Housing Wire

DECEMBER 15, 2021

According to Ledn, if Bitcoin prices drop, the client needs to deposit more collateral or pay down some of the principal. Some banks, lenders, and fintechs are testing the technology, but the lack of regulatory clarity and fears of volatility have kept these currencies from becoming fully integrated into products and services. .

Mortgages 421

Mortgages Lending Banks Investor 421

Housing Wire

JUNE 28, 2023

“Once data is identified, the system can then run a series of automated comparison checks or rules,” Jennifer Fortier , principal at Stratmor, said. Automated comparison checks can help solve one of the biggest issues in mortgage banking: a lack of trust in data provided by borrowers and lenders.

Industrial 369

Industrial Mortgages Principal Loans 369

Housing Wire

AUGUST 26, 2022

HousingWire recently spoke with Lee Smith and John Gibson at Flagstar Bank about what originators can do to align their mortgage products and services with the ebb and flow of the housing market and what Flagstar is doing to help clients remain at the top of their game during this turbulent time. Lee Smith: Definitely.

Mortgages 355

Mortgages VA loan Loans Technology 355

Housing Wire

FEBRUARY 14, 2024

Servicing software APIs simplify in-house servicing Digital technologies can help lenders reduce errors, costs, and processing times, delivering better service. Analysts in the mortgage industry are projecting that 2024 will be a better year than 2023 across the board. According to J.D. Power’s 2023 U.S.

Investor 345

Investor Loans Mortgages Principal 345

Housing Wire

JANUARY 5, 2022

So is the 24-month refinance market, the biggest of its kind in all of mortgage banking history. Think technology and service providers, too — a smaller mortgage market affects everyone. Only people, NOT TECHNOLOGY — can fill the knowledge gap. Dan Green is Principal at The BlackFin Group. All good things must end.

Industrial 450

Industrial Mortgages Principal Technology 450

Housing Wire

MAY 6, 2022

The firm’s earnings were driven by its servicing portfolio and about $520 billion in unpaid principal balance, said David Spector, chairman and chief executive officer of PennyMac in an earnings call. billion in unpaid principal balance, down 36% from the previous quarter and 32% from the first quarter of 2021. million, down from $106.5

Principal 350

Principal Loans Technology Mortgages 350

Housing Wire

MAY 31, 2021

He formerly served as senior counsel for the Senate Committee on Banking, Housing, and Urban Affairs, and currently, he serves as senior counsel for the U.S. Senate Finance Committee. This content is exclusively for HW+ members. Start an HW+ Membership now for less than $1 per day.

Principal 334

Principal Banks Finance Mortgages 334

Realty Biz

JULY 1, 2022

NYSE: COMP), a leading technology-enabled residential real estate brokerage, today announced the appointment of Dawanna Williams to its board of directors effective July 1, 2022. Williams currently serves as Founder and Managing Principal of Dabar Development Partners. Compass, Inc. She holds an A.B. from Smith College, an M.P.A.

Principal 86

Principal Development Brokerage Residential 86

Housing Wire

APRIL 27, 2023

Servicing “is a critically important asset and has driven much of the success that we have enjoyed in mortgage banking,” David Spector, chairman and CEO, said in a recorded earnings message. billion in unpaid principal balance (UPB) as of March 31, up 2% from December 31. . million in Q1 2023, down from $37.6

Principal 364

Principal Banks Loans Mortgages 364

Housing Wire

MARCH 25, 2022

In Roseville, where the company has a consumer-direct business and information technology organization, Pennymac will eliminate 81 positions. billion in unpaid principal balance in 2021, up 19% from 2020, its latest earnings report showed. These layoffs were first reported in the Sacramento Business Journal. in 2021, compared to 2.3%

Lending 384

Lending Principal Loans Banks 384

Housing Wire

MARCH 1, 2023

The Federal Housing Finance Agency (FHFA) issued a request for information in January 2021 focused on Climate and Natural Disaster Risk Management at Fannie Mae , Freddie Mac, and the Federal Home Loan Banks. For decades, the housing industry has viewed climate risk as a fairly straightforward issue. You build the home to code.

Industrial 369

Industrial Banks Loans Design 369

Housing Wire

JANUARY 26, 2022

Lenders across the board felt that they got truly high ROI from these solutions,” said Sam Ryder, principal at LLR Partners. ” The two companies’ technology solutions are already tightly integrated and the relationship between their executives was a bonus to LLR Partners, Ryder said.

