Housing Wire

MARCH 21, 2024

Mike Fratantoni , the chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA), addressed three major challenges in the housing market during testimony before the U.S. banks in comparison to international standards.

Industrial 327

Industrial Banks Residential Lending 327

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. Marvin Chang, Revvin’s chief commercial officer, has stepped down to pursue an opportunity in academia.

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Lending Loan Officer Loans Technology 393

Marco Santarelli

MAY 3, 2024

The financial stability of a nation's banking system is crucial for economic growth and the well-being of its citizens. banks are at risk of failure. banks , identifying 282 that face risks from commercial real estate loans and potential losses due to higher interest rates. The analysis evaluated around 4,000 U.S.

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Banks Commercial Investor Technology 52

Housing Wire

SEPTEMBER 15, 2023

Authorization : A digital loan file of record accessed by a broad range of trusted identities from lenders to guarantors to investors requires a permission structure. The result should be collapsing costs and cycle times, improving quality, reducing repurchase risk and certifying that a loan, and its related assets are “Fit 4 Sale.”

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Commercial Technology Investor Title 363

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.

Land 378

Land Lending Technology Banks 378

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

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 430

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. territories.

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Due diligence Marketing Mortgages New Construction 364

Housing Wire

APRIL 4, 2022

SitusAMC on Monday announced the launch of its Warehouse Administration Services, “a comprehensive suite of technology-enabled turnkey services” that it says will help warehouse lenders reduce costs by as much as 30%, according to a company-issued news release. Presented by: Wolters Kluwer.

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Lending Technology Finance Commercial 344

Housing Wire

FEBRUARY 21, 2024

Graduates of the program commonly find job placements with lenders, technology companies, fintech and proptech firms, or title companies. MBA entry-level initiative In a parallel effort, the Mortgage Bankers Association (MBA) introduced “Mortgage Banking Bound” in 2023. In 2023, the survey found that 58.6% were women.

Mortgages 332

Mortgages Title Marketing Lending 332

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.

Mortgages 362

Mortgages Lending Banks Loans 362

Housing Wire

FEBRUARY 22, 2021

Find the right mortgage with a local broker and Rocket technology,” intoned the narrator on the commercials, which premiered during the Super Bowl. The ads are mostly set not in a loan office, but a home showing. Rocket has since rode the wave of famously low interest-rates, which juiced the mortgage refinancing market.

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Loan Officer Commercial Banks Mortgages 444

Housing Wire

APRIL 28, 2022

First the market is shifting away from refinance transactions towards purchase and commercial transactions, which is where we have a greater market share. 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.”.

Title 362

Title Commercial Closing Loans 362

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. We caught up with Hurst to talk about his new role and why the firm is looking to invest in commercial real estate tech startups and mortgage tech firms. The second area we have been focused on is commercial real estate. As of Sept.

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Title Mortgages Commercial Technology 350

Housing Wire

JUNE 25, 2021

Joel Rickman: One of the most significant and transformational trends in lending is the call for the modernization and digitization of the mortgage loan process. The good news is the technology and data needed to meet growing borrower expectations and stay on par with industry trends are already available.

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Lending Commercial Technology Loans 384

Housing Wire

SEPTEMBER 25, 2020

Fintech company Sagent announced it hired veteran technology leader Uday Devalla as its new chief technology officer. Homespire Mortgage named Scott Valletti vice president of Mortgage Servicing, bringing more than 20 years of loan servicing and compliance experience to the company. mortgage originations. mortgage originations.

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Title Mortgages Technology Lending 213

Housing Wire

MAY 14, 2021

Federal Reserve System and served on groups including payment system oversight, reserve bank operations, and supervision and regulation. Ferguson noted that the past 18 months have shown “incredible market demand” for Notarize’s technology, as more of the industry moves online as a direct result of the COVID-19 pandemic.

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Title Loans Commercial Technology 268

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 467

Housing Wire

JANUARY 5, 2021

The Housing Policy Council has weighed in on the Conference of State Bank Supervisors’ new proposed standards for nonbank mortgage servicers. Nonbank mortgage servicers are a vital conduit between mortgage borrowers and investors in mortgage loans. Achieving touchless mortgage automation. Presented by: SoftWorks AI.

Mortgages 288

Mortgages Banks Commercial Technology 288

Housing Wire

NOVEMBER 30, 2021

Record-setting mortgage originations coupled with a resurgent private-label securitization market have created an expanding demand for loan underwriters at a time when they are in scarce supply. . A recent report from the Federal Reserve Bank of New York illustrates the explosion of mortgage originations during the past year.

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Due diligence Mortgages Loans Residential 364

Housing Wire

FEBRUARY 21, 2023

Miami-based fintech provider LoanPASS has integrated with ICE Mortgage Technology, a division of global data, technology, and market infrastructure provider Intercontinental Exchange, Inc. LoanPASS, the company’s flagship product, automates product and pricing decisioning for all loan products.

Technology 321

Technology Mortgages Commercial Loans 321

Marco Santarelli

APRIL 24, 2024

Here's what we know: as of April 2024, the Bank of Canada is holding rates steady after a period of hikes aimed at curbing inflation. The Bank of Canada (BoC) , the country's central bank, embarked on a series of rate hikes to combat a persistent bout of inflation.

