Fed Approves $76.6M Peoples-Citizens Deal Despite Barr’s Objection.
Fed approves Peoples Bancorp's $76.6M buy of Citizens National 6-1 vote, despite regulator objection to increased banking concentration in eastern Kentucky
Experian and Workday integration expands real-time income and employment verification.
Experian's Verify links to Workday payroll, giving private lenders instant income and employment verification to speed underwriting and risk assessment...
Proposal would standardize MSR accounting for recapture values.
Analysts view the change as a meaningful transparency upgrade for the mortgage servicing sector, one that clarifies the inputs and assumptions behind mortgage servicing rights (MSR) valuations without fundamentally altering the economic drivers of those assets. Enhanced disclosure of factors such as projected prepayment [...]
UWM expands underwriter authority within Underwriting+ program.
UWM's Underwriting+ consolidates underwriting, processing and borrower contact under one underwriter to shorten cycle times; pilots averaged 8.3 days to CTC.
Federal judge dismisses UWM 401(k) forfeiture lawsuit.
Michigan judge dismisses class action alleging UWM violated ERISA by using forfeited employer 401(k) contributions; implications for private lending sector.
Judge dismisses UWM 401(k) forfeiture claim under ERISA.
Judge rules plan forfeitures may offset employer contributions when unspent, affecting employer obligations and asset treatment relevant to private lenders
MLSs’ relationships with Realtor associations are changing.
Industry leaders say consolidation, shifting ownership stakes, and governance changes are remaking mortgage operating models, driving a move from traditional, vertically integrated firms to more modular, platform-based structures. Consolidation is prompting scale plays and shared-service models as organizations seek cost efficiencies and broader geographic [...]
Perchwell CEO on MLS transition to next-generation technology.
Fairbanks says a recent MLS conversion represents a different pace of industry innovation. The remark frames the conversion as more than a routine technical refresh; it signals a shift in how listing data is governed, formatted and distributed across the real estate ecosystem. That [...]
Orion data exchange links MetroList, NNRMLS, and ODS listings.
Rapattoni’s phased deployment brings real-time, multistate access to property and association data within its user environment, a change that directly impacts mortgage origination and collateral workflows. By centralizing live listing status, ownership records, and related metadata inside the Rapattoni interface, lenders and brokers gain [...]
UWM broadens underwriter responsibilities with the Underwriting+ program.
Pilot loans averaged 8.3 days from submission to clear-to-close and required 2.1 underwriting touches per file indicating improved throughput and efficiency.