Tag Archives: Mortgage

Mortgage Lenders Lifted by Collaboration During Extended Period of Margin Compression, Regulatory Chaos, and Technology Transformation, reports The Mortgage Collaborative

SAN DIEGO, Calif., May 2, 2025 (SEND2PRESS NEWSWIRE) — Navigating a prolonged era of complexity marked by compressed margins, fierce recruiting wars, regulatory uncertainty, and rapid technological transformation, mortgage lenders find guidance and support in collaboration, according to The Mortgage Collaborative (TMC), an industry-leading organization for mortgage lenders of every variety. In an industry dominated by unprecedented challenges including the potential privatization of Fannie Mae and Freddie Mac to the rise of AI-driven operations, mortgage businesses need shared knowledge, tools, and strategies more than ever.

Image caption: The Mortgage Collaborative (TMC).

“Trials of this magnitude are less overwhelming with a community navigating shared challenges alongside you,” said Jodi Hall, CEO of The Mortgage Collaborative. “Even in a tough market, growth opportunities exist, and TMC equips our members with the connections, insights, and, frankly, emotional support to thrive despite the headwinds.”

In an industry where isolation can stifle innovation, TMC’s collaborative model fosters an environment of openness and mutual support. Its Collaboration Labs, for example, offer members a safe space to tackle shared challenges, brainstorm solutions, and adopt cutting-edge practices, from improving operational efficiency with AI to navigating slim profit margins.

“Reflecting on another uncertain time, during COVID, belonging to TMC was like therapy,” said Eric Burgoon, EVP and Chief Lending and Experience Officer at Lake Michigan Credit Union. “TMC’s conferences and working groups continue to help us refine origination strategies, connect with technology partners, and embrace innovations. I can’t imagine navigating today’s market without TMC—it’s a game-changer.”

TMC’s impact goes beyond business results. Its inclusive approach strengthens bonds between independent mortgage banks (IMBs), credit unions, and banks, fostering relationships that transcend competition. The result is a network where members feel supported, empowered, and better equipped to manage the complexities of today’s market.

“TMC has been a catalyst for our growth,” said Ryan Doehrmann, Chief Consumer Lending Officer at GreenState Credit Union. “The relationships I’ve built through TMC are invaluable—we’re comfortable sharing ideas and learning from one another. For credit unions, it’s rare to have such a tight-knit, transparent community that delivers personal and professional value.”

From tackling affordability concerns to preparing for the future of AI in mortgage lending, TMC’s vision is to ensure members have the resources and camaraderie to overcome obstacles together.

“TMC is about more than solving immediate challenges,” said Hall. “It’s about building a future where collaboration and innovation allow our members to achieve their full potential. In this industry, no one should have to go it alone.”

To learn more about how TMC redefines collaboration in the mortgage industry, contact Director of Membership Growth, Toni Bramley.

About The Mortgage Collaborative

The Mortgage Collaborative (TMC) is a membership-driven organization that empowers mortgage lenders across the United States through networking, education, and advocacy. TMC fosters an environment of collaboration and innovation, ensuring its members succeed regardless of market conditions. 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.

To view the original story, visit: https://www.send2press.com/wire/mortgage-lenders-lifted-by-collaboration-during-extended-period-of-margin-compression-regulatory-chaos-and-technology-transformation-reports-the-mortgage-collaborative/

Optimal Blue Brings AI-Powered Originator Assistant to Market, Helping Originators Present Best Possible Loan Options to Borrowers

Leader in mortgage capital markets technology delivers on innovations unveiled at Summit user conference

PLANO, Texas, May 1, 2025 (SEND2PRESS NEWSWIRE) — Optimal Blue today announced the general availability of Originator Assistant, a powerful addition to the Optimal Blue PPE. Leveraging generative AI, Originator Assistant eliminates human bias in the loan structuring process and helps originators identify all options for a borrower, providing more ways to help consumers realize the American dream of homeownership.

Image caption: Optimal Blue.

Unveiled at the inaugural Optimal Blue Summit in February and now available to all Optimal Blue PPE clients using the enhanced originator interface, Originator Assistant is an AI-powered recommendation engine that simplifies loan structuring by identifying alternate scenarios with more competitive pricing. The tool automatically detects pricing breakpoints and suggests opportunities for more strategic loan discussions, saving loan officers time and eliminating manual guesswork. The tool evaluates loan options based on various parameters while searching for pricing incentives on the peripheral or opportunities for adjustment to achieve different terms. Combined with Scenario Optimizer, which enables side-by-side comparisons, Originator Assistant gives lenders a distinct advantage in presenting the best options to borrowers.

Further building on its delivery of innovation, Optimal Blue also announced the beta release of enhanced Lock Extensions workflows, a feature reimagined in close collaboration with the company’s clients. The feature gives lenders greater control, automation and flexibility over lock extension policy management. The new Lock Extensions experience allows Optimal Blue PPE users to configure policies across multiple investors using global product groups, significantly reducing manual work and complexity. It also introduces a step-by-step configuration workflow, advanced toggles to support compliance considerations, and automation tools for processing and tracking extension requests. Together, Originator Assistant and Lock Extensions help lenders respond faster to market conditions, reduce manual error and apply lock policies with greater consistency and precision.

“Originator Assistant and our enhanced Lock Extensions feature are great examples of how we listen closely to our customers and build solutions that solve real problems,” said Erin Wester, chief product officer at Optimal Blue. “These latest enhancements demonstrate that innovation is not just a promise at Optimal Blue, it’s a practice. Our clients can continue to expect exciting product updates as Optimal Blue heads toward the MBA Secondary and Capital Markets conference later this month.”

Both enhancements are accessible by Optimal Blue PPE clients with no setup required. Originator Assistant runs automatically, and existing lock extension policies will be migrated to the new Lock Extensions experience, allowing clients to begin making updates right away. Additional innovations introduced at the Optimal Blue Summit, including Rules Optimizer, Ask Obi and the Solution Center, are expected to reach general availability later this spring.

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/.

LOGO link for media: https://www.Send2Press.com/300dpi/14-0625-s2p-optimal-blue-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-brings-ai-powered-originator-assistant-to-market-helping-originators-present-best-possible-loan-options-to-borrowers/

Cloudvirga launches Tropos, a modern borrower portal built for the future of digital lending

Modular design, rapid deployment and a borrower-first experience help lenders stand out and scale smarter

IRVINE, Calif., May 1, 2025 (SEND2PRESS NEWSWIRE) — Cloudvirga, a Stewart-owned provider of digital point-of-sale platforms for lenders, today announced the launch of Tropos, a next-generation borrower portal that will empower lenders to deliver personalized, intuitive digital experiences from initial application through clear-to-close. Designed with the flexibility to support a variety of consumer lending products, Tropos enhances Cloudvirga’s POS ecosystem with a modular, customer-first solution that helps lenders drive engagement, reduce time to close and establish lasting borrower relationships.

Image caption: Tropos, a next-generation borrower portal.

Tropos isn’t just a new portal. It’s Cloudvirga’s bold answer to what’s been missing in digital lending: a unified borrower experience that adapts to a lender’s real-world operations without requiring tech stack overhauls or lengthy implementations.

“With Tropos, lenders finally get what they’ve been missing: a smarter, more human loan application and processing experience that doesn’t force tradeoffs between automation and connection,” said Maria Moskver, CEO of Cloudvirga. “It’s flexible enough to grow with your business, fast enough to implement in weeks and powerful enough to help you build loyalty from the very first click or tap.”

Designed for real-world lending, not rigid templates, Tropos reflects direct input from Cloudvirga’s lender advisory panel and was developed to address today’s operational realities. It debuts with a strong value proposition for lenders looking to modernize the borrower experience across channels. Key features include:

A modular architecture that enables lenders to implement only the workflows and features they need today, with the flexibility to expand over time
Real-time progress updates and an adaptive Action Center that keep borrowers informed and engaged throughout the loan process
A borrower-first design that blends intuitive self-service with seamless transitions to human support when needed
Configurable messaging and support for multiple languages to help lenders personalize communications without adding complexity

Fast to deploy, built to evolve

Tropos is built for speed and flexibility, with a modern cloud-based architecture and infrastructure-as-code (IaC) approach that supports deployment in weeks—not months. Its lightweight design and product-agnostic integration layer allow lenders to connect Tropos with any existing LOS or third-party provider. Lenders can easily tailor application flows, tasks and notifications without the need for custom development or major IT investment.

Tropos also gives lenders the tools to continuously optimize the digital experience, including A/B testing, real-time messaging updates and data-driven insights to improve borrower engagement over time.

“With Tropos, we’re helping lenders move beyond transaction-based digital tools to a future where the portal becomes a trusted extension of their brand,” said Cloudvirga SVP of Product Strategy and Technology Operations Jessica Evett. “It’s about more than closing loans. It’s about building trust, loyalty and lifetime customer value.”

To explore how Tropos can elevate your borrower experience, schedule a personalized consultation at https://www.lendwithtropos.com/.

‍About Cloudvirga

Cloudvirga is a leading provider of digital point-of-sale platforms designed to engage borrowers and increase lending efficiency. Its modular solutions help lenders streamline the loan process, improve accuracy and scale operations without sacrificing the human touch. Cloudvirga is a subsidiary of Stewart Information Services Corporation (NYSE: STC), a customer-focused, global title insurance and real estate services company. For more information, visit https://www.cloudvirga.com/.

Tags: @Cloudvirga #digitallending #fintech #consumerlending #mortgagetech #lending

NEWS SOURCE: Cloudvirga Inc.

This press release was issued on behalf of the news source (Cloudvirga 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/cloudvirga-launches-tropos-a-modern-borrower-portal-built-for-the-future-of-digital-lending/

Envoy Mortgage expands down payment assistance reach with Down Payment Resource partnership after successful pilot

Pilot results spark full rollout of Down Payment Resource tools to boost efficiency and expand access

ATLANTA, Ga., April 30, 2025 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry’s leading provider of technology that connects homebuyers with homebuyer assistance programs, today announced that Envoy Mortgage (Envoy) will implement DPR’s suite of software tools across its national footprint. The move follows a successful pilot and reflects Envoy’s commitment to expanding down payment assistance (DPA) offerings while maintaining operational efficiency and reducing repurchase risk.

Image caption: Down Payment Resource.

Founded in 1997 as First Houston Mortgage, Envoy has helped more than 200,000 homebuyers across nearly 49 states. With a 98% customer satisfaction score, the Houston-based mortgage company has long prioritized both service and innovation. As its lending operations continue to scale nationwide, Envoy recognized the need for a more robust, data-driven approach to managing DPA programs.

“Partnering with DPR allows us to accelerate our goal of making affordable homeownership accessible to more people without needing to add headcount,” said Katrina Cummins, senior vice president of strategic initiatives at Envoy. “Its platform helps us streamline DPA management, while giving our teams the tools they need to better serve borrowers at every income level.”

During the pilot, Envoy documented significant time savings and process efficiencies, eliminating the need for an additional full-time hire, saving an estimated $70,000 to $80,000 annually. Beyond cost savings, the integration supports more informed lending decisions and a lower loan-to-value ratio for qualifying borrowers and is key to increasing access for low-to-moderate-income buyers.

“Down payment assistance can make a critical difference for homebuyers, especially those just starting their wealth-building journey,” said Jesse Passafiume, president of Envoy. “DPR’s platform has been a game-changer, reducing risk and enabling our team to offer these programs with greater confidence.”

Envoy is currently rolling out DPR’s technology across its branches. Phase 1 includes training for loan officers and underwriters, while Phase 2 will focus on integrating DPR directly into Envoy’s Encompass® loan production system. Phase 3 will explore API integration to capture qualified DPA leads in real time.

“Envoy is known for its people-first approach and high-touch service,” said Rob Chrane, founder and CEO of DPR. “With this partnership, it’s expanding what’s possible for buyers across the country. We’re proud to support Envoy’s efforts to make DPA more accessible, efficient, and impactful.”

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 2,500 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 #homeownership #housingaffordability

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.

To view the original story, visit: https://www.send2press.com/wire/envoy-mortgage-expands-down-payment-assistance-reach-with-down-payment-resource-partnership-after-successful-pilot/

iEmergent releases 2024 HMDA insights: IMBs dominate, refinances rise, equity gaps persist

Data insights now available in Mortgage MarketSmart highlight rising refi activity, IMB dominance and persistent equity gaps

DES MOINES, Iowa, April 29, 2025 (SEND2PRESS NEWSWIRE) — iEmergent, a forecasting and advisory services firm for the financial services, mortgage and real estate industries, has released its analysis of 2024 Home Mortgage Disclosure Act (HMDA) data in Mortgage MarketSmart. The insights, shared by iEmergent CEO Laird Nossuli, highlight a modest market recovery from 2023 alongside deepening disparities in borrower outcomes and a reshuffling of lender dynamics.

