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 375

Technology Sales Mortgages Lending 375

Housing Wire

JANUARY 24, 2024

San Diego-based reverse mortgage wholesale lender Smartfi Home Loans has forged a partnership with LoanPASS to use the technology company’s software-as-a-service (SaaS) product and pricing engine in its reverse lending operations. Their innovative solution supports our commitment to streamlining the lending process for our partners.”

Technology 388

Technology Lending Equity Loans 388

Housing Wire

APRIL 29, 2024

Intercontinental Exchange (ICE) introduced MSP Digital Experience (MSP DX), a conversational user interface designed to interact with the company’s leading mortgage servicing system, MSP. MSP DX provides servicing professionals with an intuitive, dynamic and conversational approach to working within MSP.

Mortgages 315

Mortgages Technology Industrial Loans 315

Housing Wire

SEPTEMBER 19, 2023

Grid151 , a technology products provider for the mortgage and real estate industries, has acquired Simply Secure Sign , an eClosing technology platform, the company announced Tuesday. Up until today, Simply Secure Sign’s largest user was Mortgage Connect, L.P , a prominent national provider of mortgage services.

Technology 402

Technology Title Land Closing 402

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.

Technology 394

Technology Lending Mortgages Industrial 394

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 330

Technology Mortgages Pre-approval Closing 330

Housing Wire

AUGUST 11, 2021

Insights by ICE Mortgage Technology. The post Mortgage Tech Demo Day: Insights by ICE Mortgage Technology appeared first on HousingWire. Product Fast Facts. #1. A software as a service industry and peer benchmarking product with an intuitive interface that is quickly provisioned and can be immediately used. #2.

Technology 392

Technology Mortgages Industrial Loans 392

Housing Wire

APRIL 23, 2024

On Tuesday at The Gathering by HousingWire in Scottsdale, Arizona, Guild Mortgage CEO Terry Schmidt sat down with HousingWire editor in chief Sarah Wheeler to talk about the principles guiding much of the lender’s actions in recruiting, mergers and acquisitions (M&A) and overall business outlook. There were also product advantages.

Mortgages 399

Mortgages Technology Development Loans 399

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. Movement Mortgage , First American Financial and FinVC also joined existing investors 8VC , Khosla Ventures and Fifth Wall.

Technology 279

Technology Mortgages Development Loans 279

Housing Wire

NOVEMBER 16, 2023

CUSO Home Lending rolled out Dark Matter Technologies ’ Empower loan origination system (LOS) for its credit union owners. Dark Matter Technologies, which completed the acquisition of Black Knight ’s Empower and Optimal Blue in September, is prioritizing bringing down origination costs for lenders.

Lending 403

Lending Technology Loans Branding 403

Housing Wire

APRIL 18, 2024

Every business is on the brink of significant transformation driven by the potential of Artificial Intelligence (AI) and workflow automation, and the mortgage industry is no exception. HousingWire spoke with Gareth Borcherds , managing director at Ascent Software Group about how AI is speeding up processes in the mortgage industry.

Industrial 417

Industrial Mortgages Technology As-is 417

Housing Wire

MARCH 20, 2024

The PROGRESS in Lending Association released the names for its 2024 Innovations Award winners last week, including two vendors that are active in the reverse mortgage industry, according to an announcement. Also recognized by the PROGRESS in Lending Association was Mortgage Cadence , which was lauded for its technology innovation.

Lending 376

Lending Mortgages Technology Banks 376

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.

Technology 332

Technology Lending Development Loans 332

Housing Wire

MARCH 28, 2024

A race is a useful analog for the mortgage business, especially as it relates to the refinance business. Anticipating the start of the refi race When mortgage rates finally rose above their historically low levels, the mortgage refinance business started to dry up. In our business, that’s the refinance transaction.

Mortgages 451

Mortgages Technology Loan Officer Loans 451

Housing Wire

APRIL 17, 2024

Tennessee-based multichannel mortgage lender First Community Mortgage announced on Wednesday that it has selected the Blue Sage Solutions digital lending platform and its LION Consumer POS to help scale its growth efforts across the 48 states it operates in.

Mortgages 418

Mortgages Loan Officer Lending Loans 418

Housing Wire

JANUARY 31, 2024

Dark Matter Technologies (DMT) tapped Tony Fox, former director of ICE Mortgage Technology , as its new chief of client engagement. Fox was director of client management at I CE Mortgage Technology for four months after the firm acquired Black Knight in September 2023.

Mortgages 405

Mortgages Technology Banks Development 405

Housing Wire

MARCH 15, 2024

Optimal Blue has brought on Sara Holtz, former vice president of demand marketing and communications at ICE Mortgage Technology , as chief marketing officer (CMO). About 68% of the top 500 mortgage lenders in the country use the company’s products, according to Optimal Blue.

Mortgages 412

Mortgages Technology Investor Loans 412

Housing Wire

MARCH 18, 2024

Lennar Mortgage , a financial services subsidiary of Lennar Corp. will move its servicing operations to the industry-leading MSP loan servicing system from ICE Mortgage Technology , ICE announced on Monday. It can also be used as a channel for mortgage holders to seek assistance in times of distress.

