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.

Technology 447

Technology Development Title Lending 447

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.

Banks 361

Banks Loans Equity Finance 361

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.

Land 403

Land Lending Technology Banks 403

Housing Wire

APRIL 19, 2022

Those new investments include venture capital plays, particularly in the financial-technology arena. Abate described technology as being key to “building efficiencies” to accomplish the real estate investment trust’s goals. Vesta Equity , another blockchain-enabled marketplace for tokenized home-equity investments. “As

Equity 376

Equity Technology Investor Residential 376

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.

Banks 411

Banks Technology Equity Development 411

Housing Wire

FEBRUARY 11, 2022

Cooper , one of the nation’s top servicers, and Sagent, a loan servicing software developer, announced on Friday that they will join forces to create a cloud-native servicing platform. Cooper will sell certain intellectual property rights related to its proprietary, cloud-based technology platform for mortgage servicing to Sagent.

Technology 359

Technology Development Equity Mortgages 359

Housing Wire

MAY 17, 2022

Private equity firm Narrow Gauge Capital (NGC) acquired Inco-Check, LLC , a provider of quality control audit mortgage software and fraud prevention services. Boston, Massachusetts-based NGC, founded in 2015, is focused on making investments in health care services, financial services technology, distribution and logistics sectors.

Equity 344

Equity Investor Lending Technology 344

Housing Wire

SEPTEMBER 27, 2023

Surveyed professionals also pointed to finding investor clients and have had success with products such as non-qualified mortgages ( non-QM s), down payment assistance programs (DPAs) and home equity line of credits ( HELOC s). Others allocated resources into digital marketing (31.1%), automation technology (26.7%) and market data (19.3%).

Mortgages 413

Mortgages Marketing Banks New Construction 413

Housing Wire

SEPTEMBER 1, 2021

17, in multiple departments, as it continues to “build efficiency in its technology operations.”. The primary focus of these investments has been centered on building a future committed to advancing the user experience, creating efficiencies for lenders, and providing enhanced technological capabilities for financial institutions.”.

Lending 379

Lending Technology Banks Loans 379

Housing Wire

JULY 31, 2022

As of January 2022, 92% of all eNotes registered with MERS were created and registered with Wolters Kluwer technology. In anticipation of the shifting market conditions and the expected growth of home equity lending, Wolters Kluwer recently introduced a new solution – OmniVault for Real Estate Finance.

Lending 351

Lending Equity Technology Banks 351

Housing Wire

AUGUST 17, 2023

InstaLend is a tech-enabled real estate loan lender that provides capital to residential developers through streamlined technology and automated workflow, according to its website. We are doing a lot of research and development in it and artificial intelligence,” Slyusarchuk said. Companies that debuted on the Inc.

Mortgages 370

Mortgages Loan Officer Fixed-rate mortgage Loans 370

Housing Wire

FEBRUARY 13, 2023

“I’m excited to help us innovate our operations and leverage technologies to build on that advantage…” Prior to joining Deephaven, Drago was the chief operations officer for the Southeast and Mountain West divisions of Guaranteed Rate. among others. among others.

Mortgages 351

Mortgages Principal Banks Equity 351

Housing Wire

OCTOBER 28, 2022

HousingWire Annual is where the community from across the housing ecosystem comes together to share strategies, drive business, discover new technologies, discuss best practices, and meet industry leaders. All Things Housing. 02 Marketing Leaders Success Summit: How I Earned 100k Followers & Other Social Media Lessons.

Title 401

Title Lending Finance Development 401

Housing Wire

JANUARY 27, 2021

Roostify, which powers the digital mortgage platforms of JPMorgan Chase , TD Bank , Guild Mortgage , HSBC Bank USA and more, allows different lending parties to bring in data and information from online sources that then tailors the homebuying process.

Lending 362

Lending Technology Equity Loan Officer 362

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 436

Mortgages Finance Loan Officer Equity 436

Housing Wire

OCTOBER 15, 2021

The development teams inside of a lender’s business can implement the capabilities anyway they like, and configure it to their current digital experience, tech stack, and use case, Bhat explained. They also offer a home equity platform for home equity loan applications and HELOCs under the same umbrella.

Lending 334

Lending Staging Banks Equity 334

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 393

Mortgages Marketing Title Banks 393

Housing Wire

JANUARY 22, 2021

UWM’s entrance to the public markets caps a wild six months for independent mortgage banks across America, in which a dozen large or mid-sized mortgage firms revealed plans to go public. The merger injected $925 million into UWM to develop new technology and grow the broker channel, where it holds about 35% marketshare.

Mortgages 520

Mortgages Technology Lending Banks 520

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. I hadn’t developed a network for mortgage lending with Realtors,” Woodward said about his work at Interfirst in Indiana.

Mortgages 522

Mortgages Marketing Lending Loans 522

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.

Loans 496

Loans Banks Loan Officer Branding 496

Housing Wire

SEPTEMBER 8, 2021

Mike Peck, CEO of Pendo, in a statement accompanying the announcement, said Pendo will benefit from Class Valuation’s “scale, resources, technology and innovation platform.” Investment bank Berkery Noyes advised Pendo Management on the merger. Pendo works with more than 150 lenders, per the companies’ statement.

