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. Today, borrowers expect to close fast. Learn about the tools lenders should leverage to streamline home equity title and closing. for 2021-HE2.

Equity 354

Equity Investor Marketing Title 354

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.

Equity 378

Equity Title Technology Inspection 378

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. billion in the fourth quarter of 2021,” a recent market assessment by ATTOM shows.

Equity 367

Equity Marketing Debt-to-income ratio Lending 367

Housing Wire

FEBRUARY 21, 2024

An affiliate of Paceline Equity Partners LLC , a private equity manager based in Texas, completed a debt investment in a subsidiary of Constellation Software Inc. Optimal Blue — a provider of secondary market solutions and actionable data services — facilitates more than $1.1 billion megadeal announced in May 2022.

Equity 330

Equity Loans Mortgages Finance 330

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

Equity 363

Equity Lending Loans Banks 363

Housing Wire

MAY 23, 2022

The 2022 housing market has been underscored by interest rate spikes and refi decline and lenders are working hard to adjust to new borrower trends. HousingWire: Between inflation and additional interest rate hikes coming down the line from the Fed, why is now a smart time for lenders to start prioritizing home equity products?

Equity 351

Equity Title Technology Loans 351

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. Sarah Wheeler: ICE’s acquisition of Black Knight just closed today. SW: ICE Mortgage Technology is known for its focus on automation.

Technology 366

Technology Mortgages Loans Industrial 366

Housing Wire

SEPTEMBER 18, 2023

Dark Matter Technologies , formerly Black Knight Origination Technologies, is focused on mainly two things: the smooth transition to new owners, and lowering the cost to originate loans for lenders. So it’s really the same story, just different markets,” Gagliano said. What opportunities did the firm see?

Technology 472

Technology Mortgages Bankruptcy Industrial 472

Housing Wire

JULY 12, 2022

San Francisco-based Unison is extending its reach in the heartland by expanding its shared-equity loan program to homeowners in Nebraska. billion in equity-sharing agreements with some 9,000 homeowners across 29 states and the District of Columbia. Prioritizing home equity solutions in a rising rate environment.

Equity 339

Equity Residential Loans Title 339

Housing Wire

MARCH 17, 2021

Lovell Minnick Partners , a private equity firm that acquired ATTOM Data Solutions in 2019, announced Wednesday morning that it’s diving further in to the housing space with the acquisition of UniversalCIS. “Providing a best in class service technology to those firms is an ever increasing need.

Equity 382

Equity Technology Lending Title 382

Housing Wire

JULY 8, 2021

Private equity firms Flexpoint Ford and Vestar Capital Partners have bought Lereta LLC , a provider of real estate tax and flood solutions for mortgage servicers, the companies announced this week. The transaction is expected to close within a month. Financial details of the transaction were not disclosed.

Equity 369

Equity Commercial Technology Loans 369

Housing Wire

JUNE 26, 2023

Digital mortgage exchange and loan aggregator MAXEX announced on Monday it closed an equity investment round and partnerships to expand liquidity amid the recent market volatility. The companies claim they collectively serve more than 500 market participants. Terms of the transaction were not disclosed.

Equity 338

Equity Land Investor Loans 338

Housing Wire

AUGUST 25, 2022

Between lack of inventory, record high prices, rising interest rates and significant affordability issues, challenges for the purchase and refi markets are leading to a time of opportunity for home equity lending. In the last five years alone, homeowners have gained, on average, $125,000 in equity on their properties.

Lending 352

Lending Equity Loans Technology 352

Housing Wire

DECEMBER 5, 2022

Early this month, California fintech Achieve announced the closing of its first AAA-rated securitization backed by $175 million in home equity lines of credit. A HELOC allows homeowners to access the equity in their homes without refinancing their primary mortgage. Prioritizing home equity solutions in a rising rate environment.

Closing 371

Closing Equity Loans Mortgages 371

Housing Wire

AUGUST 23, 2023

New York-based digital lender Better.com announced Wednesday the closing of its business combination with the special purpose acquisition company (SPAC) Aurora Acquisition Corp , , ending a two-year journey to make the business public. Better faced the deterioration of the mortgage market due to surging rates. Better HoldCo, Inc.

Closing 366

Closing Pre-approval Finance Title 366

Housing Wire

JANUARY 22, 2021

Citing anonymous sources, Bloomberg reported that CoStar Group and a private equity group led by Warburg Pincus are currently competing for the data provider, though it is unclear if either have made an offer yet. If CoStar were to close the deal, it would be the largest acquisition the Washington, D.C.-based billion market cap.

Equity 354

Equity Bankruptcy Investor Commercial 354

Housing Wire

APRIL 29, 2024

California-based mortgage tech firm Blend Labs , which has pursued non-GAAP profitability since it went public in 2021 , announced a $150 million investment on Monday from private equity firm Haveli Investments. By the end of December 2023, the company had cash, cash equivalents and marketable securities totaling $144.2

Equity 411

Equity Technology Mortgages Closing 411

Housing Wire

JUNE 24, 2022

Each year, this award spotlights the individuals who have a huge impact behind-the-scenes within their organizations — through operations, product development, hiring, marketing campaigns, or improving efficiency. Amanda Cherry : Macro trends continue to point to the need for people 55+ to have access to their home equity.

Closing 351

Closing Lending Equity Mortgages 351

Housing Wire

DECEMBER 2, 2022

It has resulted in a highly competitive market, and lenders recognize the importance of maintaining existing customers in this challenging market. Lenders who accurately predict the moment in time when a customer might require access to their home’s equity can act immediately and establish themselves as the ideal choice.

