Housing Wire

MARCH 19, 2024

Fifth Third Bank, an Ohio-based regional bank, moved its origination and servicing operations to Intercontinental Exchange (ICE) Mortgage Technology ’s end-to-end mortgage technology ecosystem, the companies announced on Tuesday.

Technology 421

Technology Banks Mortgages Equity 421

Housing Wire

MAY 21, 2025

Mortgage lending has long catered to a bygone era of steady paychecks and W-2 forms, leaving millions of self-employed and gig economy workers underserved. But as the gig economy booms, lenders are finding success in the nonqualified mortgage ( non-QM ) sector by engaging with AI-powered tools like Prudent AI.

Mortgages 319

Mortgages Loan Officer Banks Loans 319

Housing Wire

MAY 27, 2025

Banking and mortgage technology company nCino made a large reduction in force (RIF) ahead of its quarterly earnings call on Wednesday. “To exceed market demands, technology alone won’t allow us to move faster, we need to be intentional about eliminating overage, redundancies and bureaucracy.”

Technology 335

Technology Banks Commercial Mortgages 335

Housing Wire

MARCH 11, 2025

Federally registered broker and correspondent lender Milestone Mortgage Solutions has acquired Willow Home Loans and is looking to join the $1 billion origination club this year. “With this technology , we’re going to be able to flip the script. Bristol County Savings Bank bought into Milestone in 2022. ”

Loans 369

Loans Mortgages Loan Officer Technology 369

Housing Wire

NOVEMBER 18, 2024

In preparation for widespread credit scoring changes , leading credit-score and data analytics company VantageScore has launched a Mortgage Resource Center to support lenders transitioning to the VantageScore 4.0 Department of Veterans Affairs (VA) and the Federal Home Loan Banks (FHLBs) in New York, Chicago and San Francisco.

Mortgages 394

Mortgages Principal Banks Loans 394

Housing Wire

FEBRUARY 3, 2025

The Tech100 Mortgage award recognizes the most innovative and impactful organizations driving the mortgage industry forward. More than just an accolade, this award highlights organizations that are transforming the housing sectorenhancing efficiency, transparency, and accessibility in ways that reshape the future of mortgage lending.

Mortgages 392

Mortgages Title Lending Loans 392

Housing Wire

APRIL 8, 2025

Income verification Truework today announced the appointment of Randy Lightbody as its head of mortgage, a position that the company describes as being “newly created.” He also co-founded the AI -powered mortgage underwriting system Candor and held the role of Managing Director at Accenture.

Due diligence 344

Due diligence Mortgages Technology Banks 344

Housing Wire

NOVEMBER 15, 2024

Rocket Companies ’ third-quarter earnings call offered a glimpse into a key element of its 2025 strategy for Rocket Mortgage — driving profits through ridiculously high recapture rates and an expanding servicing portfolio. Here’s HousingWire’s early look at Rocket Mortgage’s 2025 recapture play strategy.

Mortgages 369

Mortgages Equity Loans Principal 369

Housing Wire

OCTOBER 22, 2024

Technology is the backbone upon which Real was built, and we continue to push the limits when it comes to leveraging artificial intelligence to deliver solutions that provide our agents and their clients with a strategic advantage,” Tamir Poleg , the CEO and chairman of Real, said in a statement. “Leo and Canada.

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Agents Brokerage Technology Staging 410

Housing Wire

DECEMBER 9, 2024

The reverse mortgage division of Rate formerly known as Guaranteed Rate recently announced the hiring of reverse industry veteran Jesse Allen as the president for Rates reverse lending division as the company heads into 2025. Naturally, this includes reverse mortgages, he explained. That role is an active one, Allen said.

Mortgages 368

Mortgages Lending Banks Industrial 368

Housing Wire

MAY 21, 2025

Amid a surge in AI adoption and mounting cybersecurity threats, only 51% of nonbank mortgage lenders say they feel fully prepared to handle compliance risk a warning sign in an industry that’s undergoing rapid digital transformation. That’s according to a new joint study from HFS Research and Cognizant.

Mortgages 260

Mortgages Lending Technology Loans 260

Housing Wire

DECEMBER 4, 2024

Top 10 mortgage lender Rate — previously known as Guaranteed Rate — announced a new promotion on Wednesday. The company named veteran mortgage professional Connie Lindsay as its senior vice president of mortgage lending in Washington state. Most recently, Lindsay served as a mortgage loan officer at U.S.

