Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

Industrial 412

Industrial MLS FHA loan Agents 412

Housing Wire

MARCH 21, 2024

Planet Home Lending hired Matt Kingsborough as regional sales manager, the Connecticut-based lender, servicer and asset manager announced Thursday. It’s an opportunity to align with an organization that not only values excellence and innovation in mortgage lending but also deeply invests in the growth and success of its sales professionals.

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Lending Sales Commercial Loans 323

Housing Wire

SEPTEMBER 11, 2023

Proptech firm Flyhomes has entered into an agreement to purchase Innovative Holdings, LLC’s “buy before you sell” platform Home Sale Assured. Founded in 2022 by Eric Meadow, Home Sale Assured produces a “Guaranteed Backup” options contract, which enables existing homeowners to buy their next home before closing the sale of their current home.

Debt-to-income ratio 330

Debt-to-income ratio Sales Purchase and sale agreement Loans 330

Housing Wire

AUGUST 9, 2022

The decision to close the channel also reflects fierce competition from its peers in the broker space, primarily from United Wholesale Mortgage (UWM). The gain-on-sale margin also nosedived to 1.16% in the second quarter, down from 1.96% in the previous quarter. The announcement on Tuesday came alongside a $223.8 billion and $10.5

Closing 471

Closing Principal Lending Loans 471

Housing Wire

NOVEMBER 13, 2023

Ron Frasier, a title industry veteran and CEO of title startup Atlas Title , has been watching the commission lawsuit saga closely. “If They will have to get on that listing side of things, which will be much harder as it is an earlier point of sale, as no one has even looked at buying the house yet.”

Title 380

Title Industrial Purchase and sale agreement Agents 380

Housing Wire

APRIL 1, 2024

In March 2022, reverse mortgage lender and servicer Longbridge Financial announced the launch of its national field sales (NFS) division , appointing reverse mortgage industry veteran Melanie Parks to lead the channel as vice president and national field sales leader. Two years later, the UPB has diminished right.

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Sales Loan Officer Principal Loans 326

Housing Wire

OCTOBER 12, 2023

As existing-home sales continue to slide and mortgage rates rise ever higher, all but eliminating any hope for refinance transactions, the title insurance industry is doubling down on technology. At the forefront, is artificial intelligence , or AI. So, what that means is, that we have to invest in building intentional expertise.”

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Title Industrial Land Technology 332

Housing Wire

SEPTEMBER 26, 2023

Mortgage Machine Services , a digital origination technology provider, has appointed Dan McGrew as director of sales. ” Prior to this role, McGrew was the chief operating officer and senior vice president of sales at Pavaso , a full-service eClosing platform. . He also spent six years as the president of IT Services , a U.S.

Sales 343

Sales Mortgages Technology Lending 343

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. ICE expects to have its second-best year for MSP sales since 2017. from Q3 2022’s $276 million.

Industrial 247

Industrial Mortgages Technology Loan Officer 247

Housing Wire

MAY 9, 2024

The quarter’s positive performance was supported by increased origination volumes at improved margins and servicing sales, which resulted in a non-GAAP net income of $141 million from January to March, compared to a $361 million loss in the previous quarter. billion in closed loan volume from January to March.

Sales 238

Sales Principal Loans Mortgages 238

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. Creating a tech stack geared towards increasing closing efficiency isn’t just about offering eClosings.

Technology 402

Technology Closing Loan Officer Mortgages 402

Housing Wire

JUNE 24, 2022

Texas lender Mid America Mortgage rebranded as Click n’ Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations. The post Mid America Mortgage rebrands to Click n’ Close appeared first on HousingWire.

Closing 297

Closing Mortgages Lending Technology 297

Housing Wire

JUNE 8, 2023

The title insurance industry is on the front lines in a never-ending war with the fraudsters. As the industry has gotten better at combatting wire fraud and even the more recent seller impersonation fraud , criminals looking for larger paydays have turned to mortgage payoffs. Can you afford to lose a million dollars?

