Housing Wire

MAY 8, 2023

Flagstar Bank , a top-25 U.S. mortgage lender, recently participated in two M&A deals. In December 2022 , the bank concluded the merger with New York Community Bancorp after waiting for regulatory approvals for over a year. “We are what we call a one-stop shop mortgage model,” he said. .

Banks 313

Banks Lending Loans Mortgages 313

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. Bank Home Mortgage. But it’s a challenge.

Mortgages 390

Mortgages Banks Technology Finance 390

Housing Wire

MARCH 12, 2023

We had a 21st-century bank run on Silicon Valley Bank and then the federal government took action over the weekend to stop the contagion. Mortgage rates fell even though the jobs report was stronger than anticipated. The bank failure spooked bond traders who were looking for higher yields and rates.

Mortgages 370

Mortgages Marketing Banks As-is 370

Housing Wire

AUGUST 17, 2023

The 10-year yield closed today above my key level of 4.25%: Does that mean mortgage rates will hit 8%? To understand what’s happening, here’s how I look at the bond market and mortgage rates in my forecast for 2023. That 10-year yield channel equates to 5.75%- 7.25% mortgage rates. of the time.

Mortgages 368

Mortgages Banks As-is Closing 368

Housing Wire

MARCH 28, 2024

A mistake at the start can snatch away a win before the race is even underway. Any coach will tell you that springing into action the moment the shot is fired is a critical success factor for any athlete. A race is a useful analog for the mortgage business, especially as it relates to the refinance business.

Mortgages 433

Mortgages Technology Loan Officer Loans 433

Housing Wire

APRIL 30, 2023

The other focus should be where mortgage rates go; only a little happened last week. Mortgage rates, once again, didn’t move too much this last week; the bottom level range was 6.50%, while the top was 6.67%; we ended the week at 6.59%. The fear of not having an increase in inventory this spring should be put to rest.

Marketing 519

Marketing Banks Mortgages As-is 519

Housing Wire

MAY 30, 2023

And, in the mortgage industry, AI will play an instrumental role in helping loan officers to be more efficient, according to Nima Ghamsari , Blend ‘s co-founder and CEO. “Some of these borrowers have hundreds of products that they can choose from. Blend’s mortgage banking software processed 23.2%

Loan Officer 354

Loan Officer Loans Banks Technology 354

Housing Wire

OCTOBER 1, 2020

“I can’t comment about any other fundraising, other than to say Better today is actually fundamentally profitable, with enviable profit margins and profit, not like startup-fuzzy-math-profit but actually like, the cash balance in your bank account goes up every month profit,” Garg said. billion a month in loans.

Banks 349

Banks Loans As-is Development 349

Housing Wire

DECEMBER 7, 2023

Sarah Wheeler: Can you give us a quick overview of where we are on fraud? They’ve been focused on mortgage payoffs, although they’re getting more sophisticated on mortgage payoff payment diversion. SW: How are they using generative AI?

Title 438

Title Technology Industrial Banks 438

Housing Wire

NOVEMBER 15, 2022

While originations are down due to a volatile mortgage market, the population of underserved borrowers who require non-QM products is on the rise. Prospecting for these borrower types can help protect your business during market shifts. Prospecting for these borrower types can help protect your business during market shifts.

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Bankruptcy Short sale Investor Title 371

Housing Wire

FEBRUARY 22, 2024

HousingWire Editor in Chief Sarah Wheeler sat down with Jason Cave , former deputy director at the FHFA where he ran their FinTech Office, to talk about where mortgage tech is falling short, and what the government should do to help. Sarah Wheeler: What led you to leave FHFA for the private sector?

Technology 294

Technology Banks Mortgages As-is 294

Housing Wire

AUGUST 23, 2023

Our overall model has changed from being a one-stop-shop, where we do everything in-house, to being a one-stop-shop where we do the things in-house that we’re the best at,” Vishal Garg , Better’s CEO, said in an interview. The change resulted in Better’s exit from its real estate business. We aim for a similar mix.”

Debt-to-income ratio 363

Debt-to-income ratio Technology Mortgages Pre-approval 363

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.

Lending 373

Lending Banks Bankruptcy Loans 373

Housing Wire

APRIL 18, 2024

The loan repurchase trend that began to sting many mortgage originators in 2022 appears to finally be winding down, according to a recent report by Sterling Point Advisors and Augment Analytics. We’ll get more definitive data when we get the fourth-quarter results to see if the trends continue at that point.” . …

Loans 389

Loans Due diligence Investor Technology 389

Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. We’ll reach out to those loan officers in markets where we have existing retail branch locations. billion, according to data from Inside Mortgage Finance.

Loan Officer 353

Loan Officer Marketing Pre-approval Fixed-rate mortgage 353

Housing Wire

JULY 19, 2021

The independent public offering comes following a banner year for the mortgage industry , in which Blend still lost $75 million on revenue of $96 million. ” Blend’s white-label technology is what powers mortgage applications on the website of traditional banks such as Wells Fargo and U.S. .

Banks 384

Banks Title Investor Technology 384

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. .

Mortgages 522

Mortgages Marketing Lending Loans 522

Housing Wire

JULY 30, 2021

As reverse mortgage loan officers aim to expand their repertoire of advertising methodologies, the use of an advertorial can be powerful but also comes with some caveats that any reverse mortgage loan officer should keep in mind prior to engaging in such advertising campaigns.

Industrial 394

Industrial Mortgages Loan Officer Banks 394

Housing Wire

NOVEMBER 13, 2020

Later, you may have taken out a personal or small business loan. Eventually, you purchased your first house, maybe got a home equity line of credit. There’s a common denominator in all of these transactions: It’s you. Chances are, you don’t work for the same company that employed you when you got your first apartment.

