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 474

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

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%

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Technology Sales Mortgages Lending 358

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 405

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

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Finance Marketing Lending Loans 341

Housing Wire

FEBRUARY 17, 2022

Multichannel lender Finance of America (FOA) announced Thursday its chief executive officer, Patti Cook , will retire as soon as the company finds a successor. HousingWire recently spoke with Bill Dallas, President of Finance of America Mortgage, to discuss how brokers can leverage technology to accommodate today’s unique homebuyer.

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Finance Mortgages Lending Technology 307

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. The technology is available only for full-doc government and non-QM loans.

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Technology Loans Loan Officer Mortgages 345

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. The company’s GAAP net income in Q2 was $228.8 We are hiring right now, whereas the industry as a whole is continuing to cut back on capacity,” Mat Ishbia, chairman and CEO, said in a statement.

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As-is Principal Mortgages Loans 370

Housing Wire

APRIL 24, 2024

Figure Technology Solutions , the parent company of Figure Lending LLC , named Michael Tannenbaum as its new CEO, the company announced on Tuesday. Tannenbaum boasts more than 15 years of experience in financial technology and financial services. Tannenbaum will also be a member of the board of directors.

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Lending Technology Design Finance 357

Housing Wire

MARCH 23, 2022

Marketers and loan officers need to be prepared for a longer lead-nurture timeline today than the refi market frenzy we experienced the last two years,” said Jim Anderson, chief marketing officer at Finance of America Mortgage. Finance of America offers a robust mar-tech stack, working with the best technology partners in the business.

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Finance Loan Officer Loans Lending 275

Housing Wire

APRIL 20, 2021

The public response to the recent Federal Housing Finance Agency (FHFA) Request for Information on appraisal-related issues was significant, with 164 unique written comments. These entities make many other comments about technology, workforce options, modernization and the need for change. ” The Value of the Human Appraiser. .”

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Technology Due diligence Lending Industrial 397

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 479

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.

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Finance Mortgages Lending Equity 325

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. Modern construction finance requires new infrastructure altogether. and Canada. and Canada.

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Technology Closing Construction Commercial 248

Housing Wire

MARCH 25, 2021

The Mortgage Collaborative announced today the first investment of its recently launched TMC Emerging Technology Fund LP, or TMC Fund. The venture capital program is funded by a self-selected segment of TMC members to capture opportunities driven by the rapid pace of technological change in the mortgage sector.

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Technology Mortgages Commercial Finance 326

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.

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Technology Mortgages Development Loans 261

Housing Wire

MARCH 18, 2024

will move its servicing operations to the industry-leading MSP loan servicing system from ICE Mortgage Technology , ICE announced on Monday. ICE’s mission to digitize and streamline all aspects of the housing finance lifecycle aligns perfectly with our goal to create the world’s simplest path to homeownership.”

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Loans Mortgages Technology Finance 406

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.

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Loans Technology Mortgages Finance 406

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. Better has been launching digital products with its proprietary technology, including digital VA loans and a one-day mortgage product.

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Loan Officer VA loan Loans Technology 397

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. “At Omar Cantillo, Senior Vice President, National Operations Manager, TPO Omar Cantillo has nearly 30 years of leadership experience in finance and executive operations.

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Finance Lending Loans Technology 283

Housing Wire

FEBRUARY 27, 2024

After slowing to a 30-year low in 2023, the gears of housing finance are re-engaging. But before diving back in headfirst, it would be worthwhile for lenders to think through what the last two years of scarcity reveal about the normal working model of an independent mortgage bank (IMB).

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Finance Technology Loans Industrial 403

Housing Wire

APRIL 25, 2024

Kristen Sieffert, president of Finance of America Reverse, speaks during The Gathering by HousingWire on Monday, April 21, 2024. Photo credit: AJ Canaria Reverse mortgages became an unexpectedly prominent topic during certain parts of The Gathering by HousingWire , held earlier this week in Scottsdale, Arizona.

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Mortgages Finance Equity Lending 310

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.

