LOS

The other parts of the Day 1 Certainty program regarding income and asset verifications remain in effect.

Refinances jumped in July in response to a considerable mortgage rate decline from the month prior as homeowners set to lock in lower costs, according to Ellie Mae.

After years of expansion as a public company, Ellie Mae went private and cut 10% of its workforce. But new ways to grow lie ahead, according to CEO Jonathan Corr.

Consolidation is coming in the mortgage industry, but a protracted timetable will continue to constrict industry profits.