Landing commercial deals with purchase assignments

Mar 12, 2008

CommercialApps.com pays bonus compensation to mortgage originatorsMortgagePress.comloan applications, five basis points of the funded loan amount CommercialApps.com LLC has announced that mortgage loan originators are now compensated for using CommercialApps.com (CAPPS). For loan applications submitted and closed through CAPPS, CAPPS compensates the mortgage loan originator five basis points of the funded loan amount. CAPPS is an online service that allows mortgage loan originators in the U.S. and Canada to prepare and submit multi-family and commercial property loan applications to local, regional and national income property lenders. CommercialApps.com LLC is a technology solution provider to the income property mortgage industry based in Irvine, Calif. For more information, call (800) 553-4815 or visit www.commercialapps.com.

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Mar 12, 2008

Analysis and Data

Mortgage Industry Despairs Over Positive Jobs Report

Leading to 'crushed' expectations of another significant rate cut

The September jobs report came back with flying colors, adding far more jobs than Wall Street economists projected while the unemployment rate ticked down, leading to what can only be called a crushing defeat for mortgage professionals. In response, the average rate for the ...

People On The Move

Pennymac Shakes Up Capital Markets Team

William Chang, Pennymac’s long-time capital markets leader, to "pursue other interests in the mortgage banking industry."

PennyMac Financial Services, Inc. and PennyMac Mortgage Investment Trust announced Thursday that William Chang will step down from his roles as Senior Managing Director and Chief Capital Markets Officer at PFSI, and Senior Managing Director and Chief Investment Officer at PM...