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.

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Equity Title Technology Loans 311

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. SW: ICE Mortgage Technology is known for its focus on automation. Sarah Wheeler: ICE’s acquisition of Black Knight just closed today.

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Technology Mortgages Loans Industrial 326

Housing Wire

OCTOBER 28, 2022

As the mortgage industry faces the realities of rising interest rates, savvy lenders are shifting gears towards the potential profitability of home equity lending. HousingWire: In a rising rate environment where a large percentage of homeowners have record-low mortgage rates secured, the lending industry is turning an eye to home equity.

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Equity Lending Technology Industrial 342

Housing Wire

MARCH 20, 2024

Figure Lending LLC is now operating under the umbrella of Figure Technology Solutions , independent of CEO Mike Cagney ’s Figure Technologies. Figure Technologies launched a wholesale lending platform in June 2023 that gives loan originators access to the company’s home equity line of credit (HELOC) offering.

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Lending Equity Technology Banks 338

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.”

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Equity Marketing Debt-to-income ratio Lending 348

Housing Wire

APRIL 14, 2022

Federal agencies committed to further racial equity through new equity action plans, but for housing, the action plan is light on new action. Biden made racial equity a formal administration priority the same day he took office. HUD’s equity action plan does not include any new funding for the efforts, however.

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Equity Finance Technology Title 370

Housing Wire

FEBRUARY 1, 2024

Shortly after EasyKnock acquired home equity investment platform Balance Homes , the company appointed former Balance Homes co-founders Judd Schoenholtz and Aaron LaRue as chief revenue officer and chief technology officer, respectively. LaRue, meanwhile, will focus on the expansion of EasyKnock’s technology platform.

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Equity Technology Lending Development 337

Housing Wire

MAY 21, 2024

Zillow announced the release of an open-source tool, the Fair Housing Classifier , on Tuesday as part of the company’s efforts to “promote responsible and unbiased behavior in real estate conversations powered by large language model (LLM) technology.“ System developers have the ability to intervene in these cases.

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Technology Lending Equity Development 316

Housing Wire

MARCH 12, 2024

Lenders can also define workflows and business rules for any mortgage product, including construction loans, manufactured home loans, home equity loans and bridge loans. Unlike off-the-shelf POS solutions, Blueprint Builder allows lenders to customize technology that is designed to help improve operations, Maxwell noted.

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Lending Technology Loans Equity 332

Housing Wire

APRIL 24, 2024

Additionally, its return on tangible common equity rose to 14.5% The company has started the year with excellent momentum, including return on tangible common equity rising to 14.5%,” Chairman and CEO Jay Bray said in a statement. in Q1 2024, up from 12.5% in the fourth quarter of 2023.

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Equity Lending Principal Technology 282

Housing Wire

OCTOBER 23, 2020

Stone Point Capital has purchased Vista Equity Partners’ stake in real estate software company Lone Wolf Technologies. Financial terms of the transaction with Vista Equity Partners weren’t disclosed. ” Lone Wolf provides real estate technologies to over 1.5 The HousingStack is exclusively for HW+ members.

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Technology Equity Brokerage MLS 261

Housing Wire

MAY 28, 2024

When announcing the rebranding initiative at the beginning of April, company leaders said they arrived at the new name after what they called “a rigorous research and brand strategy development analysis.” Starting that day, the company will begin trading on the New York Stock Exchange (NYSE) under its new ticker symbol, “ONIT.”

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Branding Mortgages Equity Loans 339

Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

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Technology Development Title Lending 407

Housing Wire

FEBRUARY 21, 2024

Navy captain who served as the vice president of business development for multinational firm BAE Systems before joining Sagent on Feb. Mr. Cooper sold certain intellectual property rights for its cloud-based technology platform to Sagent and received a minority equity stake in the fintech company. mortgage servicers. .

