Housing Wire

MARCH 12, 2024

Unlike off-the-shelf POS solutions, Blueprint Builder allows lenders to customize technology that is designed to help improve operations, Maxwell noted. In the current environment, a rigid, static technology stack can prove fatal.

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Lending Technology Loans Equity 390

Housing Wire

AUGUST 28, 2020

Gateway First Bank officially named Scott Gesell CEO and general counsel after serving as CEO on an interim basis since April 3. Before being named CEO, he was chief administrative officer and general counsel for the bank and has also held senior roles at Colorado National Bancorp , American Residential Communities and First Nationwide Bank.

Banks 258

Banks Mortgages Technology Residential 258

Housing Wire

AUGUST 7, 2020

Patricia Suazo has joined FundingShield as its vice president of technology operations and integrations. Suazo has over 15 years of leadership experience in the mortgage lending space with firms including Stearns Lending , Bank of America , Carrington Holding Company and CloudVirga.

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Title Technology Lending Banks 287

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. The post Built Technologies closes $88 million Series C funding round appeared first on HousingWire. and Canada. and Canada.

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Housing Wire

APRIL 13, 2022

Despite advances in technology, the mortgage industry still lacks efficiency. Mortgage executives are aware of a problem: despite billions of dollars in technology investments , the mortgage industry still largely looks like it did two decades ago. He added: “We have a tremendous amount of proprietary technology being built.

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Mortgages Banks Technology Finance 410

Housing Wire

APRIL 9, 2024

It’s supported by Varun Krishna , a veteran in the financial technology world and former executive at Intuit and PayPal , who was appointed as the company’s new CEO in July 2023, replacing Bob Walters. The lender says the technology allows the company to close loans 2.5 Rampell co-founded several fintech firms, including Affirm.

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Loans Technology Mortgages Finance 424

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 459

Housing Wire

OCTOBER 4, 2023

Lending institutions included mortgage banks, depository institutions and credit unions. Among lenders who have not used AI or ML technology, the biggest barriers to adoption in 2023 remained the same as 2018. Mortgage banks were more likely than depository institutions to cite integration complexity as a serious challenge.

Lending 392

Lending Technology Banks Mortgages 392

Housing Wire

JULY 6, 2023

First American Financial Corporation announced this week the appointment of Jody Mulkey as its chief technology officer. In this role, Mulkey will lead the corporate product development team, which is responsible for building and enhancing enterprise products across multiple First American divisions.

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Technology Development Title Banks 303

Housing Wire

JUNE 16, 2023

SimpleNexus , a homeownership platform developer for loan officers, borrowers, real estate agents, and settlement agents, announced this week a new integration with Empower, the loan origination system (LOS) from Black Knight. ” SimpleNexus , an nCino company, is a developer of mobile-first technology for mortgage lenders. “We

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Loan Officer Technology Loans Banks 336

Housing Wire

JANUARY 23, 2024

a provider of property data and valuation technology solutions. Consolidated Analytics serves clients in financial services, mortgage lending, servicing and capital markets, including banks, government-sponsored enterprises (GSEs) and originators. Financial services firm Consolidated Analytics acquired Real Info, Inc. —

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Due diligence Residential Real-estate owned Lending 449

Housing Wire

FEBRUARY 27, 2024

Mortgage technology firm Xactus named Michael Crockett as its chief operating officer. Previously, he was EVP of product development at Credit Plus before Xactus acquired the company in September 2021. He previously served as the company’s chief data officer.

Technology 362

Technology Mortgages Banks Brokerage 362

Housing Wire

JULY 18, 2023

As our financial system evolves, it is critical that we adapt our application of the Fair Housing Act and ECOA to deal with technological change and other developments,” Barr said in his speech. However, there is also the potential for these technologies to exacerbate existing issues related to lending equality, Barr explained.

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Lending Technology Banks Development 341

Housing Wire

SEPTEMBER 27, 2023

Maxwell , a Wells Fargo -backed mortgage fintech, announced Wednesday that it has struck a deal to acquire the digital lending platform Revvin ( formerly known as MortgageHippo ) to enhance its point-of-sale technology. The financial terms of the transaction have not been disclosed.

