Housing Wire

MAY 21, 2025

“Our technology eliminates the tedious ‘stare and compare’ work of analyzing bank statements while enhancing fraud detection and ensuring consistency across underwriting decisions,” said Paul Gigliotti , chief growth officer at Prudent AI. These interviews have been edited for length and clarity.

Mortgages

Housing Wire

JANUARY 28, 2025

Apollo orchestrated this transaction and now our partnership through Newfi provides the financing needed to grow this business and scale it to a higher level. It’s a complete financing solution that helps us ramp up and scale our production in the BPL sector. Multifamily developments have been picking up with a very strong start.

Residential

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

Housing Wire

JANUARY 21, 2025

The Mortgage Bankers Association (MBA)s education division, MBA Education, recently launched its Mortgage Banking Bound (MBB) program at Cleveland State University. The industry is getting the talent developments and potential new students to enter their workforce. It’s a true collaborative effort, Hoffman added.

Banks

Housing Wire

MAY 29, 2025

Still, the overall subservicing space has been relatively static in recent years, said Walter Mullen, chief strategy officer at Onity Group , the parent company of PHH Mortgage (the seventh-largest subservicer in 2024, according to Inside Mortgage Finance). Indeed, the total residential subservicing market declined to $3.96

Mortgages

Housing Wire

APRIL 10, 2025

policymakers scramble for answers, countries abroad have already developed and deployed practical solutions. homeowners hold mortgages below 4%, according to the Federal Housing Finance Agency. The 30-year fixed-rate mortgage is a cornerstone of American housing finance, but it wasnt built for flexibility. And while U.S.

Design

Housing Wire

JULY 21, 2025

Other examples include a software developer with multiple 1099s, a real estate agent with seasonal income spikes, or a small business owner maximizing deductions. Their finances and documentation may be complex, but their incomes are often more robust than traditional profiles.

Lending

Housing Wire

JULY 1, 2025

Name Job Title Company Name Abigail Williams Chief Legal Officer Lima One Capital Alexandra Lumpkin Chief Legal Officer The Real Brokerage Ali Haralson President Auction.com Alison Adams Grey Chief of Staff LPT Realty Amy Adams National Real Estate Expert The CE Shop Amy Butler Executive Vice President, National Sales Northpointe Bank Amy Creason Co-founder (..)

Title

Housing Wire

NOVEMBER 1, 2024

Department of Housing and Urban Development (HUD) requesting that the agency, at minimum, align its cybersecurity reporting requirements with those of Ginnie Mae. These updated reporting requirements harmonize FHA with existing standards established by the federal banking agencies.” A draft Mortgagee Letter (ML) was posted Sept.

Banks

Housing Wire

NOVEMBER 14, 2024

stock market, companies like Finance of America (FOA) and Ellington Financial — the parent of reverse lender Longbridge Financial — have recently released their third-quarter 2024 earnings results. With several top 10 reverse mortgage lenders now active in some form within the U.S.

Investor

Housing Wire

NOVEMBER 14, 2024

The team will develop and execute the company’s investment strategies, secondary market activities, and risk management, among other things. Meanwhile, Rettinger joined Pennymac in 2010 after holding leadership roles at Bank of America and HSBC. compared to the same period in 2023, according to Inside Mortgage Finance (IMF) estimates.

Mortgages

Housing Wire

FEBRUARY 18, 2025

HousingWire s Reverse Mortgage Daily (RMD) had a chance to meet up with Medina Cicak, Heartland Bank s chief commercial officer in Australia , and Keira Billot, the New Zealand -based general manager of retail and reverse mortgages. In New Zealand, there are only two main providers of reverse mortgages, both are banks, they said.

Banks

Housing Wire

AUGUST 4, 2025

Department of Housing and Urban Development (HUD) that provides funding for many U.S. Over the weekend, the Senate received Joseph Gormley ’s nomination to lead Ginnie Mae and forwarded it to the committee on banking, housing and urban affairs. Ginnie Mae , the government-owned corporation within the U.S.

Finance

Housing Wire

JULY 14, 2025

In order to serve those “out-of-the-box” borrowers, lenders specializing in non-QM have developed sophisticated, yet flexible, underwriting guidelines that rigorously assess financial stability. By solving complex financing challenges for clients who may not get approved elsewhere, brokers have the opportunity to build loyalty.

Investor

Housing Wire

MARCH 6, 2025

All four of the properties are in underserved neighborhoods as defined by the Federal Housing Finance Agency (FHFA). Like Richards, most Auction.com buyers are local community developers who have a deep knowledge of the markets and submarkets where they are buying. Additionally, three of them are on the same street.

Renovation

Housing Wire

MAY 14, 2025

It includes different responsibilities than just being an agent; you are in charge of hiring, managing brokerage finances, training, overseeing deals, networking and building a positive business reputation. Similar to an MLO, a mortgage broker finds financing for buyers. Interested in learning more?

Property Management

Housing Wire

FEBRUARY 27, 2025

Lastly, Acra Lending also uses automated bank statement processing technology that automatically calculates borrower income. Acra Lending will only continue to evolve as its internal team manages a significant share of the companys technology development efforts in the future.

Lending

BAM Media

OCTOBER 22, 2024

Real RISE 2024 kicks off today, October 22nd, with some exciting new developments in AI and fintech for real estate agents who’ve joined (or will join) the brokerage. Pritesh Damani Chief Technology Officer of Real Real agents also have access to banking services through Real Wallet: Real agents based in the U.S. and Canada.

Brokerage

Housing Wire

APRIL 4, 2025

Following other recent proprietary product development news, Longbridge Financial announced on Friday the launch of a new variation for its private fixed-rate reverse mortgage offering. Finance of America (FOA) has made the growth of its HomeSafe proprietary product suite a centerpiece of its growth goals for this year.

