Ellie Mae drove the industry to the brink Monday and Tuesday after its loan origination system Encompass 360 shut down. Then factor in that it was the end of the month—an extra busy time for lenders—and the market almost lost it.
The darlings of 2014, the single-family housing investment and rental businesses, didn’t dominate like last year, but they still had a strong showing. After snagging four of the top five spots on the 2014 HW Fast50, two SFRs placed in the top five in 2015 and three made the top 50..
Bank loyalty is not a factor for borrowers in shopping for a mortgage loan. Borrowers tend to select a mortgage originator based on product, price and their expectation for a convenient transaction process. Read More