Tag: Mortgage
MCT Reports 3% Increase in Mortgage Lock Volume, Refinance Activity Buoys Market
SAN DIEGO, Calif., Oct. 3, 2024 (SEND2PRESS NEWSWIRE) -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today a 3.17% increase in mortgage lock volume compared to the previous month. The report highlights key market dynamics, offering industry professionals valuable insights. Industry professionals and enthusiasts are invited to download the complete report for comprehensive insights into the market dynamics.
Optimal Blue Expands Expertise, Market Leadership With Launch of Two In-House Podcasts
PLANO, Texas, Oct. 1, 2024 (SEND2PRESS NEWSWIRE) -- Optimal Blue announced the release of two in-house podcasts that extend the reach of the company's capital markets experience and expertise built over its decades as the technology leader in its space. The Optimal Insights podcast and video, which will be released weekly, will provide timely analyses of market factors impacting loan originators and capital markets professionals.
Brimma Tech Unveils Advanced AUS Sandbox Solution for Enhanced Mortgage Underwriting
WAKE FOREST, N.C., Sept. 26, 2024 (SEND2PRESS NEWSWIRE) -- Brimma Tech, a pioneering software development company specializing in AI-driven solutions for the mortgage industry, proudly announces the latest release of its Vallia AUS Sandbox. This innovative tool is designed to streamline the mortgage underwriting process, offering simultaneous risk and eligibility assessment capabilities with both Fannie Mae's Desktop Underwriter® (DU®) and Freddie Mac's Loan Product Advisor® (LPA℠).
iEmergent revises 2024-2026 U.S. Mortgage Origination Forecast downward
DES MOINES, Iowa, Sept. 25, 2024 (SEND2PRESS NEWSWIRE) -- iEmergent, a forecasting and advisory services firm for the financial services, mortgage and real estate industries, today announced downward revision of its 2024-2026 U.S. Mortgage Origination Forecast. Updated to reflect ongoing economic conditions, iEmergent now expects lower-than-anticipated growth for the next two years, particularly in the purchase mortgage market, while refinance volumes are projected to rise due to a gradual decline in mortgage interest rates.
M2 Lending Solutions Taps LenderLogix to Provide Automated, Digital-First Borrower Experience
BUFFALO, N.Y., Sept. 24, 2024 (SEND2PRESS NEWSWIRE) -- LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, recently announced the addition of M2 Lending to its roster of clients utilizing LiteSpeed, QuickQual and Milestone Text Updates.
Dark Matter Technologies brings the NOVA LOS under its banner to serve a broader range of mortgage lenders
JACKSONVILLE, Fla., Sept. 23, 2024 (SEND2PRESS NEWSWIRE) -- Dark Matter Technologies (Dark Matter®), an innovative leader in mortgage technology, today announced the addition of the NOVA loan origination system (LOS) to its product lineup. Bringing the NOVA LOS under its banner alongside the Empower® LOS enables Dark Matter to offer two distinct LOS solutions and cater to a more diverse range of lender business models.
ProPair’s Q2 2024 Impact Study Reveals Significant Gains in Sales Conversions with Predictive Lead Assignments
SAN CARLOS, Calif /ScoopCloud/ -- ProPair, the fastest way for marketing and sales leaders to implement predictive AI, has released its Q2 2024 Impact Study, showcasing a substantial 46% improvement in sales conversions using Predictive Lead Assignments compared to standard lead assignment methods. This breakthrough underscores the growing importance of data-driven decision-making in sales strategies.
Critical Defect Rate Rises to 1.58%, Per ACES Mortgage QC Industry Trends Report
DENVER, Colo. /ScoopCloud/ -- 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 first quarter (Q1) of 2024. The latest report analyzes post-closing quality control data derived from ACES Quality Management & Control® software.
Optimal Blue Rolls Out Innovations in New UI, Gen AI, Originator Capabilities and New No-Cost Solutions
PLANO, Texas /ScoopCloud/ -- Optimal Blue today announced its extensive plans for innovation across its complete capital markets technology ecosystem leading up to its Optimal Blue Summit, where innovations will be unveiled live. New capabilities will be introduced into the core platform beginning in mid-September and continuing through the Optimal Blue Summit, a national user conference being held in San Diego in February.
NotaryCam hires Sam McPherson as new Head of Customer Success
HOUSTON, Texas /ScoopCloud/ -- NotaryCam®, a Stewart-owned company and a pioneering provider of remote online notarization technology for real estate and legal transactions, today announced the appointment of Sam McPherson as the new Head of Customer Success. In this role, McPherson will oversee customer relationships, focusing on delivering an exceptional client experience while driving retention and advocacy.
LenderLogix adds mortgage sales expert Ben Head as account executive
BUFFALO, N.Y. /ScoopCloud/ -- LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced Ben Head has joined the company as an account executive responsible for expanding LenderLogix' market share.
iEmergent receives The Mortgage Collaborative’s Lenders’ Choice award for Thought Leadership, Creativity & Innovation
DES MOINES, Iowa /ScoopCloud/ -- iEmergent, a forecasting and advisory services firm for the financial services, mortgage and real estate industries, was awarded The Mortgage Collaborative's 2024 Lenders' Choice Award for Thought Leadership, Creativity & Innovation. Laird Nossuli, iEmergent's CEO, and Bernard Nossuli, COO, accepted the award on Monday during TMC's "A Mile Above" Conference, held at the Hyatt Regency in Denver.
