MISMO

Mortgage Machine Launches All-In-One LOS

Posted on by TMN Editor
Digital origination tech company Mortgage Machine Services launched an all-in-one loan origination system. Mortgage Machine, named to mirror the company and developed by industry pro Jeff Bode, is designed to improve lenders’ operation times and support an end-to-end digital origination process, according to company leaders. The system consolidates disjointed operations through workflow automation and compliance assurance. It features AI-powered task automation, a scalable cloud-based infrastructure, and flexible API capabilities, as well as pre-configured workflows tailored for retail and wholesale loan processes. It also provides end-to-end support throughout the lending, underwriting, documentation, and closing of a residential mortgage loan. “The LOS is the operational linchpin for every mortgage business, but most LOS platforms on the market today were not designed to…

HUD Official To Lead MISMO

Posted on by TMN Editor
Seth Appleton is leaving the U.S. Department of Housing and Urban Development and Ginnie Mae to serve as the new president of MISMO, the Mortgage Bankers Association announced Monday. MISMO is a non-profit subsidiary of MBA and is responsible for developing standards for exchanging information and conducting business in the mortgage finance industry in the United States. Appleton is the Assistant Secretary for Policy Development and Research at HUD and the Principal Executive Vice President at Ginnie Mae. “Seth’s considerable experience in senior leadership roles at HUD will serve MISMO well as it enters an exciting new phase of its standards development work,” MBA President and CEO Bob Broeksmit said. “MISMO is helping lead our industry into the digital future,…