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 428

Technology Development Title Lending 428

Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. The post Mortgage Coach and Sales Boomerang snag new investor appeared first on HousingWire.

Investor 295

Investor Sales Mortgages Loan Officer 295

Housing Wire

FEBRUARY 16, 2023

LauraMac, a provider of mortgage loan review SaaS technology, has appointed Rick Seehausen as its chief strategy officer. Seehausen’s professional career spans nearly three decades in the mortgage industry. Launched in 2019, the company’s technology serves companies that acquire assets in the secondary market.

Loans 312

Loans Principal Technology Development 312

Housing Wire

FEBRUARY 2, 2024

That’s despite a net loss in the last quarter of the year attributable to the resolution of a long-standing arbitration process with Black Knight regarding its servicing technology and losses in mortgage servicing rights (MSR) fair value. billion in unpaid principal balance (UPB) in 2023, down 9% year over year.

Technology 363

Technology Loans Principal Mortgages 363

Housing Wire

APRIL 1, 2024

“Affordability has always been a challenge,” said Ashkán Zandieh, managing partner and industry chair at the Center for Real Estate Technology and Innovation. “In And with rising home prices and the growing burden of traditional mortgage debt, homeowners are looking to tap into their home equity without taking on additional debt.”

Equity 395

Equity Finance Purchase and sale agreement Investor 395

Housing Wire

FEBRUARY 14, 2024

Analysts in the mortgage industry are projecting that 2024 will be a better year than 2023 across the board. In a HousingWire report , analyst firm Jeffries said that they believe the worst of the current mortgage cycle is behind us, and Moody’s forecasts that the Federal Reserve will decrease rates three or four times this year.

Investor 327

Investor Loans Mortgages Principal 327

Housing Wire

APRIL 27, 2023

However, Pennymac’s profitability declined compared to the previous quarter amid a still-challenging mortgage market. Servicing “is a critically important asset and has driven much of the success that we have enjoyed in mortgage banking,” David Spector, chairman and CEO, said in a recorded earnings message.

Principal 359

Principal Banks Loans Mortgages 359

Housing Wire

JANUARY 13, 2021

have taken advantage of its mortgage relief provisions. As part of its Flood Services business, CoreLogic completes flood zone determinations for banks and mortgage companies to support their compliance with the mandatory purchase requirements. Since the CARES Act was signed into law, homeowners across the U.S. in January 2021.

Mortgages 430

Mortgages Investor Loans Technology 430

Housing Wire

MAY 6, 2022

California-based nonbank mortgage lender Pennymac Financial Services ’ net income dropped more than 50% in the first quarter from the same period in 2021, driven by lower profits from its production segment due to surging mortgage rates and a shrinking origination market. However, the company still reported a pretax net income of $234.5

Principal 341

Principal Loans Technology Mortgages 341

Housing Wire

JUNE 15, 2022

And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. Such volatility has triggered turbulence in the mortgage market. The mortgage-backed securities (MBS) market went “no-bid” on Friday. Consequently, mortgage rates leapt like they hadn’t in decades.

Mortgages 381

Mortgages Loans Investor Equity 381

Housing Wire

MAY 31, 2021

He formerly served as senior counsel for the Senate Committee on Banking, Housing, and Urban Affairs, and currently, he serves as senior counsel for the U.S. Senate Finance Committee. It’s this same willpower, steadfastness and determination to push through adversity that defines this year’s winners.

Principal 317

Principal Banks Finance Mortgages 317

Housing Wire

MAY 23, 2022

California-based nonbank mortgage lender Pennymac Financial Services will lay off 207 additional employees in June and July following a workforce reduction filing of more than 230 employees in March. Layoffs of 190 employees at Pennymac were first reported by National Mortgage News. Fairway Independent Mortgage Corp.

Loan Officer 393

Loan Officer Loans Principal Mortgages 393

Housing Wire

MARCH 1, 2023

Change in uninsured losses As of late, however, the uninsured losses are being absorbed by other stakeholders in the housing finance system, including mortgage lenders, mortgage servicers, private mortgage insurers, government agencies, capital markets investors, and the government-sponsored enterprises.

