Construction loan closing times drop after tech update: Ellie Mae

Pace of new-home sales suggests steady housing strength OTTAWA — The pace of new home starts picked up in May as the housing sector showed surprising strength Monday. improvement in new home construction along with a stronger pace of sales in the.People on the move: Sept. 28

Rate break multifamily healthy Fannie buildings. – Canadian home sales climb in July on Toronto gains Construction loan closing times drop after tech update: Ellie Mae Ellie Mae (NYSE:ELLI), the leading cloud-based platform provider for the mortgage finance industry, announced today that it has launched a new major release of its Encompass digital mortgage solution.

One-Time Close USDA Construction Loan Yet even with a drop in overall annual volume in 2018, Quicker closing times are top of mind for well-performing loan officers.. according to Ellie Mae, but the mortgage industry at a higher level is working on strategies, particularly involving technology, to shrink that figure.

Ellie Mae economists are calling the drop "significant." For just purchase loans, the time to close dropped from 47 days to 45 days last month, according to the report. The drop in average closing times is mostly due to a decrease in the overall refinancing market. "With interest rates on the rise, we’re seeing the purchase market begin.

People on the move: April 14

On-Time Closing Promise for FHA loans – 15 Day Clear to Close on qualifying purchase or refinance loans, or your borrower receives a $500 closing cost credit.*. such as VA loans, USDA loans.

Senate confirms new FEMA administrator Tomorrow morning Congress is expected to confirm the new Federal Emergency Management Agency (FEMA) Administrator, Brock Long, who will serve as the principal advisor on emergency management under President Trump and John F. Kelly, the newly appointed Secretary of the Department of Homeland Security

Ellie Mae: Refinance Activity in October Increases. December 2, 2016 By Chris Hamler. Refinancing activity increased in October, according to Ellie Mae’s recent Origination Insight Report. In fact, refinances across all types have shown a noticeable surge.. – average closing time for all.

Mortgage rates ended last week with a healthy "flight to safety" rally that pushed consumer borrowing costs closer to the lowest levels of 2010. This occurred after an unexpected. value at 80% or.

Canadian home sales climb in July on Toronto gains Construction loan closing times drop after tech update: Ellie Mae Ellie Mae (NYSE:ELLI), the leading cloud-based platform provider for the mortgage finance industry, announced today that it has launched a new major release of its Encompass digital mortgage solution.

Ellie Mae’s technology solutions enable lenders to originate more loans, lower origination costs, and reduce the time to close, all while ensuring the highest levels of compliance, quality, and.

Uniform Closing Dataset (UCD). Fannie Mae and Freddie Mac have reduced the requirements for the Seller Information as part of the Uniform Closing Dataset (UCD).. Multiple updates are being made to the UCD collection solution beginning May 25, including a new user interface, updates to the.