Mortgage application volume increased 9.1 percent last week compared to the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association.

On an unadjusted basis, the index rose 10.4 percent, but was down 52.3 percent compared with the same week a year ago.

Much of the decline compared to the previous year pertained to refinances. The unadjusted purchases index increased 9.8 percent compared to the previous week and was down 19.1 percent from a year ago.

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Fiserv Inc., a provider of financial services technology solutions, has announced the availability of its new Aperio Lending solution. Aperio Lending from Fiserv is an integrated, thin client loan origination platform for secured and unsecured loans, such as mortgage and home equity loans, car loans, education loans and staff loans. The solution is available for organizations located in Europe, Asia-Pacific and Latin America.

“Aperio Lending comes at exactly the right time for financial institutions concerned about consistency, process and control in lending,” said Nick Wilde, managing director, Asia-Pacific, Bank Solutions, Fiserv. “Aperio Lending simplifies and streamlines any complex loan origination process and provides integration with the front office, back office and external service providers. With a single, real-time view of the customer, Fiserv clients using Aperio Lending can improve their decisioning, enter the market faster with new products and deliver a more responsive service to their customers. In addition, the solution?s best-in-class business process, automated workflow and exception management provide better risk management and mitigation capabilities.”

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I have realized that since lately it harder to get a mortgage these days. I wonder if it is due to the financial crisis in the US at the moment. Here are a very interesting article regarding the mortgage crisis with questions and answers.

Is it harder to get a mortgage these days?
The short answer is yes! If your credit is beat up, you’re buying a beat up house, you’ve got too much debt, no down payment, or you can’t prove your income it’s tough to get a mortgage. Otherwise, it’s easy!

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