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Mortgage News from Mortgage & Finance News magazine

News: Friday Harbor raises $6M to help community mortgage lenders match the speed and efficiency of industry giants

Mortgage and Finance News: (SEATTLE, Wash.) Friday Harbor, an AI-powered platform that helps loan officers assemble complete and compliant loan files in real time, today announced the completion of a $6 million seed round. The round was led by Abstract Ventures, a San Francisco-based venture firm with $1.5 billion in assets under management and a track record of backing breakout companies including Rippling, xAI, Hebbia, Brigit and Hippo (NYSE: HIPO) and Mischief, an early-stage VC fund co-founded by Plaid CEO Zach Perret.

News: Class Valuation appoints Chris Flynn as chief data officer to accelerate innovation and data strategy

Mortgage and Finance News: (TROY, Mich.) Class Valuation, a leading real estate appraisal management company (AMC), announced today that Chris Flynn has joined its leadership team as chief data officer effective April 1. In his new role, Flynn will lead Class Valuation's enterprise data strategy, overseeing the development of scalable analytics, AI capabilities and automation to improve valuation accuracy, speed and transparency.

News: Tidewater Mortgage Services Replaces Legacy POS with LiteSpeed from LenderLogix

Mortgage and Finance News: (BUFFALO, N.Y.) LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced Tidewater Mortgage Services (Tidewater), a retail mortgage lending company, has replaced its legacy point-of-sale (POS) technology with LiteSpeed, thus expanding its partnership with the company. In addition to Fee Chaser™, Tidewater will now use LiteSpeed as the point-of-sale to automate mortgage processes and provide borrowers with a digital-first experience.

News: The future of builder-affiliated lending: Jet’s Kelley Hailstone talks strategy on The Big Picture

Mortgage and Finance News: (CLEVELAND, Ohio) Top mortgage industry webcast The Big Picture, broadcast live every Thursday at 3 p.m. ET, this week features Kelley Hailstone, president of Jet Home Loans. Hailstone will join co-hosts Rich Swerbinsky, mortgage business consultant and executive coach, and Rob Chrisman, editor-in-chief of the widely followed Chrisman Commentary newsletter, to discuss how homebuilder-aligned lending models can help lenders scale smartly, differentiate in today's market and better serve new homebuyers.

News: Click n’ Close Expands Correspondent Lending Sales Team with Mortgage Industry Veteran Kim Schenck

Mortgage and Finance News: (ADDISON, Texas) Click n' Close (CNC), a multi-state mortgage lender, announced today that Kim Schenck has joined its Correspondent Lending Sales team as Correspondent Manager. In her new role, Schenck will lead the expansion of the company's proprietary down payment assistance (DPA) program, which plays a key role in helping more borrowers achieve homeownership.

News: Class Valuation expands private lending capabilities with acquisition of Appraisal Nation

Mortgage and Finance News: (TROY, Mich.) Class Valuation, a leading national real estate appraisal management company (AMC), today announced the strategic acquisition of Appraisal Nation, a Cary, North Carolina-based AMC specializing in comprehensive valuation solutions for the private lending market.

News: Cooler Interest Rates Heat Up Refinances and Spark Early Signs of Purchase Demand

Mortgage and Finance News: (PLANO, Texas) Optimal Blue today released its March 2025 Market Advantage mortgage data report, showing a 24% surge in rate lock volume as early spring buyers returned to the market and homeowners jumped at the chance to refinance into lower rates. While still down 2% on a year-over-year (YoY) basis, purchase volumes were up 21% month-over-month (MoM). Rate-and-term and cash-out refinances jumped 52% and 20% MoM, respectively, together representing 25% of all lock activity.

News: The Mortgage Collaborative President and CEO Jodi Hall to spotlight new leadership priorities and 2025 industry insights on The Big...

