Housing Wire

MAY 7, 2024

Non-QM loans are a vital part of the loan mix for Carrington’s customers,” Winokur said in a statement. “We Carrington Mortgage Services provides non-QM loans, conventional loans and government-backed mortgages through the Federal Housing Administration ( FHA ), U.S. Department of Veterans Affairs ( VA ) and U.S.

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Marketing Lending Loans Mortgages 306

Housing Wire

MARCH 20, 2024

The launch of Figure Technology Solutions comes a few months after Bloomberg reported that Figure Technologies was working with multiple investment banks — including Goldman Sachs Group Inc. , CMG Financial , CrossCountry Mortgage , Fairway Independent Mortgage and The Loan Store are Figure’s private-label partners.

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Lending Equity Technology Banks 338

Housing Wire

APRIL 30, 2024

In November 2023, Lower announced the acquisition of Colorado-based Universal Lending Home Loans , which became a separate division. Founded in Denver in 1981, Universal added 60 loan officers to Lower. As is usually the case with Lower’s deals, Thrive maintained its brand.

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Loan Officer Banks Lending Loans 360

Housing Wire

APRIL 27, 2022

parent company of Flagstar Bank , has reduced its mortgage staff by 20% since the calendar turned to 2022, laying off 420 employees amid a significant drop in origination volumes and margins. Overall, the bank’s net income in the first quarter of 2022 dropped 60.4% Flagstar’s mortgage division will also preserve the brand.

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Purchase and sale agreement Mortgages Banks Branding 385

Housing Wire

AUGUST 5, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Founded in 1985, Quicken Loans has seen record numbers of refinance and purchase applications in recent months in the midst of the COVID-19 pandemic.

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Loans Branding Investor Banks 339

Housing Wire

JANUARY 21, 2022

The Office of the Comptroller of the Currency (OCC) issued a consent order against Michigan-based Flagstar Bank that levies a $3.62 The consent order states that between a three-year period – from February 2017 through February 2020 – the bank’s risk assessment, internal controls, and training led to various violations.

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Banks Branding Loans Residential 302

Housing Wire

APRIL 25, 2022

Jim Linnane, the former head of retail at Stearns Lending , has joined Flagstar Bank as the president of the company’s distributed retail mortgage division. billion in mortgage loans, down from $12.5 billion in mortgage loans, down from $12.5 Its net margin on locked loans fell to 1.02% from 1.50% in the third quarter.

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Lending Mortgages Banks Branding 288

Housing Wire

DECEMBER 6, 2022

“Our new Path TPO channel offers a great way to increase volume and revenue without increasing customer acquisition costs since third parties already have clients and referral sources,” said Michele Parson, brand marketing manager at Path. In August 2022, it enhanced its point-of-sale platform Zip, with new features for loan originators.

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Banks Loans Branding Development 317

Housing Wire

JANUARY 22, 2024

Sagent , a fintech software company providing a servicing management platform for banks and lenders, appointed Chris Marshall as executive chairman. and was co-founder and CFO at Capital Bank Financial Corp. His term as executive chairman began on January 19. His career includes positions at GMAC, Inc. , now Ally Financial, Inc.

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Technology Banks Equity Mortgages 307

Housing Wire

AUGUST 12, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Among its dozens of limited partners are major banks, which are the kinds of customers Blend is servicing, Mayopoulus pointed out. trillion U.S.

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Loans Banks Loan Officer Branding 484

Housing Wire

DECEMBER 14, 2023

Texas-based lender Thrive Mortgage plans to merge with digital multichannel rival Lower , which will create a unified lender with more than 650 loan officers and 120 active branches across the country. The merger would change the leadership structure but maintain each brand. Over the last 12 months, Thrive has originated about $1.42

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Mortgages Loan Officer Banks Finance 386

Housing Wire

FEBRUARY 14, 2024

BBYS products enable homeowners to tap their current home equity to purchase the new home, meaning they can make larger down payments and reduce the cost of their loans. Lenders want to consider who owns the client relationship and which brand is front and center in the transaction.

