Entries by Progress In Lending

Home Appreciation Is Leveling

According to the latest VeroFORECAST report from Veros Real Estate Solutions (Veros), Q2 2019 data shows the average projected appreciation rate for residential real estate in the nation’s 100 largest markets will be +3.7 percent over the 12 months ending June 1, 2020. This maintains the rate predicted in the first quarter 2019 forecast and signifies a leveling out […]

NAMB Marketplace Adds Ability To Directly Connect Brokers With Wholesale Lenders

Lender Price, a provider of digital mortgage technology solutions, and the National Association of Mortgage Brokers (NAMB) announced today the release of “Send to Lender,” a new feature added to the NAMB Marketplace digital origination tool that provides direct communication between mortgage brokers and wholesale lenders.  Featured Sponsors:   NAMB Marketplace is an online tool […]

Defects Related To Loan Package Documentation Doubled From 2017 To 2018

ACES Risk Management (ARMCO), a provider of enterprise financial risk management solutions, announced the release of the quarterly ARMCO Mortgage QC Trends Report. The latest report covers both the fourth quarter (Q4) and the calendar year (CY) 2018, and provides loan quality findings for mortgages reviewed by ACES Audit Technology™. Featured Sponsors:   “Critical defects in […]

Optimal Blue Launches Support For Non-QM Loans

The latest release from Optimal Blue augments and expands their support for Non-QM and Expanded Guidelines products. Earlier this year, the company decided to make a substantial investment to further enhance support for these unique mortgage loan products after observing significant growth in this area. Currently, Optimal Blue’s Expanded Guidelines monthly lock volume exceeds $1 […]

June New Home Purchase Mortgage Applications Increased 17.9% Year Over Year

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for June 2019 shows mortgage applications for new home purchases increased 17.9 percent compared from a year ago. Compared to May 2019, applications decreased by 14 percent. This change does not include any adjustment for typical seasonal patterns. Featured Sponsors:   “Ongoing concerns about economic […]

Integration Enables Lenders To Accurately Quote Closing Costs

LodeStar Software Solutions, a provider of mortgage fee data, announced that its Loan Estimate Calculator is now available through Lending QB, a provider of SaaS loan origination technology solutions. The seamless integration allows lenders to access LodeStar’s products directly through LendingQB to drive quality and efficiency in the loan origination process.  Featured Sponsors:   “LodeStar […]

Study Shows That AI Tool Gives Lenders Big ROI

An independent analysis of the real-world impact of Black Knight’s artificial intelligence (AI) solution, AIVA was conducted. Using actual findings from the operations of a top 50 lender in Q4 2018, MarketWise Advisors, LLC – a management consulting firm focused on technology in the financial services industry – found that using AIVA can significantly drive down […]