Housing Wire

MAY 16, 2024

As a result, brokers no longer need to deal with a title company or settlement agent to close a refi. It said TRAC+ will allow the lender to “manage title review, closing, and disbursement.” It’s available to conventional loans only in purchase and refinance transactions. loans but only for refinances.

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Title Loans Mortgages Closing 441

Housing Wire

MARCH 30, 2023

Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage , spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. Kirby hopes to have a total of 15 LOs and close $50 million in production volume by year-end.

Loans 365

Loans Mortgages Loan Officer Lending 365

Housing Wire

APRIL 18, 2024

N early 58% of this total was conventional loans and 55% was purchase loans. As of Thursday, the bank had 155 sponsored loan officers, according to the Nationwide Multistate Licensing System (NMLS). The deal included the bank’s consumer-direct technology platform. Bill Watson, chairman of Watson Realty Corp.,

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Banks Mortgages Loan Officer Loans 393

Housing Wire

AUGUST 7, 2020

One of the drivers for a pivot to profit is that loans are expensive. According to the Mortgage Bankers Association, it costs an average of $7,535 to produce a loan. If your loan officers don’t have the resources to handle the inbound volume, they may not be able to follow up with every lead, which can lead to lost revenue.

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Loans Technology Loan Officer Branding 374

Housing Wire

OCTOBER 14, 2020

On the heels of going public, Rocket Companies’ broker channel, Quicken Loans Mortgage Services (QLMS), made waves throughout the industry when it announced it would be rebranding to Rocket Pro TPO in an effort to closer align itself with the brand that has become ever-present in the lending space.

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Loans Loan Officer Branding Technology 302

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 469

Housing Wire

NOVEMBER 13, 2023

In the world of mortgage lending, there’s an all-too-common sentiment that echoes through the industry: “My loan origination system (LOS) sucks.” In reality, the LOS is not the problem; the technology is doing exactly what it was designed to do. The LOS is a foundational piece of technology for every lender.

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Lending Due diligence Technology Loans 381

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 433

Housing Wire

OCTOBER 9, 2023

The free app, which officially launches Tuesday, allows users to price out mortgages, personal loans and other finance products that Guaranteed Rate offers, but there’s a twist: users can also access financial, physical and mental health resources to help them “live their best lives.” He knew he needed to make changes. “I

Mortgages 421

Mortgages Loan Officer Loans Technology 421

Housing Wire

JANUARY 22, 2024

Marshall will work closely with Sagent’s executive team to achieve that goal as well as oversee the firm’s long-term strategy, according to the firm’s release. Sagent’s appointment of Marshall comes amid the company’s goals to deliver the mortgage servicing industry’s first cloud-native software platform this year. Cooper Group.

Technology 335

Technology Banks Equity Mortgages 335

Housing Wire

JULY 12, 2023

Mike Cagney’s Figure Technologies announced a collaboration with CMG Financial , CrossCountry Mortgage , Fairway Independent Mortgage and The Loan Store as private-label partners. A five business day funding timeline assumes closing the loan with Figure’s remote online notary.

Equity 309

Equity Lending Technology Loans 309

Housing Wire

FEBRUARY 14, 2024

With the acquisition of Academy, Guild will be onboarding nearly 200 branches and 1,000 new employees, about 600 of which are loan officers. Final decisions on these employees are still being worked out based on the needs to wind down the current pipelines and close out the Academy business, she said.

Mortgages 410

Mortgages Loan Officer Loans Closing 410

Housing Wire

SEPTEMBER 9, 2020

Spurred by the impact of the coronavirus, the partnership closed more than 1,600 RON transactions in the first half of 2020, a more than 200% increase over the 500 RON transactions that they closed in all of 2019, the companies told HousingWire. “We It’s a welcome improvement.”. We have continued to grab market share.”

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Title Closing Branding Brokerage 341

Housing Wire

NOVEMBER 3, 2023

That’s why they’ve introduced the homegenius Platform, an integrated solution consisting of advanced technology , data science, machine learning and AI designed to drive value and bring ease to consumers through the home buying and selling journey. Through this offering, consumers may also be eligible to receive a rebate* at closing.

