Entries by Progress In Lending

TONY GARRITANO

Why start an industry group like PROGRESS in Lending Association? “Going forward, given the recent turmoil, the mortgage space is literally going to be transformed,” answered Tony Garritano. “I formed this association to ensure that this transformation is for the better and not for the worse. Technology is going to play a critical role in […]

The Percentage Of Purchase Loans Continues To Rise

The percentage of closed purchase loans increased to 62 percent of total closed loans, up 6 percent from the month prior according to the March Origination Insight Report from Ellie Mae. The percentage of closed refinances decreased to 38 percent, down from 43 percent the month prior. This comes as 30-year interest rates continued to rise to 4.69 […]

ROGER GUDOBBA

In detailing the industry significance of PROGRESS in Lending Association, Roger Gudobba believes, “The mortgage industry has always lacked strategic thinking. It’s slow to embrace new ideas. PROGRESS in Lending Association provides a place for thoughts and ideas to flow freely. It’s easier to move things forward when you’re in a group. This association is […]

MICHAEL HAMMOND

What can Progress in Lending Association do for the mortgage industry? Michael Hammond noted, “There currently is a void in the mortgage industry where technology and business discussions can openly and candidly take place to address industry problems. In the past year alone the mortgage industry has had to adapt to business-changing regulation like MDIA […]

Partners Deliver Collaborative eClosing With eNotarization

Pavaso has partnered with Utah-based mortgage lender Intercap Lending, Salt Lake City-based Elevated Title and Columbus, Ohio-based Signature Closers to deliver an eClosing experience during which the lender, title company and notary provider all collaborate within the Pavaso portal to complete the closing. On March 26, 2018, Intercap Lending used the Pavaso platform to electronically close its first loan with national title company Elevated Title and […]

MOLLY DOWDY

What’s the role of PROGRESS in Lending Association in the mortgage industry? The association is a network of knowledge, backed by industry professionals, Molly Dowdy affirms. “Having an organized way to exchange ideas about technology and innovation is critical. Sharing information and best practices is important in any industry, but especially in ours: it’s specialized […]

LenderLive Acquires Compliance, QA Company

LenderLive Services, LLC (LenderLive), a mortgage services provider, has acquired reQuire Holdings, LLC (reQuire), a group of technology-enabled companies that provide compliance, quality assurance and valuation solutions for the residential and commercial real estate market. LenderLive acquired reQuire from L2 Capital Partners, a Devon, PA-based private equity family office. The terms of the deal were […]

ERIC KUJALA

What does Progress in Lending do for the Mortgage Industry? “In short it provides a forum for both technology and lender thought lenders to share, discuss, debate, and more importantly celebrate innovators that are dedicated to advancing an industry, that up until recently has been a “late bloomer” around technology,” answered Eric Kujala. “Like any […]

New Online 1003 Solution Hits The Market

SimpleNexus, a provider of digital mortgage technology, has launched a new online loan application solution, adding to its suite of origination tools. The new web application assists mortgage lenders with increasing customer engagement by making the process of applying for a mortgage easier. The web application integrates with the native app and entire SimpleNexus digital mortgage platform, creating […]