Housing Wire

MARCH 13, 2023

The Federal Deposit Insurance Corporation (FDIC) has named former Fannie Mae CEO and Blend president Tim Mayopoulos as CEO of Silicon Valley Bank N.A. , an FDIC-operated “bridge bank” meant to protect all depositors of the now shut-down Silicon Valley Bank (SVB). The bank failed to raise capital to plug a $1.8

Banks 384

Banks Finance Commercial Technology 384

Housing Wire

SEPTEMBER 21, 2022

Cincinnati-based Fifth Third Bank NA, part of Fifth Third Bancorp, a regional lender with some $207 billion in assets, has launched a new warehouse-financing arm that will serve independent mortgage bankers. decline from the first quarter, and a 9% decline from a year ago, according to Inside Mortgage Finance.

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Lending Banks Commercial Finance 384

Housing Wire

APRIL 10, 2024

The FDIC supervises approximately 3,000 state-chartered banks and thrifts not members of the Federal Reserve System. The FDIC recognizes that technology now has a role in the brokerage firm services provided and can impact its value.

Banks 419

Banks Brokerage Mortgages Loans 419

Housing Wire

JANUARY 11, 2023

In its 3rd year, the HW Finance Leaders award is celebrating the industry’s top finance executives who have muscled through another unprecedented year in housing and helped their organizations come out on top. So what does it take to be among the HW Finance Leaders? Click here before the January 27th deadline!

Finance 408

Finance Banks Brokerage Closing 408

Housing Wire

FEBRUARY 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported operating income of $57 million in 2022, down from last year’s $397 million — a reflection of the headwinds the mortgage industry is facing. The mortgage technology division at ICE posted $249 million in total revenue in the fourth quarter, down 9.8%

Technology 384

Technology Sales Mortgages Lending 384

Housing Wire

JULY 31, 2023

Flagstar Bank , a top-25 U.S. Flagstar made news in recent months, expanding its footprint and further diversifying its business model with the completion of the merger with New York Community Bancorp (NYCB) and the acquisition of certain financially and strategically complementary parts of Signature Bank.

Banks 370

Banks Mortgages Commercial Lending 370

Housing Wire

MARCH 15, 2023

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. venture-backed technology and healthcare companies.

Banks 370

Banks Mortgages Loans Loan Officer 370

Housing Wire

JULY 25, 2023

F2 Finance wants to scoop up a share of a “fragmented” fix-and-flip market as a lack of housing inventory sharply limits transactions. just to give an idea of how fragmented it is in terms of the lender,” Christian Faes, founder of F2 Finance, said in an interview with HousingWire. LendInvest has more than $4.7 billion (£3.7

Finance 370

Finance Marketing Lending Loans 370

Housing Wire

SEPTEMBER 26, 2023

Blend Builder – an initiative that started about four years ago and launched in March 2023 – is a cloud banking platform designed to help businesses in the financial services industry streamline processes for mortgages, loans, deposits and accounts. “We It’s the first time that we’re now sharing free cash flow targets.

Banks 421

Banks Mortgages Loans Investor 421

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.

Technology 397

Technology Mortgages Loans Industrial 397

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.

Banks 105

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. “The

Technology 300

Technology Closing Construction Commercial 300

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 times faster than the industry average. “By

Loans 464

Loans Technology Mortgages Finance 464

Housing Wire

MAY 8, 2024

PMG offers platforms for human resources, finance, technology , legal and compliance services to its group of lenders. As a minority-led independent mortgage bank, it is licensed in 43 states. In 2019, PMG added two brands, one of which was Legacy Home Loans , which focuses on increasing the Black homeownership rate in America.

Loans 270

Loans Mortgages Lending Branding 270

Housing Wire

APRIL 20, 2021

The public response to the recent Federal Housing Finance Agency (FHFA) Request for Information on appraisal-related issues was significant, with 164 unique written comments. These entities make many other comments about technology, workforce options, modernization and the need for change. ” The Value of the Human Appraiser.

Technology 397

Technology Due diligence Lending Industrial 397

Housing Wire

OCTOBER 26, 2020

Technology plays a crucial role in servicers’ ability of servicers to support their borrowers in this challenging time. Sagent technology puts servicers in the driver’s seat, helping them engage with and retain their customers whether they’re looking to refinance, add a new loan, or sell their existing home to finance a new one.

Technology 370

Technology Loans Investor Branding 370

Housing Wire

MARCH 4, 2021

Income is the second platform Plaid will use in its payroll operations, the first being Deposit Switch ; Deposit Switch begins the instant process of switching a customer’s direct deposit to their bank account. Plaid’s technology enables apps to connect with users’ bank accounts. Its most recent valuation was $5.3

Finance 233

Finance Pre-approval Banks Investor 233

Housing Wire

FEBRUARY 8, 2024

Bloomberg also reported that several banks, including JPMorgan Chase & Co. and Bank of America Corp. have held talks to provide as much as $8 billion to finance a buyout of DocuSign. DocuSign’s market capitalization is close to $10.5 billion with a share price of $51.33 as of Thursday afternoon.

