The three executives hired by CrossCountry previously held similar positions at PennyMac.

Among LOs that knowingly use AI, the most cited use was for marketing efforts.

While agency MBS issuance surged in October, some of the top sellers posted declines in volume compared with September.

At some shops, mortgage bankers are trying to do more with less, aided by technology.

One addresses foreclosures in states with a nonjudicial foreclosure process and the other would modify requirements for direct endorsement underwriters.

Using outsourcing providers can help lenders avoid the hiring cycle that accompanies originations booms and busts.

Mr. Cooper group has reduced its servicing staff and is adding to its originations unit.

Applications for refis declined by 26% last week.

Wells originated $5.5 billion of mortgages through the retail channel in the third quarter of 2024, down 14.1% from the third quarter of 2023.

Residential funders employed 184,000 full-timers at the end of August, down 12,600 from August 2023.