Housing Wire

MAY 19, 2025

Gregory Tsang is the Chief Executive Officer and co-founder of eRESI , a Non-QM correspondent whole loan investor offering both Delegated and Non-Delegated options. HW: Are your best practices something you designed from the ground up? There is a misconception that the process of underwriting and funding a non-QM loan is convoluted.

Lending 199

Lending Loans Due diligence Investor 199

Housing Wire

JANUARY 10, 2024

University Bank ’s reverse mortgage division has added four key hires across different disciplines as it prepares to grow further in the reverse mortgage space. Jake Droge joins the company as a loan officer, while Carol Olmos has joined the company as an account executive. University Bank has been around for 130-plus years,” he said.

Banks 441

Banks Mortgages Lending Loan Officer 441

Housing Wire

NOVEMBER 7, 2024

Impacts to mortgage credit Banks, insurers and regulators have long acknowledged that climate risks could threaten mortgage borrowers’ creditworthiness. For homeowners with conventional loans backed by Fannie Mae and Freddie Mac , insurance at replacement cost is mandatory, but flood insurance is only required in designated flood zones.

Design 458

Design Mortgages Lending As-is 458

Housing Wire

JUNE 12, 2025

has launched a new set of loan products designed to serve borrowers who fall outside traditional lending requirements. Logan Finance says the suite is intended to close a growing financing gap that impacts millions of creditworthy borrowers who don’t meet the standard criteria for conventional loans. million at 70% LTV.

Finance 266

Finance Lending Investor Loans 266

Housing Wire

MAY 28, 2025

In 2010, Parks became the trustee for a living trust designed to pay the victims expenses stemming from the accident, from which the victims account contained the $1.66 Bolstered by the loan proceeds, Parks continued to make transfers from the account for his own use, the DOJ said.

Mortgages 298

Mortgages Loans Lending Design 298

Housing Wire

APRIL 3, 2023

Cornerstone Servicing , a division of recently formed Cornerstone Capital Bank , has launched a subservicing business, the company announced Monday. Homeowners can log into the company’s secure web portal or mobile app to access a full view of their loan and 24/7 self-service options. billion in assets.

Banks 383

Banks Loan Officer Lending Loans 383

Housing Wire

NOVEMBER 27, 2023

HousingWire recently spoke with David Bernard, senior managing director of Specialized Mortgage Services at Western Alliance Bank , Member FDIC, about warehouse lending and how the warehouse sector and mortgage finance have progressed and continue to evolve. Western Alliance Bank transformed this model over a decade ago.

Banks 402

Banks Lending Finance Mortgages 402

Housing Wire

OCTOBER 17, 2022

Freddie Mac today announced it will include a review of borrowers’ bank account data to identify a history of positive monthly cash-flow activity as part of its loan purchase eligibility assessments, according to a release shared with HousingWire.

Banks 458

Banks Loans Industrial Mortgages 458

Housing Wire

MARCH 25, 2025

Global investment bank Cambridge Wilkinson today announced the closing of a forward flow agreement up to $100 million for a private real estate lending platform specializing in short-term bridge , fix-and-flip, construction and land development loans.

Lending 237

Lending Equity Banks Construction 237

Housing Wire

MARCH 18, 2022

Mangus then worked to build the dedicated reverse mortgage department at his new company from scratch and has found a notable degree of success by building Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business through the use of continuing education (CE) classes designed for licensed real estate agents.

Loans 517

Loans Closing Mortgages Equity 517

Housing Wire

JANUARY 17, 2025

Mr. Cooper had previously acquired the assets in a deal with Flagstar Bank , which was announced in July and closed in November. It also has a proprietary origination system designed to speed up the funding process. billion in loans during this period, up 37.5% It originated $2.37 year over year. Texas-based Mr.

Mortgages 370

Mortgages Lending Banks Finance 370

Housing Wire

APRIL 22, 2025

For these borrowers, non-qualified mortgage (non-QM) loans offer a premium alternative to conventional options. These loans empower lenders to accommodate unique financial situations while expanding access to a broader pool of potential clients, many of whom might otherwise have to reconsider homeownership altogether.

