Lending

It’s a whole new ballgame: Takeaways from MBA Tech

We're still in early innings
[Op-ed] In this commentary, Michael Kolbrener, the chief technology officer for PromonTech, writes about the recent MBA Tech conference. "It was fitting that the Mortgage Bankers Association chose Detroit, the launch pad of Rocket Mortgage, as the site for this year’s Technology Solutions Conference & Expo. The “liftoff” of that disruptive, imagination-capturing product has been the catalyst for a new appreciation of what technology can do for lenders and borrowers," he writes.
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Nationstar (aka Mr. Cooper) promotes Tony Ebers to chief operating officer

Previously served as executive vice president of originations
Nationstar Mortgage, the nonbank also known as Mr. Cooper, announced Thursday that it is promoting Tony Ebers from executive vice president of originations to the newly created position of chief operating officer. Going forward, Ebers will assume responsibility for servicing, originations and Xome operations at Nationstar.
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JPMorgan Chase significantly expanding in Washington, D.C. area

Opening up to 70 new branches, hiring 700 new employees
JPMorgan Chase currently has a presence in the Washington, D.C. area, with more than 250 employees operating in the region, but the megabank will soon launch an expansion that will more than triple its workforce in the D.C. area. Chase announced Thursday that it is planning a massive expansion in the D.C. area, including adding as many as 70 new branches and hiring up to 700 new employees in northern Virginia, Washington, D.C. and Maryland.
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Digital Risk's LoanFX integrates with Black Knight's LoanSphere

Integration with LOS will also help support compliance with evolving regulatory requirements
This week, Digital Risk announced the integration of its LoanFx platform with Black Knight's Empower loan origination software. The integration provides loan officers, their clients, and their realtors, with near real-time updates throughout the application process for increased transparency. the company said the larger goal is shortening the entire process – from application to approval and underwriting – to as little as 20 minutes.
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Here's where to find some good news for mortgage lenders

Refis down, mortgage profits down, true, but desire to buy homes is still growing
Looking for some good lending news during a downturn? LendingLife has your back. Yes, it is true that rates are rising, per loan profits are down, credit feels tight and refinances are dipping. But, the good news is that the perception of homeownership as a good investment is on the rise. And that's not the only good news for lenders right now.
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Freddie Mac: Mortgage rates soar to highest level since 2014

See largest weekly jump since February
The U.S. weekly average 30-year fixed mortgage rate increased in this week’s survey, rising to its highest level since January 2014 and the largest weekly increase since February of this year. This follows the recently released Beige Book, which showed expanding economic activity.
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Ditech Holding Corp. names Thomas Marano CEO and president

Also appoints Ritesh Chaturbedi to serve as chief operating officer
The nonbank formerly known as Walter Investment Corp. named a new CEO on Wednesday. Ditech Holding Corp. announced Thomas Marano, currently chairman of the board, has been appointed to also serve as CEO and president. The company also announced it has hired Ritesh Chaturbedi to serve as chief operating officer.
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