Florida-based OpenClose, a multi-channel loan origination system (LOS) and mortgage fintech provider, has announced the appointment of long-time industry veteran Tom Rice as VP, Enterprise Account Executive. Rice ...
Read More »Finicity Partners with Ellie Mae
Utah-based Finicity, a financial data aggregator specializing in credit decisioning, has announced an integration agreement with Ellie Mae, the cloud-based platform provider for the mortgage finance industry, to ...
Read More »Mortgage Origination Profits Dip in Q4
Independent mortgage bank and subsidiaries received less of a return on each loan originated at the end of 2017, and a new report got to the bottom of why.
Read More »Mortgage Apps Decrease, Led by Refis
The mortgage rates, which are usually responsible for the rise or fall in mortgage applications, have remained stable for a few weeks now. Yet, mortgage apps decreased 1.1 ...
Read More »Are Nonbanks Susceptible to Liquidity Vulnerabilities?
Nonbanks originated about half of all mortgages in 2016 and 75 percent of mortgages insured by the FHA or VA. However, a recent study by the Brookings Institution ...
Read More »Fidelity National Acquires Stewart Information Services for $1.2B
One of the country’s largest title insurance companies, Fidelity National Financial Inc (FNF), has signed an agreement to acquire Stewart Information Services, for $1.2 billion, Fidelity said in ...
Read More »HouseCanary Wins $706.2 Mn Verdict Against AMROCK Inc.
A federal jury in Texas has awarded HouseCanary, a provider of real estate valuation and assessment tools, $706.2 million in its breach of contract and trade secret misappropriation ...
Read More »Caliber Home Loans Launches Mobile Platform
Coppell, Texas-headquartered Caliber Home Loans, Inc. (Caliber), has announced the launch of a new mobile platform. Featuring three mobile phone apps customized for three user groups–borrowers, the Caliber ...
Read More »The Benefits of a True Digital Mortgage
Digital mortgage is the latest buzzword in the lending market today. But, according to an eBook titled, “The True Digital Mortgage” by mortgage technology platform provider Ellie Mae, ...
Read More »Next-gen Buyers Steering Away From 20 Percent Down Payment
While it might be the industry gold standard, the “typical” 20 percent down payment doesn’t exactly glitter with the majority of first-time millennial mortgage getters. When queried about ...
Read More »