That means every LO using ARIVE gets a unique URL for applications, Hulett explained, which they can share and customize through – for instance – a video or special messaging for their customers. A co-branded POS link can also be created for every partner they might have, whether a builder, financial planner, or title agent. … [Read more…]
In her new role, Herrick will lead JPMorgan’s CRE business, which includes agency lending, community development banking, commercial term lending, and real estate banking. She will report to John Simmons, head of commercial banking. “We are thrilled to announce Michelle as the new head of CRE,” Simmons said in a statement. “Michelle brings a wealth … [Read more…]
Lawrence Yun, the NAR’s chief economist, also flagged the looming presidential election as a potential reason for prospective homebuyers’ current reluctance to enter the housing market despite an improved housing supply outlook. Existing-home sales slid 1.0% in September. Three out of four major U.S. regions registered sales declines while the West experienced a sales bounce. … [Read more…]
Fraud is another critical issue that the mortgage industry is grappling with, and it’s one that technology could help solve. Sherman acknowledges the increasing risk of fraud in the business, particularly as the volume of digital transactions grows. “Every big business, no matter how big, is at risk in terms of data security,” he told … [Read more…]
“We delivered an exceptional quarter,” said Jay Bray, chairman and CEO of Mr. Cooper Group. He pointed to a return on tangible common equity of 16.8% and record liquidity. Bray also highlighted the company’s excitement about closing its acquisition of Flagstar Bank’s mortgage operations, expected by the end of the year. The origination side of … [Read more…]
At Xactus, Stair is expected to focus on marketing strategies aimed at streamlining the mortgage process for lenders. “This is a pivotal moment for our organization,” said Xactus president Shelley Leonard. “Having a chief marketing officer who can seamlessly partner with our sales team and across all areas of the business is crucial for our … [Read more…]
“Delinquency rates for commercial mortgages backed by office properties continued to increase during the third quarter but declined for loans backed by lodging, retail and industrial properties,” said Jamie Woodwell, head of commercial real estate research at MBA. He emphasized that the commercial mortgage market is highly varied, with performance influenced by the different property … [Read more…]
While TPO purchase volume has dipped in recent years amid a wider mortgage market cooldown, a similar drop on the retail side means neither has seen a sizable fall in market share. “What we see is between 2018 and [around] 2021, the volume of TPO purchase originations had been relatively stable,” Ige said, “but then … [Read more…]
These factors could range from proximity to family and schools to convenience for work or cultural ties, making it critical to understand not only the financial but the personal factors driving decisions. When evaluating areas of high inventory, Farzad pointed out that it’s not just about jumping on the bandwagon of lower prices. He noted … [Read more…]
“Astrid is an accomplished leader who comes to MBA with vast experience and an exceptional track record of providing executive-level leadership and financial management at top organizations,” MBA’s president and CEO Bob Broeksmit said in a statement. “I welcome her to the MBA family and am confident she will fit right in with the senior … [Read more…]