Lending 243

Lending Loans Investor Design 243

Housing Wire

FEBRUARY 10, 2025

The lender’s wholesale division is now offering a nonqualified mortgage ( non-QM ) loan product suite aimed at serving consumers who have outside-the-box financial profiles. ” Cardinal Financial’s non-QM suite will kick off with four loan products. . billion in non-QM loans through a proprietary product suite.

Loans 288

Loans Finance Investor Mortgages 288

Housing Wire

MAY 4, 2022

Digital-mortgage exchange and loan aggregator MAXEX is launching a new loan-purchasing program for originators looking to tap into the growing mortgage demand from individual and small-business real estate investors. In addition, MAXEX, based in Atlanta, announced that it is expanding its bulk- and forward-trading loan programs. “By

Loans 431

Loans Investor Mortgages Banks 431

Housing Wire

JUNE 9, 2025

Florida-based Gradient Mortgage Capital , a wholesale mortgage banking platform, launched Monday with the intent to serve mortgage bankers and brokers across the country with debt-service-coverage ratio ( DSCR ) and small-balance commercial real estate loans. Banker and broker yield spread premiums are offered too. ”

Mortgages 244

Mortgages Commercial Lending Loans 244

Housing Wire

JULY 15, 2024

Loan originators in today’s mortgage market have weathered significant challenges. For loan originators , managing the narrative is crucial. This event is designed to equip you with the tools and insights needed to lead with vision and inspire your teams effectively.

Loan Officer 402

Loan Officer Loans Banks Mortgages 402

Housing Wire

SEPTEMBER 26, 2023

Blend Builder – an initiative that started about four years ago and launched in March 2023 – is a cloud banking platform designed to help businesses in the financial services industry streamline processes for mortgages, loans, deposits and accounts. “We Blend platform revenue is projected to be around $28.5

Banks 421

Banks Mortgages Loans Investor 421

Housing Wire

DECEMBER 10, 2021

In the world of mortgage-financing, there exists a product line defined by what it is not — non-qualified mortgage (non-QM), non-prime, non-agency or an alternative-documentation loan. Angel Oak, through its affiliates, both originates and securitizes non-QM loans. We just see tremendous opportunity.”.

Loans 479

Loans Lending Bankruptcy Mortgages 479

Housing Wire

JUNE 17, 2022

I am about to say something in 2022 that no one in software design and process management would say. Do loan officers need more technology than they currently have? Most loan officers do not believe they need more tech than they have now. Most loan officers do not believe they need more tech than they have now.

Loan Officer 406

Loan Officer Loans Technology Banks 406

Housing Wire

MAY 8, 2024

Nonbank lender Panorama Mortgage Group (PMG) launched a new program that allows first-time homebuyers to take out a loan with a 1% down payment , the company announced on Wednesday. Founded in 2007 in Las Vegas , Panorama originated from Alterra Home Loans , which carved out a niche by catering to first-time Hispanic homebuyers.

Loans 385

Loans Mortgages Lending Branding 385

Housing Wire

NOVEMBER 25, 2024

One such solution includes the Edge Platform —designed to survey loan portfolios and identify recapture opportunities based on current mortgage rates. Chris Kennedy: Recapture is refinancing the customer into a new loan. When a loan is recaptured, it’s refinanced into a new loan.

Loans 364

Loans Residential Commercial Investor 364

Housing Wire

APRIL 4, 2025

The Platinum Peak product suite aims to offer higher available loan-to-value (LTV) ratios, which are designed to translate into higher loan proceeds for borrowers, according to the announcement. Platinum Peak is now available in at least two reverse mortgage loan origination systems (LOS) for brokers.

Mortgages 268

Mortgages Principal Loans Equity 268

Housing Wire

JUNE 30, 2022

In response, many brokers are relying on extra support, and Flagstar Bank offers exactly that. Flagstar also offers brokers the opportunity to participate in the Flagstar FLEX monthly webinar series designed to help them better their businesses. We’re well-capitalized and committed to mortgage, particularly the broker channel.

Lending 368

Lending Banks Technology New Construction 368

Housing Wire

JUNE 2, 2023

based ESSA Bank & Trust over allegations that the company engaged in redlining majority Black and Hispanic communities from access to credit services around the Philadelphia area. When banks engage in redlining, they perpetuate existing patterns of segregation and widen the racial wealth gap in our country.

