Housing Wire

OCTOBER 5, 2023

HousingWire Editor in Chief Sarah Wheeler sat down with Adam Carmel , founder and CEO at Polly , to talk about the ways technology should be delivering ROI for lenders. Sarah Wheeler: The cost to originate a mortgage is higher than ever, while companies have invested more in technology than ever before. What is the disconnect there?

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Technology Lending Mortgages Industrial 377

Housing Wire

FEBRUARY 15, 2024

Department of Veteran Affairs (VA) loans through its Tinman platform. We were focused on being able to take a consumer all the way through on our technology platform for just the conventional loans, and we achieved that milestone back in the summer of 2023. VA loans are 12% of the mortgage market,” Garg said. “VA

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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. So it’s really the same story, just different markets,” Gagliano said. What opportunities did the firm see?

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Technology Mortgages Bankruptcy Industrial 472

Housing Wire

APRIL 3, 2024

The plaintiffs claim they hired independent mortgage brokers, believing the wholesale channel was the best option for getting affordable mortgages because these professionals can shop around — a different model from loan officers employed by retail lenders. “As The wholesale lender called the accusations a “sham.” Escue, Billy R.

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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 417

Housing Wire

APRIL 15, 2024

The National Association of Mortgage Brokers (NAMB) announced a partnership with artificial intelligence (AI)-based video marketing platform Roomvu to provide mortgage brokers with marketing tools. Their innovative marketing technology is easy to use and is proven to move the needle in our industry.

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Marketing Mortgages Loans Industrial 340

Housing Wire

SEPTEMBER 20, 2022

With so much changing in the market, it’s no surprise that the risk of mortgage fraud has increased this year. HousingWire recently spoke to Donna Gibson, COO and president of QC Ally, about fraud prevention and loan quality outlook for the rest of 2022. Leadership has had to make some tough decisions with the change in market.

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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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Housing Wire

JUNE 30, 2021

And due to today’s booming housing market, they’re having to do even more. CF Wholesale provides brokers with the resources and technology to drive their business and serve their clients. Closing prep control: Brokers can quickly generate their own closing docs, which means they can close their purchase loans on time.

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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.

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Technology Mortgages Lending Loans 372

Housing Wire

FEBRUARY 16, 2024

To take advantage of the shifting market, two key areas that loan originators should be focusing on are “nurturing and cementing relationships with preapproved borrowers,” said Tim Braheem, founder and chief content creator of The Loan Atlas. So, kind of like a turnkey kit to get in front of a one-to-many type situation.”

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Mortgages Loan Officer Marketing Loans 391

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

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Housing Wire

NOVEMBER 30, 2022

Cloudvirga’s platform solves for both by creating the best experience for borrowers and loan officers. The Cloudvirga team has been able to dramatically improve the experience of the borrower and the loan officer. Cloudvirga is here to help capture and retain the market you need and deserve.”.

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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. Recent trends indicate that the mortgage market is beginning to see the end of the refinance boom and enter a purchase heavy market.

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Technology Closing Loan Officer Mortgages 419

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.

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Technology Loans Loan Officer Mortgages 355

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. HousingWire recently spoke with John Keratsis, President and CEO of Deephaven Mortgage, about the potential benefits of non-QM lending in today’s tight housing market.

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Housing Wire

JUNE 14, 2023

There has been a seismic shift in the mortgage industry, and it has redefined how mortgage originators must approach the new market , as mortgage rates have more than doubled from their 2022 lows. Non-QMs could present a new revenue channel for the originators facing reduced loan volume.

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Loans Technology Lending Mortgages 343

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 366

Housing Wire

APRIL 28, 2023

Digital lending solutions provider DocMagic announced this week that it has added ADA-compliant mortgage loan documents to its document library. The new digital documents are accessible to visually impaired users and others with disabilities, unlocking opportunities for these consumers into the broader mortgage market.

