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. Unlike off-the-shelf POS solutions, Blueprint Builder allows lenders to customize technology that is designed to help improve operations, Maxwell noted.

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Lending Technology Loans Equity 405

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. In July, DocuSign acquired Austin-based startup Liveoak Technologies for $38 million in an all-stock transaction.

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Closing Loans Banks Investor 489

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 420

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. “We

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Loan Officer Technology Loans Banks 365

Housing Wire

APRIL 13, 2022

Despite advances in technology, the mortgage industry still lacks efficiency. Mortgage executives are aware of a problem: despite billions of dollars in technology investments , the mortgage industry still largely looks like it did two decades ago. After all, it still takes 43 days, on average, to close a loan.

Mortgages 407

Mortgages Banks Technology Finance 407

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 449

Housing Wire

SEPTEMBER 27, 2023

Maxwell , a Wells Fargo -backed mortgage fintech, announced Wednesday that it has struck a deal to acquire the digital lending platform Revvin ( formerly known as MortgageHippo ) to enhance its point-of-sale technology. The financial terms of the transaction have not been disclosed.

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Lending Loan Officer Loans Technology 431

Housing Wire

MAY 24, 2021

Stavvy, a Boston-based fintech, announced Monday that it landed a $40 million Series A funding round led by Morningside Technology Ventures. COVID19 certainly accelerated development and focus on servicing, coming out of 2019 with record low default and foreclosure.”. Presented by: Sagent Lending Technologies.

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Land Lending Technology Banks 412

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. Roostify, a mortgage technology provider, will integrate the solution to its digital home lending platform.

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Due diligence Loans Lending Technology 374

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 359

Mortgages Technology Banks Lending 359

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 424

Housing Wire

JUNE 8, 2023

And while all fraud is worrisome, Carol Bullion-Mincy, the business development specialist at Liberty Title Agency , said that mortgage payoff fraud is the scariest. When a request for money to be disbursed gets to your bank, the bank does an OFAC fraud check, a balance limit check and account validation,” Booth told NS3 attendees. “If

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Title Industrial Banks Technology 342

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 360

Housing Wire

FEBRUARY 16, 2023

LauraMac, a provider of mortgage loan review SaaS technology, has appointed Rick Seehausen as its chief strategy officer. In his new role, Seehausen will work with the leadership team at LauraMac, overseeing strategic planning and developing new and existing products. “I

Loans 355

Loans Principal Technology Development 355

Housing Wire

MAY 2, 2021

Real estate technology has changed rapidly over the last few years, and property valuation is no exception. Efficient data collection with aggregation and next-generation market analytics can drastically impact the closing process. Today, borrowers and lenders alike expect an easy and expedited home loan experience.

Technology 208

Technology Inspection Loans Residential 208

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 419

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. .”

Mortgages 416

Mortgages Loan Officer Loans Banks 416

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%. HELOCs have easily been the product with the largest increase in [loan]-trading volumes.”

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Equity Lending Banks Loans 464

Housing Wire

FEBRUARY 2, 2022

Real Genius, a division of FirstBank , one of Tennessee’s largest community banks , said that its application platform will provide borrowers with rate and cost transparency. ConsumerDirect Mortgage rebranded itself to Real Genius and announced the launch of a modern mortgage application platform to simplify a borrower’s experience.

Mortgages 350

Mortgages Lending Technology Banks 350

Housing Wire

SEPTEMBER 18, 2023

In today’s evolving technological landscape, wire fraud is a pervasive risk, particularly in real estate transactions. In real estate, fraudsters may impersonate agents via fake emails, giving false bank information and causing victims to send money to the criminal’s account unintentionally. billion in 2022.

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Title Banks Technology Industrial 416

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 367

Housing Wire

JULY 18, 2023

Denver, Colorado-based Maxwell , a mortgage fintech solutions platform, has announced that product development veteran Paul Wetzel has joined the company as senior vice president of product. The company has facilitated over $260 billion in loan volume to date and helps lenders close more loans per month while outperforming the market.

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Loans Lending Mortgages Technology 359

Housing Wire

MARCH 28, 2024

Starting strong is less important for a deal that takes a long time to close. This was a crisis for many large Independent mortgage banks that had created fine-tuned systems for refinancing loans and had virtually no trained sales force to prospect for new purchase money business. Two things I will say about technology.

