Market Advantage mortgage data report, showcasing year-over-year (YoY) growth in mortgage activity, even as seasonal trends led to a month-over-month (MoM) decline in rate lock volumes. Overall, December mortgage lock volume was up 26% YoY, driven by an 18% increase in purchase locks, a 43% rise in cash-out refinances, and an 82% jump in rate-and-term refinances.

Optimal Blue December 2024 Market Advantage report
Image caption: Optimal Blue December 2024 Market Advantage report.

“December’s data illustrates how the market can adapt to shifting conditions,” said Brennan O’Connell, director of data solutions at Optimal Blue. “While a seasonal dip was expected, the year-over-year growth reflects resilience and an increasing demand for refinance opportunities driven by rate adjustments. Notably, conforming loan share has hovered around historic lows for the past five months, hitting 51% last month. This trend illustrates how borrowers are relying increasingly on government and non-conforming loans to finance in a challenging market.”

Key findings from the Market Advantage report, derived from direct-source mortgage lock data, include:

  • Rates fluctuate, ending December higher: After initial declines, rates rose throughout the month. The Optimal Blue Mortgage Market Indices (OBMMI) 30-year conforming rate ended December at 6.83%, up 16 bps from the end of November. FHA and VA rates followed suit, rising 14 bps and 18 bps, respectively. Jumbo rates fell slightly, ending just below 7%.
  • Refinance activity spikes: The share of refinance locks climbed to 24%, the highest since September. Rate-and-term refinances surged 33% MoM, while cash-out refinances saw a 3% decline. Purchase volumes dropped 13% MoM, in line with seasonal norms, while cash-out refinances decreased 3%.
  • Production mix shifts continue: The conforming loan share dropped another 1.5% MoM to 51%, the lowest figure since Optimal Blue began reporting lock data in January 2018, marking continued movement away from GSE-eligible products. FHA, VA, and non-conforming loans gained ground, with FHA locks rising to 21%, VA at nearly 11.5%, and non-conforming loans at 16%.
  • Purchase credit quality hits seven-year high: Average homebuyer credit scores were higher each month in 2024 than the previous 72 months.
  • MoM credit trends are stable: Average credit scores for purchase and rate-and-term refinance locks fell by 2 points to 737 and 727, respectively. Cash-out refinance scores rose slightly, increasing by 2 points to 697.
  • Loan amounts plateau as home prices decline: The average loan amount rose by $500 to $376.9K, while average home purchase prices dropped $4.1K to $473.7K.

The full Market Advantage report, which provides more detailed findings and additional insights into U.S. mortgage market trends, can be viewed at: https://www2.optimalblue.com/wp-content/uploads/2025/01/OB_MarketAdvantage_MortgageDataReport_Dec2024.pdf

This month’s Market Advantage podcast features Shant Banosian, executive vice president of sales at Rate, as a guest commentator. Access the podcast: https://market-advantage.captivate.fm/listen.

About the Market Advantage Report

Optimal Blue issues the Market Advantage mortgage data report each month to provide early insight into U.S. mortgage trends. Leveraging lender rate lock data from the Optimal Blue PPE – the mortgage industry’s most widely used product, pricing, and eligibility engine – the Market Advantage provides a view of early-stage origination activity. Unlike self-reported survey data, mortgage lock data is direct-source data that accurately reflects the in-process loans in lenders’ pipelines.

Nothing herein shall be construed as, nor is Optimal Blue providing, any legal, trading, hedging, or financial advice.

About Optimal Blue

Optimal Blue effectively bridges the primary and secondary mortgage markets to deliver the industry’s only end-to-end capital markets platform. The company helps lenders of all sizes and scopes maximize profitability and operate efficiently so they can help American borrowers achieve the dream of homeownership. Through innovative technology, a network of interconnectivity, rich data insights, and expertise gathered over more than 20 years, Optimal Blue is an experienced partner that, in any market environment, allows lenders to optimize their advantage from pricing accuracy to margin protection, and every step in between. To learn more, visit https://OptimalBlue.com/.

NEWS SOURCE: Optimal Blue


This press release was issued on behalf of the news source (Optimal Blue), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/december-mortgage-lock-data-reveals-year-over-year-increases-across-all-loan-types-despite-seasonal-downturn/

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Mortgage industry webcast The Big Picture spotlights Council of FHLBanks CEO Ryan Donovan as January 16 guest

CLEVELAND, Ohio, Jan. 13, 2025 (SEND2PRESS NEWSWIRE) — Top mortgage industry webcast The Big Picture, hosted by Rich Swerbinsky and Rob Chrisman and broadcast live every Thursday at 3 p.m. ET, next week features Ryan Donovan, president and chief executive officer of the Council of Federal Home Loan Banks, a trade association representing the positions and views of the Federal Home Loan Bank System. Donovan is a seasoned public policy advocate and trade association executive with nearly two decades of experience influencing financial services policy and advancing credit union and housing finance priorities.

Council of FHLBanks CEO Ryan Donovan
Image caption: Council of FHLBanks CEO Ryan Donovan.

Central to Donovan’s role at the Council of FHLBanks is representing the collective interests of the 11 Federal Home Loan Banks to policymakers, regulators, the media and the financial services industry. Incorporated in 1998, the Council serves as the voice of the FHLBank System, ensuring members’ priorities are heard in Washington and beyond. Donovan’s leadership emphasizes collaboration and advocacy to support housing finance and economic development. He has been recognized as a ‘top lobbyist’ multiple times by The Hill, CEO Update and the National Institute for Lobbying and Ethics.

Before leading the Council of FHLBanks, Donovan served as executive vice president and chief advocacy officer at the Credit Union National Association, where he guided a team of more than 100 advocates dedicated to advancing credit union interests. Donovan’s earlier career includes work on Capitol Hill for former House Democratic Leader Richard A. Gephardt (D-MO) and Representative Brad Sherman (D-CA). He is a graduate of the National Credit Union Foundation’s Credit Union Development Education program with a master’s degree in government from Johns Hopkins University and a bachelor of science in political science from Truman State University.

Donovan’s episode will broadcast live on Thursday, January 16, at 3 p.m. ET. Visit watchthebigpicture.com to register and view an archive of past episodes.

About The Big Picture

Co-hosted by renowned mortgage industry leader Rich Swerbinsky and capital markets expert Rob Chrisman—author of the widely acclaimed Chrisman Commentary newsletter, the go-to source for industry news, sharp insights and a wry perspective—The Big Picture webcast offers a weekly deep dive into the forces shaping the mortgage world. Drawing on their extensive expertise and featuring compelling guests, the webcast delivers valuable perspectives and actionable insights for anyone seeking to better understand the dynamics of the mortgage industry. Visit watchthebigpicture.com to subscribe.

Tags: @FHLBanksVoice #mortgage #housingfinance

NEWS SOURCE: The Big Picture Mortgage Podcast


This press release was issued on behalf of the news source (The Big Picture Mortgage Podcast), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

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Polly and CapitalW Collective Align to Support Women in Mortgage Capital Markets

SAN DIEGO, Calif., Jan. 10, 2025 (SEND2PRESS NEWSWIRE) — CapitalW Collective, a trailblazing non-profit dedicated to advancing women and their allies in mortgage capital markets, proudly announces Polly as its first product and pricing engine (PPE) Diamond-level corporate sponsor. This alliance underscores CapitalW Collective’s mission “to create more inclusive and dynamic mortgage capital markets, one woman and ally at a time.”

CapitalW Collective
Image caption: CapitalW Collective.

United for Industry Transformation

Polly, a leading provider of innovative mortgage capital markets technology and operator of the industry’s first and only cloud-native, commercially scalable product and pricing engine (PPE), shares CapitalW Collective’s commitment to educating, elevating, and empowering underrepresented groups within the mortgage capital markets vertical.

“We are ecstatic to welcome Polly as a corporate sponsor and partner,” said Amy Creason, Co-founder and Board Member of CapitalW Collective. “As a true pioneer in mortgage capital markets, Polly has been instrumental in transforming analysis, accuracy, and automation within mortgage technology. Their support of CapitalW Collective’s efforts to encourage more women to explore this important segment of the mortgage industry and champion the development of underrepresented groups is inspiring.”

Empowering Through Support

As a Diamond-level corporate sponsor and ally, Polly will offer impactful support with educational resources and broaden platforms that unite advocates throughout the industry. Additionally, Polly’s expertise will enrich CapitalW Collective’s initiatives to drive significant industry-wide progress.

Adam Carmel, Founder and CEO of Polly, shared: “It is a great honor to partner with and support CapitalW Collective’s mission to educate, elevate, and empower. It is powerful and important.” As part of the collaboration, Polly leaders Cheryl Messner, Drew Martinez, Jackie Studdert, Melanie (Simmer) Power, and Samantha MacKendrick will be advocates for CapitalW Collective’s initiative, participating in educational webinars, supporting career development and mentorship opportunities, and more.

