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 417

Industrial Loan Officer Marketing Loans 417

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 373

Banks Mortgages Loan Officer Residential 373

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 354

Banks Mortgages Loans Loan Officer 354

Housing Wire

DECEMBER 21, 2022

I , a blank check company affiliated with fintech Figure Technologies that planned to merge with a mortgage bank, will be delisted from the New York Stock Exchange. except for the purpose of winding up, according to Figure Technologies. While we are disappointed, our decision reflects the state of the capital markets.

Banks 429

Banks Mortgages Technology Lending 429

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 366

Technology Sales Mortgages Lending 366

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 372

Technology Mortgages Lending Loans 372

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 361

Banks Loan Officer Loans Lending 361

Housing Wire

MARCH 12, 2024

nonbank mortgage lenders continue to gain market share as the industry consolidates and a number of smaller players exit the space due to a lack of strong franchises to retain sufficient volume, Fitch Ratings reported Tuesday. billion in purchase originations in 2023, up 4% from 2022 and good for a market share of nearly 8%.

Mortgages 450

Mortgages Marketing Lending Banks 450

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 395

Banks Mortgages Loans Investor 395

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 390

Banks Mortgages Loan Officer Lending 390

Housing Wire

SEPTEMBER 2, 2021

The mortgage industry is still seeing record-breaking numbers, but those numbers have started to wane and lenders looking to succeed in a slow market need to begin preparations today. Recent trends indicate that the mortgage market is beginning to see the end of the refinance boom and enter a purchase heavy market.

Technology 419

Technology Closing Loan Officer Mortgages 419

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports. billion.

Equity 401

Equity Purchase and sale agreement Marketing Lending 401

Housing Wire

JANUARY 30, 2024

Two complex factors are set to transform the rental market in 2024, creating new challenges and opportunities for property managers. The second is a more competitive rental market, driven by record-high construction of multifamily rental properties. At the same time, the data suggests several benefits for early adopters.

Property Management 369

Property Management Marketing Technology Branding 369

Housing Wire

JUNE 30, 2022

The housing market has undergone a significant transformation over the past two years. While a booming market kept brokers busy in 2021, the 2022 housing market has been underscored by rising interest rates, inflation and geopolitical turbulence. Our brokers are our partners.

Lending 338

Lending Banks Technology New Construction 338

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like? Factors like location and condition of the property and the market demand for REO and other existing home sales, impact the current landscape for REO assets. territories.

Due diligence 373

Due diligence Marketing Mortgages New Construction 373

Housing Wire

OCTOBER 16, 2023

The trough for the mortgage origination market is nearing an end point and 2024 is shaping up to be a better year for the industry, economists of the the Mortgage Bankers Association (MBA) said at the 2023 Annual Convention & Expo in Philadelphia, Pennsylvania. and reach 5.5% and reach 5.5%

Mortgages 484

Mortgages Marketing Banks Industrial 484

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 369

Technology Mortgages Due diligence Commercial 369

Housing Wire

DECEMBER 9, 2021

In 2022, many Americans affected by COVID-19 will need to make a decision about the resolution to their mortgage forbearance,” said Jeremy Potter, head of legal and capital markets at Stavvy. We’ve experienced the important role technology can play in helping homeowners access the tools and solutions their mortgage servicer is offering.

Technology 358

Technology Loans Closing Lending 358

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 395

Mortgages Technology Banks Development 395

Housing Wire

APRIL 20, 2021

This general alignment matters a great deal as the FHFA, through their oversight of the GSEs, who have the vast majority of the market share, plays a key role in the conforming lending market being the de facto regulator. Using the analogy of an axe representing technology and data, the axe is useless without a human to wield it.

Technology 393

Technology Due diligence Lending Industrial 393

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 366

Industrial Technology Banks Mortgages 366

Housing Wire

FEBRUARY 22, 2024

Akwaboah, who is currently serving as COO for technology and global head of innovation at Morgan Stanley , has nearly 30 years of experience in the financial services industry. . In 2005, he began a 10-year stint working for the Royal Bank of Scotland in Singapore, then joined Morgan Stanley in 2015, according to his biography.