Image caption: iEmergent.

TOP TAKEAWAYS FROM 2024 HMDA DATA:

Mortgage lending volume rebounded slightly, driven by a resurgence in refinancing.
In 2024, U.S. lenders originated a combined 4.9 million loans totaling $1.67 trillion in dollar volume across purchase and refi, up from $1.45 trillion in 2023. Refinances surged 63% by dollar volume to $393.7 billion and accounted for nearly a quarter (23.5%) of purchase and refi dollars, up from 16.7% in 2023.
Independent mortgage banks (IMBs) extended their lead.
IMBs originated 65.4% of all purchase and refinance loans in 2024, up from 61.3% in 2023. They also claimed 16 of the top 25 spots by dollar volume and 17 by loan count, underscoring their continued role as the primary engine of mortgage lending despite representing just 18% of reporting institutions.
Borrowers are taking out bigger loans, amplifying affordability concerns.
The average size of purchase and refinance loans grew in 2024, reaching $339,903 (up from $323,282 in 2023). Rising home prices and interest rates continue to widen the gap between what buyers can afford and what they must borrow.
Denial rates ticked up, with notable differences by lender type.
People of color households made up a growing share of applicants in 2024, but approval rates remained unequal. Black borrowers, for instance, faced an 18% denial rate for purchase loans compared to 9% for non-Hispanic white applicants. While banks and credit unions lowered their denial rates year over year, IMBs saw a slight increase—contributing to uneven outcomes, since IMBs originated the majority of loans. Debt-to-income (DTI) ratios remained the most common denial reason across all racial and ethnic groups.
Dominance by leading lenders continues to intensify.
The top five lenders accounted for nearly 20% of all loans and dollars originated in 2024, a notable uptick from 2023. This growing market concentration signals intensifying consolidation and competition among top-tier lenders.

“2024 brought modest recovery to the mortgage market, but also highlighted some of the structural inequities and concentration trends that shape lending outcomes today,” said Nossuli. “iEmergent’s Mortgage MarketSmart puts this data into context—geographically, demographically, and competitively—so lenders can find smarter ways to grow and serve their markets.”

LENDERS CAN NOW BENCHMARK PERFORMANCE AND PLAN FOR GROWTH

The integration of 2024 HMDA data into Mortgage MarketSmart allows lenders to benchmark their performance against peers across categories such as:

Purchase and refi loan volumes (units and dollars)
Borrower race and ethnicity
Loan type and size
Borrower income levels
Denial reasons by demographic group

With side-by-side comparisons of HMDA data, historical trends and forward-looking forecasts, Mortgage MarketSmart empowers lenders to identify gaps, meet Community Reinvestment Act (CRA) obligations and reach underserved markets.

To explore 2024 HMDA insights in Mortgage MarketSmart, request a demo at https://www.iemergent.com/.

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/.

Tags: @iEmergent #HMDA #housing #mortgage #data

Media Kit (PDF):
https://www.iemergent.com/docs/default-source/default-document-library/presskit_digitallinked.pdf

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.

To view the original story, visit: https://www.send2press.com/wire/iemergent-releases-2024-hmda-insights-imbs-dominate-refinances-rise-equity-gaps-persist/

Victorian Finance Switches to LiteSpeed by LenderLogix for Point-of-Sale

LiteSpeed provides digital-first, mobile-friendly capabilities, enhancing borrower experiences

BUFFALO, N.Y., April 29, 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 that Victorian Finance, an independent mortgage lending company, has implemented LiteSpeed™ to replace its legacy point-of-sale (POS) system. Victorian Finance will use LiteSpeed to provide borrowers with an automated, digital-first mortgage experience.

Image caption: LenderLogix.>

“With LiteSpeed, we’re well-positioned to meet the evolving needs of our borrowers by leveraging features and functionality that weren’t previously available to us,” said Victorian Finance President Sonny Bringol. “Its advanced capabilities allow us to streamline processes, enhance efficiency, and improve the borrower experience in ways that weren’t possible before. With LiteSpeed, we can scale more effectively and deliver faster, smoother loans.”

LiteSpeed allows loan officers (LOs) to provide personalized application links with customized document checklists, simplifying lending processes for both borrowers and LOs. Borrowers can upload files through a user-friendly interface. Files are automatically integrated into Encompass®, saving LOs significant time by eliminating manual handling.

LiteSpeed accelerates loan approvals and enhances efficiency for all parties involved by automating repetitive tasks and reducing processing delays. The platform is fully customizable to align with an institution’s branding, mobile-friendly and SOC 2 compliant.

“LiteSpeed is designed to help lenders simplify their workflows and connect with borrowers more effectively,” said LenderLogix Co-Founder and CEO Patrick O’Brien. “We’re committed to equipping our clients with tools that drive efficiency while delivering an experience borrowers expect in today’s digital-first environment.”

Visit https://lenderlogix.com/contact to request a demo.

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 https://www.lenderlogix.com/.

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/victorian-finance-switches-to-litespeed-by-lenderlogix-for-point-of-sale/

The Big Picture webcast spotlights mortgage industry power players in May lineup

CLEVELAND, Ohio, April 28, 2025 (SEND2PRESS NEWSWIRE) — Top mortgage industry webcast The Big Picture, broadcast live every Thursday at 3 p.m. ET, announced a powerful guest lineup for May featuring five leaders shaping the future of housing, lending and financial regulation. The webcast is co-hosted by mortgage business consultant and executive coach Rich Swerbinsky and capital markets expert Rob Chrisman, author of the widely read Chrisman Commentary newsletter.

Image caption: The Big Picture webcast spotlights mortgage industry power players in May lineup.

Each weekly episode explores industry trends through candid conversations with top mortgage professionals, technologists and policymakers. The webcast’s May guests will include:

Thursday, May 1:
Sarah Middleton, chief growth and marketing officer at Supreme Lending, will discuss scaling a national brand through purpose-driven leadership and simplifying operations to empower loan officers and support long-term growth.
Thursday, May 8:
Justin Messer, president and CEO of Prosperity Home Mortgage, will share insights into customer experience, strategic expansion and how Prosperity has closed more than $60 billion in loans over the past five years.
Thursday, May 15:
Shmulik Fishman, CEO of Argyle, will explore critical issues shaping the future of mortgage tech, including the balance between data privacy compliance and user experience, the push for interoperability in mortgage systems, the impact of remote work on scalability and the responsible use of alternative data to expand homeownership.
Thursday, May 22:
Steve Richman, a nationally recognized speaker and trainer who has presented in every state to over 750,000 mortgage and real estate professionals, will offer strategies for thriving in any market and building connection and trust through powerful storytelling.
Thursday, May 29:
Rod Alba, senior vice president and senior regulatory counsel at the American Bankers Association, will break down the latest regulatory developments affecting mortgage lenders and share practical insights for navigating compliance in a volatile environment.

Mortgage professionals and industry media can register for the webcast and access past episodes at https://www.chrismancommentary.com/the-big-picture

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 industry newsletter, 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 https://www.chrismancommentary.com/the-big-picture to subscribe.

Tags: @SupremeLending @withArgyle @PHMLoans @ABABankers #mortgageleadership #fintech #housingpolicy #mortgageinnovation

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.

To view the original story, visit: https://www.send2press.com/wire/the-big-picture-webcast-spotlights-mortgage-industry-power-players-in-may-lineup/

Dark Matter launches Developer Portal, opening the Empower LOS to external innovation

New portal provides open APIs, code samples and tools to accelerate third-party development

JACKSONVILLE, Fla., April 24, 2025 (SEND2PRESS NEWSWIRE) — Dark Matter Technologies (Dark Matter®), an innovative leader in mortgage technology, today unveiled a new Developer Portal during its second annual Horizon user conference.

Image caption: Dark Matter Technologies.

The Developer Portal marks a significant evolution for the Empower® loan origination system (LOS), moving from API access to a fully open API ecosystem. By providing external developers with self-service access to documentation, code samples and integration guides, the portal removes barriers to innovation and enables clients and partners to build on Empower with greater speed and independence.

“By making our APIs and developer resources more accessible, we’re unlocking new possibilities for our clients and partners to solve their unique business challenges, differentiate their offerings and move more quickly from concept to implementation,” said Sean Dugan, CEO of Dark Matter.

Designed with the developer experience in mind, the portal delivers a modern, frictionless interface that helps users get up and running fast. It supports a wide range of development use cases, from integrating customer relationship management systems to building custom workflows, allowing organizations to extend the Empower platform in ways that align with their business strategies.

“While Dark Matter has long offered APIs, this launch represents a major leap forward in how we support developers,” said Vikas Rao, deputy chief product officer at Dark Matter. “We’ve intentionally designed this portal to give developers everything they need to be productive, from clean documentation to practical code samples, so that they can build innovative tools on Empower with minimal friction.”

The Developer Portal is available now to all Empower LOS customers at no additional cost. Clients can access the portal by contacting their account manager for support.

Dark Matter’s Horizon user conference is an invitation-only event April 23-25 and focused on exploring the “horizon” of mortgage technology.

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 powerful technology with unparalleled automation and relentless innovation to leading mortgage lenders, servicers and companies nationwide. For more information, visit www.dmatter.com.

Tags: @dmattertech #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/dark-matter-launches-developer-portal-opening-the-empower-los-to-external-innovation/

43 new assistance programs were added during the first quarter of 2025, expanding support for more homebuyers

Down Payment Resource's Q1 2025 HPI Report finds 2,509 homebuyer assistance programs available nationwide with an average benefit of $18,000

ATLANTA, Ga., April 22, 2025 (SEND2PRESS NEWSWIRE) — Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q1 2025 Homeownership Program Index (HPI) report. The report saw the number of entities offering homebuyer assistance programs increase by 55 year-over-year (YoY). The number of programs increased by 43 during the first quarter, bringing the total number of available programs to 2,509.

Image caption: Down Payment Resource’s Q1 2025 HPI Report.

Down payment assistance (DPA) can be used by lenders to lower a homebuyer’s loan-to-value (LTV) ratio by an average of 6%. The average benefit is $18,000.

“Rates are still high and prices keep climbing, but we’re seeing expanded program offerings, new providers and greater flexibility in how funds are used — not just for down payments but also to cover closing costs, lower the rate or meet other buyer needs,” said Rob Chrane, founder and CEO of DPR. “More programs now include manufactured and multi-family homes, opening new paths to affordability and steady income. For lenders, that means more ways to qualify buyers and close loans in a tough market.”

KEY Q1 2025 HPI REPORT FINDINGS

An examination of the existing 2,509 homebuyer assistance programs on April 4, 2025, resulted in the following key findings:

43 homebuyer assistance programs were added in Q1 2025, a 2% increase from Q4 2024. 952 programs (38%) are available to repeat buyers. 240 programs (10%) do not have income restrictions, increasing the number of buyers who might qualify for assistance. 29 programs support first-generation homebuyers, an increase of 16% over the last quarter.
”Other homebuyer assistance” programs increased 35% from the previous quarter, below-market-rate (BMR)/resale-restricted programs increased 18% and grant programs grew 7%. BMR/resale-restricted programs offer housing at prices lower than the open market, with restrictions on resale to ensure affordability for future buyers, typically low-to moderate-income households.
80% of DPAs in Q1 were deferred payment programs, a 3% increase from the previous quarter. With a deferred payment loan, borrowers don’t make monthly payments, and the balance is typically due when they sell or refinance or the loan matures. Many of these loans are also forgivable. 53% of DPAs in Q1 offered partial or full forgiveness over time, as long as the homeowner meets certain requirements, such as maintaining primary residency.
990 programs (39%) were offered through local housing finance agencies (HFAs), virtually unchanged from the previous quarter. Nonprofits accounted for 21%, a 2% increase over the previous quarter. State FHAs represented 18%, a slight drop from the previous quarter.
The number of programs supporting manufactured housing grew 6%, from 914 in Q4 2024 to 971 in Q1 2025. Manufactured homes are considered to be an affordable housing supply since they are significantly cheaper to purchase than site-built homes, with average costs per square foot around $87 versus $166 according to the Manufactured Housing Institute.
833 programs supported the purchase of multi-family housing, a 3% increase from the previous quarter. Of these, a growing number of programs support purchasing three-unit homes (562) and four-unit homes (536). Investing in multifamily properties can generate cash flow and potentially offer tax advantages to buyers.
20 programs offered special funding to surviving military spouses, an 18% increase from the previous quarter, while energy efficiency programs grew by 17%. Other incentive programs included 69 for educators, 56 for protectors (jobs focused on safeguarding people, property, or information), 50 to assist military veterans, and 50 for Native Americans.

A more detailed analysis of the Q1 2025 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/weve-added-43-programs-in-q1-2025-and-55-providers-since-q1-2024/.

