Housing Wire

SEPTEMBER 22, 2022

New York-based Unlock Technologies , a fintech operating in the shared-equity market, and real estate investment firm Saluda Grade , have closed a $180 million private-label securitization (PLS) backed entirely by Unlock-originated residential home-equity agreements (HEAs). 21, according to Mortgage News Daily.

Equity 373

Equity Marketing Fixed-rate mortgage Finance 373

Housing Wire

MARCH 29, 2023

The demand for home-equity loans, particularly home-equity lines of credit (HELOCs) as well as shared-equity investment products, is now stronger than at any time since before the global financial crisis some 15 years ago. Those 17 deals were backed by home-equity collateral valued in total at $3.9

Equity 356

Equity Lending Loans Banks 356

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 It’s the first time that we’re now sharing free cash flow targets.

Banks 388

Banks Mortgages Loans Investor 388

Housing Wire

SEPTEMBER 5, 2023

I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night. SW: ICE Mortgage Technology is known for its focus on automation. Sarah Wheeler: ICE’s acquisition of Black Knight just closed today.

Technology 358

Technology Mortgages Loans Industrial 358

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 407

Mortgages Finance Loan Officer Equity 407

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 430

Technology Development Title Lending 430

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 360

Equity Technology Investor Residential 360

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 348

Banks Loans Equity Finance 348

Housing Wire

AUGUST 13, 2021

Co-led by Tiger Global Management and Caffeinated Capital , Divvy’s latest round raised $200 million in equity, Divvy CEO Adena Hefets told Bloomberg. We’re aiming to bring a legitimacy to alternative home financing options,” said Hefets. And the idea is quickly gaining popularity.

Pre-qualification 404

Pre-qualification Pre-approval Equity Finance 404

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs). Presented by: Auction.com.

FHA loan 317

FHA loan Renovation Equity Loans 317

Housing Wire

FEBRUARY 23, 2024

The three areas in which AI is driving impact are mortgage banking, underwriting and servicing, Rocket CEO Varun Krishna shared with analysts during the latest earnings call. To the extent that you can get loans off your balance sheet faster, it lowers your financing costs. The BUY+ program provided borrowers a credit equal to 1.5%

Equity 388

Equity Bankruptcy Loans Mortgages 388

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. They are Vesta Equity , Oasis Pro Markets and Liquid Mortgage.

Due diligence 440

Due diligence Mortgages Equity Loans 440

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 332

Lending Equity Technology Banks 332

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. That was just over 45% of the company’s mix, according to Inside Mortgage Finance. billion volume in 2021, up 33.7%

Mortgages 519

Mortgages Marketing Lending Loans 519

Housing Wire

DECEMBER 14, 2023

The concept of leveraging technology to navigate the complicated system of incentive programs available to eligible homebuyers is particularly impactful and aligned,” said Ryan Orley, managing partner at Zigg Capital. “The Black-White homeownership gap is larger today than it was ten years ago.

Equity 335

Equity Technology Mortgages Banks 335

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 382

Title Lending Finance Development 382

Housing Wire

NOVEMBER 10, 2022

million was driven by a decline in mortgage banking and its title insurance business revenue, which occurred despite its consumer banking revenue more than doubling from the same period last year. Within the Blend platform, mortgage banking revenue was $19.9 The consumer banking and marketplace revenue was $15.3

Title 282

Title Banks Mortgages Equity 282

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 337

Purchase and sale agreement Loans Banks Finance 337

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 380

Mortgages Marketing Title Banks 380

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 381

Banks Technology Equity Development 381

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 393

Mortgages Marketing Banks New Construction 393

Housing Wire

APRIL 7, 2022

In 2008, as the financial crisis was unfolding, he landed a job at secretive big data startup Palantir , where he learned that the $10 trillion mortgage industry was still in the Stone Age technologically. The firm’s net cash loss from financing activities grew more than 80-fold to $633.9 Right again. million last year from $7.9

Mortgages 374

Mortgages Title Technology Loans 374

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 384

Brokerage Mortgages Loan Officer Banks 384

Housing Wire

FEBRUARY 11, 2022

The definitive agreement reached by both parties stipulates that Mr. Cooper will sell certain intellectual property rights related to its proprietary, cloud-based technology platform for mortgage servicing to Sagent. Meanwhile, Mr. Cooper will receive a minority equity stake in the fintech company.

