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USDA is automating its loan application uploading
USDA recently announced a $49 million contract with Phoenixteam to modernize its mortgage underwriting system, GUS
Mortgage rates hit year-to-date lows after Powell comments
Mortgage rates hit year-to-date lows after Fed Chair Jerome Powell’s comments at the Jackson Hole Economic Summit on Friday.
Redfin: Home purchase cancellations hit 8-year high
Texas and Florida, the nation’s top states for new home construction, also had some of the highest cancellation rates.
The long anticipated transformation of the L.O.’s role is here
Today’s best loan officers operate differently and expect more.
If you believe you can originate mortgages today in the same way they were done in 2018, you’ve probably been on a very remote island since then. Things like AI, well-integrated technology, consumer expectations and the rise of a number of innovative new business models have turned the industry on its head, and for the better in many cases. Naturally, this means loan officers (LOs) don’t work the same way anymore, either. They simply can’t if they wish to succeed. Today’s top producers have different priorities, skills and approaches to their customers and, really, the entire process. The best lenders have figured that out as well and have adapted to support them.
Finance of America posts a profit, beats funded volume estimates in Q1 2025
One of the nation’s leading reverse mortgage lenders posted positive financial results in Q1 2025, leading to a rise in its share price.
RE/MAX hires Daniel Dennis as SVP of sales and service
In his new role, Dennis will oversee sales and support services for brokerages in company-owned regions across the U.S. He will also lead franchise growth efforts through sales and conversions, as well as mergers and acquisitions.
‘Are you kidding me?’ Real estate industry reacts to Compass-NWMLS lawsuit
Supporters, detractors and antitrust law experts voiced their opinions on Compass’s suit against Northwest MLS.
MoxiWorks taps finance veteran Chris Choi as CFO
The move cements a role that had been filled on an interim basis and follows a recent capital fundraising effort aimed at fueling long-term growth.
