News

Owners in Generation X are willing to spend more on home renovations compared to any other generation at 72 percent—learn where HELOS and renovation loans stand among homeowner options to pay for these projects.

"We are excited about the opportunity of adding a significant number of talented mortgage professionals and establishing a new operations center for LenderLive in Jacksonville,” said Rick Seehausen, LenderLive CEO. “The arrangement accelerates our long-stated imperative of driving scale and operating leverage in our private label Mortgage Solutions business.”

“Westcor Specialty will create products and services to tap into new segments of the marketplace and will have a strong focus on technology,” explained Mary O’Donnell, President and CEO of Westcor Land Title Insurance Company.

Fannie Mae took another step in its Simplifying Servicing agenda with updates to investor reporting processes that standardized timing and procedures for collecting loan-level data in mortgage-backed securities.

ACES Risk Management (ARMCO), a provider of web-based audit technology for the mortgage industry, unveiled new capabilities for its ACES Audit Technology. Servicers can now modify and update compliance questionnaires in ACES as rules and processes change.

The Northwest experienced some of the highest appreciation rates in 2016, with Seattle; Portland, Oregon; and Denver all experiencing home price appreciation rates of 10 percent or higher in 2016. See what other areas had a strong 2016.

“Black Knight is pleased to provide these innovative capabilities to improve the process of gathering fees needed and estimated taxes for the closing process,” said Jerry Halbrook, President of the Origination Technologies division of Black Knight Financial Services. “By delivering automated fee quotes, Fee Service helps to minimize tolerance violations, increase savings, and enhance the borrower experience.”

On Monday, February 27th, the National Association of Realtor (NAR) will be releasing its latest Pending Home Sales Index. Read what other reports will be impacting the industry this week.

Borrower satisfaction is down, but should regain momentum; more processors offered incentives by lenders.

Economist says that decrease in loan applications for refinancing is partly responsible for the increase in loan application defects.