nCino, Wilmington, N.C., announced it will acquire SimpleNexus, Lehi, Utah, for $1.2 billion.
Category: News and Trends
Quote
“The number of new lenders entering the market or existing lenders expanding their programs is extraordinary. Capital chasing equity-like returns has found it more difficult to invest, and many have pivoted to high-yield debt strategies, such as real estate, that provide attractive risk-adjusted returns.”
–Brian Stoffers, CMB, Global President of Debt & Structured Finance for Capital Markets at CBRE (and past MBA Chair).
MBA Weekly Applications Survey Nov. 17, 2021: Refis Fall for 7th Time in 8 Weeks
Mortgage applications fell by nearly 3 percent from one week earlier as interest rates crept higher, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending November 12.
Faith Schwartz of Housing Finance Strategies: Three Keys to the Future of Appraisal
There can be no debate that bias must be eradicated from the collateral valuation process. While some may question the cause or amount of bias, the fact is we need to eliminate any bias from the system.
Rick Triola of NotaryCam: Worried About RON Storage? Stream It
Both Fannie Mae and Freddie Mac have updated their selling guides to state that lenders must retain the audio-video recording of the RON transaction for the greater of either (a) the minimum period required by the state in which the notary is licensed or (b) 10 years. This guideline has left a lot of lenders wondering just how to store all that audio-video footage…and spurred a new crop of vendors ready to meet this “need.”
MBA CONVERGENCE Partner Profile: Stephanie Moulton
The Ohio State University is a key leader in CONVERGENCE Columbus; Dr. Stephanie Moulton is the co-lead of the Evaluation Framework Working Group for CONVERGENCE Columbus.
COMBOG Corner: Interview with StanCorp’s Amy Frazey
Commercial real estate lending markets are on a tear heading into the last months of 2021. Life insurance companies are one of many capital sources benefiting from improved transaction volumes and economic fundamentals.
CFPB Issues RFI on Detecting Discrimination in Mortgage Lending
The Consumer Financial Protection Bureau on Tuesday issued a Request for Information seeking input on rules implementing the Home Mortgage Disclosure Act.
MBA Weekly Applications Survey Nov. 17, 2021: Refis Fall for 7th Time in 8 Weeks
Mortgage applications fell by nearly 3 percent from one week earlier as interest rates crept higher, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending November 12.
Industry Briefs Nov. 17, 2021: nCino to Acquire SimpleNexus for $1.2 Billion
nCino, Wilmington, N.C., announced it will acquire SimpleNexus, Lehi, Utah, for $1.2 billion.