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Closing costs Short sale Technology New Construction 353

Housing Wire

FEBRUARY 28, 2022

Mortgage professionals need a solution that gives them total insight across the customer life cycle and that can offer multiple functionalities that keep them top of mind with customers – even after the loan closes. Surefire provides total insight across the customer loan life cycle and complete digital asset management.

Marketing 325

Marketing Mortgages Branding Lending 325

Housing Wire

SEPTEMBER 22, 2020

The Detroit-based firm, which began 35 years ago as a mortgage broker shop in southeast Michigan, is rebranding Quicken Loan Mortgage Services to Rocket Pro TPO. Beyond the bucket of leads, Rocket is banking on its widely known brand name, free use of marketing tools, and bevy of technologies to hook brokers. “We

Loans 447

Loans Technology Branding Mortgages 447

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. To that end, Blend plans to use the new capital to invest in product development such as speeding up the release of its digital closing solution.

Loans 495

Loans Banks Loan Officer Branding 495

Housing Wire

FEBRUARY 28, 2022

Our rebrand to Pennymac TPO is a sign that we are increasing our investment in talent, technology, products and services – all designed to support our wholesale partners on their journey of success,” said Kim Nichols, Senior Managing Director at Pennymac. The new POWER+ is technology plus people. Technology powers our partnerships.

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Technology Loans Loan Officer Branding 339

Housing Wire

DECEMBER 14, 2023

Texas-based lender Thrive Mortgage plans to merge with digital multichannel rival Lower , which will create a unified lender with more than 650 loan officers and 120 active branches across the country. Financial details of the merger, which is expected to close in the first quarter of 2024, were not disclosed.

Mortgages 412

Mortgages Loan Officer Banks Finance 412

Housing Wire

JUNE 30, 2021

At UWM we focus on our client service, operational efficiency and speed to close loans. With this unwavering focus, we help brokers close loans fast, get referrals and grow their business,” Chief Operating Officer Melinda Wilner said.

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Technology Lending Loan Officer Loans 306

Housing Wire

MARCH 31, 2021

Last year’s record-low mortgage rates dipped as low as 2.65% on 30-year fixed-rate loans and ignited an origination boom that had lenders scrambling to manage the high demand. During this surge, many lenders experienced challenges as they tried to deliver an ideal customer experience while closing loans at the speed of light. .

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Marketing Loans Technology Mortgages 381

Housing Wire

MARCH 11, 2022

Far too many loan applications never make it to closing, falling out of a lender’s pipeline even after rate lock. So, mortgage lenders saw 24% of loan applications received fall out of their pipelines before closing. From the third quarter of 2008 to last quarter, loan production expenses have averaged $6,621 per loan.”.

Mortgages 311

Mortgages Loans Lending Technology 311

Housing Wire

JUNE 10, 2022

Lenders and mortgage tech companies have been cutting costs in the down market , but some firms have hired new executives who they hope will provide better strategies to navigate the shrinking loan origination market. For the Motto brand, Erickson will focus on streamlining the product ecosystem for franchisees.

Marketing 382

Marketing Lending Loans Branding 382

Housing Wire

APRIL 10, 2023

Dustin Gray: You don’t have to be an economist to know it’s a challenging time to buy a home or get a loan. HW: What types of technology can lenders use to improve the borrower experience? They need technology that creates experiences borrowers actually want to keep coming back to on a regular basis in between transactions.

Technology 405

Technology Equity Lending Loan Officer 405

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. Interfirst purchased refinance leads and sent them to Woodward to close. But Woodward struggled to originate purchase loans.

Mortgages 522

Mortgages Marketing Lending Loans 522

Housing Wire

OCTOBER 5, 2023

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. That offering, Unlock HEA Trust 2023-1, is slated to close this week. Nearly half of those offerings, in terms of count and value, have played out this year, however.

