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. I think in 2023, we’re going to see rates higher for longer,” Toohig concludes.

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Equity Marketing Debt-to-income ratio Lending 369

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

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Equity Lending Loans Banks 374

Housing Wire

NOVEMBER 16, 2021

Rising home prices continue to fuel the growth of the nation’s multi-trillion dollar home-equity market, a fact not lost on behemoth investment-management firm PIMCO. Learn about the tools lenders should leverage to streamline home equity title and closing. Presented by: ServiceLink. Approximately 24.9%

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Equity Investor Marketing Title 372

Housing Wire

JANUARY 12, 2023

The refi boom is in our rearview mirrors and the road ahead looks promising for home equity volume. Who knows how high that volume could go, considering tappable equity is at a historic high of $11 trillion and total home equity at a record $27.8 How do you identify the right home equity partner? Excellent turn times.

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Equity Title Technology Inspection 387

Housing Wire

JULY 25, 2022

Pink slips will arrive for 58 employees working in the mortgage business at Texana Bank in California, according to a Worker Adjustment Retraining Notification (WARN) sent to the state’s Employment Development Department. The layoffs include loan officers, underwriters, processors, post-closing and secondary market staff.

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Banks Loan Officer Loans Lending 367

Housing Wire

APRIL 27, 2021

A homebuyer report from Bank of America shows that 51% of young homebuyers aged 18 to 43 value community and friendly neighbors when deciding whether or not to pull the trigger on a new home. A homebuyer’s guide to a competitive housing market. The housing market is extremely competitive right now. Presented by: Citi.

Equity 464

Equity Banks Lending Renovation 464

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.

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Technology Mortgages Loans Industrial 380

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.

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Banks Mortgages Loans Investor 405

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

MARCH 12, 2024

Lenders can also define workflows and business rules for any mortgage product, including construction loans, manufactured home loans, home equity loans and bridge loans. Unlike off-the-shelf POS solutions, Blueprint Builder allows lenders to customize technology that is designed to help improve operations, Maxwell noted.

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Lending Technology Loans Equity 391

Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. Others allocated resources into digital marketing (31.1%), automation technology (26.7%) and market data (19.3%). in events to garner business. were from the Northeast 16.3%

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Mortgages Marketing Banks New Construction 408

Housing Wire

JULY 12, 2023

Mike Cagney’s Figure Technologies announced a collaboration with CMG Financial , CrossCountry Mortgage , Fairway Independent Mortgage and The Loan Store as private-label partners. Each of Figure’s new partners will leverage Figure’s HELOC technology to create a branded product for their customers, the firm said in a statement.

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Equity Lending Technology Loans 345

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. Profitability may resemble the market in 2018 , when around one-third of nonbank lenders failed to turn a profit.

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Mortgages Marketing Lending Loans 519

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. While the central bank left the benchmark rate unchanged in the target range of 5.25%-5.5% However, a silver lining in the subdued housing market is the strength in new-home sales.

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FHA loan Bankruptcy Marketing Loans 440

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.

Equity 360

Equity Lending Banks Technology 360

Housing Wire

APRIL 22, 2022

Publicly traded mortgage tech company Blend Labs isn’t changing its strategy to survive a shrinking mortgage market, even though a drop in originations is sapping its revenue stream and forcing it to trim its workforce. Blend claims it grew its mortgage market share from 10% in 2020 to 15% in 2021.

Mortgages 390

Mortgages Marketing Title Banks 390

Housing Wire

JANUARY 11, 2023

The early entrants into the market — including Milo and Figure Technologies — made loans equal to 100% of the borrower’s cryptocurrency value with no down payment required. “The effective use of technology allows us to accomplish this.

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Lending Mortgages Marketing Loans 414

Housing Wire

FEBRUARY 21, 2024

Graduates of the program commonly find job placements with lenders, technology companies, fintech and proptech firms, or title companies. MBA entry-level initiative In a parallel effort, the Mortgage Bankers Association (MBA) introduced “Mortgage Banking Bound” in 2023. a New York-based multichannel lender. Additionally, 68.8%

Mortgages 359

Mortgages Title Marketing Lending 359

Housing Wire

JULY 31, 2023

Mike Cagney’s Figure Technologies laid off 20% of its staff and plans to take its profitable lending business public next year, Bloomberg reported. That market capitalization, along with the company’s other assets “should put us comfortably ahead of last round price” Cageny said, referring to Figure’s latest $3.2

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Lending Equity Banks Loans 345

