News Topic: Texas Business
News: Optimal Blue Launches New Generative AI Assistant Capabilities
Mortgage and Finance News: (PLANO, Texas) Optimal Blue today announced the delivery of generative AI capabilities centered on helping lenders maximize profitability on every loan transaction. Through direct engagement with its thousands of clients, the company has begun delivering generative AI capabilities built for secondary-market-specific use cases and purposefully designed to solve the real-world challenges that mortgage lenders face.
News: Click n’ Close Chief Operations Officer Kara Lamphere Selected in Mortgage Women Magazine’s Annual Mortgage Star Award Program
Mortgage and Finance News: (ADDISON, Texas) Click n' Close, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, today announced Kara Lamphere has been named a Mortgage Star in Mortgage Women Magazine's annual awards program.
News: Falling Home Prices and Purchase Mortgage Locks Reveal a Stagnant Late-Spring Housing Market
Mortgage and Finance News: (PLANO, Texas) Optimal Blue today released its June 2024 Market Advantage mortgage data report, which revealed a stagnant late-spring housing market as home prices dropped for the first time in 2024 and purchase lock counts fell 8% over the previous year. All mortgage lock figures in this news release have been controlled for fewer market days in June.
News: ProNotary Announces Exciting New Partner Program
Mortgage and Finance News: (DALLAS, Texas) ProNotary™, an intuitive and user-friendly digital signing solution, has announced a new partner program. Designed to enable businesses to notarize documents online, ProNotary is excited to collaborate with new partners and generate new income streams for everyone involved.
News: Optimal Blue Launches Competitive Data License to Help Lenders Optimize Margins With Competitive Loan Pricing Data
Mortgage and Finance News: (PLANO, Texas) Optimal Blue announced the release of Competitive Data License, a collection of key national mortgage pricing data that enables lenders to price products competitively, operate more profitably, and react swiftly to changing market conditions. Competitive Data License draws upon direct-source loan data from the Optimal Blue PPE, which is used to price and lock over 35% of loans in the United States.
News: Mortgage Interest Rate Sensitivity Triggers 25% Spike in May Rate-and-Term Refinance Activity
Mortgage and Finance News: (PLANO, Texas) Optimal Blue today released its May 2024 Market Advantage mortgage data report, which revealed a 25.6% month-over-month (MoM) spike in rate-and-term mortgage refinances. The spike was a response to a modest drop in the Optimal Blue Mortgage Market Indices (OBMMI) 30-year conforming rate, which ended the month at 7.02%.
News: Optimal Blue Names Joe Tyrrell Chief Executive Officer
Mortgage and Finance News: (PLANO, Texas) Optimal Blue today announced the appointment of Joe Tyrrell as CEO. Tyrrell succeeds interim CEO Scott Smith of Optimal Blue's parent company, Constellation Software Inc. Tyrrell brings over 25 years of experience in the mortgage, finance, and technology industries to Optimal Blue.
News: ProNotary Enhances Business Efficiency with Advanced Remote Online Notarization Solutions
Mortgage and Finance News: (DALLAS, Texas) ProNotary, a pioneering force in the remote online notarization industry, is proud to announce its continued commitment to transforming the landscape of notary services through cutting-edge remote online notarization (RON) solutions. Founded in 2018, ProNotary has been at the forefront of innovation, providing businesses with a comprehensive suite of notarization software designed to meet the evolving needs of the digital age.
News: Click n’ Close to Receive Top Lender Award at USDA’s Single Family Housing Guaranteed Loan Program Ceremony
Mortgage and Finance News: (ADDISON, Texas) Click n' Close, a multi-state mortgage lender, today announced that it will be honored with a top lender award at the United States Department of Agriculture's Single Family Housing Guaranteed Loan Program ceremony. This recognition underscores Click n' Close's commitment to fostering homeownership and supporting community development through innovative loan programs.
News: Optimal Blue Announces ‘Optimize Your Advantage’ to Showcase How Its Capital Markets Platform Puts Lenders in Control of Their Margins
Mortgage and Finance News: (PLANO, Texas) Optimal Blue announced the launch of its Optimize Your Advantage campaign in advance of the MBA Secondary and Capital Markets Conference. This comprehensive brand initiative highlights the value and innovation the company delivers to clients. Through Optimal Blue's position as the housing industry's only end-to-end capital markets platform, lenders and other market participants have greater control of their profit margins, giving them distinct advantages, regardless of market conditions.