For a complete list of homebuyer assistance programs by state, visit https://downpaymentresource.com/wp-content/uploads/2025/04/HPI-state-by-state-data.Q12025.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:

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

NEWS SOURCE: Down Payment Resource

To view the original story, visit: https://www.send2press.com/wire/43-new-assistance-programs-were-added-during-the-first-quarter-of-2025-expanding-support-for-more-homebuyers/

Class Valuation expands sales leadership with industry veterans Jim Bannister and Scott Shaw

TROY, Mich., April 22, 2025 (SEND2PRESS NEWSWIRE) — Class Valuation, a leading real estate appraisal management company (AMC), announced today the expansion of its national sales team with the appointments of Jim Bannister and Scott Shaw as senior sales executives. Together, they bring over 45 years of combined experience in mortgage lending, financial services and technology to the company’s expanding leadership.

Image caption: (L-R) Jim Bannister and Scott Shaw of Class Valuation.

Bannister is a seasoned mortgage lending sales executive with over 20 years of experience helping lenders and servicers achieve their strategic goals. Renowned for his consultative sales approach and extensive product expertise, Bannister has received industry recognition for providing customized mortgage solutions and consistently surpassing sales targets at Cotality (formerly CoreLogic Inc.), First American Financial Corp. (NYSE: FAF), Black Knight Financial Services and Intercontinental Exchange, Inc. (NYSE: ICE). His client-first mentality and strong industry relationships will foster ongoing growth and service excellence at Class Valuation.

“There’s a clear shift occurring in the valuation space—and Class is at the forefront,” Bannister said. “I’ve witnessed firsthand how lenders react to their innovative technology and exceptional service. This is the type of momentum you want to join when you’re committed to delivering real impact.”

Shaw joins Class Valuation with more than 25 years of experience in financial technology and mortgage lending. He has held senior sales roles at Intel (NASDAQ: INTC), Cotality, First American Financial Corp., Black Knight Financial Services and ICE, showcasing a proven record of leading high-growth initiatives including doubling revenue at Clear Capital and generating over $12 million in new revenue at ICE. He is widely recognized as a trusted advisor to top industry executives and has established a strong reputation for product knowledge, leadership and team mentorship.

“Class isn’t just evolving, it’s redefining what modern valuation looks like,” said Shaw. “This team is thinking bigger, moving faster and tackling problems that others haven’t even attempted. It’s a unique opportunity to help shape a market alongside people who truly understand where the industry is headed.”

“The addition of Jim and Scott marks an exciting milestone as we continue to invest in top-tier talent that supports our clients’ success,” said John Fraas, CEO of Class Valuation. “Their leadership and deep industry connections will strengthen our ability to deliver unmatched value through innovation, service and strategic partnerships.”

Class Valuation’s expanding team embodies the company’s mission to modernize the appraisal process with innovative data, AI and automation while still delivering the hands-on service that lenders depend on.

About Class Valuation

Class Valuation is a leading nationwide appraisal management company (AMC) renowned for its commitment to fast turn times, exceptional quality and unparalleled client service. The company leverages a powerful combination of skilled professionals, innovative products, streamlined processes and advanced technology to empower lenders in fulfilling homeownership dreams. Consistently recognized by top mortgage lenders for its outstanding performance, Class Valuation has also earned accolades as a top workplace and received numerous industry awards. Founded in 2009, Class Valuation is headquartered in Troy, Michigan. For more information please visit https://www.classvaluation.com.

Tags: @ClassValuation #appraisal #valuation #lending #peoplemovers

NEWS SOURCE: Class Valuation

This press release was issued on behalf of the news source (Class Valuation), 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/class-valuation-expands-sales-leadership-with-industry-veterans-jim-bannister-and-scott-shaw/

iEmergent’s Nossuli duo to unpack SPCP fallout and early HMDA trends on The Big Picture

CLEVELAND, Ohio, April 21, 2025 (SEND2PRESS NEWSWIRE) — Top mortgage industry webcast The Big Picture, broadcast live every Thursday at 3 p.m. ET, this week features iEmergent CEO Laird Nossuli and COO Bernard Nossuli. The husband-and-wife leadership team will join co-hosts Rich Swerbinsky, mortgage business consultant and executive coach, and Rob Chrisman, editor-in-chief of the widely followed Chrisman Commentary newsletter, to explore the critical role of special purpose credit programs (SPCPs) in expanding credit access and building sustainable business growth.

Image caption: (R-L) iEmergent CEO Laird Nossuli and COO Bernard Nossuli.

During the episode, the Nossulis will share timely insights into the implications of the Federal Housing Finance Agency’s recent directive halting GSE support for SPCPs. Drawing on iEmergent’s performance data, they’ll make a compelling case for why private SPCPs remain a strong strategy for lenders looking to grow volume and serve creditworthy borrowers often excluded from traditional lending channels. The discussion will also cover highlights from iEmergent’s early analysis of the newly released 2024 HMDA data, offering lenders a first look at emerging market trends before most have finished parsing the numbers.

Laird Nossuli has led iEmergent’s evolution into the industry’s premier provider of forward-looking market intelligence. A national partner in the Mortgage Bankers Association’s CONVERGENCE initiative and a frequent collaborator on housing equity efforts, she is widely recognized for her expertise in data-driven strategies to reach underserved communities.

Bernard Nossuli combines deep operational expertise with a background in analytics and finance. A longtime architect of iEmergent’s forecasting models, Bernard brings practical insights on operationalizing inclusive lending strategies while maintaining sound risk management.

Their episode will air live on Thursday, April 24, at 3 p.m. ET. Mortgage professionals can register for the webcast and access past episodes at https://www.chrismancommentary.com/the-big-picture.

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 https://www.chrismancommentary.com/the-big-picture to subscribe.

NEWS SOURCE: The Big Picture Mortgage Webcast

To view the original story, visit: https://www.send2press.com/wire/iemergents-nossuli-duo-to-unpack-spcp-fallout-and-early-hmda-trends-on-the-big-picture/

Friday Harbor raises $6M to help community mortgage lenders match the speed and efficiency of industry giants

AI-powered platform enables lenders of all sizes to close loans faster, reduce costs and ensure compliance in real time

SEATTLE, Wash., April 15, 2025 (SEND2PRESS NEWSWIRE) — Friday Harbor, an AI-powered platform that helps loan officers assemble complete and compliant loan files in real time, today announced the completion of a $6 million seed round. The round was led by Abstract Ventures, a San Francisco-based venture firm with $1.5 billion in assets under management and a track record of backing breakout companies including Rippling, xAI, Hebbia, Brigit and Hippo (NYSE: HIPO) and Mischief, an early-stage VC fund co-founded by Plaid CEO Zach Perret.

Image caption: Friday Harbor, Inc. logo.

Also participating in the round were Wischoff Ventures, a VC firm founded by Blend (NYSE: BLND) alum Nichole Wischoff; and the AI2 Incubator, a technical incubator born from the Allen Institute for AI (AI2).

With Friday Harbor’s platform, lenders of all sizes can leverage AI to read and interpret borrower documents, generate a borrower-specific needs list, underwrite files and flag potential conditions—all in real time. Each flagged issue includes a suggested resolution, enabling loan officers to take action with a single click. By compressing what typically takes weeks of back-and-forth into just minutes, Friday Harbor reduces downstream friction and accelerates time to close.

Friday Harbor was founded with a mission to make advanced AI tools accessible to all lenders—not just those with the biggest budgets. By replacing outdated, manual workflows and automating key underwriting steps, the platform empowers banks, credit unions and independent mortgage banks (IMBs) to match—or even surpass—the speed, cost-efficiency and borrower experience of mega-lenders like Rocket Companies and United Wholesale Mortgage, which together accounted for one-fifth of all IMB originations in 2024, according to Home Mortgage Disclosure Act data.

“I’ve always believed AI could be the great equalizer in mortgage lending,” said Friday Harbor CEO and Co-founder Theo Ellis. “Thousands of lenders deserve access to the same tools as the mega-lenders—and in many cases, they’re now doing things the biggest players can’t. That’s what happens when you give lenders technology built by people who truly understand both AI and mortgage.”

Early adopters of Friday Harbor confirm the system’s ability to address costly ‘stare and compare’ tasks and mitigate errors that slow loan production:

“My LOs can’t stop talking about how much time they’re saving. Friday Harbor helps our team get ahead of potential issues before files even reach underwriting. That kind of early insight speeds up the process and creates a smoother experience for everyone—especially the borrower. I’ve never seen anything else like it.”
—Taylor Stork, chief operating officer at Developer’s Mortgage Company
“Since partnering with Friday Harbor, we’ve seen a clear transformation in how we manufacture loans, our processing capacity has nearly tripled without adding headcount, our cost to originate is down and we’re submitting cleaner loans that move through underwriting faster. Partnering with Friday Harbor is not just an efficiency gain, it’s a competitive advantage that moves the needle in a big way.”
—Rob Jewett, chief operating officer at NewFed Mortgage
“We started as a design partner of Friday Harbor because it is one the few uses of actual AI in analyzing documents being collected from borrowers. We teamed up early because we knew a real, document-level AI would slash the busywork for underwriters and processors. Less back-and-forth, fewer headaches—everybody wins.”
—Kevin Peranio, chief lending officer at Paramount Residential Mortgage Group
“Friday Harbor tackles some of the biggest challenges that keep lenders up at night. It’s like having an expert set of eyes on every file. I can upload documents on one screen, work on something else and come back minutes later to find conditions issued, alerts flagged and even undisclosed debts identified. It streamlines file setup and underwriting in a way that’s both efficient and incredibly smart. This is the kind of tool that changes how lending teams work.”
—James D. Carroll, head of home lending at Partners Bank

Friday Harbor was founded by Ellis and Jesse Collins (CTO) and launched in 2024 with support from the AI2 Incubator and CoFound Partners. Ellis was previously head of U.S. growth and an early employee at machine learning fintech Pagaya Technologies (NASDAQ: PGY), where he helped launch multiple new consumer credit verticals for the company. Collins previously held senior engineering roles at leading fintech companies including Affirm (NASDAQ: AFRM) and Zillow (NASDAQ: Z), where he specialized in applying artificial intelligence to fraud detection and underwriting systems.

The $6M seed round will support the growth of Friday Harbor’s engineering team and support integrations with leading mortgage LOS and point-of-sale platforms—paving the way for more lenders to automate file setup, accelerate underwriting and compete directly with the largest lenders in the country.

About Friday Harbor
Friday Harbor is an AI-powered platform that helps loan officers assemble complete and compliant loan files in real time. The company combines deep fintech expertise with cutting-edge artificial intelligence to remove complexity, slash origination costs and deliver a better borrower experience. For more information, visit https://fridayharbor.ai/.

Tags: #mortgagetech #AI #fintech #seedfunding #venturecapital

LOGO link for media: https://www.Send2Press.com/300dpi/25-0415-s2p-fridayharbor-300dpi.jpg

NEWS SOURCE: Friday Harbor

This press release was issued on behalf of the news source (Friday Harbor), 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/friday-harbor-raises-6m-to-help-community-mortgage-lenders-match-the-speed-and-efficiency-of-industry-giants/

Class Valuation appoints Chris Flynn as chief data officer to accelerate innovation and data strategy

TROY, Mich., April 15, 2025 (SEND2PRESS NEWSWIRE) — Class Valuation, a leading real estate appraisal management company (AMC), announced today that Chris Flynn has joined its leadership team as chief data officer effective April 1. In his new role, Flynn will lead Class Valuation’s enterprise data strategy, overseeing the development of scalable analytics, AI capabilities and automation to improve valuation accuracy, speed and transparency.

Photo caption: Class Valuation appoints Chris Flynn as chief data officer.

“Chris brings a rare combination of strategic vision and hands-on innovation,” said John Fraas, CEO of Class Valuation. “His experience building data-driven solutions across the housing industry will help us raise the bar in performance and reliability in property valuation.”

The addition of Flynn marks a key milestone in Class Valuation’s mission to stand apart from traditional AMCs. While many in the industry continue to rely on outdated systems or superficial tech integrations, Class Valuation has established a smarter, more agile valuation platform, combining automation, deep data insights and trusted human expertise. Flynn’s appointment reinforces Class Valuation’s position as a tech-forward leader built for the future of residential valuation through data intelligence and client-focused innovation.

“Class Valuation is at a pivotal moment in redefining how data and technology shape the future of property valuation,” said Flynn. “I’m looking forward to accelerating innovation through a robust data strategy centered on AI, customer-centric product development and solutions that deliver real impact for our clients.”

Flynn brings over 20 years of experience in real estate, fintech and data strategy. Before joining Class Valuation, he served as head of product and strategy at First American Data & Analytics, where he led the development of advanced solutions addressing customer needs in the real estate, mortgage and title markets. Earlier in his career Flynn held leadership positions with CoreLogic (which recently rebranded as Cotality) and Black Knight Data & Analytics (acquired by ICE Mortgage Technology).

