Existing home sales jumped for the fourth consecutive month in September, the National Association of Realtors reported yesterday, reaching their highest level since 2006.
Category: News and Trends
MISMO Issues Next-Gen Logical Data Model
MISMO®, the mortgage industry standards organization, announced availability of its new MISMO logical data model as the next generation of the MISMO data exchange.
Mark P. Dangelo: Beyond Digital Transformation, Part 3—Preparing for the M&As of 2021
Banking and lending organizations with superior digital assets will create disruptive customer experiences and insights. They will be the sharks seeking the distressed institutions as 2021 arrives. Digital leverage has become a currency for innovative firms seeking larger markets, margins, and non-organic growth multipliers made singularly possible by their post-deal integrations skills and capabilities.
Industry Briefs Oct. 23, 2020
Black Knight Inc., Jacksonville, Fla., launched a Customer Service platform that provides an enhanced customer service experience for both customer service representatives and consumers.
Housing Market Roundup
It’s been a busy week here, with the Mortgage Bankers Association’s Annual Convention & Expo wrapping up. Here is a summary of some key housing market reports that took place over the past week. A major theme: tremendous housing market resiliency amid continued economic turmoil.
Dealmaker: MetroGroup Realty Finance Secures $27M for Industrial Assets
MetroGroup Realty Finance, Newport Beach, Calif., arranged $26.5 million in financing for three southern California industrial properties.
Quote
“It’s been an interesting year due to COVID. We saw our industry adopt and adapt quickly–which is something the mortgage industry is not really known for.”
— Rich Gagliano, President of Origination Technologies with Black Knight, Jacksonville, Fla.
Amid Coronavirus, mPower Also Adapts
MBA Chief Operating Officer Marcia Davies recognized early on that one of the most powerful elements of mPower events was social. Nine months into the coronavirus pandemic, she knows the mPower community is more important than ever.
MBA Forecast: 2020 Best Year For Industry Since 2003; 2021 Purchase Originations to Increase to Record $1.54 Trillion
In its latest forecast, the Mortgage Bankers Association said purchase originations are expected to grow by 8.5% to a record $1.54 trillion in 2021. And after a substantial 70.9% jump in activity in 2020, MBA anticipates refinance originations to slow next year, decreasing by 46.3% to $946 billion.
Andrew Weiss of Origence on Managing Customer Engagement
Andrew Weiss is Senior Vice President of Mortgage Origination Platform Strategy with Origence, Irvine, Calif., a provider of lending technology and platforms for the financial services industry. He has more than 30 years of experience in the mortgage and consumer lending space and was instrumental in developing Desktop Underwriter while working for Fannie Mae.