Mortgage and Finance News: (CLEVELAND, Ohio) Top mortgage industry webcast The Big Picture, broadcast live every Thursday at 3 p.m. ET, this week features Jodi Hall, president and CEO of The Mortgage Collaborative (TMC). Hall will join co-hosts Rich Swerbinsky, mortgage business consultant and executive coach, and Rob Chrisman, editor-in-chief of the widely followed Chrisman Commentary newsletter.

News: The Mortgage Collaborative Welcomes New Lender Members and Preferred Partners to Its Expanding Network

Mortgage and Finance News: (SAN DIEGO, Calif.) The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, proudly announces the addition of several new lender members and preferred partners to its growing community. These organizations join TMC's network of industry leaders committed to collaboration, innovation, and operational excellence.

News: Cloudvirga’s Aaron Heidorn honored as a HousingWire Rising Star

Mortgage and Finance News: (IRVINE, Calif.) Cloudvirga, a leading provider of digital mortgage point-of-sale platforms, today announced that Aaron Heidorn, director of software engineering and infrastructure, has been named a 2025 HousingWire Rising Star. The annual award recognizes young professionals who are driving innovation and growth in the housing economy and shaping the future of mortgage and real estate technology.

News: Dovenmuehle Receives New Subordinate Lien Servicer Ranking, Maintains Above Average Primary Servicer Ranking from S&P Global Ratings

Mortgage and Finance News: (LAKE ZURICH, Ill.) Dovenmuehle Mortgage, Inc. (Dovenmuehle), a leading mortgage subservicing company, today announced that S&P Global Ratings has assigned the company an Above Average ranking as a residential mortgage loan subordinate lien servicer, in addition to reaffirming its Above Average ranking as a residential mortgage loan primary servicer with a stable outlook.

News: iEmergent confronts the DEI debate with bold webinar on the business case for diverse lending

Mortgage and Finance News: (DES MOINES, Iowa) iEmergent, a forecasting and advisory services firm for the financial services, mortgage and real estate industries, today announced a provocative new webinar that dares to reframe the diversity conversation through a business lens. Amid growing pushback on diversity, equity and inclusion (DEI) initiatives, iEmergent is doubling down on the importance of inclusive lending to lenders' long-term success. Titled "Not Sold on Diversity? Fine. Let's Talk About Your Bottom Line," the roundtable session will take place Wednesday, April 30, from 1 to 3 pm ET.

News: MMI Strengthens Mortgage Tech Leadership in Q1 2025 with MonitorBase Acquisition and Major Platform Enhancements

Mortgage and Finance News: (SALT LAKE CITY, Utah) Mobility Market Intelligence (MMI), the industry's leading mortgage and real estate data solutions provider, announces major Q1 2025 platform enhancements alongside its strategic acquisition of borrower monitoring and predictive analytics leader, MonitorBase. These initiatives solidify MMI's position as The Ultimate Lead-to-Loan Growth Platform(tm), providing mortgage professionals with unparalleled data intelligence, automation, and borrower engagement tools.

News: Argyle’s Daniel Esquibel recognized as a HousingWire Rising Star

Mortgage and Finance News: (NEW YORK CITY, N.Y.) Argyle, a service provider automating income and employment verifications for some of the largest lenders in the United States, today announced that Daniel Esquibel, head of partner sales, has been named a 2025 HousingWire Rising Star. The award recognizes emerging real estate and mortgage industry leaders who are shaping the future through their contributions and leadership.

News: Floify’s Maggie Zielinski Swanson named to HousingWire’s 2025 Rising Stars list

Mortgage and Finance News: (BOULDER, Colo.) Floify, the mortgage industry's leading point-of-sale (POS) solution, today announced that Enterprise Account Executive/Sales Engineer Maggie Zielinski Swanson has been named to HousingWire's prestigious Rising Stars list for 2025. Swanson, 29, joined Floify in 2021 as a skilled sales professional and has quickly become an indispensable force in the company's collaborative culture and growth.