About Class Valuation

Tags: @ClassValuation #appraisal #valuation #lending #peoplemovers

NEWS SOURCE: Class Valuation

To view the original story, visit: https://www.send2press.com/wire/class-valuation-appoints-chris-flynn-as-chief-data-officer-to-accelerate-innovation-and-data-strategy/

Tidewater Mortgage Services Replaces Legacy POS with LiteSpeed from LenderLogix

LiteSpeed optimizes digital application processes and enhances the borrower experience

BUFFALO, N.Y., April 15, 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 Tidewater Mortgage Services (Tidewater), a retail mortgage lending company, has replaced its legacy point-of-sale (POS) technology with LiteSpeed, thus expanding its partnership with the company. In addition to Fee Chaser™, Tidewater will now use LiteSpeed as the point-of-sale to automate mortgage processes and provide borrowers with a digital-first experience.

Image caption: LenderLogix.

“We needed a POS platform that offered a more intuitive, borrower-friendly application process and greater automation than our previous platform,” said Tidewater VP of Project Management, Mike Martin. “LiteSpeed delivers on those needs, allowing us to streamline workflows, reduce friction for borrowers and ultimately close loans more efficiently. Our experience with Fee Chaser had already demonstrated LenderLogix’s reliability and efficiency, so expanding our partnership with LiteSpeed was the clear next step.”

LiteSpeed is designed to simplify the lending process for both borrowers and lenders. With its AI-driven capabilities, the platform enables loan officers to provide personalized application links that generate customized document checklists, streamlining submissions. Borrowers benefit from a user-friendly interface for uploading files, which are automatically integrated into Encompass®, eliminating time-consuming manual handling.

Fully customizable to match an institution’s branding, LiteSpeed is mobile-friendly and adheres to rigorous security standards, including SOC 2 compliance. By automating repetitive tasks and reducing processing delays, the platform not only accelerates loan approvals but also delivers a smoother, more efficient experience for borrowers and lenders alike.

“LiteSpeed delivers a seamless mobile experience that provides a competitive advantage for lenders trying to get ahead in a market where consumers demand convenience,” said LenderLogix Co-Founder and CEO Patrick O’Brien. “By supporting and enhancing early customer engagement, we’re empowering our customers to deliver exceptional borrower experiences at a cost-efficient price.”

Visit https://lenderlogix.com/contact to request a demo.

About LenderLogix

NEWS SOURCE: LenderLogix

To view the original story, visit: https://www.send2press.com/wire/tidewater-mortgage-services-replaces-legacy-pos-with-litespeed-from-lenderlogix/

The future of builder-affiliated lending: Jet’s Kelley Hailstone talks strategy on The Big Picture

CLEVELAND, Ohio, April 14, 2025 (SEND2PRESS NEWSWIRE) — Top mortgage industry webcast The Big Picture, broadcast live every Thursday at 3 p.m. ET, this week features Kelley Hailstone, president of Jet Home Loans. Hailstone will join co-hosts Rich Swerbinsky, mortgage business consultant and executive coach, and Rob Chrisman, editor-in-chief of the widely followed Chrisman Commentary newsletter, to discuss how homebuilder-aligned lending models can help lenders scale smartly, differentiate in today’s market and better serve new homebuyers.

Image caption: Kelley Hailstone, president of Jet Home Loans.

During the episode, Hailstone will share insights from his decades of experience leading joint ventures, builder-affiliated lending programs and mortgage operations built for national reach. He’ll explore how strategic partnerships between builders and lenders can streamline the customer experience, unlock new markets and drive long-term value for both buyers and business leaders. The conversation will also dive into the opportunities and challenges of creating marketing services agreements, joint ventures and compliance-aligned solutions in a changing mortgage landscape.

Hailstone, who took the helm at Jet Home Loans in 2023, is a veteran executive known for building high-performing teams and forward-thinking growth strategies. Backed by Dream Finders Homes, Jet is rapidly expanding nationwide under his leadership, serving as a trusted lending partner for builders seeking a streamlined, tech-enabled mortgage experience. With a career spanning roles at FBC Mortgage, Envoy Mortgage and Taylor Morrison Home Funding, Hailstone brings a holistic perspective on operations, credit, capital markets and the future of home lending.

His episode will air live on Thursday, April 17, at 3 p.m. ET. Mortgage professionals can register for the webcast and access past episodes at https://www.chrismancommentary.com/the-big-picture.

About The Big Picture:

Tags: @JetHomeLoans #strategicgrowth #mortgageleadership #futureofhousing

NEWS SOURCE: The Big Picture Mortgage Webcast

To view the original story, visit: https://www.send2press.com/wire/the-future-of-builder-affiliated-lending-jets-kelley-hailstone-talks-strategy-on-the-big-picture/

Click n’ Close Expands Correspondent Lending Sales Team with Mortgage Industry Veteran Kim Schenck

Current head of correspondent division Michael Lima to refocus on whole loan trading

ADDISON, Texas, April 9, 2025 (SEND2PRESS NEWSWIRE) — Click n’ Close (CNC), a multi-state mortgage lender, announced today that Kim Schenck has joined its Correspondent Lending Sales team as Correspondent Manager. In her new role, Schenck will lead the expansion of the company’s proprietary down payment assistance (DPA) program, which plays a key role in helping more borrowers achieve homeownership.

Image caption: Click n’ Close, Inc.

“Kim’s extensive experience and proven ability to drive results make her an ideal addition to our team,” said Jeff Bode, owner and CEO of Click n’ Close. “Her focus on our DPA program will help us continue delivering innovative, affordable solutions to our partners and borrowers.”

Schenck brings more than 30 years of experience in mortgage banking, with a strong background in correspondent lending, loan acquisitions and secondary marketing. Her career includes leadership roles at Essex Mortgage, Freedom Mortgage, Bank of America, Greenwich Capital Financial and Sandia Mortgage Corporation, where she built and managed high-performing sales teams, drove strategic growth and developed pricing and rate strategies for large-scale lending operations.

“I’ve had the pleasure of working with Jeff in previous roles and have always admired his sharp insight and shared commitment to empowering both lenders and homebuyers,” said Schenck. “I’m honored to join such a forward-thinking organization and proud to be part of a winning team.”

As part of this transition, Click n’ Close’s Managing Director of Correspondent Lending Michael Lima will shift his focus back to the company’s whole loan trading business, a division he was initially hired to lead.

Lima first joined Click n’ Close – then operating as Mid America Mortgage – shortly after the implementation of the 2016 TILA-RESPA Integrated Disclosure (TRID) rule. Mid America recognized an opportunity as lenders across the country struggled with compliance and were forced to sell affected loans at steep discounts on the scratch-and-dent market. The company entered the space to purchase those loans, resolve the underlying issues and reintroduce them to the market—effectively bringing liquidity where it was desperately needed. Lima was brought in specifically to lead this initiative, leveraging his expertise in capital markets and risk assessment to build a sustainable, scalable secondary market strategy.

Now, as the mortgage industry faces another period of consolidation and economic uncertainty, Click n’ Close is redoubling its commitment to the whole loan trading space, offering a stable, long-term source of liquidity for lenders navigating an evolving landscape. Amid a post-COVID environment where many lenders have reported financial losses, Click n’ Close has remained financially strong and profitable—a track record the company sees as critical to its value proposition moving forward.

“Click n’ Close has always leaned into market disruptions as an opportunity to lead with innovation and stability,” said Lima. “My returned focus to the whole loan trading space will help strengthen the liquidity and reliability our lending partners count on. Our capital markets strategy has always been about fixing what others overlook—and doing it profitably, sustainably and at scale.”

About Click n’ Close, Inc.

Click n’ Close, Inc., formerly known as Mid America Mortgage, 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.

To view the original story, visit: https://www.send2press.com/wire/click-n-close-expands-correspondent-lending-sales-team-with-mortgage-industry-veteran-kim-schenck/

Class Valuation expands private lending capabilities with acquisition of Appraisal Nation

TROY, Mich., April 8, 2025 (SEND2PRESS NEWSWIRE) — Class Valuation, a leading national real estate appraisal management company (AMC), today announced the strategic acquisition of Appraisal Nation, a Cary, North Carolina-based AMC specializing in comprehensive valuation solutions for the private lending market.

Image caption: Class Valuation.

This acquisition significantly expands Class Valuation’s footprint in the rapidly growing private lending sector, enhancing its service offerings and market reach. By integrating Appraisal Nation’s expertise, Class Valuation reinforces its commitment to delivering exceptional customer service and best-in-class appraisal experiences.

“Welcoming Appraisal Nation to the Class Valuation family is a key step in our strategy to modernize the appraisal process and strengthen our position in important market segments,” said John Fraas, CEO of Class Valuation. “By combining Appraisal Nation’s specialized expertise with our own technology and resources, we are better poised to deliver exceptional value for private lenders.”

Appraisal Nation’s team will continue to focus on specialty lending products while seamlessly integrating into the Class Valuation family. Appraisal Nation’s customers will gain immediate access to Class Valuation’s industry-leading technology and extensive network of highly qualified valuation analysts.

To capitalize on this synergy, Class Valuation is launching a dedicated Private Lending segment with Appraisal Nation founder Michael Tedesco at the helm. Tedesco’s deep industry knowledge, experience and meaningful long-term relationships in private lending will drive the growth and success of this new segment.

Said Tedesco, “Doing what’s best for our clients has always been a cornerstone of our mission, and joining Class Valuation is a natural step forward in expanding our ability to elevate service standards across the appraisal industry. As technology evolves and private markets become more institutionalized, service providers must do more than simply support their clients. They must help them adapt. With Class Valuation’s resources and technology, our clients will have the advantages they need to excel in a rapidly changing market.”

About Class Valuation

Class Valuation is a leading nationwide Appraisal Management Company (AMC) renowned for its commitment to fast turn times, exceptional quality and unparalleled client service. The company leverages a powerful combination of skilled professionals, innovative products, streamlined processes and advanced technology to empower lenders in fulfilling homeownership dreams. Consistently recognized by top mortgage lenders for its outstanding performance, Class Valuation has also earned accolades as a top workplace and received numerous industry awards. Founded in 2009, Class Valuation is headquartered in Troy, Michigan. For more information, please visit https://www.classvaluation.com/.

Tags: @ClassValuation @AppraisalNation #mergersandacquisitions #appraisal #valuation #lending

NEWS SOURCE: Class Valuation

To view the original story, visit: https://www.send2press.com/wire/class-valuation-expands-private-lending-capabilities-with-acquisition-of-appraisal-nation/

Cooler Interest Rates Heat Up Refinances and Spark Early Signs of Purchase Demand

Optimal Blue's March 2025 Market Advantage report shows an increase in non-conforming share as buyers seek greater flexibility and higher loan limits

PLANO, Texas, April 8, 2025 (SEND2PRESS NEWSWIRE) — Optimal Blue today released its March 2025 Market Advantage mortgage data report, showing a 24% surge in rate lock volume as early spring buyers returned to the market and homeowners jumped at the chance to refinance into lower rates. While still down 2% on a year-over-year (YoY) basis, purchase volumes were up 21% month-over-month (MoM). Rate-and-term and cash-out refinances jumped 52% and 20% MoM, respectively, together representing 25% of all lock activity.

Image caption: Optimal Blue’s March 2025 Market.

“March brought a notable shift in borrower behavior,” said Brennan O’Connell, director of data solutions at Optimal Blue. “Refinances made up a quarter of all lock activity for the first time in six months, and we saw a clear rise in non-conforming loan share as buyers looked for more flexible options and higher loan amounts. These are key indicators that consumers are actively adapting to the current rate environment.”

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

Refinances take share from purchase loans: Strong growth in refi activity during March pushed the share of refinances up to 25%, the highest level seen since September 2024. The pull-through rate for refinances was 63.3%.
Purchase volume up MoM, but down YoY: Despite positive MoM momentum, purchase activity was down 2% YoY. Isolating loan counts instead of dollar volume – effectively controlling for home price appreciation – reveals an even steeper 6% decline in purchase activity. The pull-through rate for purchase loans was 82.9%.
Non-conforming share rises: Conforming loan production continued to hover near historic lows, while non-Agency loan share hit its highest level since April of 2022. Non-conforming loans, which include jumbo and non-QM loans, accounted for 16.8% of total rate lock volume. Conforming loan share fell to 51% and FHA share dropped to 19.6%, while VA volume inched upward, reaching nearly 12% share.
Adjustable-rate mortgages gain steam: ARMs accounted for just below 9% of total rate lock volume in March, a result tied to growing demand for non-conforming loan options. Optimal Blue will continue to monitor this data point as buyers search for greater affordability.
Rates stay relatively flat: After a strong rally the last week of February, the OBMMI 30-year conforming fixed rate – the benchmark for the CME Group’s Mortgage Rate futures – finished the month flat at 6.6%. FHA rates fell 8 basis points (bps) to 6.27%, while VA and jumbo rates rose a modest 3 and 4 bps to 6.13% and 6.73%, respectively.
Refi credit quality ticks higher: March saw a 3-point increase in average credit scores for both cash-out and rate-and-term refinances, rising to 735 and 699, respectively, as higher-credit homeowners acted quickly on refinance opportunities.
DTI trends downward: The average debt-to-income (DTI) ratio across all loans dropped from February’s 37.3% to 36.7% in March, reflecting income growth outpacing the rise in household debt [*note 1]. This fall in DTI represents a healthier balance between monthly income and debt than tracked in previous months.
Loan sizes grow alongside home prices: The average home purchase price rose from February’s $480.2K to $486.9K in March, driving a MoM increase in average loan amount from $380.5K to $391.7K.

