Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. They are saying, ‘Tell me what’s working, how can I stand a program up so I can capture some of this [home-equity] business.”

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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 As for consolidation, it will be both a tailwind and a headwind for us.

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Housing Wire

NOVEMBER 30, 2020

The Mortgage Collaborative, an independent cooperative network in the mortgage industry, today announced the launch of TMC Emerging Technology Fund LP, a venture capital program funded by a self-selected segment of TMC members to capture opportunities driven by the rapid pace of technological change in the mortgage sector.

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Technology Mortgages Due diligence Commercial 370

Housing Wire

JANUARY 22, 2024

Sagent , a fintech software company providing a servicing management platform for banks and lenders, appointed Chris Marshall as executive chairman. and was co-founder and CFO at Capital Bank Financial Corp. His term as executive chairman began on January 19. Marshall joined Sagent’s board under the terms of the transaction.

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Technology Banks Equity Mortgages 412

Housing Wire

OCTOBER 11, 2023

“By harnessing our industry-leading data and workflow solutions, we have taken the first step toward creating an all-in-one platform that transforms the mortgage process, benefiting both borrowers and loan officers,” said Bob Jennings, executive of collateral and risk solution at CoreLogic.

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Mortgages Loan Officer Banks Lending 414

Housing Wire

MAY 17, 2022

Mortgage and home equity fintech FirstClose received a $35 million investment from Lateral Investment Management on Tuesday. This is FirstClose’s first institutional equity investment round: The company has been self-funded since its founding in 2000. home equity and mortgage markets. home equity and mortgage markets.

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Equity Lending Banks Technology 370

Housing Wire

NOVEMBER 8, 2022

Publicly traded lending software firm MeridianLink has acquired OpenClose , a fintech company that specializes in residential mortgage software solutions for banks, credit unions and mortgage lenders. The announcement comes shortly after MeridianLink, which is owned by private equity giant Thoma Bravo , posted its quarterly earnings results.

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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. We are adding resources to engineering, security and trust, product, industry relations, legal, compliance and more. Presented by: Sagent Lending Technologies.

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Land Lending Technology Banks 414

Housing Wire

FEBRUARY 21, 2024

Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror. In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. Additionally, the program aims to improve diversity across the industry.

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Housing Wire

JUNE 6, 2023

Designed to cater to the needs of home equity lenders, fix and flip lenders, and bank default departments, Pinnacle Desktop Appraisals leverages the expertise of real estate professionals utilizing cutting-edge technology to streamline the collection of appraisal data while engaging local appraisers.

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Technology Equity Banks Design 370

Housing Wire

AUGUST 16, 2022

has agreed to buy mortgage servicing rights trading platform Blue Water Financial Technologies for a cool $101 million. The integration of Blue Water into the Voxtur product suite strengthens our technology foothold and places us squarely in the capital markets arena,” said Voxtur CEO Jim Albertelli in a statement.

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Technology Equity Investor Construction 381

Housing Wire

FEBRUARY 15, 2023

Roughly a year after Mortgage Coach and Sales Boomerang were acquired by a private equity firm, they’ve merged their services onto one platform and rebranded to “TrustEngine.” The company says more than 200 independent mortgage companies, credit unions, banks and brokers currently use TrustEngine’s solutions.

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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%).

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Mortgages Marketing Banks New Construction 414

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. In 2023 alone, the mortgage industry saw a total of 62 merger and acquisition transactions, lender exits and bankruptcies.

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Equity Bankruptcy Loans Mortgages 414

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.

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Equity Investor Lending Technology 370

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.

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Banks Loans Equity Finance 370

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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Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “We know that the mortgage industry is about boom and bust,” said Woodward. “It For Woodward, the pink slip arrived in October.

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Mortgages Marketing Lending Loans 519

Housing Wire

SEPTEMBER 1, 2021

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. A company spokesperson said Origence laid off 34 employees on Aug.

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Lending Technology Banks Loans 393

Housing Wire

MARCH 7, 2022

” Lenders One will be selling purchase, refinance and home equity products at its “store-in-store” branch locations. Founded in 2000, Lenders One Cooperative has a network of more than 240 independent mortgage bankers, banks, credit unions, correspondent lenders, and suppliers of mortgage products and services.

