Finding A Competitive Advantage in Mortgage

By | January 19, 2022

PMI Rate Pro Feature Article Special to MortgageSpeak By Nomi Smith           Most of the experts observing the home finance industry expect 2022 to be a very different year from the two that preceded it. The historic loan volume will fall off and refinance business will fall back below 25% of lender volume. In… Read More »

BlackFin Taps Wendy Peel to Lead Reverse Mortgage Practice

By | November 16, 2021

Industry veteran joins growing industry consultancy to support generational lending. ENGLEWOOD, CO—November  15, 2021—BlackFin Group, a management consulting firm serving the Banking and Mortgage Industries, has hired industry veteran Wendy Peel to serve as Managing Director, Partner – Reverse Mortgage Practice. In this role, she will consult with lenders about the power of generational lending – meeting borrowers… Read More »

MortgageHippo adds New Data Capabilities

By | November 9, 2021

Users now have access to insight gleaned from MortgageHippo’s Point-of-Sale Platform. CHICAGO—November 8, 2021—MortgageHippo, a consumer-centric, no-code/low-code digital lending platform, announced today the release of  new data capabilities, including embedded data analytics dashboards and reporting to make it easier for lenders to glean insights from their data. The move is part of a larger data project through which… Read More »

New Paper Reveals Key to Winning Borrower Trust

By | November 2, 2021

PMI Rate Pro shows how better information sooner increases pull-through. KANSAS CITY–November 2, 2021–PMI Rate Pro, a Fintech firm founded by loan originators to help build stronger relationships with mortgage borrowers, has published a new white paper that explains in detail how brokers and loan officers can use timely information to stop loan fallout, close more loans and… Read More »

Mortgage rates rise to an 8-month high, tanking refinance demand

By | October 27, 2021

“The increase in rates triggered the fifth straight decrease in refinance activity to the slowest weekly pace since January 2020. Higher rates continue to reduce borrowers’ incentive to refinance,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting, in a release. Mortgage applications to purchase a home increased 4% for the week but were 9%… Read More »

US existing home sales rebound in September, rise 7%

By | October 21, 2021

Existing home sales rose 7% to a seasonally adjusted 6.29 million units in September from a month earlier, according to the National Association of Realtors (NAR). The results outpaced analyst expectations of a 3.6% increase, according to Bloomberg consensus estimates. “This autumn looks to be the second best autumn home-sales season in 15 years,” Lawrence Yun, chief economist at NAR,… Read More »

Weekly mortgage demand drops over 6% after interest rates move even higher

By | October 20, 2021

Applications to refinance a home loan, which are most sensitive to weekly rate changes, decreased 7% for the week and were 22% lower year over year. The refinance share of mortgage activity fell to 63.3% of total applications from 63.9% the previous week. “Refinance applications declined for the fourth week as rates increased, bringing the refinance index to… Read More »

Cherry Creek Mortgage Promotes Susan Vick to Vice President of Marketing

By | October 19, 2021

Marketing professional builds on nearly 30 years of expertise including experience in financial services and information technology Denver, Colorado – October 19, 2021 – Cherry Creek Mortgage, a nationwide, full-service mortgage lender, today announced that Susan Vick has been promoted to Vice President of Marketing, after serving as Director of Marketing since joining the company in February 2020. Vick has 30… Read More »

Phil Huff Tapped as CEO for Xpanse

By | October 18, 2021

New lending software exits beta at national lender, organization takes it nationwide. SEATTLE–October 18, 2021—Xpanse, a provider of automated lending technology, has hired industry veteran Phil Huff to serve as the company’s Chief Executive Officer. In his new role, Huff will lead the company beyond its successful beta trial, to the market nationwide. “Getting Phil to join the… Read More »