Closinglock Introduces Payoff Retrieval and Verification Features
Closinglock enhances efficiency by enabling payoff statements and verifications to be returned directly within its platform, streamlining title production integration.
Evolving Relationship Between Mortgage Lending and AI: Insights from Michael Vandi
Explore insights from Addy AI CEO Michael Vandi on mortgage AI adoption and enterprise strategies shaping trust and the future of lending in the industry.
Real Brokerage and REMAX Schedule Merger Votes for Consideration
Private lenders can explore opportunities with Real and REMAX, featuring a 10-for-1 consolidation, $13.80 cash option, and access to a $60M-$80M funding pool.
JMG Launches $5.9 Billion Brokerage Platform at Keller Williams
Jason Mitchell Group achieved significant milestones, closing nearly $5.9 billion in sales volume over 12,300 transactions, showcasing robust market activity.
Plaintiffs Challenge Veterans United’s Motion to Dismiss RESPA Class Action
Fifteen plaintiffs claim Veterans United Home Loans engaged in an illegal kickback scheme, allegedly steering borrowers into higher-cost VA loans.
The evolution of the capital stack: Addressing borrower challenges with preferred equity.
Explore how preferred equity behind Freddie Mac conventional loans effectively bridges proceeds gaps and enhances liquidity in a higher rate market for private lenders.
Analysis of the Dual Credit Score Mandate’s Impact on Small Business Costs
Fannie Mae and Freddie Mac suggest a unified credit score, while FHFA mandates two. This shift could raise operational costs and borrowing prices for lenders.
Mortgage Rates Exceed 6.75% Amid Ongoing Inflation Uncertainty
30-year conforming mortgage rates average 6.77%, while jumbo loans at 6.75%, reflecting hawkish Fed messaging and rising 1-year inflation expectations at 3.7%.
Brokerage Success in Retention and Recruiting Depends on Pipeline Timing
Analysis reveals that agent switching risk correlates with inactivity rather than canceled listings, showing a 15.6% switch rate after 6+ months with no new listings.
Rocket Pro’s Power Play Provides Same-Day Approvals and Quick Closures
Rocket Pro enhances borrower experience by offering same-day conditional approvals and streamlined 12-business-day closings, along with pricing credits.