MISMO®, the real estate finance industry standards organization, seeks public comment on its new Mortgage Insurance (MI) Activation API specification, designed to facilitate activation of a MI Commitment to Certificate Status.
Tag: Closings
Ellie Mae: Refis, Closing Rates Up
Mortgage interest rates are low—you know that; refinancings have been going through the roof—and if you’ve been following the Mortgage Bankers Association’s Weekly Applications Survey or the activity in your office, you know that, too. But Ellie Mae, Pleasanton, Calif., has another stat you might be interested in: closing times, which have also dramatically improved.
Ellie Mae: January Refis Hold Steady; Closing Rates Increase
A slight drop in interest rates in January stabilized refinance activity and improved closing rates, said Ellie Mae, Pleasanton, Calif.
Scott Colclough of Vice Capital Markets: Making the Jump to Advanced Executions
Shifting from best effort to mandatory execution marks a significant achievement in the evolution of a mortgage lending organization, as it represents a more sophisticated (and more profitable) secondary strategy.
Scott Colclough of Vice Capital Markets: Making the Jump to Advanced Executions
Shifting from best effort to mandatory execution marks a significant achievement in the evolution of a mortgage lending organization, as it represents a more sophisticated (and more profitable) secondary strategy. However, lenders are not always clear on the particulars to making this transition and, as a result, may be slower to change and/or experience a more difficult conversion process.
Steve Ozonian of Williston Financial Group on Fraud and Security
Steve Ozonian is President and CEO of Williston Financial Group, Portland, Ore.