Industry News

nCino, Inc., a cloud banking and digital transformation solutions company, completed the acquisition of SimpleNexus.

Yoon plans to evolve Excelerate from highly successful regional lender to a top national non-QM mortgage bank.

PennyMac Financial Services, Inc. and PennyMac Mortgage Investment Trust launched its new branding initiative as the company looks to accelerate its “next chapter.” The company also revealed new branding for its wholesale division.

Mortgage lenders in particular have been seriously impacted by fraud.

A new survey revealed that 47% of house hunters said they would feel more urgency to purchase a home if mortgage rates were to climb above 3.5%.

Former Freddie Mac exec and group VP will be responsible for external customer and capital relationships.

As the industry continues its shift to the purchase market, diversifying the services you provide has never been more important. So, with a number of options out there, are non-QM loans a stable option for originators?

A lack of housing supply hindered plenty of homebuyers from finding the right home for a fair price and now, the wait to find that perfect home may be even longer.

In April, the new fees will go into effect for deliveries and acquisitions to minimize market and pipeline disruption. 

NFM Lending has announced the launch of its Influencer Division, led in part by TikTok star Scott Betley (@thatmortgageguy).