The housing market hit another frenzy last week. Mortgage rates fell as the banking crisis worsened and purchase application data climbed for a second week in a row, but the…
Category: Real Estate
Candor Mortgage AI Company Holds Layoffs
Kandor Technology Co., Ltd.is a mortgage artificial intelligence company focused on automated mortgage underwriting decisions that has cut headcount as lenders rush to cut costs. Candor CEO Tom Showalter said…
Fannie Mae Appoints Michael Seelig to Board of Directors
fannie mae announced Wednesday that it has appointed Michael Seelig to its board of directors. He will be a member of the Audit Committee. Seelig’s mission is to “help Fannie…
Customer Surprise: Due to Poor Customer Service
According to Webster’s new revised dictionary, the first definition of service is “servant’s profession.” Have you ever thought that what you do every day to respond to customer requests isn’t…
FTC Files Lawsuit to Block ICE and Black Knight Merger
of Federal Trade Commission (FTC) was sued Thursday to block a proposed $13 billion merger. Intercontinental Exchange Co., Ltd. Rival mortgage software company Black Knight. The merger will give ICE…
Cenlar FSB Appoints Michelle DeHart as Vice President of Lending Operations, Escrow
Senler FSB, The company announced Tuesday that it has appointed Michelle DeHart, the second largest mortgage servicer and largest sub-servicer in the United States, as vice president of loan escrow.…
With inflation so high, why aren’t mortgage rates going up?
Not only has the data remained strong, but the economic data have also recently improved. Also, gas prices have fallen from their peak and inflation is no longer skyrocketing.If the…
Clear Capital Launches UDC to Help Modernize Valuations
Real Estate Valuation Technology Provider clear capital On Thursday, we launched Universal Data Collection (UDC), a product designed to support assessment modernization. The UDC product will provide lenders with scalability,…
Truework Platform Adds Automation Capabilities to Encompass
Income verification platform true work Added automatic service ordering feature to intercontinental exchange (ice) mortgage technology‘s loan origination system Encompass. The integration is now built on the latest Encompass Partner…
How LOs Get Into Realtor Circles
To get into the agent’s circle, LOs need to see the problem before it becomes a problem and tell them whether the news is good, bad or ugly, the agent…