About CapitalW Collective

CapitalW Collective is a 501(c)(3) non-profit comprised of female capital markets professionals and their allies that fosters an environment of learning, growth, recognition, and achievement. The organization is dedicated to supporting women in mortgage capital markets through a range of programs designed to foster leadership, professional development, and networking opportunities.

For more information, visit https://capitalwcollective.org/.

NEWS SOURCE: CapitalW Collective


This press release was issued on behalf of the news source (CapitalW Collective), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

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Mortgage Machine Services Fully Integrates AI-Powered Pricing Engine into Proprietary LOS

ADDISON, Texas, Jan. 8, 2025 (SEND2PRESS NEWSWIRE) — Mortgage Machine Services (Mortgage Machine), an industry leader in digital origination technology to residential mortgage lenders, announced that it now offers an artificial intelligence (AI)-powered pricing engine. The pricing engine ingests and updates pricing for a lender’s investors and aggregators automatically. With granular controls for administrators, including global and product-level pricing adjustments, real-time lock controls, and mark-to-market tracking against current market conditions, lenders can streamline secondary market processes.

Mortgage Machine
Image caption: Mortgage Machine Services.

“Our clients are already delivering outstanding feedback,” said COO James Cassinelli. “One client told us that the pricing engine provides great benefits and increases efficiency by reducing the friction introduced by pairing a separate pricing engine with an LOS. Instead of updating pricing details between two different solutions, loan officers can do it all in one.”

Using the pricing engine, loan officers can compare rates and see principal and interest breakdowns without switching screens or performing manual calculations. The pricing engine’s Best X feature allows users to efficiently identify the most competitive rates for their borrowers.

“We see the pricing engine as a necessity, rather than the bow on top,” said Cassinelli. “We have fully integrated the engine with Mortgage Machine’s loan origination system at no extra cost to our LOS users.”

To learn more about Mortgage Machine, visit https://www.mmachine.net/who/.

About Mortgage Machine™ Services, Inc.

Mortgage Machine™ is an industry leader in transforming residential mortgages using a range of digital solutions. Drawing on its extensive industry knowledge and advanced technology infrastructure, the company has been innovating in financial markets since 2007. Today, its flagship LOS product utilizes intelligent automation, configurable business workflows and a cloud-based infrastructure to optimize the entire loan lifecycle. By consolidating retail, wholesale, correspondent and home equity lending onto a single platform, Mortgage Machine™ enables lenders of all sizes to reduce cycle times, costs and risks while improving data quality and borrower satisfaction. Visit https://www.mmachine.net/ to learn more.

NEWS SOURCE: Mortgage Machine Services Inc.


This press release was issued on behalf of the news source (Mortgage Machine Services Inc.), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

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Mortgage industry podcast The Big Picture with Rich Swerbinsky and Rob Chrisman welcomes Floify President Sofia Rossato as January 9 guest

CLEVELAND, Ohio, Jan. 6, 2025 (SEND2PRESS NEWSWIRE) — Top mortgage industry podcast The Big Picture, broadcast live every Thursday at 3 p.m. ET, this week features technology executive Sofia Rossato, president and general manager of Floify, a leading mortgage point-of-sale solution and subsidiary of Porch Group, Inc. A respected proptech and fintech executive with more than 20 years’ experience growing companies in startup and large corporate environments, Rossato brings a market-tested perspective to the challenges and opportunities mortgage lenders contend with during the U.S. housing industry’s fluctuations.

Floify President Sofia Rossato
Image caption: Floify President Sofia Rossato.
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Central to Rossato’s career is her championship of features that improve homeownership accessibility. Under her guidance, Floify became the first mortgage point-of-sale system to offer such features as single sign-on functionality for borrowers and lenders, multilingual subtitles for loan applicants and an ADA-compliant borrower interface. She has also overseen Floify’s rapid rollout of several features designed to help lenders and brokers optimize operations and provide borrowers with outstanding service, such as automated verification of income and employment, the ability to collect applicants’ rent payment history for evaluation by the GSEs and dual automatic underwriting system (AUS) functionality.
​
Prior to leading at Floify, Rossato was managing director and COO for the billion-dollar information division of IHS Markit. She was also CEO of SnapEngage, an omni-channel messaging platform and early adopter of AI.

Rossato’s episode will broadcast live on Thursday, January 9, at 3 p.m. ET.

Visit https://www.watchthebigpicture.com/ to register and view an archive of past episodes.

About The Big Picture:

Co-hosted by renowned mortgage industry leader Rich Swerbinsky and capital markets expert Rob Chrisman—author of the widely acclaimed Chrisman Commentary newsletter, the go-to source for industry news, sharp insights and a wry perspective—The Big Picture podcast offers a weekly deep dive into the forces shaping the mortgage world. Drawing on their extensive expertise and featuring compelling guests, the podcast delivers valuable perspectives and actionable insights for anyone seeking to better understand the dynamics of the mortgage industry. Visit https://www.watchthebigpicture.com/ to subscribe.

Tags: @Floify #mortgage #fintech #financialservices #homeownership #ADACompliance

NEWS SOURCE: The Big Picture Mortgage Podcast


This press release was issued on behalf of the news source (The Big Picture Mortgage Podcast), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

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Dark Matter Technologies Taps Brad Vasto as Chief Revenue Officer

Veteran sales leader brings decades of expertise to drive growth and deepen client relationships at Dark Matter Technologies

JACKSONVILLE, Fla., Jan. 6, 2025 (SEND2PRESS NEWSWIRE) — Dark Matter Technologies (Dark Matter®), an innovative leader in mortgage technology backed by time-tested loan origination software and leadership, today announced the appointment of Brad Vasto as Chief Revenue Officer (CRO). Vasto steps into the role as Sean Dugan, the outgoing CRO, prepares to assume the position of CEO in April 2025, succeeding current CEO Rich Gagliano.

Brad Vasto of Dark Matter Technologies
Photo caption: Dark Matter Technologies Taps Brad Vasto as Chief Revenue Officer.

Vasto brings more than three decades’ experience in mortgage technology sales and mortgage lending to the Dark Matter executive team. Notably, he served as senior vice president and managing director at Black Knight, where he led the sales and business development of the firm’s servicing technologies and was instrumental in growing the MSP servicing system’s dominant footprint. Following Black Knight’s acquisition, Vasto was involved in the organization’s transition as managing director at Intercontinental Exchange (ICE) before joining compliance automation provider Assurity as senior vice president of sales.

“Brad is a proven leader with deep industry expertise and a strong track record of delivering results,” said Dugan. “His leadership philosophy, which emphasizes relationship building, a consultative approach and teamwork, aligns with Dark Matter’s culture of collaboration. I’m confident his ability to understand the unique needs of our clients and deliver tailored solutions will be instrumental in advancing our mission and expanding our market presence.”

As CRO, Vasto will drive revenue growth, strengthen relationships with banks, credit unions and independent mortgage bankers, and lead initiatives to deliver tailored, consultative solutions that meet the evolving needs of lenders. In addition to his extensive technology experience, Vasto’s early career included roles at independent mortgage banks and depository lenders, giving him firsthand knowledge of the challenges and opportunities lenders face.

“I am honored to step into this role and join the exceptional team at Dark Matter Technologies,” said Vasto. “Having worked alongside Sean, Rich, and the team during my time at Black Knight, I know the caliber of this organization and the impact of its solutions. Dark Matter is uniquely positioned to address the evolving needs of today’s lenders and servicers with urgency, and I’m excited to help lead the company into its next phase of growth.”

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry’s leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://www.dmatter.com.

MULTIMEDIA:

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Photo caption: Dark Matter Technologies taps Brad Vasto as Chief Revenue Officer.

Tags: #fintech #financialservices #mortgage

NEWS SOURCE: Dark Matter Technologies


This press release was issued on behalf of the news source (Dark Matter Technologies), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

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Jason Mapes, Floify’s head of sales, named a PROGRESS in Lending Thought Leader

BOULDER, Colo., Jan. 3, 2025 (SEND2PRESS NEWSWIRE) — Floify, the mortgage industry’s leading point-of-sale (POS) solution, today announced that its Head of Sales, Jason Mapes, has been named a 2024 Thought Leader by PROGRESS in Lending (PIL). Now in its fourth year, PIL’s Thought Leader award recognizes industry thought leaders who are not afraid to “step forward and blaze a new trail.”

Jason Mapes Floify head of sales
Image caption: Jason Mapes Floify head of sales.

Mapes’s 23 years of experience in the mortgage industry includes roles in loan origination, branch management and sales at technology firms, including nCino, Ellie Mae (now ICE Mortgage Technology), Unify and Lenders One. Since joining Floify in May 2024, his deep understanding of the mortgage technology ecosystem and relationships with mortgage industry professionals have been instrumental in expanding Floify’s market presence and earning its very high customer satisfaction score of 98.2%.

