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.

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Technology Mortgages Loans Industrial 395

Housing Wire

MARCH 18, 2022

Veteran mortgage executive Bill Dallas has left his position as president of Finance of America Mortgage amid larger changes to the Texas-based nonbank lender’s C-Suite and business lines. His exit was first reported by Inside Mortgage Finance. Presented by: Finance of America. Last year, the lender funded $35.6

Finance 475

Finance Mortgages Commercial Lending 475

Housing Wire

JULY 25, 2023

F2 Finance wants to scoop up a share of a “fragmented” fix-and-flip market as a lack of housing inventory sharply limits transactions. just to give an idea of how fragmented it is in terms of the lender,” Christian Faes, founder of F2 Finance, said in an interview with HousingWire. LendInvest has more than $4.7 billion (£3.7

Finance 370

Finance Marketing Lending Loans 370

Housing Wire

OCTOBER 13, 2020

End-to-end lending and services platform Finance of America Capital is the latest mortgage company to get in on the mushrooming IPO craze. Finance of America, says its collection of companies has originated over $65 billion in loans since 2017. Finance of America operates through retail, wholesale and correspondent channels.

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Finance Lending Loans Commercial 487

Housing Wire

MARCH 23, 2022

As the housing market continues to move from last year’s refinance boom, lenders’ ability to identify customers and maintain consumer relationships has become more important than ever in not only securing loans but also ensuring they make it to close. Click here to nominate someone you know — it can even be you!

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Finance Loan Officer Loans Lending 365

Housing Wire

SEPTEMBER 18, 2023

Dark Matter Technologies , formerly Black Knight Origination Technologies, is focused on mainly two things: the smooth transition to new owners, and lowering the cost to originate loans for lenders. Read on to learn more about Dark Matter Technologies’ plan for mortgage. What opportunities did the firm see?

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Technology Mortgages Bankruptcy Industrial 481

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.

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Loans Technology Mortgages Finance 461

Housing Wire

APRIL 30, 2024

We’ve also implemented project management technologies and streamlined processes to improve workflow and turnaround times for loan officer requests, effectively halving the time it takes to fulfill them. HousingWire: The Money Store prides itself on providing easy, efficient, and affordable home financing.

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Loan Officer Technology Loans Finance 417

Housing Wire

MAY 1, 2023

We’ve asked Phillip McCall, president and chief operating officer at ACES Quality Management , how lenders can keep up with new and upcoming regulations to maintain loan quality in this very competitive environment. Our team has literally gone through the alphabet soup of lending regulations to fully apply them within our technology.

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Loans Lending Technology Principal 383

Housing Wire

SEPTEMBER 28, 2023

Having completed the $12 billion acquisition of Black Knight , Intercontinental Exchange (ICE) is confident in evolving into a true life-of-loan platform: powering origination to final settlement, all in one unified digital ecosystem, executives said during its conference call with analysts. “By

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Loans Technology Mortgages Development 427

Housing Wire

MARCH 4, 2022

California-based nonbank lender Carrington Mortgage Services has invested in boosting the growth of its wholesale channel, with the latest announcements including a new loan processing technology and plans to increase the sales team. Department of Agriculture – and non-qualified mortgages (non-QM) loans.

Technology 370

Technology Loans Loan Officer Mortgages 370

Housing Wire

DECEMBER 5, 2023

California-based Pennymac Financial Services ’s broker division, Pennymac TPO , launched a home equity loan product as tappable home equity nears its 2022 peak. A home equity loan — also known as a second mortgage — enables a homeowner to borrow money by leveraging equity in a home. Pennymac’s home equity loan for brokers comes as U.S.

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Equity Loans Mortgages Technology 417

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 383

Technology Sales Mortgages Lending 383

Housing Wire

MAY 3, 2024

Compare that with $30 trillion in financeable equity — it dwarfs it. I sat down with Deitch for a wide-ranging conversation on the ways lenders can claw back profitability through smart technology and products that meet the moment. “The That should be a 5/1 closed end loan with a line of credit kicker,” Deitch said.

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Equity Technology Loans Lending 416

Housing Wire

AUGUST 9, 2023

“Unlike others that are more reactive to cyclical market conditions, we will continue to be aggressive in our technology and product investments. billion in mortgage loans in the second quarter of 2023 “despite a historic decline in industry-wide origination volume during 2023,” according to Ishbia. UWM originated $31.8 UWM had $294.9

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As-is Principal Mortgages Loans 370

Housing Wire

AUGUST 12, 2022

Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million. A reperforming loan is a mortgage that has been or is currently delinquent but has been reperforming for a period of time. million in unpaid principal balance; pool 2 is at $342.5

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Loans Purchase and sale agreement Principal Due diligence 383

Housing Wire

MARCH 28, 2024

Better Home & Finance Holding Co. , The digital lender made changes in its commercial operating model to achieve this goal and will continue to invest in Tinman, its proprietary technology platform. The operating model change involved Better pivoting to hiring experienced loan officers on commission-based compensation plans.

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Loan Officer VA loan Loans Technology 427

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 395

Loans Lending Investor Mortgages 395

Housing Wire

FEBRUARY 20, 2024

“Most technologies are not architected to do a million loans every five minutes.” “Most technologies are not architected to do a million loans every five minutes.” ” Ardley can help servicers with retention strategies and find new deals within their portfolio. .”

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Technology Loans Staging Equity 406

Housing Wire

APRIL 13, 2023

San Francisco-based fintech Polly has hired Parvesh Sahi, a former executive from ICE Mortgage Technology , as chief revenue officer to scale the business in a highly competitive mortgage environment. Sahi will be involved in all aspects of the corporate strategy, business development, sales and account management, the firm said Thursday.

