Housing Wire

NOVEMBER 15, 2023

mortgage lender, has decided to close its wholesale channel, which produced over $1 billion in volume in the first half of this year. It was enough to make it the 10th largest wholesale lender in the country, per IMF data. Another letter reviewed mentioned the date of Dec. In 2018, it acquired Franklin American Mortgage.

Banks 405

Banks Mortgages Finance Brokerage 405

Housing Wire

FEBRUARY 12, 2024

As the mortgage industry grapples with a changing market and regulatory complexities, we sat down with Amanda Phillips, Executive Vice President of Compliance at ACES Quality Management , to discuss how lenders can foster long-term success through a robust servicing QC process. Dot your I’s and cross your T’s with a paper trail.

Mortgages 352

Mortgages Loans Lending Technology 352

Housing Wire

APRIL 25, 2024

Taylor Stork, president of the Community Home Lenders of America, speaks at The Gathering by HousingWire on Wednesday, April 25, 2024. chief operating officer and Community Home Lenders of America (CHLA) President Taylor Stork. The session featured Developer’s Mortgage Co. This pilot helps mitigate the risk of repurchase, he said.

Loans 308

Loans Staging Mortgages As-is 308

Housing Wire

AUGUST 8, 2023

Through the AURA API solution, technology partners can provide lenders with a consolidated version of all the necessary data to assess the risk associated with an appraisal. These insights are presented to reviewers during the initial appraisal review, minimizing potential errors and compliance issues.

Technology 316

Technology Loans Investor MLS 316

Housing Wire

JANUARY 23, 2024

Smart Underwrite allows lenders to digitally analyze and interpret all essential loan data and documentation the moment they are received. The integration with The Work Number will enable credentialed lenders to instantly verify applicants’ employment and income information through seamless API connections, Gateless said.

Technology 339

Technology Loans Mortgages 339

Housing Wire

JANUARY 30, 2024

This includes reviewing and updating such systems on at least an annual basis, and incorporating emerging best practices that have become more standard after a series of high-profile cybersecurity incidents have rocked prominent companies in the housing industry. Last May, OneMain Financial was forced to pay $4.25

Title 372

Title Industrial As-is Finance 372

Housing Wire

FEBRUARY 29, 2024

Liberty Reverse Mortgage , a top 10 reverse mortgage lender owned by Ocwen Financial Corp. The suit, filed by former Liberty employee Michaela LaNere in Sacramento County Superior Court , seeks to recoup lost wages and other associated damages as detailed in a court complaint, which was reviewed by RMD.

Mortgages 330

Mortgages As-is Industrial 330

Housing Wire

JANUARY 8, 2024

mortgage lender loanDepot confirmed Monday morning that it is the industry’s latest cyberattack victim. The California-based lender, which originated roughly $17 billion in mortgage loans from January to September 2023, said it has launched an investigation with the support of cybersecurity experts. Top-15 U.S. ”

Mortgages 508

Mortgages Title Technology Industrial 508

Housing Wire

MAY 11, 2023

This integration allows lenders to access Flueid’s title data and insights during the loan application process, resulting in time savings and a simplified consumer experience. Loan officers and underwriters can now easily check title information and review critical insights to understand the status of a property and consumer.

Loans 343

Loans Title Title search Loan Officer 343

Housing Wire

JANUARY 26, 2024

The past three years in the mortgage industry were cutthroat, with origination volume shrinking, and while things are looking better for 2024 , lenders are still in a position where they must make bold moves to stem losses on the production side of the business, according to a report from Stratmor Group , a mortgage advisory firm.

Loans 410

Loans Banks Mortgages As-is 410

Housing Wire

JANUARY 3, 2024

Nonbank mortgage lender and servicer Pennymac Financial Services issued pink slips to more than 80 employees in November as it faced tough headwinds in 2023. 15 and reviewed by HousingWire. The California-based lender delivered a $92.87 The California-based lender delivered a $92.87 Pennymac had originated more than $72.3

Loan Officer 353

Loan Officer Development Mortgages Investor 353

Housing Wire

SEPTEMBER 11, 2023

Lenders often rely on their post-closing QC process to identify and rectify loan quality and/or compliance issues. While it’s no secret the industry is cyclical, many lenders fail to adequately prepare for this reality. From there, lenders seek to cut costs as volumes and, eventually, profitability decline. It’s life changing.”

