Housing Wire

NOVEMBER 8, 2022

Publicly traded lending software firm MeridianLink has acquired OpenClose , a fintech company that specializes in residential mortgage software solutions for banks, credit unions and mortgage lenders. In April, MeridianLink paid roughly $28 million to acquire StreetShares , which provides lending technology to banks and credit unions.

Mortgages 421

Mortgages Lending Technology Banks 421

Housing Wire

NOVEMBER 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported an adjusted operating income of $131 million in the third quarter of 2023, up from Q3 2022’s $126 million — despite the headwinds the mortgage industry is facing. The mortgage technology division at ICE posted $330 million in total revenue in the third quarter, up about 19.6%

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Industrial Mortgages Technology Loan Officer 315

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 410

Mortgages Banks Technology Finance 410

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 466

Housing Wire

AUGUST 31, 2022

Xactus, which says it has more than 6,500 clients including bank and nonbank mortgage originators, uses its proprietary technology platform to close loans quickly. In June, the verifications solutions provider rolled out a monitoring program that scans residential addresses for changes in listing status.

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Lending Technology Loans Residential 370

Housing Wire

JULY 28, 2022

With the acquisition, Xactus will offer flood zone determinations to its clients by using its proprietary flood data and technology products, the firm said Wednesday. MassiveCert will be rebranded as Xactus Flood Solutions. The terms of the deal were not disclosed. Presented by: ServiceLink.

Banks 370

Banks Lending Technology Loans 370

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.

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Loans Due diligence Investor Technology 421

Housing Wire

MARCH 9, 2022

The firm, founded in 2008, also provides document management services for closing, purchase, sale and securitization of residential and business-purpose mortgage loans. Edgemac’s clients span banks, investment banks, Trustees, investors, government entities and mortgage companies. Learn here!

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Due diligence Loans Banks Mortgages 367

Housing Wire

DECEMBER 20, 2021

residential real estate market based on gross written premiums. 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. This brings the platform’s coverage to approximately 83% of the U.S. Presented by: Doma.

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Title Closing Inspection Residential 397

Housing Wire

AUGUST 16, 2022

Trius Lending, a local direct and hard-money lender specializing in residential investment, attributed its rapid success to customizing to investors’ needs. According to the firm, the core business at Trius Lending is residential rentals or properties for fix-and-flip. Everything can be done except for closing.

Mortgages 370

Mortgages Lending Investor Loans 370

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. The investment is expected to close in the middle of 2021. Veritex is one of Texas’ largest banks, with $8.8 billion in assets at the end of 2020.

Mortgages 370

Mortgages Lending Banks Loans 370

Housing Wire

APRIL 16, 2021

The dropping of the S-1 closely follows the mortgage tech firm’s big venture capital raise in January, in which it raised $300 million in a Series G round from Tiger Global Management and others. Blend’s white label technology is what powers mortgage applications on the site of banks such as Wells Fargo and U.S.

Banks 370

Banks Lending Technology Mortgages 370

Housing Wire

DECEMBER 29, 2020

With 2020 finally coming to a close, several companies wrapped up this unprecedented year for housing with some brand-new mortgage tech for 2021. Fifth Third Bank announced its own strategic partnership this month with digital mortgage platformer Blend under the intent to create the highly sought-after end-to-end mortgage experience.

Mortgages 396

Mortgages Investor Technology Banks 396

Housing Wire

SEPTEMBER 22, 2022

New York-based Unlock Technologies , a fintech operating in the shared-equity market, and real estate investment firm Saluda Grade , have closed a $180 million private-label securitization (PLS) backed entirely by Unlock-originated residential home-equity agreements (HEAs).

Equity 384

Equity Marketing Fixed-rate mortgage Finance 384

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. Hurst: Over the first few years of our venture investment activities, we predominantly invested in new models for engaging customers and stakeholders in the residential purchase market. As of Sept.

Title 370

Title Mortgages Commercial Technology 370

Housing Wire

JULY 28, 2022

In light of this, HousingWire recently caught up with Teraverde Chief Technology & Innovation Officer Rob Peterson to learn more about the key to lender profitability in today’s lending environment. Rob Peterson: Most segments of the economy have effectively adopted technology to reduce their costs. Louis computes a 34.7%

Technology 397

Technology Lending Loans Residential 397

Housing Wire

APRIL 28, 2022

Second, we are the only title company that has a bank which will enable us to capitalize on higher interest rates to a greater extent than our competitors.”. The Guide to Accelerating Closings in 2022. DeGiorgio also stated that First American believes strong housing demand will continue despite the rising prices and mortgage rates.

Title 384

Title Commercial Closing Loans 384

Realty Biz

MARCH 15, 2021

While blockchain has already been used in sectors like finance and logistics for many years, the technology is now being leveraged within the real estate sector. Using cryptocurrencies to purchase real estate without using banks has already been happening over the last decade. Image Credit: Unsplash. Intermediaries.

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Technology Due diligence Title Marketing 145

Housing Wire

MARCH 29, 2023

Securitization of HELOCs had been a small part of the RMBS [residential mortgage-backed securities] market in the pre-financial crisis period, but issuance was still relatively commonplace until 2007,” states a fall 2022 DBSR Morningstar report focused on the securitization market for HELOCs. to 2 points.”

Equity 384

Equity Lending Loans Banks 384

Housing Wire

MARCH 23, 2021

Residential brokerage Compass took another step toward becoming a publicly traded company Tuesday, declaring it intends to sell common stock at a share price of between $23 and $26. million shares to the investment banks underwriting the initial public offering. at close of business Monday. stock price offering.