Technology 344

Technology Development Equity Mortgages 344

Housing Wire

DECEMBER 29, 2020

“Mandatory Analytics provides our investor clients with transparency, allowing them to identify where execution efforts are succeeding, where they are losing to the market, and why,” said Scott Happ, president, Black Knight secondary mortgage marketing technologies. Presented by: Maxwell.

Mortgages 320

Mortgages Investor Technology Banks 320

Housing Wire

SEPTEMBER 2, 2021

The round includes $100 million of Series D equity and $263 million in debt financing – boosting HomeLight’s valuation to the tune of $1.6 Other repeat investors in its most recent round included Menlo Ventures , Group 11 and Stereo Capital. Lydia Jett of the SoftBank Vision Fund also participated.

Pre-approval 305

Pre-approval Investor Technology Equity 305

Housing Wire

FEBRUARY 11, 2021

All of this occurs against the backdrop of record origination volumes and record profits at the California-based lender, which is the fifth-largest overall retail lender in the country, according to Inside Mortgage Finance. And according to Inside Mortgage Finance, loanDepot originated about $100.7 billion in mortgages throughout 2020.

Loans 402

Loans Finance Mortgages Closing 402

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. Hey Clayton …” and a link. In 2016 LLR led a $26.5

Technology 343

Technology Brokerage Lending Mortgages 343

Housing Wire

JULY 26, 2021

The Federal Housing Finance Agency house-price index rose 12% last year due to low inventories and high demand. Differences in home equity account for a large chunk of the wealth gap, with Black families having only about one-eighth the net wealth of white families. The housing market is red hot.

Mortgages 498

Mortgages Lending Loans Equity 498

Housing Wire

AUGUST 23, 2023

Following a merger with special purpose acquisition company (SPAC) Aurora Acquisition Corp , Better Home & Financing Co. Secondly, we are going to continue to invest in our technology and drive products, like One Day Mortgage, that are innovative and groundbreaking and drive the adoption of those products across the industry.

Debt-to-income ratio 364

Debt-to-income ratio Technology Mortgages Pre-approval 364

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 113

Lending Commercial Banks Construction 113

Housing Wire

JANUARY 19, 2023

The Consumer Financial Protection Bureau (CFPB) has been active and outspoken over the last few years on its expectations and concerns on compliance issues related to equity and fairness in the lending process, such as redlining, appraisal bias and working with limited English proficiency borrowers, and other regulatory bodies have followed suit.

Loans 353

Loans Lending Investor Mortgages 353

Housing Wire

FEBRUARY 8, 2021

“The momentum for non-bank lending is here to stay. According to figures from Inside Mortgage Finance , California-based loanDepot originated about $100 billion worth of residential mortgages in 2020. In its S-1, loanDepot touts its entrepreneurial ethos and its technology platform, called “mello.”

Lending 450

Lending Branding Mortgages Loans 450

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. Wells Fargo will be providing severance and career counseling, and helping affected employees identify other positions within the bank.

Mortgages 413

Mortgages Loan Officer Lending Loans 413

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. The borrower says, ‘I need a loan,’ and the bank says, ‘We want to do a desktop appraisal.’ The State of Appraisals in 2022. that afternoon.

Inspection 404

Inspection Technology Loans Mortgages 404

Housing Wire

SEPTEMBER 13, 2023

A fly in the ointment, however, particularly for some independent mortgage banks (IMBs), is the elevated risk of agency loan-repurchase demands — triggered by loans that violate Fannie Mae ’s or Freddie Mac ’s rep and warranty policies due to some defect discovered during the agencies’ post-origination quality-review processes.

Due diligence 388

Due diligence Marketing Loans Mortgages 388

RIS Media

OCTOBER 2, 2020

Well-known national lenders approve loans for customers across the United States, but a smaller, local bank or credit union may offer you several advantages that a larger institution can’t. They are often less strict than banks when it comes to loan approval requirements and down payments. Qualification Requirements and Loan Terms.

Banks 54

Banks Debt-to-income ratio Mortgages Loans 54