“Jason is a talented sales executive, and the PIL Thought Leader award is the perfect acknowledgment of his creativity and passion to lead change,” said Sofia Rossato, Floify’s president and general manager. “His ideas are promoting efficiency, transparency, and accessibility, paving the way for a more modern, competitive and inclusive lending landscape.”

“At Floify, we empower lenders of all sizes and stripes with tools that streamline their operations and enable them to adapt swiftly in a dynamic market,” said Mapes. “This recognition is a testament to our vision of making mortgage processing as efficient and hassle-free as possible. We are grateful for this acknowledgment and remain dedicated to continuing our pursuit of excellence and innovation in the mortgage technology space.”

About Floify

Floify is a digital mortgage automation solution that streamlines the loan process by providing a secure application, communication, and document portal between lenders, borrowers, referral partners, and other mortgage stakeholders. Loan originators use the platform to collect and verify borrower documentation, track loan progress, communicate with borrowers and real estate agents, and close loans faster. The company is based in Boulder, Colorado and is a subsidiary of Porch Group, Inc. (“Porch Group”) (NASDAQ: PRCH). For more information, visit the company’s website at https://floify.com/ or on social media at Facebook, LinkedIn, or Twitter / X.

Forward-Looking Statements

Certain statements in this release may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Although the Company believes that its plans, intentions, and expectations reflected in or suggested by these forward-looking statements are reasonable, the Company cannot assure you that it will achieve or realize these plans, intentions, or expectations. Forward-looking statements are inherently subject to risks, uncertainties, assumptions, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Generally, statements that are not historical facts, including statements concerning the Company’s possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends,” or similar expressions.

These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Porch and its management at the time they are made, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) expansion plans and opportunities, and managing growth, to build a consumer brand; (2) the incidence, frequency, and severity of weather events, extensive wildfires, and other catastrophes; (3) economic conditions, especially those affecting the housing, insurance, and financial markets; (4) expectations regarding revenue, cost of revenue, operating expenses, and the ability to achieve and maintain future profitability; (5) existing and developing federal and state laws and regulations, including with respect to insurance, warranty, privacy, information security, data protection and taxation, and management’s interpretation of and compliance with such laws and regulations; (6) the Company’s reinsurance program, which includes the use of a captive reinsurer, the success of which is dependent on a number of factors outside management’s control, along with reliance on reinsurance to protect us against loss; (7) uncertainties related to regulatory approval of insurance rates, policy forms, insurance products, license applications, acquisitions of businesses or strategic initiatives, including the reciprocal restructuring, and other matters within the purview of insurance regulators; (8) reliance on strategic, proprietary relationships to provide the Company with access to personal data and product information, and the ability to use such data and information to increase transaction volume and attract and retain customers; (9) the ability to develop new, or enhance existing, products, services, and features and bring them to market in a timely manner; (10) changes in capital requirements, and the ability to access capital when needed to provide statutory surplus; (11) the increased costs and initiatives required to address new legal and regulatory requirements arising from developments related to cybersecurity, privacy, and data governance and the increased costs and initiatives to protect against data breaches, cyber-attacks, virus or malware attacks, or other infiltrations or incidents affecting system integrity, availability and performance; (12) retaining and attracting skilled and experienced employees; (13) costs related to being a public company; and (14) other risks and uncertainties discussed in Part I, Item 1A, “Risk Factors,” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, and in Part II, Item 1A, “Risk Factors,” in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, as well as those discussed in subsequent reports filed with the Securities and Exchange Commission (“SEC”), all of which are available on the SEC’s website at www.sec.gov.

Nothing in this release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. Unless specifically indicated otherwise, the forward-looking statements in this release do not reflect the potential impact of any divestitures, mergers, acquisitions, or other business combinations that have not been completed as of the date of this release. Porch does not undertake any duty to update these forward-looking statements, whether as a result of changed circumstances, new information, future events or otherwise, except as may be required by law.

X/Twitter: @Floify #brokers #mortgage #fintech

NEWS SOURCE: Floify


This press release was issued on behalf of the news source (Floify), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

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Dovenmuehle Earns FHA Tier 1 Rating from HUD’s Tier Ranking System (TRS) II Scorecard

LAKE ZURICH, Ill., Dec. 19, 2024 (SEND2PRESS NEWSWIRE) — Dovenmuehle Mortgage, Inc., a leader in mortgage subservicing, announced today that it received a Tier 1 Rating from the U.S. Department of Housing and Urban Development (HUD). This rating was awarded for Dovenmuehle’s Federal Housing Administration (FHA) servicing performance under HUD’s Tier Ranking System II (TRS II).

Dovenmuehle Mortgage
Image caption: Dovenmuehle Mortgage.

The TRS II assigns an “A” grade to Tier 1 performers and assesses servicers across multiple performance areas, including early delinquency intervention and Single Family Default Monitoring System (SFDMS) reporting. This top-tier designation highlights Dovenmuehle’s success in meeting FHA standards related to delinquent loan servicing, foreclosure prevention, loss mitigation and reporting requirements. A critical factor in achieving this Tier 1 rating was Dovenmuehle’s 100% Loss Mitigation Engagement score, which reflects the company’s proactive support for borrowers facing financial challenges.

“We take pride in receiving HUD’s Tier 1 rating, as it demonstrates our team’s dedication to high standards in FHA servicing,” said Dovenmuehle Senior Vice President of Default Administration, Ron Malik. “This rating not only reaffirms our team’s commitment to supporting FHA borrowers to help them preserve homeownership during periods of financial difficulties but also reflects our solid compliance practices and disciplined approach to loan servicing. These efforts safeguard our clients’ assets and the taxpayer-supported FHA insurance fund.”

The TRS II Scorecard, issued quarterly by HUD, assesses servicers’ effectiveness in borrower support strategies and adherence to delinquent servicing guidelines. For more information, visit https://www.hud.gov/program_offices/housing/sfh/nsc/trsovrvw.

About Dovenmuehle:

Founded in 1844, Dovenmuehle (Lake Zurich, Ill.) is a mortgage subservicer for commercial banks, credit unions, independent mortgage lenders, MSR investors, and state housing finance agencies nationwide. The company subservices portfolio loans, and loans sold with servicing retained to Fannie Mae, Freddie Mac, Ginnie Mae and the Federal Home Loan Bank. Using a combination of best-in-class and proprietary technology, Dovenmuehle helps lenders reduce servicing costs and deliver consistently high levels of service to homeowners while maintaining compliance with investor and regulatory requirements. Learn more at https://dovenmuehle.com.

NEWS SOURCE: Dovenmuehle


This press release was issued on behalf of the news source (Dovenmuehle), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

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Ryan Kaufman of Informative Research Named to National Mortgage Professional’s 40 Under 40 List

IRVINE, Calif., Dec. 18, 2024 (SEND2PRESS NEWSWIRE) — Informative Research, a premier technology provider delivering data-driven credit and verification solutions to the lending community, announced that Ryan Kaufman, IT Manager of Integrations, has been named to the National Mortgage Professional (NMP) 40 Under 40 list. This honor recognizes exceptional professionals who are influencing the future of the mortgage industry.

Ryan Kaufman of Informative Research
Image caption: Ryan Kaufman of Informative Research.

With expertise in integration and automation, Kaufman has driven numerous high-impact projects at Informative Research. He recently led the development of a solution that saved unnecessary credit report orders for a $14 billion independent mortgage lender. His strategic approach to technology integration has greatly enhanced operational efficiency for major lenders, making him an ideal candidate for this nomination.

Kaufman also played a key role in integrating Informative Research’s credit services into a top 10 lender’s proprietary system, automating the transfer of credit information and eliminating manual processes. This initiative has established Informative Research as a trusted partner for large clients, proving Kaufman’s commitment to innovation.

In addition to his technical expertise, Kaufman is dedicated to mentoring his teams and fostering a culture of growth and development within the organization. His leadership empowers team members to navigate complex challenges, further solidifying Informative Research’s reputation in the industry.

“Ryan exemplifies the qualities of a forward-thinking leader who has significantly impacted his company and the broader mortgage industry,” said Ajay Trilokeshwaran, Executive Vice President of Information Technology at Informative Research. “His strategic vision and ability to inspire others make him an outstanding candidate for this year’s 40 Under 40 recognition.”

About Informative Research:

Informative Research, a Stewart company, is a premier technology provider delivering data-driven credit and verification solutions to the lending community. The solutions provider currently serves mortgage companies, banks, and lenders throughout the United States. The company is recognized for streamlining the loan process with its straightforward service model, progressive solutions, and cutting-edge technology. To learn more, visit https://www.informativeresearch.com.

