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FirstClose Names New Chief Financial Officer

Hiring of James Bolger further strengthens executive team.

Tech
Snapdocs eVault Helps PRMI Roll Out eNotes In 49 States

PRMI has seen a four-day reduction in dwell time for mortgages closed as eNotes, leading to a savings of more than $250 per loan.

Tech
Mergers and Acquisitions

Movement Mortgage expands east coast footprint with purchase of Mortgage Network, Inc.

Nov 14, 2022
NMP's The Principal
Nov 14, 2022
The Interest
FHFA Sets 2023 Multifamily Loan Purchase Caps

The cap is set at $75 billion each for Fannie Mae & Freddie Mac.

Regulation and Compliance
NAR: If Rates Stay at 7%, Home Prices Won’t Fall

Chief Economist Lawrence Yun says prices could rise slightly in 2023.

Analysis and Data
FundMore, VeriFast Team To Expand Digital Verification

Announced a partnership that seeks to secure and verify digital mortgage transactions.

Tech
Industry News
Black Knight: Rate Lock Volumes Fell 14% In October

Rate lock volume is now down are now down 30% over the past three months and 61% YOY.

Analysis and Data
Financing According To Faith

Riba (interest) is forbidden in the Islamic faith, so many Muslim Americans miss out on homebuying.

Nov 13, 2022
NMP's Gated Communities
Movement Mortgage Acquires Mortgage Network

Deal is expected to add $2 billion in annual mortgage loan volume to Mortgage's origination platform.

Operations