Welcome to February 29; The 366th day is added to keep the calendar year synchronized with the astronomical year or seasonal year. What do astronomers know that we don’t? In general, what do “they” know that we don’t? Recall when Wells Fargo left correspondent, and other correspondent investors wondered the same thing. Now Rocket Companies will shut down Rocket Pro Originate in June, a mortgage origination platform for real estate agents and other financial pros. What does Rocket know? (More below). This biz is always changing, and this week I spent some time with Alanna McCargo, President of Ginnie Mae (without Ginnie Mae execution, FHA & VA programs would not be able to scale), and Ginnie is definitely trying to stay ahead of the curve which in turns helps first-time home buyers. (Found here after 8:30AM ET, this week’s podcast is brought to you by nCino, makers of the nCino Mortgage Suite for the modern mortgage lender. nCino Mortgage Suite’s three core products – nCino Mortgage, nCino Incentive Compensation, and nCino Mortgage Analytics – unite the people, systems, and stages of the mortgage process. Hear an interview with nCino’s Tyler Prows on digital transformation and how mortgage technology impacts the way loan officers and origination teams work.) Lender and Broker Services, Products, and Software Introducing the future of servicing: Dara by Sagent. Sagent has officially announced the industry’s first-ever mortgage software platform that unifies all data and user experiences for servicers and homeowners across the entire servicing lifecycle. Dara powers every detail of every mortgage for servicers across six primary areas: Core, Consumer, Default, Data, Movement, AI. This is mortgage servicing done right all in one root system, proactively preventing servicer errors, enabling anytime auditability, and drastically simplifying the mortgage servicing tech stack for the first time in decades — and it’s finally here 🤗. Read the full announcement here.

Published On: February 29, 2024 / Categories: Mortgage News /