Banks 52

Banks Finance Commercial Mortgages 52

Housing Wire

APRIL 26, 2021

New York Community Bank , one of New York City’s largest multifamily lenders, is set to diversify its business strategy with the acquisition of Michigan-based retail bank Flagstar Bancorp. The bank’s stock price was trading at a 26% discount to book value in late January. Presented by: Proctor Loan Protector.

Banks 382

Banks Branding Commercial Loans 382

HomeLight

JANUARY 12, 2022

But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021. Conventional loan. 1 and accept an offer on Jan.

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Closing Purchase and sale agreement Pre-approval Inspection 111

Housing Wire

MARCH 5, 2024

Sanjiv Vas, former CEO of Caliber Home Loans , has joined the board of directors at Two Harbors Investment Corp , a Minnesota-based real estate investment trust that expects to launch a mortgage originations platform in the second quarter of 2024. Before joining Pagaya, Vas was CEO of Caliber Home Loans.

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Principal Commercial Loans Mortgages 335

RIS Media

MARCH 7, 2022

Leveraging an affiliation with the now-iconic hot air balloon logo, leaders within the RE/MAX network follow in Gail Liniger’s footsteps as they redefine the boundaries of building business in the residential, commercial and luxury sectors. Aligning With the Brand. “RE/MAX was always a dream of mine,” Johnson reveals.

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Branding Brokerage Technology Agents 98

Housing Wire

MARCH 5, 2024

Sanjiv Das, former CEO of Caliber Home Loans , has joined the board of directors at Two Harbors Investment Corp , a Minnesota-based real estate investment trust that expects to launch a mortgage originations platform in the second quarter of 2024. Before joining Pagaya, Das was CEO of Caliber Home Loans.

Principal 195

Principal Commercial Loans Mortgages 195

Marco Santarelli

MARCH 30, 2023

Financials, for example, can benefit from higher interest rates because it increases their net interest margins, which is the difference between the interest income earned on loans and the interest expense paid on deposits. When interest rates rise, it becomes more expensive for borrowers to take out loans, including mortgages.

Investor 40

Investor Loans Banks Mortgages 40

HomeLight

JULY 25, 2022

While a home is usually a family’s largest purchase, it’s also a complex configuration of materials, technology as well as structural and mechanical engineering. That way, if the buyers default on the loan, the lender is left with a sellable asset. Safety Issues as designated by the lender/loan program. Connect with a Top Agent.

Inspection 94

Inspection Pre-approval Loans Finance 94

GeekEstate

OCTOBER 5, 2022

I’m excited to release Thomvest’s 2022 real estate technology market map, which includes more than 275 companies operating within the residential real estate segment. This market map real estate technology companies operating across every phase of the home purchase value chain.

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Technology Marketing Investor Loans 119

Housing Wire

JUNE 1, 2021

. “Through its Surefire marketing automation and CRM platform, Top of Mind has brought incredible value to the sales and marketing side of the mortgage industry by helping lenders gain powerful competitive advantages for their loan officers,” said Anthony Jabbour, CEO of Black Knight.

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Loan Officer Loans Banks Commercial 424

McKissock

SEPTEMBER 2, 2020

CrowdStreet is a software and services company that enables accredited investors to access institutional-quality commercial real estate no-fee investment opportunities. With a global investor network, Patch of Land is committed to procuring funding for projects that are often overlooked or rejected by banks and traditional lenders.

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Investor Land Development Commercial 52

Housing Wire

SEPTEMBER 30, 2021

Mortgage Cadence has recently launched their new platform offering the industry’s most complete, modern LOS that delivers cloud-based, automated loan origination capabilities designed to enable an exceptional user experience throughout the entire mortgage lending life cycle, across all channels and products.

Mortgages 267

Mortgages Technology Lending Design 267

Housing Wire

MARCH 28, 2022

commercial spaces/building and residential homes/townhomes) and inconsistent transactional processes, fragmentation in the market has prevented real-estate from adopting technology as quickly as other sectors – until now. So, what are the technologies and trends iBuyers are using to fix fragmentation in the market?

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Marketing Title Closing costs Technology 377

Housing Wire

FEBRUARY 10, 2022

The government-sponsored enterprise saw a 20% growth in its single-family mortgage portfolio from 2020 to 2021, driven by soaring home prices and an increase in the average size of loans it acquired. trillion in single-family loans in 2021, about two-thirds of which were refinances. It reported $2.7 Overall, Freddie Mac purchased $1.22

Loan Officer 392

Loan Officer Finance Loans Banks 392

Marco Santarelli

SEPTEMBER 6, 2020

Instead, we’re suggesting you loan money to other real estate investors through crowdfunding sites. You can diversify your holdings, loaning several hundred or thousand dollars to each would-be investor. The crowdfunding platform takes a slice of every loan issued. However, they also administer the loan payments.

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Lending Loans Investor Branding 135

Patch of Land

OCTOBER 20, 2017

Technology working in the background does the bulk of the work for the investor, putting their money into deals that meet their pre-selected criteria. These parameters may include annual percentage rate (APR), loan-to-value (LTV), the investment type (e.g., If the crowd has no appetite for the loan, then it won’t be made.

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Pre-approval Investor Loans Technology 28