ANNOUNCEMENT
MBA Offices Will Be Closed This Monday, Nov. 11 in Observance of Veterans Day
The Mortgage Bankers Association this morning reported commercial and multifamily mortgage loan originations rose by 24 percent in the third quarter from a year ago and by 9 percent from the second quarter.
Two recent reports show equity-rich properties have increased strongly this year, while the number of properties with negative equity continue to fall.
Mortgage applications decreased slightly from one week earlier as key interest rates fell back below 4 percent, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending November 1.
The Mortgage Bankers Association promoted Rob Van Raaphorst to Vice President of Communications, responsible for shaping the Association’s overall public affairs strategy as well as overseeing all aspects of media relations, member communications and video content development.
The Mortgage Bankers Association announced Ethan Saxon joined the association as Associate Vice President of Legislative Affairs, responsible for advocating MBA's legislative and policy priorities on Capitol Hill, with a primary focus on Democratic members of the United States Senate.
Mortgage lending is not left out of this equation with solutions that do everything from automating data entry, to selecting vendors, to generating leads, to issuing reports and more. Lenders more than likely have a solution for whatever problem they might be facing, but with so many different solutions, it can sometimes complicate the process rather than simplify it.
Commercial servicing software needs to be flexible and scalable. It must accommodate a variety of loan products; include commercial-specific reporting, payment and escrow administration functionality; and provide support for asset managers.
