Housing Wire

NOVEMBER 2, 2022

It’s clear that 2023 will be a very different year for the title industry than what we’ve experienced in the recent past. Regardless, it’s clear that title businesses will need to compete for their share of that available volume, in large part, by differentiating themselves from the competition. Processes, or chokepoints?

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Title Technology Closing Loan Officer 395

Housing Wire

JANUARY 25, 2024

From at least August 29, 2022 to December 2, 2022, individuals who were not licensed as loan officers (LOs) in Connecticut acted as LOs by taking residential mortgage loan applications , soliciting Connecticut borrowers for mortgages and offering or negotiating terms of mortgages, according to the order issued earlier this month.

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Loan Officer Loans Banks Title 406

Housing Wire

OCTOBER 27, 2020

HousingWire recently spoke with Susan Falsetti, managing director of Origination Title and Close at ServiceLink, about the state of title in 2020 and how the EXOS technology platform allowed ServiceLink clients to take advantage of virtual closing solutions. HW: What are the benefits of having the title provider complete the closing?

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Title Technology Closing Loan Officer 395

Housing Wire

OCTOBER 4, 2022

Closing fee-related compliance tool provider LodeStar is integrating with title insurance provider Stewart , the companies said Monday. Users can also streamline cost estimates and documents mandated by the TILA-RESPA Integrated Disclosure Rule (TRID) such as the Loan Estimate (LE).

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Title Loan Officer Closing costs Closing 417

Housing Wire

MAY 11, 2023

This integration allows lenders to access Flueid’s title data and insights during the loan application process, resulting in time savings and a simplified consumer experience. Loan officers and underwriters can now easily check title information and review critical insights to understand the status of a property and consumer.

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Loans Title Title search Loan Officer 383

Housing Wire

AUGUST 17, 2023

These perks were offered in exchange for a requirement for agents and brokers to agree to be paired with a Freedom loan officer. Freedom reportedly denied requests for event sponsorship from real estate brokerages that did not refer mortgage business to Freedom’s loan officers. million fine.

Mortgages 370

Mortgages Loan Officer Brokerage Title 370

Housing Wire

APRIL 18, 2023

These tools streamline title services and allow both lenders and their agents to manage the closing date, receive updates, securely access documents and understand what is needed for closing day. Plus, loan officers can access their entire transaction pipeline at a glance for purchase transactions using titlegenius.

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Closing Title Loan Officer Technology 382

Housing Wire

SEPTEMBER 27, 2022

million to acquire the tech-enabled home loan platform, which does business in 20 U.S. According to data by mortgage technology platform Modex , LemonBrew loan officers produced $347 million over the last 12 months. The vast majority of loans – more than 80% – are originated by Rocket Mortgage , the data shows.

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Lending Brokerage Loan Officer Technology 370

Housing Wire

JANUARY 11, 2022

The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing. “For years, Redfin has talked about becoming a one-stop shop for brokerage, mortgage, iBuying and title services.

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Equity Purchase and sale agreement Loan Officer Lending 462

Housing Wire

JANUARY 17, 2024

They own the home with their name on the title, as with any mortgage, traditional or reverse. But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance.

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Finance Seller concession Loan Officer Loans 454

Housing Wire

SEPTEMBER 29, 2022

In these 20-minute sessions, attendees will walk away with tangible and actionable information from leaders at mortgage, valuation, real estate and title companies. In a call to all mortgage executives and loan officers, these two speakers are looking to address the way most lenders and loan officers do business.

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Loan Officer Technology Loans Title 383

Housing Wire

OCTOBER 6, 2022

According to the NMLS, as of October Keller Mortgage had 111 active loan officers spread across 28 branches. As the housing market cools from the frenetic pace of the pandemic market, many firms across the real estate ecosystem from brokerages to proptech companies and title insurers have been forced to make cuts.

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Mortgages Loan Officer Title Lending 370

Housing Wire

MARCH 4, 2021

In fact, in some ways, title and settlement services-focused providers will be even more pressed to accelerate their compliance programs. TRID is still the law of the land, and nothing suggests that title and closing providers won’t continue to bear the brunt of that compliance requirement. That includes several strategic aspects.