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Equity Purchase and sale agreement Marketing Lending 396

Housing Wire

AUGUST 1, 2023

The Detroit-based lender’s unmatched combination of name recognition, digital infrastructure and consumer technology enabled it to originate more than $670 billion in mortgages in 2020 and 2021, smashing records in the process. Its parent Rocket Companies rode the wave to a stunning $9.4 billion in profit in 2020 and $6.1 billion in 2021.

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Loan Officer Purchase and sale agreement Loans Mortgages 358

Housing Wire

MARCH 9, 2022

Edgemac , which Incenter acquired at the end of last year, does due diligencing for mostly non-QM and jumbo loans, as well as private label reverse mortgages that could eventually be securitized. Edgemac assesses whether the loan can be securitized after the loan is closed. Presented by: Sagent Lending Technologies .

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Due diligence Loans Banks Mortgages 278

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. In this webinar, you will learn how to translate digital closing benefits into concrete metrics that will help you measure ROI. 5 Technology becomes fintech.

Mortgages 533

Mortgages Banks Loan Officer Technology 533

Housing Wire

DECEMBER 20, 2021

But now, as the strong refinance volume of 2020 and 2021 drops industry-wide, lending businesses find themselves at a crossroads: How will they manage the impact of fixed expenses until the next injection of loan volume? So, what can local lenders do to maintain longevity in their loan fulfillment operations in 2022 and beyond?

Marketing 308

Marketing Lending Technology Loans 308

Housing Wire

JANUARY 2, 2024

This has allowed TikTok to show its dominance not only for fashion and beauty influencers, but for brands as well. In the mortgage industry, we saw a significant number of loan officers and real estate agents join the platform to share educational home-buying tips targeted toward a younger audience and first-time homebuyers.

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Loan Officer Branding Mortgages Loans 406

Housing Wire

SEPTEMBER 11, 2023

Founded in 2022 by Eric Meadow, Home Sale Assured produces a “Guaranteed Backup” options contract, which enables existing homeowners to buy their next home before closing the sale of their current home. In the acquisition, Flyhomes will be acquiring the Home Sale Assured brand and Meadow will join Flyhomes as VP of partnerships.

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Debt-to-income ratio Sales Purchase and sale agreement Loans 353

Housing Wire

NOVEMBER 30, 2020

Paul Anastos has been on the forefront of innovation within the housing industry for over a decade, specializing in developing technology solutions and transforming businesses into industry powerhouses. The post 2020 HW Tech Trendsetter: Paul Anastos appeared first on HousingWire.

Loan Officer 263

Loan Officer Technology Development Loans 263

Housing Wire

JANUARY 6, 2022

Prior to the promotion, Walters oversaw mortgage servicing, client experience operations and capital markets and technology teams at Rocket Mortgage. Analysts have said the acquisition signaled Rocket’s push to diversify its business, particularly in technology, at a time when mortgage volume is slowing. Every Time. No Excuses.’”.

Mortgages 388

Mortgages Technology Finance Closing 388

Housing Wire

JULY 31, 2022

Unlike other solutions, Solex from Docutech is a fully integrated, end-to-end eClose solution meaning lenders work with only one vendor and implement one technology. And Docutech offers multiple solutions within the Solex brand to meet the needs of any lender in the space. Adam Stern, Chief Technology Officer, Docutech.

Technology 337

Technology Lending Agents Branding 337

Housing Wire

JANUARY 12, 2024

As a marketer by profession, I tend to put these companies into categories to create a narrative and to develop brand specificity. There are hundreds of companies that help with various parts of the transaction and process “supply chain,” from search and valuation to closing, from appraisal to title, from targeting to closing.

Finance 369

Finance Principal Residential Development 369

Housing Wire

FEBRUARY 8, 2021

“We’ve created a company that is built to serve customers throughout the entire loan transaction, from the onset of the purchase or refinance decision through loan closing and servicing,” Hsieh said in the prospectus. “We In terms of channel mix, loanDepot most closely resembles Rocket.

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Lending Branding Mortgages Loans 458