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6 stories on mortgage tech that could influence your digital strategy – National Mortgage News

The mortgage industry has endured a difficult couple of years following record volumes in 2021 and consequently investment in new technology has been slow, with the recent collapse of Silicon Valley Bank adding to tech funding woes. Meanwhile, the Mortgage Industry Standards Maintenance Organization continues to focus on reducing costs and improving efficiency through the setting of standards for data in technology.   
For more on these stories and other trends, read our roundup below.

Combining the two property preservation firms brings specialized technology and capabilities that Five Brothers has to MCS and broadens the operations of both.
While the GSE searches for a permanent successor, Hutchins will also serve concurrently in his role as president following Michael Devito’s departure on March 15.
The pending agreement won’t significantly impact commissions payments themselves, attorneys for the association said.
The increase in production revenues was canceled out by higher expenses, a sign that too much capacity remains in the system, the Mortgage Bankers Association said.
Some potential sellers are realizing that waiting for lower rates might not be worth it given the amount of equity they have, Zillow said.
While prices for concrete, steel and gypsum products all increased, softwood lumber declined, the National Association of Home Builders said.
At a tough time in the mortgage market, top lenders say creating a culture that goes outside of the home office is key to employee empowerment.


This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!

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