Banks 490

Banks Loans Technology Mortgages 490

Housing Wire

FEBRUARY 11, 2022

We know that refinance volume is declining, Agency business will shrink and get more expensive and an increasing number of borrowers will not qualify under Agency guidelines. Below are current market obstacles and how Angel Oak Mortgage Solutions can help through non-QM products. If not, it is time you did.

Loans 349

Loans Banks Mortgages Closing 349

Housing Wire

MARCH 1, 2021

Getting experience now is the appropriate time for originators to consider expanding to non-QM products – not just to grow their business and diversity their production offerings, but also to ensure they are not missing out on an opportunity to better serve their customers. Poised for Growth. Flexible Programs.

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Lending Banks Loans Investor 342

Housing Wire

MARCH 26, 2024

Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs. Where would they go? So, how did we all get here in the first place?

Equity 429

Equity Loans Bankruptcy New Construction 429

Housing Wire

SEPTEMBER 14, 2023

Adrian Gastelum, a vice president and branch manager at Nova Home Loans, recently had a prospective borrower apply for a Federal Housing Administration (FHA) mortgage. The client had just started a new job, and that can be tricky. All FHA mortgage lenders use a system by the U.S.

Loan Officer 375

Loan Officer FHA loan Loans Mortgages 375

Housing Wire

MARCH 25, 2024

Using trending videos, educational content and humor to reveal all the secrets about buying a house, Betley, known as @thatmortgageguy , has reached 870,000 followers and garnered 15.5 We get paid for it and we’ve monetized our brands tremendously,” Betley said in an interview. “I’ve ban of the short-form video app.

Loan Officer 378

Loan Officer Loans Lending Mortgages 378

Housing Wire

JUNE 21, 2023

Home Point Capital surprised the market on April 7 when it announced that the acquirer of its struggling mortgage origination business was a small wholesale shop few had even heard of. Add this to the list: control costs while growing and use an off-the-shelf tech system when you are small.

Loans 339

Loans Lending Mortgages Equity 339

Housing Wire

SEPTEMBER 12, 2023

Shannon Hoff, a California-based branch manager at American Pacific Mortgage (APM), finds herself both enthusiastic and cautious as she assesses the prospects of the mortgage market in the coming year. “But economists said mortgage rates should be in the 5s in the first or second quarter of 2024.”

Loan Officer 397

Loan Officer Loans Investor Mortgages 397

Housing Wire

SEPTEMBER 5, 2023

Intercontinental Exchange (ICE) completed its acquisition of Black Knight Tuesday, making the combined company the biggest player in the mortgage tech space. 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.

Technology 361

Technology Mortgages Loans Industrial 361

Housing Wire

SEPTEMBER 27, 2022

To put it as simply as I can, the strength of the U.S. As I noted during my recent podcast on HousingWire, things are getting sloppy in the markets, and when chaos happens, you can’t ever be sure how bad the damage is going to be. It’s never a good thing when you have to qualify pain like that.

Banks 473

Banks Construction As-is Marketing 473

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. They are saying, ‘Tell me what’s working, how can I stand a program up so I can capture some of this [home-equity] business.”

Equity 364

Equity Marketing Debt-to-income ratio Lending 364

Housing Wire

AUGUST 12, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Among its dozens of limited partners are major banks, which are the kinds of customers Blend is servicing, Mayopoulus pointed out. Stay tuned for updates.

Loans 495

Loans Banks Loan Officer Branding 495

Housing Wire

APRIL 13, 2023

I have often found that where technology and financial services come together, the no’s are necessary. Anyone who has tried to accommodate the ‘yes’s’ all the time could tell you that it is impossible to say yes to everything. While staying open to the unexpected, we can see opportunity in any development.

Technology 301

Technology Construction Banks Finance 301

Housing Wire

JULY 16, 2021

As Chief Operating Officer at First Guaranty Mortgage Corp , Sarah Gonzalez has modernized the FGMC brand, recruited top talent and implemented operational efficiencies that significantly reduce the cost per loan across all production channels. SG: Investing in our Mortgage Mavericks is a top priority for FGMC.

Development 368

Development Mortgages Branding Banks 368

Toronto Realty Blog

JANUARY 22, 2024

TorontoRealtyBlog A younger agent in my office told me the other day, “You need to start your Instagram videos with a hook.” No, here on Toronto Realty Blog, we can do things slowly. We can take our time. We can flush things out. Shall I simply start every video with “Free beer!”

Banks 69

Banks Sales Marketing MLS 69

Housing Wire

JANUARY 31, 2024

When loanDepot announced that it was the victim of a cybersecurity incident in early January, it became the fourth publicly traded mortgage or title firm to absorb an attack in as many months. I think cybersecurity today is different than it used to be. million current and customers , including 32,000 reverse mortgage customers.

Title 414

Title Mortgages Industrial Closing 414

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. Is now a good time to invest in real estate automation technologies?

Lending 397

Lending Brokerage Mortgages Banks 397

Housing Wire

MAY 26, 2023

In a vacant lot or seller impersonation scam, public records are searched to identify real estate that is free of mortgage or other liens, as well as the identity of the property owner. We are glad we felt that something fishy was going on and that our technology partner, CertifID, verified those feelings for us.”

Title 375

Title Land Due diligence Sales 375

Housing Wire

JUNE 25, 2023

Mortgage rates were again in a small range, hanging near 7%. However, the real positive story here is that even with new listing data trending at an all-time low, we are getting the growth in active listings we traditionally see in the spring and summer. Summer is here, and housing inventory is finally growing!

Marketing 410

Marketing Mortgages Days on market Sales 410