Originations

The Mortgage Collaborative (TMC) has announced a new preferred partner relationship with national credit information service provider, Certified Credit Reporting
The Mortgage Collaborative (TMC) has announced a new preferred partner relationship with national credit information service provider, Certified Credit Reporting. As a result of this new partnership, lender members of The Mortgage Collaborative will receive discounted pricing on Certified Credit’s... Keep Reading....
Mortgage applications for new home purchases took a 7.5 percent year-over-year tumble in September
Mortgage applications for new home purchases took a 7.5 percent year-over-year tumble in September, according to the Mortgage Bankers Association’s (MBA) Builder Applications Survey. From August, applications were down by 20 percent.   MBA Vice President of Research and Economics Lynn Fisher blamed... more
Sierra Pacific Mortgage has named Jay Promisco Senior Vice President of Retail Lending
Sierra Pacific Mortgage has named Jay Promisco Senior Vice President of Retail Lending. Based out of the corporate office in Folsom, Calif., Promisco will oversee the 100-plus retail branch network, including more than 500 team members. Specifically, Promisco will have oversight of the strategic... more
Fewer people were seeking out mortgage applications
Fewer people were seeking out mortgage applications, according to data from the Mortgage Bankers Association (MBA) that covered the week ending Oct. 6.   The Market Composite Index was down by 2.1 percent on a seasonally adjusted basis from one week earlier, while the unadjusted index saw a two... more
The chasm between what appraisers calculate for property valuation and the homeowners’ belief on what the valuation should be is getting a little bit closer
The chasm between what appraisers calculate for property valuation and the homeowners’ belief on what the valuation should be is getting a little bit closer, according to new data from Quicken Loans.   Last month, appraiser’s valuations were 1.14 percent lower than what owner’s expected, based on... more