Housing Wire

JANUARY 11, 2023

In its 3rd year, the HW Finance Leaders award is celebrating the industry’s top finance executives who have muscled through another unprecedented year in housing and helped their organizations come out on top. So what does it take to be among the HW Finance Leaders? Click here before the January 27th deadline!

Finance 383

Finance Banks Brokerage Closing 383

Housing Wire

JULY 31, 2023

Flagstar Bank , a top-25 U.S. Flagstar made news in recent months, expanding its footprint and further diversifying its business model with the completion of the merger with New York Community Bancorp (NYCB) and the acquisition of certain financially and strategically complementary parts of Signature Bank.

Banks 355

Banks Mortgages Commercial Lending 355

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%

Technology 376

Technology Sales Mortgages Lending 376

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.

Banks 362

Banks Mortgages Loans Loan Officer 362

Housing Wire

JULY 25, 2023

F2 Finance wants to scoop up a share of a “fragmented” fix-and-flip market as a lack of housing inventory sharply limits transactions. just to give an idea of how fragmented it is in terms of the lender,” Christian Faes, founder of F2 Finance, said in an interview with HousingWire. LendInvest has more than $4.7 billion (£3.7

Finance 360

Finance Marketing Lending Loans 360

Housing Wire

SEPTEMBER 26, 2023

Blend Builder – an initiative that started about four years ago and launched in March 2023 – is a cloud banking platform designed to help businesses in the financial services industry streamline processes for mortgages, loans, deposits and accounts. “We To reach a key financial goal in 2026, Blend Labs plans to diversify far beyond mortgage.

Banks 410

Banks Mortgages Loans Investor 410

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

Technology 381

Technology Mortgages Loans Industrial 381

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.

Banks 103

Banks Commercial Loans Technology 103

Housing Wire

MAY 8, 2024

PMG offers platforms for human resources, finance, technology , legal and compliance services to its group of lenders. As a minority-led independent mortgage bank, it is licensed in 43 states. The 1st Generation program focuses on borrowers who are the first member in their family to purchase a home.

Loans 341

Loans Mortgages Lending Branding 341

Housing Wire

MAY 13, 2024

The FSOC report, released on Friday, states that these companies quickly adapt their operations to market conditions, are early adopters of technology and are key for underserved borrower groups. In addition, nonbanks represent seven of the 10 largest servicers of Fannie Mae , Freddie Mac and Ginnie Mae loans. Treasury Secretary Janet L.

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Bankruptcy Finance Mortgages Banks 390

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.

Loans 435

Loans Technology Mortgages Finance 435

Housing Wire

FEBRUARY 5, 2021

Multi-year HousingWire Tech100 winner Built Technologies , a construction finance software and construction payment technology company, closed an $88 million Series C funding round. Modern construction finance requires new infrastructure altogether. and Canada. and Canada.

Technology 261

Technology Closing Construction Commercial 261

Housing Wire

APRIL 20, 2021

The public response to the recent Federal Housing Finance Agency (FHFA) Request for Information on appraisal-related issues was significant, with 164 unique written comments. These entities make many other comments about technology, workforce options, modernization and the need for change. ” The Value of the Human Appraiser. .”

Technology 397

Technology Due diligence Lending Industrial 397

Housing Wire

MAY 7, 2024

Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% The increased awareness around these benefits have positioned brokers to be the obvious choice when it comes to consumer mortgage needs, keeping them competitive with large banks and retail lenders.

Industrial 436

Industrial Loan Officer Marketing Loans 436

Housing Wire

FEBRUARY 8, 2024

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

Sales 423

Sales Banks Technology Investor 423

Housing Wire

OCTOBER 5, 2023

Saluda Grade , a real estate advisory and asset-management firm specializing in alternative lending products in the nonbank sector, and its fintech partner, Unlock Technologies , this week priced the industry’s first rated securitization backed entirely by shared-equity contracts (which Unlock calls HEAs). billion.

Equity 415

Equity Purchase and sale agreement Marketing Lending 415

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. He added: “We have a tremendous amount of proprietary technology being built.

Mortgages 403

Mortgages Banks Technology Finance 403

Housing Wire

FEBRUARY 27, 2024

After slowing to a 30-year low in 2023, the gears of housing finance are re-engaging. 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).

Finance 417

Finance Technology Loans Industrial 417

Housing Wire

JUNE 30, 2021

That’s where Finance of America Mortgage (FAM) TPO’s Two-X Flex suite of proprietary jumbo and non-QM products comes into the picture. For a long time, conventional refinances were the norm in product offerings. FAM TPO is a one-stop shop for all types of financial needs.

Finance 284

Finance Lending Loans Technology 284

Housing Wire

MARCH 29, 2024

Anna Frankowska was recognized in 2017 as one of Forbes’ “ 30 Under 30 ” in Europe, having studied economics in London before moving to work in investment banking. My parents are retired, and putting my entrepreneurial and finance hats on, I just got to see challenges they face and conversations they’ve had,” she said.

