Housing Wire

APRIL 13, 2022

Despite advances in technology, the mortgage industry still lacks efficiency. Mortgage executives are aware of a problem: despite billions of dollars in technology investments , the mortgage industry still largely looks like it did two decades ago. He added: “We have a tremendous amount of proprietary technology being built.

Mortgages 398

Mortgages Banks Technology Finance 398

Housing Wire

APRIL 4, 2022

SitusAMC on Monday announced the launch of its Warehouse Administration Services, “a comprehensive suite of technology-enabled turnkey services” that it says will help warehouse lenders reduce costs by as much as 30%, according to a company-issued news release. What are the building blocks of digital lending? Presented by: Wolters Kluwer.

Lending 357

Lending Technology Finance Commercial 357

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. We’re really looking at rates [in 2024] staying above 6.5% 16 in the most recent rankings.

Equity 455

Equity Lending Banks Loans 455

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. Redwood is not backing away from its venture capital pursuits.

Equity 371

Equity Technology Investor Residential 371

Housing Wire

AUGUST 8, 2022

Chief Operating Officer Rob Lux was named co-CEO for operations, technology, business development, client management, human resources, and legal. Meanwhile, Jim Daras, who will also serve as president, will be the co-CEO for banking, capital markets, finance and risk activities.

Banks 353

Banks Finance Mortgages Residential 353

Housing Wire

APRIL 28, 2021

The parent company of Veritex Community Bank will acquire a 49% stake in Texas-based mortgage lender Thrive Mortgage , the firms announced late Tuesday afternoon. Veritex is one of Texas’ largest banks, with $8.8 billion purchase of Caliber Home Loans , New York Community Bank ‘s pending $2.6 It posted net income of $31.8

Mortgages 366

Mortgages Lending Banks Loans 366

Housing Wire

OCTOBER 4, 2022

Bank of America. Built Technologies. Chief Technology Officer. Senior Executive Vice President, President of Residential Servicing and Correspondent Lending. Housing Finance Strategies. SRE Technologies. Finance of America Mortgage. Take look through the list below to see this year’s winners.

Lending 407

Lending Technology Finance Mortgages 407

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). billion have been completed involving HELOCs as collateral.

Equity 379

Equity Marketing Fixed-rate mortgage Finance 379

Realty Biz

MARCH 15, 2021

While blockchain has already been used in sectors like finance and logistics for many years, the technology is now being leveraged within the real estate sector. Using cryptocurrencies to purchase real estate without using banks has already been happening over the last decade. Image Credit: Unsplash. Intermediaries.

Technology 145

Technology Due diligence Title Marketing 145

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 347

Purchase and sale agreement Loans Banks Finance 347

Housing Wire

JULY 12, 2021

Trussle’s investors include American bank Goldman Sachs and Amsterdam-based venture capital fund Finch Capital. trillion residential mortgage market. It will utilize Better’s technology to source and execute deals. via a high street bank,” Garg said. “We Founded in 2015, Trussle has raised £26.7m ’s $1.5

Brokerage 401

Brokerage Mortgages Loan Officer Banks 401

Housing Wire

JUNE 1, 2021

You may have never heard of Christy Budnick, but she is suddenly one of the most powerful people in residential real estate. Budnick replaces Chris Stuart, who took a job as president of Place , a real estate technology platform for both brokers and agents. a company with a market value of nearly $700 billion.

Brokerage 254

Brokerage Technology Banks Residential 254

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. We’re not huge, but we’re not small either.”. They are Vesta Equity , Oasis Pro Markets and Liquid Mortgage.

Due diligence 450

Due diligence Mortgages Equity Loans 450

Housing Wire

MARCH 29, 2023

Securitization of HELOCs had been a small part of the RMBS [residential mortgage-backed securities] market in the pre-financial crisis period, but issuance was still relatively commonplace until 2007,” states a fall 2022 DBSR Morningstar report focused on the securitization market for HELOCs. to 2 points.”

Equity 368

Equity Lending Loans Banks 368

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. The tech solution giving community lenders an advantage.

Mortgages 337

Mortgages Investor Technology Banks 337

Housing Wire

SEPTEMBER 30, 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. Technology-induced innovation is the ethos of the proptech industry. arm of global investment bank GCA. Anything above $15.5

Property Management 370

Property Management Branding Banks Technology 370

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 421

Mortgages Loan Officer Lending Loans 421

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. Hurst: Over the first few years of our venture investment activities, we predominantly invested in new models for engaging customers and stakeholders in the residential purchase market. As of Sept.

Title 358

Title Mortgages Commercial Technology 358

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 458

Lending Branding Mortgages Loans 458

Housing Wire

APRIL 3, 2023

The funding has allowed the firm to grow exponentially, de-throning residential real estate’s two biggest brokerages— Anywhere Real Estate and Berkshire Hathaway Homeservices —in just over a decade. Layer in the instability in the banking ecosystem right now, and it’s even more challenging. billion and it had $1.5 Although it had $6.6

Banks 337

Banks Brokerage Closing As-is 337

Housing Wire

SEPTEMBER 23, 2020

Besides customer experience challenges, consumer fears and frustrations due to increased uncertainty around expiration of unemployment benefits and general economic concerns may continue to drive residential mortgage forbearance requests and delinquencies. Technology companies step up. Technology companies step up.