Lending 384

Lending Mortgages Loan Officer Loans 384

Housing Wire

FEBRUARY 6, 2024

Banks reported having tightened lending standards across almost all categories of residential real estate loans over the fourth quarter of 2023 amid an elevated interest rate environment. banks said they saw weaker demand for all types of residential real estate loans except for government (46.2%) and subprime mortgage loans (41.6%).

Residential 479

Residential Lending Banks Mortgages 479

Housing Wire

MARCH 24, 2025

26 in Dallas, provided valuable insights into the forces shaping the mortgage and housing markets in 2025. With economists, analysts and industry leaders in the room, discussions revolved around key economic indicators, inventory shifts, technology advancements and what lenders should be doing right now to prepare for the next cycle.

Technology 362

Technology Loan Officer Loans Banks 362

Housing Wire

APRIL 18, 2024

Florida-based First Federal Bank announced on Thursday that it struck a deal to acquire Watson Mortgage Corp., expanding its mortgage retail lending footprint in the communities in which it operates. Last year, the community bank originated about $435 million in mortgage volume, per mortgage data platform Modex.

Banks 421

Banks Mortgages Loan Officer Loans 421

Housing Wire

FEBRUARY 24, 2025

Cooper won’t be onboarding as many Flagstar Bank employees as initially projected in its $1.4 billion deal to acquire the depository bank’s residential mortgage servicing operations. The third-party originations team members will transition to non-QM lender A&D Mortgage. It now has north of $1.5

Banks 346

Banks Residential Mortgages Technology 346

Housing Wire

DECEMBER 5, 2023

When individual mortgages are originated by lenders like banks or credit unions , they may bundle groups of these mortgages together into financial vehicles called mortgage-backed securities (MBS) that are then sold to investors on a secondary market. If too many mortgages default, the MBS can lose significant value.

Technology 431

Technology Mortgages Loans Investor 431

Housing Wire

JANUARY 22, 2024

Customer intelligence and mortgage tech firm Polly named Troy Coggiola as its chief operating officer amid the company’s effort to scale. He has more than 25 years of mortgage technology and enterprise software experience with his latest stint being chief product officer at Accela , a government tech provider.

Technology 417

Technology Mortgages Loan Officer Loans 417

Housing Wire

MARCH 7, 2025

Hochul is seeking to mandate specialized training for bank tellers and other banking professionals in New York to identify and stop instances of elder financial abuse before they take place, according to a report from Newsday. Older Americans are often targets of financial scams by bad actors, and New York Gov.

Banks 364

Banks Finance Technology As-is 364

Housing Wire

OCTOBER 9, 2024

Cooper Group has made some changes to its technology leadership, led by the promotion of Sridhar Sharma to the roles of executive vice president and chief innovation and digital officer, the company announced on Wednesday. Mr. Cooper also hired Jeff Carroll from travel technology company Sabre Corp.

Technology 390

Technology Banks Principal Mortgages 390

Housing Wire

JANUARY 13, 2025

.” Chris Marshall Marshall brings 20-plus years of experience in mortgage operations and financial leadership. He currently serves as an executive chairman for servicing technology company Sagent , a role he will maintain after the transition. This came after the company acquired Flagstar Bank assets in July.

Banks 367

Banks Title Technology Industrial 367

Housing Wire

JULY 8, 2024

In the ever-evolving landscape of mortgage banking, executives face the critical challenge of leading their teams through turbulent times. The narrative gap Mortgage banking executives are tasked with bridging a significant narrative gap.

Banks 408

Banks Mortgages Industrial Technology 408

Housing Wire

OCTOBER 10, 2024

Mortgage lenders can also benefit from these projects through a variety of products, including home equity lines of credit (HELOCs). Data from ICE Mortgage Technology found that tappable home equity — the amount that a homeowner can draw from while keeping a 20% equity stake — rose to a record $17.6

Renovation 450

Renovation Equity Lending Banks 450

Housing Wire

DECEMBER 16, 2024

In an evolving mortgage market, mergers and acquisitions could give mortgage company owners opportunities to achieve growth and avoid challenges. In the first episode , Hanson explains how an owner can decide on selling a mortgage company to avoid potential market challenges in the future.

Loan Officer 367

Loan Officer Technology Loans Banks 367

Housing Wire

JANUARY 22, 2025

Online real estate marketplace Auction.com announced Wednesday that it is launching SmartSale, a technology-powered option to foreclosure that lets distressed homeowners list and sell their property. For those who are struggling to repay their mortgages, the process aims to help them avoid foreclosure and retain their home equity.