Rate-and-Term Refinances Surge 109% MoM in August as Mortgage Rates Decline
PLANO, Texas /ScoopCloud/ -- Optimal Blue today released its August 2024 Market Advantage mortgage data report, which reveals an overall 1% rise in rate lock volume despite the typical seasonal slowdown in purchase lending. Lock volume growth was driven by a surge in refinance activity as homeowners reacted to declining mortgage rates.
Optimal Blue to Host Inaugural Industry Summit February 3-5, 2025
PLANO, Texas /ScoopCloud/ -- Optimal Blue today announced it will host its inaugural Optimal Blue Summit from February 3-5, 2025, at the Marriott Marquis San Diego Marina. Set against the scenic backdrop of San Diego Bay, the Optimal Blue Summit 2025 will bring together clients from across primary and secondary mortgage networks to connect, learn, and share best practices for pricing and profitability.
MMI launches Refinder mortgage refinance tool to help lenders prepare for expected interest rate decline
SALT LAKE CITY, Utah /ScoopCloud/ -- Mobility Market Intelligence (MMI), a leader in data intelligence and market insight tools for the mortgage and real estate industries, today announced a new feature, Refinder, to help lenders uncover refinance opportunities in their database of past borrowers.
TMC Emerging Technology Fund Announces Newest Corporate Partner: Andromeda Division Constellation Software’s Perseus Operating Group
AUSTIN, Texas /ScoopCloud/ -- The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, announced today that the TMC Emerging Technology Fund LP has secured its first corporate partner, Andromeda. Andromeda is a Division of the Perseus Operating Group, of Constellation Software, Inc. (TSX: CSU; "Constellation").
MCT Reports a 3% Increase in Mortgage Lock Volume Backed by Increasing Refinance Activity
SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today a 3.33% increase in mortgage lock volume compared to the previous month. Despite a larger increase in rate/term volume, total mortgage volume remains relatively flat.
ACES Quality Management Executive Vice President of Compliance, Amanda Phillips, Selected to Speak at 2024 ACUMA Annual Conference
DENVER, Colo. /ScoopCloud/ -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced its Executive Vice President of Compliance Amanda Phillips will be speaking at the American Credit Union Mortgage Association (ACUMA) Annual Conference taking place September 29 through October 2, 2024 at the Bellagio Hotel & Casino in Las Vegas.
LenderLogix’s Patrick O’Brien Recognized as a 2024 HousingWire Vanguard Honoree
BUFFALO, N.Y. /ScoopCloud/ -- LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks and brokers, today announced Co-founder and CEO Patrick O'Brien has been selected by HousingWire as a 2024 Vanguard Award winner.
Dovenmuehle’s Ron Malik Named a 2024 Vanguard by HousingWire Magazine
LAKE ZURICH, Ill. /ScoopCloud/ -- Dovenmuehle Mortgage, Inc. (Dovenmuehle), a leading mortgage subservicing company, announced today that HousingWire has selected Ron Malik, Senior Vice President of Default Servicing as a 2024 Vanguard winner. This prestigious award recognizes executives in the housing economy for their outstanding leadership.
Dark Matter Technologies’ Chief Risk and Information Security Officer Michael Housch Honored with the 2024 HousingWire Vanguards Award
JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter), an innovative leader in mortgage technology backed by time-tested loan origination software and leadership, today announced that Michael Housch, its chief risk and information security officer (CISO), has been named a 2024 HW Vanguard. The awards program recognizes C-level industry professionals who have become leaders in their respective fields in the housing and mortgage industries.
Argyle’s Brian Geary honored with HousingWire’s 2024 Vanguard Award
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NEW YORK CITY, N.Y. /ScoopCloud/ -- Argyle, a platform providing automated income and employment verifications for some of the largest lenders in the United States, today announced its Chief Operating Officer Brian Geary has been honored with the 2024 HousingWire Vanguard Award. The award recognizes executives and business leaders in housing and mortgage finance whose leadership drives the market forward.
The Mortgage Collaborative Participates in FHFA 2024 TechSprint Showcasing Innovative Generative AI Solutions for Housing Challenges
WASHINGTON, D.C. /ScoopCloud/ -- Represented by its president and COO, Melissa Langdale, The Mortgage Collaborative's (TMC) "Open Angels" team were among the notable solutions recognized for their impact and potential at The Federal Housing Finance Agency (FHFA)-hosted Velocity TechSprint, spotlighting the transformative potential of generative AI in addressing the current housing market's pressing challenges.
MMI ranks No. 22 on Utah Fast 50 list of fastest-growing companies
SALT LAKE CITY, Utah /ScoopCloud/ -- Mobility Market Intelligence (MMI), a leader in data intelligence and market insight tools for the mortgage and real estate industries, today announced it ranks No. 22 on the 2024 Utah Business list of fastest-growing companies in the state. This marks MMI's third consecutive appearance on the list.
