Mobile Mortgage Apps Expected to Exceed $30 Bil
Next year, residential loan applications are expected to be completed by millennials through a mobile device for more than $30 billion in mortgages.
Mobile Mortgage Experience Enhanced
Mortgage bankers and their service providers continue to make headway improving the mobile experience for prospective borrowers and lenders alike. Bankers have some tips about mobile security.
10-Day Loan Closing Program Launched
A brand new loan program offers the possibility of cutting the time necessary to approve and close a loan from over a month to fewer than 10 days.
$1 Bil in Home Lending at Marketplace Lender
A marketplace lender says it has exceeded $1 billion in mortgage originations, more than doubled its staff and launched a securitization vehicle.
Real Estate Technology Startup Raises $2.3 Mil
A startup real estate technology company has raised millions of dollars that it will use to simplify the process of buying residential properties.
Enhancements Made to Mortgage PPEs
Enhancements recently made to product-and-pricing engines for residential loan products have mostly concentrated on integrations with other mortgage technology products.
Non-Bank Servicing Share Forecasted to Grow
A growing share of the nation's residential loan servicing is expected to be handled by non-banks firms as regulatory scrutiny continues.
Major LOS Enhancements, Integrations
In addition to a host of integrations between various mortgage service providers and loan origination systems, major enhancements have been made to a major LOS.