The full 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/2025/04/OB_MarketAdvantage_MortgageDataReport_Mar2025.pdf

This month’s Market Advantage podcast features Optimal Blue Head of Corporate Strategy Mike Vough, offering additional market insights. Watch or listen to the episode: https://market-advantage.captivate.fm/episode/episode-7/.

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

NOTE/CITATION:

[1] https://libertystreeteconomics.newyorkfed.org/2024/11/income-growth-outpaces-household-borrowing/

NEWS SOURCE: Optimal Blue

To view the original story, visit: https://www.send2press.com/wire/cooler-interest-rates-heat-up-refinances-and-spark-early-signs-of-purchase-demand/

The Mortgage Collaborative President and CEO Jodi Hall to spotlight new leadership priorities and 2025 industry insights on The Big Picture

CLEVELAND, Ohio, April 7, 2025 (SEND2PRESS NEWSWIRE) — Top mortgage industry webcast The Big Picture, broadcast live every Thursday at 3 p.m. ET, this week features Jodi Hall, president and CEO of The Mortgage Collaborative (TMC). Hall will join co-hosts Rich Swerbinsky, mortgage business consultant and executive coach, and Rob Chrisman, editor-in-chief of the widely followed Chrisman Commentary newsletter.

Image caption: The Mortgage Collaborative President and CEO Jodi Hall.

During the webcast, Hall will share her priorities as TMC’s top executive, emphasizing the power of a member-driven model to tackle industry-wide challenges. Hall will also highlight recent findings from TMC’s Pulse of the Network report, which spotlights how today’s lenders are preparing for a rapidly evolving market. With rising costs and margin pressure among the top concerns, the report reveals how lenders are embracing leaner operations, tech efficiencies and collaborative strategies to remain competitive in 2025.

“Lenders are tightening operations, sharpening their technology focus and competing harder than ever for top talent,” Hall said. “This week on The Big Picture, I’ll share further insights from TMC’s Pulse of the Network survey and why I believe collaboration is the key to both transforming these challenges into real opportunities and laying the groundwork for a stronger mortgage industry in 2025.”

Appointed CEO of TMC in February, Hall brings nearly 30 years of transformative industry experience. Before joining TMC, she founded DandaRoad, a consultancy that helps lenders and mortgage tech companies streamline operations and execute tech-driven strategies. Before that, she held pivotal roles at CrossCountry Mortgage and Nationwide Mortgage Bankers, where she helped scale operations to multibillion-dollar production levels while implementing data-driven solutions that improved transparency, cycle time and employee engagement.

A longtime advocate for future leaders in housing finance, Hall is known for her hands-on leadership style, tech-forward mindset and commitment to impact. Her episode will air live on Thursday, April 10, at 3 p.m. ET. Mortgage professionals can register for the webcast and access past episodes at https://www.chrismancommentary.com/the-big-picture.

About The Big Picture:

Tags: @MtgCoop #womeninmortgage #mortgageinnovation #futureoflending

NEWS SOURCE: The Big Picture Mortgage Webcast

To view the original story, visit: https://www.send2press.com/wire/the-mortgage-collaborative-president-and-ceo-jodi-hall-to-spotlight-new-leadership-priorities-and-2025-industry-insights-on-the-big-picture/

The Mortgage Collaborative Welcomes New Lender Members and Preferred Partners to Its Expanding Network

SAN DIEGO, Calif., April 4, 2025 (SEND2PRESS NEWSWIRE) — The Mortgage Collaborative (TMC), the nation’s largest independent cooperative network serving the mortgage industry, proudly announces the addition of several new lender members and preferred partners to its growing community. These organizations join TMC’s network of industry leaders committed to collaboration, innovation, and operational excellence.

Image caption: The Mortgage Collaborative.

The newest lender members of The Mortgage Collaborative include:

Zillow Home Loans
Old National Bank
Griffin Funding
CIS Home Loans
NEO Home Loans, powered by Better | Better Mortgage Corporation
AFC Mortgage Group
Pilgrim Mortgage

These lenders bring over 500 years of diverse expertise and innovative approaches to mortgage lending, strengthening TMC’s mission of fostering peer-to-peer collaboration and business growth within the industry.

Additionally, TMC welcomes the following preferred partners to its network:

HousingWire – A leading mortgage and housing industry news, insights, and analysis source.
Mortgage Workflow Partners (MWP) – A trusted consultancy optimizing mortgage workflow and operational efficiencies.
SocialCoach (Rejoining) – A premier social media automation and compliance platform for mortgage professionals.
Blend (Rejoining) – A digital lending platform streamlining the mortgage application and approval process.
Longbridge – A prominent reverse mortgage lender focused on expanding homeownership opportunities for seniors.

“TMC’s continued growth is a testament to the power of collaboration in today’s mortgage landscape,” said Jodi Hall, President & CEO of The Mortgage Collaborative. “We are thrilled to welcome these outstanding lenders and partners, each of whom brings valuable perspectives and expertise to our network. Their commitment to innovation and service aligns perfectly with our mission of driving positive change in the mortgage industry.”

As part of TMC’s dynamic network, these new members and partners will access exclusive resources, data benchmarking, best practices, and a highly engaged community of industry professionals dedicated to collective success.

For more information about The Mortgage Collaborative and its growing network, email TheMortgageCollaborative@mtgcoop.com.

About The Mortgage Collaborative

The Mortgage Collaborative (TMC) is a membership-driven organization dedicated to empowering mortgage lenders across the United States through networking, education, and advocacy. Our goal is to support the success of our members by fostering an environment of collaboration and innovation. For more information, visit https://www.mortgagecollaborative.com/.

LOGO link for media: https://www.mortgagecollaborative.com/uploads/1/2/6/5/126500393/editor/tmc-new-home-page-2.png

NEWS SOURCE: The Mortgage Collaborative

To view the original story, visit: https://www.send2press.com/wire/the-mortgage-collaborative-welcomes-new-lender-members-and-preferred-partners-to-its-expanding-network/

Cloudvirga’s Aaron Heidorn honored as a HousingWire Rising Star

Director of software engineering and infrastructure recognized for leading digital transformation in mortgage technology

IRVINE, Calif., April 3, 2025 (SEND2PRESS NEWSWIRE) — Cloudvirga, a leading provider of digital mortgage point-of-sale platforms, today announced that Aaron Heidorn, director of software engineering and infrastructure, has been named a 2025 HousingWire Rising Star. The annual award recognizes young professionals who are driving innovation and growth in the housing economy and shaping the future of mortgage and real estate technology.

Image caption: Aaron Heidorn of Cloudvirga.

As the driving force behind Cloudvirga’s modernization efforts, Heidorn has spearheaded initiatives that have significantly reduced operational costs while accelerating Cloudvirga’s ability to deliver lender-focused solutions. Over the past year, he led the company’s transition to a modern cloud infrastructure, cutting hosting expenses by nearly 90% and improving platform scalability. He also played a key role in enhancing Cloudvirga’s integration with ICE Mortgage Technology’s Encompass Partner Connect™, reducing data export times by 60% and strengthening security for lenders. Additionally, his leadership in implementing a continuous integration/continuous delivery (CI/CD) model has allowed Cloudvirga to increase the frequency of software releases, ensuring clients receive faster access to platform improvements.

“Aaron’s impact on Cloudvirga’s technology and operations cannot be overstated,” said Maria Moskver, CEO of Cloudvirga. “His leadership and technical expertise have been pivotal in modernizing our platform, increasing efficiency for lenders and keeping Cloudvirga at the forefront of digital mortgage innovation. We are proud to see him recognized as a HousingWire Rising Star.”

In addition to leading Cloudvirga’s engineering team, Heidorn serves as the company’s representative to the Mortgage Industry Standards Maintenance Organization (MISMO), ensuring Cloudvirga stays ahead of evolving industry standards. His ability to bridge the gap between technology and business needs has positioned Cloudvirga as a trusted partner for mortgage lenders looking to streamline operations.

“The mortgage industry is undergoing rapid change, and I’m honored to contribute to its transformation by helping Cloudvirga deliver scalable, lender-centric solutions,” said Heidorn. “This recognition reflects our team’s collaborative work to ensure our technology evolves with the industry’s needs.”

“The housing industry needs leaders — those with ambition, vision and adaptability to fuel a vibrant housing economy,” said Clayton Collins, CEO of HW Media. “The HousingWire Rising Stars represent the next generation of leaders dedicated to building great organizations, leading teams and advising clients. Their expertise and vision are accelerating growth, improving client experiences and creating new opportunities in a competitive market. Together, they’re shaping the future of the industry.”

‍About Cloudvirga

Cloudvirga is a leading provider of digital mortgage point-of-sale platforms, designed from the perspective of increasing consumer engagement. With a focus on streamlining the loan origination process, Cloudvirga solutions enhance efficiency and accuracy in the mortgage industry. The company’s commitment to continuous improvement and innovation has positioned it as a trusted partner for mortgage lenders and brokers across the nation. Cloudvirga is a subsidiary of Stewart Information Services Corporation (NYSE: STC), a customer-focused, global title insurance and real estate services company. For more information, visit https://www.cloudvirga.com/.

Tags: @Cloudvirga @HousingWire #HWRisingStars #mortgagetech #digitaltransformation

NEWS SOURCE: Cloudvirga Inc.

To view the original story, visit: https://www.send2press.com/wire/cloudvirgas-aaron-heidorn-honored-as-a-housingwire-rising-star/

Dovenmuehle Receives New Subordinate Lien Servicer Ranking, Maintains Above Average Primary Servicer Ranking from S&P Global Ratings

LAKE ZURICH, Ill., April 2, 2025 (SEND2PRESS NEWSWIRE) — Dovenmuehle Mortgage, Inc. (Dovenmuehle), a leading mortgage subservicing company, today announced that S&P Global Ratings has assigned the company an Above Average ranking as a residential mortgage loan subordinate lien servicer, in addition to reaffirming its Above Average ranking as a residential mortgage loan primary servicer with a stable outlook. This marks the 14th consecutive year Dovenmuehle has received an Above Average ranking for primary servicing, and the first time the company has earned the designation for subordinate lien servicing.

Image caption: Dovenmuehle Mortgage.

S&P’s review highlighted Dovenmuehle’s tenured senior management team, diverse and well-established client base, and ongoing investments in automation, operational enhancements and data security. The agency also cited Dovenmuehle’s robust IT infrastructure, strengthened disaster recovery capabilities, strong cybersecurity controls, sound internal control environment backed by multiple lines of defense and consistently strong audit results.

“The addition of our subordinate lien servicer ranking is both timely and meaningful given the growing demand for home equity products,” said Matt Budy, Senior Vice President at Dovenmuehle. “Our continued Above Average ranking from S&P reflects our long-term commitment to technology, strong internal controls and delivering high-quality service to our clients and their borrowers, even as operational demands and data security needs evolve.”

Since its 2024 assessment, S&P noted the following key developments:

Expansion of the data analytics and product management teams, including the hiring of a chief data officer and a head of product management;
Enhancement of disaster and data recovery protocols through the addition of immutable backup systems that supplement existing backups;
Transition of borrower secure messaging to the customer service department for more streamlined communication;
Implementation of a 24-hour accelerated outreach process to proactively address borrower complaints in loss mitigation;
Introduction of uniquely shaped mailers in loss mitigation to improve borrower engagement in assistance campaigns; and
Integration of mobile notary services into the loss mitigation process as an added option for clients.

Looking ahead, Dovenmuehle remains focused on automation and scalable technology solutions to support its expanding servicing portfolio. S&P’s stable outlook reflects confidence in the company’s management team, operational controls and continued performance as a subservicer of both prime and subordinate-lien mortgage loans.

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, as well as loans sold to Fannie Mae, Freddie Mac, Ginnie Mae and the Federal Home Loan Bank with servicing retained. 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.

