Housing Wire

APRIL 26, 2021

New York Community Bank , one of New York City’s largest multifamily lenders, is set to diversify its business strategy with the acquisition of Michigan-based retail bank Flagstar Bancorp. The bank’s stock price was trading at a 26% discount to book value in late January. according to Inside Mortgage Finance.

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Marco Santarelli

APRIL 28, 2024

The banking sector is often seen as a barometer for the broader economy , and the closure of a bank can send ripples through the financial community. In 2024 , the United States witnessed its first bank failure of the year with the closure of Republic First Bank.

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Banks Commercial Loans Technology 105

Housing Wire

FEBRUARY 5, 2021

Multi-year HousingWire Tech100 winner Built Technologies , a construction finance software and construction payment technology company, closed an $88 million Series C funding round. Modern construction finance requires new infrastructure altogether. and Canada. and Canada.

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Propmodo

OCTOBER 31, 2023

This has been a perfect storm for the commercial real estate lending industry. Falling property prices and liquidity fears are causing banks to slow or stop lending on commercial properties. All of this combined to push commercial lending to a standstill. Plus, many owners have no other option.

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Housing Wire

MARCH 5, 2024

Sanjiv’s depth of experience in mortgage finance, consumer understanding and thought leadership will serve our company well as we continue to grow and evolve our business strategy and operational platform,” Stephen G. A mortgage industry veteran, Vas has served since October 2023 as the president of tech company Pagaya Technologies Ltd.,

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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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Housing Wire

MARCH 21, 2024

Mike Fratantoni , the chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA), addressed three major challenges in the housing market during testimony before the U.S. banks in comparison to international standards.

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Housing Wire

APRIL 4, 2022

SitusAMC on Monday announced the launch of its Warehouse Administration Services, “a comprehensive suite of technology-enabled turnkey services” that it says will help warehouse lenders reduce costs by as much as 30%, according to a company-issued news release. What are the building blocks of digital lending? Presented by: Wolters Kluwer.

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Housing Wire

MARCH 5, 2024

Sanjiv’s depth of experience in mortgage finance, consumer understanding and thought leadership will serve our company well as we continue to grow and evolve our business strategy and operational platform,” Stephen G. A mortgage industry veteran, Das has served since October 2023 as the president of tech company Pagaya Technologies Ltd.,

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Principal Commercial Loans Mortgages 195

Housing Wire

APRIL 28, 2021

The parent company of Veritex Community Bank will acquire a 49% stake in Texas-based mortgage lender Thrive Mortgage , the firms announced late Tuesday afternoon. Veritex is one of Texas’ largest banks, with $8.8 billion purchase of Caliber Home Loans , New York Community Bank ‘s pending $2.6 It posted net income of $31.8

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Mortgages Lending Banks Loans 363

Housing Wire

FEBRUARY 10, 2022

The Federal Housing Finance Agency has prioritized expanding access to credit while prioritizing safety and soundness. In November, Freddie Mac announced it would encourage landlords to provide access to rental payment data, by recouping a portion of closing costs for properties it finances.

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Loan Officer Finance Loans Banks 395

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. That was just over 45% of the company’s mix, according to Inside Mortgage Finance. billion volume in 2021, up 33.7%

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Mortgages Marketing Lending Loans 521

Housing Wire

MARCH 28, 2022

commercial spaces/building and residential homes/townhomes) and inconsistent transactional processes, fragmentation in the market has prevented real-estate from adopting technology as quickly as other sectors – until now. So, what are the technologies and trends iBuyers are using to fix fragmentation in the market?

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Marketing Title Closing costs Technology 379

Realty Biz

MARCH 15, 2021

While blockchain has already been used in sectors like finance and logistics for many years, the technology is now being leveraged within the real estate sector. Using cryptocurrencies to purchase real estate without using banks has already been happening over the last decade. Image Credit: Unsplash. Intermediaries.

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Technology Due diligence Title Marketing 145

GeekEstate

OCTOBER 5, 2022

I’m excited to release Thomvest’s 2022 real estate technology market map, which includes more than 275 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.

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Technology Marketing Investor Loans 117

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. We caught up with Hurst to talk about his new role and why the firm is looking to invest in commercial real estate tech startups and mortgage tech firms. The second area we have been focused on is commercial real estate. As of Sept.

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Title Mortgages Commercial Technology 352

Housing Wire

JUNE 25, 2021

One way to do that is by offering a digital lending process’ that attracts borrowers across all generations, regardless of their credit score and finances. The good news is the technology and data needed to meet growing borrower expectations and stay on par with industry trends are already available.

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Lending Commercial Technology Loans 390

Housing Wire

JANUARY 5, 2021

The Housing Policy Council has weighed in on the Conference of State Bank Supervisors’ new proposed standards for nonbank mortgage servicers. And now HPC, headed by former Federal Housing Finance Agency President Edward DeMarco, is adding its voice to the comments. “In Achieving touchless mortgage automation.

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Mortgages Banks Commercial Technology 293

Realty Biz

AUGUST 14, 2020

But some commercial real estate professionals say that some aspects of their work have become more challenging, including training new employees and networking. Technology such as video calling and collaboration software has helped many businesses to get work done from people’s homes. “I

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Commercial Technology Inspection Construction 64

Housing Wire

AUGUST 21, 2020

A 30-year veteran in the consumer finance and mortgage industry, Hilzendeger will be assisting in the company’s growth, responsible for leading the mortgage servicing team and delivering customer experience. Home Point Financial has named Perry Hilzendeger as its president of servicing.

