Freddie Mac Multifamily has launched an integrated conventional small lending product for loans under $10 million. The new offering aims to align small loans with the company’s core conventional platform and equip lenders with a streamlined fixed-rate product.
National retail lender loanDepot has partnered with Figure Technology Solutions to launch the 5×5 HomeLoan. The digital mortgage product aims to deliver loan approvals in five minutes and funding within five days by utilizing Figure’s proprietary underwriting engine. The offering is available across all 50 U.S. states for home purchases, refinances and equity lines without requiring an appraisal or standard closing costs.
Newrez has launched the Medical Professional Home Loan, a mortgage product designed to help early-career health care professionals achieve homeownership. The product aims to reduce upfront costs by offering 100% financing with no traditional private mortgage insurance, alongside flexible student loan debt-to-income treatment and qualification based on projected earnings.
OptifiNow has integrated its wholesale mortgage customer relationship management platform with PhoneBurner’s power dialer system. The integration aims to streamline high-volume outbound calling for lenders by allowing sales teams to push contact lists directly into PhoneBurner and automatically sync calls back into the CRM software.
Evergreen Home Loans has selected Dara by Sargent as its new end-to-end mortgage servicing platform. The integration of the cloud-based platform will allow Evergreen to streamline its servicing operations by combining core servicing, default management and loan transfers into a single platform.
Class Valuation has acquired Lauritano Appraisal Services, a New York-based residential appraisal firm. The acquisition aims to expand Class Valuation’s presence in the Northeast and strengthen its regional expertise in luxury and complex properties.
AD Mortgage announced the launch of a $424.1 million securitization backed by 945 recently originated mortgages, with Florida loans reduced to 23% of the pool following the company’s expanded national sourcing. The transaction, which has an expected close date of April 21, includes a mix of qualified mortgage and non-QM loans, most underwritten with alternative documentation, with a 750 average credit score and a 69.8% average loan‑to‑value ratio.
CME Group announced it will launch options on Eris secured overnight financing rate (SOFR) swap futures on June 16, subject to regulatory review. The derivatives marketplace noted that the addition of options on two-year, five-year and 10-year Eris SOFR swap futures is designed to support hedging strategies, such as managing nonlinear risk in mortgage-backed portfolios.