Title 278

Title Industrial Banks Technology 278

Housing Wire

JANUARY 14, 2021

The mortgage industry has not traditionally been the vanguard of digital adoption, particularly in data intelligence and applied machine learning. The mortgage industry has been forced to respond to the massive and sudden work-from-home mandates. It is no longer a means to experiment with a differentiating model.

Industrial 477

Industrial Mortgages Lending Loans 477

Housing Wire

DECEMBER 9, 2022

With only three weeks until 2023 arrives, housing industry executives are adjusting their operations to face what is expected to be another challenging year. . Against the backdrop of this challenging economic and housing environment, companies in the housing industry continued to restructure and cut workforce to better position themselves.

Industrial 315

Industrial Residential Mortgages Investor 315

Housing Wire

NOVEMBER 30, 2020

pending home sales fell 1.1% According to Joel Kan, the Mortgage Bankers Associations assistant vice president of economic and industry forecasting, that robust year-over-year improvement in activity is a sign the market will continue to see sustained demand for housing through the end of 2020. compared to a year ago. but remained 19.6%

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Sales Development Equity Land 532

Housing Wire

JUNE 6, 2024

10 for sales volume ($21.2 We couldn’t be happier that the Real platform, which is rooted in a unique agent value proposition, proprietary technology and a culture of innovation and collaboration, continues to attract some of our industry’s top professionals,” Real President Sharran Srivatsaa said in a statement. “As

Brokerage 397

Brokerage Closing Agents Sales 397

Housing Wire

FEBRUARY 9, 2022

While the real estate industry has witnessed the introduction of a number of spectacular and innovative developments in recent years, we still (sometimes unfairly) get tagged as “old fashioned” or “conservative.” Why is the industry still transferring money the old-fashioned way? There’s really no experience quite like buying a home.

Industrial 375

Industrial Purchase and sale agreement Pre-approval Banks 375

Housing Wire

JULY 31, 2022

The pandemic transformed traditional business practices and gave way to a digital revolution that has impacted nearly every industry. This demand for digital business solutions is here to stay and leaders in the mortgage industry are adapting to the changing needs of borrowers everywhere.

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Closing Technology Commercial Title 293

Housing Wire

SEPTEMBER 15, 2020

The virtual notary services industry has become increasingly popular amid the COVID-19 pandemic as businesses have adopted remote signatures to adhere to social distancing protocols while closing on mortgages and other loans. Borrowers can complete the closing from the comfort and safety of their own homes,” she said. “If

Closing 448

Closing Loans Banks Investor 448

Housing Wire

MARCH 21, 2023

After 12 months of declines , existing home sales rebounded in February, climbing 14.5% However, existing home sales were still down 22.6% Moreover, we’re seeing stronger sales gains in areas where home prices are decreasing and the local economies are adding jobs.” months of supply at the current sales pace.

Sales 348

Sales MLS Mortgages Marketing 348

Housing Wire

MAY 13, 2024

In 2023, Park Real Estate agents closed 9,776 transaction sides for a total of $6.245 billion in sales volume, making it the No. 1 brokerage in the state by sales volume and the No. We believe that with Compass, we are positioned for sustained success within an evolving industry landscape,” Connelly said in a statement.

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Brokerage Branding Agents Industrial 363

Housing Wire

OCTOBER 31, 2022

By the end of 2022, roughly 50 merger or acquisition (M&A) transactions will be announced or closed, which is 50% more than 2018 — the record year for lender consolidation, according to Stratmor Group. The expectation of continued margin compression in 2023 and 2024 has resulted in the onset of industry consolidation,” Hrobon said.

Industrial 313

Industrial Mortgages Principal Loans 313

Housing Wire

DECEMBER 17, 2021

As we approach 2022, some concerning headwinds confront the mortgage origination industry. For companies to survive and thrive, mortgage executives must focus on three primary factors: risk, strategy and efficiency. In terms of managing financial risk, considerations include interest rate, market and reputation.

