Housing Wire

OCTOBER 23, 2023

Click n’ Close , a mortgage lender mostly active in the wholesale and correspondent channels, appointed Kara Lamphere to the role of chief operating officer (COO). Prior to joining Click n’ Close, Lamphere was COO at InterLinc Mortgage. Formerly known as Mid America Mortgage, the company changed its name to Click n’ Close in June 2022.

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Housing Wire

APRIL 13, 2023

First Federal Bank will acquire the mortgage division of BNC National Bank , which will give the Florida-headquartered community-based bank a nationwide consumer direct mortgage platform. The purchase, which includes the bank’s consumer-direct technology platform, is expected to close in the second quarter of 2023.

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Banks Mortgages Loan Officer Residential 383

Housing Wire

APRIL 18, 2023

According to Sawan Tivakaran, SVP, titlegenius Product Owner, “Homebuyers continue to cite the closing process as one of the most stressful events in their lives. Radian has developed titlegenius to help improve the closing process for homebuyers, sellers and lenders alike.

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Housing Wire

SEPTEMBER 5, 2023

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. Sarah Wheeler: ICE’s acquisition of Black Knight just closed today. SW: ICE Mortgage Technology is known for its focus on automation.

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Technology Mortgages Loans Industrial 395

Housing Wire

FEBRUARY 14, 2023

Benchmark Administration (IBA) , will take on a new role as president of ICE Mortgage Technology starting on March 1. ICE’s appointment of Bowler as incoming president ICE Mortgage Technology comes at a crucial time for the company. ICE Mortgage Technology is also eyeing increased sales in its Encompass loan origination system in 2023.

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Technology Mortgages Lending Loans 383

Housing Wire

FEBRUARY 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported operating income of $57 million in 2022, down from last year’s $397 million — a reflection of the headwinds the mortgage industry is facing. The mortgage technology division at ICE posted $249 million in total revenue in the fourth quarter, down 9.8%

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Technology Sales Mortgages Lending 383

Housing Wire

MARCH 15, 2023

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. was open for business.

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Banks Mortgages Loans Loan Officer 370

Housing Wire

JULY 25, 2022

Pink slips will arrive for 58 employees working in the mortgage business at Texana Bank in California, according to a Worker Adjustment Retraining Notification (WARN) sent to the state’s Employment Development Department. The layoffs include loan officers, underwriters, processors, post-closing and secondary market staff.

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Banks Loan Officer Loans Lending 370

Housing Wire

NOVEMBER 1, 2021

The lender announced Friday a partnership with Salesforce to deliver Rocket’s mortgage origination capabilities directly to banks, credit unions and other FIs through Salesforce Financial Services Cloud. ” There are nearly 5,000 FDIC-insured banks and more than 5,000 credit unions in the U.S. .

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Banks Mortgages Loan Officer Lending 417

Marco Santarelli

APRIL 28, 2024

The banking sector is often seen as a barometer for the broader economy , and the closure of a bank can send ripples through the financial community. In 2024 , the United States witnessed its first bank failure of the year with the closure of Republic First Bank.

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Housing Wire

DECEMBER 9, 2021

We’ve experienced the important role technology can play in helping homeowners access the tools and solutions their mortgage servicer is offering. We’re using] our technology to help homeowners and servicers alike facilitate more convenient and more equitable access to loan products and closings.”. HousingWire: ??Stavvy

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Housing Wire

JULY 31, 2022

The Closing Exchange (TCX) partners with its clients to configure solutions to support their workflow at every stage of their digital evolution. CXChoice is an integrated SaaS technology and production platform used to assign notaries to each order, based upon criteria set by the client.

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Closing Title Technology Staging 370

Housing Wire

JUNE 30, 2022

In response, many brokers are relying on extra support, and Flagstar Bank offers exactly that. We have a broad product set, competitive pricing and great technology,” said Lee Smith, EVP and president of mortgage. Our brokers are our partners. We treat them like family and want to help them grow their businesses and be successful.”.

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Lending Banks Technology New Construction 370

Housing Wire

NOVEMBER 18, 2021

HousingWire recently sat down with Joe Hallett, Fannie Mae’s Vice President – Digital Products Management, to discuss how Fannie Mae is leveraging technology to expand access to homeownership. This conversation, and the challenging questions it raised, hit close to home for us here at Fannie Mae.

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Technology Lending Mortgages Industrial 427

Housing Wire

APRIL 9, 2024

It’s supported by Varun Krishna , a veteran in the financial technology world and former executive at Intuit and PayPal , who was appointed as the company’s new CEO in July 2023, replacing Bob Walters. The lender says the technology allows the company to close loans 2.5 Rampell co-founded several fintech firms, including Affirm.

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Loans Technology Mortgages Finance 461

Housing Wire

DECEMBER 1, 2020

Flagstar Bank and the FinTech Consortium revealed that fintech startups Home Lending Pal , Stavvy and Real Key are the latest initiates to the companies’ ongoing MortgageTech Accelerator program. Explore three steps that enable technology to work more efficiently, which helps drive profitability. Presented by: Total Expert.

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Banks Mortgages Lending Technology 338

Housing Wire

MARCH 12, 2024

Lenders can choose to integrate and configure many third-party services such as verification of asset, verification of employment/ verification of income , e-signing and e-closing. Unlike off-the-shelf POS solutions, Blueprint Builder allows lenders to customize technology that is designed to help improve operations, Maxwell noted.