News: Mortgage Purchase Lock Counts See First YoY Gain Since Fed Rate Hikes Began Two Years Ago
Mortgage and Finance News: (PLANO, Texas) Optimal Blue today released its April 2024 Originations Market Monitor report, which reveals the first year-over-year increase in purchase mortgage lock counts since the Federal Reserve initiated rate hikes in March 2022.
News: Optimal Blue Director of Data Solutions Brennan O’Connell Named a 2024 HousingWire Rising Star
Mortgage and Finance News: (PLANO, Texas) Optimal Blue today announced that Brennan O'Connell, director of data solutions, has been honored with the 2024 HousingWire Rising Stars award. The award program celebrates emerging leaders in real estate and mortgage who have demonstrated rapid career growth and an ability to lead, achieving remarkable milestones before the age of 40.
News: Click n’ Close Expands DPA Mortgage Product Suite to Include Option for Shared Appreciation
Mortgage and Finance News: (ADDISON, Texas) Click n' Close, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, announced it has expanded its suite of down payment assistance (DPA) loan products to include a shared appreciation option to help address the affordability challenges facing homebuyers.
News: Optimal Blue Announces Promotion of Rick Allen to Chief Operating Officer
Mortgage and Finance News: (PLANO, Texas) Optimal Blue today announced that it has elevated Rick Allen to chief operating officer (COO). Most recently serving as Optimal Blue's chief administrative officer, Allen brings more than 35 years of experience in the housing industry to his senior leadership role. Throughout his tenure at Optimal Blue, Allen has played an integral role in the enhancement and delivery of products to add exceptional value to the company's clients.
News: Average Homebuyer Credit Score Hits the Highest Mark in Years
Mortgage and Finance News: (PLANO, Texas) Today, Optimal Blue released its March 2024 Originations Market Monitor report, which reveals the average homebuyer credit score has reached 737 - an all-time high since the company began tracking this data in January 2018. Despite the potential buyer pool being somewhat limited to borrowers with higher credit, rate lock volume showed steady month-over-month growth of 17% in March as the spring buying season got underway.
News: SmartBuy DPA Now Available to The Mortgage Collaborative’s Lender Members
Mortgage and Finance News: (ADDISON, Texas) Click n' Close, a multi-state mortgage lender, today announced its Preferred Partner status with The Mortgage Collaborative (TMC), a leader in mortgage cooperatives dedicated to providing its members with cutting-edge technology and expert mortgage banking resources.
News: Mortgage Industry Veteran Sara Holtz Joins Optimal Blue as Chief Marketing Officer
Mortgage and Finance News: (PLANO, Texas) Optimal Blue announced today that it has appointed Sara Holtz as chief marketing officer. As a seasoned marketing and communications leader, Holtz brings more than 20 years of career experience, including a decade of driving change in the mortgage industry. As chief marketing officer, Holtz will drive unified marketing and communications strategies to advance Optimal Blue's business priorities and further extend the company's influence.
News: Click n’ Close Announces One-Time Close Program to Address Home Buyer Challenges in Rural America
Mortgage and Finance News: (ADDISON, Texas) Click n' Close, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, announced its latest mortgage product, One-Time Close (OTC) loan programs for government-insured mortgage products. This product is designed to aid homebuyers in rural America with down payment assistance, with availability in select markets.
News: NotaryCam Achieves Record RON Growth in 2023
Mortgage and Finance News: (HOUSTON, Texas) NotaryCam®, a Stewart-owned company and leading remote online notarization (RON) provider for real estate and legal transactions, announced significant growth in 2023, expanding its independent notary platform customer base by 46% and the number of loss mitigation-related RON transactions by 115%. The company also increased its medical credentialling remote notarizations by 45%, executing transactions in 160 out of 192 countries worldwide.
News: Spring Buying Season Kicks Off With an Uptick in Purchase Applications Despite Climbing Interest Rates
Mortgage and Finance News: (PLANO, Texas) Today, Optimal Blue released its February 2024 Originations Market Monitor report, which reveals that the spring homebuying season has kicked off with a jump in monthly purchase mortgage locks. The seasonal spike in purchase locks propelled a net increase in origination activity, even as higher interest rates led to steep declines in mortgage refinances.