Mortgages 437

Mortgages Finance Loan Officer Equity 437

Housing Wire

MARCH 4, 2021

Income is the second platform Plaid will use in its payroll operations, the first being Deposit Switch ; Deposit Switch begins the instant process of switching a customer’s direct deposit to their bank account. Plaid’s technology enables apps to connect with users’ bank accounts. million in funding. billion merger.

Finance 219

Finance Pre-approval Banks Investor 219

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. United Wholesale Mortgage (UWM) came in as the top mortgage originator in 2023, followed by PennyMac Financial and Rocket Mortgage , according to data from Fitch Ratings and Inside Mortgage Finance.

Mortgages 463

Mortgages Marketing Lending Banks 463

Housing Wire

DECEMBER 22, 2023

Entering the real estate finance world in the summer of 2022 as a 23-year-old, I immediately felt like a fish out of water. For Gen Z, technology is second nature Gen Z is considered those who were born between 1997 and 2012 — today, members of Gen Z are between 11 and 26 years old.

Branding 431

Branding Technology Finance Industrial 431

Housing Wire

DECEMBER 14, 2023

billion over the 12 months, which puts a combined company just outside the top 50 mortgage lenders in America by volume, according to Inside Mortgage Finance data. In 2021, Veritex Holdings , the parent company of Veritex Community Bank , acquired a 49% stake in the lender for $53.9 In total the lenders have originated about $3.3

Mortgages 427

Mortgages Loan Officer Banks Finance 427

Housing Wire

JANUARY 25, 2024

California-headquartered LoanSnap was hit with a temporary order to cease and desist from Connecticut’s Department of Banking for “systemic” unlicensed mortgage loan origination activity. Connecticut Banking Commissioner Jorge Perez alleged that LoanSnap violated the Truth in Lending Act (TILA) and Fair Credit Reporting Act (FCRA).

Loan Officer 383

Loan Officer Loans Banks Title 383

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.

Equity 460

Equity Lending Banks Loans 460

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.

Lending 324

Lending Banks Technology Mortgages 324

Housing Wire

OCTOBER 26, 2020

Technology plays a crucial role in servicers’ ability of servicers to support their borrowers in this challenging time. Sagent technology puts servicers in the driver’s seat, helping them engage with and retain their customers whether they’re looking to refinance, add a new loan, or sell their existing home to finance a new one.

Technology 317

Technology Loans Investor Branding 317

Housing Wire

MARCH 5, 2024

This is according to the results of a survey conducted by market research firm Ipsos and HomeEquity Bank — Canada ’s leading reverse mortgage lender — that focuses on members of the baby-boomer generation who reside in that country. “In border as of 2009. To get a better idea of the situation in the U.S.,

Banks 407

Banks Finance Technology Design 407

Housing Wire

MARCH 21, 2024

Mike Fratantoni , the chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA), addressed three major challenges in the housing market during testimony before the U.S. banks in comparison to international standards.

Industrial 358

Industrial Banks Residential Lending 358

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. From a consumer’s perspective, the idea that we wouldn’t be able to connect our bank accounts and financial records in an app is already perceived as archaic. #3

Mortgages 533

Mortgages Banks Loan Officer Technology 533

Housing Wire

MAY 10, 2023

The company offers direct-source data portability tools for mortgage, lending, banking, background and tenant screening, and other use cases. Argyle’s technology has helped numerous businesses to streamline their income and employment verification processes. The Argyle platform includes updates to Argyle Link, Console, and API.

Mortgages 385

Mortgages Banks Lending Finance 385

Housing Wire

NOVEMBER 7, 2023

Mortgage tech firm Blend Labs continued to narrow its financial losses in the third quarter, driven by strong growth in its consumer banking business. Blend’s platform segment includes the mortgage suite, consumer banking suite and professional services. The mortgage banking suite revenue declined by 11% year over year to $20.3

Banks 375

Banks Mortgages Investor Title 375

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.

Technology 447

Technology Development Title Lending 447

Housing Wire

AUGUST 13, 2020

In a release on Thursday, the Federal Reserve detailed some of the research it’s doing on the benefits and risks associated with central bank digital currencies. Current research is being conducted within the Federal Reserve Board’s “TechLab” on innovations in alternative technological payments and projects, according to the release.

Banks 458

Banks Technology Development Finance 458

Housing Wire

MARCH 14, 2024

California mortgage tech firm Blend Labs narrowed its loss in 2023 by expanding its consumer banking footprint and growing its mortgage consumer base. In the fourth quarter, Blend closed eight new consumer banking deals, which included signing a multiyear consumer banking deal with Citizens Bank. million spent in Q4 2022.

Title 410

Title Banks Mortgages Loans 410

Housing Wire

APRIL 4, 2022

SitusAMC on Monday announced the launch of its Warehouse Administration Services, “a comprehensive suite of technology-enabled turnkey services” that it says will help warehouse lenders reduce costs by as much as 30%, according to a company-issued news release. What are the building blocks of digital lending? Presented by: Wolters Kluwer.

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Lending Technology Finance Commercial 366