Due to a lack of time and transparency with the process, fewer than five percent of LOs compare more than three providers for the most affordable mortgage insurance options available. As a result, homebuyers often pay more for PMI than necessary. The PMI Rate Pro software allows LOs to access results from all six national PMI providers in seconds, helping them save clients an average of $25 per month and $3,000 per loan.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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