NEWS SOURCE: Informative Research


This press release was issued on behalf of the news source (Informative Research), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

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Dark Matter Technologies’ Stephanie Durflinger and Bethany Williams-Woodward Win Prestigious Mortgage Industry Awards

Chief Product Officer Stephanie Durflinger honored as HW Tech Trendsetter and Bethany Williams-Woodward named a National Mortgage Professional 40 Under 40

JACKSONVILLE, Fla., Dec. 18, 2024 (SEND2PRESS NEWSWIRE) — Dark Matter Technologies (Dark Matter), an innovative leader in mortgage technology backed by time-tested loan origination software and leadership, today announced that Stephanie Durflinger, its chief product officer, has been named a HousingWire Tech Trendsetter, and Bethany Williams-Woodward, its data solutions product manager, has been named to National Mortgage Professional Magazine’s 40 Under 40 list. Both awards recognize leaders who are making a positive impact on the housing finance industry.

Bethany Williams-Woodward and Stephanie Durflinger of Dark Matter Technologies
Image caption: Bethany Williams-Woodward and Stephanie Durflinger of Dark Matter Technologies.

A former mortgage banker, Durflinger is a proven industry leader and strategic thinker whose industry experience has driven product innovation across four industry-leading companies: Dark Matter, ICE Mortgage Technology, Sagent Lending Technologies and Ellie Mae. At each, she moved their technology forward to better serve the needs of their customers and homebuyers.

At Dark Matter, Durflinger continues her legacy of implementing meaningful change and contributing to the industry at large as both a thought leader and product visionary. She speaks frequently at industry events and serves on the board of directors of the Mortgage Industry Standards Maintenance Organization (MISMO), a wholly owned subsidiary of the MBA.

Williams-Woodward is a gifted product and technology professional with nearly a decade of mortgage industry experience. She leverages the company’s broad data ecosystem and AI expertise to craft elegant solutions to lenders’ business challenges. Her creativity and talent for consensus-building have contributed to the robust catalog of analytics tools in the Empower® loan origination system (LOS) and Dark Matter ecosystem, including a first-of-its-kind fee cure assessment tool that helps lenders reduce preventable fee cure expenses.

Her knack for building strong customer relationships and delivering product enhancements that lenders truly value has helped Dark Matter earn a customer satisfaction rating of 4.76 out of 5 stars and onboard more than 50 new customers since Williams-Woodward joined the product team in 2020.

“We are immensely proud of both Stephanie and Bethany and the roles they play in helping Dark Matter transform the mortgage origination landscape with the Empower LOS, NOVA LOS and suite of AIVA® AI virtual assistants,” said Dark Matter CEO Rich Gagliano. “They are both champions for change and continue to light the way as Dark Matter invents technology that will challenge and transform the future of the mortgage industry.”

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry’s leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://www.dmatter.com.

Tags: #fintech #financialservices #marketing #mortgage

NEWS SOURCE: Dark Matter Technologies


This press release was issued on behalf of the news source (Dark Matter Technologies), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

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Click n’ Close welcomes Jeff Raich to its National Sales bench

ADDISON, Texas, Dec. 17, 2024 (SEND2PRESS NEWSWIRE) –Click n’ Close (CNC), a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, today announced Jeff Raich has joined the organization as a national sales director in correspondent lending.

Jeff Raich of Click n' Close
Image caption: Jeff Raich.

Raich will promote CNC’s down payment assistance programs and other opportunities with delegated correspondent mortgage originators.

“We’re delighted that after a year of expansion, which has allowed us to help thousands more borrowers become homeowners, we’ve landed a seasoned mortgage veteran in Jeff Raich,” said Click n’ Close Owner and CEO Jeff Bode. “In a temperamental market, you need a knowledgeable and professional team to support the needs of the consumer and your correspondent partners. That’s what we’ve found in Jeff. He is respected in the industry and has a wealth of experience and contacts.”

Raich brings over 20 years of expertise in the mortgage and finance industry to CNC. He spent 12 years at Mortgage Guaranty Insurance Corporation (MGIC), successfully leading MGIC’s and eMagic’s regional sales force for Texas, Oklahoma, Arkansas, and New Mexico. Raich also has extensive experience building and scaling third party mortgage sales and operations teams, complemented by a strong analytical and technical background from his time in mortgage finance.

“I’m elated to join the existing correspondent sales team including Julas Hollie to continue to promote the market leading down payment assistance programs and other innovative products,” said Raich. “Jeff Bode is a trailblazer in the mortgage industry, and CNC’s direct access to the capital markets and in-house loan servicing, provides the perfect platform for strategic partnerships in the correspondent channel.”

About Click n’ Close, Inc.

Click n’ Close, Inc. is a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels and is also the nation’s leading provider of Section 184 home loans for Native Americans. In operation since 1940, Click n’ Close has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings and eNotes.

Combining this culture of innovation with a risk management mindset enables Click n’ Close to deliver new products to market that address the challenges facing both borrowers and third-party originators (TPOs). These innovations include its USDA one-time close construction loans, proprietary down payment assistance (DPA) program and reverse mortgage division. Its direct relationships with Fannie Mae, Freddie Mac, Ginnie Mae and private investors afford Click n’ Close direct access to the capital markets, thus ensuring maximum liquidity for its product innovations. By servicing its loan programs in-house, Click n’ Close provides its wholesale and correspondent partners with an additional level of certainty regarding loan salability and superior borrower service over the life of the loan.

Learn more at https://www.clicknclose.com/.

NEWS SOURCE: Click n' Close Inc.


This press release was issued on behalf of the news source (Click n' Close Inc.), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

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MCT Reports a 15% Decrease in Mortgage Lock Volume Amid Higher Rates

SAN DIEGO, Calif., Dec. 11, 2024 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, has announced a 15.12% decrease in mortgage lock volume compared to the previous month. The data, reflecting current market dynamics, is available in MCT’s latest report, which offers in-depth analysis and insights for industry professionals and stakeholders.

Lock Volume for November by Transaction Type
Image caption: Image Caption: Lock Volume for November by Transaction Type.

While the market exhibited relative stability post-election, a clear downtrend in refinance activity was observed as interest rates settled. Heading into the winter months and with a new presidential administration taking office in January, volatility concerns remain a focal point for the industry. Current expectations suggest that mortgage volume will stay low through the early months of the year.

Andrew Rhodes, Senior Director and Head of Trading at MCT, commented on the outlook: “Most lenders have already priced in at least one rate cut in either December or January. Barring unforeseen events, mortgage rates are predicted to remain relatively steady through the winter months.”

Industry forecasts indicate that rates are likely to hold or increase slightly, further dampening refinance activity. With the evolving market landscape, industry professionals are encouraged to stay informed of potential shifts in the coming months.

For further insights into the current mortgage market and the latest trends in lock volume, MCT invites industry professionals to download the full report.

MCT’s Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT’s national footprint.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT’s stewardship. MCT’s technology and know-how continue to revolutionize how mortgage assets are priced, locked, hedged, traded, and valued – offering clients the tools to perform under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Download report at: https://mct-trading.com/press-release/mct-reports-15-decrease-in-mortgage-lock-volume-amid-higher-rates/

MEDIA CONTACT:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net

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Image Caption: Lock Volume for November by Transaction Type

NEWS SOURCE: Mortgage Capital Trading Inc.


This press release was issued on behalf of the news source (Mortgage Capital Trading Inc.), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/mct-reports-a-15-decrease-in-mortgage-lock-volume-amid-higher-rates/

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Vice Capital Markets signs 50th Investor Partner to ViceEx mortgage whole loan trading platform

NOVI, Mich., Dec. 10, 2024 (SEND2PRESS NEWSWIRE) — Vice Capital Markets, a leading mortgage hedge advisory firm for independent lenders, banks and credit unions, announced today the addition of its 50th investor to its all-inclusive whole loan trading platform Vice Execution Portal™ (ViceEx™). This addition enhances the platform’s ability to deliver unmatched market access and execution flexibility for clients selling mandatory, including all agency executions.

Vice Capital Markets
Image caption: Vice Capital Markets.

“ViceEx was designed to address the complexities of whole loan trading with unmatched simplicity and accuracy,” said Troy Baars, president of Vice Capital Markets. “Reaching this milestone with ViceEx demonstrates our commitment to empowering lenders with streamlined, data-driven solutions for their secondary execution needs. We’re eager to see how this platform continues to evolve and deliver for our clients.”

With ViceEx, secondary market managers can leverage a full data integration with Vice Capital’s reporting tools with the simple click of a button, creating streamlined solutions for lenders’ secondary execution needs. Tailored specifically to each individual lender’s pipeline, ViceEx enables lenders to send and receive aggregator bulk bids, compare agency executions with customizable retained or co-issue servicing values, to ensure precision in best execution evaluations. ViceEx finds the optimal specified pay-up for each individual loan in a sale to guarantee best execution that might otherwise be missed in a manual process, ensuring lenders can commit to the agencies with confidence. ViceEx’s 50-member bulk investor network includes Fannie Mae’s Servicing Marketplace and Freddie Mac’s Cash-Release XChange®.

