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Opendoor adds Doma title tech assets in new acquisition

Industry News, LOAN PRODUCTS, M&A, Mortgage technology, Originations, Title insurance /

Opendoor Technologies is acquiring assets belonging to title fintech Doma in a deal that arrives just weeks after the real estate company re-entered mortgage lending.  Processing Content The agreement adds Doma’s title automation search capabilities to Opendoor’s closing and escrow platform. Opendoor, known for its home-flipping model that quickly delivers cash to sellers, pointed to […]

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CrossCountry adding top 35 lender Summit Funding

CrossCountry adding top 35 lender Summit Funding

LOAN PRODUCTS, M&A, Mortgage technology, Originations /

While the mortgage industry is watching how the situation between UWM Holdings and an unnamed buyer for Two Harbors will work out, another large lender is diving headlong into a merger. Processing Content CrossCountry Mortgage, the Cleveland-based lender that says it’s been No. 1 in retail three years running, has agreed to buy another privately

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Trump push on RON faces real-world limits

Digital mortgages, LOAN PRODUCTS, Mortgage technology, Mortgages, Originations /

While President Trump’s executive order promoting increased access to mortgage credit makes prominent mention of digital loans and remote online notarization, the practical effect might be limited. Processing Content RON is already allowed in 48 states and the District of Columbia; though some of those still only have temporary authorization in place. However, even with

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IMB profits drop sharply even as volume surges in Q4

LOAN PRODUCTS, Mortgages, Originations /

Even with the surprisingly strong fourth quarter for origination volume, net production profits at nonbank lenders were down about 44% from the period ended Sept. 30, 2025, the Mortgage Bankers Association found. Processing Content Still, the industry has been profitable three quarters in a row. It follows a run where IMBs averaged losses 10 out

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Lennar profit drops 56% amid rates, Iran uncertainty

Earnings, Homebuilders, LOAN PRODUCTS, Originations, Politics and policy, REALTORS & HOMEBUILDERS /

Lennar’s management is working through the various challenges facing homebuilders: not just the Iran conflict, but also the antipathy against institution investor purchasers. Processing Content In its first fiscal quarter, which ended on Feb. 28, Lennar earned $229 million, less than half of the $520 million it made for the same period in 2025. The

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Second liens appear on 16% of U.S. mortgages

Home equity loans, LOAN PRODUCTS, Secondary markets, Servicing /

The share of primary mortgages on properties that also have second liens is currently in the double digits, reflecting growth in home equity lending that’s increasingly relevant to agency mortgage-backed securities investors. Processing Content Approximately 16% of active first liens are on homes that also have seconds on them, representing a total outstanding balance of

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LoanDepot adds wholesale production 3 years after exit

LoanDepot adds wholesale production 3 years after exit

Career moves, LOAN PRODUCTS, loanDepot, Marketing, Originations, Underwriting, Wholesale lenders /

After exiting the channel approximately three-and-a-half years ago during a tough period for both the mortgage industry and its own business, LoanDepot is returning to the wholesale origination business. Processing Content “Serving brokers through wholesale naturally expands our multi-channel origination strategy and complements our direct-to-consumer, in-market retail, joint venture, and servicing businesses,” CEO Anthony Hsieh

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MISMO releases VA, FHA form standards for industry use

MISMO releases VA, FHA form standards for industry use

LOAN PRODUCTS, Mortgage technology, Originations, Secondary bond market, Underwriting /

The Mortgage Industry Standards Maintenance Organization has moved a pair of initiatives related to two government-guaranteed mortgage loans programs up to candidate recommendation status. Processing Content First, the data mapping for a key form in the Veterans Affairs loan process has achieved this status, meaning the standard has been thoroughly reviewed by industry participants and

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Rate moves into auto lending via app

Auto lending, Industry News, LOAN PRODUCTS, Originations /

Retail mortgage lender Rate is expanding into auto lending, making car loans available with ongoing upgrades to its mobile app as it looks to offer different types of products.  Processing Content Thanks to an agreement with Westlake Financial, Chicago-based Rate will make vehicle lending available directly within its app, allowing for streamlined processing and opportunities

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HECM lenders see subdued numbers to start the year

FHA, Home equity loans, LOAN PRODUCTS, Originations, Reverse mortgages /

Early-year data shows a noticeable slowdown in government-backed reverse mortgage endorsement volume, and the rise of proprietary products may be playing a role.  Processing Content Endorsements of Federal Housing Administration-backed Home Equity Conversion Mortgages dropped 20.7% between January and February to 1,821 transactions, according to the latest data from Reverse Market Insight. January’s total had

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