Equity 366

Equity Technology Banks Mortgages 366

Housing Wire

APRIL 26, 2022

Karl Jacob, CEO and co-founder of LoanSnap , said the cyrpto-mortgage system his company has developed can originate more than just loans that LoanSnap mints. LoanSnap is a mortgage company that employs artificial intelligence (AI) technology to originate loans more efficiently and faster. We’re not huge, but we’re not small either.”.

Due diligence 450

Due diligence Mortgages Equity Loans 450

McKissock

MARCH 24, 2022

On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” Pages 5 and 6 of the report set forth 21 recommendations, termed “Agency Actions to Advance Valuation Equity.” Not to be outdone, the U.S.

Equity 91

Equity Title Lending Banks 91

Housing Wire

MAY 23, 2022

In his new role, Hogle will manage the firm’s retail operations, overseeing growth and development of retail sales and the production network, while supporting the firm’s business channels. Full-service lender Cherry Creek Mortgage announced Rick Hogle has joined the company as its chief revenue officer.

Mortgages 391

Mortgages Lending Development Equity 391

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. The company acquired 100% of the equity of Birmingham for a total consideration of $19.3

Purchase and sale agreement 354

Purchase and sale agreement Loans Banks Finance 354

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). LLR is not a newcomer to mortgage technology or the overall fintech market. In 2016 LLR led a $26.5 No surprise here.

Technology 364

Technology Brokerage Lending Mortgages 364

Housing Wire

AUGUST 23, 2023

According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. I’ve gone through extensive coaching and professional development,” he said. That technology platform has helped us maintain best-in-class compliance and regulatory audits.

Debt-to-income ratio 369

Debt-to-income ratio Technology Mortgages Pre-approval 369

Housing Wire

JULY 12, 2021

Trussle’s investors include American bank Goldman Sachs and Amsterdam-based venture capital fund Finch Capital. It will utilize Better’s technology to source and execute deals. via a high street bank,” Garg said. “We Better claims it would have a post-equity value of $7.7 ’s $1.5 homeowners.

Brokerage 408

Brokerage Mortgages Loan Officer Banks 408

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. Williams currently serves as Founder and Managing Principal of Dabar Development Partners. Compass, Inc. About Compass.

Principal 86

Principal Development Brokerage Residential 86

Propmodo

OCTOBER 31, 2023

Falling property prices and liquidity fears are causing banks to slow or stop lending on commercial properties. The first change is that a new type of lender has stepped in to fill the void left by regional banks. Unlike banks, these lenders are not constrained by Dodd-Frank regulations and do not have to worry about a run on deposits.

Lending 112

Lending Commercial Banks Construction 112

Housing Wire

FEBRUARY 11, 2021

But it noted that its retail strategy is more developed. LoanDepot has demonstrated it can harvest leads through its “mello” technology platform and close with a direct-to-consumer approach, but such a strategy has limitations when interest rates rise and the purchase market is more viable.

Loans 410

Loans Finance Mortgages Closing 410

Housing Wire

NOVEMBER 17, 2022

Of those issuers already compliant with RBCR, many have ample equity capital to support the acquisition of MSRs that may come on the market.” According to Bosley, the top 20 or 25 issuers control most of Ginnie Mae’s servicing, and banks are already not excited about servicing these loans. .

Marketing 404

Marketing Lending Loans Principal 404

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. As of May 27, Iowa Workforce Development lists 49 layoffs at the Wells Fargo campuses in Des Moines and 34 employee reductions in West Des Moine.

Mortgages 421

Mortgages Loan Officer Lending Loans 421

RIS Media

MARCH 31, 2022

Second Century Ventures, the strategic investment arm of the National Association of REALTORS® and the real estate technology fund, has announced the acceptance of 11 companies to the 2022 REACH UK program. Solutions for the Commercial Sector. Solutions for the Commercial Sector.

Technology 98

Technology Commercial Finance Development 98

Housing Wire

JUNE 23, 2021

In fact, equity gained through homeownership is a primary means for Americans to accumulate wealth—especially for Black households, according to the Urban Institute. Municipal regulations, such as zoning restrictions, costly permitting and minimum lot sizes, must be reformed to expand developable land and reduce timelines and costs.

Marketing 415

Marketing Construction Industrial Mortgages 415

Housing Wire

SEPTEMBER 12, 2023

These current mortgage markets are what make it challenging for independent mortgage banks (IMBs). The fate of the specialist when the market shifts The independent mortgage banks most of us think of when someone mentions IMBs originated as a result of the Savings and Loan Crisis of the 1980s. Today, many might feel sorry for the IMB.

Banks 391

Banks Mortgages Loans Investor 391

RIS Media

FEBRUARY 13, 2022

a provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales origination software. This acquisition expands our footprint in the digital mortgage ecosystem, and we are thrilled to have them join us as we continue to develop innovative and streamlined technology solutions in the lending space.”.

Mortgages 98

Mortgages Lending Banks Equity 98