Sales 431

Sales Banks Technology Investor 431

Housing Wire

JUNE 30, 2021

That’s where Finance of America Mortgage (FAM) TPO’s Two-X Flex suite of proprietary jumbo and non-QM products comes into the picture. Omar Cantillo, Senior Vice President, National Operations Manager, TPO Omar Cantillo has nearly 30 years of leadership experience in finance and executive operations.

Finance 285

Finance Lending Loans Technology 285

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.

Mortgages 410

Mortgages Banks Technology Finance 410

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).

Equity 421

Equity Purchase and sale agreement Marketing Lending 421

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).

Loan Officer 408

Loan Officer Loans Banks Title 408

Housing Wire

FEBRUARY 27, 2024

After slowing to a 30-year low in 2023, the gears of housing finance are re-engaging. 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).

Finance 421

Finance Technology Loans Industrial 421

Housing Wire

DECEMBER 14, 2023

billion over the 12 months, which puts a combined company just outside the top 50 mortgage lenders in America by volume, according to Inside Mortgage Finance data. In 2021, Veritex Holdings , the parent company of Veritex Community Bank , acquired a 49% stake in the lender for $53.9 In total the lenders have originated about $3.3

Mortgages 432

Mortgages Loan Officer Banks Finance 432

Housing Wire

MAY 7, 2024

Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% The increased awareness around these benefits have positioned brokers to be the obvious choice when it comes to consumer mortgage needs, keeping them competitive with large banks and retail lenders.

Industrial 287

Industrial Loan Officer Marketing Loans 287

Housing Wire

DECEMBER 7, 2023

The company’s close partnerships with mortgage brokers and correspondents transforms feedback into impactful products, technology and services that help clients grow their businesses in any economic environment. That’s made Flagstar a true partner to the 3,600 clients the bank has served in its 35-plus year history.

Lending 332

Lending Banks Technology Mortgages 332

Housing Wire

DECEMBER 22, 2023

Entering the real estate finance world in the summer of 2022 as a 23-year-old, I immediately felt like a fish out of water. For Gen Z, technology is second nature Gen Z is considered those who were born between 1997 and 2012 — today, members of Gen Z are between 11 and 26 years old.

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Branding Technology Finance Industrial 432

Housing Wire

MARCH 12, 2024

exited the wholesale channel last month, following the departures of Citizens Bank and loanDepot from the channel in 2023 and 2022, respectively. Fairway Independent Mortgage Corp. Last year, Homepoint shut down operations, while Wells Fargo closed its correspondent lending business.

Mortgages 466

Mortgages Marketing Lending Banks 466

Housing Wire

MARCH 29, 2024

Anna Frankowska was recognized in 2017 as one of Forbes’ “ 30 Under 30 ” in Europe, having studied economics in London before moving to work in investment banking. My parents are retired, and putting my entrepreneurial and finance hats on, I just got to see challenges they face and conversations they’ve had,” she said.

Mortgages 457

Mortgages Finance Loan Officer Equity 457

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.

Industrial 409

Industrial Banks Residential Lending 409

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.

Technology 450

Technology Development Title Lending 450

Housing Wire

MARCH 5, 2024

This is according to the results of a survey conducted by market research firm Ipsos and HomeEquity Bank — Canada ’s leading reverse mortgage lender — that focuses on members of the baby-boomer generation who reside in that country. “In border as of 2009. To get a better idea of the situation in the U.S.,

Banks 421

Banks Finance Technology Design 421

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. We’re really looking at rates [in 2024] staying above 6.5% 16 in the most recent rankings.

Equity 466

Equity Lending Banks Loans 466

Housing Wire

SEPTEMBER 25, 2023

Just weeks after New York-based digital lender Better Home & Finance Holding went public , Better issued pink slips to employees in early September in a new round of layoffs, Insider reported. Better was ranked as the 59th largest lender in Q1 2023, plummeting from the 19th in 2021, according to Inside Mortgage Finance.

Title 421

Title Technology Finance Mortgages 421

Housing Wire

MAY 10, 2023

The company offers direct-source data portability tools for mortgage, lending, banking, background and tenant screening, and other use cases. Argyle’s technology has helped numerous businesses to streamline their income and employment verification processes.

Mortgages 408

Mortgages Banks Lending Finance 408

Housing Wire

FEBRUARY 16, 2021

As demonstrated in the brilliant UWM Superbowl ad , Millennial homebuyers are looking to technology to match them with the right partners in life, including their mortgage. From a consumer’s perspective, the idea that we wouldn’t be able to connect our bank accounts and financial records in an app is already perceived as archaic. #3

Mortgages 533

Mortgages Banks Loan Officer Technology 533

Housing Wire

NOVEMBER 7, 2023

Mortgage tech firm Blend Labs continued to narrow its financial losses in the third quarter, driven by strong growth in its consumer banking business. Blend’s platform segment includes the mortgage suite, consumer banking suite and professional services. The mortgage banking suite revenue declined by 11% year over year to $20.3

Banks 414

Banks Mortgages Investor Title 414