Items Tagged with 'Loan origination'

ARTICLES

  • Quicken Loans reports lending growth in Q1, stays atop the leaderboard for the second consecutive quarter

    Quicken points to proprietary tech as a key driver in its growth
    Quicken Loans is feeling itself, announcing Wednesday that in the first quarter, for the second consecutive quarter, it has held onto the title of number one loan originator, posting a total of $20.5 billion in loan originations. This is a 5% jump year-over-year, and Quicken points to its proprietary tech as the wind in its sails.
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  • Loan officers should be able to answer this question in 30 seconds or less

    Ask yourself this: Why should borrowers do business with you over the competition?
    [Op-ed] Mortgage loan officers face a challenge this year: With mortgage interest rates on the rise, the pool of eligible rate/term refinance borrowers shrinks. As that side of the business is waning, loan officers must work harder to earn a borrower’s business. So, ask yourself this: Why should borrowers do business with you over the competition?
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  • Calyx Software launches borrower loan interview solution Zip

    Prospective borrowers can interview online or via a mobile phone device
    On Thursday, mortgage software solution provider Calyx Software announced the launch of Zip, a new loan interview platform for loan originators to use with prospective borrowers. Calyx explains that Zip was developed with “today’s borrower in mind,” and allows LOs to interview prospective borrowers via a custom, branded URL.
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  • Black Knight launches robotics capabilities to assist lenders

    Will operate without human intervention
    Black Knight launched new robotics technology, which allows its LOS platform to perform certain tasks without human interference. The technology will actively monitor the LOS for key data changes or even lack of changes in order to trigger automated or manual tasks which need to be completed.
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  • Attom: Refinance originations fell to 10-year low in 1st quarter

    Overall origination volume by dollar amount drops to three-year low
    Mortgage rates may sit at a yearly low right now, but earlier in the year rates sat well north of 4%, and that drove first-quarter refinance originations to the lowest level in 10 years, a new report from Attom Data Solutions shows. Here's a full breakdown of Q1's loan data.
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  • Freddie Mac announces new tools designed to cut mortgage origination costs

    Enhancements to Loan Advisor Suite could help lenders' bottom line
    Not to be outdone by Fannie Mae’s announcement that it plans to offer lenders “Day 1” representation and warranty relief, Freddie Mac announced Monday that it is planning a series of enhancements to its Loan Advisor Suite designed to cut mortgage origination costs for lenders.
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  • HELOCs increase for 17th consecutive quarter

    Total home loan originations still decrease
    Home equity lines of credit applications increased once again in the second quarter. The rising home prices are giving more equity to homeowners who are now looking at using it. The good news is more homeowners are using their HELOCs as a means of home improvement.
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  • Affordable mortgage rates? Loan originations fall to two-year low

    RealtyTrac report shows first-quarter refinance originations down 20% from 2015
    Despite the fact that mortgage interest rates routinely hovered around "historic" lows for much of the first quarter, loan originations fell to their lowest level in two years, according to a new report from RealtyTrac. What drove the decrease? Click through to find out.
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  • ARMCO announces TRID mortgage data comparison tool

    Will enable lenders to compare TRID forms to loan origination system data
    ACES Risk Management, a web-based financial services quality control software provider, announced the release of TRIDCompare, a data comparison tool specifically designed for the new TILA-RESPA Integrated Disclosure forms.
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