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1 week 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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1 week 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 week 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 week 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.
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1 week ago | 
mymortgagemindset.com | Ruth Lee |Pedro Garcia |Pedro García |Josh Friend |Keith Kemph
Class Valuation, a real estate appraisal management company (AMC), announced that Chris Flynn has joined its leadership team as chief data officer effective April 1. In his new role, Flynn will lead Class Valuation’s enterprise data strategy, overseeing the development of scalable analytics, AI capabilities and automation to improve valuation accuracy, speed and transparency. “Chris brings a rare combination of strategic vision and hands-on innovation,” said John Fraas, CEO of Class Valuation.
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2 weeks ago | 
mymortgagemindset.com | Ruth Lee |Pedro Garcia |Pedro García |Josh Friend |Keith Kemph
Panorama Mortgage Group has appointed Juan Cepeda as Chief Operating Officer (COO). With over 26 years of experience in the mortgage industry, Cepeda brings extensive knowledge and leadership to the company, reinforcing its commitment to operational excellence and sustainable growth. As COO, Cepeda will oversee the company’s day-to-day operations, focusing on optimizing processes, improving efficiency, and driving continued success.
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2 weeks ago | 
mymortgagemindset.com | Ruth Lee |Pedro Garcia |Pedro García |Josh Friend |Keith Kemph
Next Level Education, a provider of continuing education and training for the mortgage industry, announces the company’s formation and launch of its website. The firm focuses on empowering mortgage professionals and advancing home ownership throughout the industry. It was co-founded by two industry veterans, J.R. Huber and Debbie Gadberry, who are serving as CEO/President and COO/Senior Vice President respectively.
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2 weeks ago | 
mymortgagemindset.com | Ruth Lee |Pedro Garcia |Pedro García |Josh Friend |Keith Kemph
EquityProtect, a leader in real estate fraud prevention and data security, has partnered with Pacific Coast Title Company, a technology-focused leading title agent in California, to offer victims of California’s recent wildfires free protection from title theft with EquityProtect’s patented technology designed to safeguard homeowners from deed theft crimes. In the wake of natural disasters, homeowners are most vulnerable to real estate fraud as cyberscammers seek to take advantage of the chaos.
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2 weeks ago | 
mymortgagemindset.com | Ruth Lee |Pedro Garcia |Pedro García |Josh Friend |Keith Kemph
MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the Department of Veterans Affairs’ (VA) reported plans of a phase-out of its Veterans Affairs Servicing Purchase (VASP) program:“Halting the VASP program will increase the number of veterans facing foreclosure unless the VA and Congress implement a permanent partial claim option as soon as possible.
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3 weeks ago | 
mymortgagemindset.com | Ruth Lee |Pedro Garcia |Pedro García |Josh Friend |Keith Kemph
A&D Mortgage has closed its acquisition of the wholesale and non-delegated correspondent mortgage business from Mr. Cooper Group Inc. (“Mr. Cooper”). Mr. Cooper previously acquired the wholesale and non-delegated mortgage business as part of a separate transaction in November 2024. This strategic transaction, first announced in January 2025, significantly expands A&D Mortgage’s presence in the Agency and Government lending sectors, while further strengthening its leadership in Non-QM.