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Title Lending Closing Loan Officer 417

Housing Wire

MARCH 24, 2023

ChatGPT for lenders Several use cases exist for mortgage companies and loan officers to use ChatGPT and AI. In two months after that, ChatGPT reached 100 million active monthly users. But first things first. What is artificial intelligence (AI)? Is ChatGPT free to use? Yes, the basic version of ChatGPT is free to use.

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Loan Officer Development Title Loans 475

Housing Wire

JANUARY 9, 2024

Rocket Pro TPO affirmed that it will continue to provide credit reports at no cost for brokers when closing loans through Rocket recognizing that credit report fees are going to get more expensive this year. That price is higher than it was in 2023. MMI’s data covers information on mortgage transactions covering more than 95% of U.S.

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Loans Loan Officer Mortgages Title 362

Housing Wire

MAY 2, 2022

issued pink slips to over 350 non-commissioned loan officers, a workforce reduction that former workers claimed to represent more than half of Interfirst’s entire staff. The workforce reduction is also focused on mortgage loan production. The company is also laying off four people with the title of vice-president.

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Loan Officer Principal Loans Mortgages 383

Housing Wire

AUGUST 23, 2023

Loan officers were let go in August as well, according to former employees. Higher salary and director-level titles were affected mostly to hit the number,” the impacted former employee told HousingWire. Last year, the lender rolled out its first personal loan product. The volume is still higher than the $1.17

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Loan Officer Loans Mortgages Title 285

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. The man spearheading these venture investments is Paul Hurst, who was promoted to chief innovation officer at First American earlier this month. As of Sept. Here is how Hurst, via email, responded to our questions.

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Title Mortgages Commercial Technology 370

Housing Wire

JULY 11, 2022

Dubbed the Black Knight “fee cures suite,” the program combines loan information from the lender’s loan origination system with the firm’s Ernst fee data, as well as analytics from the company’s “actionable intelligence platform,” to minimize mandatory 0% and 10% fee cures. trillion in 2021.

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Loan Officer Loans Inspection Title 370

Housing Wire

JANUARY 27, 2022

San Francisco-based startup Vesta, which provides a software-as-a-service platform for mortgage loan originators, announced on Thursday that it raised $30 million through a Series A funding round. The platform supports approval, underwriting, closing, and funding of home loans.

Mortgages 383

Mortgages Loan Officer Investor Loans 383

Housing Wire

APRIL 17, 2023

For a standalone model, NAF and the partner company will form a mortgage banking company that can support funding loans of at least $150 million annually. In a consortium model, currently popular in the title business , NAF will create a standalone mortgage banking company that will sell shares equal to 50% of the company.

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Brokerage Banks Loan Officer Mortgages 383

Housing Wire

FEBRUARY 21, 2023

Lenders who are modernizing across the entire scope of the origination journey — digitizing processes from application and title through close and post-close — are building unprecedented momentum for their businesses. Streamlining operations Once a borrower is approved for a mortgage loan, the process should run like clockwork.

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Pre-approval Technology Title Loans 370

Housing Wire

JUNE 28, 2022

Richard Harris, former chief executive officer at email sending and delivering platform Spark Post , will take the helm as CEO. Sales Boomerang monitors customer databases on behalf of lenders to identify when a customer is ready for a new loan. Specific terms of the deal were not disclosed.

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Sales Mortgages Loan Officer Principal 395

Housing Wire

NOVEMBER 10, 2022

“This creates a challenging environment for volume-sensitive businesses such as mortgage originators and title insurers.” “This creates a challenging environment for volume-sensitive businesses such as mortgage originators and title insurers.” Rates averaged 2.98% this time last year. “As A massive job cut.

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Mortgages Loan Officer Banks Lending 370

Housing Wire

MARCH 15, 2022

The founder of the eight-year-old company and Trulia co-founder devotes an intro and eight sections to other subjects before a penultimate section titled, “People first.”. It was in December that Knock floated a pay cut for its loan officers, before rolling back the plan. His next section, titled “World War III?”,

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Title Loan Officer Finance Staging 417

Housing Wire

MARCH 1, 2021

Much of that is, from the Realtor’s or consumer’s perspective, the “dead time” between the excitement of getting approved for the loan and the additional excitement of getting the keys. Like it or not, the most nerve-wracking part of buying or selling a home comes when the “file” heads out to the title and escrow company.

