TMC BENCHMARK FEBRUARY DATA: Numbers ARE IMPROVING Across the BoarD!
TMC lender members saw relief this month as applications, production, efficiency, and salaries all spiked upward. Additionally, the network saw fees, costs per closed loan and app to clear to close all average downward. Closed loan units increased by 23% in February when compared to the month prior. Within that, lenders saw closed purchase loans increase […]
HOUSINGWIRE’S 2023 TECH100 LIST IN REAL ESTATE & MORTGAGE HIGHLIGHTS 17 TMC PREFERRED PARTNER COMPANIES
HousingWire just announced their 2023 TECH100 List which highlights innovative Real Estate and Mortgage companies from this year. For the 11th year in a row, HousingWire features multiple corporations that are bringing revolutionary technology to improve our industry and its operations. Whether it’s automating tasks or changing a step in the loan origination process, we are lucky to […]
Preferred Partner Headlines: Week of March 27th
Top HeadlinesLykken on Lending 3/22/23 Podcast features TMCU & TMC’s Stacie Weider Highlighting TMC’s New Educational PlatformBloomberg: How M&T Bank Avoided Long-Dated Mortgage Securities Since the Math Didn’t WorkBlack Knight: Bank Failure Drama – Actions You Can Take to Mitigate Risk iEmergent: LMCU Case Study – Lake Michigan Credit Union Boosts Originations, Grows Referral Network & […]
Preferred Partner Headlines: Week of March 20th
Top HeadlinesICYMI: Pending FTC Approval, Black Knight & ICE Announce Agreement to Sell Empower LOS to Constellation Mortgage Solutions Fannie Mae Updates Selling Guide to ‘Modernize’ Appraisal OptionsTotal Expert Named to Inc. 5000’s Fastest Growing Midwest Companies for 4th Consecutive YearPHOENIX Market Snapshot – January 2023Optimal Blue, a division of Black Knight: Weekly Market Update – 3/15/23Download […]
TMC BENCHMARK JANUARY DATA: Applications Rise 19% in January Month-Over-Month
TMC lender members saw a welcomed increase in applications to start off 2023. Alternatively, the network saw closed loan production drop fairly significantly compared to last month. New applications increased by 19% in January from the previous month as rates dipped down during the month, pushing home purchasers off the fence. Conventional loans remained flat at 65% of new […]
Preferred Partner Headlines: Week of February 27th
Top HeadlinesCase Study: SimpleNexus Cuts Nations Lending’s Compensation Processing Time by 85%Inman: Clever Offers Its Own Take on the Lead-Referral ModelFannie Mae: Economic Tailwinds May Mask Mortgage Challenges AheadOptimal Blue, a division of Black Knight: Weekly Market Update – 2/22/23 Thought LeadershipMaxwell Co-Founder & CTO, Rutul Dave: 5 Things To Know About the Hispanic American […]
Preferred Partner Headlines: Week of February 20th
Top HeadlinesCertified Credit: Medical Debt Collection Update – Effective 3/30/23iEmergent – Lake Michigan Credit Union Case StudyCandor Case Study: Hallmark Home Mortgage Mitigates Rising Origination Costs with Candor LESICYMI: Sales Boomerang & Mortgage Coach Rebrand as TrustEngine, Launch Borrower Intelligence PlatformOptimal Blue, a division of Black Knight: Weekly Market Update – 2/15/23Black Knight Originations Market […]
Preferred Partner Headlines: Week of February 13th
Top HeadlinesBlack Knight Reveals 57% of Recent Borrowers Used Rate Buydowns Arch MI Capital Commentary featuring Kirk Willison: Housing Policymakers to WatchFinLocker Integrates With Total Expert To Power Entire Homeownership JourneySnapdocs Integrates with Leading LOS to Power Seamless Digital ClosingsOptimal Blue, a division of Black Knight: Weekly Market Update – 2/8/23Meet the Most Essential Addition to […]
Preferred Partner Headlines: Week of February 6th
Top HeadlinesPHOENIX Market Snapshot: December 2022Optimal Blue, a division of Black Knight: Weekly Market Update – 2/1/23Getting Near Real-Time Purchase Data Through API Integration – Vice Capital Markets Thought LeadershipDenim Social CEO, Doug Wilber: 3 Strategies to Improve Banks’ Digital Marketing Compliance ProcessesCurinos Perspective: Fed Plateau Possibly on the Horizon – What To Know?Black Knight […]
TMC BENCHMARK DECEMBER DATA: Production and Cost Per Closed Loan Increase, While New Applications STAY STEADY.
December rounded out 2022 with a continued downturn in applications. However, TMC’s lender members sawproduction go up and salaries and fees stay flat. Unfortunately cost per closed loans went back up in December, while efficiencydecreasedslightlyas we head into the new year. Closed loan units increased 3% in December when compared to the month prior. Within […]