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Originations

Fidelity, First American, Stewart, Old Republic report 1Q results

Earnings, M&A, MARKETING TO BORROWERS, Originations, Title insurance, Underwriting /

The title insurance business is reliant on mortgage application activity to drive its results. The Mortgage Bankers Association’s April forecast reported an over 100,000 decline in unit volume of mortgage originations between the fourth and first quarters, from 1.57 million to 1.46 million. Processing Content Still for the four largest title underwriting families, the first […]

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GO Mortgage wants to fix ‘broken’ wholesale business model

GO Mortgage wants to fix ‘broken’ wholesale business model

Mortgage brokers, Mortgage technology, Originations, REALTORS & HOMEBUILDERS, Underwriting, Wholesale lenders /

GO Mortgage is the latest mortgage lender to start a wholesale operation, but it is coming at it from a different point of view: The current way this business is done is not just inefficient; the model is broken. Processing Content “We didn’t have the burden of legacy, process, technology and people,” Jay Promisco, the

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Newrez rolls out AI consumer-facing guide in ChatGPT

Artificial Intelligence, Industry News, Mortgage technology, Originations /

After recently touting the cost savings it expects artificial intelligence to deliver, mortgage lender Newrez announced the launch of an AI-backed borrower-assistance tool within ChatGPT.  Processing Content Dubbed Rezi Mortgage Assistant, the lender’s large language-model guide sits squarely within OpenAI’s generative chatbot platform. Output from the assistant is based on Newrez’s internal underwriting guidelines and

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Buyers shrug off rates, push mortgage apps higher

Housing markets, Mortgage applications, Mortgage Rates, Originations /

Mortgage activity increased last week, despite rates jumping to their highest point in nearly a month. Processing Content The Mortgage Bankers Association’s Market Composite Index found mortgage applications rose 1.7% on a seasonally-adjusted basis from one week prior for the period ending May 8. The index climbed 2% on an unadjusted basis. This comes after

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Mortgage credit availability drops for first time this year

LOAN PRODUCTS, Originations, Underwriting /

Mortgage credit availability decreased in April, even though rates fell in three consecutive weeks during the month. Processing Content The Mortgage Bankers Association’s Mortgage Credit Availability Index declined 0.4% to 107.9 in April, it reported Tuesday. The index reached 108.3 in March after a 1.1% gain, the highest mark since August 2022. “After three months

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Figure drops hints of future mortgage product

Earnings, Industry News, LOAN PRODUCTS, Mortgage technology, Originations /

Figure Technology Solutions reported a profitable start to 2026, driven by new partnerships on its blockchain-backed loan and capital marketplace, and signaled a potential future mortgage offering. Processing Content The New York-based fintech reported net income of $45 million in the first quarter, almost tripling its gain from $15.1 million three months earlier. The latest

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Mortgage rate locks sink after previous month’s surge

Capital markets, Mortgage Rates, Mortgage technology, Originations, Secondary markets /

Rate locks on home loans fell in April with a particularly steep dive in refinancing activity as the impact from March’s higher financing costs reversed some previous gains. Processing Content Overall, locks fell 9% from the previous month as purchase loans inched down 2% and rate-and-term refinances dropped by nearly 38%, according to Optimal Blue,

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Why banks are betting on mortgages again

Consumer banking, Industry News, Mortgages, Originations, Regulation and compliance /

Frost Bank’s mortgage unit generated $595 million in outstanding loans in 2025, surpassing what its leaders had initially expected when the San Antonio-based bank re-entered home lending two years earlier.  Processing Content “If you look at why we exited, we just weren’t able to deliver that product in a relationship way that we did everything

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90% of U.S. markets see uptick in home value

Home Prices, Housing affordability, Housing markets, Mortgage Rates, Originations /

April home prices recorded the strongest monthly gain in nearly two years, as 90% of markets in the United States saw home value recover compared to the previous month, an industry report found. Processing Content Prices rose 0.32% last month on a seasonally-adjusted basis, equal to a 3.9% annualized rate, according to ICE Mortgage Technology’s

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US home resales barely rise as key selling season begins

Housing Inventory, Originations /

Sales of previously owned US homes barely rose in April from a nine-month low, underscoring a sluggish housing market at the start of the spring-selling season.  Processing Content Contract closings edged up 0.2% to a 4.02 million annualized rate, according to National Association of Realtors data out Monday. That was slightly slower than the median

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