Housing Wire

FEBRUARY 4, 2025

In addition, we expect to evaluate opportunities relating to digital infrastructure, including opportunities at the convergence of infrastructure and technology. Rithm owns multichannel mortgage lender and servicer Newrez. It has made a slew of acquisitions in the credit and mortgage servicing sectors over the past two years. ”

Commercial 385

Commercial Residential Loans Banks 385

Housing Wire

APRIL 18, 2024

Florida-based First Federal Bank announced on Thursday that it struck a deal to acquire Watson Mortgage Corp., First Federal Bank has 25 branches in the Southeast and operations in the Midwest, including mortgage centers in Jacksonville, Florida ; Alpharetta, Georgia; Madison, Wisconsin; and Overland Park , Kansas.

Banks 425

Banks Mortgages Loan Officer Lending 425

Housing Wire

NOVEMBER 1, 2021

The lender announced Friday a partnership with Salesforce to deliver Rocket’s mortgage origination capabilities directly to banks, credit unions and other FIs through Salesforce Financial Services Cloud. ” There are nearly 5,000 FDIC-insured banks and more than 5,000 credit unions in the U.S. .

Banks 425

Banks Mortgages Loan Officer Lending 425

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

Banks 413

Banks Mortgages Due diligence Technology 413

Housing Wire

MARCH 20, 2024

Ally Home , the residential mortgage lending arm of Ally Bank , is offering a $5,000 grant for eligible homebuyers in the select markets of Charlotte, Detroit and Philadelphia, the company announced on Tuesday. The upfront lump sum can be applied toward a down payment, closing costs or other expenses related to the homebuying process.

Banks 436

Banks Closing costs Lending Equity 436

Housing Wire

JANUARY 3, 2025

But in the immediate interim, housing developers must invest in technologies , like modular construction, to dramatically extend the resiliency and life of their buildings. This is crucial for many developers who have found themselves battling higher costs of development and reduced availability of traditional bank financing.

Development 413

Development Construction Finance Investor 413

Housing Wire

APRIL 13, 2023

First Federal Bank will acquire the mortgage division of BNC National Bank , which will give the Florida-headquartered community-based bank a nationwide consumer direct mortgage platform. The purchase, which includes the bank’s consumer-direct technology platform, is expected to close in the second quarter of 2023.

Banks 386

Banks Mortgages Loan Officer Residential 386

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. in an all-stock merger valued at $2.6

Banks 386

Banks Branding Commercial Loans 386

Housing Wire

OCTOBER 5, 2023

AI and data-led fintech company Pagaya Technologies named Sanjiv Das as president. Das spent six years as CEO of Caliber Home Loans — a NewRez -owned residential mortgage lending company — until January 2022. He has also held senior roles at Morgan Stanley , American Express and Bank of America.

Technology 413

Technology Loans Lending Residential 413

Housing Wire

MARCH 15, 2023

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. venture-backed technology and healthcare companies.

Banks 370

Banks Mortgages Loans Loan Officer 370

Housing Wire

AUGUST 28, 2020

Gateway First Bank officially named Scott Gesell CEO and general counsel after serving as CEO on an interim basis since April 3. Before being named CEO, he was chief administrative officer and general counsel for the bank and has also held senior roles at Colorado National Bancorp , American Residential Communities and First Nationwide Bank.

Banks 325

Banks Mortgages Technology Residential 325

Housing Wire

FEBRUARY 5, 2021

Multi-year HousingWire Tech100 winner Built Technologies , a construction finance software and construction payment technology company, closed an $88 million Series C funding round. Last year, Built acquired lienwaivers.io , a provider of lien waiver management and payment solutions for commercial and residential construction.

Technology 349

Technology Closing Construction Commercial 349

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

JULY 25, 2024

Virginia -based Atlantic Coast Mortgage announced this week that residential and wholesale banking software company CRMNow ’s mortgage-oriented customer relationship management ( CRM ) product, Nextwave CRM , will be used by its loan originators across the 30 states it operates in.

Mortgages 425

Mortgages Technology Residential Banks 425

Housing Wire

NOVEMBER 25, 2024

Freedom Mortgage is the best example of a mortgage bank/servicer that’s executed its recapture strategy better than any other servicer. Actively managed residential whole-loan and MSR portfolios can recapture and refinance these borrowers into better loans, giving them new money to pay off car loans and student loans.

Loans 369

Loans Residential Commercial Investor 369

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 413

Mortgages Technology Banks Finance 413

Housing Wire

NOVEMBER 12, 2020

In April, with the coronavirus pandemic raging across the country, leaders at JPMorgan Chase made the call: the bank was going to significantly tighten mortgage lending standards. Lake did not elaborate, and representatives for the retail bank did not immediately respond to HousingWire’s requests for comment.

