Finance
Class Valuation verified by Fannie Mae and Freddie Mac to support new Uniform Property Data Report specification
TROY, Mich. — Class Valuation, a leading real estate appraisal management company (AMC), has been verified by Fannie Mae® and Freddie Mac (the government-sponsored enterprises, or GSEs) to support the Uniform Property Data Report (UPDR) specification under Uniform Property Dataset (UPD) Version 1.0. Use of the UPDR is mandatory for mortgages with applications received on or after June 30, 2026….
Dovenmuehle’s Amber Cowan named a Mortgage Stars honoree by Mortgage Women Magazine
LAKE ZURICH, Ill. — Dovenmuehle Mortgage, Inc. (DMI), a leading mortgage subservicing company, announced today that Amber Cowan, first vice president of Default Operations, has been named a Mortgage Stars honoree by Mortgage Women Magazine. The program recognizes women making significant contributions to the mortgage industry through innovation, leadership and impact on colleagues and clients….
Optimal Blue report: Mortgage demand strengthens as purchase activity and pull-through rebound
PLANO, Texas — Optimal Blue today released its June 2026 Market Advantage mortgage data report, which found that mortgage activity strengthened month over month (MoM), with purchase lock volume climbing to its highest level since early spring and pull-through rates rebounding across both purchase and refinance pipelines. Total rate-lock volume rose 10% MoM and 15% year over year (YoY)….
The Mortgage Collaborative launches TMC Healthcare Cooperative to give lender members and preferred partners control over rising healthcare costs
SAN DIEGO, Calif. — The Mortgage Collaborative (TMC), the nation’s largest independent cooperative network for mortgage lenders, has launched the TMC Healthcare Cooperative, a self-funded medical program open to all TMC lender members and preferred partners. Developed in partnership with CCIG, a Colorado-based employee benefits firm, the program gives vendors, community banks, credit unions and independent mortgage bankers a way to fund their own health claims as a group….
LodeStar report shows nominal year-over-year decline in national average mortgage closing costs
CONSHOHOCKEN, Pa. — LodeStar Software Solutions (LodeStar), the leading provider of mortgage closing cost and fee data, today announced the release of its Year-Over-Year Mortgage Closing Cost Report covering 2024 versus 2025. The report analyzes distinct mortgage quotes across all 50 states and the District of Columbia (D.C.), drawn from the company’s closing cost calculator platform….
Dovenmuehle names Ann Morey its head of product
LAKE ZURICH, Ill. — Dovenmuehle Mortgage, Inc. (DMI), a leading mortgage subservicing company, announced today that Ann Morey has been named Head of Product. In this role, Morey will lead DMI’s product management function, which includes establishing strategic product vision, driving outcome-oriented roadmaps that address stakeholder expectations, increasing internal cross-functional alignment and building agile, high-performing teams….
Friday Harbor and NewFed Mortgage honored with PROGRESS in Lending’s 2026 Connections Award
SEATTLE, Wash. — Friday Harbor, an AI pre-underwriting platform that helps loan officers assemble complete and compliant loan files in real time, has been named a recipient of PROGRESS in Lending’s 2026 Connections Award alongside NewFed Mortgage Corp. (NewFed), a full-service residential mortgage lender operating in more than 20 states. The recognition honors a partnership that allowed NewFed to grow production without the hiring cycles and overhead that typically accompany scale….
DocMagic and Truliant Federal Credit Union earn PROGRESS in Lending’s 2026 Connections Award for industry-first eHELOC milestone
TORRANCE, Calif. — DocMagic® was honored today with PROGRESS in Lending’s 2026 Connections Award alongside Truliant Federal Credit Union, a North Carolina-based credit union serving more than 300,000 members. The recognition honors a yearslong partnership that culminated in the mortgage industry’s first electronic home equity line of credit (eHELOC) registered with the MERS® eRegistry….
Franklin Madison Welcomes Matt Bishop as Chief Growth and Strategy Officer
BRENTWOOD, Tenn. — Franklin Madison is excited to announce the addition of Matt Bishop as Chief Growth & Strategy Officer. With more than 20 years of experience in the insurance and financial services industries, Matt brings a proven ability to scale organizations and deliver impactful results to the executive leadership team….
Click n’ Close names Merv Govender chief information officer
ADDISON, Texas — Click n’ Close, a multi-state mortgage lender, today announced the appointment of Merv Govender as chief information officer (CIO). Govender brings more than 27 years of technology leadership across the banking, gaming and healthcare industries. As CIO, he will lead Click n’ Close’s technology development and deployment strategy….