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Mortgage Rate Lock Volume Climbs, Ending Nine-Month Skid

Mortgage rate lock volumes have risen sharply, snapping a nine-month losing streak, according to Black Knight’s Originations Market Monitor. So reports Seeking Alpha. Read more...

Rocket Mortgage CEO Jay Farner Will Retire in June

Jay Farner, who has been CEO of Rocket Mortgage since 2017, will retire on June 1, Rocket Companies has announced. So reports the Detroit Free Press. Read more...

Ask The Expert: Understanding Opportunity, Relationships, and Value

In my previous column I addressed reader questions about having a successful 2023. I highlighted "A-O-R-V," which stands for Attitude, Opportunity, Relationship and Value.  Read more...

Zillow's Best Practices for Online Lead Conversion

An increasing number of home loan prospects (about 25%) find their lender online, according to Zillow Group’s Consumer Housing Trends Report 2021. This means LOs must be adept at transforming leads from initial contacts to satisfied customers. Zillow recommends several tactics to drive success. Read more...

Black Knight Said to Be Exploring Empower Sale

Black Knight has opted to put its Empower loan origination software business up for sale, according to sources with knowledge of the situation. So reports Reuters. Read more...

JPMorgan Lays Off Hundreds of Mortgage Employees

JPMorgan Chase has handed out pink slips to hundreds of employees in its mortgage division. So reports Reuters. Read more...

Second Man Gets Prison for Decade-Long Mortgage Scam

A mortgage fraud scheme that went on for nearly a decade has landed a second person in federal prison. So reports The Salem News. Read more...

ValueBase Grabs $1.6M to Automate Appraisals

ValueBase, a developer of what its website calls “land-first models to create mass appraisal modeling and property valuations,” has raised a $1.6 million seed round. So reports TechCrunch. Read more...

Rocket Powering Mortgages for Community Bank

Fourth Capital Bank has become the first community bank to offer Rocket Mortgage’s digital home loan application process solution through integration with its digital banking platform. So reports IBS Intelligence. Read more...

ICE Mortgage Technology Posts 4Q Decline

Intercontinental's mortgage technology business has disclosed a 28% drop in net income for the fourth quarter of 2022. So reports Reuters. Read more...

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