Housing Wire

JULY 12, 2021

The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. Terms of the deal were not disclosed, but the Financial Times reported that SoftBank -backed Better bought Trussle for a “cut-price,” one that values the mortgage brokerage at just $9 million.

Brokerage 359

Brokerage Mortgages Loan Officer Banks 359

Housing Wire

MARCH 21, 2024

While reverse mortgage volume in 2024 got off to a rocky start, new data that breaks out retail Home Equity Conversion Mortgage (HECM) endorsements versus wholesale production showed that it was the former that took the bigger hit in the first month of the year, based on new data compiled by Reverse Market Insight (RMI). to 358 loans).

Mortgages 341

Mortgages Loans Equity Principal 341

Housing Wire

AUGUST 25, 2022

That has contributed to UWM’s competitors taking losses on loans when they can least afford it. During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans.

Mortgages 384

Mortgages Equity Loans Seller concession 384

Housing Wire

APRIL 4, 2022

Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 million premium over Bay Equity’s tangible book value” as of Feb. 22, according to the news release.The move allows Redfin agents in 91 markets to begin referring customers to one of 400 local Bay Equity loan officers as of Monday.

Closing 364

Closing Mortgages Loan Officer Pre-approval 364

RIS Media

APRIL 20, 2022

Redfin has completed its big-ticket purchase of Bay Equity Home Loans. To that end, Kelman said that Redfin and Bay Equity have already hit the ground running by getting both sides in tune with each other. The Seattle-based company is integrating all lending operations under Bay Equity, which will still operate under that name.

Equity 86

Equity Loan Officer Lending Loans 86

Housing Wire

FEBRUARY 26, 2024

Reverse mortgage loan originators all seem to agree that 2024 is off to a better overall start in business than a tepid 2023 might suggest. When the property no longer serves as the borrower’s primary residence, the remaining loan balance is paid back. Florida is already an extremely popular retirement destination in the U.S.,

Marketing 342

Marketing Fixed-rate mortgage Loans Mortgages 342

Housing Wire

APRIL 1, 2024

NEXA’s businesses America’s largest mortgage brokerage, NEXA originated $6.29 billion in mortgage loans in 2023, according to Kortas. As of Monday, the company had 2,391 sponsored mortgage loan officers, per the Nationwide Multistate Licensing System (NMLS). The lawsuit states that Kortas had 50.5%

Loan Officer 332

Loan Officer Brokerage Mortgages Loans 332

Housing Wire

JUNE 14, 2022

A brokerage owner in Brooklyn, Kevin Leibowitz, said he hasn’t seen enough lenders expand the credit box to get more borrowers, but he expects loans will be loosely underwritten compared to two years ago. . The post Credit scores dropped in May, but what does that mean?

Equity 324

Equity Lending Loans Mortgages 324

Housing Wire

NOVEMBER 17, 2021

On Wednesday, the brokerage announced perhaps its biggest move ever outside the Windy City, stating that they have acquired Christie’s International Real Estate , a New York City-based brokerage. The brokerage was founded 2000 by Thad Wong and Mike Golden , who remain the companies’ co-CEO’s. The deal is set to close Dec.

Brokerage 379

Brokerage Residential Equity Branding 379

Housing Wire

JULY 18, 2022

Purchase-focused lenders that didn’t balloon in size to capture refinancing business during the boom, in particular, are looking to hire loan officers. And mortgage brokerages, which don’t have the burden of high overhead, are heavily recruiting retail LOs whose pipelines have thinned in recent months.

Mortgages 441

Mortgages Banks Brokerage Loans 441

Housing Wire

AUGUST 21, 2023

The fastest-growing housing tech firm in 2023 was OptiFunder , which claims to produce the mortgage industry’s only optimization software built to systematically decision warehouse funding allocations and automate the complicated process of funding through loan sale. Based in Missouri, OptiFunder had a three-year growth rate of 4,767%.

Equity 349

Equity Technology Investor Lending 349

Housing Wire

AUGUST 7, 2023

Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading. The GSE’s $8B profit in 2Q could buy most of the brokerage industry. The reckoning has brought staff reductions, loan repurchases, higher reserves and mass consolidation.

Lending 322

Lending Loans Technology Brokerage 322

Realty Biz

FEBRUARY 17, 2022

Today’s skyrocketing home values have resulted in 42% of homeowners with mortgages being “Equity Rich” at the end of 2021 (according to Attom real estate data). In total, that is an incredible amount of equity wealth. trillion in available equity, which is a 35% jump in a single year. How Equity Wealth is Created.

