Press Releases

Refined, Resourceful, Ready to Help Clients Grow EAST MEADOW, NY, JULY 7, 2020 — Sprout Mortgage, the leading nationwide force in non-QM residential lending, today announced the resumption of its Correspondent Lending operations, effective immediately. “We’re excited to once again offer a c...
 Nationwide Mortgage Bankers is proud to announce Brad Robinson as the new Chief Financial Officer starting July 1, 2020. Robinson will be spearheading our financial department with 24+ years of knowledge and experience, eighteen of which are in the mortgage industry. He will be responsible for o...
WASHINGTON, D.C. (June 29, 2020) — MBA President and CEO Bob Broeksmit, CMB, released the following statement regarding the Supreme Court ruling in the case of Seila Law LLC v. Consumer Financial Protection Bureau (CFPB). “MBA believes that severing the provision related to the independence of th...
By adding Property Vision to any contact-less valuation product, including AMVs, lenders gain the benefit of more accurate valuations and safer older borrowers Washington, D.C., – June 24, 2020 – Appraisal Logistics, a leading provider of high quality appraisal management services, technology and...
Providing Greater Home Financing Power for Highly Qualified Borrowers EAST MEADOW, NY, JUNE 16, 2020 — Sprout Mortgage, the leading nationwide force in non-QM residential lending, today announced enhancements to its recently unveiled suite of non-QM programs that are designed to provide add...
Partnership enables lenders to access OptifiNow’s Sales and Marketing Automation Platform through leading digital lending platform SEAL BEACH, CA – JUNE 16, 2020 – OptifiNow, a provider of sales and marketing automation technology, announced that its platform will be integrated with the Ellie Ma...
WASHINGTON, D.C. (June 18, 2020) — Commercial and multifamily mortgage delinquencies remained low at the end of the first quarter of 2020, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Delinquency Report. “This year’s first quarter marked the end of a long pe...
WASHINGTON, D.C. (April 29, 2020) — Mortgage applications decreased 3.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 24, 2020. The Market Composite Index, a measure of mortgage loan app...
—New Solution Allows Appraisers to Guide Homeowners Through Necessary Steps in Inspection Process to Keep Appraisals Moving Swiftly— IRVINE, Calif., April 24, 2020—CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced the av...
–loanDNA Provides Critical Intelligence for Servicers and Investors to Optimize Decision Making- Anaheim, Calif. April 9, 2020 – Consolidated Analytics, Inc., a leading provider of end-to-end mortgage solutions, today announced the launch of loanDNA. Powered by mortgage artificial intellige...
WASHINGTON, D.C. (April 21, 2020) – MISMO®, the mortgage industry’s standards organization, today announced a new Remote Online Notarization (RON) certification program for RON providers and mortgage industry participants. “Digital mortgage closings – especially during this time of so...
WASHINGTON, D.C. (April 20, 2020) — The Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance jumped from 3.74% of servicers’ portfolio volume in the prior week to 5.95% as of April 12, 2020. Mortgages backed by G...
WASHINGTON, D.C. (April 17, 2020) — Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $1,470 on each loan they originated in 2019, up from $367 per loan in 2018, the Mortgage Bankers Association (MBA) reported today in its Annual Mortgage Bankers Pe...
WASHINGTON, D.C. (April 15, 2020) — Mortgage applications increased 7.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 10, 2020. The Market Composite Index, a measure of mortgage loan app...
WASHINGTON, D.C. (April 14, 2020) — The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for March 2020 shows mortgage applications for new home purchases increased 21.2 percent compared from a year ago. Compared to February 2020, applications increased by 14 percent. This...
WASHINGTON, D.C. (April 9, 2020) — Mortgage credit availability decreased in March according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from Ellie Mae’s AllRegs® Market Clarity® business information tool. The MCAI fell...
RENO, Nev. — March 26, 2020 — Clear Capital, the premier provider of modern real estate valuation and analytics technology solutions, today announced OwnerInsight™, a tool that enables safe social distancing while empowering homeowners to provide timely, high-quality information and images of the...
WASHINGTON, D.C. (March 26, 2020) — MBA President and CEO Bob Broeksmit, CMB, released the following statement regarding the overwhelming bipartisan Senate passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act: “MBA commends the Senate’s passage of this relief package, which w...
OptifiNow platform selected to provide CRM, sales and marketing automation and data integration with mortgage loan origination system (LOS) to support 2020 revenue goals. SEAL BEACH, Calif. – ClearEdge Lending, a Non-QM wholesale mortgage lender based in Southern California, announced that Optifi...
WASHINGTON, D.C. (February 11, 2020) — The delinquency rate for mortgage loans on one-to-fourunit residential properties decreased to a seasonally adjusted rate of 3.77 percent of all loans outstanding at the end of the fourth quarter of 2019, according to the Mortgage Bankers Association’...
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