News: Lending execs share top concerns, priorities in The Mortgage Collaborative’s 2024 Pulse of the Network survey findings
Mortgage and Finance News: (AUSTIN, Texas) The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, announced the completion of its "Pulse of the Network" survey for 2024. The full report features lenders' top five critical issues for the year, top 10 goals and anticipated strategies for success.
News: Optimal Blue’s Mike Schommer Honored as a 2024 HousingWire Finance Leader
Mortgage and Finance News: (PLANO, Texas) Today, Optimal Blue announced its vice president of finance, Mike Schommer, has been honored as a 2024 HousingWire Finance Leader. The award program celebrates senior finance executives who have exhibited exceptional leadership in corporate finance, capital markets, and accounting within the mortgage and real estate sectors.
News: Click n’ Close Welcomes Polly Cracchiolo as Wholesale Loan Division Expands
Mortgage and Finance News: (ADDISON, Texas) Click n' Close, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, today announced Polly Cracchiolo has joined the organization's third-party originator (TPO) sales team as an account executive. In this new role, Cracchiolo will be under Ken Weislak's leadership, the National TPO Business Development Manager at Click n' Close.
News: Optimal Blue Originations Market Monitor: Lock Volume Rises 36% Month Over Month in January, Falling Rates and Slowing Decline in...
Mortgage and Finance News: (PLANO, Texas) Today, Optimal Blue announced the release of its Originations Market Monitor report, looking at mortgage origination data through January month-end. Leveraging daily rate lock data from the Optimal Blue PPE - the industry's most widely used product, pricing, and eligibility engine - the Originations Market Monitor provides a comprehensive and timely view into origination activity.
News: NotaryCam makes its 6th appearance on HousingWire’s annual Tech100 list of innovative technology
Mortgage and Finance News: (HOUSTON, Texas) NotaryCam®, a Stewart-owned company and a pioneering provider of remote online notarization and identity verification/authentication technology for real estate and legal transactions, today announced its inclusion in the prestigious Tech100 awards program by HousingWire, a leading industry publication.
News: Optimal Blue Clinches 2024 HousingWire Tech100 Mortgage Award
Mortgage and Finance News: (PLANO, Texas) Today, Optimal Blue announced its selection by HousingWire as a Tech100 Mortgage award winner. Now in its 12th year, HousingWire's Tech100 award program spotlights the most innovative and impactful tech organizations in housing.
News: Click n’ Close Welcomes Sean Drake as it Expands Wholesale Loan Division
Mortgage and Finance News: (ADDISON, Texas) Click n' Close, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, today announced Sean Drake has joined the organization's third-party originator (TPO) sales team as an account executive.
News: Optimal Blue PPE Now Available in Native Mobile App for Android and iOS, Gives Loan Officers ‘Pricing in Their Pocket’...
Mortgage and Finance News: (PLANO, Texas) Today, Optimal Blue announced releases related to its publicly listed, native mobile app for the Optimal Blue PPE - the industry's most widely used product, pricing, and eligibility engine. The releases consist of a new mobile app for Android, as well as enhancements to the company's mobile offering for iOS.
News: Optimal Blue Originations Market Monitor: December Brought Significant Growth in Rate/Term Refinance Volume as Falling Rates Created Favorable Tailwinds
Mortgage and Finance News: (PLANO, Texas) Today, Optimal Blue announced the release of its Originations Market Monitor report, looking at mortgage origination data through December month-end. Leveraging daily rate lock data from the Optimal Blue PPE - the industry's most widely used product, pricing, and eligibility engine - the Originations Market Monitor provides a comprehensive and timely view into origination activity.
News: Lawyers Title and Simply Adorable Jewelry & Gifts hosts a Holiday Shop-A-Palooza Event in Amarillo, Texas, to Benefit the Chris...
Mortgage and Finance News: (AMARILLO, Texas) Lawyers Title is excited to announce its collaboration with Simply Adorable and other esteemed vendors to organize the much-anticipated Holiday Shop-A-Palooza event. The event, which aims to support the Chris Paddock family, will take place at the Amarillo Country Club on November 30, 2023, from 6 p.m. to 8 p.m.