Loans 422

Loans Mortgages Technology Finance 422

Housing Wire

APRIL 18, 2024

Florida-based First Federal Bank announced on Thursday that it struck a deal to acquire Watson Mortgage Corp., expanding its mortgage retail lending footprint in the communities in which it operates. Last year, the community bank originated about $435 million in mortgage volume, per mortgage data platform Modex.

Banks 413

Banks Mortgages Loan Officer Loans 413

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. Cagney’s attempt to bring blockchain technology to mortgage lending at scale dates back to August 2021.

Lending 352

Lending Technology Pre-approval Equity 352

Housing Wire

MAY 2, 2021

Over the last several years, significant technology trends continue to change the way people interact and work, and collateral valuation is no exception. Leveraging the company’s proprietary technologies – ACI Sky Delivery and ACI Sky Review – helps speed up the process and provides easier access to data for assessing the property.

Technology 400

Technology Mortgages Inspection Investor 400

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.

Technology 370

Technology Mortgages Due diligence Commercial 370

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.

Technology 388

Technology Marketing Loans Development 388

Housing Wire

AUGUST 9, 2023

UWM Holdings Corporation , the parent of United Wholesale Mortgage (UWM), was another mortgage lender that returned to profitability in the second quarter of 2023, just like its primary competitor Rocket Companies and the origination segments of Mr. Cooper and Pennymac. To compare, Rocket Mortgage originated $22.3

As-is 370

As-is Principal Mortgages Loans 370

Housing Wire

MARCH 12, 2024

nonbank mortgage lenders continue to gain market share as the industry consolidates and a number of smaller players exit the space due to a lack of strong franchises to retain sufficient volume, Fitch Ratings reported Tuesday. Fairway Independent Mortgage Corp. Rocket Mortgage had purchase origination volume of $47.5

Mortgages 462

Mortgages Marketing Lending Banks 462

Housing Wire

APRIL 10, 2024

Mortgage brokers ’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided. Violations identified vary across different stages of the loan process.

Banks 392

Banks Brokerage Mortgages Loans 392

Housing Wire

MARCH 25, 2021

The Mortgage Collaborative announced today the first investment of its recently launched TMC Emerging Technology Fund LP, or TMC Fund. The venture capital program is funded by a self-selected segment of TMC members to capture opportunities driven by the rapid pace of technological change in the mortgage sector.

Technology 352

Technology Mortgages Commercial Finance 352

Housing Wire

FEBRUARY 22, 2024

Recent cyberattacks at mortgage companies have put the industry in alert mode, executives at top lenders, servicers, tech vendors and investors told HousingWire. It’s scary out there,” a technology leader at a top lender said anonymously, adding that there were recent cyberattack attempts at his company.

Industrial 429

Industrial Mortgages Investor Technology 429

Housing Wire

APRIL 23, 2024

loanDepot CEO Frank Martell expects the current mortgage market cycle to be “longer and tougher than anybody expected.” That’s kind of evaporated,” Martell said on Tuesday morning in a session during The Gathering , HousingWire’s real estate and mortgage conference held in Scottsdale, Arizona.

Mortgages 317

Mortgages Technology Equity Renovation 317

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.

Technology 429

Technology Closing Loan Officer Mortgages 429

Housing Wire

MARCH 29, 2024

A passion for technology led her to work in the fintech and blockchain spaces, and she has now turned her attention to the senior finance space by founding a company called Graceful Finance. naturally exposing her more closely to the American reverse mortgage industry. But the problem is they’re cash-flow poor in relative terms.”

Mortgages 435

Mortgages Finance Loan Officer Equity 435

Housing Wire

SEPTEMBER 26, 2023

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 391

Sales Mortgages Technology Lending 391

Housing Wire

JUNE 14, 2021

ICE Mortgage Technology will now deploy an “eVault” solution as part of its mortgage closing platform to ensure the secure storage of digital mortgages and notes, it announced late last week. Digital mortgage platform DocMagic Inc. ICE also acquired Simplifile in 2019 for $335 million.

Technology 391

Technology Closing Lending Mortgages 391

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.

Technology 361

Technology Loans Loan Officer Mortgages 361

Housing Wire

APRIL 25, 2024

Photo credit: AJ Canaria Reverse mortgages became an unexpectedly prominent topic during certain parts of The Gathering by HousingWire , held earlier this week in Scottsdale, Arizona. Reverse mortgages for purchase are taking up more conversation on the reverse side of the business recently.

Mortgages 334

Mortgages Finance Equity Lending 334

Housing Wire

FEBRUARY 2, 2024

The Federal Housing Administration (FHA) on Friday announced that it has published a new final rule that eliminates a current requirement for lenders to register the branch offices where they conduct FHA Title I or Title II mortgage loan originations.

Mortgages 439

Mortgages Title Loans Lending 439

Housing Wire

FEBRUARY 8, 2024

This week, Mortgage Cadence announced that it had appointed longtime reverse mortgage industry professional George Morales to serve on its sales team. The company is aiming to bring more reverse mortgage technology solutions to potential partners already in the industry and those that have yet to enter it.

Banks 389

Banks Mortgages Technology Branding 389