Industrial 358

Industrial Banks Loans Design 358

Housing Wire

MARCH 25, 2022

In Roseville, where the company has a consumer-direct business and information technology organization, Pennymac will eliminate 81 positions. million to open a new mortgage origination center in Franklin, Tennessee, creating 325 jobs in Williamson County. These layoffs were first reported in the Sacramento Business Journal.

Lending 382

Lending Principal Loans Banks 382

Housing Wire

NOVEMBER 17, 2022

Mortgage industry executives are echoing the sentiment that Ginnie Mae’s risk-based capital requirement is currently the main concern for companies holding mortgage servicing rights (MSR). According to industry leaders, the rule can force a sell-off wave, reduce values and put some lenders and services in a difficult spot.

Marketing 378

Marketing Lending Loans Principal 378

Housing Wire

FEBRUARY 10, 2023

” Jay Bray , chairman and CEO of Mr. Cooper, said that last October, as mortgage rates were trending higher, Mr. Cooper eliminated 1,000 positions, most of them in originations. “We feel good about driving these numbers higher if mortgage rates settle at meaningfully lower levels or if MBS pricing improves.”

Principal 300

Principal Mortgages Lending Equity 300

Housing Wire

JULY 22, 2022

Non-QM lender First Guaranty Mortgage Corp. Sprout Mortgage imploded in early July, leaving its employees out in the cold. Just weeks later, a leaked text message from Flagstar Bank provided an inside look at how dire the current climate is for many non-QM lenders. It has since been sued by its former employees.

Lending 370

Lending Banks Bankruptcy Loans 370

Housing Wire

FEBRUARY 3, 2022

California-based nonbank mortgage lender Pennymac Financial Services posted record loan production last year, but a significant decline in net profits. The company said the performance was “primarily due to lower volumes and margins resulting from a transitioning mortgage market and a return to more normal seasonal trends.”.

Lending 258

Lending Principal Loans Technology 258

Housing Wire

FEBRUARY 14, 2023

Managing a profitable mortgage business can be challenging in the best of markets. Mortgage servicing rights (MSRs) are valuable assets for mortgage lenders when origination business is slow. But lenders must also consider mortgage originator’s loan product innovation. of all mortgage applications.

Loans 339

Loans Investor Mortgages Principal 339

Housing Wire

AUGUST 14, 2020

Ivanoski has 17 years of experience in the financial services industry, including time at State Street Corporation and Santander Bank. A former Quicken Loans executive, Booth has over 15 years of experience working in state and federal government bodies, focusing on transforming the mortgage industry through technology.

Lending 270

Lending Principal Industrial Development 270

Housing Wire

NOVEMBER 16, 2022

By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Who wants to be in the mortgage business? trillion to $1.7 trillion. trillion to $1.7

Banks 403

Banks Mortgages Loan Officer Due diligence 403

Housing Wire

MAY 23, 2022

Potential homebuyers in today’s market are facing a number of challenges, including increasing mortgage rates and a sizeable supply and demand imbalance that is pushing home-price appreciation to very high levels throughout the country. Primary mortgage market rates are a function of several factors.

Loans 391

Loans Mortgages Investor Industrial 391

Redfin

JULY 11, 2023

In this comprehensive guide, by Redfin, we will delve into ten common questions about mortgages, offering valuable insights and expert answers. What is a mortgage? A mortgage is a loan specifically designed for purchasing a property, commonly a home. How does a mortgage work? What are the different types of mortgages?

Pre-approval 59

Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The spread between the 30-year fixed-rate mortgage and the 10-year Treasury yield has narrowed after sitting at over 300 basis points, compared to the historic norm of 150 bps.

Mortgages 441

Mortgages Loan Officer Loans Equity 441

Housing Wire

SEPTEMBER 10, 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. Earlier this year, Orchard began the initial pilot of its integrated mortgage offering in Texas markets. Patrick Conroy, principal at Washington, D.C.-based

Title 244

Title Branding Principal Loans 244

McKissock

FEBRUARY 13, 2023

He is the principal expert for all matters related to residential property appraisals and valuation solutions at Veros. He has held appraisal leadership roles in various large financial institutions including Bank of America and Citigroup. James is passionate about serving country, fellow Veterans, and his community.

