Entries by Progress In Lending

Study: Credit Availability Increases

Mortgage credit availability increased in October according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from Ellie Mae’s AllRegs® Market Clarity® business information tool.  Featured Sponsors:   The MCAI rose by 0.9 percent to 185.1 in October. A decline in the MCAI indicates that lending […]

Down Payment Assistance Programs Don’t Affect Loan Performance

A report released by the Harvard Joint Center for Housing Studies found that down payment assistance programs had little impact on loan performance. The center’s  Working Paper, “A Cautionary Tale of How the Presence and Type of Down Payment Assistance Affects the Performance of Affordable Mortgage Loans,” found, among other things, that the performance of home loans […]

Companies Team Up To Launch Digital Home Equity Line Of Credit Platform

Prosper, a leading online marketplace lending platform connecting borrowers and investors, together with the U.S. subsidiary of Madrid-based BBVA, announced their collaboration in providing a Home Equity Line of Credit (HELOC) available through Prosper’s website. Featured Sponsors:   Prosper and BBVA USA have worked closely together to build an end-to-end HELOC solution that allows customers to complete […]

Report Will Help Lenders Get More Actionable Data Earlier In The Process

Finicity, a provider of real-time financial data access and insights, announced today the release of its new AssetReady Report that will rapidly identify a borrower’s assets using consumer-permissioned data during a lender’s pre-qualification process.  As a result, lenders will more easily qualify borrowers and generate a higher quality sales funnel for loan officers while enabling […]

STRATMOR Study Finds Borrower Satisfaction Driving Lender Technology Decisions

According to the 2019 Technology Insight Study (TIS) from mortgage advisory firm STRATMOR Group, improving the borrower experience is the key driver for implementing technology with three of the top five perceived digital benefits specifically focused on enhancing borrower satisfaction with the loan process. Featured Sponsors:   “As with years past, lenders ranked increased borrower satisfaction, […]

Ellie Mae To Acquire Capsilon To Speed Up The Delivery Of End-to-End Mortgage Automation

PROGRESS in Lending has learned that Ellie Mae has signed a definitive agreement to acquire Capsilon, a provider of AI-powered mortgage automation software for mortgage lenders, investors, and servicers. With the acquisition of Capsilon, Ellie Mae is accelerating the vision of offering a fully digital mortgage by combining Ellie Mae’s Encompass Digital Lending Platform with Capsilon’s AI-powered solutions […]

LOS Update Looks To Create A Superior Experience For Users And Boost Operational Efficiency For Lenders

 Wipro Gallagher Solutions (WGS), a Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) company and a provider of loan origination software solutions, has launched NetOxygen 6.2, the latest version of its NetOxygen loan origination solution platform, designed to meet lending challenges and borrower needs of the future. Featured Sponsors:   NetOxygen 6.2, will significantly boost operational efficiency […]

New End-To-End Mortgage Origination Platform Debuts

Origence, a provider of lending technology and solutions to the financial services industry, has announced the launch of the Origence mortgage lending platform. Designed from the ground up to handle all a company’s digital mortgage needs, the highly automated platform enables lenders to streamline the mortgage process, improve efficiency, increase sales opportunities and deliver a […]

And The 2019 Award Winners Are …

A luminary is defined as “a person who inspires or influences others.” And that type of person is exactly who PROGRESS in Lending is honoring. Right now the market is filled with uncertainty. Joel Kan, MBA’s Associate Vice President of Economic and Industry Forecasting, recently said of mortgage applications, “Ongoing trade tensions between the U.S. […]