“IncomeGenius Retail makes automated income calculations accessible to small and mid-sized lenders and mortgage brokers who wish to gain efficiencies and accuracy in their income analysis process,” said Rajan Nair, CEO Indecomm Global Services. “This new product expands the availability of mortgage automation to a new market sector and provides opportunity to streamline an important part of the origination process, shorten loan cycles and improve pull-through rates. As brokers, small and mid-sized lenders look to concentrate their efforts on a high-quality pipeline, IncomeGenius Retail is available to make those determinations upfront.”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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