News: Optimal Blue’s Shawn Chandwani Named to HousingWire’s 2025 Rising Star List

Mortgage and Finance News: (PLANO, Texas) Optimal Blue today announced that Senior Software Engineering Manager Shawn Chandwani, 34, has been named among HousingWire's Rising Stars. The annual list celebrates young professionals who shoulder significant leadership responsibilities and contribute to the broader industry and business landscape, establishing themselves as influential figures and leaders for tomorrow.

News: Janet Pitney of Click n’ Close Honored with 2025 HousingWire Rising Stars Award

Mortgage and Finance News: (ADDISON, Texas) Click n' Close (CNC), a multi-state mortgage lender, today announced that Project Manager Janet Pitney has been honored with a place among the 2025 HousingWire Rising Stars. The award honors young real estate and mortgage professionals making impressive career moves while driving growth for their companies and the industry. Pitney is recognized for her outstanding leadership and innovation in technology and operations.

News: ACES Quality Management’s Josh Reed Honored as 2025 Rising Star by HousingWire Magazine

Mortgage and Finance News: (DENVER, Colo.) ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the mortgage industry, today announced its Principal Application Architect Josh Reed has been honored among the 2025 HousingWire Rising Stars, which recognizes mortgage and real estate professionals under 40 who have made impactful career decisions driving growth in the industry and at their companies. Reed has been honored as a Rising Star for his outstanding contributions to innovation, efficiency, and compliance in the mortgage industry.

News: Informative Research Data Solutions’ Jooyoung Jung recognized as a 2025 HousingWire Rising Stars Honoree

Mortgage and Finance News: (GARDEN GROVE, Calif.) Informative Research Data Solutions, a division of Informative Research and leading provider of data-powered borrower intelligence and analytics tools for the financial services industry, today announced its Data Solutions Team Lead Jooyoung Jung has been recognized as a 2025 HousingWire Rising Stars Honoree. The award highlights real estate and mortgage professionals under the age of 40 making impressive career moves while empowering growth and change among their peers.

News: Praneeth Reddy Saripalli of Informative Research honored among 2025 HousingWire Rising Stars

Mortgage and Finance News: (GARDEN GROVE, Calif.) Informative Research, a premier technology provider delivering data-driven credit and verification solutions to the lending community, today announced that IT Development Manager Praneeth Reddy Saripalli has been honored as a recipient of the 2025 HousingWire Rising Stars Award. The award recognizes real estate and mortgage leaders 40 years old and under who drive growth and achieve remarkable career milestones. Saripalli's leadership, technical vision and ability to align people, processes and technology have been instrumental in Informative Research's continued growth and market leadership.

News: Sean Dugan to share leadership priorities as incoming Dark Matter CEO on The Big Picture

Mortgage and Finance News: (CLEVELAND, Ohio) Top mortgage industry webcast The Big Picture, broadcast live every Thursday at 3 pm ET, this week features Sean Dugan, incoming CEO of Dark Matter Technologies. Dugan will join co-hosts Rich Swerbinsky, mortgage business consultant and executive coach, and Rob Chrisman, editor-in-chief of the widely followed Chrisman Commentary newsletter, to discuss his leadership vision, Dark Matter's newly announced servicing platform and strategies lenders can employ to stay competitive in a shifting mortgage landscape.

News: The Mortgage Collaborative Helps Lender Member Resolve VA Loan Issue, Restoring Lender Authority

Mortgage and Finance News: (SAN DIEGO, Calif.) The Mortgage Collaborative (TMC) has once again demonstrated the power of its network by swiftly assisting lenders to resolve a critical VA lending issue that had stalled loan processing nationwide. Through rapid collaboration, direct engagement with the Department of Veterans Affairs (VA), and the persistence of key TMC members, impacted lenders regained their VA underwriting and insurance authority in just one week-ensuring veterans could move forward with their home purchases.

