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Mortgage applications jumped 16% from one week earlier for the week ending on July 9, 2021.

After a year-long surge in demand for vacation homes, the number of buyers who locked in rates to purchase a second home fell 11.1% year-over-year.

Forbearance accounted for 3.87% of servicers' portfolio volume in the prior week, but dropped to 3.76% as of July 4, 2021.

Compass Inc. and Guaranteed Rate announced their decision to form OriginPoint, a new mortgage origination company.

The consent order requires GreenSky to refund or cancel up to $9 million in loans for the customers harmed by this illegal conduct.

The percentage of purchase activity to total closed loans among millennials has increased for the third consecutive month.

Lenders who have already begun using this solution saw a 35% increase in online applications, a 25% increase in pull through, and a 30% reduction in turn time.

Miles has more than 20 years experience in real estate capital markets, with a special interest in fix-and-flip lending and investment. 

The home flip rate represented just 2.7% of all home sales, which is its lowest level since the year 2000. 

The integration between Loanzify POS and Insellerate offers streamlined multi-channel communication that increases retention and conversion rates.