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Housing Wire

SEPTEMBER 15, 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. In July, DocuSign acquired Austin-based startup Liveoak Technologies for $38 million in an all-stock transaction.

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Closing Loans Banks Investor 473

RIS Media

MARCH 31, 2022

Second Century Ventures, the strategic investment arm of the National Association of REALTORS® and the real estate technology fund, has announced the acceptance of 11 companies to the 2022 REACH UK program. Solutions for the Commercial Sector. Solutions for the Residential Sector.

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Technology Commercial Finance Development 96

Marco Santarelli

APRIL 24, 2024

Imagine trying to plan your finances for the next ten years, but interest rates – those numbers that impact everything from mortgage payments to savings account returns – are a bit of a mystery. Here's what we know: as of April 2024, the Bank of Canada is holding rates steady after a period of hikes aimed at curbing inflation.

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Banks Finance Commercial Mortgages 52

Housing Wire

NOVEMBER 30, 2021

He stressed that is across all facets of the organization, including underwriters for residential mortgage originations and private-label securitizations as well as the firm’s commercial operations. “We A recent report from the Federal Reserve Bank of New York illustrates the explosion of mortgage originations during the past year.

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RIS Media

FEBRUARY 7, 2022

With the growing popularity and normalization of blockchain technology and cryptocurrency, the transition into the metaverse may be smoother than anticipated. Cryptocurrency is the means of finance in the metaverse. Commercial Real Estate in the Metaverse. Blockchain, Crypto, and NFTs. million.

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McKissock

DECEMBER 28, 2021

Traut notes that the Federal Housing Finance Agency (FHFA) announced in late October 2021 at the Mortgage Banker Association’s annual conference that banks and mortgage lenders will be able to use desktop appraisals in place of traditional appraisals for qualifying Fannie Mae or Freddie Mac backed mortgages. Tampa, Fla.),

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Lending Residential Commercial Technology 96

McKissock

APRIL 3, 2022

In recent news, the first commercial property in New York has been put on the market exclusively for Bitcoin — $29 million dollars worth, to be exact. For buyers and sellers, this means they’ll get more bang for their buck when they save on commissions and fees typically charged by brokers, lawyers, and banks. Marketplace Platforms.

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Title Technology Commercial Banks 73

Housing Wire

APRIL 21, 2022

To Ballard, 3D printing technology is evolving to solve a crisis in modern day America and the world: The failure to meet people’s demand for housing. A man in Iowa in the late 1800s would get a loan from the bank, take a train to Chicago, purchase a home, come back and the house is delivered, and his neighbors help him assemble it.”.

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Construction Purchase and sale agreement Investor Land 394

McKissock

MAY 10, 2023

You may be skilled at marketing, spreadsheets, regression analysis, technology, creating websites, using social media, or managing an office. Traut recommends considering other entry-level and contracting jobs, such as completing quality-control reviews or managing appraisal orders for a bank or an AMC. It’s to uphold the public trust.

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Banks Commercial Property Management Land 86

Toronto Realty Blog

MAY 6, 2022

History will show that this was all part of the process in how music went digital, since the technology to copy music came along before the technology to stop people from copying music, and music stores allowed returns even if the plastic-wrap had been taken off the C.D.’s. This was, in its very first form, music piracy.

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Title Technology Land Banks 86

Point2Homes

NOVEMBER 16, 2021

Author of The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance. In principle, Bitcoin allows transactions to be conducted without relying on central bank money or the services of a bank or other financial institution. Assistant Professor of Finance. Below are their answers: Eswar Prasad.

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HomeLight

JANUARY 12, 2022

According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021. Source: Ice Mortgage Technologies , Data for Sept. Big banks typically have a lot more internal red tape to deal with before they’re able to fund a loan and write a check.

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Realtor.com

OCTOBER 30, 2020

Detroit’s Black residents are largely shut out of access to financing, making it tougher to attain homeownership, the key to building wealth for most Americans. Less than a quarter of Detroit home sales were financed by mortgage loans last year, the smallest share in the 50 biggest U.S. Vacant properties in Detroit.

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Marketing Bankruptcy Finance Banks 86

Marco Santarelli

MARCH 8, 2021

It actually could be a lot more expensive, but the thought there is that it probably will last longer as well, being in a commercial building. Financing Single-Family Homes vs Multi-Family Properties. Now, when it comes to financing multi-family properties, lenders will take a more rigorous approval process in that financing.

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Finance Investor Property Management Commercial 111

Realtor.com

APRIL 5, 2021

We certainly wouldn’t expect every single-family community we sell to sell at a 50% gross margin,” the builder’s finance chief, Bill Wheat, said at a recent investor conference. They are competing for houses with ordinary Americans , who are armed with the cheapest mortgage financing ever, and driving up home prices.

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Investor Finance Banks Principal 59

GeekEstate

JANUARY 12, 2023

Bryan Copley is a firm believer the tortoise will be sexier than the hare this year : The Fed will continue to grind the gears of economic growth, and the cheap capital financing meteoric startup growth for companies without a plausible path to profitability has dried up faster than the Los Angeles River. prior to an IPO.

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MLS Banks Technology Equity 62

Marco Santarelli

AUGUST 17, 2020

Zillow Home Loans, Zillow’s affiliated lender, provides mortgage pre-approval and financing. Redfin has deepened their technology beyond the initial search to make the home tour, the listing debut, the escrow process, the whole process, faster, easier and worry-free. Credits: Redfin.com. Here are some of the best features. .

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