Housing Wire

APRIL 4, 2024

HousingWire Editor in Chief Sarah Wheeler sat down with Sheila Reddy, CEO at Mosaik, to talk about how the company is leveraging their experience building technology solutions for healthcare to benefit real estate agents and homebuyers. Sarah Wheeler: What differentiates Mosaik’s technology?

Technology 421

Technology MLS Agents Design 421

Housing Wire

JANUARY 12, 2023

The refi boom is in our rearview mirrors and the road ahead looks promising for home equity volume. Who knows how high that volume could go, considering tappable equity is at a historic high of $11 trillion and total home equity at a record $27.8 How do you identify the right home equity partner? Excellent turn times.

Equity 397

Equity Title Technology Inspection 397

Housing Wire

FEBRUARY 21, 2024

An affiliate of Paceline Equity Partners LLC , a private equity manager based in Texas, completed a debt investment in a subsidiary of Constellation Software Inc. We believe our past experience investing in the mortgage industry previously enabled us to move quickly and provide certainty of closing.” I think integration is key.

Equity 407

Equity Loans Mortgages Finance 407

Housing Wire

MAY 23, 2022

HousingWire recently spoke with Barry Coffin, managing director of home equity title/close at ServiceLink , about the ways lenders can capitalize on these trends by revving up their home equity solutions. Barry Coffin : It’s a good time to prioritize home equity transactions for a couple of reasons.

Equity 384

Equity Title Technology Loans 384

Housing Wire

MARCH 29, 2023

The demand for home-equity loans, particularly home-equity lines of credit (HELOCs) as well as shared-equity investment products, is now stronger than at any time since before the global financial crisis some 15 years ago. Those 17 deals were backed by home-equity collateral valued in total at $3.9

Equity 384

Equity Lending Loans Banks 384

Housing Wire

SEPTEMBER 22, 2022

New York-based Unlock Technologies , a fintech operating in the shared-equity market, and real estate investment firm Saluda Grade , have closed a $180 million private-label securitization (PLS) backed entirely by Unlock-originated residential home-equity agreements (HEAs). 21, according to Mortgage News Daily.

Equity 384

Equity Marketing Fixed-rate mortgage Finance 384

Housing Wire

JULY 11, 2023

American homeowners currently have more tappable home equity than ever — a net $30 trillion in home equity that can be tapped right now, according to HousingWire lead analyst Logan Mohtashami. There’s more tappable equity here than any other time in history, maybe.” It’s an exciting time for home equity, for sure.”

Equity 370

Equity Lending Loans Mortgages 370

Housing Wire

SEPTEMBER 5, 2023

I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night. Sarah Wheeler: ICE’s acquisition of Black Knight just closed today. SW: ICE Mortgage Technology is known for its focus on automation.

Technology 397

Technology Mortgages Loans Industrial 397

Housing Wire

JULY 12, 2022

San Francisco-based Unison is extending its reach in the heartland by expanding its shared-equity loan program to homeowners in Nebraska. billion in equity-sharing agreements with some 9,000 homeowners across 29 states and the District of Columbia. Prioritizing home equity solutions in a rising rate environment.

Equity 384

Equity Residential Loans Title 384

Housing Wire

NOVEMBER 16, 2021

Rising home prices continue to fuel the growth of the nation’s multi-trillion dollar home-equity market, a fact not lost on behemoth investment-management firm PIMCO. Today, borrowers expect to close fast. Learn about the tools lenders should leverage to streamline home equity title and closing. trillion under management.

Equity 409

Equity Investor Marketing Title 409

Housing Wire

SEPTEMBER 18, 2023

Dark Matter Technologies , formerly Black Knight Origination Technologies, is focused on mainly two things: the smooth transition to new owners, and lowering the cost to originate loans for lenders. Read on to learn more about Dark Matter Technologies’ plan for mortgage. What opportunities did the firm see?

Technology 485

Technology Mortgages Bankruptcy Industrial 485

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. They are saying, ‘Tell me what’s working, how can I stand a program up so I can capture some of this [home-equity] business.”

Equity 370

Equity Marketing Debt-to-income ratio Lending 370

Housing Wire

JULY 8, 2021

Private equity firms Flexpoint Ford and Vestar Capital Partners have bought Lereta LLC , a provider of real estate tax and flood solutions for mortgage servicers, the companies announced this week. The transaction is expected to close within a month. Financial details of the transaction were not disclosed.

