Loan officers and operations staff can access credit, appraisal, property taxes and SmartFees services via a single provider

IRVINE, Calif., June 14, 2023—CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, has expanded its association with Blue Sage Solutions, LLC, developers of one of the mortgage industry’s leading browser-based, end-to-end lending platforms. The resulting integrations allow Blue Sage’s customers to easily access services from its Loan Officer Portal and LOS to drive efficiencies from point of sale through closing.

The newly added services integrate Instant Merge and Instant Merge Prequal credit reports and Mercury Appraisal management, including Accounting Automation, directly into the platform. Blue Sage customers can order both services via a centralized user interface, or each service can be accessed via automation during the loan lifecycle. The integrations ingest data and documents from each service into the loan that can be used to drive workflow, rules, decisioning and streamline the loan closing process. Access to both credit and appraisal data further enhances the existing integrations, with both SmartFees and Property Tax Estimator to automate the loan estimate and closing disclosure, as well as ensure all fees and taxes are reflective of each jurisdiction.

“We look forward to expanding our relationship with CoreLogic by providing solutions critical to the origination process directly from our platform,” said David Aach, chief operating officer for Blue Sage Solutions. “With the inclusion of their advanced credit prequalification and best-in-class appraisal management solutions, CoreLogic is helping our clients improve client satisfaction and easing workloads.”

“The customer-first relationship between CoreLogic and Blue Sage Solutions continues to grow,” said Jay Kingsley, president of mortgage solutions for CoreLogic. “These integrations continue our promise to provide cutting-edge, modern solutions to the mortgage industry to help our clients take time, touch and cost out of their processes.”

WASHINGTON, D.C. (June 7, 2023) — The Mortgage Bankers Association (MBA) today announced that Christine Chandler, Executive Vice President, Chief Credit Officer and Chief Operating Officer with M&T Realty Capital Corporation (RCC), has been nominated to serve as MBA's Vice Chair for the 2024 membership year. She is expected to be installed at the association's 110th Annual Convention in Philadelphia in October.

"Christine is a passionate and influential leader in real estate finance and is a terrific choice to lead MBA and its members through the challenges and opportunities our industry faces,” said Matt Rocco, 2023 MBA Chairman and President of Colliers Mortgage. “She is one of MBA’s most active members and is a strong advocate of ensuring sustainable homeownership and rental housing opportunities in communities nationwide. I congratulate her for this well-deserved honor of joining MBA’s leadership ladder.”  

Chandler has been with M&T since 1991 and has more than 30 years of experience in commercial real estate finance. Since 2018, she has been responsible for making credit decisions for M&T RCC multifamily and healthcare transactions underwritten in the Fannie Mae and Freddie Mac (Agency) and Federal Housing Administration (FHA) platforms as well as managing the company’s operations and its Asset Management Group and Transformation team.  

Prior to that, Chandler served 13 years as the M&T RCC Chief FHA Underwriter, was a senior Fannie Mae DUS Underwriter, and previously spent several years managing the closing and delivery for FHA and Ginnie Mae transactions. Chandler has also served as a relationship manager in the company’s commercial real estate division, focusing on construction and permanent portfolio lending.

Active in various committees and groups related to the mortgage banking industry, Chandler is a voting member of MBA’s Board of Directors, serves as the 2023 Chair of MBA’s Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG), and was appointed to MBA’s DEI Committee in 2022 and its Audit Committee in 2021. She is a sought-after speaker at industry conferences and is a passionate advocate for mPower, MBA Promoting Opportunities for Women to Extend their Reach, the largest networking organization for women in real estate finance.

In addition to industry leadership responsibilities, Chandler is also a board member for several not-for-profit entities. She is a Director for the University System of Maryland Foundation (USMF), where she serves on the Governance Committee. In addition, she has served as Vice Chair of the Advisory Board for Partners in Excellence (PIE), an organization that is affiliated with the Archdiocese of Baltimore, where she was appointed to the board by Archbishop Lori in 2017. After six years of service, she is now a PIE Advocate and continues to be passionate about the program. 

Chandler is a graduate of Towson University and resides in Severna Park, Maryland. 

BUFFALO, N.Y., June 7, 2023 — LenderLogix, a leading provider of mortgage automation software and application programming interfaces (APIs), today introduced the Homebuyer Intelligence Report, a quarterly summary of insights into borrower behavior during the home buying process based on data collected by the LenderLogix suite of tools. The inaugural report covers data collected during the pre-approval and borrower application process during the first quarter (Q1) of 2023.

Pre-Approvals

In Q1 2023, borrowers generated 53,281 pre-approval letters through LenderLogix’s QuickQual pre-approval platform. On average, borrowers logged into QuickQual roughly 12 times during the quarter to generate pre-approval letters, run payment scenarios or view closing cost summaries. Loan officers pre-approved an average of 24 borrowers during this same period. The average pre-approval letter generated in Q1 was for a loan amount of $292,491, and the average sales price was $334,022, resulting in an average down payment of roughly 12.4%. Conventional loans were the most popular loan type for which borrowers were pre-approved at 72%, followed by FHA (21%), VA (5%) and USDA (1%).

“Given the lack of housing inventory, borrowers and their real estate agents must have a complete picture of the borrower’s financing options to ensure they can make a highly competitive offer as quickly as possible,” said LenderLogix Co-Founder and CEO Patrick O’Brien. “Lenders need to truly understand the pressures and constraints their borrowers are working under and provide options that empower borrowers to match the speed of today’s housing market.”

Borrower Conversion

Of the borrowers using QuickQual in Q1 2023, the average number of days between pre-approval and loan submission was 71 days, with the longest being 622 days. 56% of borrowers using QuickQual converted from pre-approved status to loan applicant and generated an average of 9 pre-approval letters before converting.

“What these stats tell us is that the home search process is quite difficult for borrowers, even as competition has cooled slightly from the pandemic-driven frenzy,” O’Brien noted. “For loan officers, this should serve as notice to be diligent in your outreach to support your prospects and their agents in what remains a challenging homebuying market and maximize your conversion rate.”