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Backup offer Loan Officer Home sale contingency Branding 348

Housing Wire

MAY 8, 2023

Flagstar Bank , a top-25 U.S. In December 2022 , the bank concluded the merger with New York Community Bancorp after waiting for regulatory approvals for over a year. ” Meanwhile, Signature brought in high-net-worth customers and took the loan-to-deposit ratio to less than 90%, strengthening the bank’s balance sheet. .”

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Banks Lending Loans Mortgages 282

Housing Wire

DECEMBER 14, 2022

CARE is Sagent’s consumer platform that links a modern, bank-on-your-phone experience for borrowers with seamless human care from servicers. They can also quickly apply for and resolve forbearances and loan mods during hardships. Through our CARE Admin tool, the entire CARE website branding can be updated in less than a minute. #3.

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Equity Branding Banks Design 336

Housing Wire

MARCH 25, 2024

It may be counterintuitive, but loan officer Scott Betley, a 32-year-old TikTok sensation , says he isn’t worried about a potential U.S. Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. Her expectation was echoed by other loan officers.

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Loan Officer Loans Lending Mortgages 339

Housing Wire

AUGUST 15, 2022

Non-QM is increasingly important as its share of overall volume continues to rise as more borrowers need it to qualify for a loan. Originators utilizing non-QM with Angel Oak have added loans to their books they would not have had otherwise. Establishing a personal brand. The importance of consistent networking.

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Banks Loans Branding Mortgages 321

Housing Wire

APRIL 13, 2023

The wholesale channel has the ability to offer borrowers a variety of choices, with access to many different bank and lending programs. Additionally, CDFIs are exempt from certain ability-to-repay requirements where other non-QM lenders are not, allowing Change to make loans available to a broader set of qualified borrowers.

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Lending Marketing Banks Investor 338

Housing Wire

JULY 12, 2023

Mike Cagney’s Figure Technologies announced a collaboration with CMG Financial , CrossCountry Mortgage , Fairway Independent Mortgage and The Loan Store as private-label partners. Each of Figure’s new partners will leverage Figure’s HELOC technology to create a branded product for their customers, the firm said in a statement.

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Equity Lending Technology Loans 286

Housing Wire

JULY 25, 2023

Faes’ career in mortgage lending goes back to 2008 when he co-founded non-bank mortgage lender LendInvest , which was listed on the London Stock Exchange in 2021. F2 Finance funds its own loans and has “quite a bit of capital lined up to lend into this space” with the investors who had previously backed its UK and Irish businesses.

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Finance Marketing Lending Loans 316

Housing Wire

OCTOBER 26, 2022

According to a statement from Revvin, the new brand is reflective of the company’s focus on its lending platform and is a better fit for its mission to democratize technology, which allows all financial institutions to act as cutting-edge fintech, no code required. trillion in purchase loans in 2020. trillion in refinances and $1.5

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Lending Technology Branding Loans 306

Housing Wire

APRIL 28, 2021

The parent company of Veritex Community Bank will acquire a 49% stake in Texas-based mortgage lender Thrive Mortgage , the firms announced late Tuesday afternoon. How lenders will benefit from Proctor Financial’s acquisition of Loan Protector. Presented by: Proctor Loan Protector. billion in assets at the end of 2020.

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Mortgages Lending Banks Loans 342

Housing Wire

OCTOBER 5, 2023

These [rated offerings] can start to bring in investors like insurance companies, money managers with mutual funds that have ratings constraints, investment banks … [and more], which will provide better financing on rated bonds.” Unlike banks and credit unions, nonbanks can’t hold these [home equity] loans on their balance sheets. …

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Equity Purchase and sale agreement Marketing Lending 369

Housing Wire

DECEMBER 22, 2023

It means that loan originators need to realize the importance of having a digital brand. This trend of living in a multi-generational household means older Gen Z (ages 20-26) most likely have a lump sum of money saved up just sitting in a bank account. So, what does this mean for the world of real estate finance?