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Marketing Brokerage Residential Banks 416

Housing Wire

APRIL 3, 2024

The battle began heating up in September 2023 when CoStar’s residential real estate platform Homes.com surpassed 100 million unique monthly visitors, becoming the second most popular listing portal behind Zillow. Like all of the publicly traded brokerages, Zillow Group saw its stock prices slide, dropping 13.4%

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MLS Residential Agents Industrial 458

Housing Wire

NOVEMBER 16, 2021

PIMCO, founded in 1971, has a long history of aggregating residential mortgage loans as well as managing assets for corporations, sovereign wealth funds, pension funds and other investors. Today, borrowers expect to close fast. Learn about the tools lenders should leverage to streamline home equity title and closing.

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Equity Investor Marketing Title 409

Housing Wire

AUGUST 28, 2023

CEO Vishal Garg said in an interview with HousingWire that the company targets mortgage marketplace and white-label technology models. Filings show Better completed the acquisition of Birmingham Bank – a regulated U.K bank – in April 2023. residential mortgages, the company said. million from April to June. “As

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Purchase and sale agreement Loans Banks Finance 370

Housing Wire

JULY 12, 2021

Trussle’s investors include American bank Goldman Sachs and Amsterdam-based venture capital fund Finch Capital. trillion residential mortgage market. According to Better, Trussle works with over 90 lenders to close mortgages for U.K. It will utilize Better’s technology to source and execute deals. ’s $1.5

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Brokerage Mortgages Loan Officer Banks 421

Housing Wire

MARCH 27, 2024

Date: April 21-24, 2024 Location: Scottsdale, AZ Ticket Price: Tickets cost $2,150 for professionals or $3,150 for technology and solution partners, as well as those who do not represent a licensed mortgage or real estate firm. This event is a guaranteed hit and there’s also a closing night gala! Link to register 2. Link to register 3.

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Agents Industrial Technology Branding 429

Housing Wire

JUNE 19, 2023

New technology is changing the title industry at lightning speed. What are the benefits of switching? With a simple transition to new software, you can have all the tools you need to operate in this modern environment at peak efficiency.

Title 370

Title Technology Commercial Industrial 370

Housing Wire

MARCH 25, 2021

billion worth of residential loans in January and February, compared to the $37.4 “In recent weeks, the mortgage industry has experienced an increased interest rate environment, which has led to lower refinance mortgage demand and lower gain-on-sale margins that more closely approximate historical gain-on-sale margins.

Mortgages 491

Mortgages Sales Industrial Residential 491

Housing Wire

APRIL 3, 2023

The funding has allowed the firm to grow exponentially, de-throning residential real estate’s two biggest brokerages— Anywhere Real Estate and Berkshire Hathaway Homeservices —in just over a decade. Layer in the instability in the banking ecosystem right now, and it’s even more challenging. billion and it had $1.5 Although it had $6.6

Banks 396

Banks Brokerage Closing As-is 396

Realty Biz

DECEMBER 1, 2020

Commercial real estate analytics giant CoStar Group is getting into the residential sector after acquiring a company called Homesnap Inc. Homesnap sells technology that enables real estate brokers to manage listings within their applications and on their websites. for $250 million. platforms from around 100,000 now, to 400,000.

Residential 60

Residential Commercial Technology Branding 60

Housing Wire

FEBRUARY 8, 2021

The momentum for non-bank lending is here to stay. According to figures from Inside Mortgage Finance , California-based loanDepot originated about $100 billion worth of residential mortgages in 2020. In terms of channel mix, loanDepot most closely resembles Rocket. We are the Lyft to their Uber,” Hsieh said.

Lending 458

Lending Branding Mortgages Loans 458

Housing Wire

JUNE 6, 2022

Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022. Wells Fargo will be providing severance and career counseling, and helping affected employees identify other positions within the bank.

Mortgages 421

Mortgages Loan Officer Lending Loans 421

Housing Wire

APRIL 26, 2022

LoanSnap is a mortgage company that employs artificial intelligence (AI) technology to originate loans more efficiently and faster. As far as a borrower is concerned, they just have a home loan, and they make a payment just like they normally would from their bank account, or they also can make it from their crypto [currency] wallet.”.

Due diligence 450

Due diligence Mortgages Equity Loans 450

Housing Wire

NOVEMBER 29, 2021

The supply-chain bottleneck afflicting the global economy has its own counterpart in the world of residential mortgage-backed securities, also referred to as RMBS. There’s absolutely been cases where you’re hoping to close by a certain date, and it gets pushed out 30 days because of due diligence [needs]. …It

Due diligence 466

Due diligence Loan Officer Loans Mortgages 466

Housing Wire

MARCH 10, 2023

A host of nonbanks and traditional depository lenders, such as banks and credit unions, as well as a growing number of fintech firms continue to ramp up efforts and product lines to meet that demand. As of March 8, according to Commerce Bank , the prime rate was 7.75%. Toohig said Raymond James finished the year with some $1.1

Equity 370

Equity Marketing Debt-to-income ratio Lending 370

Real Trends

MARCH 14, 2022

From the everyday person selling a condo as an NFT (non-fungible token) to Warren Buffet investing $1 billion in a crypto-friendly bank , it’s clear that blockchain technology, tokenization and digital assets are here to stay. Blockchain technology will change real estate investing with the tokenization of properties.

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Industrial Investor Technology Commercial 124

Housing Wire

SEPTEMBER 10, 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. Orchard , which operates a home buying and selling marketplace, has closed on a $69 million Series C round led by Revolution Growth.

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Title Branding Principal Loans 351

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. Compass is the #1 residential real estate brokerage in the United States by closed sales volume. Compass, Inc. She holds an A.B. About Compass.

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Principal Development Brokerage Residential 86