The Evolution of POS Technology (sponsored by Cloudvirga)

It’s always interesting to watch how market conditions intersect with technological developments to drive the evolution of an industry, shaping the creation of new products and services. We only have to look at the mortgage industry, more specifically, mortgage point-of-sale (POS) solutions, to see this occurring. Like much of the mortgage sector, POS platforms are undergoing a dramatic transformation.

Quote of the Day

“Mortgage rates decreased last week, driven by financial market volatility caused by current geopolitical conflict and ongoing tariff uncertainties.”
–MBA’s Joel Kan

May New Home Purchase Mortgage Applications Decreased 4.5%

The Mortgage Bankers Association’s Builder Application Survey for May 2025 shows mortgage applications for new home purchases decreased 4.5% compared to a year ago. Compared to April 2025, applications decreased by 9%.

Make Your Voice Heard through MBA Mortgage Action Alliance

The MBA Mortgage Action Alliance is a voluntary, non-partisan and free nationwide grassroots lobbying network of real estate finance industry professionals, affiliated with the Mortgage Bankers Association.