Mortgages

Housing Wire

DECEMBER 9, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO)s dedicated reverse mortgage development workgroup is targeting January 2025 as the release window for a series of uniform technology standards. How do we bridge the semantics and just put it into mortgage banking language to help people understand what we are?

Mortgages

Housing Wire

APRIL 24, 2025

Ravi Jani Ravi brings a unique combination of strategic finance expertise and an investors perspective at a pivotal moment in Reals trajectory, said Tamir Poleg , chairman and CEO of Real. He began his career in investment banking at Bank of America and Moelis & Co.

Brokerage

Housing Wire

FEBRUARY 21, 2025

This at least partially stems from well-developed forward mortgage companies diving more deeply into the reverse side of the equation. And so, if you’re in the mortgage lending business and you’re not thinking about seniors and looking at providing financing for them, you’re going to have a problem.

Mortgages

Housing Wire

MAY 12, 2025

Just ask Candice McNaught , the senior vice president of business development and strategic initiatives at Connecticut-based Planet Home Lending. A vice president at a top-25 independent mortgage bank said that after a relatively strong February and March, some lenders staffed up in anticipation of a spring surge.

Mortgages

Housing Wire

JULY 24, 2025

Department of Housing and Urban Development (HUD) and PHH Mortgage. 7: Ryan Smith, Finance of America , $71.91 She has also held banking roles at Continental National Bank and Ocean Bank during the course of her career. According to Modex, the bulk of his business has gone to Nationwide Equities Corp.

Mortgages

Housing Wire

MAY 21, 2025

Have at least six months of savings in the bank Selling real estate takes time. Have at least six months’ worth of living and business expenses in the bank before you quit your other job and go all-in on your new real estate career. Pro Tip Open a separate bank account just for taxes. So plan ahead.

Agents

Toronto Realty Blog

FEBRUARY 20, 2025

Case in point: some of these guys had never heard of the “occupancy period” that exists in the world of new condominium development. In order to build a condominium in Ontario, the developer will pre-sell units, that don’t yet exist, and when a certain threshold is met (ie. And to be fair, why should they have?

Development

Marco Santarelli

OCTOBER 13, 2024

Charlotte, North Carolina: Charlotte boasts a strong economy, driven by finance, healthcare, and technology. Fortune 500 Hub: Charlotte is home to the headquarters of nine Fortune 500 companies, including Bank of America and Duke Energy, further solidifying its strong financial and energy sectors.

Investor

Real Estate News

JULY 18, 2025

Skip to Content Agents Brokerages MLS/Assn Tech Industry By the Numbers Consumer Illustration by Lanette Behiry/Real Estate News Industry Homeownership education needs a reboot — and a new messenger Loan officers and financial advisors need to meet aspiring buyers where they are as many increasingly turn to social media for home financing advice.

Loan Officer

The Close

NOVEMBER 7, 2024

Crowdfunding: Real estate crowdfunding is when investors pool resources and invest in projects such as new developments or acquisitions. Personal savings: Using your money can be the cheapest way to finance real estate deals. Conventional loans: These can be obtained from a credit union or a bank.

Hard money loan

Housing Wire

MAY 19, 2025

In addition, we maintained and developed various strategic relationships with other key capital partners and financial institutions to broaden our product offerings with strong pricing to ensure eRESI becomes the one-stop liquidity provider to our clients. GT: The strong credit profile of Non-QM borrowers has been underappreciated.

Lending

The Close

DECEMBER 18, 2024

Offers 60 professional development hours (equivalent to 6.0 CEUs) for CRE professionals and contributes 60 credits towards the BOMI Continuing Professional Development Program (CPD) Two weeks long, with the entire program duration of three months Did you know? Did I mention theyre all free? Visit Baselane 6.

Commercial

Housing Wire

NOVEMBER 4, 2024

For this, I turned to New Hampshire-based Cohen Closing & Title , where another cousin is the director of business development. My frequent reporting on issues of wire fraud definitely made me wary heading into the closing, and we ultimately decided to use a bank check for my cash to close.

Purchase and sale agreement

Toronto Realty Blog

APRIL 3, 2025

But if we’re going to have an honest discussion about the issue of developers suing pre-construction condo buyers which is only just beginning in Toronto, we truly are going to kick over the hornet’s nest because I have to ask the obvious question: Who is to blame? You have two choices: buyers or developers.

Construction

Housing Wire

JANUARY 31, 2025

Evergreen said in its announcement that it has been “laying the groundwork for Southeast expansion by developing and strengthening key new business segments, including builder partnerships, affinity partnerships, and real estate agent partnerships.” billion in the past 12 months.

Loans

The Close

NOVEMBER 12, 2024

This article breaks down seven steps to help you learn how to buy land—covering everything from the pros and cons to financing and closing the sale. Check out zoning laws, future developments, and what the locals say. Owning some land is appealing since it’s usually low-maintenance and cheaper than those fancy developed properties.

Land

Housing Wire

FEBRUARY 19, 2025

The top-producing loan officer brings a proven track record of high-volume production and financing solutions for borrowers. He first joined Guaranteed Rate in January 2019 after a two-year stint as a loan officer at Northpointe Bank. Franquemont funded $38 million across 103 loans 2024 alone, according to Rate.

Loan Officer

The Close

MAY 14, 2025

Rising interest rates, shifting population demographics, and local economic development are reshaping the best cities for real estate investments in 2025. It’s one of the best cities for real estate investments due to corporate relocations and the high concentration of tech, finance, and healthcare in the area.

Investor