Press Releases

PITTSBURGH, PA- (January 14, 2019) – ServiceMac, an innovative new entrant in the mortgage servicing and portfolio management market, has selected ServiceLink’s powerful EXOS Servicing platform as its consumer digital solution. EXOS Servicing, part of the EXOS Technologies suite of services, is a...
WASHINGTON, D.C. (January 17, 2019) — The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for December 2018 shows mortgage applications for new home purchases decreased 6.1 percent from a year ago. Compared to November 2018, applications decreased by 13 percent. This chan...
WASHINGTON, D.C. (January 16, 2019) — Mortgage applications increased 13.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 11, 2019. The Market Composite Index, a measure of mo...
WASHINGTON, D.C. (January 10, 2019) — Mortgage credit availability decreased in December 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 MCA...
DocMagic, Inc. and SecurityNational Mortgage Corporation (SNMC), an independent national mortgage banker, have rolled out DocMagic’s comprehensive Total eClose platform. Since rolling out Total eClose in September, SNMC has reduced borrower time at the closing table to as little as 15 minutes, an...
Coordinated by Art To Grow On Children’s Art Center Inc. and sponsored by DocMagic Inc., the unique art boxes were prepared and delivered to patients with assistance from Girl Scout and Brownie Troops, community patrons, families, grandparents, students, and local community volunteers TORRANCE, C...
WASHINGTON, D.C. (December 19, 2018) — Mortgage applications decreased 5.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 14, 2018. The Market Composite Index, a measure of mortgage lo...
WASHINGTON, D.C. (December 13, 2018) — The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for November 2018 shows mortgage applications for new home purchases decreased 11 percent from a year ago. Compared to October 2018, applications declined by 14 percent. This change...
WASHINGTON, D.C. (December 4, 2018) — Delinquency rates for commercial and multifamily mortgage loans remained low in the third quarter of 2018, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Delinquency Report. “Commercial and multifamily mortgage delinquency...
Class Appraisal has hired Julie Jones as senior vice president of valuation transformation and engagement. She reports to Scot Rose, chief innovation officer for the organization. Most recently, Jones was a member of the Collateral Policy and Strategy team for Fannie Mae, where she led broader ou...
Mortgage Capital Trading Inc. is incorporating the company’s patent-pending geocoding technology into its Bid Auction Manager whole loan trading platform in order to shield borrower addresses from being shared with non-buying entities throughout the whole loan bidding process. “Concealing borrowe...
Mortgage credit availability increased in October according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association which analyzes data from Ellie Mae’s AllRegs® Market Clarity® business information tool. The MCAI increased 2.5 percent to 186.7 in October....
Mortgage Capital Trading Inc. plans to launch of MSRlive!, a powerful web-based platform designed to effectively support lenders’ efforts to build, maintain and optimize their servicing portfolios. The solution will be officially released at the IMN’s first annual Residential Mortgage Servicing R...
ServiceLink has secured a new partnership with Select Portfolio Servicing Inc. , an industry-leading mortgage servicer headquartered in Salt Lake City. SPS has chosen ServiceLink’s powerful EXOS Servicing platform as its consumer digital strategy. EXOS Servicing, part of the EXOS Technologies sui...
WASHINGTON, D.C. (October 24, 2018) — Mortgage applications rose 4.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 19, 2018. The previous week’s results did not include an adjustment f...
The Mortgage Bankers Association Has formed the Capital Council, a new business council made up of commercial real estate finance professionals from MBA member firms. The Capital Council, which succeeds the Investor Council, will facilitate an exchange of ideas about investment in commercial real...
Oct. 11, 2018 —Land Gorilla has integrated its Construction Loan Manager solution is now integrated with zlien, the world’s first and only collaborative construction payment ecosystem. This industry-first integration digitizes the lien waiver process for draw management, condensing turn time for ...
Oct. 4, 2018–Mortgage credit availability decreased in September, according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association  which analyzes data from Ellie Mae’s AllRegs® Market Clarity® business information tool. The MCAI decreased 0.8 percent to 1...
Advanced Data has hiredJon Maynell as the company’s president and a member of its board .Maynell brings more than 25 years of experience in all areas of mortgage technology including sales, marketing, functional design, and client success. Most recently, Maynell was Executive Strategist for Black...
Oct. 11, 2018–The Mortgage Bankers Association Builder Application Survey data for September 2018 shows mortgage applications for new home purchases increased 8.2 percent compared to September 2017. Compared to August 2018, applications decreased by 9 percent. This change does not include a...
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