Reports this week from CoreLogic, Irvine, Calif., and Black Knight, Jacksonville, Fla., as well as Monday’s Loan Monitoring Report from the Mortgage Bankers Association, show mortgage performance in the post-pandemic era remains strong and healthy.
Revvin, Chicago, released a set of HELOC-specific workflows that make it easier for lenders to attract home equity line of credit applicants and gather the required information for delivery to the lender’s LOS.
NewDay USA, Fulton, Md., is expanding and taking occupancy with 250 employees in the top two floors of 360 Rosemary, a 20-story, 297,000-square-foot office building in West Palm Beach, Fla.. In addition, the company is in negotiations with Related Co. to relocate its Maryland-based headquarters to West Palm Beach.
Black Knight, Jacksonville, Fla., said cash-out refinances fell significantly in September, by 26.2 percent from August alone and by 78 percent from a year ago. A similar report from MCT, San Diego, also found a sharp drop in loan lock volume in September.