iLAD, which uses MISMO’s v3.4 Reference Model, is designed to replace many of the peer-to-peer data exchanges that utilized the Fannie Mae 3.2 file, which will not be updated for changes to the URLA. The iLAD is being released for a 60-day comment period for MISMO members, with the comment period concluding on Nov. 3.UMortgage will retain its brand and sales culture while moving onto NEXA’s larger operating platform, a model NEXA is openly pitching to other broker owners
NEXA Lending's acquisition of UMortgage, is more than a combination of two prominent broker-channel companies. It also presents a model for other independent brokerage owners weighing the benefits of scale against the cost and complexity of operating alone.Under the deal ann...
Applications fell 5.7% annually in July, while government-backed mortgages accounted for half of builder-affiliated loan volume
Mortgage applications for newly built homes lost ground in July, another indication that builder incentives are struggling to overcome buyers’ sensitivity to elevated mortgage rates.Applications for new-home purchases declined 5.7% from July 2025 and 1% from June, according ...
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