Mortgages 459

Mortgages Technology Loan Officer Loans 459

Housing Wire

APRIL 18, 2024

The overarching goal of prefunding QC is to ward off problems before they become issues on closed loans. The flip side is if I instead have a platform that leverages technology (such as AI and optical character recognition software, or OCR) to essentially level the playing field.

Loans 415

Loans Due diligence Investor Technology 415

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. PFSI’s stock closed Thursday at $89.02, up 2.06% from the previous day.

Technology 400

Technology Loans Principal Mortgages 400

Housing Wire

JULY 31, 2022

As of January 2022, 92% of all eNotes registered with MERS were created and registered with Wolters Kluwer technology. This market-leading solution will make hybrid closings and eVaulting easier for real estate assets, including home equity loans. Simon Moir – Vice President, Banking Compliance Solutions.

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Lending Equity Technology Banks 360

Housing Wire

JANUARY 11, 2023

As Managing Director at JP Morgan Joseph Ottomanelli is a capital markets enabler who not only works hand-in-hand with JP Morgan’s non-bank clients but also helps the firm deliver solutions ranging from for clients across trading, structuring, syndicate and financing across the full spectrum of RMBS and ABS assets.

Finance 394

Finance Banks Brokerage Closing 394

Housing Wire

APRIL 11, 2023

They ensure that all conditions of the sale have been met and manage the disbursement of funds at closing. The buyer must wait for bank approval, secure financing, complete inspections and perform last-minute walk-throughs to ensure all necessary documents and requirements are being processed. How has technology impacted the industry?

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Title search Title Purchase and sale agreement Preliminary report 382

Housing Wire

JULY 26, 2021

In its analysis of Q2 2021 figures surrounding mortgage and real estate closings, FundingShield found an overall increase in the risk of wire and title fraud, with two in five (40%+) transactions categorized as high risk. increase in state licensing issues and invalid or non-identifiable licenses of closing agents. Additionally, 15.4%

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Title Banks Closing Technology 473

Housing Wire

DECEMBER 10, 2020

The new technology platform, a graphical interface that reduces the need for hand-coding , enables HomePoint “rapid scalability and flexibility” to adapt to changing consumer needs while maintaining a low-cost structure, the company said. The tech solution giving community lenders an advantage. Presented by: Maxwell.

Technology 374

Technology Lending Loans Mortgages 374

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. Stay tuned for updates.

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Loans Banks Loan Officer Branding 496

Housing Wire

OCTOBER 9, 2023

After years of working crazy hours and focusing on growing his business, Ciardelli saw the impact his hard-driving lifestyle was having on his health and close relationships. When a user transacts, the loan officer retains the lead and is paid when the loan closes, Ciardelli said. He knew he needed to make changes. “I As of Oct.

Mortgages 421

Mortgages Loan Officer Loans Technology 421

Housing Wire

SEPTEMBER 21, 2021

Naimon has more than 25 years of experience assisting bank and nonbank financial services providers with regulatory, enforcement and transactional matters. Attendees will also hear from Rachel Robinson , director, collateral policy and product development at Rocket Mortgage , and CoreLogic’s Chief Appraiser, Shawn Telford. .

Banks 368

Banks Lending Technology Mortgages 368

Housing Wire

APRIL 22, 2022

” Blend is reducing general and administrative expenses in human resources, finance, and legal, but decided not to cut costs related to engineering and product development. Blend, whose white-label technology powers mortgage applications on the websites of major lenders such as Wells Fargo and U.S. on April 20.

Mortgages 396

Mortgages Marketing Title Banks 396

Housing Wire

DECEMBER 20, 2021

The Doma Intelligence platform works by automating many of the rote tasks of the closing process including retrieving and analyzing documents that need to be searched. Doma Intelligence is used by Chase , Wells Fargo , Homepoint and PennyMac to automate portions of their closings. Presented by: Doma.

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Title Closing Inspection Residential 396

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. Interfirst purchased refinance leads and sent them to Woodward to close. The work was not complex, he said.

Mortgages 522

Mortgages Marketing Lending Loans 522

Housing Wire

MARCH 29, 2024

Anna Frankowska was recognized in 2017 as one of Forbes’ “ 30 Under 30 ” in Europe, having studied economics in London before moving to work in investment banking. But she quickly realized it is facing real challenges, and she began asking why it has not grown and developed to a place it could be. “I

Mortgages 447

Mortgages Finance Loan Officer Equity 447