Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. Both firms will maintain their existing brands and teams.

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Investor Sales Mortgages Loan Officer 297

Housing Wire

FEBRUARY 10, 2023

The performance was impacted by a mark-to-market of $58 million, adjustments related to severance and property consolidation of $23 million, and equity investment losses of $10 million. trillion in unpaid principal balance (UPB) that needs to be sold in the market. Cooper expects a cycle-wide opportunity for MSR acquisitions this year.

Principal 302

Principal Mortgages Lending Equity 302

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. .

Marketing 380

Marketing Lending Loans Principal 380

Housing Wire

JULY 22, 2022

Just weeks later, a leaked text message from Flagstar Bank provided an inside look at how dire the current climate is for many non-QM lenders. The bank calls out 16 non-QM lenders in the text message, indicating it is ramping up scrutiny of its loan reviews, prior to advancing warehouse funding.

Lending 372

Lending Banks Bankruptcy Loans 372

Housing Wire

JANUARY 13, 2021

As part of its Flood Services business, CoreLogic completes flood zone determinations for banks and mortgage companies to support their compliance with the mandatory purchase requirements. The technology will also need to facilitate quick decisioning, while helping servicers remain complaint. Presented by: CoreLogic.

Mortgages 432

Mortgages Investor Loans Technology 432

Housing Wire

JUNE 15, 2022

. “Rates are materially, definitely increasing faster than we were anticipating,” Saket Nigam, senior vice president of capital markets at Spring EQ , a home equity lender, said. Six months ago, at a rate of 2.87%, borrowers would pay $2,497 per month for principal, interest, taxes and insurance on a $450,000 house.

Mortgages 381

Mortgages Loans Investor Equity 381

Housing Wire

NOVEMBER 16, 2022

But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Still, consolidation is clearly underway in the mortgage banking industry already. By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 trillion to $1.7

Banks 403

Banks Mortgages Loan Officer Due diligence 403

McKissock

FEBRUARY 13, 2023

He is the principal expert for all matters related to residential property appraisals and valuation solutions at Veros. Jeff is also a member of the Appraisal Foundation’s Diversity, Equity, and Inclusion committee and the Industry Advisory Council (IAC) taskforce.

VA loan 85

VA loan Principal Development Title 85

Housing Wire

SEPTEMBER 10, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. Patrick Conroy, principal at Washington, D.C.-based Register for the FinLedger Daily Newsletter.

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Title Branding Principal Loans 245

Housing Wire

APRIL 24, 2024

Additionally, its return on tangible common equity rose to 14.5% The company has started the year with excellent momentum, including return on tangible common equity rising to 14.5%,” Chairman and CEO Jay Bray said in a statement. billion in unpaid principal balance (UPB). in Q1 2024, up from 12.5% in the fourth quarter of 2023.

Equity 311

Equity Lending Principal Technology 311

McKissock

FEBRUARY 13, 2023

He is the principal expert for all matters related to residential property appraisals and valuation solutions at Veros. Jeff is also a member of the Appraisal Foundation’s Diversity, Equity, and Inclusion committee and the Industry Advisory Council (IAC) taskforce.

VA loan 52

VA loan Principal Development Title 52

Housing Wire

DECEMBER 29, 2023

Strategies for 2024 I’m heavily focused on recruiting , improving technology and marketing, empowering the loan officers — by giving them the same technology and marketing support. Jon Overfelt, director of sales and principal at American Security Mortgage Corp. Home equity is really a no-brainer today.

Mortgages 441

Mortgages Loan Officer Loans Equity 441

Redfin

JULY 11, 2023

You then make monthly payments, including principal and interest, over an agreed-upon term (usually 15 to 30 years) until the loan is fully repaid. Once the borrower’s equity reaches 20%, PMI can be canceled. These may include proof of income, bank statements, employment verification, credit history, and debt information.

Pre-approval 59

Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

Housing Wire

FEBRUARY 9, 2024

trillion of unpaid principal balance (UPB) in mortgage servicing rights (MSR) by the end of March, a target announced in July 2021 when the portfolio was at $650 billion. You have to build and invest in technology. Dallas-based Mr. Cooper is expected to reach $1.1 It ’s a scale business. The key for us is sustainability.

