Housing Wire

NOVEMBER 2, 2023

This was the first earnings delivered by Rocket’s new CEO, Varun Krishna , who focused his conversation with analysts on the potential of artificial intelligence (AI) and other technologies to transform the business. Rocket’s servicing book unpaid principal balance, which includes subserviced loans, was $506 billion as of Sept.

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Principal Loans Technology Mortgages 405

Housing Wire

OCTOBER 13, 2023

The Connecticut-based Beinfield Team returned to Compass , the company announced on Tuesday. “This transition is all about securing the future success of my team,” Liz Beinfield, the team’s principal agent, said in a statement.

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Principal Brokerage Agents Technology 389

Housing Wire

JULY 12, 2023

BlackFin Group announced on Wednesday the appointment of Christopher Call as the principal consultant on the BlackFin Group Professional Services team. In this new role, Call will assume leadership of the expanding team. “I am eager to serve our clients by delivering on their critical business needs,” Call said. “We

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Principal Technology Banks Mortgages 293

Housing Wire

FEBRUARY 22, 2024

It’s scary out there,” a technology leader at a top lender said anonymously, adding that there were recent cyberattack attempts at his company. But they acknowledge that they keep a vast amount of customer data and some players may be vulnerable amid a shrinking market. Training their workforce is also crucial, they said.

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Industrial Mortgages Investor Technology 385

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. million in unpaid principal balance; pool 2 is at $342.5 As the mortgage world becomes more technologically interconnected, the risks to cybersecurity, data and infosecurity increase.

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Loans Purchase and sale agreement Principal Due diligence 378

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.

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Technology Development Title Lending 421

Housing Wire

AUGUST 7, 2023

In addition, Compass also reported an increase of 429 principal agents compared to a year ago and a retention rate of over 90%. “We Greg Hart, Compass’ chief operating officer, added: “We continue to grow our principal agent count since we eliminated cash and equity sign on incentives last summer. Compass is going the other direction.

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Brokerage Principal Title Equity 345

Realty Biz

JULY 1, 2022

NYSE: COMP), a leading technology-enabled residential real estate brokerage, today announced the appointment of Dawanna Williams to its board of directors effective July 1, 2022. Williams currently serves as Founder and Managing Principal of Dabar Development Partners. Compass, Inc. She holds an A.B. from Smith College, an M.P.A.

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Principal Development Brokerage Residential 86

Housing Wire

DECEMBER 30, 2020

2020 served as a real litmus test for mortgage technology and fintech. Between having to transition whole teams to work from home — in some cases over just a weekend — to dealing with crushing origination volume, companies could clearly see the advantages or disadvantages of the technology they had invested in. .

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Principal Technology Development Mortgages 405

Housing Wire

FEBRUARY 16, 2023

LauraMac, a provider of mortgage loan review SaaS technology, has appointed Rick Seehausen as its chief strategy officer. Prior to joining LauraMac, he served as a principal at LauraMac’s parent company Calterra Capital, where he continues to be an executive advisor to personal holdings. where he will continue to serve in this role.

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Loans Principal Technology Development 299

Housing Wire

AUGUST 25, 2022

As part of that, we continue to develop technology that helps businesses engineer full end-to-end purchase and refinance experiences. The API makes it easy for businesses to expand without an expensive and timely investment in custom built technology.”. Qualia is not the only closing software firm working on improving integration.

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Title Principal Commercial Technology 359

Housing Wire

MAY 9, 2024

” UWM has focused on other ways to help brokers, such as investing in technology, he said. billion in unpaid principal balance (UPB), compared to $299.5 ” One thing UWM has tried to improve is its jumbo offerings. The firm’s jumbo production strongly increased in the first quarter to $2.4 million in cash.

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Sales Principal Loans Mortgages 238

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.

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Principal Lending Loans Technology 346

Housing Wire

MAY 15, 2024

In the contemporary digital landscape , one of the principal threats to an organization’s cybersecurity infrastructure stems from sophisticated email phishing attacks. Phishing, a form of social engineering, entails deceitfully soliciting sensitive information by masquerading as a legitimate entity in digital communications.

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Principal As-is Closing Technology 328

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. billion in unpaid principal balance (UPB) in 2023, down 9% year over year.

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Technology Loans Principal Mortgages 352

Housing Wire

FEBRUARY 15, 2023

TrustEngine, led by CEO Rich Harris, said borrower intelligence platforms are rapidly gaining traction as mandatory technology for modern mortgage lenders. In January 2022, Sam Ryder, principal at LLR Partners, cited the companies’ solutions products as the reason for the capital investment.

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Sales Mortgages Loans Loan Officer 322

Housing Wire

APRIL 1, 2024

Affordability has always been a challenge,” said Ashkán Zandieh, managing partner and industry chair at the Center for Real Estate Technology and Innovation. “In The notes were originated by Unlock Technologies, issued by private investment firm Saluda Grade and rated by DBRS Morningstar. The annual investment volume in the U.S.

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Equity Finance Purchase and sale agreement Investor 383

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. Hubacker joined the mortgage lender in October 2020 as chief accounting officer. Forrester served as UWM’s CFO for 10 years.

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Principal Finance Mortgages Loans 355

Housing Wire

DECEMBER 14, 2022

Department of Housing and Urban Development (HUD) and principal executive vice president of Ginnie Mae. MISMO’s role is more of a collaborative one, acting as a central point between lenders, servicers, regulators, insuring and guaranteeing agencies, GSEs, and technology providers. Mortgage Insurers (USMI) as its president in 2023.

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Principal Development Finance Industrial 332

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.

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Finance Principal Residential Development 357

Housing Wire

FEBRUARY 17, 2021

In exchange, @Properties is offering its marketing department, their proprietary technology @platform, and potential financial assistance in a firm’s expansion. I literally met with absolutely everybody,” Walstrom added, stating he found @properties’ marketing and technology superior. Presented by: Motto Mortgage.

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Brokerage Principal Technology Equity 330

Housing Wire

FEBRUARY 13, 2023

I’m excited to help us innovate our operations and leverage technologies to build on that advantage…” Prior to joining Deephaven, Drago was the chief operations officer for the Southeast and Mountain West divisions of Guaranteed Rate. His aim is to empower brokers and correspondents to serve more non-QM borrowers, he said in a statement. “In

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Mortgages Principal Banks Equity 312

Housing Wire

JANUARY 5, 2022

Think technology and service providers, too — a smaller mortgage market affects everyone. Only people, NOT TECHNOLOGY — can fill the knowledge gap. Dan Green is Principal at The BlackFin Group. I do hope everyone had a joyous holiday season, spending some relaxing time with family and friends. The holiday season is winding down.

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Industrial Mortgages Principal Technology 441

Housing Wire

DECEMBER 15, 2021

According to Ledn, if Bitcoin prices drop, the client needs to deposit more collateral or pay down some of the principal. Some banks, lenders, and fintechs are testing the technology, but the lack of regulatory clarity and fears of volatility have kept these currencies from becoming fully integrated into products and services. .

Mortgages 413

Mortgages Lending Banks Investor 413

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

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Principal Loans Technology Mortgages 331

Housing Wire

SEPTEMBER 28, 2020

This system uses virtual reality technology which allows clients to be put in a virtual representation of a property that hasn’t been built yet. This project has been in development for just over a year, and now gives potential homebuyers the chance to tour a home that hasn’t been built yet with its virtual reality technology.

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Brokerage Principal Development Technology 544

Housing Wire

MAY 1, 2023

For instance, with higher-priced mortgages, lenders need to verify the consumer’s ability to repay, ensure there is no prepayment penalty and make sure escrow taxes and insurance payments are paid each month along with the loan’s principal and interest. Why do you think that is? Both are highly regulated at both the state and federal level.

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Loans Lending Technology Principal 324

Housing Wire

MAY 2, 2022

The company’s job cuts include human resources, technology, talent acquisition, and executive assistant positions. In October 2021, a $175 million investment from principals at the private holding company StoicLane was used to grow operations and refine and develop new technologies. Presented by: Acra Lending.

Loan Officer 357

Loan Officer Principal Loans Mortgages 357

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 378

Sales Mortgages Loan Officer Principal 378

Housing Wire

FEBRUARY 14, 2024

Servicing software APIs simplify in-house servicing Digital technologies can help lenders reduce errors, costs, and processing times, delivering better service. Analysts in the mortgage industry are projecting that 2024 will be a better year than 2023 across the board. According to J.D. Power’s 2023 U.S.

Investor 315

Investor Loans Mortgages Principal 315

Housing Wire

JUNE 28, 2023

“Once data is identified, the system can then run a series of automated comparison checks or rules,” Jennifer Fortier , principal at Stratmor, said. Automated comparison checks can help solve one of the biggest issues in mortgage banking: a lack of trust in data provided by borrowers and lenders.

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Industrial Mortgages Principal Loans 342

Housing Wire

AUGUST 26, 2022

HW: Mortgage technology is accelerating quickly and originators are rushing to keep pace. It’s the first and only accelerator in the US that is dedicated to mortgage technology—a Flagstar-sponsored incubator for breakthrough technology in the mortgage space. Lee Smith: Definitely. The same is true for non-qualified mortgages.

Mortgages 337

Mortgages VA loan Loans Technology 337

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.”. A source told Bloomberg that the latest financing – split between $28.5

Mortgages 351

Mortgages Principal Loans Investor 351

Housing Wire

NOVEMBER 19, 2020

While some states, like California , have put up more of a battle against the technology, support from the industry has been loud and clear. Department of Housing and Urban Development and as the principal executive vice president of Ginnie Mae. As for MISMO, changes are underway at the executive level with a Nov.

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Principal Technology Development Mortgages 425

Housing Wire

SEPTEMBER 9, 2021

Lenders that may have been holding out on embracing automation and technology were forced to adapt at breakneck speed to continue to serve customers. Technology that had long been available, but never saw the level of adoption the industry would have hoped for, was now in high demand. Technology as the new table stakes.

Mortgages 386

Mortgages Technology Inspection Closing 386

Housing Wire

MARCH 12, 2024

loanDepot’s unpaid principal balance in its servicing portfolio increased to $145 billion as of Dec. The reduction was impacted by its exit of the wholesale channel in 2022, and it was partially offset by growth in servicing income and home equity lines of credit (HELOCs), as well as higher margins. billion in 2023. billion to $5.5

Principal 343

Principal Mortgages Equity Technology 343

Housing Wire

MAY 10, 2023

billion in the unpaid principal balance of MSRs as of March 31, 2023, compared to $312.5 This is a time when scale, efficiencies, investment in technology and business strategy on purchase are showing the winners separating from the rest,” Ishbia said. million in the first quarter, double the $53.3 UWM had $297.9 ”

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Loans Principal Mortgages Technology 373