Housing Wire

APRIL 18, 2023

According to Sawan Tivakaran, SVP, titlegenius Product Owner, “Homebuyers continue to cite the closing process as one of the most stressful events in their lives. Radian has developed titlegenius to help improve the closing process for homebuyers, sellers and lenders alike.

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Housing Wire

SEPTEMBER 23, 2022

Last year, in a Housing Wire op-ed , Community Home Lenders of America took the lead nationally in opposing calls to extend the Community Reinvestment Act (CRA) to independent mortgage banks (IMBs). . Many community banks do a great job of mortgage lending to underserved homebuyers. So why would we extend it to IMBs?

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Banks Lending Loans Mortgages 326

Housing Wire

JUNE 8, 2021

Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. EnerBank says it works with 10,000 contractors and develops personalized loan programs for their clients. The space remains dominated by depository banks. billion in volume in 2020.

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Banks Renovation Marketing Lending 341

Housing Wire

SEPTEMBER 2, 2022

In addition, the ETF invests in MBS backed by loan pools sourced from non-traditional loan originators, including Community Development Financial Institutions and minority-owned banks. Among Impact Shares’ partners are the NAACP, the YWCA , the United Nations Capital Development Fund and more, according to Owens.

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Closing Marketing Investor Banks 418

Housing Wire

APRIL 6, 2021

Truliant Federal Credit Union is the first Southeast financial institution to officially complete a transfer of an eNote – or an electronic promissory note – to Federal Home Loan Bank of Atlanta (FHLBank Atlanta), as part of FHLBank Atlanta’s eNote pilot program, the lender said Tuesday.

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Banks Mortgages Loans Closing 244

Housing Wire

JULY 31, 2022

The Closing Exchange (TCX) partners with its clients to configure solutions to support their workflow at every stage of their digital evolution. TCX provides a perfect mix of technology and service, providing its clients with the choice of how to close a loan at every stage of its digital evolution. Alan Frelix, CEO.

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Closing Title Technology Staging 311

Housing Wire

MARCH 18, 2022

I closed 28 H4P transactions last year, over 1% of the national total. I subsequently have developed two more CE classes that only deal with HECM loans. Be sure to address the myths related to ‘not owning the home’ or ‘signing over the equity to the bank’ early on in the class.”.

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Loans Closing Mortgages Equity 460

Housing Wire

SEPTEMBER 15, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. A signer such as a customer closing on a loan appears before a notary on a video call and they complete, sign and notarize the document, he said.

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Closing Loans Banks Investor 461

Housing Wire

MAY 15, 2024

Its plan takes aim at liquidity, budget authority, pay scales and other potential flexibilities to more closely align with the value it brings to the government and the broader mortgage market. This undermines Ginnie Mae’s ability to run a market-driven program.” This recommendation is based on two other ideas.

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Banks Loans Development Mortgages 318

Housing Wire

MARCH 11, 2024

“Lorraine is a powerhouse in the Manhattan luxury scene, boasting almost two decades of expertise and Kathy is synonymous with excellence and her extensive knowledge of Manhattan luxury and new developments across the city makes her an unstoppable force,” Kevelyn Guzman, regional vice president of Coldwell Banker Warburg, said in a statement.

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Development Brokerage Banks Agents 373

Housing Wire

OCTOBER 3, 2023

The closing software firm is launching Qualia Shield , a funding and disbursement product for title and escrow companies. We developed Shield to combat wire fraud through a fully integrated approach, aiding title companies in offering a unified, elegant, and secure client experience.”

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Earnest money deposit Title Banks Closing 360

Housing Wire

MARCH 11, 2024

Configured to give independent mortgage banks, federally insured banks and credit unions the needed tools at an accessible price point, Floify Lender Edition aims to increase lender profitability through its automated processes and efficiency tools, the company said. .”