To view the original story, visit: https://www.send2press.com/wire/dovenmuehle-receives-new-subordinate-lien-servicer-ranking-maintains-above-average-primary-servicer-ranking-from-sp-global-ratings/

iEmergent confronts the DEI debate with bold webinar on the business case for diverse lending

'Not Sold on Diversity? Fine. Let's Talk About Your Bottom Line' tackles how lenders can reach underserved markets and fuel long-term growth

DES MOINES, Iowa, April 2, 2025 (SEND2PRESS NEWSWIRE) — iEmergent, a forecasting and advisory services firm for the financial services, mortgage and real estate industries, today announced a provocative new webinar that dares to reframe the diversity conversation through a business lens. Amid growing pushback on diversity, equity and inclusion (DEI) initiatives, iEmergent is doubling down on the importance of inclusive lending to lenders’ long-term success. Titled “Not Sold on Diversity? Fine. Let’s Talk About Your Bottom Line,” the roundtable session will take place Wednesday, April 30, from 1:00 to 3:00 pm ET and will feature mortgage industry leaders sharing actionable insights on how lenders can drive sustainable growth by expanding access to homeownership.

Image caption: iEmergent confronts the DEI debate with bold webinar on the business case for diverse lending.

With more than 77% of net household formation in the next decade projected to come from diverse households, the mortgage industry is at a turning point. While some lenders are adapting to these demographic shifts, others remain focused on traditional, often affluent borrower segments. The roundtable will explore the business case for reaching underserved markets and the risks of ignoring them.

“This conversation isn’t just about diversity — it’s about the future of mortgage lending,” said iEmergent CEO Laird Nossuli. “Lenders that overlook these borrower segments today risk falling behind in a market where diverse households will drive future mortgage demand. Understanding where the opportunities exist and implementing the right strategies is a game-changer for long-term growth.”

Panelists will explore how lenders can assess gaps in minority and low- to moderate-income (LMI) lending, strengthen their real estate referral networks using MLS data and recruit loan officers already connected to these communities. They will also discuss practical approaches to overcoming systemic barriers to homeownership, such as appraisal bias and limited generational wealth, and highlight ways to build durable community partnerships that support a consistent borrower pipeline.

Moderated by Nossuli, the panel will feature:

Nikki Bialka, national community lending strategy manager at Fifth Third
John Harpst, vice president of community lending at Lake Michigan Credit Union
Gabe Ewing del Rio, president and CEO of the Homeownership Council of America
Tom Sullivan, head of retail mortgage sales for First Commonwealth Bank
Tony Thompson, founder and CEO of the National Association of Minority Mortgage Bankers of America
Tay Toliver, vice president and retail market leader at Cardinal Financial

Mortgage executives, sales leaders and compliance professionals from banks, credit unions and independent mortgage banks (IMBs) are encouraged to attend to learn how data-driven strategies can unlock new growth opportunities while meeting the needs of today’s — and tomorrow’s — homebuyers.

About iEmergent

Tags: @iEmergent @NAMMBAConnects @FinanceBetter @LMCU @CardFinancial @FifthThird #mortgage #lending

Media Kit:
https://www.iemergent.com/docs/default-source/default-document-library/presskit_digitallinked.pdf

NEWS SOURCE: iEmergent

To view the original story, visit: https://www.send2press.com/wire/iemergent-confronts-the-dei-debate-with-bold-webinar-on-the-business-case-for-diverse-lending/

MMI Strengthens Mortgage Tech Leadership in Q1 2025 with MonitorBase Acquisition and Major Platform Enhancements

SALT LAKE CITY, Utah, April 2, 2025 (SEND2PRESS NEWSWIRE) — Mobility Market Intelligence (MMI), the industry’s leading mortgage and real estate data solutions provider, announces major Q1 2025 platform enhancements alongside its strategic acquisition of borrower monitoring and predictive analytics leader, MonitorBase. These initiatives solidify MMI’s position as The Ultimate Lead-to-Loan Growth Platform™, providing mortgage professionals with unparalleled data intelligence, automation, and borrower engagement tools.

Image caption: MMI, Bonzo and MonitorBase bundled into one simple solution.

MonitorBase Acquisition: Strengthening Borrower Insights

The acquisition of MonitorBase enhances MMI’s ability to deliver predictive borrower insights, allowing loan officers to anticipate client needs and act on high-intent opportunities before competitors. By integrating MonitorBase’s real-time borrower retention alerts and pre-mover insights with MMI’s market intelligence and Bonzo’s automated communication capabilities, the combined platform offers a seamless, data-driven approach to mortgage success.

Q1 2025 Platform Enhancements

MMI also launched key enhancements across its ecosystem, such as Pathways Home™, which helps homeowners become more engaged and educated with their property by leveraging data like real-time property valuations, loan insights, and market trends. Other rollouts provide mortgage professionals with new tools to identify opportunities, engage clients more effectively, and grow their business:

New MMI Experience – A modernized data platform with improved navigation, faster performance, and enhanced rankings that let loan officers, lenders, and brokers benchmark themselves by loan type, geography, and tenure.
Pathways Home – This property intelligence tool empowers homeowners with real-time property valuation, interactive loan visualizations, and financial decision tools—turning complex mortgage data into clear, actionable insights while helping mortgage professionals maintain lasting, value-driven relationships with their clients.\
Enhanced MonitorBase Alerts – Improved pre-mover detection, expanded equity alerts, and new mortgage insurance removal alerts help loan officers proactively connect with borrowers who are primed for new financing opportunities.
Refinder Integration in Bonzo – Enables loan officers to identify refinance and equity opportunities within their database, supporting proactive borrower retention campaigns.
Content Studio for Marketing Materials – A robust platform to easily create and share branded marketing collateral, giving mortgage professionals a streamlined approach to creating professional materials with customizable templates and advanced brand management features.
Bonzo Infrastructure Improvements – Enhanced performance, increased reliability, and expanded capacity ensure that mortgage professionals can scale their operations without performance delays, driving more efficiency in daily workflows.

Sales & Marketing: Bundling Solutions for Maximum ROI

MMI continues expanding its market presence and delivering greater value with bundled solutions, helping customers replace outdated, overpriced, and underutilized technology with a high-ROI, integrated solution. The company recently joined Lenders One as a Preferred Provider, giving its suite of tools broader exposure within a network of leading mortgage companies. Other initiatives include the delivery of branded navigational updates across its digital platforms to create a seamless, unified customer experience. Additionally, MMI launched a new Solutions Hub, which has already attracted thousands of visitors in its first month, signaling strong market interest.

“Our Q1 2025 upgrades and the acquisition of MonitorBase reflect our commitment to advancing the mortgage industry with cutting-edge technology,” said Ben Teerlink, Founder and CEO of MMI. “By enhancing our platform with powerful consumer tools such as the real-time property intelligence platform, Pathways Home, and introducing industry-focused upgrades—including advanced borrower insights, expanded data intelligence, and automation—we empower professionals to engage clients, identify opportunities, and grow their business with unrivaled efficiency. Furthermore, by offering bundled solutions at a single, simple price, we’re enabling customers to replace outdated, overpriced, and underutilized tech with an integrated, high-ROI platform that empowers mortgage professionals to stay ahead in an increasingly competitive market.”

About MMI

MMI is the industry’s leading provider of mortgage and real estate data solutions, offering The Ultimate Lead-to-Loan Growth System through its powerful combination of MMI, MonitorBase and Bonzo. This integrated platform connects data, automation, and engagement to help professionals maximize borrower and agent opportunities with precision and efficiency.

By leveraging MMI’s market intelligence, MonitorBase’s predictive analytics, and Bonzo’s CRM and marketing automation, users can seamlessly identify high-intent borrowers and top-performing agents, access real-time listing alerts, and launch proactive refinance and equity campaigns—all from a single ecosystem. Whether tracking mortgage-ready clients, verifying credit eligibility, or automating outreach, MMI’s platform of products ensures lenders and real estate professionals stay ahead of the competition. Additionally, property intelligence toolset, Pathways Home, offers homeowners a comprehensive, personalized view of their largest investment while creating lasting connections with their mortgage professional.

For more information, visit mmi.io or contact sales@mmi.io.

NEWS SOURCE: Mobility Market Intelligence

This press release was issued on behalf of the news source (Mobility Market Intelligence), 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/mmi-strengthens-mortgage-tech-leadership-in-q1-2025-with-monitorbase-acquisition-and-major-platform-enhancements/

Floify’s Maggie Zielinski Swanson named to HousingWire’s 2025 Rising Stars list

HousingWire's Rising Stars award recognizes emerging industry leaders who have demonstrated rapid career growth and an ability to lead - all before the age of 40

BOULDER, Colo., April 1, 2025 (SEND2PRESS NEWSWIRE) — Floify, the mortgage industry’s leading point-of-sale (POS) solution, today announced that Enterprise Account Executive/Sales Engineer Maggie Zielinski Swanson has been named to HousingWire’s prestigious Rising Stars list for 2025.

Image caption: 2025 HousingWire Rising Star Maggie Swanson.

HousingWire’s Rising Stars award is given to individuals under 40 years of age who demonstrate impressive professional momentum and are building reputations for driving growth and change in the real estate, mortgage and housing-related industries. Swanson has been selected in the Mortgage category.

Swanson, 29, joined Floify in 2021 as a skilled sales professional and has quickly become an indispensable force in the company’s collaborative culture and growth. As the company’s first enterprise sales executive, she quickly mastered the complex needs of credit unions, IMBs and banks, and was instrumental in the launch of Floify Lender Edition.

A gifted self-starter, the first-generation American has charted her own course, listening to lenders to understand what keeps them up at night and identifying how to position Floify’s features in ways that address their cost and process challenges. Her ability to earn the business of large enterprise accounts, lead sales training and represent Floify at major events has strengthened the company’s reputation and market presence. Over the past year, her efforts have put Floify in a stronger competitive position, closing major accounts while receiving praise from customers and the Floify team.

“Maggie is always looking to learn, and she has been undeterred by the complexity and scale of mortgage technology and mortgage lending ecosystems,” said Sofia Rossato, Floify’s president and general manager and 2024 HousingWire Women of Influence winner. “Maggie’s persistence, coupled with her joyous and approachable demeanor, have helped our clients achieve positive business outcomes, and we are so pleased to see her efforts recognized by HousingWire.”

For a complete list of HousingWire 2025 Rising Star winners, please visit the HousingWire website.

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 create product-specific applications (no coding required!), 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.

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges – including the New York Stock Exchange – and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines and automates industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 – Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on February 8, 2024.

X/Twitter: @Floify @ICEMortgageTech #mortgage #fintech #housingfinance

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.

To view the original story, visit: https://www.send2press.com/wire/floifys-maggie-zielinski-swanson-named-to-housingwires-2025-rising-stars-list/

Optimal Blue’s Shawn Chandwani Named to HousingWire’s 2025 Rising Star List

Award recognizes emerging leaders in real estate and mortgage who have achieved remarkable milestones before the age of 40

PLANO, Texas, April 1, 2025 (SEND2PRESS NEWSWIRE) — Optimal Blue today announced that Senior Software Engineering Manager Shawn Chandwani, 34, has been named among HousingWire’s Rising Stars. The annual list celebrates young professionals who shoulder significant leadership responsibilities and contribute to the broader industry and business landscape, establishing themselves as influential figures and leaders for tomorrow.

Image caption: Shawn Chandwani of Optimal Blue.

Just a decade into his career, Chandwani already personifies that level of achievement. The senior software engineering manager leads Optimal Blue’s AI initiatives, uniting cross-functional teams to collaborate with partners like Microsoft and ensure Optimal Blue continually differentiates itself in the market with new product innovations.

In 2024, Chandwani led Optimal Blue’s development of two AI-driven products: Ask Obi, an AI assistant that makes it easy for executives to get insights from their Optimal Blue products and data without running and analyzing reports, and Originator Assistant, an AI-powered tool in the Optimal Blue PPE that identifies alternate loan scenarios to help LOs offers more competitive pricing and spark strategic discussions that win borrowers’ business.

Both Ask Obi and Originator Assistant were showcased at Optimal Blue’s inaugural Summit user conference, where 60 customers immediately signed up to be beta testers. Their enthusiastic reception underscores Optimal Blue’s mission to help lenders maximize profitability on every loan, an ethos Chandwani champions each day.

“I really appreciate how we listen to each other here, from the newest member of the team to the most seasoned, because we know great ideas can come from anyone at any level,” said Chandwani. “I am grateful for the opportunity to do what I love and appreciate the external recognition, which really is a recognition of the innovative work done by Optimal Blue’s entire engineering team.”

“The Rising Stars award is a celebration of the incredible energy, innovation and talent shaping the future of housing,” said Sarah Wheeler, editor-in-chief at HousingWire. “This year’s winners are not only excelling in their respective fields but are also redefining what’s possible in the industry. Their creativity and leadership inspire confidence in the industry’s future, and I can’t wait to see how they continue to drive progress.”

