Housing Wire

JUNE 20, 2023

Mike Cagney’s Figure Technologies rolled out a wholesale lending platform that will give loan originators access to the company’s home equity line of credit (HELOC) offering. The funding timeline of five business days assumes closing the loan with Figure’s remote online notary, Figure said.

Lending 353

Lending Technology Pre-approval Equity 353

Housing Wire

OCTOBER 5, 2023

HousingWire Editor in Chief Sarah Wheeler sat down with Adam Carmel , founder and CEO at Polly , to talk about the ways technology should be delivering ROI for lenders. Sarah Wheeler: The cost to originate a mortgage is higher than ever, while companies have invested more in technology than ever before. What is the disconnect there?

Technology 396

Technology Lending Mortgages Industrial 396

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. The company’s average mortgage loan was about $1.45

Banks 362

Banks Mortgages Loans Loan Officer 362

Housing Wire

APRIL 3, 2023

Cornerstone Servicing , a division of recently formed Cornerstone Capital Bank , has launched a subservicing business, the company announced Monday. Homeowners can log into the company’s secure web portal or mobile app to access a full view of their loan and 24/7 self-service options. billion in assets.

Banks 367

Banks Loan Officer Lending Loans 367

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. SW: ICE Mortgage Technology is known for its focus on automation.

Technology 381

Technology Mortgages Loans Industrial 381

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

DECEMBER 12, 2022

I , a blank check company affiliated with fintech Figure Technologies , plans to merge with a warehouse lender and bank holding company to potentially bring blockchain technology to the financial institution. Figure Acquisition Corp. Securities and Exchange Commission showed on Friday.

Banks 392

Banks Mortgages Due diligence Technology 392

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.

Technology 380

Technology Mortgages Lending Loans 380

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 And it is putting its new cloud-based Blend Builder platform front and center.

Banks 410

Banks Mortgages Loans Investor 410

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. .

Banks 407

Banks Mortgages Loan Officer Lending 407

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

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.

Banks 380

Banks Mortgages Loan Officer Residential 380

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.

Banks 366

Banks Loan Officer Loans Lending 366

Housing Wire

JUNE 17, 2022

Do loan officers need more technology than they currently have? Will new technology change anything? Most loan officers do not believe they need more tech than they have now. Most loan officers do not believe they need more tech than they have now. They do not need more technology. Let that sit a second.

Loan Officer 384

Loan Officer Loans Technology Banks 384

Housing Wire

MARCH 20, 2024

Figure Lending LLC is now operating under the umbrella of Figure Technology Solutions , independent of CEO Mike Cagney ’s Figure Technologies. Figure Technologies launched a wholesale lending platform in June 2023 that gives loan originators access to the company’s home equity line of credit (HELOC) offering.

Lending 399

Lending Equity Technology Banks 399

Housing Wire

MARCH 7, 2023

appointed Michelle DeHart as the vice president of loan operations, escrow, the company announced on Tuesday. My objective is to strengthen Cenlar’s escrow area by leveraging technology and automating wherever possible to enhance operational efficiencies and deliver the best outcomes for Cenlar, our clients and their homeowners.”

Loans 355

Loans Banks Mortgages Technology 355

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

SEPTEMBER 2, 2021

While new technologies have a reputation for breaking the bank, the average lender only budgets less than 10% of their overall operations costs for technology. While new technologies have a reputation for breaking the bank, the average lender only budgets less than 10% of their overall operations costs for technology.

Technology 430

Technology Closing Loan Officer Mortgages 430

Housing Wire

APRIL 9, 2024

Rocket Mortgage ’s bet on artificial intelligence (AI) has resulted in a patented platform called Rocket Logic, which can automatically process nearly 90% of data points extracted from documents in a month and reduce by 25% the number of times a professional interacts with a mortgage loan year over year, the company claims.

Loans 435

Loans Technology Mortgages Finance 435

Housing Wire

MARCH 20, 2024

The organization recognized LoanPASS for its loan pricing software, which can map out forward and reverse mortgage options side by side. “In Also recognized by the PROGRESS in Lending Association was Mortgage Cadence , which was lauded for its technology innovation.

Lending 379

Lending Mortgages Technology Banks 379

Housing Wire

MAY 30, 2023

And, in the mortgage industry, AI will play an instrumental role in helping loan officers to be more efficient, according to Nima Ghamsari , Blend ‘s co-founder and CEO. The most difficult part, however, is building the technology. Blend’s mortgage banking software processed 23.2% in the second half of 2021.

Loan Officer 376

Loan Officer Loans Banks Technology 376

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.”.

