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ICE Mortgage Technology is betting on increased sales for 2023

Housing Wire

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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How technology can help mortgage lenders combat repurchase risk

Housing Wire

When individual mortgages are originated by lenders like banks or credit unions , they may bundle groups of these mortgages together into financial vehicles called mortgage-backed securities (MBS) that are then sold to investors on a secondary market. This ensures their bundle retains its credit rating and market value.

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Polly CEO on using technology to improve margins

Housing Wire

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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Tim Bowler named president of ICE Mortgage Technology

Housing Wire

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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DocuSign lays off 400 employees following stalemate in sale talks  

Housing Wire

E-signature company DocuSign laid off 6% of its workforce, or about 400 employees, following reports that the fintech company’s talks in exploring a sale have stalled. A majority of the impacted positions came from the company’s sales and marketing organizations, the company said. DocuSign had 7,336 employees at the end of 2023.

Sales 417
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Redfin expands agent compensation plan to seven new markets

Housing Wire

Redfin is expanding an agent compensation plan it launched last year by adding seven new markets starting in May, the national real estate brokerage announced Thursday. Beginning May 5, Redfin Next will be available in seven markets outside the Golden State —including Chicago, Connecticut, Dallas, Miami, New York City, Washington, D.C.,

Agents 405
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Mortgage Machine Services taps Dan McGrew to lead sales 

Housing Wire

Mortgage Machine Services , a digital origination technology provider, has appointed Dan McGrew as director of sales. In this role, McGrew will shoulder the responsibility of marketing the company’s digital products, including the flagship loan origination system (LOS) Mortgage Machine. based boutique SAP consulting firm.

Sales 390