For HousingWire’s complete list of 2025 Rising Stars, visit https://www.housingwire.com.

About Optimal Blue

NEWS SOURCE: Optimal Blue

To view the original story, visit: https://www.send2press.com/wire/optimal-blues-shawn-chandwani-named-to-housingwires-2025-rising-star-list/

Janet Pitney of Click n’ Close Honored with 2025 HousingWire Rising Stars Award

Pitney is recognized for her pivotal role in positioning Click n' Close to adapt amidst market turbulence

ADDISON, Texas, April 1, 2025 (SEND2PRESS NEWSWIRE) — Click n’ Close (CNC), a multi-state mortgage lender, today announced that Project Manager Janet Pitney has been honored with a place among the 2025 HousingWire Rising Stars. The award honors young real estate and mortgage professionals making impressive career moves while driving growth for their companies and the industry. Pitney is recognized for her outstanding leadership and innovation in technology and operations.

Image caption: 2025 HousingWire Rising Star, Janet Pitney.

Over the past year, Pitney has played a pivotal role in enhancing system functionality, optimizing workflows, and expanding the company’s product offerings. Her strategic vision and technical expertise have led to significant advancements, including the development of dynamic reporting dashboards which improve decision-making, a remarkable increase in eNote adoption, and the successful launch of technology roadmaps which drive efficiency. Pitney’s commitment to excellence, problem-solving, and industry innovation has positioned Click n’ Close as a more flexible and forward-thinking lender in a market demanding agility.

“Janet’s ability to blend technical expertise with strategic foresight has driven significant advancements in our operations, from enhancing system efficiencies to expanding our product suite,” said Jeff Bode, owner and CEO of Click n’ Close. “Janet’s dedication to excellence and continuous improvement not only strengthens our organization but also sets new industry standards. We are all incredibly proud to see her contributions recognized with this well-deserved award.”

“The Rising Stars award is a celebration of the incredible energy, innovation, and talent shaping the future of housing,” said Sarah Wheeler, Editor-in-Chief at HousingWire. “This year’s winners are not only excelling in their respective fields but are also redefining what’s possible in the industry. Their creativity and leadership inspire confidence in the industry’s future, and I can’t wait to see how they continue to drive progress.”

Visit https://www.housingwire.com/risingstars/ to view the full list of winners and their profiles.

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.

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

NEWS SOURCE: Click n' Close Inc.

To view the original story, visit: https://www.send2press.com/wire/janet-pitney-of-click-n-close-honored-with-2025-housingwire-rising-stars-award/

ACES Quality Management’s Josh Reed Honored as 2025 Rising Star by HousingWire Magazine

Innovative leadership in AI and data integration earns Reed industry recognition

DENVER, Colo., April 1, 2025 (SEND2PRESS NEWSWIRE) — ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the mortgage industry, today announced its Principal Application Architect Josh Reed has been honored among the 2025 HousingWire Rising Stars, which recognizes mortgage and real estate professionals under 40 who have made impactful career decisions driving growth in the industry and at their companies. Reed has been honored as a Rising Star for his outstanding contributions to innovation, efficiency, and compliance in the mortgage industry.

Image caption: 2025 HousingWire Rising Star, Josh Reed.

Reed’s problem-solving capabilities and technical expertise have been instrumental in expanding ACES’ platform to meet the evolving needs of enterprise clients, leading the development of AI-driven solutions that have dramatically improved efficiency and reduced costs. His architectural leadership on key initiatives—such as AI-powered code reviews, enhanced vendor integrations and advanced data reporting solutions—has strengthened ACES’ position as a leader in mortgage quality management. Through his expertise, innovation and mentorship, Josh continues to help shape ACES’ future in financial technology.

“At ACES, we believe innovation is only meaningful when it drives real results for our clients, and Josh Reed exemplifies that mindset,” said ACES President and COO Phil McCall. “His leadership in developing AI-powered solutions, enhancing system integrations and driving data innovation has significantly improved how our clients approach compliance and operational efficiency. This well-earned recognition as a HousingWire Rising Star speaks to Josh’s talent, dedication and the measurable impact he continues to make inside our organization and on behalf of our clients.”

“The housing industry needs leaders—those with ambition, vision, and adaptability to fuel a vibrant housing economy,” said Clayton Collins, CEO of HW Media. “The HousingWire Rising Stars represent the next generation of leaders dedicated to building great organizations, leading teams, and advising clients. Their expertise and vision are accelerating growth, improving client experiences, and creating new opportunities in a competitive market. Together, they’re shaping the future of the industry.”

To view the complete list of HousingWire Rising Stars, visit https://www.housingwire.com/risingstars/

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 Flexible Audit Technology® 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-managements-josh-reed-honored-as-2025-rising-star-by-housingwire-magazine/

Informative Research Data Solutions’ Jooyoung Jung recognized as a 2025 HousingWire Rising Stars Honoree

GARDEN GROVE, Calif., April 1, 2025 (SEND2PRESS NEWSWIRE) — Informative Research Data Solutions, a division of Informative Research and leading provider of data-powered borrower intelligence and analytics tools for the financial services industry, today announced its Data Solutions Team Lead Jooyoung Jung has been recognized as a 2025 HousingWire Rising Stars Honoree. The award highlights real estate and mortgage professionals under the age of 40 making impressive career moves while empowering growth and change among their peers. Jung’s ability to combine technical expertise with visionary leadership makes him a true Rising Star in the mortgage and housing industry.

Image caption: 2025 HousingWire Rising Star, Jooyoung Jung.

Jung’s exceptional leadership and innovative approach has empowered the Data Solutions division, reinforcing Informative Research’s reputation as a trusted industry leader. Over the past year, he has established new data engineering and quality control teams and played a pivotal role in advancing real-time marketing optimization models and borrower intelligence solutions, empowering the division’s unprecedented 108% growth. His strategic leadership and commitment to excellence have directly contributed to a 100% client retention rate.

“Jooyoung is a transformative leader whose impact extends far beyond data solutions. He has redefined how we approach innovation and client success,” said Shannon Santos, Executive Vice President of Data Solutions at Informative Research. “His ability to scale teams, implement cutting-edge strategies and inspire those around him is truly remarkable. His leadership not only drives growth but also fosters a culture of collaboration and excellence that benefits both our team and our clients.”

“The housing industry needs leaders — those with ambition, vision, and adaptability to fuel a vibrant housing economy,” said Clayton Collins, CEO of HW Media. “The HousingWire Rising Stars represent the next generation of leaders dedicated to building great organizations, leading teams, and advising clients. Their expertise and vision are accelerating growth, improving client experiences, and creating new opportunities in a competitive market. Together, they’re shaping the future of the industry.”

To see the full list of winners and their profiles, visit https://www.housingwire.com/risingstars/.

About Informative Research

Informative Research Data Solutions, a division of Stewart company Informative Research, delivers innovative borrower intelligence and data analytics solutions that enable financial services companies to optimize marketing, improve engagement and increase retention. To learn more, visit https://www.irdatasolutions.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.

To view the original story, visit: https://www.send2press.com/wire/informative-research-data-solutions-jooyoung-jung-recognized-as-a-2025-housingwire-rising-stars-honoree/

Praneeth Reddy Saripalli of Informative Research honored among 2025 HousingWire Rising Stars

GARDEN GROVE, Calif., April 1, 2025 (SEND2PRESS NEWSWIRE) — Informative Research, a premier technology provider delivering data-driven credit and verification solutions to the lending community, today announced that IT Development Manager Praneeth Reddy Saripalli has been honored as a recipient of the 2025 HousingWire Rising Stars Award. The award recognizes real estate and mortgage leaders 40 years old and under who drive growth and achieve remarkable career milestones. Saripalli’s leadership, technical vision and ability to align people, processes and technology have been instrumental in Informative Research’s continued growth and market leadership.

Image caption: 2025 HousingWire Rising Star, Praneeth Reddy Saripalli.

Saripalli is recognized for his innovative leadership in mortgage technology. Over the past year, he designed and implemented a new Continuous Integration and Continuous Delivery/Deployment (CI/CD) process, significantly enhancing development efficiency, quality control, and resource allocation at Informative Research. His expertise in system architecture and problem-solving has streamlined operations, optimized processes, and driven measurable cost savings, including reducing verification costs by up to 35% and shortening closing times by an average of 15%.

“Praneeth is the backbone of our technology team, driving innovation and efficiency with his strategic vision and technical expertise. His ability to architect and implement complex solutions has significantly improved development quality and operational performance,” said Ajay Trilokeshwaran, Executive Vice President of IT at Informative Research. “Beyond his technical acumen, Praneeth’s leadership fosters collaboration and problem-solving, ensuring our teams deliver impactful solutions with speed and precision. His dedication and insight are instrumental to Informative Research’s continued success and market leadership.”

View the complete list of this year’s winners and their profiles at https://www.housingwire.com/risingstars/.

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. Informative Research is recognized for streamlining the loan process with its straightforward service model, progressive solutions and cutting-edge technology. The company is also a proud recipient of the HousingWire Tech100 award, honoring the most innovative technology companies in the housing economy. To learn more, visit https://www.informativeresearch.com.

NEWS SOURCE: Informative Research

To view the original story, visit: https://www.send2press.com/wire/praneeth-reddy-saripalli-of-informative-research-honored-among-2025-housingwire-rising-stars/

Sean Dugan to share leadership priorities as incoming Dark Matter CEO on The Big Picture

CLEVELAND, Ohio, March 31, 2025 (SEND2PRESS NEWSWIRE) — Top mortgage industry webcast The Big Picture, broadcast live every Thursday at 3 pm ET, this week features Sean Dugan, incoming CEO of Dark Matter Technologies. Dugan will join co-hosts Rich Swerbinsky, mortgage business consultant and executive coach, and Rob Chrisman, editor-in-chief of the widely followed Chrisman Commentary newsletter, to discuss his leadership vision, Dark Matter’s newly announced servicing platform and strategies lenders can employ to stay competitive in a shifting mortgage landscape.

Image caption: The Big Picture guest Sean Dugan.

During the webcast, Dugan will address the importance of continuity for Dark Matter’s clients and how measured technology innovation can help lenders improve efficiency and profitability. He will also explore industry-wide concerns such as vendor consolidation, compliance changes and the role of automation in streamlining processes. Additionally, Dugan will provide perspective on Dark Matter’s upcoming initiatives, including a developer portal slated for late 2025 that will simplify integrations for lenders and vendors.

Dugan, who has been with Dark Matter Technologies and its predecessor organizations for 14 years, currently serves as chief revenue officer. Drawing on his extensive mortgage technology background and hands-on leadership style, he has been instrumental in building Dark Matter’s customer-centric culture.

Dugan’s episode will air live on Thursday, April 3, at 3 pm ET. Mortgage professionals can register for the webcast and access past episodes at https://www.chrismancommentary.com/the-big-picture.

About The Big Picture:

Tags: @dmattertech #mortgagetech #digitallending #Aiinlending

NEWS SOURCE: The Big Picture Mortgage Webcast

To view the original story, visit: https://www.send2press.com/wire/sean-dugan-to-share-leadership-priorities-as-incoming-dark-matter-ceo-on-the-big-picture/

The Mortgage Collaborative Helps Lender Member Resolve VA Loan Issue, Restoring Lender Authority

SAN DIEGO, Calif., March 27, 2025 (SEND2PRESS NEWSWIRE) — The Mortgage Collaborative (TMC) has once again demonstrated the power of its network by swiftly assisting lenders to resolve a critical VA lending issue that had stalled loan processing nationwide. Through rapid collaboration, direct engagement with the Department of Veterans Affairs (VA), and the persistence of key TMC members, impacted lenders regained their VA underwriting and insurance authority in just one week—ensuring veterans could move forward with their home purchases.

Image caption: The Mortgage Collaborative Network at Globe Life Field in Arlington, TX during the March Live Large, Think Big! TMC Conference.

On March 13, Max Leaman, CEO of LoanPeople, informed TMC Member Benefits Advocate Sarah Wood that a transition to the VA’s new PPM system had inadvertently stripped multiple lenders of their automatic authority and SAR designations. The widespread issue threatened to delay thousands of veteran home purchases, including three loans at immediate risk.

Despite repeated attempts by lenders to resolve the matter, progress had stalled.

“Our VA underwriting authority was unexpectedly revoked due to a systems issue,” said Leaman. “After two weeks and 30+ hours of calls with no resolution, I reached out to Sarah at TMC. She quickly connected us with key TMC members and brought in TMC Director of Membership Growth, Toni Bramley, and their work had us reinstated within 48 hours. This is exactly why TMC exists—when a member faces a challenge, the network mobilizes to find a solution and gets it done.”

Wood immediately engaged TMC’s member network, bringing in experienced VA lenders to strategize solutions. Industry leaders including Khash Sagahafi and Michelle Massucci (Liberty Home Mortgage Corporation), Kim Mason (Atlantic Bay Mortgage Corporation), and Teresa Rose (Western Ohio Mortgage Corp) provided critical guidance, shared contacts, and helped troubleshoot interim solutions to keep loans moving while compliance issues were addressed.

Support continued at TMC’s Live Large, Think Big! conference in Dallas (March 16-18), where Wood and Bramley worked behind the scenes, leveraging direct VA connections and coordinating efforts. By March 20, their persistence paid off—lenders had their VA automatic authority and SAR designations reinstated.

“TMC’s network is built on collaboration,” said Sarah Wood. “When a lender faces a challenge, no one hesitates to step in. It’s not just about fixing an issue—it’s about ensuring real people get into their homes. This was a true team effort, and I’m incredibly proud of the dedication that made it happen.”

TMC CEO and President Jodi Hall echoed this sentiment, saying “Sarah and Toni were relentless. Their dedication is a testament to how greater impact is achieved together and how our accountability to our members’ success drives everything we do.”

“This is a relationship-driven network, and that’s how you get things done,” added Toni Bramley.

For more information on TMC’s advocacy efforts or membership opportunities and benefits, contact Faith Howard-Mooney at fhoward-mooney@mtgcoop.com.

About The Mortgage Collaborative

The Mortgage Collaborative (TMC) is a membership-driven* organization dedicated to empowering mortgage lenders across the United States through networking, education, and advocacy. Our goal is to support the success of our members by fostering an environment of collaboration and innovation. For more information, visit http://www.mortgagecollaborative.com/

NEWS SOURCE: The Mortgage Collaborative

To view the original story, visit: https://www.send2press.com/wire/the-mortgage-collaborative-helps-lender-member-resolve-va-loan-issue-restoring-lender-authority/

Optimal Blue Establishes Alliance with Cotality to Expand the Reach of Its Mortgage Origination and Pricing Data

Cotality to Offer Optimal Blue's Direct-Source Origination Data to Capital Markets, Research, and Investment Firms

PLANO, Texas, March 27, 2025 (SEND2PRESS NEWSWIRE) — Optimal Blue today announced a strategic alliance with Cotality™ (formerly CoreLogic®) that expands access to its mortgage origination and pricing data. Through this collaboration, Cotality will offer Optimal Blue’s data to a broader audience, including hedge funds, capital markets participants, and investment firms seeking insights into the mortgage markets.

Image caption: Optimal Blue logo.

Optimal Blue sources mortgage rate lock data directly from its product, pricing, and eligibility (PPE) engine, which is used to lock more than one-third of U.S. mortgages. By offering mortgage origination and pricing data alongside its extensive suite of real estate data and analytics solutions, Cotality’s clients gain access to more comprehensive housing market data that helps them improve decision-making, forecasting, and risk management strategies.

“Optimal Blue’s growing relationship with Cotality represents our shared commitment to bringing meaningful data and analytics to participants across all segments of financial markets whose businesses can benefit,” said Mike Vough, head of corporate strategy at Optimal Blue. “Optimal Blue offers the most representative, direct-source mortgage rate lock data available – a strategic complement to Cotality’s extensive property insights – giving financial market participants a holistic view of housing market dynamics to enhance investment decisions.”

“Offering Cotality’s comprehensive property data available with Optimal Blue’s direct to source mortgage rate lock dataset gives our customers additional insights and demonstrates our commitment to innovation— making the industry smart and faster,” said Sachin Rajpal, Managing Director of Cotality Data Solutions.

Optimal Blue’s Market Data License enables institutions to access loan-level origination and pricing information daily via secure file transfer protocol (SFTP), search over 60 variables per loan – including product type, pricing, credit attributes, property details, and occupancy status – and track primary market production trends and shifting borrower demographics. Additional use cases include supporting advanced market share analysis and portfolio benchmarking while gaining deeper insights into housing and mortgage market movements.

About Optimal Blue

LOGO link for media: https://www.Send2Press.com/300dpi/14-0625-s2p-optimal-blue-300dpi.jpg

NEWS SOURCE: Optimal Blue

To view the original story, visit: https://www.send2press.com/wire/optimal-blue-establishes-alliance-with-cotality-to-expand-the-reach-of-its-mortgage-origination-and-pricing-data/

Fintech and mortgage innovation take center stage as Figure Lending CEO Mike Tannenbaum appears on The Big Picture webcast

CLEVELAND, Ohio, March 24, 2025 (SEND2PRESS NEWSWIRE) — Top mortgage industry webcast The Big Picture, broadcast live every Thursday at 3 pm ET, this week features Mike Tannenbaum, CEO of Figure Lending, the nation’s largest non-bank provider of home equity lines of credit. Tannenbaum will join co-hosts Rich Swerbinsky, mortgage business consultant and executive coach, and Rob Chrisman, editor-in-chief of the widely followed Chrisman Commentary newsletter, to explore the evolving role of fintech in mortgage lending, the impact of technology-driven financial solutions and the broader outlook for digital transformation in capital markets.

Image caption: Figure Lending CEO Mike Tannenbaum appears on The Big Picture webcast.

With extensive experience in financial services, capital markets and strategic leadership, Tannenbaum understands how technology reshapes lending and risk management. At Figure Lending, he oversees financial strategy and operations, guiding the company’s rapid growth and its pioneering use of blockchain technology to streamline mortgage origination and servicing.

Tannenbaum’s career spans leadership roles at major financial institutions and fintech firms. He served as chief operating officer and chief financial officer at Brex, where he played a key role in scaling the company’s financial infrastructure. Before that, he was chief revenue officer at SoFi, leading its mortgage and consumer lending initiatives. His expertise in economic strategy, portfolio management and technology-driven lending solutions has made him a respected leader in the fintech and mortgage industries.

During the webcast, Tannenbaum will share insights on fintech’s role in expanding access to credit, optimizing financial performance and driving efficiency in mortgage lending. He will also discuss how Figure Lending is leveraging next-generation financial products to improve the borrower experience and reshape the lending landscape.

Tannenbaum’s episode will air live on Thursday, March 27, at 3 pm ET. Mortgage and fintech professionals can register for the webcast and access past episodes at https://www.chrismancommentary.com/the-big-picture.

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 https://www.chrismancommentary.com/the-big-picture to subscribe.

Tags: @Figure #mortgagetech #fintechinnovation #capitalmarkets

NEWS SOURCE: The Big Picture Mortgage Webcast

To view the original story, visit: https://www.send2press.com/wire/fintech-and-mortgage-innovation-take-center-stage-as-figure-lending-ceo-mike-tannenbaum-appears-on-the-big-picture-webcast/

CapitalW Collective Collaborates with Citizens to Advance Women in Mortgage Capital Markets

SAN DIEGO, Calif., March 19, 2025 (SEND2PRESS NEWSWIRE) — CapitalW Collective, a leading non-profit dedicated to increasing the representation of women and their allies in mortgage capital markets, proudly announces Citizens as a Diamond-level corporate sponsor. This partnership reflects a shared commitment to fostering a more inclusive and dynamic mortgage capital markets industry by providing education, mentorship, and leadership opportunities, particularly for underrepresented professionals.

Image caption: CapitalW Collective.

A Partnership for Progress

Citizens joins CapitalW Collective in its mission to equip women and their allies with the resources, networks, and support needed to succeed in mortgage capital markets. This partnership comes at a pivotal time of demographic asymmetry in key leadership and technical roles by women within the industry.

“We are honored to welcome Citizens as a corporate sponsor and collaborator to create greater awareness of career opportunities within mortgage capital markets through an emphasis on education to drive meaningful change,” said Amy Creason, CMB, co-founder, and Board Secretary at CapitalW Collective. “Citizens’ leadership and dedication to inclusion make them an invaluable partner in our mission to build a stronger, more representative industry.”

Building a More Inclusive Future

As a Diamond-level corporate sponsor and ally, Citizens will actively contribute to CapitalW Collective’s educational, networking, and mentorship initiatives designed to cultivate the next generation of leaders in mortgage capital markets. Additionally, teammates from Citizens will lend their expertise to share industry insights and best practices to help CapitalW Collective’s participants learn and grow in mortgage capital markets.

Deb Jones, CMB, Senior Vice President, and Director of Capital Markets at Citizens shared: “It is a great honor to support CapitalW Collective’s mission to educate, elevate, and empower. As a Board Member of CapitalW Collective, I have the privilege to “pay it forward” through the free programs we’re offering. Being involved in CapitalW Collective provides an outlet to give back to others what my mentors – both men and women – have given to me over my career and fill a development gap in the mortgage industry. I am proud that Citizens has joined an impressive team of sponsors, and I hope more lenders follow suit as a way to invest in their colleagues and grow organizational talent.”

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.

About Citizens Financial Group

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $217.5 billion in assets as of December 31, 2024. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,100 ATMs and approximately 1,000 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available https://www.citizensbank.com/ or visit us on X (formerly Twitter), LinkedIn or Facebook.

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.

To view the original story, visit: https://www.send2press.com/wire/capitalw-collective-collaborates-with-citizens-to-advance-women-in-mortgage-capital-markets/

ScoopCloud

The affordable PR newswire service

Tag Archives: Mortgage

Mortgage Lenders Lifted by Collaboration During Extended Period of Margin Compression, Regulatory Chaos, and Technology Transformation, reports The Mortgage Collaborative

Optimal Blue Brings AI-Powered Originator Assistant to Market, Helping Originators Present Best Possible Loan Options to Borrowers

Cloudvirga launches Tropos, a modern borrower portal built for the future of digital lending

Envoy Mortgage expands down payment assistance reach with Down Payment Resource partnership after successful pilot

iEmergent releases 2024 HMDA insights: IMBs dominate, refinances rise, equity gaps persist

Victorian Finance Switches to LiteSpeed by LenderLogix for Point-of-Sale

The Big Picture webcast spotlights mortgage industry power players in May lineup

Dark Matter launches Developer Portal, opening the Empower LOS to external innovation

43 new assistance programs were added during the first quarter of 2025, expanding support for more homebuyers

Class Valuation expands sales leadership with industry veterans Jim Bannister and Scott Shaw

iEmergent’s Nossuli duo to unpack SPCP fallout and early HMDA trends on The Big Picture

Friday Harbor raises $6M to help community mortgage lenders match the speed and efficiency of industry giants

Class Valuation appoints Chris Flynn as chief data officer to accelerate innovation and data strategy

Tidewater Mortgage Services Replaces Legacy POS with LiteSpeed from LenderLogix

The future of builder-affiliated lending: Jet’s Kelley Hailstone talks strategy on The Big Picture

Click n’ Close Expands Correspondent Lending Sales Team with Mortgage Industry Veteran Kim Schenck

Class Valuation expands private lending capabilities with acquisition of Appraisal Nation

Cooler Interest Rates Heat Up Refinances and Spark Early Signs of Purchase Demand

The Mortgage Collaborative President and CEO Jodi Hall to spotlight new leadership priorities and 2025 industry insights on The Big Picture

The Mortgage Collaborative Welcomes New Lender Members and Preferred Partners to Its Expanding Network

Cloudvirga’s Aaron Heidorn honored as a HousingWire Rising Star

Dovenmuehle Receives New Subordinate Lien Servicer Ranking, Maintains Above Average Primary Servicer Ranking from S&P Global Ratings

iEmergent confronts the DEI debate with bold webinar on the business case for diverse lending

MMI Strengthens Mortgage Tech Leadership in Q1 2025 with MonitorBase Acquisition and Major Platform Enhancements

Floify’s Maggie Zielinski Swanson named to HousingWire’s 2025 Rising Stars list

Optimal Blue’s Shawn Chandwani Named to HousingWire’s 2025 Rising Star List

Janet Pitney of Click n’ Close Honored with 2025 HousingWire Rising Stars Award

ACES Quality Management’s Josh Reed Honored as 2025 Rising Star by HousingWire Magazine

Informative Research Data Solutions’ Jooyoung Jung recognized as a 2025 HousingWire Rising Stars Honoree

Praneeth Reddy Saripalli of Informative Research honored among 2025 HousingWire Rising Stars

Sean Dugan to share leadership priorities as incoming Dark Matter CEO on The Big Picture

The Mortgage Collaborative Helps Lender Member Resolve VA Loan Issue, Restoring Lender Authority

Optimal Blue Establishes Alliance with Cotality to Expand the Reach of Its Mortgage Origination and Pricing Data

Fintech and mortgage innovation take center stage as Figure Lending CEO Mike Tannenbaum appears on The Big Picture webcast

CapitalW Collective Collaborates with Citizens to Advance Women in Mortgage Capital Markets