Marketing 349

Marketing Equity Loans Renovation 349

Housing Wire

MARCH 12, 2024

Lenders can choose to integrate and configure many third-party services such as verification of asset, verification of employment/ verification of income , e-signing and e-closing. Unlike off-the-shelf POS solutions, Blueprint Builder allows lenders to customize technology that is designed to help improve operations, Maxwell noted.

Lending 374

Lending Technology Loans Equity 374

Housing Wire

SEPTEMBER 1, 2023

New York-based investment firm Cerberus Capital Management has entered into a definitive agreement to acquire home equity lender Spring EQ , the companies announced on Friday. The transaction will allow Cerberus executives to realize new opportunities as demand for home equity solutions in the U.S. accelerates.

Equity 378

Equity Loan Officer Residential Commercial 378

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.

Equity 328

Equity Lending Technology Loans 328

Housing Wire

FEBRUARY 20, 2024

“Most technologies are not architected to do a million loans every five minutes.” “Most technologies are not architected to do a million loans every five minutes.” “We accomplish that by participating when one loan closes, so we want to find more loans and help close them more quickly.

Technology 363

Technology Loans Staging Equity 363

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 375

Banks Closing costs Lending Equity 375

Housing Wire

NOVEMBER 15, 2022

HousingWire recently spoke with Dan Catinella, chief lending officer at Total Expert, about how Customer Intelligence technology is improving deal flow and pushing the customer experience into the 21st century. . Dan Catinella : Lenders should lean into the power of their tech stack as they try to cut costs in the current market situation.

Loan Officer 414

Loan Officer Marketing Loans Technology 414

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.

Equity 348

Equity Lending Banks Technology 348

Housing Wire

FEBRUARY 6, 2024

The original promissory notes were secured by tangible assets of [ Finance of America Equity Capital ], excluding pledges of equity interests, and certain pledged risk retention securities held by MM Risk Retention LLC , a wholly owned subsidiary of FOA Equity,” the filing reads. Other challenges are ongoing. That was a 17.7%

Equity 376

Equity Finance Industrial Mortgages 376

Housing Wire

APRIL 14, 2022

Interfirst purchased refinance leads and sent them to Woodward to close. Then, the mortgage industry showed why it is called a cyclical business: in the second half of 2021, the Federal Reserve signaled an increase in interest rates and an easing of the purchase of mortgage-backed securities, choking the refi market.

Mortgages 519

Mortgages Marketing Lending Loans 519

Housing Wire

JANUARY 11, 2023

The early entrants into the market — including Milo and Figure Technologies — made loans equal to 100% of the borrower’s cryptocurrency value with no down payment required. “The effective use of technology allows us to accomplish this.

Lending 414

Lending Mortgages Marketing Loans 414

Housing Wire

JUNE 30, 2021

Home values have increased over the past several months and consumers are realizing there is more equity in their homes than anticipated. This realization has increased demand for wholesale lenders and brokers as borrowers look to refinance, cash-out refinance or otherwise take advantage of the equity in their homes.

Closing 196

Closing Title Lending Inspection 196

Housing Wire

MAY 12, 2022

Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. Technology has been the focal point of that evolution more out of necessity than some consensus that homebuyers don’t want to interact with their lenders at all.

Lending 329

Lending Marketing Pre-qualification Pre-approval 329

GeekEstate

OCTOBER 29, 2021

I’m excited to release Thomvest’s real estate technology market map, which includes more than 240 companies operating within the residential real estate segment. This is the third update to the market map and includes over 100 additional companies — a testament to the pace of entrepreneurship in this segment.

Technology 136

Technology Marketing Purchase and sale agreement Equity 136

Housing Wire

APRIL 22, 2022

Publicly traded mortgage tech company Blend Labs isn’t changing its strategy to survive a shrinking mortgage market, even though a drop in originations is sapping its revenue stream and forcing it to trim its workforce. Blend claims it grew its mortgage market share from 10% in 2020 to 15% in 2021.

Mortgages 385

Mortgages Marketing Title Banks 385

Housing Wire

FEBRUARY 23, 2024

per share at market open on Friday, up from $10.98 per share at market close the day before. New client and market share acquisitions In a rare move, Rocket shared specific numbers of its market share growth. Rocket’s stock price rose to $11.75 The BUY+ program provided borrowers a credit equal to 1.5%

Equity 395

Equity Bankruptcy Loans Mortgages 395

Housing Wire

NOVEMBER 13, 2023

Any person involved in selling a home knows that you cannot increase the price of your home randomly to cover the cost of commissions and other closing costs. The market sets the price of the home, and it cares little for closing costs — or what the homeowner invested in it — when determining the price for which it will sell.

Closing costs 350

Closing costs Equity Agents Technology 350

Housing Wire

FEBRUARY 20, 2024

Today, a mortgage lender must have scalability in its operation, an ability to pivot quickly to meet changing market conditions and client needs, a well-designed technology stack and, above all, a keen sense of what its customers and the marketplace truly want from them. The lender’s role in succeeding by helping its LOs succeed.

Loan Officer 386

Loan Officer Lending Technology Loans 386

Housing Wire

APRIL 10, 2023

HousingWire: How has the current market affected the way lenders approach customer relationships? HW: What types of technology can lenders use to improve the borrower experience? DG: For the past few years, homeowner engagement has been pretty basic — mostly apps focused on home value, home equity and market reports.

Technology 407

Technology Equity Lending Loan Officer 407