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1 week ago | 
mymortgagemindset.com | Ruth Lee |Pedro Garcia |Pedro García |Josh Friend |Keith Kemph
LoanPASS, a provider of loan pricing and decisioning software, has acquired PMI Rate Pro, a Kansas-based fintech specializing in API-driven private mortgage insurance (PMI) pricing technology. The acquisition brings together two innovators in mortgage tech to deliver a comprehensive and connected platform for product configuration, pricing, eligibility, and mortgage insurance quoting.
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2 weeks ago | 
mymortgagemindset.com | Ruth Lee |Pedro Garcia |Pedro García |Josh Friend |Keith Kemph
Total commercial real estate (CRE) mortgage borrowing and lending is estimated to have totaled $498 billion in 2024, a 16 percent increase from the $429 billion in 2023, and a 39 percent decrease from $816 billion in 2022. This is according to the Mortgage Bankers Association’s (MBA) 2024 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation.
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3 weeks ago | 
mymortgagemindset.com | Ruth Lee |Pedro Garcia |Pedro García |Josh Friend |Keith Kemph
Dark Matter Technologies (Dark Matter), unveiled a new Developer Portal during its second annual Horizon user conference. The Developer Portal marks a significant evolution for the Empower® loan origination system (LOS), moving from API access to a fully open API ecosystem.
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3 weeks ago | 
mymortgagemindset.com | Ruth Lee |Pedro Garcia |Pedro García |Josh Friend |Keith Kemph
Intercontinental Exchange, Inc. (NYSE:ICE), a global provider of technology and data, released its March 2025 First Look, which reveals that while delinquency rates edged up slightly year over year (YoY), they remain below pre-pandemic levels. The ICE First Look reports on month-end delinquency, foreclosure and prepayment statistics sourced from its loan-level database, which covers a majority of the U.S. mortgage market.
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3 weeks ago | 
mymortgagemindset.com | Ruth Lee |Pedro Garcia |Pedro García |Josh Friend |Keith Kemph
Down Payment Resource (DPR), an authority on homebuyer assistance program data and solutions, released its Q1 2025 Homeownership Program Index (HPI) report. The report saw the number of entities offering homebuyer assistance programs increase by 55 year-over-year (YoY). The number of programs increased by 43 during the first quarter, bringing the total number of available programs to 2,509.
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3 weeks ago | 
mymortgagemindset.com | Ruth Lee |Pedro Garcia |Pedro García |Josh Friend |Keith Kemph
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for March 2025 shows mortgage applications for new home purchases increased 5.5 percent compared from a year ago. Compared to February 2025, applications increased by 14 percent. This change does not include any adjustment for typical seasonal patterns.
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4 weeks ago | 
mymortgagemindset.com | Ruth Lee |Pedro Garcia |Pedro García |Josh Friend |Keith Kemph
Independent mortgage banks and mortgage subsidiaries of chartered banks reported an average profit of $443 on each loan they originated in 2024, up from an average loss of $1,056 per loan in 2023. “After two preceding years of net losses, net production income was back in the black in 2024,” said Marina Walsh, CMB, MBA’s Vice President of Industry Analysis.
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4 weeks ago | 
mymortgagemindset.com | Ruth Lee |Pedro Garcia |Pedro García |Josh Friend |Keith Kemph
EquityProtect, a provider of real estate fraud prevention and data security, has partnered with title companies across the nation to provide property owners with enhanced safeguards that complement their existing title insurance. EquityProtect’s free title monitoring service adds an extra layer of protection by alerting property owners to any changes in their property title. While it does not prevent fraud, it empowers homeowners to take swift corrective action before serious issues arise.
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1 month ago | 
mymortgagemindset.com | Ruth Lee |Pedro Garcia |Pedro García |Josh Friend |Keith Kemph
Friday Harbor, an AI-powered platform that helps loan officers assemble complete and compliant loan files in real time, announced the completion of a $6 million seed round. The round was led by Abstract Ventures, a San Francisco-based venture firm with $1.5 billion in assets under management and a track record of backing breakout companies including Rippling, xAI, Hebbia, Brigit and Hippo (NYSE: HIPO) and Mischief, an early-stage VC fund co-founded by Plaid CEO Zach Perret.
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1 month ago | 
mymortgagemindset.com | Ruth Lee |Pedro Garcia |Pedro García |Josh Friend |Keith Kemph
Despite millions of dollars invested across the industry, Business Intelligence (BI) software is not delivering the insights mortgage lenders need to grow their businesses in the current environment. That’s the conclusion data scientists at Redefining Business Intelligence (RBI), a data science company that uses AI and experienced business analysts to pull actionable insights from very large data sets, reached in a new white paper.