Loans 358

Loans VA loan Lending Technology 358

RIS Media

MARCH 31, 2022

Second Century Ventures, the strategic investment arm of the National Association of REALTORS® and the real estate technology fund, has announced the acceptance of 11 companies to the 2022 REACH UK program. Solutions for the Residential Sector. Solutions for the Commercial Sector.

Technology 98

Technology Commercial Finance Development 98

Housing Wire

FEBRUARY 14, 2023

Once the decision is made to retain servicing, the institution must then provide staff, technology and processes based on best practices. Additionally, borrowers can log into online banking to view their statements electronically.

Loans 351

Loans Investor Mortgages Principal 351

Realty Biz

NOVEMBER 21, 2023

Director since 2007, participating in various committees at the state level, including Executive, Legislative, Federal, and Strategic Planning & Finance. With over 20 years of experience as a REALTOR®, she specializes in residential properties with The RECollective in Palm Springs and San Diego communities. President-elect.

Finance 89

Finance Banks Residential Investor 89

Housing Wire

NOVEMBER 30, 2021

He stressed that is across all facets of the organization, including underwriters for residential mortgage originations and private-label securitizations as well as the firm’s commercial operations. “We A recent report from the Federal Reserve Bank of New York illustrates the explosion of mortgage originations during the past year.

Due diligence 381

Due diligence Mortgages Loans Residential 381

GeekEstate

SEPTEMBER 20, 2022

CubiCasa : Its technology is used in 172 different countries and has helped create over 1 million floor plans to date. CubiCasa provides technology for the real estate, appraisal, and mortgage industries and is on a mission to digitize real estate. Renters can earn cash back and build savings through financial tips and tools.

Inspection 119

Inspection Property Management Technology Agents 119

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. Orchard has also raised a total of $220 million in debt financing since its September 2017 inception. Register for the FinLedger Daily Newsletter.

Title 254

Title Branding Principal Loans 254

Housing Wire

DECEMBER 16, 2021

And today, unlike many other mortgage lenders, we reenter the residential mortgage origination market without any legacy challenges.”. In fact, the lender boasted of its ability to train people with no background in mortgage banking to be top-notch LOs through a rigorous training course paid for by Interfirst.

Mortgages 363

Mortgages Loan Officer Loans Technology 363

RIS Media

MARCH 11, 2022

Gino Blefari , CEO of HomeServices of America, will deliver this important look at the current landscape for residential real estate, what to expect heading into the 4th quarter, and how things might change in 2023. Bank of America. Elm Street Technology. Lone Wolf Technologies. Title Sponsor. Diamond Sponsors.

MLS 105

MLS Brokerage Technology Industrial 105

Housing Wire

MARCH 15, 2024

Let’s face it: joint ventures (JVs) and affiliated business arrangements (ABAs) are all the rage in the residential real estate space right now. So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? And why not? CREs need not go it alone.

Commercial 403

Commercial Brokerage Due diligence Title 403

Housing Wire

APRIL 26, 2021

New York Community Bank , one of New York City’s largest multifamily lenders, is set to diversify its business strategy with the acquisition of Michigan-based retail bank Flagstar Bancorp. The bank’s stock price was trading at a 26% discount to book value in late January. according to Inside Mortgage Finance.

Banks 384

Banks Branding Commercial Loans 384

McKissock

MAY 10, 2023

You may be skilled at marketing, spreadsheets, regression analysis, technology, creating websites, using social media, or managing an office. Traut recommends considering other entry-level and contracting jobs, such as completing quality-control reviews or managing appraisal orders for a bank or an AMC. It’s to uphold the public trust.

Banks 86

Banks Property Management Commercial Land 86

Realty Biz

FEBRUARY 2, 2021

Question from Greg in NC: Hello Brian, I have a tremendous opportunity to work with one of the best residential real estate investors in our town. A line of questioning that you want to ask early is his preferred source of financing (banks, private lenders, seller financing, money partners, etc.).

Investor 76

Investor Technology Residential Finance 76

Housing Wire

JUNE 2, 2022

Morgan CEO Jamie Dimon is famously no fan of crypto, the bank dove into the enigmatic world of blockchain-based finance in 2020 with the launch of Onyx , a business unit devoted to exploring and expanding the use of blockchain technologies. . also recognize the industry-changing potential of blockchain-enabled technology. .”

Equity 394

Equity Due diligence Technology Investor 394

Housing Wire

AUGUST 15, 2023

Lind points to Finance of America Mortgage , First Guarantee Mortgage Corp. I think we’re seeing more business today because of what’s going on with the regional banks, the PacWests of the world, who we’re competing with for loans on a daily basis, just as an example,” Lind said. It’s a double-edged sword,” Lind explained. “We’re

Lending 349

Lending Banks Investor Loans 349

Norada Real Estate

JANUARY 27, 2023

When it comes to investing in residential real estate, there are only two basic types of property you can invest in – new construction and resale. If your investment focus is on pre-foreclosure, foreclosure, bank-owned property (REOs), or probate sales then you are likely to be purchasing resale properties.

New Construction 52

New Construction Construction Probate sale Investor 52

Housing Wire

AUGUST 21, 2023

LoanStar Technologies , which connects lenders with borrowers who are traditionally underbanked or unbanked, also made the list again. Year Founded Description 98 OptiFunder 4,767% 2018 Finance company helping independent mortgage lenders choose among funding options and streamline the process. The company was ranked 351 last year.

Equity 367

Equity Technology Investor Lending 367