Purchase market shifting to favor buyers

Demand for homes is starting to taper off, and with more sellers coming to the market in recent weeks, this shift could be a positive sign for the buyers who remain. More sellers came to the market during the four weeks ending May 15...

Buyside raises $10M in equity funding, rebrands as Percy

Buyside, a real estate provider of homebuyer intent and seller leads, announced $10 million in equity funding and a name change. Buyside will become Percy, named after the company’s first investor—and the founder’s great uncle—and has…

Home buyers facing less competition as rates, prices rise

Competition on home offers fell to 60.7% nationwide in April, down from 63.4% a month earlier and 67.4 % a year earlier, as high rates and house prices kept more buyers out of the market. The percentage is the lowest level since…

30% of consumers changed home buying plans this year

About 30% of consumers who planned to buy a home this year changed their minds due to the economy or their personal budgets, including 7% whose credit scores took them out of the running, according to a new consumer survey…

Rents hit 14th straight month of record highs

Rental competition remained “relentless” in April, as the U.S. median rental price hit a new high ($1,827) for the 14th month in a row. Similarly, renters said these higher rents are increasingly cutting into households’ budgets for…

Mortgage-related fraud is on the rise

Overall mortgage-industry fraud has increased during the past one-three years, with consumer fraud accounting for about two-thirds of lender and servicer fraud losses over the last 12 months, according to a new study… 

Suburban homes appreciating faster than urban ones

For the first time since the 2008 crisis, homebuyers may have an easier time buying a home in the city than in a suburb, according to a new Zillow® report. Homes in the suburbs are appreciating faster than urban homes since July 2021…

NEXT Voices

NextGen Influence & Pivotal Moments

Video conversations with executive leaders and mortgage social media influencers.

  • Rose Han
    Personal Finance YouTuber & Online Educator
  • Dakotah Kutz
    Mortgage TikTok influencer and Loan Officer at NFM Lending
  • Margot Ettedgui
    Mortgage TikTok influencer & loan originator at Financial Triangle Inc.
  • Lori Brewer
    EVP and General Manager at SimpleNexus
  • Dale Vermillion
    Founder of Mortgage Champions; President & CEO at Vermillion Consulting

EXEC SPOTLIGHT

Purchase market shifting to favor buyers

Demand for homes is starting to taper off, and with more sellers coming to the market in recent weeks, this shift could be a positive sign for the buyers who remain. More sellers came to the market during the four weeks ending May 15...

Buyside raises $10M in equity funding, rebrands as Percy

Buyside, a real estate provider of homebuyer intent and seller leads, announced $10 million in equity funding and a name change. Buyside will become Percy, named after the company’s first investor—and the founder’s great uncle—and has…

Home buyers facing less competition as rates, prices rise

Competition on home offers fell to 60.7% nationwide in April, down from 63.4% a month earlier and 67.4 % a year earlier, as high rates and house prices kept more buyers out of the market. The percentage is the lowest level since…

30% of consumers changed home buying plans this year

About 30% of consumers who planned to buy a home this year changed their minds due to the economy or their personal budgets, including 7% whose credit scores took them out of the running, according to a new consumer survey…

Rents hit 14th straight month of record highs

Rental competition remained “relentless” in April, as the U.S. median rental price hit a new high ($1,827) for the 14th month in a row. Similarly, renters said these higher rents are increasingly cutting into households’ budgets for…

Mortgage-related fraud is on the rise

Overall mortgage-industry fraud has increased during the past one-three years, with consumer fraud accounting for about two-thirds of lender and servicer fraud losses over the last 12 months, according to a new study… 

Suburban homes appreciating faster than urban ones

For the first time since the 2008 crisis, homebuyers may have an easier time buying a home in the city than in a suburb, according to a new Zillow® report. Homes in the suburbs are appreciating faster than urban homes since July 2021…

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#MortgageTechBits

New, expanded cash programs hit the market

Mortgage service provider Orchard announced its new cash offer program Buy with Orchard to help make homeownership more attainable for first-time buyers facing a challenging market.  Orchard’s first cash offer product, Move First, serves homeowners...

DocMagic integrates with Black Knight’s Empower

DocMagic, Inc. announced an integration with Empower, Black Knight’s loan origination system, to help automate the DocMagic document generation process for lenders and provide access to additional DocMagic services.  Lenders will have direct access from Empower...

Fiserv, BeSmartee launch digital mortgage platform

Fiserv Inc., in collaboration with digital mortgage point-of-sale provider BeSmartee, launched a digital mortgage lending platform, MortgageOrb reported. Digital Mortgage Center builds on the existing capabilities of FIserv’s Mortgage Director and allows lenders to...

OneKey MLS partners with Down Payment Resource

New York-based OneKey MLS announced its partnership with Down Payment Resource (DPR), the nationwide database for U.S. homebuyer assistance programs, to indicate MLS residential listings that may be eligible for down payment assistance and other homebuyer...

