Industry Spotlight

A new “state of borrower experience” report from Snapdocs and STRATMOR Group revealed pain points within the mortgage process. The two companies hope this report will offer insight for lenders to meet borrower expectations and encourage repeat business.

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As the housing market continues to cool, two mortgage lenders have abruptly announced they will be closing their doors for good, while a third has announced a substantial round of layoffs. Another lender has announced the layoff of nearly 1000 employees nationwide.

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According to the U.S. Foreclosure Market Report released by ATTOM, foreclosures reached pre-pandemic levels in August.

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The National Association of Minority Mortgage Bankers of America introduced the first accredited social impact lender (ASIL) certification. This certification allows lenders to demonstrate a commitment to social impact and racial equity in the lending marketplace.

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Xactus, a verification service provider for the banking and mortgage industries, has acquired MassiveCert, a data and technology leader in residential national flood data and technology. Read on for more details. Read on »

Alternative mortgage lender Calque, with ALCOVA Mortgage, has launched its trade-in mortgage solution which allows homeowners to utilize equity in their home before it’s sold.

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Less than one week after announcing the layoff of 75 percent of its workforce, First Guaranty Mortgage Corp. has filed for bankruptcy and is seeking Chapter 11 protections.

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Guild Mortgage has introduced a new program which helps homebuyers compete with all-cash offers.

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The financial world has been inundated with new technology. Mobile banking, digital wallets, cryptocurrencies, blockchain. These are all phrases that were meaningless five to 10 years ago but are now the latest in the ever-changing world of fintech.

ICE Mortgage Technology Senior Vice President of Product Strategy Stephanie Durflinger spoke with Dodd Frank Update on utilizing technology to solve problems and help customers throughout the mortgage process.

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The Consumer Bankers Association (CBA) has named a new president and CEO to succeed Richard Hunt, who has served the CBA since 2009.

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