FormFree named TAG ADVANCE Award Winner
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ATHENS, Ga. /ScoopCloud/ -- FormFree®, a leader in financial technology since 2007, has been named a 2024 ADVANCE Award winner by The Technology Association of Georgia (TAG). Part of the Fintech South conference, the ADVANCE Awards program recognizes innovative U.S. fintech companies with a strong connection to Georgia.
ACES Quality Management Executives Selected to Speak at 2024 Mortgage Bankers Association Risk Management Conference and Expo
DENVER, Colo. /ScoopCloud/ -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced its Executive Vice President of Compliance Amanda Phillips and Executive Vice President of Operations, Sharon Reichhardt will speak at the 2024 Mortgage Bankers Association (MBA) Risk Management Conference taking place September 22-24, 2024, at the Grand Hyatt in Washington, DC.
iEmergent’s Redlining Roundtable will teach lenders to identify and prevent mortgage redlining while seizing the business opportunity of equitable lending
DES MOINES, Iowa /ScoopCloud/ -- iEmergent, a forecasting and advisory services firm for the financial services, mortgage and real estate industries, will host a webinar on mortgage redlining on Thursday, September 19, from 2 p.m. to 4 p.m. ET. "Redlining Roundtable: Don't Just Dodge Risk, Capture Opportunity" will bring together experts from across the housing finance industry to discuss the high price of modern-day mortgage redlining, the strategies lenders can use to identify and prevent unintentional discrimination, and the long-term value mortgage lenders can build through fair and equitable lending practices.
Vice Capital Markets Integrates with Digital-First LOS Mortgage Machine
NOVI, Mich. /ScoopCloud/ -- Vice Capital Markets, a leading mortgage hedge advisory firm for independent lenders, banks and credit unions, announced today it has completed its integration with Mortgage Machine™, an out-of-the-box, all-in-one loan origination system (LOS) designed to accelerate lenders' operational velocity and support an end-to-end digital origination process.
Informative Research Appoints Industry Leader Steve Schulz as Executive Vice President, Product Management
ST. LOUIS, Mo. /ScoopCloud/ -- Informative Research, a leading technology platform that delivers data-driven solutions to the lending community, announced the appointment of Steve Schulz as the new executive vice president of product management. This strategic addition highlights Informative Research's commitment to driving innovation and enhancing its product offerings to better serve its clients.
Argyle is now an approved service provider supporting Freddie Mac’s AIM
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NEW YORK CITY, N.Y. /ScoopCloud/ -- Argyle, a platform providing real-time income and employment verifications for some of the largest lenders in the United States, is now an approved third-party service provider supporting Freddie Mac's Loan Product Advisor® (LPA℠) asset and income modeler (AIM), a solution that simplifies the mortgage underwriting process for lenders. Argyle's verification of income and employment (VOIE) solution, which includes reports, pay stubs and W-2s, saves lenders 5-7 days per loan and 60-80% in costs compared to legacy VOIE providers.
Mortgage Machine Services Enhances AI-Powered Document Management System to Accelerate Loan Processing Speed
ADDISON, Texas /ScoopCloud/ -- Mortgage Machine Services, an industry leader in digital origination technology to residential mortgage lenders, announced the launch of Auto Split, an enhancement to the Click n' File document management system embedded into the Mortgage Machine™ loan origination system (LOS).
Informative Research Unveils Enhancements to Its Suite of Mortgage Portfolio Monitoring Alerts
GARDEN GROVE, Calif. /ScoopCloud/ -- Informative Research, a leading technology platform that delivers data-driven solutions to the lending community, announced the launch of new alert types to enhance the portfolio monitoring service offered by Informative Research Data Solutions. These advanced alerts offer sophisticated monitoring capabilities, enrich lenders' portfolio monitoring and borrower engagement strategies and solidify Informative Research as a data solutions leader in the mortgage industry.
Teal Makes the Inc. 5000, at No. 2093, for the 6th Time
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WASHINGTON, D.C. /ScoopCloud/ -- Inc. revealed today that Teal ranks No. 2093 with a three-year revenue growth of 251% on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy's most dynamic segment-its independent, entrepreneurial businesses.
Accountable CRM Launches First Activity-Based Platform for Mortgage Teams
AUSTIN, Texas /ScoopCloud/ -- 90-Day Sales Manager proudly launches the first activity-based CRM with built-in coaching and accountability for mortgage teams at credit unions and community banks. The 3-in-1 platform provides mortgage departments an affordable solution to help loan officers stay productive during challenging times.
July Refinance Activity Hits Highest Levels Since September 2022
PLANO, Texas /ScoopCloud/ -- Optimal Blue today released its July 2024 Market Advantage mortgage data report, which revealed that mortgage refinance demand surged to levels not seen since September 2022 amid softening interest rates. The lower interest rates seen in July also coaxed increased purchase activity, which, combined with greater refi activity, drove a 3.5% month-over-month (MoM) increase in mortgage rate lock volumes.