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Lending Loan Officer Loans Technology 419

Housing Wire

AUGUST 13, 2020

In a release on Thursday, the Federal Reserve detailed some of the research it’s doing on the benefits and risks associated with central bank digital currencies. Current research is being conducted within the Federal Reserve Board’s “TechLab” on innovations in alternative technological payments and projects, according to the release.

Banks 477

Banks Technology Development Finance 477

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 404

Housing Wire

JULY 12, 2023

As lenders strive to maximize the return on investment of today’s technology and gear up for major projects in the latter half of 2023, the presence of a team that can scale according to their needs and ensure efficient service delivery is crucial, according to the company. He also holds certification in QA testing. “We

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Principal Technology Banks Mortgages 299

Housing Wire

MAY 2, 2021

Real estate technology has changed rapidly over the last few years, and property valuation is no exception. Quantarium, an artificial intelligence and RE data analytics company, along with Valligent Technologies, a valuation technology innovator and an appraisal management company, created QVM Insights.

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Technology Inspection Loans Residential 201

Housing Wire

JUNE 2, 2023

Polly , a leading provider of innovative mortgage capital markets technology , recently announced the appointment of industry veteran Cheryl Messner as chief customer officer (CCO). Messner, who has extensive experience and expertise in mortgage fintech , joins Polly as the company experiences significant growth and adoption in the industry.

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Technology Development Mortgages Industrial 312

Housing Wire

FEBRUARY 27, 2024

But before diving back in headfirst, it would be worthwhile for lenders to think through what the last two years of scarcity reveal about the normal working model of an independent mortgage bank (IMB). Last year, Floify commissioned an independent study of 150 high-performing loan originators (LOs) to gain recruiting and retention insights.

Finance 428

Finance Technology Loans Industrial 428

Housing Wire

SEPTEMBER 25, 2023

Data provider Curinos partnered with Polly , a software-as-service mortgage technology firm, aimed to support lenders’ effective margin decisions. Founded in 2021, Curinos provides data, technologies and insights for financial institutions.

MLS 332

MLS Technology Lending Mortgages 332

Housing Wire

JANUARY 25, 2024

California-headquartered LoanSnap was hit with a temporary order to cease and desist from Connecticut’s Department of Banking for “systemic” unlicensed mortgage loan origination activity. Connecticut Banking Commissioner Jorge Perez alleged that LoanSnap violated the Truth in Lending Act (TILA) and Fair Credit Reporting Act (FCRA).

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Loan Officer Loans Banks Title 377

Housing Wire

MARCH 17, 2022

Figure , a blockchain-focused financial service company and Apollo , a global alternative asset manager, announced today completing a transaction involving the origination of digital mortgage loans and transfer of ownership via blockchain technology, according to a press release shared with FinLedger.

Lending 475

Lending Technology Loans Mortgages 475

Housing Wire

JULY 11, 2022

Kumar was a manager at Standard Chartered Bank from 2002 to 2004. ” LendArch was founded in 2021 by Tammy Richards, whose CV includes high-level stints Bank of America , Caliber Home Loans. . ” LendArch was founded in 2021 by Tammy Richards, whose CV includes high-level stints Bank of America , Caliber Home Loans.

Mortgages 321

Mortgages Technology Banks Lending 321

Housing Wire

OCTOBER 5, 2023

Saluda Grade , a real estate advisory and asset-management firm specializing in alternative lending products in the nonbank sector, and its fintech partner, Unlock Technologies , this week priced the industry’s first rated securitization backed entirely by shared-equity contracts (which Unlock calls HEAs).

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Equity Purchase and sale agreement Marketing Lending 423

Housing Wire

NOVEMBER 16, 2021

nCino, a publicly traded financial tech company that specializes in cloud banking, said that its decision to purchase Utah-based SimpleNexus is a natural expansion of the company into the point-of-sale mortgage market. banks and credit unions, where nCino currently has over 1,100 customers.”. appeared first on HousingWire.