Equity 397

Equity Commercial Technology Loans 397

Housing Wire

DECEMBER 5, 2022

Early this month, California fintech Achieve announced the closing of its first AAA-rated securitization backed by $175 million in home equity lines of credit. A HELOC allows homeowners to access the equity in their homes without refinancing their primary mortgage. Prioritizing home equity solutions in a rising rate environment.

Closing 397

Closing Equity Loans Mortgages 397

Housing Wire

MARCH 17, 2021

Lovell Minnick Partners , a private equity firm that acquired ATTOM Data Solutions in 2019, announced Wednesday morning that it’s diving further in to the housing space with the acquisition of UniversalCIS. “Providing a best in class service technology to those firms is an ever increasing need.

Equity 384

Equity Technology Lending Title 384

Housing Wire

AUGUST 25, 2022

Between lack of inventory, record high prices, rising interest rates and significant affordability issues, challenges for the purchase and refi markets are leading to a time of opportunity for home equity lending. In the last five years alone, homeowners have gained, on average, $125,000 in equity on their properties.

Lending 397

Lending Equity Loans Technology 397

Housing Wire

JUNE 26, 2023

Digital mortgage exchange and loan aggregator MAXEX announced on Monday it closed an equity investment round and partnerships to expand liquidity amid the recent market volatility. Terms of the transaction were not disclosed. Several of MAXEX’s existing investors, including J.P.

Equity 370

Equity Land Investor Loans 370

Housing Wire

MAY 26, 2021

The average time to close on a mortgage has decreased for a fourth consecutive month to 51 days, according to a new study from ICE Mortgage Technology. The percentage of purchase mortgages increased to 43% of total closed loans. The percentage of purchase mortgages increased to 43% of total closed loans.

Closing 450

Closing Mortgages VA loan FHA loan 450

Housing Wire

AUGUST 23, 2023

New York-based digital lender Better.com announced Wednesday the closing of its business combination with the special purpose acquisition company (SPAC) Aurora Acquisition Corp , , ending a two-year journey to make the business public. Better plans to be a mortgage marketplace that sells its technology platform to other companies. “Our

Closing 370

Closing Pre-approval Finance Title 370

Housing Wire

JANUARY 22, 2021

Citing anonymous sources, Bloomberg reported that CoStar Group and a private equity group led by Warburg Pincus are currently competing for the data provider, though it is unclear if either have made an offer yet. If CoStar were to close the deal, it would be the largest acquisition the Washington, D.C. Presented by: Black Knight.

Equity 384

Equity Bankruptcy Investor Commercial 384

Housing Wire

APRIL 29, 2024

California-based mortgage tech firm Blend Labs , which has pursued non-GAAP profitability since it went public in 2021 , announced a $150 million investment on Monday from private equity firm Haveli Investments. per share — to be converted into common stock at any time — representing a 31% premium to its closing price on Friday.

Equity 421

Equity Technology Mortgages Closing 421

Housing Wire

JUNE 24, 2022

Amanda Cherry : While I can’t go into specifics, I can tell you that we are working on technology enhancements to help put the customer at the center of the business and by extension the center or the products and service we provide. Amanda Cherry : Macro trends continue to point to the need for people 55+ to have access to their home equity.

Closing 384

Closing Lending Equity Mortgages 384

Housing Wire

MARCH 12, 2024

Lenders can choose to integrate and configure many third-party services such as verification of asset, verification of employment/ verification of income , e-signing and e-closing. Unlike off-the-shelf POS solutions, Blueprint Builder allows lenders to customize technology that is designed to help improve operations, Maxwell noted.

Lending 421

Lending Technology Loans Equity 421

Housing Wire

JULY 12, 2023

Mike Cagney’s Figure Technologies announced a collaboration with CMG Financial , CrossCountry Mortgage , Fairway Independent Mortgage and The Loan Store as private-label partners. Each of Figure’s new partners will leverage Figure’s HELOC technology to create a branded product for their customers, the firm said in a statement.

