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. He added: “We have a tremendous amount of proprietary technology being built.

Mortgages 410

Mortgages Banks Technology Finance 410

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 450

Technology Development Title Lending 450

Housing Wire

FEBRUARY 27, 2024

After slowing to a 30-year low in 2023, the gears of housing finance are re-engaging. 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).

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Finance Technology Loans Industrial 421

Housing Wire

APRIL 20, 2021

The public response to the recent Federal Housing Finance Agency (FHFA) Request for Information on appraisal-related issues was significant, with 164 unique written comments. These entities make many other comments about technology, workforce options, modernization and the need for change. ” The Value of the Human Appraiser.

Technology 397

Technology Due diligence Lending Industrial 397

Housing Wire

JANUARY 25, 2024

California-headquartered LoanSnap was hit with a temporary order to cease and desist from Connecticut’s Department of Banking for “systemic” unlicensed mortgage loan origination activity. Connecticut Banking Commissioner Jorge Perez alleged that LoanSnap violated the Truth in Lending Act (TILA) and Fair Credit Reporting Act (FCRA).

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Loan Officer Loans Banks Title 408

Housing Wire

OCTOBER 5, 2023

Saluda Grade , a real estate advisory and asset-management firm specializing in alternative lending products in the nonbank sector, and its fintech partner, Unlock Technologies , this week priced the industry’s first rated securitization backed entirely by shared-equity contracts (which Unlock calls HEAs).

Equity 421

Equity Purchase and sale agreement Marketing Lending 421

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. My parents are retired, and putting my entrepreneurial and finance hats on, I just got to see challenges they face and conversations they’ve had,” she said.

Mortgages 457

Mortgages Finance Loan Officer Equity 457

Housing Wire

SEPTEMBER 25, 2023

Just weeks after New York-based digital lender Better Home & Finance Holding went public , Better issued pink slips to employees in early September in a new round of layoffs, Insider reported. Better was ranked as the 59th largest lender in Q1 2023, plummeting from the 19th in 2021, according to Inside Mortgage Finance.

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Title Technology Finance Mortgages 421

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 370

Banks Loans Equity Finance 370

Housing Wire

MARCH 17, 2022

Figure , a blockchain-focused financial service company and Apollo , a global alternative asset manager, announced today completing a transaction involving the origination of digital mortgage loans and transfer of ownership via blockchain technology, according to a press release shared with FinLedger.

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Lending Technology Loans Mortgages 466

Housing Wire

AUGUST 13, 2020

In a release on Thursday, the Federal Reserve detailed some of the research it’s doing on the benefits and risks associated with central bank digital currencies. Current research is being conducted within the Federal Reserve Board’s “TechLab” on innovations in alternative technological payments and projects, according to the release.

Banks 458

Banks Technology Development Finance 458

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Morgan have done a great job of developing those channels for securitizations. Lenders like J.P.

Equity 466

Equity Lending Banks Loans 466

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. Speakers: Faith Schwartz, CEO and Founder, Housing Finance Strategies Julienne Joseph, Deputy Assistant, Secretary U.S.

Title 410

Title Lending Finance Development 410

Housing Wire

OCTOBER 11, 2022

The funds will be utilized to finance its lending product, CryptoMortgage. The product also takes the investors’ digital assets as collateral and gives 100% financing for investment properties. Moon Mortgage, a crypto-backed mortgage provider, on Tuesday announced raising a $3.5

Mortgages 384

Mortgages Lending Investor Banks 384

Housing Wire

JANUARY 13, 2021

The Federal Reserve is looking into the rise of artificial intelligence and machine learning, and is considering stepping up its oversight of these technologies used by financial institutions. Effective solutions must be purpose-built for mortgages, rather than adapted horizontal technology. Achieving Touchless Mortgage Automation.

Banks 521

Banks Technology Development Mortgages 521

Housing Wire

DECEMBER 15, 2021

The Bitcoin-backed mortgage product accepts Bitcoins and properties as collateral for loans to clients that want to purchase new real estate or finance a property they already own. Regarding the mortgage industry, the acceptance of cryptocurrencies by investors lags the development of new products. dollars for mortgage transactions.

Mortgages 421

Mortgages Lending Banks Investor 421

Housing Wire

AUGUST 8, 2022

Chief Operating Officer Rob Lux was named co-CEO for operations, technology, business development, client management, human resources, and legal. Meanwhile, Jim Daras, who will also serve as president, will be the co-CEO for banking, capital markets, finance and risk activities.

Banks 370

Banks Finance Mortgages Residential 370

Housing Wire

OCTOBER 9, 2023

The free app, which officially launches Tuesday, allows users to price out mortgages, personal loans and other finance products that Guaranteed Rate offers, but there’s a twist: users can also access financial, physical and mental health resources to help them “live their best lives.” This includes a Realtor partner network.

