EXEC SPOTLIGHT

Who’s NEXT? Get to know some of the executives in the NEXT community.

BofA makes staff cuts in banking and lending

Bank of America is cutting its banking and lending divisions, the result of rising interest rates and their impact on its business. It has reportedly instructed executives to stop hiring to save money and get ready for a possible economic recession…

Fannie Mae adjusts recession forecast from Q2 to H2 2023

Fannie Mae now anticipates a recession to start in the second half of this year, not the second quarter. Stronger-than-expected economic data prompted the GSE’s Economic and Strategic Research (ESR) Group to revise its Q1 2023 GDP forecast…

More Americans report trouble paying their bills

According to the Census Bureau, 36% of consumers found it difficult to pay their usual bills in the last seven days. This marks a 25% increase compared to one year ago, and is higher than even in the early months of the pandemic…

Freddie Mac: Interest rates fall to 6.42%

The 30-year fixed rate fell to an average weekly rate of 6.42%. That’s a drop from last week, when it averaged 6.60%, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS).

MBA: Mortgage apps increase 3% from week before

Week over week, the Refinance Index increased by 5%, and the seasonally adjusted Purchase Index increased by 2%. But the numbers are down on a year-over-year basis. The Purchase Index was 36% lower than the same week one year ago…

Fed raises rate a quarter-point in effort to curb inflation

In an effort to further curb inflation, the Federal Reserve has increased interest rates by a quarter percentage point, to a range of 4.75% to 5%. This is the highest it has been since September 2007. In March 2022, it was near zero…

Typical down payment falls 10% as market continues to cool

The typical U.S. homebuyer’s down payment fell to $42,375 in January. That’s a 10% year-over-year drop, and the lowest level in almost two years. The median down payment was down 35% from its peak in June, but still up over 30%…

NEXT Voices

NextGen Influence & Pivotal Moments

Video conversations with executive leaders and mortgage social media influencers.

BofA makes staff cuts in banking and lending

Bank of America is cutting its banking and lending divisions, the result of rising interest rates and their impact on its business. It has reportedly instructed executives to stop hiring to save money and get ready for a possible economic recession…

Fannie Mae adjusts recession forecast from Q2 to H2 2023

Fannie Mae now anticipates a recession to start in the second half of this year, not the second quarter. Stronger-than-expected economic data prompted the GSE’s Economic and Strategic Research (ESR) Group to revise its Q1 2023 GDP forecast…

More Americans report trouble paying their bills

According to the Census Bureau, 36% of consumers found it difficult to pay their usual bills in the last seven days. This marks a 25% increase compared to one year ago, and is higher than even in the early months of the pandemic…

Freddie Mac: Interest rates fall to 6.42%

The 30-year fixed rate fell to an average weekly rate of 6.42%. That’s a drop from last week, when it averaged 6.60%, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS).

MBA: Mortgage apps increase 3% from week before

Week over week, the Refinance Index increased by 5%, and the seasonally adjusted Purchase Index increased by 2%. But the numbers are down on a year-over-year basis. The Purchase Index was 36% lower than the same week one year ago…

Fed raises rate a quarter-point in effort to curb inflation

In an effort to further curb inflation, the Federal Reserve has increased interest rates by a quarter percentage point, to a range of 4.75% to 5%. This is the highest it has been since September 2007. In March 2022, it was near zero…

Typical down payment falls 10% as market continues to cool

The typical U.S. homebuyer’s down payment fell to $42,375 in January. That’s a 10% year-over-year drop, and the lowest level in almost two years. The median down payment was down 35% from its peak in June, but still up over 30%…

Get Intel Daily

#MortgageTechBits

WFG enhances DecisionPoint® Instant Title Solution

WFG National Title Insurance Company's Lender Services division has added Rapid Legal & Vesting services to its DecisionPoint® Instant Title Solution suite. This new offering complements the company's existing national title and closing services offered through...

Fairway Independent partners with XINNIX

Fairway Independent Mortgage Corp. and XINNIX, a leadership and sales performance company, have announced that they're partnering. Fairway and its training branch, Fairway Ignite, will offer sales team members the opportunity to participate in XINNIX training at a...