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Branding Technology Finance Industrial 412

Housing Wire

DECEMBER 21, 2022

Founded in 1970, UHM is a full-service retail, wholesale and consumer-direct independent mortgage banking company. billion in mortgage loans over the last 12 months, according to the mortgage tech platform Modex. It has 557 active loan officers, 168 branches and licenses in 49 states. . The lender originated $4.68

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Loan Officer Loans Development Mortgages 372

Housing Wire

JANUARY 11, 2021

. “We’ve created a company that is built to serve customers throughout the entire loan transaction, from the onset of the purchase or refinance decision through loan closing and servicing,” Hsieh said in the prospectus. billion of loans in the twelve months ended Sept. All of this gives us enormous runway.

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Branding Banks Loans Finance 426

Housing Wire

AUGUST 17, 2022

While celebrating Inco-Check’s legacy of high-quality audit services, this new branding reemphasizes our shared goals and collaboration with our client partners to enhance their business,” said Donna Gibson, chief operating officer and president of QC Ally. “We Mortgage loan fraud typically rises in a purchase market.

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Loans Branding Banks Investor 340

Housing Wire

FEBRUARY 9, 2023

The lenders, both privately held, will retain their names and brands after the transaction, but APMC will be the new legal entity as the companies come together. The company said it has a full-service retail origination platform that originates agency, government and investor portfolio loans.

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Mortgages Loan Officer Lending Loans 328

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. But Woodward struggled to originate purchase loans. “I Without that being built, I was starting from scratch.

Mortgages 519

Mortgages Marketing Lending Loans 519

Housing Wire

SEPTEMBER 1, 2023

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

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Technology Development Title Lending 407

Housing Wire

FEBRUARY 16, 2021

Bank of America recently reported that their digital mortgage transactions have nearly doubled over the past year, citing 68% of all consumer mortgage sales were made digitally in 2020, compared with just 36% in 2019. . 3 Self-driving banks. Technology startups are making banking more accessible. 4 Don’t show me the money.

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Mortgages Banks Loan Officer Technology 530

Housing Wire

JANUARY 17, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage saw mortgage origination volume plummet by 40% last year — at a time when mortgage rates had more than doubled, home prices remained elevated and the market suffered from a shortage of inventory. . About 70% of Prosperity’s production comes from affiliate realtors.

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Mortgages VA loan Loans Banks 342

Housing Wire

NOVEMBER 10, 2022

Freedom Mortgage , Prosperity Home Mortgages and the mortgage division of Citizens Bank issued pink slips in October and the two first weeks of November. It affected at least 50% of the staff, positions in operations and loan officers, according to multiple former employees. A massive job cut.

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Mortgages Loan Officer Banks Lending 355

Housing Wire

NOVEMBER 1, 2022

. “We know not every client is ready to get a mortgage with us at this moment, but, by banking rewards that can build over time, we are delivering a value-add no other lender in our space can match,” Jay Farner, vice chairman and CEO of Rocket Companies, said in a statement. At Rocket, mortgage originations declined to $34.5

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Housing Wire

SEPTEMBER 22, 2020

The Detroit-based firm, which began 35 years ago as a mortgage broker shop in southeast Michigan, is rebranding Quicken Loan Mortgage Services to Rocket Pro TPO. Beyond the bucket of leads, Rocket is banking on its widely known brand name, free use of marketing tools, and bevy of technologies to hook brokers. “We

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Loans Technology Branding Mortgages 430

Housing Wire

APRIL 7, 2023

Musk went on to comment that the rise in defaults among commercial and residential loans could “hammer” banks. This remark comes on the heels of the collapse of Silicon Valley Bank on March 10, the second-biggest bank failure in U.S. The original post made note of the fact that in the next five years, more than $2.5

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Commercial Banks Fixed-rate mortgage Residential 329

Realty Biz

FEBRUARY 9, 2021

Moreover, credit unions’ loan portfolios have grown by 6.6% over the last year, seeing an overall 5% increase in total loans over that period. Credit unions are nonprofit entities that seek to return their earnings to members via lower loan rates than commercial banks. million, and total membership now totals 125.11

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Lending Banks Loans Commercial 109

Housing Wire

OCTOBER 9, 2023

The free app, which officially launches Tuesday, allows users to price out mortgages, personal loans and other finance products that Guaranteed Rate offers, but there’s a twist: users can also access financial, physical and mental health resources to help them “live their best lives.” As of Oct. As of Oct.

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Mortgages Loan Officer Loans Technology 413