Housing Wire

JULY 31, 2023

Flagstar Bank , a top-25 U.S. Flagstar made news in recent months, expanding its footprint and further diversifying its business model with the completion of the merger with New York Community Bancorp (NYCB) and the acquisition of certain financially and strategically complementary parts of Signature Bank.

Banks 370

Banks Mortgages Commercial Lending 370

Housing Wire

MARCH 21, 2024

Mike Fratantoni , the chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA), addressed three major challenges in the housing market during testimony before the U.S. banks in comparison to international standards.

Industrial 419

Industrial Banks Residential Lending 419

Housing Wire

JANUARY 25, 2024

California-headquartered LoanSnap was hit with a temporary order to cease and desist from Connecticut’s Department of Banking for “systemic” unlicensed mortgage loan origination activity. These individuals also received inbound calls from individuals interested in obtaining mortgage loans, the order stated.

Loan Officer 406

Loan Officer Loans Banks Title 406

Housing Wire

JANUARY 23, 2024

a provider of property data and valuation technology solutions. Consolidated Analytics serves clients in financial services, mortgage lending, servicing and capital markets, including banks, government-sponsored enterprises (GSEs) and originators. Financial services firm Consolidated Analytics acquired Real Info, Inc. —

Due diligence 437

Due diligence Residential Real-estate owned Lending 437

Housing Wire

FEBRUARY 13, 2024

REdistribute provides clean, timely, highly compliant, and accessible listings data, which complements our comprehensive property data solution for banks, portfolio managers, government agencies and others who need access to the best, most up to date information on the housing market.”

MLS 407

MLS Technology Mortgages Banks 407

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. In April, MeridianLink paid roughly $28 million to acquire StreetShares , which provides lending technology to banks and credit unions.

Mortgages 417

Mortgages Lending Technology Banks 417

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%. HELOCs have easily been the product with the largest increase in [loan]-trading volumes.”

Equity 462

Equity Lending Banks Loans 462

Housing Wire

NOVEMBER 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported an adjusted operating income of $131 million in the third quarter of 2023, up from Q3 2022’s $126 million — despite the headwinds the mortgage industry is facing. The mortgage technology division at ICE posted $330 million in total revenue in the third quarter, up about 19.6%

Industrial 312

Industrial Mortgages Technology Loan Officer 312

Housing Wire

SEPTEMBER 23, 2020

Loan servicers operate between a rock and a hard place today. OK, but then the current economic climate adds levels of complexity, with loan modifications, forbearances and confusion about compliance. They must do all that, while also remaining compliant in handling, notifying borrowers of options or modifying the loan.

Loans 370

Loans VA loan Lending Technology 370

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. After all, it still takes 43 days, on average, to close a loan.

Mortgages 407

Mortgages Banks Technology Finance 407

Housing Wire

MAY 2, 2021

Real estate technology has changed rapidly over the last few years, and property valuation is no exception. Today, borrowers and lenders alike expect an easy and expedited home loan experience. QVM Insights is an easy-to-use, accurate and technology-driven way to manage the appraisal piece of the “supply chain.”

Technology 236

Technology Inspection Loans Banks 236

Housing Wire

AUGUST 17, 2023

5000 list was VA Wholesale Mortgage , which specializes in offering home loans to veterans and active duty military members. 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. Zap Mortgage (no.294)

Mortgages 370

Mortgages Loan Officer Fixed-rate mortgage Loans 370

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. territories.

Due diligence 406

Due diligence Marketing Mortgages New Construction 406

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. Cagney’s attempt to bring blockchain technology to mortgage lending at scale dates back to August 2021. Figure Acquisition Corp.,

Bankruptcy 366

Bankruptcy Equity Technology Lending 366

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 383

Equity Technology Investor Residential 383

Housing Wire

FEBRUARY 14, 2024

Additionally, modern mortgage servicing software and Application Programming Interfaces (APIs) automate investor reporting and compliance and create a more efficient workflow, effectively allowing servicers to service loans in-house to maximize their advantages. These benefits add up to a decisive competitive advantage for these institutions.

Investor 405

Investor Loans Mortgages Principal 405

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. Presented by: Wolters Kluwer.

Lending 383

Lending Technology Finance Commercial 383

Housing Wire

JULY 28, 2022

With the acquisition, Xactus will offer flood zone determinations to its clients by using its proprietary flood data and technology products, the firm said Wednesday. Mortgage lenders are required to determine a property’s flood risk and decide whether flood insurance will be required as a condition for a loan.

Banks 370

Banks Lending Technology Loans 370

Housing Wire

AUGUST 31, 2022

Xactus, which says it has more than 6,500 clients including bank and nonbank mortgage originators, uses its proprietary technology platform to close loans quickly. In June, the verifications solutions provider rolled out a monitoring program that scans residential addresses for changes in listing status.

Lending 370

Lending Technology Loans Banks 370

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. How lenders will benefit from Proctor Financial’s acquisition of Loan Protector. Presented by: Proctor Loan Protector. billion in assets at the end of 2020.

