Housing Wire

APRIL 24, 2024

Thanks to our strategic emphasis on technology, including years of investment in AI and the cloud, Mr. Cooper is well positioned to provide our customers with world-class service, operate as a trusted counterparty for our industry stakeholders, and grow and sustain investor returns.” billion in unpaid principal balance (UPB).

Equity 282

Equity Lending Principal Technology 282

Housing Wire

FEBRUARY 16, 2023

LauraMac, a provider of mortgage loan review SaaS technology, has appointed Rick Seehausen as its chief strategy officer. I look forward to working closely with Rick to leverage the success of our Loan Review System, prepare the launch of our Loan Acquisition System, and guide us in the development of new product lines.”

Loans 283

Loans Principal Technology Development 283

Housing Wire

DECEMBER 11, 2023

The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand. There’s been increased activity in the last two weeks [more] than the last two months. If we compare 24 months ago, demand is way off.

Mortgages 449

Mortgages Fixed-rate mortgage Equity Loans 449

Housing Wire

FEBRUARY 15, 2023

The TrustEngine Borrower Intelligence Platform, as the platform is called, wraps around the entire mortgage tech stack to drive origination volume by “identifying loan opportunities and engagement strategies tailored to each borrower’s needs,” the companies said in a statement Wednesday.

Sales 304

Sales Mortgages Loans Loan Officer 304

Housing Wire

MARCH 5, 2024

Sanjiv Das, former CEO of Caliber Home Loans , has joined the board of directors at Two Harbors Investment Corp , a Minnesota-based real estate investment trust that expects to launch a mortgage originations platform in the second quarter of 2024. Before joining Pagaya, Das was CEO of Caliber Home Loans.

Principal 195

Principal Commercial Loans Mortgages 195

Housing Wire

MAY 9, 2024

The company’s volume in the first quarter consisted mainly of purchase loans, representing $22.1 billion in closed loan volume from January to March. Pricing strategies UWM’s profit on each loan also increased in the quarter, exceeding the pre- Game On pricing initiative launched in June 2022. million in cash.

Sales 238

Sales Principal Loans Mortgages 238

Housing Wire

MARCH 7, 2024

The company also touted its dominance in Home Equity Conversion Mortgages (HECMs) and proprietary reverse mortgages, noting its 37% share of the total market while expressing a goal of doubling its monthly loan origination volume on a dollar amount basis in the months ahead.

Mortgages 321

Mortgages Marketing Equity Finance 321

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. AI can understand the loan status, a loan profile and AI can respond to the consumer.

Mortgages 437

Mortgages Loan Officer Loans Equity 437

Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

Technology 407

Technology Development Title Lending 407

Housing Wire

FEBRUARY 2, 2024

That’s despite a net loss in the last quarter of the year attributable to the resolution of a long-standing arbitration process with Black Knight regarding its servicing technology and losses in mortgage servicing rights (MSR) fair value. Loan production was $99.4 California-based Pennymac delivered a $144.7

Technology 334

Technology Loans Principal Mortgages 334

Housing Wire

FEBRUARY 14, 2024

Additionally, modern mortgage servicing software and Application Programming Interfaces (APIs) automate investor reporting and compliance and create a more efficient workflow, effectively allowing servicers to service loans in-house to maximize their advantages. According to J.D.

Investor 299

Investor Loans Mortgages Principal 299

Housing Wire

FEBRUARY 2, 2021

Ginnie Mae announced its first guarantee of a mortgage-backed security backed by digital pools, or pools of loans that consist entirely of eNotes. The MBS were loans closed by Rocket Mortgage in December, are issued as of Jan. The total principal value of the digital pools came to about $24 million. Presented by: CoreLogic.

Principal 404

Principal Closing Loans Mortgages 404

Housing Wire

JANUARY 10, 2022

PennyMac Financial Services announced today that it’s launching a new technology platform for its broker channel, and it has rebranded its broker division from PennyMac Broker Direct to Pennymac TPO. ” The timeline for the platform’s launch has not been made public. As of Sept. As of Sept.