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Closing Marketing Title Title search 351

RIS Media

JANUARY 17, 2022

The proptech firm is the first to offer franchises that allow real estate service providers in brokerage, title and mortgage to purchase franchises. Franchise owners trend towards real estate brokerages who have experience with operating affiliate companies, followed by mortgage and title companies.

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Title Mortgages Brokerage Loan Officer 103

Housing Wire

MARCH 7, 2024

HousingWire Editor in Chief Sarah Wheeler sat down with Paul Hurst , chief innovation officer at First American , to talk about the challenge of attracting and retaining tech talent and how to know if a project has a big enough vision. Sarah Wheeler: How do you think about buy versus build? Everything else we look to partner.

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Technology Title Industrial Loan Officer 427

Housing Wire

MARCH 1, 2021

Bank Home Mortgage , will speak on a panel titled What Mortgage Tech is Solving Now at HousingWire’s Spring Summit on March 4. Bolstad will be joined on the panel by Dave Vermillion , founder and CEO of Mortgage Champions , and Lisa Patterson, chief originations officer at Homepoint.

Banks 395

Banks Lending Loan Officer Title 395

Housing Wire

APRIL 13, 2021

SentriLock delivers zinger to Zillow with new showing service,” was the email subject head SentriLock sent about its new tool, titled SentriKey Showing Service. The development is intriguing for a few reasons. Technology has given consumers the power of choice and expedited the entire real estate purchasing process.

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Loan Officer Brokerage Technology MLS 407

Housing Wire

MAY 11, 2021

Better.com, which offers mortgage, real estate, title and homeowner insurance through its digital platform, has entered an agreement to merge with Aurora Acquisitions Corp., billion in title insurance and $1.4 Its workforce of loan originators is entirely in-house and does not work on commission. The company generated $24.2

Title 395

Title Investor Loan Officer Loans 395

Housing Wire

NOVEMBER 3, 2021

Jeff Whitside, the CFO and chief collaboration officer of eXp World Holdings, added that the company’s cloud-based model is continuing to attract a large number of top performing agents. The cloud-based brokerage recorded $1.1 billion of revenue in the months of July, August and September. Operating expenses also increased 100.3%

Lending 383

Lending Brokerage Loan Officer Residential 383

Housing Wire

AUGUST 7, 2020

Three independent wholesale brokers discuss how they found success in the wholesale channel during a HousingWire webinar on Thursday titled: ”Taking the Mortgage Boom to the Next Level.”. In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. There are tons of options out there.

Mortgages 370

Mortgages Loan Officer Lending Pre-approval 370

Housing Wire

NOVEMBER 9, 2022

FoA had a $44 million revenue with lender services such as appraisal and title, down 24% quarter-over-quarter and 50% year-over-year. As part of this strategy, FoA is helping its loan officers and branches to transition to other companies, such as American Pacific Mortgage and Hallmark Home Mortgage. FoA produced a $1.1

Mortgages 395

Mortgages Finance Loan Officer Commercial 395

Housing Wire

JUNE 24, 2021

Buyside helps real estate agents and loan officers engage homeowners with not just home value tools but also branded wealth optimization tips on their home’s equity so homeowners can now truly view their home as an asset. According to NAR over 69% of buyers have a home to sell, so really homeowners represent the earliest buyer.

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Pre-approval Equity Loan Officer Brokerage 391

Housing Wire

DECEMBER 6, 2022

So, about two weeks before the closing was scheduled to take place, the builder reaches out to me and was like, ‘The loan officer on your client’s file got laid off and we are assigning a new one to it.’ Fahad Janvekar, a loan officer at Fairway Independent Mortgage. A lot of this depends on the homebuyer’s lender.

Loan Officer 370

Loan Officer Pre-approval Loans Agents 370

Housing Wire

AUGUST 14, 2020

With many lenders seeing closings pushed out past 30, 45 and even 120 days, setting the expectation early gives lenders the opportunity to foster relationships with their clients and prepare for possible file extensions, said Mark Canale, senior loan officer and producing branch manager at Movement Mortgage. I’ll be brutally honest.

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Closing Lending Loan Officer Title 481