Banks 407

Banks Technology Equity Development 407

Housing Wire

OCTOBER 21, 2021

The nation’s network of Federal Home Loan Banks (FHLBanks ) expects to be required to increase its share of investments in affordable housing. The total volume should not be lower than $100 million for each bank. In the first week of October, the bank also launched a $1.5 In May, Sen. Catherine Cortez Masto (D-NV) and Rep.

Banks 341

Banks Loans Equity Finance 341

Housing Wire

APRIL 13, 2023

The wholesale channel has the ability to offer borrowers a variety of choices, with access to many different bank and lending programs. As a CDFI (Community Development Financial Institution) — a designation given by the U.S.

Lending 374

Lending Marketing Banks Investor 374

Housing Wire

FEBRUARY 16, 2023

LauraMac, a provider of mortgage loan review SaaS technology, has appointed Rick Seehausen as its chief strategy officer. In his new role, Seehausen will work with the leadership team at LauraMac, overseeing strategic planning and developing new and existing products. “I

Loans 320

Loans Principal Technology Development 320

Housing Wire

MARCH 1, 2023

Income verification platform Truework has added its automated service ordering feature to Intercontinental Exchange (ICE) Mortgage Technology ’’s loan origination system Encompass. The firm raised $50 million in Series C funding to develop products that will advance digitizing the verification process for banks and lenders in August.

Technology 316

Technology Banks Loans Mortgages 316

Housing Wire

MARCH 28, 2024

This was a crisis for many large Independent mortgage banks that had created fine-tuned systems for refinancing loans and had virtually no trained sales force to prospect for new purchase money business. Fine-tune your tech stack Once your team is in place, it’s time to empower them with the right technology.

Mortgages 448

Mortgages Technology Loan Officer Loans 448

Housing Wire

SEPTEMBER 25, 2023

While Better was an efficient refi shop during the pandemic years when rates hit record lows, the lender and other independent mortgage banks (IMBs) were hit hard by the Federal Reserve ‘s monetary policy. The digital lender reported a net loss of $45.5 million in Q2, an improvement from a net loss of $89.9 million the previous quarter.

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Title Technology Finance Mortgages 438

Housing Wire

DECEMBER 15, 2021

Adam Reeds, CEO at Ledn, said in a statement that most people that hold extensive wealth in Bitcoin can’t use their assets to qualify for a mortgage at a bank, and the product is for those who choose to invest outside the mainstream of legacy banks. The cryptocurrency market was worth over $2.2 dollars for mortgage transactions.

Mortgages 448

Mortgages Lending Banks Investor 448

Housing Wire

FEBRUARY 2, 2022

Real Genius, a division of FirstBank , one of Tennessee’s largest community banks , said that its application platform will provide borrowers with rate and cost transparency. ConsumerDirect Mortgage rebranded itself to Real Genius and announced the launch of a modern mortgage application platform to simplify a borrower’s experience.

Mortgages 305

Mortgages Lending Technology Banks 305

Housing Wire

MARCH 11, 2024

Configured to give independent mortgage banks, federally insured banks and credit unions the needed tools at an accessible price point, Floify Lender Edition aims to increase lender profitability through its automated processes and efficiency tools, the company said. .”

Mortgages 413

Mortgages Loan Officer Loans Banks 413

Housing Wire

SEPTEMBER 18, 2023

In today’s evolving technological landscape, wire fraud is a pervasive risk, particularly in real estate transactions. In real estate, fraudsters may impersonate agents via fake emails, giving false bank information and causing victims to send money to the criminal’s account unintentionally. billion in 2022.

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Title Banks Technology Industrial 401

Housing Wire

OCTOBER 27, 2021

The non-depository bank says it has around $900 billion in its sub-servicing portfolio, and $1.1 The bank has failed to take timely corrective actions to remediate its deficiencies and unsafe or unsound practices,” the regulator said in the consent order. In addition, the bank will have to develop an IT control program. . “We

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Banks Development Mortgages Technology 294