BREAKING NEWS
MBA Builder Applications Survey Sees Monthly, Annual Decreases
Mortgage applications for new home purchases fell by 1 percent in February from January and by nearly 4 percent from a year ago, the Mortgage Bankers Association reported Thursday.
The Federal Open Market Committee on Wednesday raised the federal funds rate for the first time since 2018, marking a new approach to rising inflation and other economic pressures.
Ongoing lumber and building material supply side constraints, rising construction costs and expectations of higher interest rates continue to negatively affect builder sentiment even as buyer demand remains relatively solid, the National Association of Home Builders reported Wednesday.
After a challenging two years, the real estate industry again faces more uncertainty--and not just for the short term, a new report from the Urban Land Institute and PwC said.
Deephaven Mortgage, Charlotte, N.C., appointed Lisa Heitzmann, CMB, as Chief Operating Officer. She will oversee operations of Deephaven’s internal underwriting, wholesale and correspondent teams.
The Mortgage Credit Potential Index™ (MCPI) is a monthly reporting of mortgage credit inquiries analyzed by CreditXpert’s predictive analytics platform.
Bellwether Enterprise Real Estate Capital LLC, Cleveland, closed five loans totaling $116.9 million to finance two multifamily properties, one office portfolio and a mixed-use portfolio.
Wolters Kluwer Governance, Risk & Compliance, Minneapolis, signed an agreement with The Reynolds and Reynolds Co. to acquire International Document Services Inc., Draper, Utah, a provider of compliance and document generation software platforms for the mortgage and real estate industry, for $70 million in cash.
The steep run-up in interest rates, especially mortgage rates, since the start of the year prompted the mini survey I conducted in early March. It consisted of 10 questions that were put to 17 senior mortgage banking experts.
Being a better educator starts with having a full picture of the borrower’s financial situation. By taking a consultative approach, loan officers can ask questions to better understand what goals the potential borrower is trying to achieve. LOs can then provide the appropriate financial education that is relevant to best prepare them for homeownership.
As technologies and their principles pushed forth by digital transformation initiatives employing such as cloud, Web 3.0, decentralized finance (DeFi), and blockchain mortgage, the enterprise transactional mindsets and systems of record must evolve into stackable solutions—or risk stranding investments and customers on vendor platforms that cannot adapt to future requirements.
Whether you plan to buy or sell a company in 2021, these factors can greatly increase your chances of success.
Retention is the new acquisition and likely the most important KPI in the digital age. While the focus has historically been on acquiring new leads for revenue generation, the mortgage industry is now shifting its emphasis to retaining customers by enhancing the overall borrower experience.