Proof of funds 370

Proof of funds Equity Technology Banks 370

Housing Wire

MAY 12, 2025

Bidding wars for producing mortgage loan officers are back with a vengeance and it’s largely in the hopes of capitalizing on an upcoming refinance wave, recruiters and executives tell HousingWire. Mortgage companies are competing for a shrinking pool of talent. So far, that bet hasnt paid off entirely.

Mortgages 310

Mortgages Loan Officer Lending Loans 310

Housing Wire

APRIL 10, 2024

Mortgage brokers ’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided. There are some caveats related to counseling services, referrals, and duplicative work.)

Banks 420

Banks Brokerage Mortgages Loans 420

Housing Wire

JUNE 26, 2024

Customer engagement platform Total Expert is launching a marketplace this week for financial institutions to build their marketing technology stack. Customers, including banks, lenders and insurance companies, will have access to data and action systems under “one roof.” That is not our model,” Welu said.

Technology 383

Technology Marketing Banks Mortgages 383

Housing Wire

FEBRUARY 8, 2024

This week, Mortgage Cadence announced that it had appointed longtime reverse mortgage industry professional George Morales to serve on its sales team. The company is aiming to bring more reverse mortgage technology solutions to potential partners already in the industry and those that have yet to enter it.

Banks 409

Banks Mortgages Technology Branding 409

Housing Wire

JUNE 10, 2025

Reverse mortgage lender and servicer Longbridge Financial , a no. 2 industry player in reverse-backed securities issuance and one of the top two providers of proprietary reverse mortgage loans, is expanding its product suite beyond government-backed and proprietary reverse mortgages while remaining focused on older customers.

Equity 371

Equity Principal Development Mortgages 371

Housing Wire

JANUARY 8, 2025

At HousingWire s Mortgage Rates Center on Wednesday, the 30-year fixed rate averaged 7.11%, clouding the housing market outlook for 2025. The market for alternative loan products continues to grow but remains poised for disruption through technology and common-sense underwriting practices, Redwood CEO Christopher Abate said in a statement.

Equity 409

Equity Loans Lending Branding 409

Housing Wire

NOVEMBER 22, 2023

Mike Cagney’s financial technology firm Figure Technologies has taken another step to go public with its lending division, LendCo , hiring investment banks to coordinate the initial public offering (IPO), per a Bloomberg report. Figure and the banks declined to comment. JP Morgan Chase & Co. for the IPO.

Lending 430

Lending Banks Equity Technology 430

Housing Wire

AUGUST 14, 2024

Executives at Swiss bank UBS said on Wednesday that they’ve struck a deal to sell Credit Suisse ’s U.S. According to Inside Mortgage Finance (IMF), SPS was the 20th-largest U.S. primary mortgage servicer at the end of June, handling $166.7 According to Inside Mortgage Finance (IMF), SPS was the 20th-largest U.S.

Banks 410

Banks Closing Principal Residential 410

Housing Wire

MAY 20, 2025

John Toohig stood at a podium as the moderator of a panel about home equity lines of credit (HELOCs) and asked an illustrative question of the audience of mortgage professionals. How many of you have a mortgage first lien, 30-year with a 4% coupon or lower? But according to panelist Julian Grey of ICE Mortgage Technology, theres $17.6

Equity 301

Equity Loan Officer Banks Loans 301

Housing Wire

JUNE 13, 2025

Mortgage veteran Glenn Stearns is taking a different approach with his latest venture. Kind Lending , a national wholesale mortgage lender and his second brainchild, is built on lean operations and a focus on efficiency — a contrast with his first company, Stearns Lending, which filed for Chapter 11 bankruptcy in 2019. He’s not wrong.

Mortgages 218

Mortgages Lending Purchase and sale agreement Bankruptcy 218

Housing Wire

JANUARY 28, 2025

Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. I think [about] five years ago, banks were still extremely active in the sector.

Residential 350

Residential Lending Finance Banks 350

Housing Wire

MARCH 7, 2025

Union Home Mortgage (UHM) on Friday announced two changes to its executive leadership team, just days after the company grew its footprint through the acquisition of NRL Mortgage. Ohio -based UHM promoted Brian Smith to chief operating officer of retail lending and hired David Alonzo as its chief technology officer.

Mortgages 201

Mortgages Loan Officer Technology Banks 201