Sun.Oct 27, 2024

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Is technology the problem, not the solution, in the mortgage industry?

Housing Wire

The mortgage industry has long been promised a technological revolution to streamline workflows, reduce operational costs, and enhance efficiency. Yet, despite significant investments in new technologies, the cost to originate loans has dramatically increased. Companies still grapple with cyclical hiring and firing, and the anticipated return on investment (ROI) from technology implementations still needs to be discovered.

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Tech Bytes: MetroList adds voice-powered listing management + more news

Real Estate News

Conversational add/edit feature hailed as an MLS first; RateMyAgent to acquire Curated Social; Final Offer expands in the Northeast; Relevate inks partnerships.

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Majority of mortgage lenders likely turned a profit in Q3

Housing Wire

The positive trend lines that saw nearly 80% of mortgage lenders turn a profit in the second quarter likely continued through the third quarter, according to Marina Walsh , the Mortgage Bankers Association ‘s vice president of industry analysis. Though the survey on industry performance report for the third quarter has not yet been published, Walsh told the crowd at MBA Annual in Denver on Sunday night that industry production and the expense management moves enacted in Q2 remained consist

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Mortgage market should improve to $2.3 trillion(!) in 2025, MBA says

Housing Wire

The most challenging period for the mortgage industry appears to be in the rearview mirror, as the Mortgage Bankers Association (MBA) forecasts $2.3 trillion in origination volume for 2025—representing a robust 28.5% growth over 2024. “We are in a much better place now than a year ago. Let’s keep that in mind when we look at this data. Looking at the originations forecast, the trajectory is up,” Marina Walsh, vice president of industry analysis, said at the MBA 2024 Annual Convention &

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Unlock The Blueprint: How To Construct A Better Payment Workflow

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.