“What sets ViceEx apart is its ability to adapt to each lender’s unique needs while delivering unparalleled precision in best execution,” said Chris Bennett, principal at Vice Capital Markets. “The addition of our 50th investor partner is not just a milestone for ViceEx but a signal of how far the industry has come in embracing technology to streamline execution. We’re thrilled to be at the forefront of this evolution.”

Vice Capital Markets has provided capital markets expertise for over 20 years to lenders across the country of all sizes, establishing a reputation as an industry leader in TBA position management, MSR hedging and agency pool trading. The company offers comprehensive trading tools and risk-management strategies designed to optimize whole loan and mortgage-backed securities (MBS) transactions for lenders. To learn more, visit https://www.vicecapitalmarkets.com/.

About Vice Capital Markets:

Since 2001, Vice Capital Markets has expertly navigated interest rate risk and driven profitability on over $1 trillion in MBS trades and mortgage-related transactions for a diverse range of financial institutions. Utilizing proprietary risk-management models and an advanced investor and agency platform, Vice Capital has enabled clients to enhance their secondary market strategies and achieve optimal sales gains.

The company’s Vice Execution Portal™ (ViceEx) is an all-inclusive, whole-loan trading platform that enables lenders and secondary market managers to seamlessly send and receive aggregator bulk bids, compare agency executions with customizable retained or co-issue servicing values while guaranteeing the best execution that might otherwise be missed in a manual process.

With traders averaging over a decade of experience, Vice Capital brings the expertise necessary to tackle market challenges and consistently deliver secure and effective profit growth for its clients. For further information, visit https://www.vicecapitalmarkets.com/ or call (248) 869-8100.

NEWS SOURCE: Vice Capital Markets


This press release was issued on behalf of the news source (Vice Capital Markets), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/vice-capital-markets-signs-50th-investor-partner-to-viceex-mortgage-whole-loan-trading-platform/

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Mortgage Lock Activity Fell in November as Interest Rates Hit Their Highest Levels Since July

Optimal Blue's November 2024 Market Advantage mortgage data report finds overall rate lock volume down 25% month over month, yet 12% higher year over year, providing some reason for optimism

PLANO, Texas, Dec. 10, 2024 (SEND2PRESS NEWSWIRE) — Optimal Blue today released its November 2024 Market Advantage mortgage data report, highlighting a 25% decrease in month-over-month (MoM) lock volume as interest rates hit their highest levels since early July, creating headwinds for affordability.

Optimal Blue November 2024 Market Advantage mortgage data report
Image caption: Optimal Blue November 2024 Market Advantage mortgage data report.

Purchase lock volume was down 21% MoM, while cash-out and rate-and-term refinance volumes fell 20% and 50%, respectively. However, year-over-year (YoY) metrics show resilience in the market, with total rate lock volume up 12% from November 2023, purchase volume up a modest 5%, and cash-out and rate-and-term refinances increasing 35% and 95%, respectively, sparking optimism among market watchers.

While high rates prevailed for much of the month, they dropped slightly in the week leading up to the Thanksgiving holiday. The OBMMI 30-year conforming fixed rate index, the benchmark that will be used as the underlying price for CME Group’s new Mortgage Rate futures, finished the month down 11 bps from October. FHA and VA 30-year rates fell as well, closing the month down 7 bps and 20 bps, respectively. The 30-year jumbo rate showed a slight increase to close the month, up 16 bps from the end of October.

Product mix changes mirrored the month’s affordability concerns. FHA loans, which offer as little as 3.5% down and more lenient credit requirements, gained share at the expense of all other loan types, notching up another three-quarters of a point to account for 20% of total production. That puts FHA market share back near its peak of just over 22% of total production in November 2023. VA loan volume fell in November, but is up YoY at 11% of total volume. Government production in total accounted for nearly one-third of loan volume in November.

“The rising percentage of FHA loans indicates affordability continues to be a concern among homebuyers as we move into year-end,” said Brennan O’Connell, director of data solutions at Optimal Blue. “In spite of the recent dip in purchase and refinance activity, we see the YoY improvements in purchase volume, cash-out and rate-and-term refinances as a bright spot.”

Key findings from the Market Advantage report, which are drawn from direct-source mortgage lock data, include:

  • Rates dip slightly for conforming and government-backed loans: The OBMMI 30-year conforming averaged 30 bps higher in November, though it ended the month at 6.68%, an 11-bps decrease from October. FHA rates dropped by 7 bps to 6.36%, while VA rates dropped 20 bps to 6.16%. The OBMMI jumbo index rate rose a more moderate 16 bps, ending the month at 6.98%.
  • Purchase lock volume softens: Purchase lock volume was down 21% MoM. Also significant, purchase lock counts – which are a key measure for market health that excludes the impact of HPA and volatile refi activity – were down 3% YoY, breaking a two-month trend of positive YoY momentum.
  • Conforming loan share continues to fall: Conforming share ended the month below 53%, roughly 20% lower than the peak levels seen in 2020. Non-conforming lending – including both non-QM and jumbo – fell slightly in November. Nevertheless, non-conforming loans remained near their recent market share high at just under 15% – a nearly five-percentage-point increase in market share over the same period last year.
  • Refinance demand softens: Cash-out and rate-and-term refinance volumes fell 20% and 50%, respectively. However, YoY metrics provide reason for optimism with cash-out and rate-and-term refinances gaining 35% and 95% YoY, respectively.
  • Credit quality holds steady: Average credit scores for purchase loans were flat at 739, while average scores on refinance locks dropped slightly. Cash-out average credit fell 2 points to 695, and rate-and-term average credit dropped 1 point to 730.
  • Home prices and average loan amounts dip: In November, the average loan amount dropped from $380.1K to $376.4K. Average home purchase prices ticked down as well, falling from $482.4K to $477.4K.

The full November 2024 Market Advantage report, which provides more detailed findings and additional insights into U.S. mortgage market trends, can be viewed at: https://www2.optimalblue.com/wp-content/uploads/2024/12/OB_MarketAdvantage_MortgageDataReport_Nov2024.pdf.

This month’s Market Advantage podcast features Agha Mirza, CME Group managing director and global head of rates and OTC products, a guest commentator. The podcast can be accessed at: https://market-advantage.captivate.fm/listen.

About the Market Advantage Report:

Optimal Blue issues the Market Advantage mortgage data report each month to provide early insight into U.S. mortgage trends. Leveraging lender rate lock data from the Optimal Blue PPE – the mortgage industry’s most widely used product, pricing, and eligibility engine – the Market Advantage provides a view of early-stage origination activity. Unlike self-reported survey data, mortgage lock data is direct-source data that accurately reflects the in-process loans in lenders’ pipelines.

Nothing herein shall be construed as, nor is Optimal Blue providing, any legal, trading, hedging, or financial advice.

About Optimal Blue:

Optimal Blue effectively bridges the primary and secondary mortgage markets to deliver the industry’s only end-to-end capital markets platform. The company helps lenders of all sizes and scopes maximize profitability and operate efficiently so they can help American borrowers achieve the dream of homeownership. Through innovative technology, a network of interconnectivity, rich data insights, and expertise gathered over more than 20 years, Optimal Blue is an experienced partner that, in any market environment, allows lenders to optimize their advantage from pricing accuracy to margin protection, and every step in between. To learn more, visit OptimalBlue.com.

MULTIMEDIA:

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NEWS SOURCE: Optimal Blue


This press release was issued on behalf of the news source (Optimal Blue), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/mortgage-lock-activity-fell-in-november-as-interest-rates-hit-their-highest-levels-since-july/

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Optimal Blue Announces Tony Hawk, Housing Industry Leaders to Headline Inaugural User Conference

Robust speaker lineup includes a leading economist, an editor in chief, tech leaders, and Optimal Blue's team of subject matter experts

PLANO, Texas, Dec. 5, 2024 (SEND2PRESS NEWSWIRE) — Optimal Blue today announced the speaker lineup for its inaugural user conference, the Optimal Blue Summit 2025. Legendary skateboarder and entrepreneur Tony Hawk will headline the event. The conference will also feature sessions led by Mortgage Bankers Association (MBA) Chief Economist and Senior Vice President of Research and Business Development Michael Fratantoni, Ph.D., MBA Associate Vice President of Secondary and Capital Markets Sasha Hewlett, AMP, HousingWire Editor in Chief Sarah Wheeler, and representatives from Microsoft.

Optimal Blue Announces Tony Hawk, Housing Industry Leaders to Headline Inaugural User Conference
Image caption: Optimal Blue Announces Tony Hawk, Housing Industry Leaders to Headline Inaugural User Conference.

The Optimal Blue Summit will take place Feb. 3–5, 2025, at the Marriott Marquis San Diego Marina, bringing together clients from across primary and secondary mortgage networks to connect, learn, and share best practices for maximizing lending profitability. In addition to an engaging speaker lineup, the three-day event will feature sessions led by Optimal Blue’s team of subject matter experts, as well as major product announcements, focus groups, and opportunities for networking.

