Housing Wire

JANUARY 31, 2024

Dark Matter Technologies (DMT) tapped Tony Fox, former director of ICE Mortgage Technology , as its new chief of client engagement. Fox was director of client management at I CE Mortgage Technology for four months after the firm acquired Black Knight in September 2023. He will report to Sean Dugan, chief revenue officer at DMT.

Mortgages 405

Mortgages Technology Banks Development 405

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. These individuals also received inbound calls from individuals interested in obtaining mortgage loans, the order stated.

Loan Officer 382

Loan Officer Loans Banks Title 382

Housing Wire

JUNE 16, 2023

SimpleNexus , a homeownership platform developer for loan officers, borrowers, real estate agents, and settlement agents, announced this week a new integration with Empower, the loan origination system (LOS) from Black Knight. ” SimpleNexus , an nCino company, is a developer of mobile-first technology for mortgage lenders.

Loan Officer 359

Loan Officer Technology Loans Banks 359

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. The financial terms of the transaction have not been disclosed.

Lending 420

Lending Loan Officer Loans Technology 420

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 409

Mortgages Loan Officer Loans Banks 409

Housing Wire

FEBRUARY 27, 2024

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). Last year, Floify commissioned an independent study of 150 high-performing loan originators (LOs) to gain recruiting and retention insights.

Finance 416

Finance Technology Loans Industrial 416

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

FEBRUARY 16, 2023

LauraMac, a provider of mortgage loan review SaaS technology, has appointed Rick Seehausen as its chief strategy officer. In his new role, Seehausen will work with the leadership team at LauraMac, overseeing strategic planning and developing new and existing products. “I

Loans 340

Loans Principal Technology Development 340

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. After all, it still takes 43 days, on average, to close a loan.

Mortgages 403

Mortgages Banks Technology Finance 403

Housing Wire

JANUARY 23, 2024

a provider of property data and valuation technology solutions. Consolidated Analytics serves clients in financial services, mortgage lending, servicing and capital markets, including banks, government-sponsored enterprises (GSEs) and originators. Financial services firm Consolidated Analytics acquired Real Info, Inc. —

Due diligence 437

Due diligence Residential Real-estate owned Lending 437

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.

Lending 464

Lending Technology Loans Mortgages 464

Housing Wire

MARCH 28, 2024

It’s amazing how many loan officers miss this, don’t return the call quickly, and lose their race before it’s even underway. This was a crisis for many large Independent mortgage banks that had created fine-tuned systems for refinancing loans and had virtually no trained sales force to prospect for new purchase money business.

Mortgages 452

Mortgages Technology Loan Officer Loans 452

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 414

Equity Purchase and sale agreement Marketing Lending 414

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.

Banks 361

Banks Loans Equity Finance 361

Housing Wire

AUGUST 17, 2023

5000 list was VA Wholesale Mortgage , which specializes in offering home loans to veterans and active duty military members. 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. Zap Mortgage (no.294)

Mortgages 370

Mortgages Loan Officer Fixed-rate mortgage Loans 370

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%. HELOCs have easily been the product with the largest increase in [loan]-trading volumes.”

Equity 460

Equity Lending Banks Loans 460

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

JULY 11, 2022

Kumar was a manager at Standard Chartered Bank from 2002 to 2004. ” LendArch was founded in 2021 by Tammy Richards, whose CV includes high-level stints Bank of America , Caliber Home Loans. .” closed thousands of loans without proper documentation, among other misdeeds. .

Mortgages 349

Mortgages Technology Banks Lending 349

Housing Wire

APRIL 13, 2023

The wholesale channel has the ability to offer borrowers a variety of choices, with access to many different bank and lending programs. As a CDFI (Community Development Financial Institution) — a designation given by the U.S. With these resources, Change helps brokers to build their brand and generate new business.

Lending 378

Lending Marketing Banks Investor 378

Housing Wire

JUNE 2, 2023

Polly , a leading provider of innovative mortgage capital markets technology , recently announced the appointment of industry veteran Cheryl Messner as chief customer officer (CCO). “Polly has revolutionized traditional pricing and loan delivery, while simultaneously establishing an unmatched reputation with their customer partners.