Equity 84

Equity Principal Loans Mortgages 84

Housing Wire

AUGUST 16, 2022

“The edge that we have as a local lender focusing on Maryland and the Mid-Atlantic is to meet with investors in person and closing loans more quickly than national lenders,” said Joshua Shein, partner at Trius Lending. We raise funds from outside investors and that’s how we fund these loans. 1673, with growth of 372%.

Mortgages 362

Mortgages Lending Investor Loans 362

Housing Wire

APRIL 22, 2024

My name is (your name), and I’m a licensed real estate professional with (your brokerage). I would be happy to give you an equity analysis and let you know how much equity you have in your home. For letters, use the template below: Dear (first name), I’m (your name), a real estate professional with (brokerage).

Brokerage 334

Brokerage Investor Agents Pre-approval 334

Housing Wire

APRIL 30, 2024

After the release of proposed new rules for the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program late last year, the reverse mortgage industry expressed a lot of excitement. AARP applauds HUD’s update to its Home Equity Conversion Mortgage for Purchase Program which keeps vital consumer protections in place,” Jones said.

Mortgages 314

Mortgages Closing costs Equity Construction 314

Housing Wire

AUGUST 29, 2022

Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%. billion in loans over the first six months of 2022 — for total proceeds of $871.7 UWM’s loan production income of $296.5

Equity 402

Equity Loan Officer Loans Mortgages 402

Housing Wire

AUGUST 1, 2023

Jennifer McGuinness CEO Pivot Financial Jennifer Battista President of Operations and Insurance, Title – Settlement Services Anywhere Integrated Services Jennifer Vallinayagam Chief Operating Officer Sun West Mortgage Company Jennifer Lind Regional President, West Coldwell Banker Realty Jessica Sturm Executive Vice President Opteon Jillian White (..)

Lending 370

Lending Title Mortgages Equity 370

Housing Wire

OCTOBER 25, 2022

The company is working with commercial brokerage Eastdil Secured to find a partner for a $1 billion joint venture, according to Bloomberg’s sources. The company had received a $1 billion, interest-only loan in 2017. The search for a partner is in the early stages and is not guaranteed to materialize, Bloomberg reported.

Commercial 313

Commercial Investor Staging Equity 313

Housing Wire

FEBRUARY 18, 2022

You can’t please all the people all of the time, but Redfin is a unique real estate brokerage , an instant homebuyer, a popular listings website, a platform for renters, a mortgage company, a title company, a concierge service, and a research service on the U.S. housing market. What does that all add up to?

Bankruptcy 384

Bankruptcy Brokerage Title Equity 384

Housing Wire

OCTOBER 11, 2023

This year, 100 honorees were selected for their outstanding leadership in the midst of market volatility. Congratulations to this year’s Vanguards honorees. Take a look at the full list below.

Lending 452

Lending Technology Mortgages MLS 452

Housing Wire

JUNE 24, 2021

After years of aggregating behavioral data from homebuyers and homesellers at the largest real estate brokerages in the country, Buyside is proud to announce the launch of their expansion into core & ancillary services by focusing on the homeowner.

Pre-approval 281

Pre-approval Equity Loan Officer Brokerage 281

Housing Wire

SEPTEMBER 13, 2023

A fly in the ointment, however, particularly for some independent mortgage banks (IMBs), is the elevated risk of agency loan-repurchase demands — triggered by loans that violate Fannie Mae ’s or Freddie Mac ’s rep and warranty policies due to some defect discovered during the agencies’ post-origination quality-review processes.

Due diligence 376

Due diligence Marketing Loans Mortgages 376

Housing Wire

FEBRUARY 1, 2024

Stifled The Fair Housing Center of Metropolitan Detroit shared that loan denial rates in Detroit, due to the appraised value of a home (a.k.a. Homeowner subsequently misses out on appreciation, equity , capital gains and generational wealth/inheritance due to their home being devalued simply because of race/color/ethnicity.

Lending 366

Lending Equity Development Loans 366

Housing Wire

FEBRUARY 3, 2021

Federal authorities this week announced multiple fraud charges against real estate developer Andrzej Lajewski, 53; loan originator Agnieszka Siekowski, 46; loan processor Aldona Bobrowicz, 45; and home remodeler Andrzej Bukowski, 66. Attorney’s Office in Chicago said Tuesday. Presented by: FundingShield.