Technology 375

Technology Loans Closing Lending 375

Housing Wire

MARCH 12, 2024

Lenders can also define workflows and business rules for any mortgage product, including construction loans, manufactured home loans, home equity loans and bridge loans. Unlike off-the-shelf POS solutions, Blueprint Builder allows lenders to customize technology that is designed to help improve operations, Maxwell noted.

Lending 394

Lending Technology Loans Equity 394

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. We’re well-capitalized and committed to mortgage, particularly the broker channel.

Lending 350

Lending Banks Technology New Construction 350

Housing Wire

APRIL 30, 2024

In November 2023, Lower announced the acquisition of Colorado-based Universal Lending Home Loans , which became a separate division. Founded in Denver in 1981, Universal added 60 loan officers to Lower. ” Another minority stakeholder at Lower is Veritex Holdings , the parent company of Veritex Community Bank. .”

Loan Officer 411

Loan Officer Banks Lending Loans 411

Housing Wire

MARCH 12, 2024

The new platform will enable lenders to track their volume trends, see how their loan pricing compares to competitors and gain insights into loan origination profit margins, Polly stated. Lender Intelligence can be used in conjunction with Polly’s Product and Pricing Engine (PPE) and Loan Trading Exchange for pricing decisions.

Technology 399

Technology Loans Banks Mortgages 399

Housing Wire

JANUARY 19, 2023

As financial institutions weather this shift in the market, every loan opportunity becomes more critical than the last. As financial institutions weather this shift in the market, every loan opportunity becomes more critical than the last. Of course, regulators are not the only ones concerned with loan quality.

Loans 377

Loans Lending Investor Mortgages 377

Housing Wire

MAY 7, 2024

Government data from HMDA shows borrowers are saving, on average, over $9,400 over the life of a loan. 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

JANUARY 31, 2024

Dark Matter Technologies (DMT) tapped Tony Fox, former director of ICE Mortgage Technology , as its new chief of client engagement. Fox was director of client management at I CE Mortgage Technology for four months after the firm acquired Black Knight in September 2023. He will report to Sean Dugan, chief revenue officer at DMT.

Mortgages 406

Mortgages Technology Banks Development 406

Housing Wire

NOVEMBER 30, 2020

The Mortgage Collaborative, an independent cooperative network in the mortgage industry, today announced the launch of TMC Emerging Technology Fund LP, a venture capital program funded by a self-selected segment of TMC members to capture opportunities driven by the rapid pace of technological change in the mortgage sector.

Technology 370

Technology Mortgages Due diligence Commercial 370

Housing Wire

APRIL 12, 2024

That’s one of the key conclusions reached by the BlackFin Group in a recently published white paper, “Artificial Intelligence (AI) in Mortgage Banking.” That’s one of the key conclusions reached by the BlackFin Group in a recently published white paper, “Artificial Intelligence (AI) in Mortgage Banking.” trillion in 2032.

Industrial 387

Industrial Technology Banks Mortgages 387

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. HousingWire: What have been some of the key drivers behind the digital mortgage transformation?

Technology 430

Technology Lending Mortgages Industrial 430

Housing Wire

JANUARY 19, 2023

Nonbank California lender loanDepot will start moving some of its backend operations to Black Knight ‘s cloud-based version of the Empower loan origination system this year as the firm continues its efforts to cut costs. Loan origination volume dropped to $9.8 billion in the third quarter of 2021. billion.

Loans 326

Loans Equity Lending Technology 326

Housing Wire

MAY 14, 2024

With the Fed gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. In late 2021, Congress renewed a 10 basis point tax on Fannie Mae and Freddie Mac loans for another decade – not based on loan risk, but to pay for non-housing spending.

FHA loan 289

FHA loan Loans Title Mortgages 289

Housing Wire

DECEMBER 6, 2023

The partnership will boost loan officers ’ capacity to deliver personalized, efficient and tech-powered solutions directly to their clients and agents. Meanwhile, LoanPASS’s flagship products and pricing engine (PPE) automates product and pricing decision-making for all loan products.

Loan Officer 422

Loan Officer Banks Lending Loans 422

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.

Loan Officer 436

Loan Officer Technology Loans Banks 436

Housing Wire

NOVEMBER 8, 2023

Polly , a software-as-service mortgage tech firm, announced a bi-directional integration with MeridianLink , a loan origination software system provider, on Tuesday. The partnership allows lenders using MeridianLink Consumer LOS to leverage Blend’s unified platform and consumer banking origination software.

Loan Officer 376

Loan Officer Loans Banks Lending 376