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Technology Mortgages Equity Banks 319

Housing Wire

APRIL 18, 2023

PunchListUSA , a real estate technology platform digitizing home inspection data, has named Stefan Pampulov as its chief product and data officer. Pampulov will be responsible for the development of PunchListUSA’s proprietary products, data infrastructure, home lifecycle services, and predictive pricing models, according to the firm.

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Housing Wire

APRIL 25, 2024

We believe there’s a significant opportunity to bring home equity for retirement into the mainstream.” Obviously, it’s hard to move right now, but people do have a lot of equity,” she said. “So, Tom Selleck, as well as the development of additional products in the space to meet the growing needs of the senior demographic.

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Mortgages Finance Equity Lending 284

Housing Wire

FEBRUARY 2, 2024

As the mortgage industry has evolved to better leverage technology and remote service delivery, FHA believes that requiring a mortgagee or lender to register all branches is an unnecessary administrative and cost impediment to program participation,” the agency said in its notice.

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Mortgages Title Loans Lending 405

Housing Wire

MAY 3, 2022

Nonbank heavyweight loanDepot will unveil a home equity line of credit (HELOC) product in the third quarter of 2022, the first offering of its recently launched mello business unit. In a traditional home equity product, the lender disburses a lump sum upfront to the borrower, who then pays the loan back in fixed-rate installments.

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Equity Loan Officer Loans Technology 390

Housing Wire

APRIL 19, 2022

Those new investments include venture capital plays, particularly in the financial-technology arena. Abate described technology as being key to “building efficiencies” to accomplish the real estate investment trust’s goals. Vesta Equity , another blockchain-enabled marketplace for tokenized home-equity investments. “As

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Equity Technology Investor Residential 332

Housing Wire

JUNE 2, 2022

Morgan CEO Jamie Dimon is famously no fan of crypto, the bank dove into the enigmatic world of blockchain-based finance in 2020 with the launch of Onyx , a business unit devoted to exploring and expanding the use of blockchain technologies. . Even though J.P. It’s very hard to hack a blockchain.”.

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Equity Due diligence Technology Investor 368

Housing Wire

MARCH 28, 2024

The digital lender made changes in its commercial operating model to achieve this goal and will continue to invest in Tinman, its proprietary technology platform. Better has been launching digital products with its proprietary technology, including digital VA loans and a one-day mortgage product. Better posted a GAAP net loss of $59.5

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Loan Officer VA loan Loans Technology 363

Housing Wire

SEPTEMBER 13, 2023

It allows home equity lenders, whole loan investors, and single-family rental investors to get “objective” and “current” exterior property condition assessments, with a focus on changes that can affect property value, the company said. The data can also be accessed via an API, in bulk data, or through a dynamic web application.

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Investor Inspection Loans Technology 356

Housing Wire

APRIL 23, 2024

Amid a higher rate environment when refinances are scarce, Martell said that loanDepot sees opportunities in other products, such as renovation loans and home equity lines of credit (HELOCs). AI will help areas like the call center, product development and underwriting so lenders can make “better decisions quicker,” he said.

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Mortgages Technology Renovation Equity 278

GeekEstate

MARCH 4, 2024

Company Description EasyKnock is a equity solutions platform giving homeowners flexible, quick solutions for their financial needs. Role Description The Director of Business Development and Partnerships will lead their growing team in establishing and nurturing strategic partnerships and driving business development initiatives.

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Development Purchase and sale agreement Equity Technology 62

Housing Wire

NOVEMBER 13, 2023

Louis Federal Reserve that says American home equity amounted to nearly $30 trillion at the end of 2022. of homeowner’s equity paid out in commissions. Is the Brookings Institution saying that the average homeowner only saw their equity increase by 20% in years past? Sales prices don’t go up or down based on closing costs.

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Closing costs Equity Agents Technology 337

Realty Biz

DECEMBER 5, 2023

Alexandria Real Estate Equities, Inc. McGrath will also serve as a Life Science, Agtech & Advanced Technologies Committee member. Marcus, executive chairman and founder of Alexandria Real Estate Equities, Inc. equity REITs, real estate operating companies, and Mexican real estate investment vehicles from 2012 to 2022.

