Home - The Mortgage Leader

Data Provider FirstClose Banks $35M in Funding FirstClose, which offers data and workflow solutions for mortgage and home equity lenders, has pocketed $35 million in equity funding, the company announced.
Loan Officer Indicted for Fraud, Identity Theft A Florida mortgage loan officer has been indicted on federal charges of bank fraud and aggravated identity theft, prosecutors announced.
Indecomm Rolls Out GeniusWorks for Middle Office Indecomm Global Services has unveiled GeniusWorks, an automation-based offering aimed at streamlining middle-office origination.

Data Provider FirstClose Banks $35M in Funding FirstClose, which offers data and workflow solutions for mortgage and home equity lenders, has pocketed $35 million in equity funding, the company announced.
Loan Officer Indicted for Fraud, Identity Theft A Florida mortgage loan officer has been indicted on federal charges of bank fraud and aggravated identity theft, prosecutors announced.
Indecomm Rolls Out GeniusWorks for Middle Office Indecomm Global Services has unveiled GeniusWorks, an automation-based offering aimed at streamlining middle-office origination.
Fannie Mae Cuts Economic Outlook Due to Rates, Inflation Fannie Mae has downgraded its 2022 economic outlook, as well as its projections for home sales and mortgage originations, citing stubborn inflation and climbing interest rates.
Mortgage Industry Veteran Advises: 'Take a Deep Breath' One lesson learned from 30 years in the mortgage business is that slowdowns are an inevitable part of the business cycle. That’s according to Churchill Mortgage CEO Mike Hardwick, writing for Forbes.com.

Keller Mortgage Joins Layoff Wave Keller Williams has laid off an unspecified number of people at its lending business, Keller Mortgage, following job cuts at several other mortgage lenders. So reports The Real Deal.
Freddie Mac Automates Employment Verification Freddie Mac has automated 10-day pre-closing verification employment as the latest in a new set of automated underwriting capabilities.

Data Provider FirstClose Banks $35M in Funding FirstClose, which offers data and workflow solutions for mortgage and home equity lenders, has pocketed $35 million in equity funding, the company announced.
Loan Officer Indicted for Fraud, Identity Theft A Florida mortgage loan officer has been indicted on federal charges of bank fraud and aggravated identity theft, prosecutors announced.

An open sourced learning platform for the industry, by the industry

Keller Mortgage Joins Layoff Wave Keller Williams has laid off an unspecified number of people at its lending business, Keller Mortgage, following job cuts at several other mortgage lenders. So reports The Real Deal.
Freddie Mac Automates Employment Verification Freddie Mac has automated 10-day pre-closing verification employment as the latest in a new set of automated underwriting capabilities.
Mortgage Rates Fall Most Since Start of the Pandemic Long-term mortgage rates have posted their sharpest weekly decline since early in the pandemic. So reports Bloomberg.

Keller Mortgage Joins Layoff Wave Keller Williams has laid off an unspecified number of people at its lending business, Keller Mortgage, following job cuts at several other mortgage lenders. So reports The Real Deal.
Freddie Mac Automates Employment Verification Freddie Mac has automated 10-day pre-closing verification employment as the latest in a new set of automated underwriting capabilities.
Mortgage Rates Fall Most Since Start of the Pandemic Long-term mortgage rates have posted their sharpest weekly decline since early in the pandemic. So reports Bloomberg.
FHFA Director Sandra Thompson Confirmed by Senate The Senate has confirmed Sandra Thompson as director of the Federal Housing Finance Agency, by a tight 49-46 margin. So reports MReport.
Bodnar of MMG: A Couple of Good Signs "Rates may have peaked as we enter the unofficial beginning of Summer," says Bill Bodnar of the Mortgage Market Guide. "Next week is the Jobs Report."