Industrial 349

Industrial Mortgages Development Loans 349

Housing Wire

APRIL 28, 2022

Cost to originate a loan: In the manufacturing industry, it’s common to analyze standard costs. Input costs can vary but typically include credit reports, tax verifications, flood certifications, closed-loan fees, labor costs, commissions, etc. Fannie Mae forecasted in early March that mortgage rates would approximate between 3.7%

Industrial 325

Industrial Mortgages Loans Equity 325

Housing Wire

DECEMBER 2, 2020

Prior to 2020, the mantra around the mortgage industry going back to 2016 was that launching a new “digital experience” was the equivalent to table stakes in poker. The message was clear: if you weren’t already invested in new digital mortgage experience, then your competition already beat you to the sale.

Industrial 314

Industrial Mortgages Lending Technology 314

Housing Wire

JULY 19, 2022

We interviewed more than 25 mortgage industry experts to gather the best insights, strategies, and recommendations to pivot and win in today’s market. Notable trends in a new era of sales. For example, he explained that companies are converting real estate into NFTs and using a smart contract to close in a few days rather than weeks.

Industrial 368

Industrial Mortgages Loan Officer Technology 368

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% January sales fell 2.3% The supply of homes for sale fell to a record low, down 16.5% The supply of homes for sale fell to a record low, down 16.5% Sales of homes priced above $1 million were up 39%. .

Sales 404

Sales New Construction Equity Construction 404

Housing Wire

DECEMBER 14, 2022

Let’s face it, mortgage sales is not for the weak. As an introvert, when I first started in the operations side of the mortgage world I dreaded the weekly pipeline calls with the sales manager I supported. This was a great way for me to start to find real connections with people in the industry. Cold calling?

Sales 375

Sales Mortgages Lending Branding 375

Housing Wire

JULY 27, 2021

Michael Franco: The last two years in the mortgage industry have certainly been unique. Origination volume doubled expectations and wide gain-on-sale margins brought on by record low mortgage rates forced the industry to increase their capacity to meet surging loan demand.

Industrial 382

Industrial Mortgages Lending Due diligence 382

Realty Biz

OCTOBER 23, 2023

Artificial intelligence is rapidly transforming the real estate industry, becoming increasingly accepted by both professionals and consumers. Now, there’s more evidence than ever that AI technology is here to stay in the real estate industry. As a result, AI is rapidly transforming the real estate industry.

As-is 95

As-is Industrial Due diligence Development 95

Housing Wire

MARCH 18, 2022

Since H4P volume is only a small fraction of the total business done in the reverse mortgage industry based on 2021 data , Mangus sat down with RMD to discuss his approach in successfully cultivating H4P business. I closed 28 H4P transactions last year, over 1% of the national total. 1% of the national HECM for Purchase total.

Loans 444

Loans Closing Mortgages Equity 444

Housing Wire

MAY 10, 2022

KPI – Cost to originate a loan: In the manufacturing industry, it’s common to analyze standard costs. Input costs can vary but typically include credit reports, tax verifications, flood certifications, closed-loan fees, labor costs, commissions, etc.

Industrial 358

Industrial Mortgages Loans Equity 358

Housing Wire

JANUARY 31, 2023

Marquis, whose production volume dropped by nearly one-third to $351 million in 2022 from the previous year’s $951 million, is cautiously optimistic about the mortgage industry. Connie Kim : We’ve seen a lot of optimism for the mortgage industry, mainly due to rates on a declining trend. That’s our biggest issue in Boston.”

Loans 319

Loans Pre-approval Closing Marketing 319

Housing Wire

JUNE 11, 2024

“Over the past year, with all of the adversity happening for buyers and sellers and the industry in general, we have really been focused on trying to find buyers and sellers where they are at,” Offerpad CEO Brian Bair said in a statement. “We

Finance 438

Finance Industrial Agents Closing 438

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. In fact, the strongest quarter that we had of all 2022 was the fourth quarter.”

Technology 337

Technology Sales Mortgages Lending 337

Housing Wire

MARCH 1, 2021

The closing process, that time between underwriting approval and the actual closing, is the mortgage industry’s not-so-secret Achilles’ heel. That’s not a knock on the good professionals who enact minor miracles choreographing the multi-faceted ballet that is a typical closing. Let’s admit it.

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Closing Marketing Title Title search 231