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Mortgages Loan Officer Loans Banks 377

Housing Wire

FEBRUARY 5, 2021

Multi-year HousingWire Tech100 winner Built Technologies , a construction finance software and construction payment technology company, closed an $88 million Series C funding round. The post Built Technologies closes $88 million Series C funding round appeared first on HousingWire. and Canada.

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Housing Wire

SEPTEMBER 11, 2023

The Mortgage Bankers Association (MBA) presented its annual Ken Markison Legacy Achievement award to Michael Eising, a vice president and mortgage compliance manager at Merchants Bank of Indiana. His overarching duty remains to steer the bank’s mortgage operations into full alignment with both federal and state legal mandates.

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Banks Mortgages Development Industrial 368

Propmodo

JANUARY 10, 2024

When seeking construction financing for major real estate projects, developers almost always turn to big banks. Large institutional capital has been one of the biggest lenders to commercial development projects over the past decades. Bank OZK has humble roots. In 2019, the bank inked one of its biggest deals.

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Banks Construction Finance Commercial 67

Housing Wire

APRIL 9, 2024

In the meantime, Rocket developed its patented platform, which the lender claims relies on more than 10 petabytes of proprietary data, 50 million annual call transcripts, deep learning, and generative AI systems. The lender says the technology allows the company to close loans 2.5 times faster than the industry average. “By

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Loans Technology Mortgages Finance 392

Housing Wire

MARCH 12, 2024

Lenders can choose to integrate and configure many third-party services such as verification of asset, verification of employment/ verification of income , e-signing and e-closing. The Denver-based fintech made its first mergers and acquisition (M&A) deal in May 2023 when it acquired mortgage solutions provider LenderSelect.

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Lending Technology Loans Equity 355

Housing Wire

JANUARY 27, 2022

Can allegations of redlining sink a bank merger? The merger will create a bank with $45.8 The new organization will be the sixth-largest bank headquartered in the Midwest, Old National said when it announced the transaction. alleging that the bank carried out redlining in its mortgage lending practices.

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Banks Loans Lending Development 364

Housing Wire

JULY 13, 2023

Newfi is leading the way in terms of innovation and service for these originations,” Dan Bayer, SVP of non-QM development and strategy, said in a statement. “Non-QM product offerings are critical to any mortgage bankers’ offerings in today’s market. As of the first quarter of this year, market share for the correspondent channel rose to 29.5%

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Lending Banks Loans Mortgages 353

Housing Wire

FEBRUARY 27, 2024

But before diving back in headfirst, it would be worthwhile for lenders to think through what the last two years of scarcity reveal about the normal working model of an independent mortgage bank (IMB). Last year, Floify commissioned an independent study of 150 high-performing loan originators (LOs) to gain recruiting and retention insights.

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Finance Technology Loans Industrial 393

Housing Wire

SEPTEMBER 10, 2022

Ben Slayton’s Legacy Home Loans , the largest Black-led mortgage banking firm in the country, has launched a special purpose credit program for prospective Black borrowers in six cities across the country. The SPCP loan program will be piloted in Atlanta, Baltimore, Chicago, Detroit, Memphis and Philadelphia.

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Loans Closing costs Development Finance 414

Housing Wire

OCTOBER 24, 2023

He worked for several mortgage companies, including Bridgeview Bank Group , Mutual of Omaha Mortgage, Inc. and Paramount Bank. ” A spokesperson for loanDepot wrote to HousingWire that the company has a tradition of attracting and developing ‘top-notch talent.’ Gade, 50, was in the Army for 8.5

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VA loan Loans Loan Officer Brokerage 414

Housing Wire

JUNE 16, 2023

SimpleNexus , a homeownership platform developer for loan officers, borrowers, real estate agents, and settlement agents, announced this week a new integration with Empower, the loan origination system (LOS) from Black Knight. ” SimpleNexus , an nCino company, is a developer of mobile-first technology for mortgage lenders.