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Equity Commercial Finance Technology 79

Housing Wire

APRIL 3, 2024

The company has also established capital-partner relationships and has made a series of technological investments into its platforms, he said. Ocwen Financial Corp., the parent company of top five reverse mortgage lender Liberty Reverse Mortgage and PHH Mortgage Corp. The rebrand is subject to shareholder approval.

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Branding Mortgages Staging Equity 295

Housing Wire

APRIL 26, 2022

Karl Jacob, CEO and co-founder of LoanSnap , said the cyrpto-mortgage system his company has developed can originate more than just loans that LoanSnap mints. LoanSnap is a mortgage company that employs artificial intelligence (AI) technology to originate loans more efficiently and faster. It’s an open platform.

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Due diligence Mortgages Equity Loans 433

Housing Wire

JANUARY 12, 2024

As a marketer by profession, I tend to put these companies into categories to create a narrative and to develop brand specificity. The value of all residential real estate worldwide is approximately $200 trillion. Of this, the U.S. accounts for approximately 23%. Every year, transaction volume in the U.S. exceeds $1.5 Why is this the case?

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Housing Wire

JANUARY 31, 2024

We went through a massive pivot last year, and we are solely focused today on really helping the modern retiree reimagine what their retirement years could look like through the power of their home equity,” Sieffert said. “We Even in technology, the things that we would need to invest in to catch up to those peers [presented a challenge].

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Mortgages Finance Equity Industrial 299

Real Trends

NOVEMBER 8, 2022

Looking to the year ahead as interest rates continue to climb, agents have no choice but to let go of an attachment to legacy business practices, lean into technology for increased business and consider how to expand their capabilities to serve even more clients. For example, the average consumer has no idea what their house is worth.

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Technology Agents Property Management Brokerage 112

Housing Wire

MAY 17, 2022

Private equity firm Narrow Gauge Capital (NGC) acquired Inco-Check, LLC , a provider of quality control audit mortgage software and fraud prevention services. Boston, Massachusetts-based NGC, founded in 2015, is focused on making investments in health care services, financial services technology, distribution and logistics sectors.

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Equity Investor Lending Technology 291

Housing Wire

MAY 24, 2021

Stavvy, a Boston-based fintech, announced Monday that it landed a $40 million Series A funding round led by Morningside Technology Ventures. COVID19 certainly accelerated development and focus on servicing, coming out of 2019 with record low default and foreclosure.”. Presented by: Sagent Lending Technologies.

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Land Lending Technology Banks 346

Housing Wire

OCTOBER 3, 2022

Empower, Black Knight’s loan origination system (LOS), offers an end-to-end digital platform that supports retail, consumer-direct, home equity, correspondent, wholesale and assumption channels – all in a single system. “A Referred to as “lights-out processing,” this advanced technology actively monitors the system for any data changes.

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Technology Loans Equity Loan Officer 306

Housing Wire

AUGUST 30, 2022

This has led many lenders to feel overwhelmed by options and lack understanding of how, when and where to best implement new technology. Many of these goals lead to adding technologies that can both speed up cycle times and drive down costs. There is also a renewed interest in the future state of residential mortgage originations.

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Lending Technology Equity Investor 380

GeekEstate

OCTOBER 29, 2021

I’m excited to release Thomvest’s real estate technology market map, which includes more than 240 companies operating within the residential real estate segment. This market map real estate technology companies operating across every phase of the home purchase value chain. As such, we’ve included the Blend logo in those areas.

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Technology Marketing Purchase and sale agreement Equity 135

Housing Wire

JUNE 6, 2022

Figure Technologies co-founder and CEO Mike Cagney. Fintech lender Figure Technologies and multichannel originator Homebridge Financial Services last August announced a merger that they claimed would usher in monumental change to the mortgage industry. But things did not happen as expected.

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Fixed-rate mortgage Lending Technology Loans 377