Mortgages 370

Mortgages Lending Banks Loans 370

Housing Wire

AUGUST 16, 2022

Trius Lending, a local direct and hard-money lender specializing in residential investment, attributed its rapid success to customizing to investors’ needs. According to the firm, the core business at Trius Lending is residential rentals or properties for fix-and-flip. Several of the top 10 HMDA lenders by volume were on the Inc.

Mortgages 370

Mortgages Lending Investor Loans 370

Housing Wire

AUGUST 28, 2023

CEO Vishal Garg said in an interview with HousingWire that the company targets mortgage marketplace and white-label technology models. on Thursday — funded a loan volume of $1.7 billion across 4,768 loans in the first six months of 2023. Better’s funded loan volume of $1.7 bank – in April 2023.

Purchase and sale agreement 370

Purchase and sale agreement Loans Banks Finance 370

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. The Towd Point deal involved HELOCs as well as CES loans originated by nonbanks Rocket Mortgage and Spring EQ.

Equity 383

Equity Lending Loans Banks 383

Housing Wire

JULY 28, 2022

In light of this, HousingWire recently caught up with Teraverde Chief Technology & Innovation Officer Rob Peterson to learn more about the key to lender profitability in today’s lending environment. Rob Peterson: Most segments of the economy have effectively adopted technology to reduce their costs. Louis computes a 34.7%

Technology 395

Technology Lending Loans Residential 395

Housing Wire

MARCH 9, 2022

Edgemac , which Incenter acquired at the end of last year, does due diligencing for mostly non-QM and jumbo loans, as well as private label reverse mortgages that could eventually be securitized. Edgemac’s clients span banks, investment banks, Trustees, investors, government entities and mortgage companies. Learn here!

Due diligence 366

Due diligence Loans Banks Mortgages 366

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).

Equity 383

Equity Marketing Fixed-rate mortgage Finance 383

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. In 2023, the survey found that 58.6% were women.

Mortgages 427

Mortgages Title Marketing Lending 427

Housing Wire

NOVEMBER 11, 2020

Lenders need to be able to grow their business in a way that is not linear and is not tied to the market cycles – leveraging automation technology can help. LoanDepot, which has a reputation for investing heavily in technology, was the sixth-largest mortgage lender in 2019 , issuing 146,000 originations. Presented by: Indecomm Global.

Equity 427

Equity Technology Lending Mortgages 427

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 417

Mortgages Loan Officer Lending Loans 417

Housing Wire

SEPTEMBER 28, 2020

He hired thousands of workers at UWM’s 60-acre headquarters outside Detroit, championed the resurrection of the independent mortgage broker , rolled out a suite of new technologies , had a few dust-ups with hometown rival Quicken Loans (now Rocket), and generally ate the lunch of legacy banks and Wall Street-backed competitors alike.

Technology 407

Technology Mortgages Banks Residential 407

Housing Wire

OCTOBER 9, 2020

During the half-hour discussion, the panelists offered their takes on capital market appetite by channel, touching on the rise of the nonbank, regulatory challenges, IPOs, adaptation and technology, the upcoming adverse-market fee, MSR value and even the forbearance timelines. ” The banking tech laggard. .”

Marketing 370

Marketing Banks Investor Technology 370

Housing Wire

OCTOBER 4, 2022

Bank of America. Anchor Loans. Built Technologies. Chief Technology Officer. Senior Executive Vice President, President of Residential Servicing and Correspondent Lending. Altitude Home Loans. SRE Technologies. Chief Technology Officer. ICE Mortgage Technology. AJ Franchi. Alex Lofton.

Lending 407

Lending Technology Finance Mortgages 407

Housing Wire

APRIL 16, 2021

Blend’s white label technology is what powers mortgage applications on the site of banks such as Wells Fargo and U.S. Bank and integrated with CoreLogic in 2019 for an easier access line to borrowers’ credit. In all, its technology platforms saw $1.4 trillion in mortgages and other loans in 2020, Blend said.

Banks 353

Banks Lending Technology Mortgages 353

Housing Wire

APRIL 26, 2022

Karl Jacob, CEO and co-founder of LoanSnap , said the cyrpto-mortgage system his company has developed can originate more than just loans that LoanSnap mints. Our system I think is good enough that it can do not just the loans that we originate, but [loans originated by] other people,” Jacob said. It’s an open platform.

Due diligence 446

Due diligence Mortgages Equity Loans 446

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 393

Mortgages Investor Technology Banks 393

Housing Wire

NOVEMBER 16, 2021

The Newport Beach, California company has so far this year issued three-private-label transactions backed by home equity lines of credit and home-equity loans tied to a mix of performing and reperforming loans. The loans are serviced by Rushmore Loan Management Services.”. As of the end of September, it had some $2.2

Equity 406

Equity Investor Marketing Title 406

Housing Wire

MARCH 10, 2023

A host of nonbanks and traditional depository lenders, such as banks and credit unions, as well as a growing number of fintech firms continue to ramp up efforts and product lines to meet that demand. As of March 8, according to Commerce Bank , the prime rate was 7.75%. The Fed report is a measure of loan balances, not originations.) “The

Equity 370

Equity Marketing Debt-to-income ratio Lending 370