article thumbnail

Dark Matter Technologies execs talk transition from Black Knight, innovation in the mortgage tech space

Housing Wire

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. Gagliano : We believe strongly in technology.

article thumbnail

Loan buybacks haven’t disappeared, but they are trending down

Housing Wire

The overarching goal of prefunding QC is to ward off problems before they become issues on closed loans. The pool of non-QM borrowers includes real estate investors, foreign nationals, business owners, gig workers and the self-employed, as well as a smaller group of homebuyers who face credit challenges, such as past bankruptcies.

Loans 356
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Princeton CEO Rich Weidel on the promise vs reality of mortgage tech

Housing Wire

Sarah Wheeler: In the past you said that technology isn’t a differentiator, it’s just an equalizer. Rich Weidel: Yes, and even more now that we’re seeing in this down cycle which technologies provide value and which are just an expense. It wasn’t that long ago that technology was going to change everything.

Mortgages 394
article thumbnail

The 2024 mortgage M&A playbook

Housing Wire

There were also a few cases of bankruptcy. HousingWire tracked 62 mergers, acquisitions, exits and bankruptcies covered by the newsroom in 2023. bankruptcies. Those who couldn’t find a dance partner shut down production channels or left the mortgage market behind entirely. exits and 3.2%

Mortgages 363
article thumbnail

Rocket lost money last year, so why are its shares up?

Housing Wire

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 361
article thumbnail

Why lenders should be asking for a title check at loan application

Housing Wire

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 306
article thumbnail

CoStar and private equity group battle for CoreLogic

Housing Wire

If CoStar were to close the deal, it would be the largest acquisition the Washington, D.C.-based After its filing of bankruptcy in February, Rentpath , which owns Rent.com, ApartmentGuide.com, Rentals.com and Lovely.com, agreed to sell to CoStar for a reported $558 million. As of Thursday, CoreLogic’s stock closed at $76.79

Equity 317