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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Loans Loan Officer Mortgages Closing costs 458

Housing Wire

JANUARY 18, 2024

Dark Matter Technologies , formerly Black Knight Origination Technologies, is gearing up to bring more lenders on to use its Empower loan origination system in 2024. Read on to learn more about how Dark Matter Technologies’ plans increase market share and utilize AI in its LOS.

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Technology Marketing Loans Development 357

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.

Technology 354

Technology Mortgages Loans Industrial 354

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 366

Housing Wire

JUNE 20, 2023

Mike Cagney’s Figure Technologies rolled out a wholesale lending platform that will give loan originators access to the company’s home equity line of credit (HELOC) offering. The funding timeline of five business days assumes closing the loan with Figure’s remote online notary, Figure said.

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Lending Technology Pre-approval Equity 326

Housing Wire

MAY 18, 2023

FormFree , a leading provider of mortgage lending technology , announced on Wednesday that it has appointed Jonathan Nahil as its new chief technology officer (CTO). Nahil brings to the role over 20 years of experience as a software architect and leader of development teams in renowned technology organizations.

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Technology Lending Development Loans 301

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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VA loan Loans Loan Officer FHA loan 351

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 472

Housing Wire

JUNE 30, 2021

CF Wholesale provides brokers with the resources and technology to drive their business and serve their clients. When a broker partners with CF Wholesale, they gain access to Octane, its in-house loan origination technology that compresses turn times and gives them full control.

Technology 329

Technology Loans Lending Closing 329

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.

Technology 364

Technology Mortgages Lending Loans 364

Housing Wire

AUGUST 26, 2021

Analytics vendor CoreLogic announced Thursday that it has entered into an enterprise agreement with ICE Mortgage Technology to integrate and automate its core solutions on ICE’s platform, enabling a more streamlined workflow for lenders. How technology can help underwriters work more productively. Presented by: CoreLogic.

Technology 412

Technology Mortgages Loans Title 412

Housing Wire

AUGUST 9, 2022

Vesta Loan Origination System. Vesta is the next generation loan origination system (LOS) specifically built to help lenders transform to technology companies. The post HousingWire August Demo Day: Vesta Technologies appeared first on HousingWire. Product Fast Facts. #1. Get More Info.

Technology 359

Technology Loans Development As-is 359

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 379

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.

Equity 370

Equity Loans Mortgages Technology 370

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

As-is 370

As-is Principal Mortgages Loans 370

Housing Wire

MAY 11, 2023

Flueid , a leading technology company specializing in real estate transactions, announced on Thursday the integration of its patented Flueid Decision platform with Encompass by ICE Mortgage Technology. The report includes Flueid ‘Pro Tips’ that explain alerts and provide guidance on curative items for title.

Loans 359

Loans Title Title search Loan Officer 359

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 342

Housing Wire

SEPTEMBER 2, 2021

While new technologies have a reputation for breaking the bank, the average lender only budgets less than 10% of their overall operations costs for technology. While new technologies have a reputation for breaking the bank, the average lender only budgets less than 10% of their overall operations costs for technology.

Technology 420

Technology Closing Loan Officer Mortgages 420

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 355

Technology Sales Mortgages Lending 355

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 332

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. Nominations for HousingWire’s 2024 Marketing Leaders Leaders award are open now through April 30th, 2024.

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Loan Officer Technology Loans Finance 403

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. All of this is wrapped in an experience as simple and easy to manage as the borrower’s. “A

Loan Officer 327

Loan Officer Loans Branding Technology 327

Housing Wire

SEPTEMBER 19, 2022

SPS) has struck a deal to acquire certain assets of Texas-based Rushmore Loan Management Services LLC. million loans. .” million loans. According to a June ratings report from Fitch Ratings , Rushmore serviced approximately 376,000 loans totaling $64.2 Select Portfolio Servicing Inc. billion as of March 31, 2022.

Loans 331

Loans Property Management Technology Branding 331

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

Loans 381

Loans Purchase and sale agreement Principal Due diligence 381

Housing Wire

JUNE 17, 2022

Do loan officers need more technology than they currently have? Will new technology change anything? Most loan officers do not believe they need more tech than they have now. Most loan officers do not believe they need more tech than they have now. They do not need more technology. Let that sit a second.

Loan Officer 353

Loan Officer Loans Technology Banks 353

Housing Wire

JUNE 14, 2023

Non-QM loans can lead to more referrals The current housing market has necessitated a new approach for mortgage professionals who want to increase the number of loans on their desks. Non-QMs could present a new revenue channel for the originators facing reduced loan volume.

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Loans Technology Lending Mortgages 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.

Technology 258

Technology Mortgages Development Loans 258

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. Much of modern lending technology is designed to give consumers the convenience to access loan documents in the ways that work best for them.

Loans 303

Loans Lending Technology Design 303

Housing Wire

APRIL 13, 2023

Simplifile by ICE Mortgage Technology electronically connects people, technologies and data in the real estate transaction to streamline their workflows. Specifically, Simplifile is an electronic document and collaboration platform that helps to simplify the process of submitting, tracking and managing real estate documents.

Technology 299

Technology Mortgages Pre-approval Closing 299

Housing Wire

DECEMBER 9, 2021

We’ve experienced the important role technology can play in helping homeowners access the tools and solutions their mortgage servicer is offering. We’re using] our technology to help homeowners and servicers alike facilitate more convenient and more equitable access to loan products and closings.”.

Technology 345

Technology Loans Closing Lending 345

Housing Wire

JULY 31, 2022

From fully online to wet-sign and hybrid options, the end-to-end solutions Black Knight brings to the table are designed with the purpose of helping lenders select the best way to close each loan while providing a simplified closing process with lower costs and improved customer outcomes.

Technology 335

Technology Loans Closing Lending 335

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.

Technology 377

Technology Mortgages Industrial Loans 377

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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Loan Officer Loans Investor Technology 313

Housing Wire

JANUARY 6, 2022

Technology solutions provider Covius announced Tuesday that it is integrating the Stavvy platform into its loss mitigation and loan modification solutions. Before Ginnie Mae’s announcement, only Fannie Mae , Freddie Mac and loans securitized outside of the GSEs were potentially RON-eligible.

Loans 417

Loans Technology Investor Mortgages 417

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 349

Loans Lending Investor Mortgages 349

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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Title Loans Equity Title search 329

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 402