“iLAD gives industry partners the ability to seamlessly exchange loan application data and is another way MISMO is delivering for the industry by digitizing processes, driving down costs and finding better ways to serve consumers,” said Rick Hill, executive vice president of MISMO and MBA vice president of industry technology. “The input provided during the previous 60-day comment period were instrumental in creating this new and improved version. We encourage participants to review the updates and provide us with any feedback.”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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