Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

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Housing Wire

MAY 17, 2023

Recent home price declines are leading to decreased tappable equity, but there are still opportunities in home equity lending, according to a report published by Home Equity Lending News. Tappable home equity is expected to decrease to a forecasted $18.1 However, given that home-equity originations were less than $0.5

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Housing Wire

JUNE 20, 2023

Mike Cagney’s Figure Technologies rolled out a wholesale lending platform that will give loan originators access to the company’s home equity line of credit (HELOC) offering. Cagney’s attempt to bring blockchain technology to mortgage lending at scale dates back to August 2021.

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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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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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Housing Wire

MARCH 20, 2024

Figure Lending LLC is now operating under the umbrella of Figure Technology Solutions , independent of CEO Mike Cagney ’s Figure Technologies. Figure Technologies launched a wholesale lending platform in June 2023 that gives loan originators access to the company’s home equity line of credit (HELOC) offering.

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Housing Wire

DECEMBER 12, 2022

I , a blank check company affiliated with fintech Figure Technologies , plans to merge with a warehouse lender and bank holding company to potentially bring blockchain technology to the financial institution. Figure Technologies raised $1.6 Figure Acquisition Corp.

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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.

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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. “Nearly half — 46% — said that building equity is now more important than ever. .

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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

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. Employees on the technology, marketing and human resources teams are on the list.

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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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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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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 Blend platform revenue is projected to be around $28.5 And it may impact the short term.

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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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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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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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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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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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Housing Wire

OCTOBER 11, 2023

Roostify, which powers the digital mortgage platforms of TD Bank , Guild Mortgage , HSBC Bank USA and more, allows different lending parties to bring in data and information from online sources. The product is integrated with digital solutions from ICE Mortgage Technology , Equifax , Formfree and Lender Price.

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Housing Wire

FEBRUARY 17, 2023

Fintech Figure Technologies will partner with NovaWulf Digital Management to provide blockchain technology solutions for a proposed reorganization of troubled crypto lender Celsius. NewCo is expected to be a public reporting company that is initially 100% owned by Celsius creditors with its common equity provided in a tokenized form.

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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. In June, Figure rolled out a wholesale lending platform that gives loan originators access to the company’s home equity line of credit (HELOC) offering.

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Housing Wire

FEBRUARY 22, 2023

Leading property data and analytics company CoreLogic has acquired Roostify , a digital mortgage technology provider. Roostify, which powers the digital mortgage platforms of TD Bank , Guild Mortgage , HSBC Bank USA and more, allows different lending parties to bring in data and information from online sources.

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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.

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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

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

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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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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. Servicers must be powered by nimble technology to be heroes to borrowers, stalwarts to investors, and stewards of consumer protection to regulators. Presented by: Sagent Lending Technologies.

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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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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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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 court more clients, Rocket launched products targeted at accumulated home equity levels and potential homebuyers who face affordability challenges.

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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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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

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

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.

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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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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.

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