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Loans Lending Technology Design 320

Housing Wire

APRIL 30, 2024

Nominations for HousingWire’s 2024 Marketing Leaders Leaders award are open now through April 30th, 2024. Savvy marketing leaders like Coleen Bogle, CMO at New Jersey-based mortgage lender The Money Store have become critical to the industry. Click here to nominate someone.

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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 381

Housing Wire

MAY 3, 2024

The dismal 2024 mortgage market has one very silver lining: $32 trillion in home equity. 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. That should be a 5/1 closed end loan with a line of credit kicker,” Deitch said.

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Housing Wire

MAY 22, 2023

Top-producing loan officer Christopher Keelin has taken his 80+person team over to CrossCountry Mortgage to “take advantage” of the lender’s technology while scaling his business. Being a consultant has helped Keelin retain and grow his client base, especially in his main markets of New Jersey and Florida.

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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.

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Loans Lending Investor Mortgages 361

Housing Wire

DECEMBER 9, 2021

In 2022, many Americans affected by COVID-19 will need to make a decision about the resolution to their mortgage forbearance,” said Jeremy Potter, head of legal and capital markets at Stavvy. We’ve experienced the important role technology can play in helping homeowners access the tools and solutions their mortgage servicer is offering.

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Technology Loans Closing Lending 358

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

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Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like? Factors like location and condition of the property and the market demand for REO and other existing home sales, impact the current landscape for REO assets. territories.

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Due diligence Marketing Mortgages New Construction 373

Housing Wire

MARCH 30, 2023

Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage , spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. We all know that home affordability is an issue for everyone right now.

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Loans Mortgages Loan Officer Lending 375

Housing Wire

AUGUST 11, 2021

Insights by ICE Mortgage Technology. Users can view by benchmark, map count, map trends, performance at a glance, see aggregated borrow profiles, closed loan trends, and much more. The post Mortgage Tech Demo Day: Insights by ICE Mortgage Technology appeared first on HousingWire. Product Fast Facts. #1. Get More Info.

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Technology Mortgages Industrial Loans 383

Housing Wire

APRIL 10, 2023

As a follow-up, HousingWire sat down with Peter Richter, co-founder and president at Flueid, to discuss why mortgage lenders should be asking for a quick, data-driven title check at loan application, rather than an instant title commitment, to understand and verify what’s going on with a property and consumer from the start.

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Housing Wire

MARCH 28, 2024

the parent of digital lender Better.com , narrowed its net loss between the third and fourth quarters of 2023 by more than 80%, driven by expense cuts to its platform and marketing efforts. Going forward, Better is focused on driving market share and reaching profitability in the medium term. Better Home & Finance Holding Co. ,

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Loan Officer VA loan Loans Technology 401

Housing Wire

MAY 30, 2023

And, in the mortgage industry, AI will play an instrumental role in helping loan officers to be more efficient, according to Nima Ghamsari , Blend ‘s co-founder and CEO. The most difficult part, however, is building the technology. of the total market originations in the second half of 2022, up from 14.5%

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Loan Officer Loans Banks Technology 360

Housing Wire

SEPTEMBER 8, 2022

People who invest in technology often ask the question: is this a “nice to have,” or a “need to have?” Few have the resources to invest in technologies they don’t need. What’s the worst that can happen if we don’t invest in this technology?”. Mike is an experienced mortgage loan officer. How marketing saved my business.

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Marketing Technology Loan Officer Loans 418

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housing market is the strength in new-home sales. They were withdrawing volatility from the market, and they were lowering rates to benefit consumers.

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FHA loan Bankruptcy Marketing Loans 437

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. But Woodward struggled to originate purchase loans. “I For Woodward, the pink slip arrived in October. The closer, the better.

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Mortgages Marketing Lending Loans 519

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.

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Technology Mortgages Due diligence Commercial 369

Housing Wire

JANUARY 29, 2024

Read on to learn more about what Doug Duncan – Fannie Mae’s senior vice president and chief economist — and Mark Palim – Fannie Mae’s vice president and deputy chief economist – had to say about the housing market, the Fed’s interest rate cut timeline and their views on overcapacity in the industry. They noted that their forecast for the U.S.

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