Banks 305

Banks Lending Loan Officer Loans 305

Housing Wire

OCTOBER 28, 2024

In a significant move designed to expand homeownership access, the Federal Home Loan Bank of New York (FHLBNY) announced the adoption of an alternative credit scoring model to boost mortgage credit availability. The wholesale bank will now allow members to pledge mortgage collateral using the VantageScore 4.0

Debt-to-income ratio 420

Debt-to-income ratio Banks Loans Mortgages 420

Housing Wire

MAY 23, 2023

The growing wave of loan-repurchase requests from Fannie Mae and Freddie Mac has yet another major wrinkle, industry sources reveal, and this new problem, if accurate as alleged, threatens to disrupt future merger and acquisition (M&A) activity in the mortgage-finance industry.

Loans 397

Loans Purchase and sale agreement Due diligence Industrial 397

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. LOs are only human — Tech is necessary to keep up with max loan volumes. Presented by: Total Expert. The current program will end Feb.

Banks 312

Banks Mortgages Lending Technology 312

Housing Wire

JUNE 10, 2025

2 industry player in reverse-backed securities issuance and one of the top two providers of proprietary reverse mortgage loans, is expanding its product suite beyond government-backed and proprietary reverse mortgages while remaining focused on older customers. Reverse mortgage lender and servicer Longbridge Financial , a no.

Equity 358

Equity Principal Development Technology 358

Housing Wire

MAY 15, 2025

MORE’s model offers a short-term bridge loan typically around three years in length that’s designed to give buyers time to refinance or secure permanent financing. Theyve got $500,000 in the bank, they make $200,000 a year, they got their stuff together. ’ Every single one of them says, Absolutely.

Finance 370

Finance Lending Bankruptcy Residential 370

Housing Wire

AUGUST 5, 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. Founded in 1985, Quicken Loans has seen record numbers of refinance and purchase applications in recent months in the midst of the COVID-19 pandemic.

Loans 397

Loans Branding Investor Banks 397

Housing Wire

AUGUST 15, 2024

There are many government program offerings designed to support low-income borrowers and underserved communities available through banks and credit unions, including: Federal Housing Administration (FHA): FHA provides mortgage insurance on loans made by FHA-approved lenders. This insurance protects lenders against losses.

Industrial 449

Industrial Fixed-rate mortgage Banks Loans 449

Housing Wire

JANUARY 12, 2021

We wanted to introduce a program that provides borrowers with the larger loan amounts they need to purchase or refinance a high-value property. The Jumbo Prime program is designed for qualified borrowers who may have larger loan amounts than allowed under conventional loan terms. Kyle Gunderlock, Acra Lending CEO.

Loans 351

Loans Lending Development Mortgages 351

Housing Wire

NOVEMBER 1, 2023

But for some borrowers, a less traditional loan type could make the most financial sense. Without enough timely information to ask questions and compare options, borrowers had loans they couldn’t afford. But they only apply after a borrower has submitted a loan application, which leaves room for ambiguity when shopping.

Loans 407

Loans Fixed-rate mortgage Lending Loan Officer 407

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. trillion U.S.

Loans 496

Loans Banks Loan Officer Branding 496

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. Founded in 2013, Floify — a subsidiary of Porch Group Inc. —

Mortgages 420

Mortgages Loan Officer Loans Banks 420

Housing Wire

MAY 19, 2025

Independent Mortgage Banks (IMBs) dominate the origination sector, accounting for over 80% of all new mortgages. These loans are frequently sold to entities like Fannie Mae and managed by large companies. Now, overlay borrower behaviorsome loans are delinquent, some are prepaid, some have curtailments, etc.

Mortgages 214

Mortgages Investor Loans Banks 214

Housing Wire

MARCH 26, 2021

The lawsuit, which combined two legal actions that were designated a class action, was filed on behalf of 5,377 loan officers and other mortgage staffers employed by the bank in California from 2013 and 2019. James Kang, the lead plaintiff, said Wells Fargo illegally clawed back compensation.

Bankruptcy 466

Bankruptcy Banks Loan Officer Loans 466