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San Diego-based BluPeak is the ninth credit union Black Knight has signed to use its mortgage loan origination system in the last 12 months.

The financial press seems enthralled with the business cycle. Expansion, contraction, rates and stocks up, rates and stocks down. Right now they’re all stumbling over themselves looking for signs of a recession. Recessions, of course, tend to lower rates since the demand for credit drops. European growth projections are poor. No one really knows what is going on in China. In the United States, the Federal Reserve has pushed the Fed Funds rate (the interest rate at which banks and credit unions lend reserve balances to other depository institutions overnight) from near 0 percent to what ...

Here in Louisville, at AgFirst’s Correspondent Lending Conference, much of the discussion involves going after builder business (“focusing on how fast they get paid so they can pay their subs”), rural programs (“know how to communicate with your clients, or else”), top producer success (“treat your processor like royalty, and fill out the information correctly in the first place,” “set boundaries,” “sell yourself, not rates”) and agriculture. In ag news, the amount of butter the U.S. has in cold storage is down 22 per...

The big news in the Chrisman household is my cat Myrtle being offered a big signing bonus by the family next door. Apparently, word of her mousing prowess has spread. Myrtle’s tight-lipped on the details, but I assume it involves line-caught halibut and wild salmon tidbits. When I brought it up, she glared at me as if to say, “Hey, it’s a free market.” At 10, Myrtle’s no spring chicken, and I told her that she’d better think long and hard about it since there seem to be fewer mice around to catch. (Stay tuned!) Lenders are seeing fewer loans to origina...

Borrowers with limited English proficiency are said to be more likely to make it through the complex application process, enabling lenders to close loans faster and boost loan officer production.