MeridianLink Inc., Costa Mesa, Calif., completed acquisition of OpenClose, a fintech provider of residential mortgage software products for banks, credit unions and independent mortgage lenders.
Category: News and Trends
Mark P. Dangelo: Data Ecosystems and Fabrics are the New ROI—Not Systems
Why does innovation and technology ROIs continue to disappoint? ROI efficacy has become the symptom of the problem as the bullseye of measure is no longer fixed on the application, the cloud solution, or the innovation delivered. The rise of digital ecosystems has permanently altered the ROI discussions and evaluations—and the investment strategies deployed.
ATTOM: Mixed Results on 3Q Opportunity Zone Growth
ATTOM, Irvine, Calif., said its analysis of low-income Opportunity Zone redevelopment found median single-family and condo prices slowed in the third quarter but continued to outpace the overall national housing market—although home values continued to lag.
MBA Offices Closed Friday
Offices of the Mortgage Bankers Association will be closed this Friday, Nov. 11, in observance of the Veterans Day holiday. MBA NewsLink will not publish.
Dealmaker: IPA Brokers Sales Multifamily Portfolio, Manufacturing Facility
Institutional Property Advisors brokered sales of a multifamily portfolio in New England and a manufacturing facility in Arizona.
Quote
“As rising interest and mortgage rates have put a dent in the once red-hot single-family market, multifamily construction has held up and by holding steady is taking a larger share of total residential construction.”
–Chuck Ehmann, Senior Real Estate Economist with RealPage, Richardson, Texas.
MBA Weekly Survey Nov. 9, 2022: Rates Rise; Refis Fall to 22-Year Low
Mortgage applications fell for the seventh straight week, with rising mortgage rates pushing refinance applications to their lowest level since 2000, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending Nov. 4.
Call for Speakers: MBA Technology Solutions Conference & Expo; Deadline Extended to Nov. 11
Speaking opportunities for breakout sessions are now being accepted for The Mortgage Bankers Association’s Technology Solutions Conference & Expo 2023, taking place April 2–5 at the San Jose McEnery Convention Center in San Jose, Calif.
John Sarris of Sourcepoint: Are Lenders Ready for the Great Cost Reset?
A few mortgage executives are embracing a more holistic strategy that goes beyond these all-too-familiar and destructive tactics—cost transformation. But what is it, exactly? More importantly, how can it help lenders operate more efficiently regardless of market shifts?
MISMO Announces Standards Governance Committee Election Results
MISMO Members elected the following individuals to join the Residential and Commercial Standards Governance Committees for the 2023-2024 term: