Mortgage News

• Broker? Sick of Your LOS? Check This OUT.

  With the new URLA there is a lot of buzz right now on social media with mortgage brokers complaining about their LOS. The new PreApp1003, which is now branded as Broker+ is the most superior mobile friendly POS, LOS and CRM all in one package you’ve ever seen. This product is a game changer for […]

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• Housing Gettin’ Some Money – Will We See It?

  There’s some money coming to the housing industry, but will it really have any impact? You decide. Let us know in the comments. Also, did you know that, like, very few homeowners know anything about home maintenance? Could that be a marketing angle? Survey says: ?? Loan Officers. Start pursuing these 3 verticals NOW. Renovation […]

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• Home Price Appreciation Broke an 8-Year Record in January

  CoreLogic says home prices in January were 10 percent higher than a year earlier. It was the first double digit increase in the company's Home Price Index (HPI) since November 2013. The company had reported a 9.2 percent annual increase in December. The month-over-month increase in home prices nationwide, including distressed sales, was 0.9 percent. Frank Martell, President and CEO of CoreLogic said, "Record-low mortgage rates were a significant driving force behind last year's rebound in housing market activity. However, heavy competition for the few houses on the market drove home prices to historic highs, and mortgage rates are no longer enough to sway the affordability challenges for consumers. While new construction may help balance home prices towards the end of 2021, we may expect to see demand slow in the medium-term."