Industry Briefs, Sept. 13, 2024
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Maryland Mortgage Bankers and Brokers Association to Host RECHARGE Baltimore Housing Summit Oct. 3
The Maryland Mortgage Bankers and Brokers Association is hosting the RECHARGE Baltimore Housing Summit on Oct. 3 from 10 a.m. to 5 p.m. at Coppin State University in Baltimore.
The summit is an opportunity to engage with key regional leaders and stakeholders and learn about the latest initiatives driving housing and economic growth in Baltimore.
Inspired by the Mortgage Bankers Association’s CONVERGENCE initiative, the MMBBA Summit aims to foster collaboration among mortgage lenders, Realtors, developers, non-profits and government officials to address housing market challenges and promote sustainable development.
Attendees will gain insight into how to grow their businesses by becoming well-informed and actively involved in the region’s housing initiatives, while also contributing to Baltimore’s economic revitalization.
More information about the summit, including an agenda, can be found here.
MMI Announces Refinder Tool
Mobility Market Intelligence, Cottonwood Heights, Utah, announced a new feature, Refinder, to help lenders uncover refinance opportunities among their past borrowers.
Refinder scans a loan officer’s portfolio of past loans, and provides insights such as predicted monthly savings, cash out potential and current LTV.
The new tool can also rank and assess the identified opportunities to allow prioritization.
LoanPASS Rolls Out New Product
LoanPASS, Miami, announced LoanCOMPASS, a research tool designed to help lenders find niche loan products.
It will provide real-time loan eligibility and loan-level price adjustment details for more than 900 niche and non-QM products, including jumbo loans, down payment assistance products and reverse mortgages, among many others.
It provides more than a dozen filters, including loan type, loan purpose, lien position, occupancy type, purchase price, credit score and loan-to-value (LTV) ratio.
LoanCOMPASS is available by monthly subscription, and banks, credit unions, independent mortgage bankers and private lenders can request a 60-day trial via the company’s website.
Rice Park Capital Management Closes RPC Ventures Fund II LP
Rice Park Capital Management, Minneapolis, announced its strategic equity investing team has closed RPC Ventures Fund II LP.
“We believe that our active approach to investing in sectors that we know are gaining attention and the successful closing of our second venture capital fund is a testament to what we are building. We feel this milestone highlights the growing interest of those who recognize the value of our strategic and hands-on method to investing,” said Nicholas Smith, CEO and Managing Partner at Rice Park.
RPC Ventures provides capital to early- and mid-stage real estate and mortgage technology businesses.
CRMnow, Modex Team
CRMnow, Aliso Viejo, Calif., announced an integration between its Nextwave CRM and Modex, Everett, Wash.
The combined technology platform will help create a streamlined approach to recruiting for wholesale and retail lenders.
The integration will provide Nextwave clients with data and analytics from Modex regarding loan officer production, engagement and results.
