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. Cagney’s attempt to bring blockchain technology to mortgage lending at scale dates back to August 2021.

Lending 326

Lending Technology Pre-approval Equity 326

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 364

Banks Mortgages Due diligence Technology 364

Housing Wire

MARCH 13, 2023

The Federal Deposit Insurance Corporation (FDIC) has named former Fannie Mae CEO and Blend president Tim Mayopoulos as CEO of Silicon Valley Bank N.A. , an FDIC-operated “bridge bank” meant to protect all depositors of the now shut-down Silicon Valley Bank (SVB). The bank failed to raise capital to plug a $1.8

Banks 370

Banks Finance Commercial Technology 370

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 329

Banks Mortgages Commercial Lending 329

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 355

Technology Sales Mortgages Lending 355

Housing Wire

APRIL 3, 2023

Cornerstone Servicing , a division of recently formed Cornerstone Capital Bank , has launched a subservicing business, the company announced Monday. Cornerstone Capital Bank was formed following a merger between a nonbank and a traditional depository.

Banks 339

Banks Loan Officer Lending Loans 339

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 365

Banks Mortgages Loan Officer Residential 365

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 94

Banks Commercial Loans Technology 94

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 364

Technology Mortgages Lending Loans 364

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. Figure’s plan to go public through a SPAC has been scrapped with the NYSE’s decision.

Banks 421

Banks Mortgages Technology Lending 421

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 341

Banks Mortgages Loans Loan Officer 341

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 354

Technology Mortgages Loans Industrial 354

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. Employees on the technology, marketing and human resources teams are on the list. As the U.S.

Banks 350

Banks Loan Officer Loans Lending 350

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 382

Banks Mortgages Loan Officer Lending 382

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 387

Banks Mortgages Loans Investor 387

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 420

Technology Closing Loan Officer Mortgages 420

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 367

Technology Mortgages Due diligence Commercial 367

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.”.

Lending 321

Lending Banks Technology New Construction 321

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 419

Technology Lending Mortgages Industrial 419

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 369

Lending Equity Technology Banks 369

Housing Wire

APRIL 20, 2021

” From the Independent Community Bankers Association (ICBA): “Accurate and timely appraisal reports are also integral to a community bank’s risk management system and help ensure the bank is making sound lending decisions.” As one might expect, the comments revealed differing opinions.

Technology 397

Technology Due diligence Lending Industrial 397

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 345

Technology Loans Closing Lending 345

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 354

Industrial Technology Banks Mortgages 354

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 460

Banks Technology Industrial As-is 460

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 287

Banks Mortgages Lending Technology 287

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 391

Mortgages Technology Banks Development 391

Housing Wire

MARCH 20, 2024

It went on to state that independent mortgage banks, community banks and credit unions have shown interest in product pricing engines (PPEs) that allow them to price and make decision on nonqualified (non-QM) mortgages, reverse mortgages, fix-and-flip loans, construction loans or portfolio lending products.

Lending 345

Lending Mortgages Technology Banks 345

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. The post Built Technologies closes $88 million Series C funding round appeared first on HousingWire. and Canada. and Canada.

Technology 247

Technology Closing Construction Commercial 247

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 363

Lending Technology Loans Equity 363

Housing Wire

AUGUST 7, 2020

Patricia Suazo has joined FundingShield as its vice president of technology operations and integrations. Suazo has over 15 years of leadership experience in the mortgage lending space with firms including Stearns Lending , Bank of America , Carrington Holding Company and CloudVirga.

Title 259

Title Technology Lending Banks 259

Housing Wire

APRIL 30, 2024

He added that becoming a publicly traded company isn’t out of the question, although it “really depends on the capital” needed in the future. “Lower is still majority owned by myself and my co-founders,” said Snyder, who started his career in corporate banking at Wells Fargo and American Bank.

Loan Officer 277

Loan Officer Banks Lending Loans 277

Housing Wire

MARCH 12, 2024

Founded in 2019 by technology and mortgage professionals, Polly is a San Francisco-based provider of mortgage capital markets technology for banks, credit unions and mortgage lenders nationwide. Since its launch in 2019, the California fintech company has raised about $57 million in three rounds of funding.

Technology 370

Technology Loans Banks Mortgages 370

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 402

Loans Technology Mortgages Finance 402

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. and was co-founder and CFO at Capital Bank Financial Corp. His term as executive chairman began on January 19. His career includes positions at GMAC, Inc. , now Ally Financial, Inc.

Technology 335

Technology Banks Equity Mortgages 335

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 418

Loan Officer Technology Loans Banks 418

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 290

Technology Loans Investor Branding 290

Housing Wire

FEBRUARY 8, 2024

Bloomberg also reported that several banks, including JPMorgan Chase & Co. and Bank of America Corp. DocuSign had 7,336 employees at the end of 2023. Layoffs came as the San Francisco-based fintech concluded that further action was needed in addition to ongoing cuts to overhead costs, according to the company’s announcement.

Sales 403

Sales Banks Technology Investor 403