Housing Wire

OCTOBER 5, 2023

HousingWire Editor in Chief Sarah Wheeler sat down with Adam Carmel , founder and CEO at Polly , to talk about the ways technology should be delivering ROI for lenders. Sarah Wheeler: The cost to originate a mortgage is higher than ever, while companies have invested more in technology than ever before. What is the disconnect there?

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Technology Lending Mortgages Industrial 409

Housing Wire

OCTOBER 23, 2023

Click n’ Close , a mortgage lender mostly active in the wholesale and correspondent channels, appointed Kara Lamphere to the role of chief operating officer (COO). Prior to joining Click n’ Close, Lamphere was COO at InterLinc Mortgage. Formerly known as Mid America Mortgage, the company changed its name to Click n’ Close in June 2022.

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Closing Lending Banks Mortgages 376

Housing Wire

APRIL 13, 2023

First Federal Bank will acquire the mortgage division of BNC National Bank , which will give the Florida-headquartered community-based bank a nationwide consumer direct mortgage platform. The purchase, which includes the bank’s consumer-direct technology platform, is expected to close in the second quarter of 2023.

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Banks Mortgages Loan Officer Residential 383

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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Closing Title Loan Officer Technology 356

Housing Wire

FEBRUARY 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported operating income of $57 million in 2022, down from last year’s $397 million — a reflection of the headwinds the mortgage industry is facing. The mortgage technology division at ICE posted $249 million in total revenue in the fourth quarter, down 9.8%

Technology 381

Technology Sales Mortgages Lending 381

Marco Santarelli

APRIL 28, 2024

The banking sector is often seen as a barometer for the broader economy , and the closure of a bank can send ripples through the financial community. In 2024 , the United States witnessed its first bank failure of the year with the closure of Republic First Bank.

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Banks Commercial Loans Technology 104

Housing Wire

FEBRUARY 14, 2023

Benchmark Administration (IBA) , will take on a new role as president of ICE Mortgage Technology starting on March 1. ICE’s appointment of Bowler as incoming president ICE Mortgage Technology comes at a crucial time for the company. ICE Mortgage Technology is also eyeing increased sales in its Encompass loan origination system in 2023.

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Technology Mortgages Lending Loans 383

Housing Wire

SEPTEMBER 5, 2023

I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night. Sarah Wheeler: ICE’s acquisition of Black Knight just closed today. SW: ICE Mortgage Technology is known for its focus on automation.

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Technology Mortgages Loans Industrial 390

Housing Wire

MARCH 15, 2023

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. venture-backed technology and healthcare companies.

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Banks Mortgages Loans Loan Officer 367

Housing Wire

JULY 25, 2022

Pink slips will arrive for 58 employees working in the mortgage business at Texana Bank in California, according to a Worker Adjustment Retraining Notification (WARN) sent to the state’s Employment Development Department. The layoffs include loan officers, underwriters, processors, post-closing and secondary market staff.

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Banks Loan Officer Loans Lending 369

Housing Wire

NOVEMBER 1, 2021

The lender announced Friday a partnership with Salesforce to deliver Rocket’s mortgage origination capabilities directly to banks, credit unions and other FIs through Salesforce Financial Services Cloud. ” There are nearly 5,000 FDIC-insured banks and more than 5,000 credit unions in the U.S. .

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Banks Mortgages Loan Officer Lending 415

Housing Wire

DECEMBER 9, 2021

We’ve experienced the important role technology can play in helping homeowners access the tools and solutions their mortgage servicer is offering. We’re using] our technology to help homeowners and servicers alike facilitate more convenient and more equitable access to loan products and closings.”.

Technology 386

Technology Loans Closing Lending 386

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. CXChoice is an integrated SaaS technology and production platform used to assign notaries to each order, based upon criteria set by the client.

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Closing Title Technology Staging 357

Housing Wire

FEBRUARY 15, 2023

Texas-based mortgage lender Click n’ Close announced on Tuesday that its primary technology partner, Alabama-based mortgage banker Barr Group Mortgage, has completed the first eNote transaction using the Click n’ Close non-delegated correspondent eNote program.

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Closing Mortgages Banks Title 278

Housing Wire

DECEMBER 1, 2020

Flagstar Bank and the FinTech Consortium revealed that fintech startups Home Lending Pal , Stavvy and Real Key are the latest initiates to the companies’ ongoing MortgageTech Accelerator program. Explore three steps that enable technology to work more efficiently, which helps drive profitability. Presented by: Total Expert.

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Banks Mortgages Lending Technology 300

Housing Wire

JUNE 30, 2022

In response, many brokers are relying on extra support, and Flagstar Bank offers exactly that. We have a broad product set, competitive pricing and great technology,” said Lee Smith, EVP and president of mortgage. Our brokers are our partners. We treat them like family and want to help them grow their businesses and be successful.”.