Investor 309

Investor Sales Mortgages Loan Officer 309

Housing Wire

MAY 23, 2022

million in the first quarter this year, driven by its servicing portfolio and about $520 billion in unpaid principal balance. In the first-quarter earnings call with analysts, Jones said he expected the company to grow market share in that channel as it leverages “servicing portfolio, new technology and advanced data analytics capabilitie.”.

Loan Officer 397

Loan Officer Loans Principal Mortgages 397

Housing Wire

FEBRUARY 10, 2023

trillion in unpaid principal balance (UPB) that needs to be sold in the market. “There’s no mystery about the reason for consolidation pressure is the critical need for scale, technology, operational skills and efficiency.” Mr. Cooper expects a cycle-wide opportunity for MSR acquisitions this year. ”

Principal 312

Principal Mortgages Lending Equity 312

Housing Wire

AUGUST 14, 2020

Ivanoski has 17 years of experience in the financial services industry, including time at State Street Corporation and Santander Bank. A former Quicken Loans executive, Booth has over 15 years of experience working in state and federal government bodies, focusing on transforming the mortgage industry through technology.

Lending 283

Lending Principal Industrial Development 283

Housing Wire

JULY 22, 2022

Just weeks later, a leaked text message from Flagstar Bank provided an inside look at how dire the current climate is for many non-QM lenders. The bank calls out 16 non-QM lenders in the text message, indicating it is ramping up scrutiny of its loan reviews, prior to advancing warehouse funding.

Lending 378

Lending Banks Bankruptcy Loans 378

Housing Wire

NOVEMBER 17, 2022

According to Bosley, the top 20 or 25 issuers control most of Ginnie Mae’s servicing, and banks are already not excited about servicing these loans. . ” A multiple is a measure of the price of an MSR loan pool, which is expressed as a percentage of the unpaid principal balance divided by the servicing fee. Who is number 13?”

Marketing 395

Marketing Lending Loans Principal 395

Housing Wire

FEBRUARY 3, 2022

David Spector, Pennymac’s chairman and CEO, said that the results in the fourth quarter reflect a balanced mortgage banking model, “with pretax income from our servicing business exceeding that from our production business.”. In the direct lending channel, origination volume was $59.8 billion, a year-over-year increase of 68%.

Lending 270

Lending Principal Loans Technology 270

Housing Wire

JANUARY 13, 2021

As part of its Flood Services business, CoreLogic completes flood zone determinations for banks and mortgage companies to support their compliance with the mandatory purchase requirements. Since the CARES Act was signed into law, homeowners across the U.S. have taken advantage of its mortgage relief provisions. Initial challenges.

Mortgages 448

Mortgages Investor Loans Technology 448

Housing Wire

FEBRUARY 14, 2023

Once the decision is made to retain servicing, the institution must then provide staff, technology and processes based on best practices. When rising interest rates and plummeting affordability decimate loan applications, it’s even more difficult. With higher interest rates, refi competition is much less of a problem.

Loans 349

Loans Investor Mortgages Principal 349

Norada Real Estate

MAY 30, 2024

This program is a testament to UWM's commitment to supporting independent mortgage brokers with industry-leading training, technology, and service. The Community Affordable Loan Solution is a program designed to provide a bank-provided down payment and cover closing costs for eligible buyers.

Mortgages 52

Mortgages Equity Banks Loans 52

RIS Media

MARCH 3, 2022

With a background that includes key tech roles at UPS, AT&T, and most recently as the engineering leader at Alexa AI and AWS AI at Amazon, Venkatesh Baglodi will use that experience to help the rapidly growing PropTech startup zavvie as its new chief technology officer. “There are more than 100,000 real estate brokers in the U.S.

Technology 98

Technology Brokerage Principal Industrial 98

Norada Real Estate

MAY 30, 2024

This program is a testament to UWM's commitment to supporting independent mortgage brokers with industry-leading training, technology, and service. The Community Affordable Loan Solution is a program designed to provide a bank-provided down payment and cover closing costs for eligible buyers.

Equity 52

Equity Banks Loans Mortgages 52

Housing Wire

NOVEMBER 16, 2022

But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Still, consolidation is clearly underway in the mortgage banking industry already. By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 trillion to $1.7

Banks 409

Banks Mortgages Loan Officer Due diligence 409

Housing Wire

JUNE 15, 2022

trillion market, but now, just given the spike in rates, it’s going to be lower than that,” said Mike Fratantoni, Mortgage Bankers Association’s chief economist and senior vice president of research and industry technology. “What is the impact for the lender side? trillion in 2022 and $2.3 trillion in 2023.