Extraco Banks Selects Black Knight’s Empower LOS, to Drive Growth

Central Texas-based Extraco Banks has chosen Black Knight's Empower loan origination system and Surefire CRM to improve customer experience and create loyal customers. Extraco Banks is using the Empower loan origination system (LOS) from Black Knight to support its...

Frontwave Credit Union selects Black Knight’s Empower

Black Knight, Inc. announced that Frontwave Credit Union has signed a contract to implement the Empower loan origination system and several integrated solutions to support its expanding mortgage operations. The credit union will also use the Surefire customer...

Daily AI rebrands to Aidium, launches new CRM

Daily AI, a mortgage CRM company, has rebranded to Aidium Mortgage CRM and launched a new CRM product. Brands previously acquired by Daily AI, Whiteboard CRM and Recruitable.ai, will also be part of the Aidium portfolio. Aidium has made big changes to its mortgage CRM...

MMI launches Mortgage Industry Benchmarks report

Data intelligence firm Mobility Market Intelligence (MMI) announced the launch of the Mortgage Industry Benchmarks report, a monthly newsletter compiling lender and loan officer (LO) production data and trends to facilitate peer-to-peer comparison.  The report...

LoanCare will implement Black Knight Loss Mitigation solution

Mortgage subservicing firm LoanCare will implement the Black Knight Loss Mitigation solution to support payment assistance programs, Black Knight announced.  LoanCare also renewed its contract to continue using MSP, Black Knight's loan servicing...

Next Moves

Cindy Snow joins Core10

Cindy Snow has been appointed VP of customer success for Core10, provider of Accrue, a digital lending and banking platform. Before joining the company, Snow was fintech client strategy consultant for MX, and prior to that position, she was COO for FormFree, a company...

Kelly Yale joins Neo Home Loans

Mortgage industry veteran Kelly Yale has been appointed to the role of director of innovation & divisional VP for Neo Home Loans, a division of Luminate Home Loans, Inc. Yale was chief marketing officer for Intent Modern Mortgage Martech for nearly five years,...

Angela Strickler joins BVS Performance Solutions

Angela Strickler has been appointed to the role of regional vice president of sales for BVS Performance Solutions. She was previously senior sales account executive at Maxwell. Strickler brings decades of experience in the mortgage and housing industries, with...

Nicole Booth named CEO of QC Ally

Nicole Booth has been appointed to the role of CEO at QC Ally. She was previously the company's chief marketing officer. Booth brings extensive executive-level experience to her role. Her career includes roughly eight years with Quicken Loans/Rocket Mortgage, and Rock...

Nicole Mattiello joins TransUnion

Nicole Mattiello has been appointed to the role of client executive at TransUnion. Before joining the company she was VP, marketing & corporate communications at Certified Credit. During her two and a half year tenure with Certified Credit, Mattiello worked to...

Marianne Sullivan named COO of Sagent Technologies

Marianne Sullivan has been appointed to the role of chief operating officer at Sagent Technologies. Sullivan comes to Sagent from Fannie Mae, where she was SVP Single-Family Business Solutions. She had joined Fannie Mae in 2007 and had joined Sagent’s board in...

Emily Ela joins ProxyPics

Emily Ela has been appointed to the role of SVP, enterprise sales at ProxyPics, an on-demand photography system that provides location-specific real estate media and data from a network of over 65,000 gig economy workers. Ela has been in the mortgage industry for over...

Lisa Lang named head of Capital Bank Home Loans

Lisa Lang has been appointed to the position of head of Capital Bank Home Loans. Before taking this role, she was senior vice president of mortgage operations at Capital Bank, a position she held for over three years. Lang has extensive executive level experience in...

Laurie Sullivan joins OneTrust Home Loans

Laurie Sullivan has been named chief compliance officer for OneTrust Home Loans, a privately-owned direct mortgage lender and servicer. She comes to her new role after over four years as chief compliance officer at First Guaranty Mortgage Corporation. Sullivan brings...

NEXT, connecting women in the mortgage industry to grow and advance their leadership and careers.

Stay in the know

Get the daily intel that impacts your customers, employees and market. 

Up NEXT eNewsletter — Industry news

Thank you!

Share This