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Benchmark Mortgage is shifting its resources to retail after closing Eleven’s wholesale and correspondent operation, while brokers face questions over loans already underway

The rights offering is intended to strengthen the wholesale lender’s balance sheet while management targets more than 50% market share and continued investment in broker technology

Integration adds to growing competition to give mortgage lenders faster access to borrower income and employment data

The 25-year mortgage veteran joins from Freedom Mortgage and will oversee operations

Newfi and Addy AI today announced a collaboration focused on the continued evolution of artificial intelligence in mortgage lending

The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country

New-home sales rose 6.4% in August as builders cut prices, offered incentives, and sold more lower-priced homes. Now mortgage rates are moving against buyers again

MedPro Mortgage+ offers eligible healthcare professionals up to 100% financing without PMI as lenders expand specialty options beyond physicians

With investor loans accounting for more than a third of Non-QM production, the company is bringing leases, rent schedules, and entity documentation into its pre-underwriting platform