Mortgages 446

Mortgages Banks Lending Investor 446

Housing Wire

OCTOBER 2, 2024

Today, modern technology , including Pretium’s platforms, cut out the middleman by allowing firms to invest directly in assets, decide the kind of leverage they want and determine how Pretium will manage the assets over time. Mullen also clarifies that the term RTL, or residential transition loan, is synonymous with the fix-and-flip mortgage.

Lending 436

Lending Banks Loans Residential 436

Housing Wire

SEPTEMBER 24, 2024

Toorak Capital Partners is a leading provider of business-purpose mortgages backed by residential, multifamily and mixed-used properties. Founded in 2016, it connects small-balance residential and commercial mortgage originators with institutional capital. He will report to John Beacham , CEO of Roemanu and Toorak.

Residential 413

Residential Commercial Finance Loans 413

Housing Wire

JUNE 10, 2025

Legacy, one of the few private lenders focused on Residential Transition Loans (RTL) for both business-purpose real estate investors and consumers, is offering flexible financing for homebuyers and homeowners to help them move quickly in the housing market. .

Finance 272

Finance Lending Renovation Residential 272

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 425

Mortgages Lending Technology Banks 425

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 446

Due diligence Residential Real-estate owned Lending 446

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 425

Commercial Brokerage Due diligence Title 425

Housing Wire

MAY 28, 2024

Gwin brings a wealth of experience to the role, having previously held executive positions at American Financial Network , Wachovia Bank , Wells Fargo and Accredited Home Lenders. He replaces Samantha Giuggio , who held the role since January 2022. We look forward to the exciting contributions he will make in his new role.”

Industrial 425

Industrial Title Brokerage Branding 425

Housing Wire

JANUARY 6, 2023

Although there are an increasing number of high-profile layoffs , particularly in the technology sector and also in the mortgage industry, hiring in other sectors of the economy are more than offsetting these on net. Residential building construction employment increased by 0.3% Residential building is up 8.3%

Marketing 463

Marketing Residential Construction MLS 463

Housing Wire

OCTOBER 30, 2020

Once he takes over as CEO, Floyd said he intends to use his role to help further the adoption of new technology in the title industry. Mortgage Contracting Services , a national provider of residential and commercial property services, hired Jason Myers as vice president of business development. and as president of SKLD Title Services.

Lending 386

Lending Banks Title Commercial 386

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 430

Industrial Banks Residential Lending 430

Housing Wire

MAY 2, 2021

Real estate technology has changed rapidly over the last few years, and property valuation is no exception. Quantarium, an artificial intelligence and RE data analytics company, along with Valligent Technologies, a valuation technology innovator and an appraisal management company, created QVM Insights.

Technology 250

Technology Inspection Loans Residential 250

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 386

Equity Technology Investor Residential 386

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 413

Technology Residential Banks Mortgages 413

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 386

Lending Technology Commercial Finance 386

Housing Wire

MAY 30, 2024

Coldwell Banker Realty , a New England-based residential real estate brokerage , welcomed The DelRose McShane Team , the brokerage announced on Wednesday. His expertise spans condominium conversion and development, residential sales, buyer representation and commercial transactions. also serves as a trustee at Watertown Savings Bank.

Brokerage 436

Brokerage Residential Commercial Development 436

Housing Wire

JULY 9, 2021

residential real estate market is valued at about $40 trillion in aggregate. Still, the residential real estate ecosystem is complex, even opaque to many. Technology plays a big role. These two questions are at the center of all things residential real estate. In the U.S. A lot is at stake. What is the house worth?

Technology 455

Technology Residential Loan Officer Title 455

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 367

Bankruptcy Technology Equity Lending 367

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 436

Equity Technology Lending Mortgages 436

Housing Wire

MARCH 23, 2021

Residential brokerage Compass took another step toward becoming a publicly traded company Tuesday, declaring it intends to sell common stock at a share price of between $23 and $26. million shares to the investment banks underwriting the initial public offering. The underwriters include Goldman Sachs Co. stock price offering.

Marketing 420

Marketing Brokerage Residential Banks 420

Housing Wire

JULY 18, 2024

” Waltz aims to support international buyers with a “comprehensive” solution that covers the compliance, legal, banking and regulatory processes to close the purchase process within 30 days. bank account is also created to help the investor manage the property remotely, including through fast currency exchange capabilities.

Finance 425

Finance Investor Banks Residential 425