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Lending Technology Loans Equity 417

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 487

Housing Wire

JANUARY 22, 2024

Sagent , a fintech software company providing a servicing management platform for banks and lenders, appointed Chris Marshall as executive chairman. 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.

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Technology Banks Equity Mortgages 415

Housing Wire

FEBRUARY 8, 2024

Bloomberg also reported that several banks, including JPMorgan Chase & Co. and Bank of America Corp. DocuSign’s market capitalization is close to $10.5 DocuSign had 7,336 employees at the end of 2023. have held talks to provide as much as $8 billion to finance a buyout of DocuSign. billion with a share price of $51.33

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Sales Banks Technology Investor 427

Housing Wire

MAY 15, 2024

We couldn’t be more excited about this game-changing technology that Proof is bringing to its platform,“ Aaron Davis, the CEO of Florida Agency Network , the state’s largest independent title agency , said in a statement. According to the company’s announcement on Tuesday, the tool is built into the Proof platform.

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Housing Wire

JANUARY 11, 2024

Radian Group announced a strategic investment in FinLocker that will closely connect the technology between Radian’s Homegenius platform and FinLocker’s financial fitness and homeownership platform. Clients of FinLocker include loan officers, mortgage lenders, servicers, banks and credit unions.

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Loan Officer Technology Loans Banks 437

Housing Wire

FEBRUARY 27, 2024

But before diving back in headfirst, it would be worthwhile for lenders to think through what the last two years of scarcity reveal about the normal working model of an independent mortgage bank (IMB). Last year, Floify commissioned an independent study of 150 high-performing loan originators (LOs) to gain recruiting and retention insights.

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Finance Technology Loans Industrial 417

Housing Wire

MAY 16, 2023

Wells Fargo -backed mortgage fintech Maxwell has struck a deal to acquire mortgage solutions provider LenderSelect Mortgage Group from Blue Ridge Bank. ” Richmond, Virginia-based LenderSelect Mortgage Group, which provides mortgage loan solutions to lenders, closed its sale to Blue Ridge Bankshares Inc.

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Housing Wire

DECEMBER 29, 2023

.” Though details about the hack — which has delayed closings across the country — remain sparse, a filing was made with the Securities and Exchange Commission on Friday for the first time disclosing data theft. “As of the date of this filing, the Company believes it has contained the incident.

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Housing Wire

DECEMBER 22, 2023

Williston Financial Group is closing out 2023 with yet another acquisition. The firm announced Thursday that MyHome , a WFG subsidiary, has acquired technology and marketing services provider Volly. Launched in 2004, 10 of the nation’s top 30 banks work with Volly. The financial terms of the deal were not disclosed.

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Title Staging Technology Banks 427

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Market indicators so far appear tentatively promising. year over year as of the third quarter of last year.

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Equity Lending Banks Loans 462

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. Each of Figure’s new partners will leverage Figure’s HELOC technology to create a branded product for their customers, the firm said in a statement.

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Equity Lending Technology Loans 370

Housing Wire

JANUARY 18, 2024

issues per loan indicating the lack of appropriate controls by closing agents to identify and fix issues. Closing protection letter (CPL) issues were found on 49% of transactions, CPL validation issues on 8% of entire transactions and wire risks on 9% of transactions in Q4. “We On average, problematic loans had 2.2

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Title Banks Loans Closing 437

Housing Wire

JUNE 8, 2023

While the real estate industry is optimistic about integrating new technologies, including artificial intelligence, into home sale transaction workflows, Bullion-Mincy and Lakhani-Bhatt warned that new technology also brings new opportunities for fraudsters. Can you afford to lose a million dollars? Lakhani-Bhatt asked.

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Housing Wire

MARCH 12, 2024

exited the wholesale channel last month, following the departures of Citizens Bank and loanDepot from the channel in 2023 and 2022, respectively. Last year, Homepoint shut down operations, while Wells Fargo closed its correspondent lending business. The largest U.S. Fairway Independent Mortgage Corp.

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Mortgages Marketing Lending Banks 462

Housing Wire

MAY 14, 2024

Homeownership is used far too often as the federal piggy bank. But our members are smaller independent mortgage banks (IMBs), so we have concerns that, if not properly handled, dual compensation simply results in mega realtor/lender firms that crush smaller IMBs. The American homebuyer needs help. But it’s time for a reality check.

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FHA loan Loans Title Mortgages 349

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. After all, it still takes 43 days, on average, to close a loan.

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Mortgages Banks Technology Finance 407

Housing Wire

DECEMBER 7, 2023

The company’s close partnerships with mortgage brokers and correspondents transforms feedback into impactful products, technology and services that help clients grow their businesses in any economic environment. That’s made Flagstar a true partner to the 3,600 clients the bank has served in its 35-plus year history.

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Lending Banks Technology Mortgages 329

Housing Wire

MAY 2, 2021

Real estate technology has changed rapidly over the last few years, and property valuation is no exception. Efficient data collection with aggregation and next-generation market analytics can drastically impact the closing process. Today, borrowers and lenders alike expect an easy and expedited home loan experience.

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Technology Inspection Loans Residential 236

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. billion, according to a review of bond-rating and industry reports. billion.

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Housing Wire

MAY 24, 2021

Stavvy, a Boston-based fintech, announced Monday that it landed a $40 million Series A funding round led by Morningside Technology Ventures. Servicers must be powered by nimble technology to be heroes to borrowers, stalwarts to investors, and stewards of consumer protection to regulators. Presented by: Sagent Lending Technologies.

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