Roostify partners with Covered Insurance Marketplace

Roostify now supports integration with the Covered Insurance Marketplace to streamline the homeowners' insurance buying process and shorten the loan lifecycle, the company announced. This integration gives borrowers the flexibility to shop and compare quotes from over...

Lower.com announces HomePass Valuation tool

Fintech Lower.com added HomePass™ Valuation to its suite of tools to help homeowners gain more insight into their current equity as they’re trying to sell, the company announced.  The tool, part of the HomePass™ Move First program,...

Guild Mortgage announces new CashPass program

Guild Mortgage is the latest lender to announce a cash program to help homebuyers navigate the highly competitive market stemming from high prices and rising mortgage rates.  Guild’s new CashPass program allows homebuyers to write a cash offer with no financing...

Morty expands into jumbo loans

Online mortgage marketplace Morty announced “major product expansions” and new state licenses, covering 90% of loan volume in the U.S. and moving towards serving all 50 states. Morty seeks to become “the single point of access to the mortgage market for homebuyers,”...

Zillow, Redfin integration provides 3D Home tours across platforms

Zillow and Redfin have integrated to provide an immersive virtual tour experience on any platform, Zillow announced.  The integration means that Zillow 3D Home tours will now automatically appear on Redfin for the ease of real estate agents and shoppers. This...

Polly integrates with top six MI providers

SaaS technology provider Polly announced its integration with the six primary mortgage insurance providers: Arch MI, Enact, Essent, MGIC, National MI, and Radian. By embedding each MI company’s quoting capabilities into its product and pricing engine, Polly...

realMLS announces partnership with Down Payment Resource

realMLS has partnered with Down Payment Resource (DPR) to enhance its platform with DPR's suite of real estate agent tools that help MLS customers connect homebuyers with homebuyer assistance programs, the company announced.  realMLS is a multiple...

Next Moves

Linglong He inducted into the Michigan Business Women Hall of Fame

Former NEXT event speaker Linglong He was recently inducted into the Michigan Business Women Hall of Fame. This past January, He was named chief leadership advisor of Rocket Central. With more than 25 years experience in technology and leadership, He is responsible...

Jane Kennedy named SVP of sales & strategy for Mortgage Connect

Jane Kennedy has joined Mortgage Connect LP as senior vice president of sales and strategy for the company’s default division. Kennedy will oversee the progression of key initiatives including enhancing the company’s comprehensive line of default services to meet the...

Elizabeth Green joins Appraisal Logistics as CSO

Elizabeth Green, an industry veteran and collateral valuation expert, has joined Appraisal Logistics as chief strategy officer. Previously, Green served as chief data & product solutions officer for LoanLogics. Before that she was president of Centric...

Mortgage Coach promotes Suzanne Duniphin & David Bowser

Mortgage Coach, a borrower conversion technology provider, has promoted two department directors to vice president-level positions. Suzanne Duniphin was promoted from director of eLearning to VP, customer experience, and David Bowser was promoted from director of...

Kortney Lane-Schafers named regional director of growth at MMI

Mobility Market Intelligence (MMI), a leader in data intelligence and market insight tools for the mortgage and real estate industries, today announced it has hired Kortney Lane-Schafers as a regional director of growth. Lane-Schafers’ responsibilities will include...

Covius appoints several new executives

Covius Holdings, Inc., announced several promotions and new positions within its executive team. John Surface, president and chief operating officer of Covius holdings, will assume the role of chief executive officer of Covius Services. The new title better reflects...

Sarah Crossley joins Buyside as VP of brand strategy

Sarah Crossley has been appointed VP of brand strategy at Buyside, a data analytics and marketing company. Before joining Buyside, Crossley was director of marketing for technology provider FormFree. She originally joined FormFree as a business operations specialist...

Truist promotes Sherry Graziano

Noted mortgage executive Sherry Graziano is continuing her forward career trajectory with her latest promotion at Truist. Graziano was promoted to head of digital banking and contact centers after less than a year and a half as the company's head of digital commerce....

Dalila Ramos selected to grow #NEXTsteps, NEXT’s career offering

Dalila Ramos, host of the popular mortgage industry-centric weekly LinkedIn video series Taco Tuesdays and noted DEI evangelist, has joined forces with NEXT to lead the next stage of growth for #NEXTsteps, NEXT's career offering. In addition to growing visibility and...

Tai Christensen named chair of American Mortgage Diversity Council

CBC Mortgage Agency (CBCMA), a nationally chartered housing finance agency and a leading source of down payment assistance for first-time homebuyers, announced that Tai Christensen, the company's director of government affairs and diversity, equity and inclusion (DEI)...

Jennifer Reel named chief comms officer at FNB

F.N.B. Corporation (NYSE: FNB) and its banking subsidiary, First National Bank, announced that Jennifer M. Reel has been named chief communications officer.  In addition to advising leaders throughout the company, Reel oversees internal, external, executive, crisis,...

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