Mortgages 457

Mortgages Equity Loans Lending 457

Housing Wire

FEBRUARY 28, 2023

HousingWire: Like most industries, the mortgage industry has historically had key, dominant players that lenders must work with in order to remain operational. Whether it’s a strategic merger or being bought and sold from private equity, it’s the lender, the user , that is inevitably forced into an uncomfortable position.

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Mortgages Technology Loan Officer Loans 370

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. naturally exposing her more closely to the American reverse mortgage industry. Frankowska is originally from Poland and her parents still live in Warsaw.

Mortgages 450

Mortgages Finance Loan Officer Equity 450

Housing Wire

SEPTEMBER 28, 2022

Pennymac Financial Services named longtime industry veteran Jerry Halbrook as its new chief mortgage innovation officer. Before that he served as president of origination technologies at Black Knight. He also had a stint as chief information officer of mortgage and home equity lending at Bank of America. .

Mortgages 382

Mortgages Loan Officer Lending Equity 382

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. It is clear that this rapid reversal in industry loan volume expectations has impacted our outlook for 2022 revenue growth.”.

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Mortgages Title Technology Loans 382

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.

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Lending Technology Loan Officer Equity 370

Housing Wire

JUNE 2, 2021

According to a release from Volly, the acquisition of Home Captain’s technology will extend the company’s reach into the real estate realm. This was just one month after Volly announced an $11 million Series B growth equity round led by Camden Partners and backed by existing investor, New Capital Partners.

Mortgages 430

Mortgages Technology Lending Staging 430

Housing Wire

AUGUST 13, 2021

This tipping point came after several years of rapid technology growth in our industry. The trends we elaborated on two years ago, pre-COVID, are now the standard: Digital is the new normal and technology is now the price of entry rather than a competitive advantage. To them it’s just “a mortgage application.”.

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Loan Officer Technology Loans Mortgages 442

Housing Wire

AUGUST 17, 2023

Reflecting the housing industry’s headwinds, just 16 mortgage lenders and brokers made the annual list of Inc. 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. The companies are U.S.-based,

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Mortgages Loan Officer Fixed-rate mortgage Loans 370

Housing Wire

APRIL 22, 2022

Blend says it’s still long on title, even amid industry grumblings that it overpaid for Title365. “That’s why we’ve made a strategic decision to invest in a title agency, and we believe that the industrial rationale for this deal continues to be strong.” ” In 2021, Blend processed more than 1.8

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Mortgages Marketing Title Banks 393

Housing Wire

AUGUST 26, 2022

The mortgage industry is changing rapidly and originators are focused on adapting to a shifting market in order to stay competitive. HousingWire: Should originators focus on any specialty mortgage products such as home equity lines of credit or non-QM? Equity can be used for any number of purposes, including home improvements.

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Mortgages VA loan Loans Technology 370

Housing Wire

MAY 13, 2022

The key difference in Blockchain, distributed ledger technologies (DLT) and related crypto-technologies today is we now understand how these technologies must adapt and are adapting to the world as it is. Emerging distributed ledger technologies are forming a consensus-based approaches to the blockchain within business domains.

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Due diligence Technology Banks Title 346

Housing Wire

NOVEMBER 11, 2020

LoanDepot, which has a reputation for investing heavily in technology, was the sixth-largest mortgage lender in 2019 , issuing 146,000 originations. coupon amid a historic boom time for the residential mortgage industry. Since then, a number of other large independent mortgage banks have announced plans to file suit.

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Equity Technology Lending Mortgages 424

Housing Wire

OCTOBER 15, 2021

For example, if a borrower uploads their bank statements, the data extracted can pinpoint a large deposit that would require a letter of explanation. Roostify’s newest launch arrived on the back of a massive year for not just Roostify but for the housing and lending industry overall.

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Lending Staging Banks Equity 389

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 488

Housing Wire

APRIL 26, 2022

You’re probably one of the first person in the industry that I’m talking to about it,” he added. LoanSnap is a mortgage company that employs artificial intelligence (AI) technology to originate loans more efficiently and faster. They are Vesta Equity , Oasis Pro Markets and Liquid Mortgage.

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Due diligence Mortgages Equity Loans 442

Housing Wire

APRIL 16, 2021

Blend, which was named as one of HousingWire’s 2021 Tech 100 winners, has steadily grown to be a powerhouse in the mortgage tech industry. Blend’s white label technology is what powers mortgage applications on the site of banks such as Wells Fargo and U.S. In all, its technology platforms saw $1.4 for about $1.8

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Banks Lending Technology Mortgages 359

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.

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