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HomeLOS

LOS

LOS
Housing

Why your LOS isn’t delivering a bespoke borrower experience (and what to do about it)

November 13, 2023 Allen Santos Comments Off on Why your LOS isn’t delivering a bespoke borrower experience (and what to do about it)

In the world of mortgage lending, there’s an all-too-common sentiment that echoes through the industry: “My loan origination system (LOS) sucks.” Regardless of the specific LOS in use, this feeling seems pervasive among lenders, and […]

Housing Wire

What LOs need to know about using ChatGPT

March 16, 2023 Mark Paul Cervantes Comments Off on What LOs need to know about using ChatGPT

You’ve likely heard of ChatGPT and the online discussions surrounding its use. The AI-powered language tool has been sparking conversations about where and how it can be used to make work more efficient, and the […]

Housing Wire

How LOs can leverage their sphere of influence

February 10, 2023 Allen Santos Comments Off on How LOs can leverage their sphere of influence

The 2023 market is unlike those we’ve seen in previous years. We’re coming off of back-to-back years where mortgage rates were in the 2s and 3s, and they’re now in the 6s. In a market […]

Mortgage
Housing Wire

Snapdocs completes integration with Mortgage Cadence LOS

February 8, 2023 Mariel Alumit Comments Off on Snapdocs completes integration with Mortgage Cadence LOS

Digital closing platform Snapdocs announced on Tuesday that it has completed its integration with Mortgage Cadence, a cloud-based digital lending platform. This integration will enable lenders to finalize closing documents using Snapdocs within Mortgage Cadence’s […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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