Loans 379

Loans Principal Equity Banks 379

Real Trends

MAY 13, 2022

“Title and other services were high because of these referral relationships between real estate agents and the settlement service providers,” said Holly Spencer Bunting, who is a lawyer at Mayer Brown and represents businesses on mortgage banking and consumer finance matters. Communicate with me, with the principals in the transaction.

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Title Brokerage Agents Mortgages 75

Marco Santarelli

MARCH 30, 2023

This can be especially attractive during periods of rising inflation because the principal value of the bond is adjusted to reflect changes in the Consumer Price Index (CPI), which measures inflation. TIPS provides a fixed rate of return, plus a portion that adjusts for inflation.

Investor 40

Investor Loans Banks Mortgages 40

Housing Wire

JANUARY 7, 2021

Webhooks take automation one step further and deliver up-to-date, relevant details directly to the user,” said Scott Happ, president, Black Knight Secondary Marketing Technologies. Mortgage compliance software provider QuestSoft was acquired by Ncontracts , a Tennessee-based risk management software company, for an undisclosed amount.

Mortgages 233

Mortgages Lending Loans Investor 233

Toronto Realty Blog

JANUARY 5, 2023

Call that a “change in technology,” if you will, comparing 1986 to 2022, but the Christmas Boxes were a success! Foregoing Christmas gifts is a great way to save a thousand bucks or more, and I’d rather spend that on the kids, or bank it. So he’s not without equity. Same goes for my wife. womp womp).

Banks 80

Banks Mortgages Bankruptcy As-is 80

Toronto Realty Blog

JANUARY 1, 2022

6) Will buying equities or crypto become sexier than real estate? It’s technologically advanced. There’s an argument to be made that if buying real estate over buying equities was the 2012 version of cool, then buying crypto is the coolest in 2022. Buy each of the five major bank stocks. It’s 2022.

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Construction Investor Equity Land 100

HomeLight

APRIL 30, 2022

Buying a house is still one of the most stressful and time-consuming processes in the modern world, even with the advent of technology. Type in your address on the site to estimate your home’s value, track equity, calculate potential home sale profit, and view local market trends. Home insurance portals.

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Closing MLS Pre-qualification Due diligence 87

Realtor.com

APRIL 5, 2021

From individuals with smartphones and a few thousand dollars to pensions and private-equity firms with billions , yield-chasing investors are snapping up single-family houses to rent out or flip. Stung by losses, banks made it harder for regular home buyers to get a mortgage. There wasn’t much competition.

Investor 59

Investor Finance Banks Principal 59

HomeLight

JANUARY 31, 2022

For many adults who are accustomed to renting the places they call home (and equally accustomed to dealing with the hassles that come with it — short-term leases, zero financial equity, and, ahem, landlords) first-time homeownership can feel like an impossible dream; they don’t teach you how to save to buy a house in school, unfortunately.

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Loans As-is Mortgages Agents 87

Marco Santarelli

AUGUST 3, 2020

There is a lot of construction activity going on especially in the entry-level single-family homes to satisfy the principals of supply and demand. According to KSAT12, job growth in the region is specifically focused within several pivotal sectors, including technology and cybersecurity. Graph Credits: Realtor.com.

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Marketing Investor Sales Construction 124

Notorious ROB

DECEMBER 19, 2022

The top portal in real estate with a fledgling mortgage operation versus the Masters of the Universe, Too Big to Fail banks and all their friends. billion in equity to support its own BTR strategy, partnering with Centerbridge and Allianz Real Estate. However, those 13,000 Principal Agents have a lot of money. Finally, D.R.

MLS 79

MLS Agents Pre-approval Brokerage 79

Patch of Land

AUGUST 27, 2018

It speaks to the importance of technology in CRE - especially by crowdfunding sites that are allowing more investors to enter the commercial investment space. We’ve returned every dime of principal to investors on our site.”. The following article was originally featured in the quarterly newsletter for CREW.

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Due diligence Investor Commercial Land 28

Housing Wire

FEBRUARY 7, 2022

Independent mortgage banks have been “completely blindsided” by the increase in enforcement activity, said Daniella Casseres, who leads the mortgage regulatory practice group at law firm Mitchell Sander. As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality.

Banks 353

Banks Lending Loans Mortgages 353