“The Optimal Blue Summit will bring the mortgage industry together for valuable content, knowledge-sharing, and opportunities to optimize technology and data to gain a competitive advantage,” said Sara Holtz, chief marketing officer of Optimal Blue. “We are curating an impressive speaker lineup for our attendees that includes respected names from Optimal Blue, industry organizations, and beyond to provide our customers with actionable insights so they can reach their highest productivity and profit potential.”

Agenda highlights include:

  • Insights into Optimal Blue’s product roadmap and demonstrations of newly launched features
  • A 2025 economic outlook from Michael Fratantoni, Ph.D., followed by a deeper dive discussion on the secondary and capital market outlook from Sasha Hewlett, AMP, who serves as staff representative for the MBA Secondary and Capital Markets Committee
  • Observations from native San Diegan Tony Hawk, a legendary skateboarder, entrepreneur, and founder of The Skatepark Project (TSP), a nonprofit organization helping to build safe and inclusive public skateparks in underserved communities
  • AI-focused panels featuring a cloud solution architect and a technical leader from Microsoft, focused on maximizing productivity and profitability with AI in lending operations

Additional details and registration information are available on the Optimal Blue Summit 2025 webpage at https://www2.optimalblue.com/optimal-blue-summit/.

About Optimal Blue:

Optimal Blue effectively bridges the primary and secondary mortgage markets to deliver the industry’s only end-to-end capital markets platform. The company helps lenders of all sizes and scopes maximize profitability and operate efficiently so they can help American borrowers achieve the dream of homeownership. Through innovative technology, a network of interconnectivity, rich data insights, and expertise gathered over more than 20 years, Optimal Blue is an experienced partner that, in any market environment, allows lenders to optimize their advantage from pricing accuracy to margin protection, and every step in between. To learn more, visit https://OptimalBlue.com/.

MULTIMEDIA:

VIDEO (YouTube): https://youtu.be/hwh4MwT7Hrc?si=jeed5bkWt528gHiB

Image link for media: https://www.Send2Press.com/300dpi/24-1205-s2p-opbluehawk-300dpi.jpg

NEWS SOURCE: Optimal Blue


This press release was issued on behalf of the news source (Optimal Blue), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/optimal-blue-announces-tony-hawk-housing-industry-leaders-to-headline-inaugural-user-conference/

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Secured Signing has experienced a remarkable 30% month-over-month growth in demand for its Remote Online Notarizations Platform

MOUNTAIN VIEW, Calif., Dec. 4, 2024 (SEND2PRESS NEWSWIRE) — Secured Signing, a leading provider of digital signing and Remote Online Notarization (RON) solutions, is excited to unveil a series of powerful enhancements to its platform. These updates solidify its leadership in the digital notarization industry by optimizing workflow efficiency, increasing transparency, and enhancing user control. Notaries and their clients can now enjoy a more seamless, secure, and efficient document signing experience.

Unleash the power of SharePoint with Secured Signing
Image caption: Unleash the power of SharePoint with Secured Signing.

In the last several months it has been exceptional for Secured Signing, marked by an impressive over 30% month-on-month growth. This surge highlights the increasing demand for reliable, innovative, and secure digital signing and RON solutions in today’s rapidly evolving business landscape.

“2024 has been a transformative year for Secured Signing,” said Mike Eyal, CEO of Secured Signing. “Our exponential growth is a testament to the trust and confidence that the notary community and businesses have in us. The introduction of these new features marks just the beginning of our journey. As we look forward to 2025, our commitment remains steadfast: to drive innovation, enhance productivity, and provide the best possible experience for both independent and in-house notaries and their clients.”

KEY FEATURES OF THE 2024 ENHANCEMENTS

Secured Signing’s latest updates to the RON platform include:

1 – On-Demand Notary Availability

A game-changing feature allows notaries to appear as available in real-time within the Notary Community, enabling instant client connections via live chat and secure document transfer.

2 – Enhanced Video Meeting Controls

New controls let notaries mute, disable cameras, blur backgrounds, and remove participants, ensuring privacy, compliance, and professionalism during video signing sessions.

3 – Edit the Signing Process Anytime

Notaries can now make changes to documents even after they have been sent for signing, eliminating the need to restart the tagging process and saving valuable time.

4 – Meeting Date Column for In-Progress Documents

Users can conveniently track RON or video signing sessions with a new column displaying scheduled meeting dates and times.

5 – Admin User Audit Trail Report

Generate detailed reports of admin actions within the Enterprise Portal, ensuring transparency and accountability.

6 – Enhanced Admin Permissions for Enterprise Accounts

Enterprise administrators can now view and edit templates created by other users, enabling efficient collaboration, and streamlined template management.

7 – Add Comments to the RON Journal

Notaries can document every stage of the signing process with comments added before, during, or after a signing meeting, enhancing accuracy and record-keeping.

8 – Group Tagging: Simplify Document Preparation with One-Click Precision

Enhance your document preparation process by effortlessly applying multiple Notary eSeals, signer signatures, and form fields all at once with a single click. This powerful feature eliminates repetitive tasks, saving you time and ensuring accuracy when preparing complex documents for signing. Auto tagging of your documents.

9 – Meeting Room Reminders

Notaries can send instant email or SMS reminders directly from the meeting room to signers who have not joined, ensuring timely participation.

10 – Notify Notary Clients in the Lobby

To enhance the efficiency of the notary’s time and provide the best service to clients, implement a system where clients waiting in the lobby can notify the notary via SMS or email. This ensures the notary is promptly aware of clients waiting for their services.

11 – Pre-Filled Notary Fields

Notaries can save time by pre-filling forms with their state, county, and commission expiry date.

12 – Auto-Populate Address in Notary Journal

In the “Personally Known Notary Process,” the address of repeat signers will be automatically populated, eliminating the need to retype it each time.

13 – Keyboard Shortcuts for Document Design

Save time with keyboard shortcuts for cutting, copying, pasting, and deleting fields during document preparation, increasing efficiency and ease of use.

Secured Signing
Image caption: Secured Signing.

LOOKING AHEAD TO 2025

While these updates have already made waves in the notary community, Secured Signing promises even more transformative enhancements in 2025. With a commitment to delivering tools that streamline processes and elevate the digital notarization experience, the company is setting a new standard in the industry.

About Secured Signing:

Secured Signing is a global leader in digital signing and remote online notarization solutions, offering innovative, secure, and compliant tools for businesses and notaries. Trusted by professionals worldwide, Secured Signing empowers users to sign and notarize documents with confidence and ease.

For more information about Secured Signing and its new features, visit https://www.securedsigning.com/ or contact:

Media Contact:

Lianca van Oudtshoorn, Marketing Content Manager at Secured Signing  – lianca.vo@securedsigning.com

Experience the Future of Notarization Today!

Ready to elevate your notary business? Explore Secured Signing’s latest features and see how they can transform your workflow.

NEWS SOURCE: Secured Signing


This press release was issued on behalf of the news source (Secured Signing), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/secured-signing-has-experienced-a-remarkable-30-month-over-month-growth-in-demand-for-its-remote-online-notarizations-platform/

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Shore United Bank inks contract with Dark Matter Technologies for its mortgage business with the Empower LOS and AIVA AI virtual assistants

Shore United pursues implementation to benefit from the enhanced productivity and borrower experience offered by Dark Matter's solutions

JACKSONVILLE, Fla., Nov. 25, 2024 (SEND2PRESS NEWSWIRE) — Dark Matter Technologies (Dark Matter®), an innovative leader in mortgage technology backed by time-tested loan origination software and leadership, announced today that Shore United Bank (Shore United), a community bank founded in 1876, has selected the Empower® LOS and select AIVA® AI virtual assistants from Dark Matter to streamline its mortgage lending operations and offer additional support for integrations.

Dark Matter Technologies
Image caption: Dark Matter Technologies.

Shore United is a full-service community bank serving customers in Maryland, Delaware and Virginia. The bank began searching for an LOS in 2024 that would offer its team more powerful automation, built-in business intelligence tools and support a broader array of integrations. After careful evaluation, Shore United chose the Empower LOS for its bundled, all-in-one mortgage origination functionality, coupled with AIVA AI virtual assistant solutions from Dark Matter.

The Empower LOS takes a task-based approach rather than a linear approach to automating loan production, allowing multiple processes to run concurrently with minimal lender intervention. By tapping employees only as needed to manage exceptions, the Empower LOS streamlines origination workflows, resulting in significant time and cost savings.

Under the agreement with Dark Matter, Shore United will use the Empower LOS and the AIVA AI virtual assistant solutions to leapfrog their business beyond their legacy technology and gain a competitive edge with customers.

“Shore United has transitioned to a more powerful platform that will propel them into the future, increasing their return on investment through improved productivity and offering price stability as the market picks up speed,” said Dark Matter SVP of Northeast Sales, Pete Micera. “We look forward to supporting Shore United’s expedited implementation timeline so they can begin enjoying the value of our solutions quickly.”