Principal 329

Principal Lending Loans Technology 329

Housing Wire

APRIL 1, 2024

When Hometap launched in 2017, the Boston-based fintech offered an unorthodox answer to this question for homeowners looking for an alternative to a loan. Affordability has always been a challenge,” said Ashkán Zandieh, managing partner and industry chair at the Center for Real Estate Technology and Innovation. “In

Equity 365

Equity Finance Purchase and sale agreement Investor 365

Housing Wire

FEBRUARY 9, 2024

trillion of unpaid principal balance (UPB) in mortgage servicing rights (MSR) by the end of March, a target announced in July 2021 when the portfolio was at $650 billion. You have to build and invest in technology. billion in loans, it had a $100 million pretax operating income. “ A key theme for 2023 was operating leverage.

Loans 350

Loans Principal Equity Banks 350

Housing Wire

DECEMBER 14, 2022

She previously held several roles at Fannie Mae, including financial analyst, manager of corporate planning, director of enterprise system operations and ultimately, director of loan operations. Department of Housing and Urban Development (HUD) and principal executive vice president of Ginnie Mae.

Principal 315

Principal Development Finance Industrial 315

Housing Wire

DECEMBER 15, 2021

Loan originations in dollars increased by more than 25% since the third quarter of 2020, and 44% of loan clients are in Latin America. Loan originations in dollars increased by more than 25% since the third quarter of 2020, and 44% of loan clients are in Latin America. It claims that the startup has over $1.7

Mortgages 411

Mortgages Lending Banks Investor 411

Housing Wire

FEBRUARY 6, 2023

He became an interim principal financial officer in July 2022 following the death of Timothy Forrester. billion and injected $925 million into UWM to develop new technology and grow the broker channel. Recently, UWM gave brokers discounts to be used on any loans, with up to 40 basis points per loan, which raised regulatory concerns.

Principal 337

Principal Finance Mortgages Loans 337

Housing Wire

JUNE 28, 2023

Most mortgage professionals have either started to adopt artificial intelligence (AI) or are at least aware of how it can be adopted to make the loan origination process more efficient. “Once data is identified, the system can then run a series of automated comparison checks or rules,” Jennifer Fortier , principal at Stratmor, said.

Industrial 324

Industrial Mortgages Principal Loans 324

Housing Wire

MAY 10, 2023

billion in mortgage loans in the first quarter of 2023, compared to $25.1 billion in purchase loans in the first quarter, a record for the quarter. . In June 2022, the company launched the program ‘Game On,’ slashing prices across all loans by 50 to 100 basis points. million in the first quarter, double the $53.3

Loans 363

Loans Principal Mortgages Technology 363

Housing Wire

JUNE 28, 2022

In January, Sam Ryder, principal at LLR Partners, cited the companies’ solutions products as the reason for the capital investment. The two companies’ technology solutions are already tightly integrated and the relationship between their executives was a bonus to LLR Partners, Ryder told HousingWire in January.

Sales 366

Sales Mortgages Loan Officer Principal 366

Housing Wire

OCTOBER 26, 2021

Tom Richardson, head of strategic capital principal technology investments at Wells Fargo Strategic Capital, said in a statement that the capital “will help them achieve their business goals and continue to expand their product offering.”. The company will not own the loans but sell to investors, picking up the spread.

Mortgages 334

Mortgages Principal Loans Investor 334

Housing Wire

AUGUST 26, 2022

Both HELOCs and non-QM loans are made to order for today’s mortgage market. They generally come with flexible guidelines, longer terms, alternative documentation and more forgiveness of credit events—things you wouldn’t see in agency loans but not necessarily risk factors. Lee Smith: Definitely. Non-QM products are more expansive.

Mortgages 321

Mortgages VA loan Loans Technology 321

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 company’s job cuts include human resources, technology, talent acquisition, and executive assistant positions. Six months ago Interfirst Mortgage Co.

Loan Officer 342

Loan Officer Principal Loans Mortgages 342

Housing Wire

MAY 6, 2022

The firm’s earnings were driven by its servicing portfolio and about $520 billion in unpaid principal balance, said David Spector, chairman and chief executive officer of PennyMac in an earnings call. billion in unpaid principal balance, down 36% from the previous quarter and 32% from the first quarter of 2021. million, down from $106.5

Principal 313

Principal Loans Technology Mortgages 313

Housing Wire

JANUARY 5, 2022

Think technology and service providers, too — a smaller mortgage market affects everyone. There’ll be plenty of racing To people displacing As loans disappear… It’s the most awfullest time of the year! Only people, NOT TECHNOLOGY — can fill the knowledge gap. Dan Green is Principal at The BlackFin Group.