VA loan 85

VA loan Principal Development Title 85

McKissock

FEBRUARY 13, 2023

He is the principal expert for all matters related to residential property appraisals and valuation solutions at Veros. He has held appraisal leadership roles in various large financial institutions including Bank of America and Citigroup. James is passionate about serving country, fellow Veterans, and his community.

VA loan 52

VA loan Principal Development Title 52

Housing Wire

APRIL 24, 2024

Thanks to our strategic emphasis on technology, including years of investment in AI and the cloud, Mr. Cooper is well positioned to provide our customers with world-class service, operate as a trusted counterparty for our industry stakeholders, and grow and sustain investor returns.” billion in unpaid principal balance (UPB).

Equity 309

Equity Lending Principal Technology 309

Housing Wire

MARCH 15, 2024

In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? And why not? Instead, they’re leaving money on the table.

Commercial 384

Commercial Brokerage Due diligence Title 384

Housing Wire

MARCH 5, 2024

Sanjiv Vas, former CEO of Caliber Home Loans , has joined the board of directors at Two Harbors Investment Corp , a Minnesota-based real estate investment trust that expects to launch a mortgage originations platform in the second quarter of 2024. Kasnet, chairman of Two Harbors, said in a statement.

Principal 333

Principal Commercial Loans Mortgages 333

RIS Media

SEPTEMBER 21, 2021

She brings a mix of investment banking and a legal background into her work in real estate. Originally from Atlanta, Georgia, Jackson earned degrees in Information System Technology and Psychology and was accepted to flight school as an Army helicopter pilot. Julian Jackson lt. District: Greater Southwest San Antonio, Texas.

Loan Officer 85

Loan Officer New Construction Brokerage Principal 85

Housing Wire

MARCH 5, 2024

Sanjiv Das, former CEO of Caliber Home Loans , has joined the board of directors at Two Harbors Investment Corp , a Minnesota-based real estate investment trust that expects to launch a mortgage originations platform in the second quarter of 2024. Kasnet, chairman of Two Harbors, said in a statement.

Principal 195

Principal Commercial Loans Mortgages 195

Housing Wire

FEBRUARY 9, 2024

regulators are monitoring risks stemming from nonbank mortgage lenders, especially failures resulting from market strains. You have to build and invest in technology. Dallas-based Mr. Cooper is expected to reach $1.1 It ’s a scale business. So, we don’ t have any concerns about continuing to grow the platform.

Loans 377

Loans Principal Equity Banks 377

HomeLight

OCTOBER 29, 2021

The average time to close a loan was 48 days in July 2021 , according to ICE Mortgage Technology, a company that produces mortgage management technology. Some of the steps can be carried out concurrently — you can lock in your mortgage rate while shopping for home insurance, for instance.

Closing 82

Closing Inspection Title Due diligence 82

Real Trends

MAY 13, 2022

“Title and other services were high because of these referral relationships between real estate agents and the settlement service providers,” said Holly Spencer Bunting, who is a lawyer at Mayer Brown and represents businesses on mortgage banking and consumer finance matters. Using reason and assessing risk is common-sense advice.

Title 75

Title Brokerage Agents Mortgages 75

Housing Wire

JANUARY 7, 2021

Mortgage tech is already off to the races, with companies introducing new digital products early in 2021. Digital mortgage platformer Blend is back this week, announcing that they are furthering their Freddie Mac partnership by integrating the GSE’s automated underwriting system, Loan Product Advisor.

Mortgages 233

Mortgages Lending Loans Investor 233

Marco Santarelli

MARCH 30, 2023

This can be especially attractive during periods of rising inflation because the principal value of the bond is adjusted to reflect changes in the Consumer Price Index (CPI), which measures inflation. When interest rates rise, it becomes more expensive for borrowers to take out loans, including mortgages.

Investor 40

Investor Loans Banks Mortgages 40