Mortgage technology
Flueid, a fintech streamlining title insurability, plans growth
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The company received an undisclosed amount of Series A funding from two investors to expand technology currently focused on helping lenders with timelines that are, on average, spinning out of control.
Appraisal Foundation cites COVID, fair housing in USPAP change delay
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The organization postponed the issuance of its next set of revisions, which would have gone into effect at the start of 2022.
Refi Share of Closed Loans Rose 7 bp in January
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Posted To: MND NewsWire

Ice Mortgage Technology (formerly Ellie Mae) said that closed loans continued show declining note rates in January, dropping from an average of 2.93 percent in December to 2.88 percent. The decline occurred across all loan types. The 30-year rate on conventional loans dropped to 2.91 percent from 2.96 percent and the 30-year rate on FHA loans declined by 8 basis points to 2.86 percent. The VA rate averaged 2.60 percent compared to 2.66 percent the prior month. As rates retreated, the percentage of refinances continued to increase , the ICE Mortgage Origination Report said, representing 67 percent of closed loans, up from 60 percent in December 2020. The refinance share varied among lenders, from 74 percent for conventional loans, to 36 percent for VA loans, and 24 percent for FHA. The FHA refi...(read more)

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One-stop-shop trend continues with Propertybase’s Unify buy
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The acquisition of the mortgage fintech aligns with growing customer expectations surrounding a fully digital homebuying experience.
Why SitusAMC acquired two companies last month – what that means for the industry
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SitusAMC is gobbling up companies. The mortgage tech and service
Kelly Purcell, digital mortgage pioneer, dies at 58
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The visionary co-founded electronic signature company SignOnline in 1999, a year before legislation legalized e-signatures at the federal level.
Originators predict more outsourcing and consolidation in 2021
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Also, private money is expected to return to the mortgage securitization market, according to lenders who responded to an Altisource survey.
Roostify raises $32 million in Series C funding round
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The amount nearly doubles the capital the mortgage fintech has raised since 2012.
Homeowners association identifier tool aims to mitigate lender risk
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Black Knight’s product is designed to assist mortgage lenders in performing due diligence while also preventing heightened risk of foreclosure losses.
Loans Still Taking 2 Months to Close as Refi Demand Stays Strong
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Posted To: MND NewsWire

The interest rates on 30-year fixed rate mortgages originated in December reached an all-time low in ICE Mortgage Technology's (formerly Ellie Mae's) records, an average of 2.93 percent and a 4-basis point decline from the November rate. The company, in its monthly Origination Insight Report , said the note rate for all three loan types it tracks, FHA, Conventional, and VA, were all below 3.0 percent for the second straight month. FHA and Conventional loans dropped to 2.94 and 2.96 percent, respectively. Each averaged 2.99 percent the prior month. The VA rate fell from 2.72 to 2.66 percent. Refinances continued to dominate at 60 percent of originations , down 1 percentage point from November but up from 46 percent a year earlier. The outsized share was skewed toward conventional loans at 68...(read more)

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