Mortgages 384

Mortgages Loans Investor Equity 384

Housing Wire

SEPTEMBER 10, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. Register for the FinLedger Daily Newsletter. When something is seamlessly designed into the experience, you’re more likely to use it,” he said.

Title 252

Title Branding Principal Loans 252

Housing Wire

MAY 23, 2022

These include expected prepayment rates, expectations of net supply to the market, and drivers of net demand from different investors including banks, Fannie Mae and Freddie Mac (the GSEs), asset managers, global investors, and in recent times, the Federal Reserve. Lenders are essentially price-takers in this market.

Loans 396

Loans Mortgages Investor Industrial 396

Realty Biz

APRIL 4, 2023

Thayne Houston, Principal Broker, ERA Brokers Consolidated, St. Jim Napier, President and Principal Broker, Napier Realtors ERA, Richmond, Va., The ERA Hall of Fame Class of 2022 includes: Joanne Breen, Broker/Owner, ERA Sargis-Breen Real Estate Co., Newington, Conn., joined the ERA network in 1979. The late H. Newington, Conn.

Principal 87

Principal Branding Brokerage Industrial 87

McKissock

FEBRUARY 13, 2023

He is the principal expert for all matters related to residential property appraisals and valuation solutions at Veros. He has held appraisal leadership roles in various large financial institutions including Bank of America and Citigroup. What’s going on with the VA? Join us on Wednesday, February 22, 2023, to find out! Sign up now.

VA loan 85

VA loan Principal Development Title 85

Housing Wire

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? A significant opportunity To be sure, there are title agencies eager to partner with CRE principals and funds. CRE firms are also suffering through the highest interest rates seen in years.

Commercial 401

Commercial Brokerage Due diligence Title 401

McKissock

FEBRUARY 13, 2023

He is the principal expert for all matters related to residential property appraisals and valuation solutions at Veros. He has held appraisal leadership roles in various large financial institutions including Bank of America and Citigroup. What’s going on with the VA? Join us on Wednesday, February 22, 2023, to find out!

VA loan 52

VA loan Principal Development Title 52

Housing Wire

APRIL 24, 2024

Thanks to our strategic emphasis on technology, including years of investment in AI and the cloud, Mr. Cooper is well positioned to provide our customers with world-class service, operate as a trusted counterparty for our industry stakeholders, and grow and sustain investor returns.” billion in unpaid principal balance (UPB).

Equity 325

Equity Lending Principal Technology 325

RIS Media

SEPTEMBER 21, 2021

She brings a mix of investment banking and a legal background into her work in real estate. Originally from Atlanta, Georgia, Jackson earned degrees in Information System Technology and Psychology and was accepted to flight school as an Army helicopter pilot. District: Greater Albuquerque, New Mexico. Wendy Holcomb. Julian Jackson lt.

Loan Officer 97

Loan Officer New Construction Brokerage Principal 97

RIS Media

JUNE 22, 2021

Vice President/Principal Broker. CB: As brokers, we’re smart enough to place the money where it belongs, which is in the bank accounts of our agents. Cynthia Benchick. Charles Rutenberg Realty Fort Lauderdale. Fort Lauderdale, Florida. www.CRRUnited.com. Region served: Fort Lauderdale and South Florida. Years in real estate: 23.

Brokerage 98

Brokerage Principal Agents Banks 98

Housing Wire

MARCH 5, 2024

A mortgage industry veteran, Vas has served since October 2023 as the president of tech company Pagaya Technologies Ltd., a KKR -owned company; Citibank ’s mortgage division; Morgan Stanley ; American Express ; and Bank of America. Kasnet, chairman of Two Harbors, said in a statement.

Principal 352

Principal Commercial Loans Mortgages 352

Redfin

JULY 11, 2023

You then make monthly payments, including principal and interest, over an agreed-upon term (usually 15 to 30 years) until the loan is fully repaid. What is a mortgage? A mortgage is a loan specifically designed for purchasing a property, commonly a home. How does a mortgage work? What are the different types of mortgages?

Pre-approval 59

Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

The Close

APRIL 27, 2022

In Oregon, a more experienced professional who manages other agents is called a principal broker. Are you considering a career in real estate? Does a flexible schedule, being your own boss, and earning a great income appeal to you? How to Get an Oregon Real Estate License. In Oregon, that’s not the case. Create an eLicense Account.

Principal 52

Principal Brokerage Agents Closing 52