“Technology changes will likely enable a disruption of the traditional appraisal process as we now know it, benefitting both consumers and lenders,” said Phillips. “HouseCanary has developed industry-leading analytics that have the ability to support a frictionless home purchase and borrowing experience. I’m excited to join at this period of growth and innovation for the company and the industry.”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 ...
Enjoy access to a free NMLS renewal class when you attend an in-person event.
