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Originations

Figure unveils new DSCR lending platform

Figure unveils new DSCR lending platform

LOAN PRODUCTS, Mortgage technology, Originations, Technology, Underwriting /

Figure Technology Solutions has introduced a new platform for debt-service coverage ratio originations aimed to support growth of nonqualified mortgages as well as the company’s own blockchain-based marketplace.  The fintech’s lending platform aims to provide quicker access to capital for real estate investors, utilizing artificial intelligence and blockchain technologies to streamline underwriting and funding for […]

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Experian to offer VantageScore 4.0 for free

Credit, Industry News, Originations, Servicing /

Amidst a credit score war, Experian has thrown the latest punch. The data and technology company will now offer VantageScore 4.0, a credit scoring model, for free to its mortgage clients in the United States. “Experian is dedicated to fostering a more competitive mortgage landscape, creating a safer and sounder market, and expanding access to

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Lower rates fuel big September refi spike

Housing markets, LOAN PRODUCTS, Mortgage Rates, Originations, Refinance, Servicing /

The latest refi boomlet sustained its momentum that showed up in late summer, with rate drops driving a noticeable spike in September lock volume, according to Optimal Blue.  Rate locks jumped 28.2% from August to September, the product-pricing engine platform said in its latest market advantage report, and drove its monthly market index to a

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Forecast calls for originations to surpass $2 trillion this year

Interest rates, Originations, Refinance /

Total mortgage origination volume is projected to surpass $2 trillion by the end of the year for the first time since 2022, according to a recent forecast. The milestone is driven by a 48% jump in refinance dollars and 12% spike in purchase dollars, an overall 20% increase from last year, according to iEmergent’s 2025–2027

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Mortgage fraud risk rising as housing market struggles

Fraud, LOAN PRODUCTS, Originations, Underwriting /

Mortgage fraud risk ended the second quarter at its highest level in over three years as issues related to undisclosed real estate debt and transaction misrepresentations had significant annual increases, according to Cotality. When compared with the first quarter, the Cotality Mortgage Application Fraud Risk Index rose by 1.4%, while jumping by 6.1% compared to

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How mortgage rates have been affected by federal shutdown

Economy, Government Shutdown, MARKETING TO BORROWERS, Mortgage Rates, Originations /

The federal government shutdown and the resulting delay in the monthly employment report was the catalyst for the small movement in mortgage rates this past week. This data “would have been a key market mover for mortgage rates, offering insight into how much the Federal Reserve might adjust monetary policy in response to a cooling

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Optimal Blue suit alleges cartel-style mortgage fixing

Law and legal issues, Originations /

A new class action lawsuit accuses Optimal Blue and 26 lenders of price fixing and inflating mortgage costs for millions of consumers.  The complaint says the industry’s biggest players violated antitrust law in sharing sensitive home loan data with competitors and subsequently raising rate spreads. Borrowers specifically scrutinize Optimal Blue’s competitive analytics and Competitive Data

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Shutdown hampers rates, rural, HECM and niche condo loans

Capital markets, Government Shutdown, Originations, Politics and policy, Servicing, Technology /

The lingering government shutdown has increased rate uncertainty, and cut off or curtailed some specialized mortgages while mainstream business moves forward, albeit at a slower pace in some cases. “Until key reports like payrolls and the CPI return, rates are likely to remain range-bound but vulnerable to sudden shifts,” said Sam Williamson, chief economist at

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Equifax slashes VantageScore price to undercut FICO

Credit scores, Industry News, Originations /

Equifax is rolling out a new pricing strategy and incentives in response to FICO’s program announced last week as the dispute between score providers heats up.    The credit reporting agency will offer the competing Vantagescore 4.0 metric from FICO’s rival at a price of $4.50 through 2027, a cost it claims is more than 50%

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Mortgage activity dips again in swift reversal of home demand

Mortgage applications, Originations /

Applications for mortgages to buy a home or refinance both fell for a second week, marking a swift reversal of what had been a hopeful sign of a revival in the US housing market. The Mortgage Bankers Association’s index of home-purchase applications declined 1.2% in the week ended Oct. 3, while a gauge of refinancing

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