Mortgages 346

Mortgages Loans Lending Industrial 346

Housing Wire

SEPTEMBER 19, 2023

Mortgage lenders want to make sure the property is worth the sale price. The report is submitted to the lender, the buyer and the seller — when requested. The lender reviews the appraisal Now, the crucial work begins. Review the final appraisal to ensure everything is accurate and no data points are missing.

Agents 441

Agents Inspection Sales Commercial 441

Housing Wire

AUGUST 3, 2022

The most recent layoff came on Tuesday when the California-based lender eliminated several hundred positions, including loan officers, mortgage underwriters, processors and training specialists, multiple former employees said. Licensed in 49 states across the nation, the lender has 159 active branches nationwide and originated $31.8

Bankruptcy 417

Bankruptcy Loan Officer Mortgages Loans 417

Housing Wire

JANUARY 29, 2024

The National Reverse Mortgage Lenders Association (NRMLA) announced that it will return to the Western U.S. In 2019, the event took place in Nashville, in a generally well-regarded and -reviewed annual meeting. for its 2024 annual meeting, which will take place slightly earlier in the year than usual, according to a member alert.

Mortgages 353

Mortgages Development As-is 353

Housing Wire

DECEMBER 11, 2023

Wells Fargo , once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts to select borrowers, CNBC reported. Loan discounts — known as pricing exceptions — is when a lender makes exceptions to its established credit standards.

Mortgages 412

Mortgages Lending Loans Loan Officer 412

Housing Wire

FEBRUARY 22, 2024

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) announced the launch of an inquiry into Ginnie Mae ’s monitoring of now-bankrupt lender Reverse Mortgage Funding (RMF), and its extinguishment from the Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program. Late last year, the U.S.

Bankruptcy 342

Bankruptcy Loans Mortgages Equity 342

The Mortgage Report

SEPTEMBER 23, 2020

The 9 best mortgage lenders for Below are the nine best mortgage lenders this year. We selected these companies based on their customer service, expertise, selection of loan products, and […].

Mortgages 128

Mortgages Loans VA loan 128

Housing Wire

OCTOBER 10, 2022

As the market shifts, lenders still need to be conscious of loan quality. We’re also seeing credit boxes expand as lenders try to gain market share in a challenging environment. Across the spectrum, lenders must adhere to various procedures and audits to guarantee that specific loans meet purchasing requirements.

Due diligence 329

Due diligence Mortgages Loans Lending 329

Housing Wire

FEBRUARY 28, 2024

According to a copy of an email sent to affected originators this week and reviewed by HousingWire, the Rocket Pro Originate platform — part of the company’s third-party origination channel — is to be sunset by the end of June. The lender is also providing a discount on data intelligence software Mobility Market Intelligence.

Agents 505

Agents Loans Mortgages Closing 505

Housing Wire

JANUARY 3, 2022

Appraisal management company Clear Capital , in the latest effort to revamp the appraisal process, hopes to automate property photo reviews to ensure data and photo consistency with its photo review product , ClearPhoto. It will be widely available to users sometime during the first quarter of 2022 through ClearCollateral Review.

Technology 382

Technology Inspection Loans Residential 382

Housing Wire

SEPTEMBER 9, 2022

The wholesale lender last week laid off 913 employees, according to a review of Worker Adjustment and Retraining Notification notices filed in Arizona, Florida, Michigan and Texas. It’s down about three-quarters from summer of 2021, when the Ann Arbor, Michigan-headquartered lender had about 4,000 workers overall.

Finance 406

Finance Loans Lending Mortgages 406

Housing Wire

OCTOBER 16, 2023

The panel noted the findings of the latest Fannie Mae mortgage lender sentiment survey. Lenders that adopt generative AI into the mortgage lending landscape wanted to see operational efficiency , the survey showed. There is not one playbook (in terms of implementing AI) (…) Not every problem has the same AI tool,” Zeibert noted.

Due diligence 382

Due diligence Lending Technology Mortgages 382

Housing Wire

FEBRUARY 9, 2023

LauraMac, a provider of mortgage loan review SaaS technology, announced on Thursday that it has integrated with LoanLogics IDEA , an intelligent document processing and data extraction technology. The resulting data will then be integrated into LauraMac’s Loan Review and incorporated into the workflow and processed by configurable rules.

Due diligence 256

Due diligence Technology Loans Mortgages 256

Housing Wire

APRIL 14, 2022

As automation continues to make a sizable impact on the real estate industry, finding the smartest ways to utilize it can help lenders sharpen their competitive edge. HousingWire: From loan origination to closing, where are some key opportunity areas that could offer lenders a competitive advantage?

