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.

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Industrial Banks Residential Lending 383

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. Last year, Built acquired lienwaivers.io , a provider of lien waiver management and payment solutions for commercial and residential construction.

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Technology Closing Construction Commercial 277

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).

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Loan Officer Loans Banks Title 399

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 408

Mortgages Banks Technology Finance 408

Housing Wire

NOVEMBER 8, 2022

Publicly traded lending software firm MeridianLink has acquired OpenClose , a fintech company that specializes in residential mortgage software solutions for banks, credit unions and mortgage lenders. In April, MeridianLink paid roughly $28 million to acquire StreetShares , which provides lending technology to banks and credit unions.

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Mortgages Lending Technology Banks 418

Housing Wire

NOVEMBER 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported an adjusted operating income of $131 million in the third quarter of 2023, up from Q3 2022’s $126 million — despite the headwinds the mortgage industry is facing. The mortgage technology division at ICE posted $330 million in total revenue in the third quarter, up about 19.6%

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Industrial Mortgages Technology Loan Officer 304

Housing Wire

MAY 2, 2021

Real estate technology has changed rapidly over the last few years, and property valuation is no exception. Quantarium, an artificial intelligence and RE data analytics company, along with Valligent Technologies, a valuation technology innovator and an appraisal management company, created QVM Insights.

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Technology Inspection Loans Residential 210

Housing Wire

JANUARY 5, 2024

Working with our new Board of Directors, our vision is to bring to the real estate professionals of San Diego County the best in MLS service, providing them with the tools they need for success in the changing world of residential real estate sales.” Klein has over 40 years of real estate industry experience.

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MLS Technology Residential Banks 405

Housing Wire

APRIL 18, 2024

A large portion of those loans, once repurchased from the government-sponsored enterprises (GSEs) at par, were later resold for much less in the so-called “scratch and dent market. This created balance-sheet havoc for a number of lenders, particularly for small and midsized originators.

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Loans Due diligence Investor Technology 418

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. Demand for existing homes — including REO assets — outpaces the available supply. territories.

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Due diligence Marketing Mortgages New Construction 403

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 465

Housing Wire

APRIL 19, 2022

Those new investments include venture capital plays, particularly in the financial-technology arena. Abate described technology as being key to “building efficiencies” to accomplish the real estate investment trust’s goals. Redwood is not backing away from its venture capital pursuits. Oasis Pro Markets , a U.S.

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Equity Technology Investor Residential 383

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 378

Housing Wire

JULY 28, 2022

With the acquisition, Xactus will offer flood zone determinations to its clients by using its proprietary flood data and technology products, the firm said Wednesday. MassiveCert will be rebranded as Xactus Flood Solutions. The terms of the deal were not disclosed. Up until now, Xactus obtained data from third parties.

Banks 362

Banks Lending Technology Loans 362

Housing Wire

OCTOBER 30, 2020

Once he takes over as CEO, Floyd said he intends to use his role to help further the adoption of new technology in the title industry. Mortgage Contracting Services , a national provider of residential and commercial property services, hired Jason Myers as vice president of business development. and as president of SKLD Title Services.

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Lending Banks Title Commercial 380

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 388

Mortgages Title Marketing Lending 388

Housing Wire

MARCH 27, 2024

Date: April 21-24, 2024 Location: Scottsdale, AZ Ticket Price: Tickets cost $2,150 for professionals or $3,150 for technology and solution partners, as well as those who do not represent a licensed mortgage or real estate firm. It’s no secret that forging new connections at in-person events can help to grow your business.

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Agents Industrial Technology Branding 399

Housing Wire

JULY 28, 2022

In light of this, HousingWire recently caught up with Teraverde Chief Technology & Innovation Officer Rob Peterson to learn more about the key to lender profitability in today’s lending environment. Rob Peterson: Most segments of the economy have effectively adopted technology to reduce their costs. Louis computes a 34.7%

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Technology Lending Loans Residential 386

Realty Biz

MARCH 15, 2021

While blockchain has already been used in sectors like finance and logistics for many years, the technology is now being leveraged within the real estate sector. Using cryptocurrencies to purchase real estate without using banks has already been happening over the last decade. Blockchain in real estate. Intermediaries.

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Technology Due diligence Title Marketing 145

Housing Wire

AUGUST 17, 2023

InstaLend is a tech-enabled real estate loan lender that provides capital to residential developers through streamlined technology and automated workflow, according to its website. Magazine ‘s 5,000 fastest-growing private companies in the U.S. It’s a sharp decline from 2022, when nearly 70 mortgage lenders and brokers were named.

Mortgages 370

Mortgages Loan Officer Fixed-rate mortgage Loans 370

Housing Wire

AUGUST 16, 2022

Trius Lending, a local direct and hard-money lender specializing in residential investment, attributed its rapid success to customizing to investors’ needs. According to the firm, the core business at Trius Lending is residential rentals or properties for fix-and-flip. -based, privately held and independent as of Dec.

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Mortgages Lending Investor Loans 370

Housing Wire

APRIL 3, 2024

The battle began heating up in September 2023 when CoStar’s residential real estate platform Homes.com surpassed 100 million unique monthly visitors, becoming the second most popular listing portal behind Zillow. Real estate listing giants Zillow and CoStar are currently embattled in a fight for listing portal supremacy.