Mortgages 421

Mortgages Loan Officer Loans Technology 421

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.

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Banks Technology Equity Development 439

Housing Wire

JUNE 8, 2022

In its Wednesday letter to the DOJ, CHLA claimed the small and midsize independent mortgage banks it represents would be “particularly vulnerable” to market concentration — such as the large conglomerate resulting from an ICE/ Black Knight merger — in mortgage services. The companies announced the $13.1 billion mega-deal in May.

FHA loan 370

FHA loan Banks Loans Mortgages 370

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. Redwood is not backing away from its venture capital pursuits. Oasis Pro Markets , a U.S.-regulated

Equity 384

Equity Technology Investor Residential 384

Housing Wire

OCTOBER 4, 2022

Bank of America. Built Technologies. Chief Technology Officer. Housing Finance Strategies. SRE Technologies. Finance of America Mortgage. Take look through the list below to see this year’s winners. Company Name. Aaron King. CEO and Founder. AJ Barkley. Head of Neighborhood and Community Lending.

Lending 410

Lending Technology Finance Mortgages 410

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 369

Lending Equity Technology Banks 369

Housing Wire

FEBRUARY 2, 2022

Real Genius, a division of FirstBank , one of Tennessee’s largest community banks , said that its application platform will provide borrowers with rate and cost transparency. ConsumerDirect Mortgage rebranded itself to Real Genius and announced the launch of a modern mortgage application platform to simplify a borrower’s experience.

Mortgages 367

Mortgages Lending Technology Banks 367

Housing Wire

AUGUST 28, 2023

Better Home & Finance Holding , the digital lender that debuted on Nasdaq last week, reported a net loss of $135.4 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

Purchase and sale agreement 370

Purchase and sale agreement Loans Banks Finance 370

Housing Wire

JANUARY 10, 2023

It resulted from a big decline in mortgage banking, title insurance revenues and an impairment related to the Title365 segment. . workforce by 28%, including research and development, sales, marketing, general and administrative functions. Amid a rapidly shrinking mortgage market, the company reported a loss of $133.98

Title 421

Title Finance Mortgages Banks 421

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

MARCH 1, 2022

Prior to her seven-year stint at the Federal Home Loan Bank of Pittsburgh, from 2013 to 2014 Anderson worked as an attorney at Relman, Dane & Colfax PLLC , specializing in fair lending counseling and compliance. Before that, she worked at Ballard Spahr in public finance and housing. Effective Feb.

Banks 397

Banks Finance Industrial Lending 397

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 397

Mortgages Marketing Title Banks 397

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. In August 2021, Sagent also announced a partnership with fintech lender Figure Technologies.

Technology 370

Technology Development Equity Mortgages 370

Housing Wire

MAY 31, 2021

He formerly served as senior counsel for the Senate Committee on Banking, Housing, and Urban Affairs, and currently, he serves as senior counsel for the U.S. Senate Finance Committee. It’s this same willpower, steadfastness and determination to push through adversity that defines this year’s winners.

Principal 396

Principal Banks Finance Mortgages 396

Housing Wire

APRIL 8, 2022

Prior to joining FormFree, Lapin served as first vice president of corporate development, national agency services, at Old Republic Title , and has also held leadership positions at Altisource , Black Knight , First American and Credit Suisse. I appreciate companies with the boldness and fortitude to drive the industry forward. Blockchain.

Lending 395

Lending Banks Technology Loans 395

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 384

Technology Brokerage Lending Mortgages 384

Housing Wire

SEPTEMBER 27, 2023

Industry workers didn’t pull back on investing in professional development, with the majority (51%) spending money to reach potential clients. Others allocated resources into digital marketing (31.1%), automation technology (26.7%) and market data (19.3%). About 37% of respondents were spending money in social media and 34.8%

Mortgages 421

Mortgages Marketing Banks New Construction 421

Housing Wire

APRIL 11, 2023

The buyer must wait for bank approval, secure financing, complete inspections and perform last-minute walk-throughs to ensure all necessary documents and requirements are being processed. How has technology impacted the industry? Rachel Luna is the agency development manager at Patriot Title.

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Title search Title Purchase and sale agreement Preliminary report 384

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 Founded in 2015, Trussle has raised £26.7m ’s $1.5 trillion residential mortgage market.

Brokerage 421

Brokerage Mortgages Loan Officer Banks 421

Housing Wire

APRIL 13, 2023

I have often found that where technology and financial services come together, the no’s are necessary. While staying open to the unexpected, we can see opportunity in any development. Christy Soukhamneut is managing director of Mortgage Finance in Texas. As such, shouldn’t we learn to make them happen productively?

Technology 372

Technology Construction Banks Finance 372