twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map

2012 Loan Originator Survey

Survey and Analysis of the Nation's Mortgage Loan Originators

Sponsored By

main pagetable of contentsexecutive summaryraw datacopies for clients

printer friendly version

Service Providers

The 2012 Loan Originator Survey looked at which service providers are utilized most by mortgage loan officers. Among four categories of service providers reviewed were appraisal management companies, loan origination system developers, product and pricing engines and wholesale lenders. Among mortgage service providers, Mortgage Daily advertisers had significant market share.

Appraisal Management Companies
Recent rules and regulations have prompted many originators to rely on appraisal management companies -- or AMCs -- for appraisal reports.

Among AMCs, StreetLinks was named most-used by 14 percent of originators -- a bigger share than any of its competitors.

StreetLinks is a Mortgage Daily advertiser.

Next were LenderVend, Nationwide Appraisal & Settlement Network, and Real EC -- each with a 4 percent share. Nationwide is also a Mortgage Daily advertiser.

After that were ACT Appraisal Co., al a mode and Settlement One -- each with a 3 percent share.

Loan Origination Systems
Originators manage the loan process through a loan origination system. LOS products automate the record keeping process, alert users to significant events and produce and manage forms that are necessary to fund a home loan. They also help originators comply with laws and regulations. Users can get a snapshot of loans in process and improve communications with other parties and vendors using the platforms.

Among participants in this survey, Calyx Software's Point was the most-used LOS, cited by 48 percent of survey participants.

Calyx is a Mortgage Daily advertiser.

With a 27 percent market share, Ellie Mae's Encompass360 was No. 2.

Ellie also advertises with Mortgage Daily.

A 2 percent market share each was indicated for Lenders Processing Service and Byte, while many of the 22 percent who selected "other" indicated that they utilize a proprietary LOS.

Product and Pricing Engines
Mortgage rates from multiple lenders can be obtained and managed with a product and pricing engine. Originators can compare different program options for borrowers using PPEs, while mortgage brokers can shop for the lowest rates among multiple wholesale lenders.

Optimal Blue ranked as the most-used PPE, with a 24 percent market share. Data from the Plano, Texas-based company is now used to power Mortgage Daily's Mortgage Market Index.

LoanSifter followed with a 13 percent share, then the 9 percent share at NYLX's Loan Decision and 7 percent for Mortech Inc.'s Marksman. Mortech is a Mortgage Daily advertiser.

iServe's PriceMyLoan had a 4 percent share, and LXE Software Inc.'s LoanXEngine had a 2 percent share.

Wholesale Mortgage Lenders
Mortgage brokers were dealt several blows in 2012 with the loss of several big wholesale lenders such as Wells Fargo Home Mortgage, which departed from the wholesale lending channel in July; Capital One Financial Corp., where a decision was made in April to shut down third-party lending at acquired subsidiary ING Mortgage; and Citigroup Inc., which disclosed in February that CitiMortgage Inc. would abandon mortgage broker originations.

Prior years saw most other major lenders exit the broker channel.

Among the originators who identified wholesale lenders, Flagstar Bank, FSB; Freedom Mortgage and United Wholesale Mortgage were equally cited as the most-used wholesalers.

Freedom Mortgage advertises with Mortgage Daily.
This report was co-sponsored by

main pagetable of contentsexecutive summaryraw datacopies for clients

printer friendly version
Mortgage Technology news
Technology news for originators, executives and servicers. Coverage of LOS systems, loan product and p r i c i n g engines and other technology offered to the mortgage industry.

Mortgage Rate News | Mortgage Market Index | ARM indices | ARM Statistics
Average fixed and ARM rates. Rate forecasts. Quotes on ARM indexes including COFI, MTA, LIBOR & Treasuries. Rate reset studies and reports. Mortgage rate litigation.

Appraisal News | AMC Directory
Appraisal industry news coverage, including stories about independence requirements, AVMs and appraiser fraud.

Wholesale Lending News | Directory | P r i cing Engine | Originator Newsletter
News about wholesale lenders, correspondent lenders and wholesale mortgage lending programs. Alt-A, subprime and other niche loan programs. Lawsuits between wholesalers and brokers.

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders