Housing Wire

APRIL 19, 2024

Ginnie Mae also claims that TCB has not exhausted all available “administrative remedies,” that the bank lacks standing “because the claimed injury is not redressable by the powers” of the court, and that the “extinguishment of the collateral is committed to agency discretion.”

Banks 441

Banks Title Equity Development 441

Housing Wire

AUGUST 10, 2023

Blend Builder — a cloud banking platform designed to help businesses in the financial services industry streamline processes for mortgages, loans, deposits and accounts – is a “key driver of the company’s growth strategy,” Ghamsari noted. The mortgage banking suite revenue declined by 17% year-over-year to $22.3

Banks 370

Banks Title Mortgages Loans 370

Housing Wire

OCTOBER 17, 2023

Employment data solution firm Truv has a new integration with cloud banking provider nCino. This latest integration will allow lenders who use the nCino Mortgage Suite to benefit from Truv’s ability to instantly verify income and employment for most of the U.S.

Mortgages 409

Mortgages Banks Loans Closing 409

Housing Wire

DECEMBER 8, 2023

Williams, who worked for Wells Fargo in a Beverly Hills office, said he first expressed his concerns about the alleged practices in January 2020, telling his superiors “he believed that the bank had a policy of favoring some loan originators over others.”

Lending 408

Lending Loans Equity Banks 408

Housing Wire

JANUARY 5, 2024

The suit claims that more than $1 million in member dues were diverted from lobbying efforts into Mercurio’s pocket. However, instead of gifting these items to volunteers, the suit alleges that Mercurio had his executive assistant sell them on the eBay with instructions to deposit the money into his bank account.

MLS 421

MLS Technology Residential Banks 421

Housing Wire

OCTOBER 17, 2023

Mortgage tech firm Blend has launched a lower-cost version of its mortgage suite for retail independent mortgage banks, the company announced this week. This offering, called Blend IMB Essentials, includes many of the same features of its standard offering for mortgage lenders.

Loan Officer 441

Loan Officer Loans Banks Mortgages 441

Housing Wire

APRIL 11, 2024

This influence is why analysts at investment bank Keefe, Bruyette & Woods (KBW) believe the drama surrounding NAR’s commission lawsuit settlement agreement is far from over. The analysts believe the DOJ will file a statement of interest in the Sitzer/Burnett suit in the coming weeks.

MLS 479

MLS Industrial Agents Banks 479

Housing Wire

SEPTEMBER 25, 2023

Curinos’ suite of comparative analytics solutions provides cross-balance sheet insight to capture performance levers and drive growth, according to its website. Founded in 2021, Curinos provides data, technologies and insights for financial institutions.

MLS 404

MLS Technology Lending Mortgages 404

Housing Wire

JANUARY 23, 2024

Consolidated Analytics serves clients in financial services, mortgage lending, servicing and capital markets, including banks, government-sponsored enterprises (GSEs) and originators.

Due diligence 441

Due diligence Residential Real-estate owned Lending 441

Housing Wire

FEBRUARY 21, 2024

Mortgage lenders that have adopted the FICO Score 10 T credit scoring model include Primis Mortgage , a subsidiary of Primis Bank ; Movement Mortgage ; and CrossCountry Mortgage. Other lenders may follow suit since regulators plan to replace the classic credit system with an updated one to incorporate trended data.

Lending 410

Lending Mortgages Loans Banks 410

Housing Wire

NOVEMBER 10, 2023

And that offers an incredible opportunity for banks and non-banks alike to improve their digital channels to better support home equity lending. Bank and non-bank lenders are now confronting the urgency to improve their digital experiences to better support home equity lending.

Equity 450

Equity Lending Banks Loans 450

Housing Wire

FEBRUARY 23, 2024

government’s motion to stop the gathering of evidence in a case against Ginnie Mae , Texas Capital Bank (TCB) responded to the government’s attempt to dismiss the entirety of the bank’s complaint. TCB was thus left with no alternative but to file this action,” the bank concluded.

Banks 419

Banks Bankruptcy Lending Finance 419

Housing Wire

OCTOBER 23, 2023

“There is a lot on the horizon for us as an organization, and adding Kara to our team of experts is imperative to accelerating Click n’ Close’s growth, especially for our SmartBuy down payment assistance product suite.” Prior to joining Click n’ Close, Lamphere was COO at InterLinc Mortgage.

Closing 408

Closing Lending Banks Mortgages 408

Housing Wire

APRIL 4, 2024

The federal judge overseeing a case brought by Texas Capital Bank (TCB) against Ginnie Mae has dismissed a portion of the bank’s complaint against the government-owned company but will allow the majority of the case to progress, according to court filings reviewed by RMD. Presiding Judge Matthew Kacsmaryk ruled in the U.S.

Banks 420

Banks Title Development Equity 420

Housing Wire

NOVEMBER 2, 2023

HousingWire: How did the non-QM sector fare this year among rate increases, slow purchase volumes and the difficulties in the banking sector? If you currently are not offering non-QM, we encourage you to explore and add the product suite in 2024. While we have had our challenges, non-QM has been more insulated than agency.

Banks 450

Banks Investor Lending Loans 450

Housing Wire

JULY 11, 2022

Kumar was a manager at Standard Chartered Bank from 2002 to 2004. ” LendArch was founded in 2021 by Tammy Richards, whose CV includes high-level stints Bank of America , Caliber Home Loans. . ” LendArch was founded in 2021 by Tammy Richards, whose CV includes high-level stints Bank of America , Caliber Home Loans.

Mortgages 370

Mortgages Technology Banks Lending 370

Housing Wire

SEPTEMBER 16, 2022

The plaintiffs argued that the San Francisco-based bank provided forbearances to customers who made inquiries about their mortgages or expressed hardship, but had not explicitly requested forbearance, Reuters reported this week. Scharf also argued depository banks are held to higher standards than nonbank mortgage lenders.

Mortgages 432

Mortgages Banks Lending Loans 432

Housing Wire

JULY 19, 2023

Prior to Chikonde’s departure, she contacted each of Go Mortgage’s warehouse lenders, investors, as well as government-sponsored enterprises, including Fannie Mae and Freddie Mac , to defame Go Mortgage and its officers, according to a suit filed in the U.S. District Court for the Southern District of Ohio on July 13.

Mortgages 370

Mortgages Marketing Lending Construction 370

Housing Wire

JUNE 30, 2022

Stake , a financial tech company that provides cash back and banking services to renters , raised $12 million in Series A funding to build out its platform and suite of solutions for renters and property owners. The company makes profit by charging a transaction fee for every cash back to rental owners and operators.

Banks 370

Banks Finance Technology Marketing 370

Housing Wire

JANUARY 11, 2024

Clients of FinLocker include loan officers, mortgage lenders, servicers, banks and credit unions. Through this strategic investment, clients of FinLocker will have the benefit of Radian’s integrated Homogeneous’ suite of technology around real estate search. Terms of the deal were not disclosed.

Loan Officer 441

Loan Officer Technology Loans Banks 441

Housing Wire

APRIL 25, 2023

The goal of Asset Analysis is to automate the labor-intensive process of reviewing assets and multiple bank statements during underwriting to determine the likelihood that the borrower will have sufficient funds to cover down payments, closing costs, and reserves for the mortgage transaction.

Lending 383

Lending Banks Loan Officer Loans 383

Housing Wire

JULY 6, 2023

“Jody’s experience building high-performance teams and scaling digital technology platforms make him ideally suited for this new role, which will further sharpen our focus on product development and long-term growth.” This content was generated using AI and was edited by HousingWire’s editors.

Technology 370

Technology Development Title Banks 370

Housing Wire

SEPTEMBER 15, 2022

Prior to working at Caliber, Smallwood was associate general counsel and senior vice president at Bank of America, general counsel at Saxon Mortgage , and managing director and associate counsel at GMAC ResCap. ” loanDepot has made several changes on its C-Suite since the first quarter. The company is also eliminating 4,800 jobs.

Loans 384

Loans Banks Mortgages Technology 384

Housing Wire

JULY 18, 2023

In his new role, Wetzel will focus on enhancing and innovating Maxwell’s existing suite of software solutions by incorporating human-driven capabilities like fulfillment and capital markets trading. In May, Maxwell struck a deal to acquire mortgage solutions provider LenderSelect Mortgage Group from Blue Ridge Bank.

Loans 370

Loans Lending Mortgages Technology 370

Housing Wire

APRIL 5, 2022

The Consumer Financial Protection Bureau chimed in on an appeal to the McCoy vs. Wells Fargo Bank case, arguing that a borrower should be able to get information about their loan from their loan servicer. In the class action lawsuit filed on Jan. 31, 2021, in the U.S.

Banks 410

Banks Loans Mortgages As-is 410

Housing Wire

JUNE 8, 2022

Xactus, with its mortgage verification suite, aims to close more loans quickly and enhance profitability. Xactus has more than 6,500 clients, including banks and non-bank mortgage originators, and 12 service centers across the country.

Short sale 370

Short sale MLS Banks Loans 370

Housing Wire

JUNE 15, 2021

Johnson, who most recently led the depository bank’s Southeast division, will report directly to Sprout’s president, Shea Pallante. Johnson, based in Miami, has also worked at PNC Bank during his career in mortgage banking. Sprout does most of its business through mortgage brokers.

Mortgages 384

Mortgages Lending Banks Residential 384

Housing Wire

AUGUST 28, 2023

Non-bank originator Change Lending lost its Community Development Fund Institution (CDFI) certification, according to a report from Barron’s. Change Lending was removed from the CDFI Fund’s list of certified program lenders last week, the outlet reported.

Lending 370

Lending Finance Loans Mortgages 370

Housing Wire

MARCH 9, 2023

LoanCare , which services loans for banks, credit unions, independent mortgage companies and portfolio investors, also renewed its contract for Black Knight’s mortgage service software MSP, which includes the system’s abilities to integrate with technologies and data, regulatory updates, and client-owned data protection. Black Knight, Inc.

Investor 370

Investor Loans Equity Mortgages 370

Housing Wire

SEPTEMBER 30, 2021

It’s more important than ever for your bank to invest in solutions to reach new consumers and meet their expectations of convenient, modern banking and lending. Allied offers a hybrid solution that improves the touchpoints beyond first class postal mail with email, text, and APIs for mobile banking platforms.

Lending 368

Lending Banks Mortgages Technology 368

Housing Wire

MAY 18, 2023

Incenter’s marketplace suits any buyers, including banks, non-banks, private equity and real estate investment trusts of any size. The exchange can also take 50 sellers as it exists today because it has to go through compliance processes, such as diligence and counterparty analysis.

Loans 370

Loans Banks Mortgages Equity 370

Housing Wire

JANUARY 12, 2021

Helping pricing from start to finish, Nomis Mortgage is a comprehensive, powerful analytics suite for banks and lenders. Nomis Mortgage. Product Fast Facts: #1.

Mortgages 356

Mortgages Banks Marketing 356

Housing Wire

MARCH 14, 2024

In a working paper published in late February by Borys Grochulski and Zhu Wang of the Federal Reserve Bank of Richmond , the Fed concluded that the current real estate agent compensation structure “may lead to elevated home prices, overused agent services, and prolonged home searches.”

Agents 431

Agents Banks Sales Technology 431

Housing Wire

JULY 30, 2021

While the exit of the large American banking institutions has reduced the visibility of the reverse mortgage product in a number of demonstrable ways, financial planners represent a key business segment that can help to make up some of the ground that was lost by the exit of those institutions from the business.

Industrial 410

Industrial Mortgages Loan Officer Banks 410

Housing Wire

JUNE 30, 2021

That’s where Finance of America Mortgage (FAM) TPO’s Two-X Flex suite of proprietary jumbo and non-QM products comes into the picture. FAM TPO’s Two-X Flex suite comes with additional products to give borrowers even more purchasing or refinancing power, which allows them to qualify for loans based on factors outside of standard requirements.

Finance 285

Finance Lending Loans Technology 285

Housing Wire

AUGUST 17, 2022

Several recent federal cases brought by the Department of Justice involve falsified bank statements, misrepresented ownership intentions, and false statements on loan applications.

Loans 384

Loans Branding Banks Investor 384

Housing Wire

SEPTEMBER 22, 2021

Additionally, FAM TPO offers a suite of proprietary non-QM and jumbo loans that give borrowers enhanced purchasing or refinancing power compared to standard-fare loans. Known as Two-X Flex, this product suite is a pillar of FAM TPO’s success in helping our broker partners better serve a more diverse group of borrowers.

Finance 370

Finance Loans Technology Lending 370