Housing Wire

FEBRUARY 23, 2024

per share at market open on Friday, up from $10.98 per share at market close the day before. 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. Rocket’s stock price rose to $11.75

Equity 405

Equity Bankruptcy Loans Mortgages 405

Housing Wire

APRIL 19, 2022

CEO Christopher Abate outlined the company’s strategy to expand its reach in existing markets while also seeking out strategic investments in new markets. Those new investments include venture capital plays, particularly in the financial-technology arena. Oasis Pro Markets , a U.S. Oasis Pro Markets , a U.S.-regulated

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Equity Technology Investor Residential 376

Housing Wire

DECEMBER 14, 2023

With first-time buyers accounting for just 26% of all home purchases in 2022 — a 41-year low — the mortgage market place aims to help first-time homebuyers with the right program and mortgage products. Texas-based mortgage platform Stairs Financial launched on Thursday after completing a $3.5 million funding round.

Equity 364

Equity Technology Mortgages Banks 364

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.

Mortgages 404

Mortgages Lending Technology Banks 404

Housing Wire

OCTOBER 12, 2023

Total Expert’s customer intelligence identifies a potential customer through home listings , interest rates, home equity and credit pulls, according to the company. California-headquartered Polly is a provider of mortgage capital markets technology for banks, credit unions and mortgage lenders nationwide.

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Loan Officer Lending Loans Equity 409

Housing Wire

OCTOBER 9, 2020

Changes to capital markets have been fast and furious over the last year in housing. “Changes in culture, society, how we all work and live – it all ends up in capital markets,” said Richard Koss, chief of research at Recursion Companies. ” The banking tech laggard. As recently as 2017, it was over 50%.

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Marketing Banks Investor Technology 370

Housing Wire

AUGUST 16, 2022

has agreed to buy mortgage servicing rights trading platform Blue Water Financial Technologies for a cool $101 million. Voxtur, which has been on a buying binge over the last few years, plans to combine Blue Water’s capital markets SaaS platform with its own constellation of real estate solutions.

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Technology Equity Investor Construction 343

Housing Wire

MARCH 23, 2021

million shares to the investment banks underwriting the initial public offering. If Compass succeeds in selling shares at $24.50, that calculates to $951 million raised, once share discounts to underwriting banks are factored in. would give the brokerage a “fully diluted market value of $12.5 billion market cap.

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Marketing Brokerage Residential Banks 349

Housing Wire

SEPTEMBER 13, 2023

The mortgage servicing rights (MSR) market has been very active this year, with robust deal flow that is on par with last year’s record $1 trillion in trading volume and with generally good pricing for MSR packages, industry experts agree. He agrees that the high end of pricing for MSRs now is in the 5.5

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Due diligence Marketing Loans Mortgages 392

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.

Technology 358

Technology Equity Banks Design 358

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. Take a look at the full list of winners below to see their accolades and achievements that are helping to move the housing market forward.

Technology 439

Technology Development Title Lending 439

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. The transaction will broaden nCino’s serviceable addressable market by over $4 billion.

Banks 408

Banks Technology Equity Development 408

Housing Wire

JULY 31, 2022

As of January 2022, 92% of all eNotes registered with MERS were created and registered with Wolters Kluwer technology. Wolters Kluwer provides lenders with a compliant solution from doc prep through selling eNotes on the secondary markets. Simon Moir – Vice President, Banking Compliance Solutions.

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Lending Equity Technology Banks 355

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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Sales Mortgages Loans Loan Officer 361

Housing Wire

JULY 15, 2022

Rocket Companies ‘ subsidiary Edison Financial will rebrand as Rocket Mortgage next month in Canada, a market with more than $760 billion (CAD) in mortgage originations annually. Rocket’s expansion comes amid an expected slowdown in Canada’s housing market. It previously acquired Lendesk, a Canadian fintech company.

Brokerage 400

Brokerage Mortgages Banks Lending 400

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. With NGC’s acquisition of Inco-Check, the company aims to enhance loan quality and prevent fraud in a competitive mortgage and consumer lending market, Inco-Check said.

Equity 349

Equity Investor Lending Technology 349

Housing Wire

NOVEMBER 17, 2022

Of those issuers already compliant with RBCR, many have ample equity capital to support the acquisition of MSRs that may come on the market.” According to Bosley, the top 20 or 25 issuers control most of Ginnie Mae’s servicing, and banks are already not excited about servicing these loans. . multiple market.

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Marketing Lending Loans Principal 401

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 378