Patrick Barnard

Avatar

Applications For New Home Sales Jumped 11% on Lower Rates

Applications for mortgages for new home purchases increased 11% in July compared with June and were up 31.2% compared with July 2018, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS). Joel Kan, associate vice president of economic and industry forecasting for the MBA, says the increase “was driven by the ongoing decline in mortgage rates, combined with …

Read More »

Visionet Systems’ VisiLoanReview Now Integrated with Encompass

Visionet Systems reports that its VisiLoanReview (VLR) solution is now integrated with with Ellie Mae’s Encompass loan origination system. This integration will help mortgage lenders drive quality and efficiency in the loan origination process, the company says in a release. Visionet’s VLR enables lenders to process large volume of documents with high degree of accuracy and precision. Along with higher …

Read More »

David Stevens Joins Board of Directors at George Mason Mortgage

David Stevens, CMB, former president and CEO of the Mortgage Bankers Association (MBA), has joined the George Mason Mortgage board of directors as an advisor. Stevens has a wealth of knowledge in the real estate, finance and mortgage banking industry. His extraordinary tenure in the business led him to serve in the Obama Administration as Assistant Secretary of Housing and FHA …

Read More »

Take Three Technologies Hires Ruth Lee as Executive Vice President

Mortgage industry veteran Ruth Lee has joined mortgage technology firm Take Three Technologies  as executive vice president. The Denver-based fintech startup is focused on empowering mortgage lenders and loan originators with best-in-class technology solutions. Lee was previously executive vice president at MorVest Capital. She also served for 11 years at Titan Lenders Corp. where she rose to the rank of …

Read More »

Mortgage Applications Continue to Surge on Lower Rates

Due to a significant drop in mortgage rates, mortgage application volume jumped 21.7% during the week ended Aug. 9, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. The increase was due mainly to a surge in applications for refinances that was driven by the previous week’s significant drop in rates. Applications for refinances increased 37% on an adjusted …

Read More »

Texas Legislature Clarifies Rules on Remote Online Notarization

The Texas legislature recently passed a bill that provides recording jurisdictions with additional clarity when conducting paper recordings of electronically executed documents. SB 2128, which takes effect Sept. 1, addresses several uncertainties previously acknowledged in regard to remote online notarization (RON) in Texas. Under this bill, a notary will be able to certify via an affidavit that a paper copy …

Read More »

MQMR Adds Mortgage Industry Veteran Stephen Sherman as COO

Seasoned mortgage and real estate professional Stephen Sherman has joined Mortgage Quality Management and Research (MQMR) as chief operating officer. Sherman has more than 30 years of experience in mortgage servicing, secondary marketing, warehouse lending, commercial real estate sales, corporate consulting and REO management.  Previously he founded Sherman Consulting, a mortgage and real estate consulting firm that specialized in providing …

Read More »