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Loan Officer Technology Loans Banks 335

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. “We’re excited to have him on board and look for positive developments with Jim at the helm of Flagstar’s distributed retail operation.”

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Lending Mortgages Banks Branding 309

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Morgan have done a great job of developing those channels for securitizations. Lenders like J.P.

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Equity Lending Banks Loans 432

Housing Wire

MAY 15, 2024

As a title agency, we sit on the front lines and we need tools like Defend to ensure that we can protect our customers’ most precious assets with the documents we collect, get signed, and notarize at the closing.“

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Title Industrial Technology Banks 299

Housing Wire

NOVEMBER 16, 2021

nCino, a publicly traded financial tech company that specializes in cloud banking, said that its decision to purchase Utah-based SimpleNexus is a natural expansion of the company into the point-of-sale mortgage market. banks and credit unions, where nCino currently has over 1,100 customers.”. appeared first on HousingWire.

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Banks Technology Equity Development 371

Housing Wire

OCTOBER 21, 2021

The nation’s network of Federal Home Loan Banks (FHLBanks ) expects to be required to increase its share of investments in affordable housing. The total volume should not be lower than $100 million for each bank. In the first week of October, the bank also launched a $1.5 In May, Sen. Catherine Cortez Masto (D-NV) and Rep.

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Banks Loans Equity Finance 340

Housing Wire

JUNE 29, 2023

This integration aims to deliver an enhanced customer experience for mortgage borrowers while streamlining the closing process. “This collaboration not only saves time and effort but also amplifies secondary market potential, eliminates laborious manual tasks, slashes cost per loan, and streamlines the closing process.”

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Lending Banks Loans Technology 320

Marco Santarelli

MARCH 14, 2023

The Impact of Bank Failures on the Housing Market The year 2023 has been marked by a series of bank failures, leaving many to wonder what the impact of these failures will be on the housing market and the wider economy. Bank failures have been a common occurrence throughout history, often causing ripples throughout the economy.

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Banks Lending Finance Commercial 98

Housing Wire

APRIL 13, 2022

After all, it still takes 43 days, on average, to close a loan. Bank Home Mortgage. Bank Home Mortgage is the 10th-largest lender in the U.S. According to Wind, despite recent developments in mortgage technology, there is still quite a bit of work to be done. Last year, it originated $102 billion, up 14.7%

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Mortgages Banks Technology Finance 377

Housing Wire

OCTOBER 5, 2023

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. That offering, Unlock HEA Trust 2023-1, is slated to close this week. 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 388

Housing Wire

MARCH 16, 2022

California-based ICE Mortgage Technology announced this week two enterprise agreements to integrate its eClose solution to Maxwell and Roostify platforms, enabling a more streamlined closing process for lenders and borrowers. Are digital closings really worth it? Presented by: Notarize.

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Due diligence Loans Lending Technology 331

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 424

Housing Wire

SEPTEMBER 27, 2023

Maxwell acquired LenderSelect Mortgage Group from Blue Ridge Bank in May to expand its secondary market trading platform, bringing hundreds of new clients to the company’s other solutions. Maxwell claims the average loan officer on Maxwell’s platform consistently closes 20% more loans each month than the national average.

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Lending Loan Officer Loans Technology 383

Housing Wire

APRIL 9, 2024

Homeownership is used far too often as the federal piggy bank. But our members are smaller independent mortgage banks (IMBs), so we have concerns that, if not properly handled, dual compensation simply results in mega Realtor/lender firms that crush smaller IMBs. Such opportunities may arise. All these homebuyer charges add up.

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FHA loan Loans Title Mortgages 433

Housing Wire

SEPTEMBER 10, 2021

According to the OCC, the fine is also a result of the bank violating the terms of a 2018 compliance consent order , which alleged that Wells Fargo did not implement or maintain a compliance risk management program proportionate with the bank’s size, complexity and risk profile, resulting in “reckless practices.”

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Lending Banks Loans Mortgages 450