Industrial 441

Industrial Mortgages Principal Technology 441

Housing Wire

OCTOBER 13, 2021

has raised $175 million to accelerate growth and fund new technologies , just 16 months after relaunching its operations. Principals of the private holding company StoicLane led the round, the firms said on Wednesday. Last year, Interfirst relaunched its services with a new proprietary loan origination technology platform.

Mortgages 278

Mortgages Investor Loan Officer Principal 278

Housing Wire

SEPTEMBER 1, 2023

Pennymac Loan Services and RoundPoint Mortgage Servicing reported this week their customers were exposed to a data breach through the Sovos Compliance software , per filings with the Attorney General in California. Pennymac Loan Services was ranked No. billion in unpaid principal balance (UPB) as of June 30, up 2% from March 31.

Principal 311

Principal Loans Mortgages Finance 311

Housing Wire

MARCH 25, 2022

Most of the positions to be eliminated are home loan specialists, including those with expertise in refinancing. In Roseville, where the company has a consumer-direct business and information technology organization, Pennymac will eliminate 81 positions. In loan service, it is at 4.1% Presented by: Acra Lending. of the market.

Lending 380

Lending Principal Loans Banks 380

Housing Wire

FEBRUARY 25, 2022

The Federal Housing Administration (FHA) announced on Thursday the launch of a new portal for the Department of Housing and Urban Development ’s Single Family Mortgage Asset Recovery Technology (SMART) system. I feel really good about where we are with FHA Catalyst,” she told HousingWire. million from the year prior.

FHA loan 391

FHA loan Title Principal Development 391

Housing Wire

MAY 23, 2022

The latest round of WARN notices will impact 59 loan officers in the Thousand Oaks, Pasadena, and Roseville offices. The office at Thousand Oaks accounted for the largest layoff notifications — of 97 employees, including 25 loan officers. In the Moorpark office, the firm will eliminate 52 positions, including 14 loan officers.

Loan Officer 393

Loan Officer Loans Principal Mortgages 393

Housing Wire

MARCH 1, 2023

Mat Ishbia , UWM’s chairman and CEO, said in a statement the company became the overall mortgage origination leader in 2022 while originating loans exclusively through the wholesale channel. billion in mortgage loans in the fourth quarter of 2022, compared to $33.4 Purchase loans grew from 38.5% ” UWM originated $25.1

Principal 273

Principal Loans Mortgages Technology 273

Housing Wire

JANUARY 7, 2021

In December, Rocket Mortgage became the first lender to use eNotes in closing a Ginnie Mae -backed loan as part of a pilot program. Now, it says the market is set to see widespread eClosings of Ginnie Mae loans by the end of this year. Leveraging eClosings to effectively manage increased loan volumes.

Closing 501

Closing Mortgages Loans Title 501

Housing Wire

JULY 15, 2021

Morty’s marketplace has processed more than $500 million in loans in the past 12 months, and saw revenue grow 800% year over year. Morty acts as both a marketplace model for users to shop and compare mortgages in one place, as well a broker of loan applications. The company is currently licensed in 36 states and Washington D.C.,

Principal 376

Principal Loans Equity Mortgages 376

Housing Wire

SEPTEMBER 30, 2022

Effective natural language processing technologies extract deeper meaning from unstructured data to make a difference in the lives of countless would-be homebuyers who are credit invisible or have not had the ability to obtain access to affordable housing finance. A year ago at this time, rates averaged 3.01%. Pressure on demand.

Mortgages 448

Mortgages Fixed-rate mortgage Loans Loan Officer 448

Housing Wire

JANUARY 12, 2024

Principal among these are: Invested capital “requires” the highest return. The value of all residential real estate worldwide is approximately $200 trillion. Of this, the U.S. accounts for approximately 23%. Every year, transaction volume in the U.S. exceeds $1.5 Of these, category 2 is the most established. Category 1 is a different beast.

Finance 338

Finance Principal Residential Development 338

Housing Wire

APRIL 27, 2023

“Our large servicing portfolio provides strong and consistent cash flows, enabling us to remain profitable while also continuing to invest in the technology supporting our businesses.” billion in unpaid principal balance (UPB) as of March 31, up 2% from December 31. . million in Q1 2023, down from $37.6 million in Q1 2022.

Principal 339

Principal Banks Loans Mortgages 339