Loans 375

Loans As-is Investor Development 375

Housing Wire

SEPTEMBER 26, 2023

Acra Lending , a private mortgage lender, announced its integration with Tavant ’s Touchless Lending Collateral Analysis. It was designed to seamlessly integrate with existing lender systems, including CRMs, Point-of-Sales, LOS, and document management systems. Collateral Analysis automates an underwriter’s appraisal review process.

Lending 338

Lending Technology Investor Mortgages 338

Housing Wire

OCTOBER 16, 2023

Regarding lenders’ vociferous complaints about increased loan buybacks from Fannie Mae and Freddie Mac , FHFA Director Sandra Thompson said the regulator expects originators to deliver loans consistent with the guidelines. Within that 60%, repurchase requests to vitally important small and community lenders are even lower, down 68%.”

Loans 361

Loans Mortgages Development As-is 361

Housing Wire

DECEMBER 15, 2023

31, the Dallas-based servicer and lender said it had experienced a cybersecurity incident with an unauthorized third party accessing certain portions of its technology systems and customer data. Forensic review of the cyberattack, engagement with law enforcement and regulators, and litigation defense are ongoing.

Technology 388

Technology Investor Loans Mortgages 388

Housing Wire

NOVEMBER 3, 2023

In a new agreement, the CDFI Fund has withdrawn its decertification of Change Lending from the CDFI Fund and, in exchange, the lender will drop its lawsuit against the Treasury Department, according to a letter sent to Change’s attorneys from the Department of Justice on Oct.

Lending 354

Lending Principal Finance Loans 354

Housing Wire

OCTOBER 31, 2022

Mortgage fintechs Sales Boomerang and Mortgage Coach reduced employee headcount by at least 20 this month as the industry struggles to stay afloat amid mortgage lenders rightsizing during one of the most challenging times. How mortgage lenders are qualifying the value of fintech solutions. After reporting a $478.4

Sales 376

Sales Mortgages Loan Officer Loans 376

The Mortgage Report

JUNE 29, 2021

Learn about the best mortgage lenders on the market. Compare top lenders for mortgage rates, customer service, and loan requirements.

Mortgages 111

Mortgages Loans Marketing 111

Housing Wire

JULY 6, 2023

At the direction of the FHFA, Fannie Mae and Freddie Mac have worked together to update project review requirements to assist lenders in identifying projects that may have issues that result in unsafe conditions, and to promote sustainable homeownership,” the update states.

Inspection 331

Inspection Finance Sales As-is 331

Housing Wire

MARCH 25, 2024

On the heels of the $418 million settlement recently announced by the National Association of Realtors (NAR), mortgage trade group Community Home Lenders of America (CHLA) has called on the U.S. The official added that the VA recognizes that potential changes may be forthcoming in the industry as a result of the proposed NAR settlement. “VA

Agents 430

Agents VA loan Loans Mortgages 430

Housing Wire

JANUARY 8, 2024

The new agreement The agreement, stemming from a proof of claim filed against RMF by Celink in May 2023, originally sought $361,726 from the lender based on a subservicing agreement entered between both companies in late 2016. of the originally sought amount.

Bankruptcy 328

Bankruptcy Mortgages Equity Industrial 328

Housing Wire

SEPTEMBER 20, 2022

There’s an opportunity here for risk and QC teams to encourage trust in the lending space through strong processes and review. HW: Why should the C-Suite and leaders of lenders have additional emphasis on weaving in QC, risk and loan quality as part of their strategy and budgets?

Loans 300

Loans Marketing Pre-approval Lending 300

Housing Wire

JANUARY 19, 2023

Seasoned lenders are going “back to the basics,” focusing on relationship building and outreach to generate business. The survival tactic lenders too often miss is doubling down on loan quality to ensure immediate salability to investors or long-term servicing performance.

Loans 329

Loans Lending Investor Mortgages 329

Housing Wire

FEBRUARY 14, 2024

It’s the largest acquisition to date for retail lender Guild, which has closed six deals since 2021, including last year’s purchases of Legacy Mortgage , Cherry Creek Mortgage and First Centennial Mortgage. of the retail market share among nonbank retail mortgage lenders, ranking eighth nationally.

Mortgages 397

Mortgages Loan Officer Loans Closing 397