Technology 332

Technology Development Mortgages Industrial 332

Housing Wire

MARCH 1, 2023

Income verification platform Truework has added its automated service ordering feature to Intercontinental Exchange (ICE) Mortgage Technology ’’s loan origination system Encompass. The fintech’s mortgage consumers include top 25 lenders, such as Fairway Independent Mortgage , Caliber and loanDepot.

Technology 346

Technology Banks Loans Mortgages 346

Housing Wire

MARCH 16, 2022

California-based ICE Mortgage Technology announced this week two enterprise agreements to integrate its eClose solution to Maxwell and Roostify platforms, enabling a more streamlined closing process for lenders and borrowers. Roostify, a mortgage technology provider, will integrate the solution to its digital home lending platform.

Due diligence 363

Due diligence Loans Lending Technology 363

Housing Wire

JUNE 29, 2023

DocMagic , a provider of loan document generation and eMortgage services, announced this week the integration of its Total eClose platform with Finastra ‘s MortgagebotLOS solution. ” The integration combines comprehensive eClosing technology with data-driven origination workflow automation. .

Lending 350

Lending Banks Loans Technology 350

Housing Wire

JULY 18, 2023

Denver, Colorado-based Maxwell , a mortgage fintech solutions platform, has announced that product development veteran Paul Wetzel has joined the company as senior vice president of product. mortgage industry, including significant net losses on loans and a decline in purchase loans.

Loans 349

Loans Lending Mortgages Technology 349

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. Real Genius has mortgage offices throughout the Southeast and offers conventional, FHA , VA and jumbo loans. Learn here! Presented by: Maxwell.

Mortgages 337

Mortgages Lending Technology Banks 337

Housing Wire

MAY 2, 2021

Real estate technology has changed rapidly over the last few years, and property valuation is no exception. Today, borrowers and lenders alike expect an easy and expedited home loan experience. QVM Insights is an easy-to-use, accurate and technology-driven way to manage the appraisal piece of the “supply chain.”

Technology 205

Technology Inspection Loans Residential 205

Housing Wire

OCTOBER 4, 2023

Lending institutions included mortgage banks, depository institutions and credit unions. Among lenders who have not used AI or ML technology, the biggest barriers to adoption in 2023 remained the same as 2018. Mortgage banks were more likely than depository institutions to cite integration complexity as a serious challenge.

Lending 393

Lending Technology Banks Mortgages 393

Housing Wire

SEPTEMBER 25, 2023

While Better was an efficient refi shop during the pandemic years when rates hit record lows, the lender and other independent mortgage banks (IMBs) were hit hard by the Federal Reserve ‘s monetary policy. The digital lender reported a net loss of $45.5 million in Q2, an improvement from a net loss of $89.9 million the previous quarter.

Title 419

Title Technology Finance Mortgages 419

Housing Wire

DECEMBER 15, 2021

Loan originations in dollars increased by more than 25% since the third quarter of 2020, and 44% of loan clients are in Latin America. 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.

Mortgages 421

Mortgages Lending Banks Investor 421

Housing Wire

FEBRUARY 2, 2024

That’s despite a net loss in the last quarter of the year attributable to the resolution of a long-standing arbitration process with Black Knight regarding its servicing technology and losses in mortgage servicing rights (MSR) fair value. Loan production was $99.4 of the loan servicing market, 3.6%

Technology 390

Technology Loans Principal Mortgages 390

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.” As of Oct. As of Oct.

Mortgages 421

Mortgages Loan Officer Loans Technology 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. But Woodward struggled to originate purchase loans. “I Without that being built, I was starting from scratch.

Mortgages 522

Mortgages Marketing Lending Loans 522

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

SEPTEMBER 1, 2021

CU Direct ’s Origence , which provides mortgage loan tech to lenders, has laid off nearly three dozen workers. 17, in multiple departments, as it continues to “build efficiency in its technology operations.”. The Irvine, California-based fintech firm offers lending tech products to credit unions, banks and independent mortgage banks.

Lending 379

Lending Technology Banks Loans 379

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.

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Loans Banks Loan Officer Branding 496

Housing Wire

JUNE 5, 2023

Retail lending is when you walk into a bank branch or go to an online lender, and they help you get a mortgage. Mortgage brokers emerged as key players in the industry in the 1980s because they offered access to multiple lenders and loan products. DS: The growth of the channel has been significant, especially in terms of technology.

Mortgages 367

Mortgages Lending Loan Officer Technology 367

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 359

Technology Development Equity Mortgages 359