eLynx survey finds nationwide rise in closings between May and June – NMP Skip to main content

eLynx survey finds nationwide rise in closings between May and June

NationalMortgageProfessional.com
Jul 14, 2010

eLynx, a portfolio company of American Capital, has announced that data compiled from settlement agent activity on its expedite network for electronic document collaboration and distribution indicate that Nevada is currently leading the nation in the rate of loan closings, showing an increase of 59 percent between May and June 2010. The company regularly reports on the nation’s “hot and cold” markets, measured by loan closing activity through expedite, but has recently begun analyzing its data to reveal regional and national loan origination trends. A close second is Idaho, with a 58.8 percent increase over May in loan closings. Overall, the Western region has seen the most growth in loan closings, with a 30.4 percent positive change between May and June. Closings are up in all regions, with only two states and the District of Columbia suffering a decline. Loan volume is up nationwide, with the Southeast following the Western region at a 20.2 percent change. The Southwest saw a 17.1 percent increase, the Northeast 16.6 pertcent and the Midwest 14.5 percent. “The market is clearly still reacting to government stimulus, but it's very interesting to see where the government's actions and other market factors are having the most impact,” said Sharon Matthews, eLynx president and chief executive officer. “We have found that our broad industry footprint allows us to provide mortgage professionals across the industry valuable information not available elsewhere that will help them to further understand the markets in which they are working.” eLynx is currently developing a loan volume index that will help the industry predict which markets will recover most quickly as the U.S. housing industry pulls out of the downturn and then where growth or decline in volume is likely in the future. This data was compiled using expedite, a suite of integrated on-demand services that facilitates paperless business processes between enterprises, their customers and partners. More than 100,000 settlement agents nationwide are registered on the eLynx expedite network. More than 45 million mortgage loans have been processed through expedite. For more information, visit www.elynx.com.  
Published
Jul 14, 2010
Lakeview Loan Servicing Faces Multiple Lawsuits Over Data Breach

At least a dozen civil lawsuits have been filed against the company, all seeking class-action status.

Industry News
May 26, 2022
Homepoint Rolls Out Jumbo ARM Loans

Homepoint's Jumbo ARM is a strategic addition to the company’s expanding jumbo portfolio.

Industry News
May 25, 2022
Planet Home Lending Expands in Oregon

New team in Portland focuses on construction lending in the Northwest.

Career
May 24, 2022
PennyMac Cutting 207 Jobs

A wide variety of positions are affected.

Industry News
May 24, 2022
Loan Officer Charged With Bank Fraud, Identity Theft

If convicted, she faces up to 30 years in federal prison on each bank fraud count and a mandatory consecutive 2 years’ imprisonment.

Industry News
May 24, 2022
Openn Launches Pilot with bridgeMLS For Sales In California

Agents in Northern California, Bay Area will be able to list property and accept offers using the platform. 

Tech
May 24, 2022