Tag: DepthPR

Mortgage and Finance News: (AUSTIN, Texas) FirstClose™, a leading fintech provider of data and workflow solutions for mortgage and home equity lenders nationwide, today announced the appointment of Alex Sirpis as vice president of sales. In this role, Sirpis will lead the company's sales organization, refine the go-to-market strategy and drive revenue growth as FirstClose continues expanding its presence with mortgage and home equity lenders across the country.

Mortgage and Finance News: (LAKE ZURICH, Ill.) Dovenmuehle Mortgage, Inc. (DMI), a leading mortgage subservicing company, announced today that Rivermark Community Credit Union has expanded its partnership with DMI. Under this expanded relationship, Dovenmuehle will provide subservicing for Rivermark's growing portfolio of mortgage loans, supporting the credit union's expanding membership base and ensuring an exceptional servicing experience for members.

Mortgage and Finance News: (CLEVELAND, Ohio) Top mortgage industry webcast The Big Picture, broadcast live every Thursday at 3 p.m. ET, announced a December lineup of trailblazing figures in loan origination technology, real estate and housing finance advocacy. Co-hosted by mortgage business consultant and executive coach Rich Swerbinsky and capital markets authority Rob Chrisman.

Mortgage and Finance News: (DES MOINES, Iowa) iEmergent, a forecasting and advisory services firm for the financial services, mortgage and real estate industries, released a new analysis validating that its U.S. purchase mortgage origination forecasts continue to lead the industry in accuracy, outperforming other publicly available forecasts such as those published by Fannie Mae and the Mortgage Bankers Association (MBA) over the last six years.

Mortgage and Finance News: (AUSTIN, Texas) FirstClose™, a leading fintech provider of data and workflow solutions for mortgage and home equity lenders nationwide, today announced the appointment of Adam Nicholson as director of professional services. Nicholson will lead the company's implementation operations, including project delivery, process optimization and cross-functional coordination to enhance the customer experience.

Mortgage and Finance News: (AUSTIN, Texas) FirstClose™, a leading fintech provider of data and workflow solutions for mortgage and home equity lenders nationwide, announced today that Lake Michigan Credit Union (LMCU) has implemented FirstClose's Equity Order Management to automate settlement workflows for its home equity lending operations.

Mortgage and Finance News: (TORRANCE, Calif.) DocMagic, Inc. announced today the availability of its in-person electronic notarization (IPEN) capability, extending the company's Total eClose™ platform to support more closing scenarios and borrower preferences across the country. IPEN offers lenders, settlement agents, notaries and borrowers an additional digital option for situations where remote online notarization (RON) is not jurisdictionally permitted or simply not the preferred experience.

Mortgage and Finance News: (DENVER, Colo.) ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, today announced the release of its quarterly ACES Mortgage QC Industry Trends Report covering the second quarter (Q2) of 2025. The report analyzes post-closing quality control data derived from the ACES Quality Management & Control® software.

Mortgage and Finance News: (CHARLOTTE, N.C. and PLYMOUTH, Minn.) Rice Park Capital Management LP ("Rice Park"), a Minneapolis-based private investment firm specializing in mortgage servicing rights (MSRs), announced today that it has acquired Rosegate Mortgage, LLC ("Rosegate Mortgage"), NMLS #2020757, a retail and consumer-direct mortgage lender headquartered in Charlotte, NC.

Mortgage and Finance News: (SAN DIEGO, Calif.) As lenders continue to navigate a shifting housing market marked by volatility, margin pressure and rapid technological change, The Mortgage Collaborative (TMC) is doubling down on what it believes is the industry's greatest strength: connection.

Mortgage and Finance News: (IRVINE, Calif.) Cloudvirga, a Stewart-owned provider of digital point-of-sale platforms for lenders, today announced the launch of its new Loan Hub for lenders seeking an optimized loan team experience. The Loan Hub gives loan officers, LO assistants and processors a modern, intuitive workspace to manage their pipelines, collaborate with borrowers and complete key tasks without toggling between systems.

Mortgage and Finance News: (PLANO, Texas) Optimal Blue today released its October 2025 Market Advantage mortgage data report, showing that rate-lock activity remained strong despite seasonal cooling and continued to outpace last year's levels. Total lock volume fell 4.2% month over month (MoM) from September's peak but was still up 18% year over year (YoY) as borrowers responded to improving affordability and narrower rate spreads.

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 it has launched AI Sidekick, an artificial intelligence (AI) feature built into the LiteSpeed point-of-sale (POS) platform. AI Sidekick supports loan officers (LOs) with simple tools to instantly review loan files, efficiently update document needs lists and rapidly identify missing data, reducing loan processing times by up to 40%.

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 that its AI Originator Assistant now performs collateral analysis alongside credit, income and asset reviews. The enhancement enables lenders to underwrite appraisals and appraisal-related documents with the same precision and consistency the platform already delivers for other loan file components.

Mortgage and Finance News: (ADDISON, Texas) Click n' Close, a multi-state mortgage lender, today announced a significant expansion of its warehouse line capacity dedicated to its growing One-Time Close (OTC) construction-to-permanent wholesale lending business. The expansion, supported by Merchants Bank and other warehouse partners, triples Click n' Close's OTC capacity and follows a record fiscal year performance, reinforcing the confidence of its capital partners in the company's financial strength and specialized business model.

