The transaction includes about 123 loans and is expected to close by August
Refi activity also rose to 46.6% of total mortgage applications from 45.4%
If the customer response to the soft launch of Digital Mortgage is any indication, one of the country’s largest retail mortgage lenders should be flooded by online customers in the coming months.
Home buyer demand saw its smallest annual increase in months recently.
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The housing market recovery has shifted into a “higher gear,” according to one industry association that has ramped up its forecast for originations this year and next.
A great number of originators aren’t prepared for the upcoming TRID deadline, according to the results of a recent compliance training exercise.
The eClosing pilot program, designed to test the effectiveness of providing homeowners with electronic files to better understand their closing documents, and streamline the closing process, has found another mortgage partner.