Mortgages 346

Mortgages Loans Banks Lending 346

Housing Wire

NOVEMBER 16, 2022

trillion in loans, about half of 2021’s $4.4 Within the past week, one of the nation’s largest retail mortgage lenders, Charlotte-based Movement Mortgage , announced the acquisition of Mortgage Network, a deal that would add $2 billion in annual loan volume, 250 mortgage professionals and 31 branch offices to its network.

Banks 398

Banks Mortgages Loan Officer Due diligence 398

Housing Wire

FEBRUARY 24, 2022

But like real estate brokerage Compass , another company significantly financed by the SoftBank Vision Fund , Opendoor has constructed an empirically money-losing business model with little sign of reversing course. One hypothetical path to profitability is ancillary services, particularly Opendoor mortgage loans and title insurance.

Title 424

Title Investor Finance Brokerage 424

Housing Wire

SEPTEMBER 7, 2023

Some of the nation’s largest real estate brokerages, including Keller Williams, RE/MAX , HomeServices of America as well as the National Association of Realtors , are facing three class action lawsuits (NAR is only named as a defendant in two lawsuits) that could result in the industry paying out tens of billions in damages.

Agents 373

Agents Loan Officer Lending MLS 373

RIS Media

OCTOBER 12, 2021

Whatever the reason, Americans ages 25 to 40 display noticeably different attitudes about tapping their home equity than do older homeowners. On the other hand, only 49% of millennials say they’d tap equity for home improvements, compared with 64% of Generation X and 66% of boomers. Life experiences are a little more important to them.

Equity 84

Equity Loans Mortgages As-is 84

Housing Wire

JANUARY 5, 2021

The platform allows loan officers to become “mobile originators,” using their smartphones to view applications, pull credit reports and oversee all aspects of the loan process while connecting in real-time to their LOS.

Loan Officer 386

Loan Officer Lending Equity Mortgages 386

Housing Wire

JANUARY 13, 2021

In 2017, Guaranteed Rate struck a deal with the largest real estate brokerage conglomerate in the country, Realogy , to form a landmark joint venture. It has paid off in spades: the combined company, Guaranteed Rate Affinity , originated $5 billion in loans during the first half of last year. But one JV in particular had eluded him.

Brokerage 310

Brokerage Equity Loans Investor 310

Housing Wire

FEBRUARY 16, 2021

million in equity financing and $17.5 UpEquity essentially makes free cash offers but charges interest – currently 2.5% – on the loans it provides to homeowners, who can make an offer on a house without having to go through a bank to get a mortgage. How this real estate brokerage’s unique model generates more profit for agents.

Loans 251

Loans Equity Mortgages Development 251

Housing Wire

JULY 13, 2021

Guaranteed Rate, the Chicago-based mortgage lender , and Compass, the New York City-headquartered residential real estate brokerage , “entered into a definitive agreement to form OriginPoint , a new mortgage origination company,” according to a press release Tuesday. 2 brokerages in residential sales volume nationally – and bitter rivals.

Purchase and sale agreement 293

Purchase and sale agreement Brokerage Loan Officer Mortgages 293

Housing Wire

MARCH 18, 2021

Offerpad will also receive a $200 million commitment from private equity investors such as BlackRock and Zimmer Partners. Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors.

Loan Officer 418

Loan Officer Technology Equity Brokerage 418

Housing Wire

NOVEMBER 20, 2020

Fairhaven is a fair housing simulation exercise that will be offered directly to NAR members, brokerage firms and Realtor associations, NAR said. Quicken Loans Mortgage Services is proud to partner with a diverse set of brokers, which broadens the pool of potential clients they serve together. Fairhaven is also a part of NAR’s ACT!

Equity 402

Equity Loans Industrial Brokerage 402

Housing Wire

APRIL 9, 2024

Despite the more regional focus of WSFS Mortgage’s reverse mortgage offerings — which offers the loans through its brokerage — the survey itself was conducted nationwide with a research company enlisting responses from 750 homeowners at or over the age of 60.

Mortgages 326

Mortgages Equity Banks Brokerage 326

Housing Wire

AUGUST 20, 2021

Congratulations to all of the entrepreneurs, founders and executives who have survived the onslaught of phone calls, emails and DMs from first-year private equity associates (yeah… we’re looking at you Summit Partners ….). Aaron Strawn, senior loan officer at Ruoff Mortgage (294% growth) pointed to his company’s leadership. “We

Title 441

Title Equity Mortgages Loan Officer 441