Mortgage and Finance News: (AUSTIN, Texas) FirstClose™, a leading fintech provider of data and workflow solutions for mortgage and home equity lenders nationwide, is celebrating its 25th anniversary this month. This marks a quarter-century of innovation in modernizing lending processes for residential mortgage and home equity lenders nationwide.

Mortgage and Finance News: (DALLAS, Texas) Benchmark Mortgage, a full-service mortgage lender and broker based in Dallas, has added mortgage marketing professional Clay McMurray as chief marketing officer. McMurray will help Benchmark Mortgage grow its national brand to new heights, bringing the company's story to life with the goal of helping as many homeowners as possible while attracting top mortgage originators. He brings extensive mortgage industry experience, having led and expanded other national brands.

Mortgage and Finance News: (ADDISON, Texas) Click n' Close, a multi-state mortgage lender, today announced the addition of Jon Wilson as Vice President of Accounting. In this role, Wilson will oversee corporate accounting, financial reporting and process optimization, supporting the company's continued growth and operational excellence.

Mortgage and Finance News: (DALLAS, Texas) Benchmark Mortgage, a full-service mortgage lender and broker based in Dallas, has named Denise Donoghue, also known as "The Mortgage Nerd," as its 2025 Blue Jacket winner. The prestigious award is given annually by Benchmark Mortgage, a community of expert mortgage consultants in more than 80 branches nationwide, to members who embody the company's core values and demonstrate excellence in business execution.

Mortgage and Finance News: (TROY, Mich.) Class Valuation, a leading real estate appraisal management company, and Land Gorilla, a leading provider of construction lending software, today announced a joint integration that adds a new Appraisal Management Company category to Land Gorilla's inspection marketplace. This enables lenders to order or automate final inspections and appraisal updates directly within the Land Gorilla platform.

Mortgage and Finance News: (ADDISON, Texas) Click n' Close, a multi-state mortgage lender, today announced a two-part initiative to support lenders during the federal government shutdown: free lock extensions for USDA loans already in its wholesale pipeline and acceptance of new USDA locks, which will be eligible for the same free extensions through Dec. 31,

Mortgage and Finance News: (ATLANTA, Ga.) Down Payment Resource (DPR), the housing industry authority on homebuyer assistance program data and solutions, today released its Q3 2025 Homeownership Program Index (HPI) report. The report identifies 70 new programs launched in Q3, bringing the total number of available programs nationwide to a record 2,624. Additionally, 20 new program providers were added to DPR's database in Q3, bringing its provider total to 1,360.

Mortgage and Finance News: (TROY, Mich.) Class Valuation, a leading real estate appraisal management company (AMC), announced today that Kaushal Shah, its chief technology officer, has been named a 2025 NewsLink Tech All-Star by the Mortgage Bankers Association, the national association representing the real estate finance industry. The MBA's NewsLink Tech All-Star awards recognize a few individuals each year who are making measurable and meaningful contributions to the mortgage industry.

Mortgage and Finance News: (JACKSONVILLE, Fla.) Dark Matter Technologies (Dark Matter®), an innovative leader in mortgage technology, today announced that PNC Bank, part of the PNC Financial Services Group, Inc., will extend its use of Dark Matter's cutting-edge mortgage solutions under a new contract to enhance PNC's mortgage and home equity lending operations.

Mortgage and Finance News: (AUSTIN, Texas) FirstClose™, Inc., a leading fintech provider of data and workflow solutions for mortgage and home equity lenders nationwide, today announced the completion of an additional round of equity funding, which was led by existing investor Lateral Investment Management, based in San Mateo, California.

Mortgage and Finance News: (PLANO, Texas) Optimal Blue today announced the launch of a new data solution to deliver increased market transparency, as well as three major platform enhancements focused on pricing accuracy, trade execution and counterparty management. Released ahead of the Mortgage Bankers Association (MBA) Annual Convention and Expo, and as the company prepares for its 2026 Optimal Blue Summit, these innovations reinforce Optimal Blue's commitment to delivering solutions that position lenders to drive operational excellence and boost competitive performance.

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 three new market intelligence dashboards that give mortgage lenders immediate, data-driven visibility into competitive benchmarking, market trends and broker performance.

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 the release of the Homebuyer Intelligence Report, a quarterly summary of insights into borrower behavior during the home-buying process based on data collected by the LenderLogix suite of tools. The latest report covers data collected during the pre-approval and borrower application process in the third quarter (Q3) of 2025.

Mortgage and Finance News: (TORRANCE, Calif.) DocMagic, Inc. announced today it has been granted two patents from the United States Patent and Trademark Office: Patent No. 12,175,785 for its system and method of "Determining Similar Loan Documents" and Patent No. 12,169,976 for its system and method of "Enabling Electronic Loan Documents."

Mortgage and Finance News: (IRVINE, Calif.) Cloudvirga, a Stewart-owned provider of digital point-of-sale platforms for lenders, today announced the integration of its Horizon POS with Stewart Valuation Intelligence, LLC (SVI), a national provider of appraisal management and residential real estate valuation services.