“Investing in Dark Matter Technologies is an investment in our customers’ homeownership journeys,” said Corey Galinsky, executive vice president at Shore United. “By adopting the Empower LOS and AIVA AI virtual assistants, we’re embracing cutting-edge technology that will streamline our operations and elevate the experience we deliver to our borrowers. This partnership reinforces our commitment to making the mortgage process smoother and more efficient, helping our customers achieve their homeownership dreams with greater ease and confidence.”

About Shore United Bank:

Shore United Bank is a full-service community bank with a rich history dating to 1876. We offer innovative banking with the personal touch you expect from a community bank. We are built around the character of our people and committed to the success of our clients, communities, employees, and shareholders. For more information, visit https://www.shoreunitedbank.com/.

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry’s leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation, and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://www.dmatter.com.

Tags: @dmattertech @shoreunitedbank #fintech #financialservices #marketing #mortgage

NEWS SOURCE: Dark Matter Technologies


This press release was issued on behalf of the news source (Dark Matter Technologies), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/shore-united-bank-inks-contract-with-dark-matter-technologies-for-its-mortgage-business-with-the-empower-los-and-aiva-ai-virtual-assistants/

Copr. © 2024 Send2Press® Newswire, Calif., USA. -- REF: S2P STORY ID: S2P122470 NOREL-3B

 

ACES Q2 2024 Mortgage QC Trends Report Reveals Second Consecutive Increase in Critical Defect Rate

Persistent issues in Income/Employment defects and significant defect growth across all major underwriting categories push defect rate closer to 2% threshold

DENVER, Colo., Nov. 20, 2024 (SEND2PRESS NEWSWIRE) — ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced the release of its quarterly ACES Mortgage QC Industry Trends Report covering the second quarter (Q2) of 2024. The latest report analyzes post-closing quality control data derived from ACES Quality Management & Control® software. ACES has altered the timing of this report to better reflect Fannie Mae’s accelerated timeline for post-closing quality control reviews.

ACES Quality Management
Image caption: ACES Quality Management.

Notable findings from the Q2 2024 report include the following:

  • The overall critical defect rate increased 14.56% to 1.81%, marking the second consecutive quarter of growth.
  • Income/Employment remains the leading category of defects at 37.01%, followed by Assets at 14.29% and Credit at 9.79%.
  • Defects increased in all four major underwriting categories, with Income/Employment defects rising the most quarter-over-quarter.
  • Appraisal defects saw the most significant quarter-over-quarter growth across all categories, increasing by 98.33%.
  • Insurance defects reversed course from Q1 2024, declining 91.99%.
  • Lenders continued to prioritize purchase reviews over refinances, with defect share rising 2.71% for purchase transactions and declining 11.66% for refinances.
  • Conventional and FHA review shares declined slightly this quarter. While VA review share increased somewhat, lenders significantly increased their reviews of USDA loans in Q2.
  • FHA and VA loan performance improved tremendously over Q1, declining 35.26% and 56.57%, respectively. Conventional defect share increased by 13.59%, but the largest area of concern this quarter is USDA loan defects, which increased by 370.9%.

“This quarter’s rise in critical defects signals that lenders need to double down on quality control efforts, especially as volumes grow,” warned Nick Volpe, EVP of ACES Quality Management. “While the industry’s resilience is evident, the increased scrutiny of income and other key underwriting areas reminds us of the complexities in today’s lending landscape. Proactive adoption of digital tools is key to maintaining high standards and navigating an environment where even minor lapses can impact long-term performance.”

Findings for the Q2 ACES Mortgage QC Industry Trends Report are based on post-closing quality control data derived from the ACES Quality Management and Control® benchmarking system and incorporate data from prior quarters and/or calendar years, where applicable. All reviews and defect data evaluated for the report were based on loan audits selected by lenders for full file reviews.

The Mortgage QC Industry Trends Reports are available for download, free of charge, at https://www.acesquality.com/resources/reports.

About ACES Quality Management

ACES Quality Management is the leading provider of enterprise quality management and control software for the financial services industry. The nation’s most prominent lenders, servicers and financial institutions rely on ACES Quality Management & Control® Software to improve audit throughput and quality while controlling costs, including:

  • Over 70% of the top 20 independent mortgage lenders;
  • 7 of the top 10 loan servicers;
  • 11 of the top 30 banks; and
  • 3 of the top 5 credit unions in the United States.

Unlike other quality control platforms, only ACES delivers Flexible Audit Technology®, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ACES clients get responsive support and access to our experts to maximize their investment. For more information, visit https://www.acesquality.com/ or call 1-800-858-1598.

NEWS SOURCE: ACES Quality Management


This press release was issued on behalf of the news source (ACES Quality Management), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/aces-q2-2024-mortgage-qc-trends-report-reveals-second-consecutive-increase-in-critical-defect-rate/

Copr. © 2024 Send2Press® Newswire, Calif., USA. -- REF: S2P STORY ID: S2P122378 NOREL-3B

 

MCT Announces 2.5% Increase in Mortgage Lock Volume Despite October Market Volatility

SAN DIEGO, Calif., Nov. 15, 2024 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, reported a 2.5% increase in mortgage lock volume compared to the previous month. Mortgage market professionals and industry enthusiasts are invited to download MCT’s comprehensive report to gain deeper insights into the current market dynamics.

MCT Mortgage Lock Volume Indices Oct 2024
Image caption: MCT Mortgage Lock Volume Indices Oct 2024.

October proved to be a dynamic month for the mortgage market. An increase in mortgage rates, spurred by election volatility, led to a reversal of the refinancing uptick observed in September. However, a rise in purchase volume during the month managed to counterbalance the decline in refinancing, resulting in overall month-over-month lock volume remaining relatively flat.

The uncertainty surrounding the elections caused temporary market disruptions and a downturn in markets, which has now eased following the decisive election results. This change has brought a level of stability and clarity to the market.

Andrew Rhodes, Senior Director and Head of Trading at MCT, stated, “With the election and last Thursday’s Federal Reserve meeting behind us, we anticipate markets will stabilize with the new focus on November jobs and CPI data points.”

For further insights into the current mortgage market and the latest trends in lock volume, MCT invites industry professionals to download the full report.

MCT’s Lock Volume Indices present a snapshot of rate lock volume activity in the residential mortgage industry broken out by lock type (purchase, rate/term refinance, and cash out refinance) across a broad diversity of lenders (e.g., sizes, products/services offered, business models) from MCT’s national footprint.

About MCT:

For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT’s stewardship. MCT’s technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged – offering clients the tools to perform under any market condition.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

NEWS SOURCE: Mortgage Capital Trading Inc.


This press release was issued on behalf of the news source (Mortgage Capital Trading Inc.), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/mct-announces-2-5-increase-in-mortgage-lock-volume-despite-october-market-volatility/

Copr. © 2024 Send2Press® Newswire, Calif., USA. -- REF: S2P STORY ID: S2P122325 NOREL-3B

 

Mortgage Machine awarded SOC 2 Compliance Status – AICPA-guided examination shows LOS operates as promised

ADDISON, Texas, Nov. 14, 2024 (SEND2PRESS NEWSWIRE) — Mortgage Machine™ (MMS), the loan origination system of record for digital mortgage pioneer Click n’ Close (formerly known as Mid America Mortgage), has achieved SOC 2® compliance. Independent auditor Sensiba LLP (Sensiba) announced MMS’s successful completion of its System and Organization Controls (SOC) 2 Type II audit in early November.

Mortgage Machine
Image caption: Mortgage Machine.

Developed by the American Institute of Certified Public Accountants (AICPA), the SOC 2 information security audit provides a report on the examination of controls relevant to the trust services criteria categories covering security, availability, processing integrity, confidentiality, and privacy.

“Achieving SOC 2 Type II compliance is a significant milestone for Mortgage Machine,” said James Cassinelli, Chief Operating Officer of Mortgage Machine Services. “This certification underscores our commitment to providing top-tier security and peace of mind to our clients. It validates the policies and procedures that we have in place and reinforces the reliable service we offer to our customers.”

As noted by Sensiba, a SOC 2 Type II report describes a service organization’s systems and determines whether the design of specified controls meets the relevant trust service categories. Sensiba reviewed MMS’ system from August 22, 2023, to August 21, 2024.

“MMS’s SOC 2 Type II report did not have any noted exceptions and was therefore issued with a ‘clean’ audit opinion,” according to a public statement issued by Sensiba.

Sensiba’s audit of MMS focused on security, availability, and confidentiality. This means the audit measured how well MMS kept consumers’ information private and how consistently it informed clients of the collection, retention, and disposal of their data.

A SOC 2 report is generally deemed valid for 12 months from the date of its issue. Though there is no expiration date for the report, interested parties may reasonably reject findings that are more than a year old.