Technology 294

Technology Mortgages Development Loans 294

Housing Wire

MAY 7, 2024

Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% Government data from HMDA shows borrowers are saving, on average, over $9,400 over the life of a loan. Second, nearly 20,000 loan officers moved into the wholesale channel in 2023.

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Industrial Loan Officer Marketing Loans 446

Housing Wire

OCTOBER 26, 2020

Technology plays a crucial role in servicers’ ability of servicers to support their borrowers in this challenging time. In all cases, Sagent Account Connect enables servicers to let their borrowers manage these hardship changes to their loans in real time. Borrowers in Hardship. The Sagent Difference.

Technology 389

Technology Loans Investor Branding 389

Housing Wire

APRIL 11, 2024

Figure Technology Solutions (FTS), the parent company of Figure Lending LLC , announced on Thursday that it will begin making its Digital Asset Registration Technologies (DART) platform — which it describes as “a combined lien and eNote registry service” — available to private and wholesale lending partners.

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Lending Technology Equity Loans 402

Housing Wire

NOVEMBER 9, 2023

New York-based digital lender Better Home & Finance Holding Company has partnered with information technology consulting company Infosys on a mortgage-as-a-service platform. Better ranked as the 62nd largest mortgage lender in the first half of 2023, according to Inside Mortgage Finance.

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Mortgages Finance Technology Loans 406

Housing Wire

FEBRUARY 27, 2024

After slowing to a 30-year low in 2023, the gears of housing finance are re-engaging. Last year, Floify commissioned an independent study of 150 high-performing loan originators (LOs) to gain recruiting and retention insights. You can learn a lot about any industry by asking its top earners what energizes them toward peak performance.

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Finance Technology Loans Industrial 417

Housing Wire

APRIL 11, 2024

which had 142 sponsored loan officers and 41 active branches as of April 11. year over year, according to Inside Mortgage Finance (IMF) estimates. Homebridge was set to merge with Mike Cagney ‘s Figure Technologies , but the deal fell apart just 10 months after the announcement was made. billion that was up 19.9%

Loan Officer 417

Loan Officer Commercial Mortgages Loans 417

Housing Wire

NOVEMBER 8, 2021

Kathryn Amor, chief product officer at Finance of America Companies, spoke during the event’s mortgage purchase market panel about what Finance of America Reverse (FAR) beings to the table for the larger parent company. While the total number of reverse mortgage industry professionals present at HW Annual in Frisco, Tex.

Finance 383

Finance Mortgages Lending Equity 383

Housing Wire

NOVEMBER 9, 2020

As the country embraces technology now more than ever, lenders and title companies have an opportunity to embrace the possibilities of mortgage technology to connect with consumers in new ways and grow their businesses. It’s a new time for our industry, with so much going virtual.”. No paper or printing is a huge cost saver.”.

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Title Technology Lending Land 481

Housing Wire

FEBRUARY 28, 2024

The program is only eligible for loans that close through Newrez. Newrez loan officers, in return, will benefit from predictive analytics that allow them to better manage customers along their home purchase journey, the lender said. billion in 2023, per data from Inside Mortgage Finance.

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Closing costs Loan Officer Closing Loans 417

Housing Wire

FEBRUARY 2, 2024

The Federal Housing Administration (FHA) on Friday announced that it has published a new final rule that eliminates a current requirement for lenders to register the branch offices where they conduct FHA Title I or Title II mortgage loan originations. The rule, originally proposed in March 2023 , takes into consideration stakeholder comments.

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Mortgages Title Loans Lending 437

Housing Wire

MAY 13, 2024

In addition, nonbanks represent seven of the 10 largest servicers of Fannie Mae , Freddie Mac and Ginnie Mae loans. 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.

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Bankruptcy Finance Mortgages Banks 445

Housing Wire

MAY 6, 2022

In an effort to counter margin compression and satisfy a new generation of homebuyers, lenders are looking to offer loan options that better fit the average borrower. How can adding non-QM loan options help lenders make up for potential profit loss? Higher loan limits also provide greater flexibility in higher priced markets.

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Loans Marketing Lending Loan Officer 370

Housing Wire

OCTOBER 9, 2023

The free app, which officially launches Tuesday, allows users to price out mortgages, personal loans and other finance products that Guaranteed Rate offers, but there’s a twist: users can also access financial, physical and mental health resources to help them “live their best lives.” As of Oct. As of Oct.

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Mortgages Loan Officer Loans Technology 417

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. These individuals also received inbound calls from individuals interested in obtaining mortgage loans, the order stated.

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Loan Officer Loans Banks Title 406

Housing Wire

JUNE 30, 2021

That’s where Finance of America Mortgage (FAM) TPO’s Two-X Flex suite of proprietary jumbo and non-QM products comes into the picture. FAM TPO’s Two-X Flex suite comes with additional products to give borrowers even more purchasing or refinancing power, which allows them to qualify for loans based on factors outside of standard requirements.

Finance 285

Finance Lending Loans Technology 285

Housing Wire

JANUARY 4, 2022

loanDepot announced this week that it will begin servicing Ginnie Mae loans in-house, following a 2021 decision to do the same for Fannie Mae and Freddie Mac -backed loans. It’s really hard to set up a servicing shop, particularly with the challenges legacy technology and the regulatory environment brings,” Thompson said.

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Loans Development Mortgages Technology 407

Housing Wire

APRIL 26, 2024

Lind also shares insights into the future of non-QM lending and the importance of emergent technologies in improving the origination process. So when I’m selling loans at 7%, our competitors were trying to sell loans at 5%. So when I’m selling loans at 7%, our competitors were trying to sell loans at 5%.

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Lending Loans Technology Industrial 426