“MISMO continues to deliver for the industry by digitizing processes and finding better ways to serve consumers. iLAD will allow for seamless exchanges of loan application data and will provide a better experience for all industry participants,” said Mike Fratantoni, president of MISMO and chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA).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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