Banks 462

Banks Technology Industrial As-is 462

Housing Wire

MARCH 20, 2024

In this current market, many lenders are looking for new lending products to offer to help expand their offerings and keep the company afloat,” the organization said in its announcement of the award winners. Also recognized by the PROGRESS in Lending Association was Mortgage Cadence , which was lauded for its technology innovation.

Lending 357

Lending Mortgages Technology Banks 357

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. Profitability may resemble the market in 2018 , when around one-third of nonbank lenders failed to turn a profit.

Mortgages 519

Mortgages Marketing Lending Loans 519

Housing Wire

MARCH 12, 2024

Mortgage capital markets tech firm Polly rolled out its Lender Intelligence platform, which leverages data and analytics to drive margin expansion and cost reduction. Since its launch in 2019, the California fintech company has raised about $57 million in three rounds of funding.

Technology 380

Technology Loans Banks Mortgages 380

Housing Wire

DECEMBER 12, 2022

The company has cut hundreds of jobs across layoffs in March , May , July and October , underscoring the immense challenges of the current mortgage market. So far this year, the correspondent channel has gained market share on the two other channels, increasing from 23.4% in the third quarter of 2022, according to IMF data.

Marketing 386

Marketing Lending Banks Loans 386

Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. Others allocated resources into digital marketing (31.1%), automation technology (26.7%) and market data (19.3%). in events to garner business. were from the Northeast 16.3%

Mortgages 399

Mortgages Marketing Banks New Construction 399

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.

Banks 282

Banks Mortgages Lending Technology 282

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. While the central bank left the benchmark rate unchanged in the target range of 5.25%-5.5% However, a silver lining in the subdued housing market is the strength in new-home sales.

FHA loan 437

FHA loan Bankruptcy Marketing Loans 437

Housing Wire

FEBRUARY 21, 2024

Graduates of the program commonly find job placements with lenders, technology companies, fintech and proptech firms, or title companies. MBA entry-level initiative In a parallel effort, the Mortgage Bankers Association (MBA) introduced “Mortgage Banking Bound” in 2023. According to data from the U.S.

Mortgages 341

Mortgages Title Marketing Lending 341

Housing Wire

APRIL 22, 2022

Publicly traded mortgage tech company Blend Labs isn’t changing its strategy to survive a shrinking mortgage market, even though a drop in originations is sapping its revenue stream and forcing it to trim its workforce. Blend won’t abandon its usage-based fee revenue model. Blend won’t abandon its usage-based fee revenue model.

Mortgages 385

Mortgages Marketing Title Banks 385

Housing Wire

MARCH 12, 2024

Unlike off-the-shelf POS solutions, Blueprint Builder allows lenders to customize technology that is designed to help improve operations, Maxwell noted. In the current environment, a rigid, static technology stack can prove fatal. With the deal, Maxwell expanded its secondary market platform to add more than 180 clients.

Lending 374

Lending Technology Loans Equity 374

Housing Wire

APRIL 30, 2024

In a low-volume mortgage origination market, some sellers “don’t have the balance sheet or their owners are not interested in legacy and continuity,” which is a different model than Lower’s, Snyder said. They have seen the bottom [of the mortgage origination market] and can now start seeing the growth.”

Loan Officer 396

Loan Officer Banks Lending Loans 396

Housing Wire

MARCH 31, 2022

As the market shifts, interest in non-QM lending from traditional lenders and brokers has increased. HousingWire: How is the shift from refi to purchase affecting the non-QM market? But it may not be as sensitive as the more traditional refinance market. So, non-QM refinance may be a little more resilient. annual increase.

Marketing 352

Marketing Investor Banks Loans 352

Housing Wire

APRIL 13, 2023

The wholesale channel has the ability to offer borrowers a variety of choices, with access to many different bank and lending programs. The wholesale channel has the ability to offer borrowers a variety of choices, with access to many different bank and lending programs.

Lending 370

Lending Marketing Banks Investor 370

Housing Wire

JANUARY 11, 2023

The early entrants into the market — including Milo and Figure Technologies — made loans equal to 100% of the borrower’s cryptocurrency value with no down payment required. What sets Defy Mortgage apart is our ability to consider everything that the borrower brings to the transaction,” Orlando said.

Lending 414

Lending Mortgages Marketing Loans 414

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.

Bankruptcy 425

Bankruptcy Finance Mortgages Banks 425