Though most lenders offer digital closings, very few have been able to utilize the technology completely and want to work toward greater adoption this year. That’s according to Snapdocs’ 2025 State of eClose Adoption Report, which collected third-party insights from 100 mortgage lending institutions. The report found that 90% of these lenders offer digital closings,…
A flood of foreclosure starts and repossessions upended many Americans’ lives in Q1 as increasing economic pressures strains homeowners. A total of 93,953 properties had foreclosure filings (which include default notices, scheduled auctions, and bank repossessions) in Q1 2025, up 11% from the previous quarter, according to ATTOM. That figure is actually down 2% YOY,…
Americans worry they’ll never be able to afford a home, but those who buy say knowledgeable loan officers helped boost their confidence. That’s according to KeyBank’s 2025 Financial Mobility Survey, which confirmed what analysts and LOs alike have discovered in the last few years: nearly half of Americans want to become homeowners but feel like…
Rate’s new SVP of Mortgage Lending for the Washington market is Connie Lindsay. The Seattle native’s new position was announced on Wednesday. She brings more than three decades of industry experience to the position, having most recently served as an LO with U.S. Bank. “This new role represents a thrilling chapter in my career, where…
New research found that accelerating loan delivery to the secondary and capital markets through eClosings leads to pricing gains of up to 10 bps. Research conducted by Snapdocs in partnership with Falcon Capital Advisors showed that lenders using Snapdocs delivered loans an average of five days faster and saw portfolio benefits of $115 to $283…
Taking November’s emphasis on gratefulness as their cue, Rocket Pro TPO is taking 24 bps off eligible loans as a “thank you” to its partners. Rocket Pro TPO EVP Mike Fawaz announced the promotion in a video. 24 Takeoff applies to purchases and refis for conventional, VA, and FHA loans. It does not apply to…
By ROB ZIMMER Americans are experiencing an affordable housing epidemic. A shortage in housing supply combined with rising interest rates has impacted millions of communities across state and party lines – making it increasingly difficult for families to realize their dream of homeownership. Unbeknownst to many, there’s another factor significantly contributing to the housing affordability…
United Wholesale Mortgage unveiled looser cash-out refinance guidelines to boost business, but some analysts worry it could stretch homeowners too thin. UWM launched a new 90% LTV cash-out refi that doesn’t require insurance. It’s painted as a way to “win more business and gain valuable referrals while helping borrowers take full advantage of their home…
Dark Matter unveiled another loan origination system, NOVA LOS, under its brand. The move allows Dark Matter to accommodate a diverse range of business models, with two distinct systems available. Where Empower is designed for lenders looking to scale, NOVA is a reliable, lower-cost solution that works well for small lenders needing minimal administrative overhead….
United Wholesale Mortgage rolled out a new technology to give brokers easy access to refinance opportunities. The system, KEEP, sends pre-validated refinance opportunities once mortgage rates shift to meaningfully save borrowers money. UWM says its goal is to help wholesale lenders capture refi opportunities in a saturated market. “In a refi market, you can expect…
End of content
End of content
Before You Go, Get the Latest News and UPDATES!
Stay Tuned!