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MLS Residential Agents Industrial 438

Housing Wire

FEBRUARY 14, 2024

Servicing software APIs simplify in-house servicing Digital technologies can help lenders reduce errors, costs, and processing times, delivering better service. Analysts in the mortgage industry are projecting that 2024 will be a better year than 2023 across the board. According to J.D. Power’s 2023 U.S.

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Investor Loans Mortgages Principal 383

Housing Wire

MARCH 9, 2022

The firm, founded in 2008, also provides document management services for closing, purchase, sale and securitization of residential and business-purpose mortgage loans. The firm, founded in 2008, also provides document management services for closing, purchase, sale and securitization of residential and business-purpose mortgage loans.

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Due diligence Loans Banks Mortgages 336

Housing Wire

SEPTEMBER 28, 2020

He hired thousands of workers at UWM’s 60-acre headquarters outside Detroit, championed the resurrection of the independent mortgage broker , rolled out a suite of new technologies , had a few dust-ups with hometown rival Quicken Loans (now Rocket), and generally ate the lunch of legacy banks and Wall Street-backed competitors alike.

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Technology Mortgages Residential Banks 410

Housing Wire

AUGUST 28, 2023

CEO Vishal Garg said in an interview with HousingWire that the company targets mortgage marketplace and white-label technology models. Filings show Better completed the acquisition of Birmingham Bank – a regulated U.K bank – in April 2023. residential mortgages, the company said. million from April to June. “The

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Purchase and sale agreement Loans Banks Finance 366

Housing Wire

OCTOBER 9, 2020

During the half-hour discussion, the panelists offered their takes on capital market appetite by channel, touching on the rise of the nonbank, regulatory challenges, IPOs, adaptation and technology, the upcoming adverse-market fee, MSR value and even the forbearance timelines. ” The banking tech laggard.

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Marketing Banks Investor Technology 370

Housing Wire

MARCH 29, 2023

Securitization of HELOCs had been a small part of the RMBS [residential mortgage-backed securities] market in the pre-financial crisis period, but issuance was still relatively commonplace until 2007,” states a fall 2022 DBSR Morningstar report focused on the securitization market for HELOCs.

Equity 382

Equity Lending Loans Banks 382

Housing Wire

MARCH 23, 2021

Residential brokerage Compass took another step toward becoming a publicly traded company Tuesday, declaring it intends to sell common stock at a share price of between $23 and $26. million shares to the investment banks underwriting the initial public offering. The underwriters include Goldman Sachs Co. Presented by: Motto Mortgage.

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Marketing Brokerage Residential Banks 377

Housing Wire

JUNE 19, 2023

New technology is changing the title industry at lightning speed. So you’ve been using the same outdated title production software for years and feel like you’re no longer getting the most bang for your buck. As your business grows, you need efficient software that can grow with you, but some questions hold you back.

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Title Technology Commercial Industrial 366

Housing Wire

APRIL 16, 2021

Blend’s white label technology is what powers mortgage applications on the site of banks such as Wells Fargo and U.S. Bank and integrated with CoreLogic in 2019 for an easier access line to borrowers’ credit. In all, its technology platforms saw $1.4 trillion in mortgages and other loans in 2020, Blend said.

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Banks Lending Technology Mortgages 298

Housing Wire

NOVEMBER 11, 2020

Lenders need to be able to grow their business in a way that is not linear and is not tied to the market cycles – leveraging automation technology can help. LoanDepot, which has a reputation for investing heavily in technology, was the sixth-largest mortgage lender in 2019 , issuing 146,000 originations. Presented by: Indecomm Global.

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Equity Technology Lending Mortgages 432

Housing Wire

DECEMBER 29, 2020

“Mandatory Analytics provides our investor clients with transparency, allowing them to identify where execution efforts are succeeding, where they are losing to the market, and why,” said Scott Happ, president, Black Knight secondary mortgage marketing technologies. The tech solution giving community lenders an advantage.

Mortgages 372

Mortgages Investor Technology Banks 372

Housing Wire

DECEMBER 20, 2021

residential real estate market based on gross written premiums. This white paper covers the need for speed in title and what instant title means to your regional bank or credit union. Simkoff said Doma will look to enter into these spaces through its own technological developments, as well as mergers and acquisitions.

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Title Closing Inspection Residential 397

Housing Wire

JUNE 1, 2021

You may have never heard of Christy Budnick, but she is suddenly one of the most powerful people in residential real estate. Budnick replaces Chris Stuart, who took a job as president of Place , a real estate technology platform for both brokers and agents. a company with a market value of nearly $700 billion.

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Brokerage Technology Residential Banks 281

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. Hurst: Over the first few years of our venture investment activities, we predominantly invested in new models for engaging customers and stakeholders in the residential purchase market. As of Sept.

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Title Mortgages Commercial Technology 369

Housing Wire

JULY 12, 2021

Trussle’s investors include American bank Goldman Sachs and Amsterdam-based venture capital fund Finch Capital. trillion residential mortgage market. It will utilize Better’s technology to source and execute deals. Venture capital-backed mortgage lender Better.com is going international. ’s $1.5 homeowners.

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Brokerage Mortgages Loan Officer Banks 418