Equity 370

Equity Lending Technology Loans 370

Housing Wire

SEPTEMBER 1, 2023

New York-based investment firm Cerberus Capital Management has entered into a definitive agreement to acquire home equity lender Spring EQ , the companies announced on Friday. The transaction will allow Cerberus executives to realize new opportunities as demand for home equity solutions in the U.S. accelerates.

Equity 397

Equity Loan Officer Residential Commercial 397

Housing Wire

FEBRUARY 20, 2024

“Most technologies are not architected to do a million loans every five minutes.” “Most technologies are not architected to do a million loans every five minutes.” ” Ardley can help servicers with retention strategies and find new deals within their portfolio. .

Technology 409

Technology Loans Staging Equity 409

Housing Wire

MAY 21, 2024

Prior to NEXA100, 100% commissions were just paid in three situations: when a branch closed over $2 million in mortgage loans , an individual originated over $3 million, and a partner brought in 20 people, Kortas said in an interview. ” NEXA was founded in Arizona by Kortas and Mat Grella after they left Equity Prime Mortgage.

Loan Officer 432

Loan Officer Loans Brokerage Equity 432

Housing Wire

MAY 17, 2022

Mortgage and home equity fintech FirstClose received a $35 million investment from Lateral Investment Management on Tuesday. This is FirstClose’s first institutional equity investment round: The company has been self-funded since its founding in 2000. home equity and mortgage markets. home equity and mortgage markets.

Equity 370

Equity Lending Banks Technology 370

Housing Wire

JANUARY 22, 2024

Marshall will work closely with Sagent’s executive team to achieve that goal as well as oversee the firm’s long-term strategy, according to the firm’s release. Sagent , a fintech software company providing a servicing management platform for banks and lenders, appointed Chris Marshall as executive chairman. now Ally Financial, Inc.

Technology 419

Technology Banks Equity Mortgages 419

Housing Wire

JUNE 30, 2021

Home values have increased over the past several months and consumers are realizing there is more equity in their homes than anticipated. This realization has increased demand for wholesale lenders and brokers as borrowers look to refinance, cash-out refinance or otherwise take advantage of the equity in their homes.

Closing 221

Closing Title Lending Inspection 221

Housing Wire

FEBRUARY 6, 2024

The original promissory notes were secured by tangible assets of [ Finance of America Equity Capital ], excluding pledges of equity interests, and certain pledged risk retention securities held by MM Risk Retention LLC , a wholly owned subsidiary of FOA Equity,” the filing reads. Securities and Exchange Commission (SEC).

Equity 421

Equity Finance Industrial Mortgages 421

Housing Wire

APRIL 10, 2023

Unfortunately, that “instant” title commitment itself does not inherently equate to a faster close, as my colleague Matt Regan outlined in his recent article. Just as important, it saves our title partners time and money when critical issues are discovered upfront resulting in loans that may never close.

Title 384

Title Loans Equity Title search 384

Housing Wire

MAY 11, 2023

Flueid , a leading technology company specializing in real estate transactions, announced on Thursday the integration of its patented Flueid Decision platform with Encompass by ICE Mortgage Technology. The report includes Flueid ‘Pro Tips’ that explain alerts and provide guidance on curative items for title.

Loans 384

Loans Title Title search Loan Officer 384

Housing Wire

NOVEMBER 13, 2023

Any person involved in selling a home knows that you cannot increase the price of your home randomly to cover the cost of commissions and other closing costs. The market sets the price of the home, and it cares little for closing costs — or what the homeowner invested in it — when determining the price for which it will sell.

Closing costs 358

Closing costs Equity Agents Technology 358

Housing Wire

FEBRUARY 23, 2024

per share at market close the day before. Its pilot AI virtual assistant enabled mortgage bankers to do the most important work when working with clients, with technology taking care of tedious tasks such as filling out applications and remembering regulatory requirements — things that bankers had to do before AI was implemented.

Equity 421

Equity Bankruptcy Loans Mortgages 421

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs).

FHA loan 370

FHA loan Renovation Equity Loans 370

Housing Wire

FEBRUARY 20, 2024

Today, a mortgage lender must have scalability in its operation, an ability to pivot quickly to meet changing market conditions and client needs, a well-designed technology stack and, above all, a keen sense of what its customers and the marketplace truly want from them. The lender’s role in succeeding by helping its LOs succeed.

Loan Officer 410

Loan Officer Lending Technology Loans 410