News: Optimal Blue Establishes Alliance with Cotality to Expand the Reach of Its Mortgage Origination and Pricing Data

Mortgage and Finance News: (PLANO, Texas) Optimal Blue today announced a strategic alliance with Cotality™ (formerly CoreLogic®) that expands access to its mortgage origination and pricing data. Through this collaboration, Cotality will offer Optimal Blue's data to a broader audience, including hedge funds, capital markets participants, and investment firms seeking insights into the mortgage markets.

News: Fintech and mortgage innovation take center stage as Figure Lending CEO Mike Tannenbaum appears on The Big Picture webcast

Mortgage and Finance News: (CLEVELAND, Ohio) Top mortgage industry webcast The Big Picture, broadcast live every Thursday at 3 pm ET, this week features Mike Tannenbaum, CEO of Figure Lending, the nation's largest non-bank provider of home equity lines of credit. Tannenbaum will join co-hosts Rich Swerbinsky, mortgage business consultant and executive coach, and Rob Chrisman, editor-in-chief of the widely followed Chrisman Commentary newsletter, to explore the evolving role of fintech in mortgage lending.

News: CapitalW Collective Collaborates with Citizens to Advance Women in Mortgage Capital Markets

Mortgage and Finance News: (SAN DIEGO, Calif.) CapitalW Collective, a leading non-profit dedicated to increasing the representation of women and their allies in mortgage capital markets, proudly announces Citizens as a Diamond-level corporate sponsor. This partnership reflects a shared commitment to fostering a more inclusive and dynamic mortgage capital markets industry by providing education, mentorship, and leadership opportunities, particularly for underrepresented professionals.

News: Dark Matter Technologies completes migration to AWS to enhance computing speed, performance and scalability

Mortgage and Finance News: (JACKSONVILLE, Fla.) Dark Matter Technologies (Dark Matter®), an innovative leader in mortgage technology, today announced the successful completion of its IT infrastructure migration to Amazon Web Services (AWS). This strategic move enhances Dark Matter's ability to deliver superior performance, scalability and reliability to mortgage industry clients

News: Vice Capital Markets founder Chris Bennett will join The Big Picture webcast to recap the Federal Reserve’s latest policy decisions

Mortgage and Finance News: (CLEVELAND, Ohio) Top mortgage industry webcast The Big Picture, broadcast live every Thursday at 3 pm ET, this week features Chris Bennett, founder and chairman of Vice Capital Markets. Bennett will join Rich Swerbinsky, mortgage business consultant and executive coach, and Rob Chrisman, editor-in-chief of the widely followed Chrisman Commentary newsletter, to explore key trends in capital markets, the impact of Federal Reserve policy on mortgage rates and the evolving strategies lenders are using to manage risk in today's volatile market.

News: Collaboration Between MCT and Fannie Mae Improves Pricing for Mortgage Sellers on Select Loans

Mortgage and Finance News: (SAN DIEGO, Calif.) Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced their integration with Fannie Mae's new Loan Pricing API. By combining various price factors and utilizing a broader set of data found in bid tapes, the new API provides greater price transparency on certain loans. This is the latest in a series of recent collaborations between MCT and Fannie Mae intended to provide additional benefit and value to mortgage secondary market participants.

News: Vice Capital Markets Integrates with Fannie Mae’s New Loan Pricing API to Streamline Mortgage Loan Pricing and Commitment

Mortgage and Finance News: (NOVI, Mich.) Vice Capital Markets, a leading mortgage hedge advisory firm for independent lenders, banks and credit unions, announced today it is the first to integrate Fannie Mae's new Loan Pricing application programming interface (API) into its trading portal. The API consolidates multiple APIs into one, simplifying the loan pricing process and enhancing pricing and commitments.

News: MCT Reports 28% Increase in Mortgage Lock Volume Heading into Spring Season

Mortgage and Finance News: (SAN DIEGO, Calif.) Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, today announced a 27.91% increase in mortgage lock volume compared to the previous month. Industry professionals and stakeholders are encouraged to download the full report for a detailed analysis.