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Technology Loans Investor Branding 292

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 361

Housing Wire

MARCH 4, 2021

Plaid’s technology enables apps to connect with users’ bank accounts. The post Plaid unveils Income to aid customer finance appeared first on HousingWire. ” The traditional verification approval process can be lengthy: A mortgage pre-approval can take up to two weeks , and the entire mortgage process can take one to two months.

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Finance Pre-approval Banks Investor 215

Housing Wire

MARCH 29, 2024

A passion for technology led her to work in the fintech and blockchain spaces, and she has now turned her attention to the senior finance space by founding a company called Graceful Finance. What occurred to me is that they’re classic examples of demographics that we are seeing right now, which is [being] incredibly asset rich.

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Mortgages Finance Loan Officer Equity 411

Housing Wire

DECEMBER 22, 2023

Entering the real estate finance world in the summer of 2022 as a 23-year-old, I immediately felt like a fish out of water. For Gen Z, technology is second nature Gen Z is considered those who were born between 1997 and 2012 — today, members of Gen Z are between 11 and 26 years old.

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Branding Technology Finance Industrial 429

Housing Wire

FEBRUARY 1, 2024

Rocket — under the helm of Varun Krishna , a veteran in the financial technology world — is becoming more focused on technology than ever. Alex possesses a rare and remarkable perspective on the intersection of technology, finance and emerging trends.

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Technology Finance Equity Mortgages 384

Housing Wire

APRIL 11, 2024

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. which had 142 sponsored loan officers and 41 active branches as of April 11. billion that was up 19.9%

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Loan Officer Commercial Mortgages Loans 381

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 354

Realty Biz

SEPTEMBER 18, 2023

The integration of technology in the real estate sector, often referred to as "PropTech" (Property Technology), represents a profound shift in how real estate is bought, sold, and managed. The infusion of technology has streamlined processes, improved efficiencies, and enhanced user experiences across multiple facets of the industry.

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Technology Property Management Staging Industrial 104

Housing Wire

MARCH 21, 2024

Sarah Wheeler: Let’s talk about your background, because you have both technology and real estate experience. Shayan Hamidi: I studied computer science, economics and math and my background is technology. That’s our point of view, which then impacts the way we go about architecting our technology and our product.

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Technology Brokerage Agents As-is 434

Housing Wire

FEBRUARY 28, 2024

We are excited to launch Newrez Home Rewards as another key technology investment that empowers our clients to make the best financial decisions throughout their homeownership journey,” Baron Silverstein, president of Newrez, said in a prepared statement. billion in 2023, per data from Inside Mortgage Finance.

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Closing costs Loan Officer Closing Loans 399

Housing Wire

FEBRUARY 8, 2024

The company is aiming to bring more reverse mortgage technology solutions to potential partners already in the industry and those that have yet to enter it. And so for me, I feel like it’s an opportunity to kind of open the door via technology, to how and what is happening in the reverse space.

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Banks Mortgages Technology Branding 366

Housing Wire

FEBRUARY 22, 2024

It’s scary out there,” a technology leader at a top lender said anonymously, adding that there were recent cyberattack attempts at his company. But they acknowledge that they keep a vast amount of customer data and some players may be vulnerable amid a shrinking market. Training their workforce is also crucial, they said.

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Industrial Mortgages Investor Technology 403

Housing Wire

NOVEMBER 3, 2023

Cooper pointed to a cybersecurity incident that forced the company to lock down certain technology systems including access to its online payment portal. “On Mr. Cooper ranked as the 26th largest lender in the country, according to Inside Mortgage Finance (IMF). The company’s website still displayed a message on Nov.

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Technology Finance Mortgages Industrial 446

Housing Wire

SEPTEMBER 19, 2023

Technology marketed as artificial intelligence is expanding the data used for lending decisions, and also growing the list of potential reasons for why credit is denied,” said CFPB Director Rohit Chopra in a statement. As a result, a consumer may be denied credit for reasons they may not consider particularly relevant to their finances.”

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Technology Finance Lending As-is 373