ABOUT MORTGAGE MACHINE:

Mortgage Machine™ uses intelligent automation, configurable business workflows and a cloud-based infrastructure to optimize the entire loan lifecycle. By consolidating retail, wholesale, correspondent and home equity lending onto a single platform, Mortgage Machine™ enables lenders of all sizes to reduce cycle times, costs, and risks while improving data quality and borrower satisfaction. The company is based in Addison, Texas.

ABOUT SENSIBA:

Sensiba LLP, a top-100 U.S. accounting, consulting, and professional services firm, serves a variety of companies, from start-ups to Fortune 50 pillars.

ABOUT SOC 2:

A SOC 2® examination is a report on controls at a service organization relevant to security, availability, processing integrity, confidentiality, or privacy. SOC 2 reports are intended to meet the needs of a broad range of users that need detailed information and assurance about the controls at a service organization relevant to security, availability, and processing integrity of the systems the service organization uses to process users’ data and the confidentiality and privacy of the information processed by these systems.

NEWS SOURCE: Mortgage Machine Services Inc.


This press release was issued on behalf of the news source (Mortgage Machine Services Inc.), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/mortgage-machine-awarded-soc-2-compliance-status-aicpa-guided-examination-shows-los-operates-as-promised/

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ACES Quality Management now supplies audit technology to six of the top 20 largest U.S. credit unions

New clients - including State Employees Credit Union of North Carolina, Lake Michigan Credit Union and Arizona Financial Credit Union - choose ACES to bolster risk management, member service

DENVER, Colo., Nov. 12, 2024 (SEND2PRESS NEWSWIRE) — ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced the addition of 10 credit unions to its growing customer base. These organizations leverage ACES Quality Management & Control Software® to improve quality and mitigate risk across multiple internal areas, including mortgage lending, consumer lending, deposit accounts and more.

ACES Quality Management
Image caption: ACES Quality Management.

Credit unions have moved onto the ACES platform to automate quality control and build a second line of defense to support mortgage and consumer lending. ACES Quality Management & Control Software streamlines auditing workflow to improve speed, find pockets of risk and enhance the member experience. Robust quality, root cause and trend reporting assists with regulatory, executive and investor requirements, while the ACES compliance engine automates over 14,000 regulatory tests for mortgage origination, servicing and consumer lending.

“For over a century, credit unions have thrived by staying true to their mission of serving members with transparency and integrity,” said ACES CEO Trevor Gauthier. “At ACES, we help them continue that proud legacy with a unified platform that supports credit unions of all sizes in maintaining the highest standards of quality for their mortgage and consumer lending members. The ACES platform not only streamlines internal processes but also offers a comprehensive view of lending quality—empowering executives and staff to uphold the trust their members have placed in them and affirming regulators’ confidence in their lending practices.”

The additions to ACES’ client roster include:

  • Arizona Financial Credit Union
  • Lake Michigan Credit Union
  • State Employees Credit Union of North Carolina

“Moving to the ACES platform has allowed our internal quality control team to maneuver through a large volume of audits with ease and accuracy,” said Patrick Smith, senior director of operations administration at Arizona Financial Credit Union. “It has been a game-changer for our leadership team to gain useful insights into common errors, and it has allowed for more robust and effective coaching opportunities.”

About ACES Quality Management

ACES Quality Management is the leading provider of enterprise quality management and control software for the financial services industry. The nation’s most prominent lenders, servicers and financial institutions rely on ACES Quality Management & Control Software® to improve audit throughput and quality while controlling costs, including:

  • 70% of the top 20 independent mortgage lenders;
  • 7 of the top 10 loan servicers;
  • 11 of the top 30 banks; and
  • 3 of the top 5 credit unions in the United States.

Unlike other quality control platforms, only ACES delivers Flexible Audit Technology, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ACES clients get responsive support and access to our experts to maximize their investment. For more information, visit www.acesquality.com or call 1-800-858-1598.

NEWS SOURCE: ACES Quality Management


This press release was issued on behalf of the news source (ACES Quality Management), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/aces-quality-management-now-supplies-audit-technology-to-six-of-the-top-20-largest-u-s-credit-unions/

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October Mortgage Lock Data Shows Resilience and Cracks in the Mortgage Market as Interest Rates Tick up 65 Basis Points

Optimal Blue's October 2024 Market Advantage mortgage data report shows strong purchase mortgage growth, though a shift away from conforming loans signals strained affordability

PLANO, Texas, Nov. 12, 2024 (SEND2PRESS NEWSWIRE) — Optimal Blue today released its October 2024 Market Advantage mortgage data report, highlighting resilient purchase activity in the face of rising interest rates and affordability challenges. Despite a 65-basis-point (bps) increase in the Optimal Blue Mortgage Market Indices (OBMMI) 30-year conforming rate, purchase lock volume grew by 12% month over month (MoM), signaling strong demand among homebuyers. The report also shows a notable shift away from conforming loans, indicating affordability concerns are pushing buyers toward alternative financing options.

Optimal Blue: National Rate Lock Metrics Oct. 2024
Image caption: Optimal Blue: National Rate Lock Metrics Oct. 2024.

“Despite a tough rate trajectory, we saw strong growth in both purchase lock volume and counts, which are both positive signals for mortgage production,” said Brennan O’Connell, director of data solutions at Optimal Blue. “While purchase growth is encouraging, signs of how buyers are adapting to higher rates indicate continued affordability pressures. Production mix data shows a shift from conforming loans to FHA and non-conforming products, which often offer more flexible financing terms.”

Key findings from the Market Advantage report, which are drawn from direct-source mortgage lock data, include:

  • Rates rise across the board: The OBMMI 30-year conforming rate ended October at 6.79%, marking a 65-bps increase from September. FHA rates rose by 54 bps to 6.43%, while VA rates saw the largest increase, climbing 73 bps to 6.36%. The OBMMI jumbo index rate rose a more moderate 41 bps to end at 6.82%.
  • Purchase lock volume grows despite rate increases: Purchase lock volume rose 12% MoM. Also significant, purchase lock counts – which are a key measure for market health that excludes the impact of HPA and volatile refi activity – rose 9% year over year (YoY), continuing a positive trend that started in September. This increase in purchase locks reflects ongoing demand.
  • Affordability concerns shift production mix: Conforming loan share fell to its lowest point since tracking began in 2018, now representing 53% of volume. At the same time, FHA locks rose, accounting for one in five purchase transactions, as buyers sought more accessible financing options. Non-conforming loans also gained ground as borrowers leaned more heavily on non-QM and jumbo loans to adapt to affordability challenges.
  • Refinance demand softens: The rise in rates dampened refinance interest, with rate-and-term refinance volume dropping 45% MoM. Cash-out refinance activity saw a slight 6% increase, but the overall refinance share declined to 23% of total volume. With the exception of August and September 2024, refinance levels were still higher than any other month since April 2022.
  • Credit quality declines in refinance sector: Average credit scores remained high for purchase loans; however, refinance credit scores, particularly for rate-and-term refinances, saw a drop, with the average score declining by 6 points to 730.
  • Home prices trend upward while average loan amounts dip: October saw a second consecutive month of home price increases, with the average purchase price rising from $475.8K to $482.4K. Meanwhile, the average loan amount fell by $3.6K to $380.1K.

The full October 2024 Market Advantage report, which provides more detailed findings and additional insights into U.S. mortgage market trends, can be viewed at (PDF): https://www2.optimalblue.com/wp-content/uploads/2024/11/OB_MarketAdvantage_MortgageDataReport_Oct2024.pdf.

This month’s Market Advantage podcast features Dave Savage, chief innovation officer at TrustEngine and founder of Mortgage Coach, as a guest commentator. The podcast can be accessed at: https://market-advantage.captivate.fm/listen.

About the Market Advantage Report

Optimal Blue issues the Market Advantage mortgage data report each month to provide early insight into U.S. mortgage trends. Leveraging lender rate lock data from the Optimal Blue PPE – the mortgage industry’s most widely used product, pricing, and eligibility engine – the Market Advantage provides a view of early-stage origination activity. Unlike self-reported survey data, mortgage lock data is direct-source data that accurately reflects the in-process loans in lenders’ pipelines.

Nothing herein shall be construed as, nor is Optimal Blue providing, any legal, trading, hedging, or financial advice.

About Optimal Blue

Optimal Blue effectively bridges the primary and secondary mortgage markets to deliver the industry’s only end-to-end capital markets platform. The company helps lenders of all sizes and scopes maximize profitability and operate efficiently so they can help American borrowers achieve the dream of homeownership. Through innovative technology, a network of interconnectivity, rich data insights, and expertise gathered over more than 20 years, Optimal Blue is an experienced partner that, in any market environment, allows lenders to optimize their advantage from pricing accuracy to margin protection, and every step in between. To learn more, visit https://OptimalBlue.com/.

NEWS SOURCE: Optimal Blue


This press release was issued on behalf of the news source (Optimal Blue), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/october-mortgage-lock-data-shows-resilience-and-cracks-in-the-mortgage-market-as-interest-rates-tick-up-65-basis-points/

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