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Lending Banks Technology New Construction 361

Housing Wire

NOVEMBER 18, 2021

HousingWire recently sat down with Joe Hallett, Fannie Mae’s Vice President – Digital Products Management, to discuss how Fannie Mae is leveraging technology to expand access to homeownership. This conversation, and the challenging questions it raised, hit close to home for us here at Fannie Mae.

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Technology Lending Mortgages Industrial 431

Housing Wire

APRIL 9, 2024

It’s supported by Varun Krishna , a veteran in the financial technology world and former executive at Intuit and PayPal , who was appointed as the company’s new CEO in July 2023, replacing Bob Walters. 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 449

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

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.

Lending 407

Lending Technology Loans Equity 407

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. Marshall will work closely with Sagent’s executive team to achieve that goal as well as oversee the firm’s long-term strategy, according to the firm’s release. Cooper Group.

Technology 386

Technology Banks Equity Mortgages 386

Housing Wire

FEBRUARY 8, 2024

Bloomberg also reported that several banks, including JPMorgan Chase & Co. and Bank of America Corp. DocuSign’s market capitalization is close to $10.5 Earlier this week, Reuters reported that DocuSign’s deal talks with Bain Capital and Hellman & Friedman stalled over disagreements on the acquisition price.

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Sales Banks Technology Investor 429

Housing Wire

MAY 2, 2023

Snapdocs , a leading digital closing platform for the mortgage industry, has announced a new integration with Finastra ‘s Mortgagebot loan origination system (LOS) to support Trustmark ‘s eClose transformation. The result is a more efficient and transparent experience for all parties involved in the closing.

Technology 361

Technology Banks Closing Lending 361

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.

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Technology Inspection Loans Banks 208

Housing Wire

JANUARY 11, 2024

Radian Group announced a strategic investment in FinLocker that will closely connect the technology between Radian’s Homegenius platform and FinLocker’s financial fitness and homeownership platform. Clients of FinLocker include loan officers, mortgage lenders, servicers, banks and credit unions.

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Loan Officer Technology Loans Banks 440

Housing Wire

FEBRUARY 1, 2024

Company Name Company Website Markets Served Company HQ MMI mmi.io/ Loan Origination, Title and Closing Salt Lake City, UT Polly polly.io/ Secondary San Francisco, CA Paradatec paradatec.com/ Servicing, Secondary, Cross Markets and Origination Wilmington, DE Orion Lending orionlending.com/ Loan Origination and Servicing Orange, CA Optimal Blue www2.optimalblue.com/

Mortgages 450

Mortgages Title Loans Closing 450

Housing Wire

JANUARY 18, 2024

issues per loan indicating the lack of appropriate controls by closing agents to identify and fix issues. Closing protection letter (CPL) issues were found on 49% of transactions, CPL validation issues on 8% of entire transactions and wire risks on 9% of transactions in Q4. “We On average, problematic loans had 2.2

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Title Banks Loans Closing 440

Housing Wire

MAY 16, 2023

Wells Fargo -backed mortgage fintech Maxwell has struck a deal to acquire mortgage solutions provider LenderSelect Mortgage Group from Blue Ridge Bank. ” Richmond, Virginia-based LenderSelect Mortgage Group, which provides mortgage loan solutions to lenders, closed its sale to Blue Ridge Bankshares Inc.

Mortgages 385

Mortgages Due diligence Banks Technology 385

Housing Wire

DECEMBER 22, 2023

Williston Financial Group is closing out 2023 with yet another acquisition. The firm announced Thursday that MyHome , a WFG subsidiary, has acquired technology and marketing services provider Volly. Launched in 2004, 10 of the nation’s top 30 banks work with Volly. The financial terms of the deal were not disclosed.

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Title Staging Technology Banks 424

Housing Wire

DECEMBER 7, 2023

The company’s close partnerships with mortgage brokers and correspondents transforms feedback into impactful products, technology and services that help clients grow their businesses in any economic environment. That’s made Flagstar a true partner to the 3,600 clients the bank has served in its 35-plus year history.

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Lending Banks Technology Mortgages 329

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.

Due diligence 375

Due diligence Loans Lending Technology 375

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 355

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.

Finance 420

Finance Technology Loans Industrial 420

Housing Wire

JUNE 8, 2023

While the real estate industry is optimistic about integrating new technologies, including artificial intelligence, into home sale transaction workflows, Bullion-Mincy and Lakhani-Bhatt warned that new technology also brings new opportunities for fraudsters. This is my 40 th year in the title industry,” Bullion-Mincy said.

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Title Industrial Banks Technology 344

Housing Wire

JUNE 16, 2023

This bidirectional integration, available to financial institutions, including independent mortgage banks nationwide, enables real-time sharing of loan application data, milestone updates, and documents. ” SimpleNexus , an nCino company, is a developer of mobile-first technology for mortgage lenders. “We

Loan Officer 366

Loan Officer Technology Loans Banks 366

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. Servicers must be powered by nimble technology to be heroes to borrowers, stalwarts to investors, and stewards of consumer protection to regulators. Presented by: Sagent Lending Technologies.

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Land Lending Technology Banks 414

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.

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Mortgages Banks Technology Finance 408