Housing Wire

JANUARY 11, 2023

In its 3rd year, the HW Finance Leaders award is celebrating the industry’s top finance executives who have muscled through another unprecedented year in housing and helped their organizations come out on top. So what does it take to be among the HW Finance Leaders? Click here before the January 27th deadline!

Finance 389

Finance Banks Brokerage Closing 389

Housing Wire

DECEMBER 27, 2023

The systems outage has derailed closings across the country over the holidays for homebuyers and sellers using the company’s title services in more than 2,000 locations. One buyer commented: “We wired in full payment for a home that was supposed to close last week. 20 cybersecurity incident.

Closing 488

Closing Title Technology Mortgages 488

Housing Wire

MARCH 12, 2024

nonbank mortgage lenders continue to gain market share as the industry consolidates and a number of smaller players exit the space due to a lack of strong franchises to retain sufficient volume, Fitch Ratings reported Tuesday. Fairway Independent Mortgage Corp. Rocket Mortgage had purchase origination volume of $47.5

Mortgages 456

Mortgages Marketing Lending Banks 456

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. Meanwhile, Harit Talwar will be the chairman of the board of directors at Better Home & Finance.

Closing 370

Closing Pre-approval Finance Title 370

Housing Wire

NOVEMBER 9, 2023

New York-based digital lender Better Home & Finance Holding Company has partnered with information technology consulting company Infosys on a mortgage-as-a-service platform. Better’s mortgage as a service currently consists roughly 20% of its revenue and the lender aims to grow this business line, Garg said.

Mortgages 392

Mortgages Finance Technology Loans 392

Housing Wire

MARCH 29, 2024

A passion for technology led her to work in the fintech and blockchain spaces, and she has now turned her attention to the senior finance space by founding a company called Graceful Finance. naturally exposing her more closely to the American reverse mortgage industry. But she has a lot of family living in the U.S.,

Mortgages 439

Mortgages Finance Loan Officer Equity 439

Housing Wire

MAY 16, 2024

Digital closing provider Snapdocs is partnering with real estate technology provider SitusAMC to integrate the Snapdocs eVault to SitusAMC’s ProMerit platform, a warehouse lending technology tool, the companies announced on Thursday. market share, according to estimates from Inside Mortgage Finance (IMF).

Lending 379

Lending Banks Technology Finance 379

Housing Wire

DECEMBER 14, 2023

Texas-based lender Thrive Mortgage plans to merge with digital multichannel rival Lower , which will create a unified lender with more than 650 loan officers and 120 active branches across the country. Financial details of the merger, which is expected to close in the first quarter of 2024, were not disclosed.

Mortgages 422

Mortgages Loan Officer Banks Finance 422

Housing Wire

FEBRUARY 14, 2024

Guild Mortgage ’s acquisition of Academy Mortgage Corp. Final decisions on these employees are still being worked out based on the needs to wind down the current pipelines and close out the Academy business, she said. The acquisition of Academy’s retail assets is scheduled to close by the end of February.

Mortgages 414

Mortgages Loan Officer Loans Closing 414

Housing Wire

APRIL 9, 2024

Rocket Mortgage ’s bet on artificial intelligence (AI) has resulted in a patented platform called Rocket Logic, which can automatically process nearly 90% of data points extracted from documents in a month and reduce by 25% the number of times a professional interacts with a mortgage loan year over year, the company claims.

Loans 439

Loans Technology Mortgages Finance 439

Housing Wire

OCTOBER 9, 2023

A mortgage lender isn’t the first place most people would turn to for yoga, meditation or personal wellness. After years of working crazy hours and focusing on growing his business, Ciardelli saw the impact his hard-driving lifestyle was having on his health and close relationships. He knew he needed to make changes. “I

Mortgages 414

Mortgages Loan Officer Loans Technology 414

Housing Wire

MAY 16, 2024

United Wholesale Mortgage (UWM) has launched a new service to handle all the title work for its brokers on refinancings. As a result, brokers no longer need to deal with a title company or settlement agent to close a refi. It said TRAC+ will allow the lender to “manage title review, closing, and disbursement.”

Title 428

Title Loans Mortgages Closing 428

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 399

Banks Brokerage Mortgages Loans 399

Housing Wire

JUNE 1, 2022

According to the Mortgage Bankers Association (MBA), total loan production expenses increased to an all-time high of $9,470 per loan in the fourth quarter of 2021. One avenue to reduce cost and streamline the closing process is to offer digital closings.

Closing 402

Closing Title Loans Technology 402

Housing Wire

APRIL 18, 2023

While a mortgage business’ battle against margin compression is seemingly endless, that fight is less noticeable in times of surging revenue. The decline in mortgage volume, along with increasing rates and uncertainty about the months ahead, have amounted to a scramble for revenue and a continual push to reduce expenses.

Mortgages 369

Mortgages Technology Closing costs Title 369

Housing Wire

MARCH 23, 2022

As the housing market continues to move from last year’s refinance boom, lenders’ ability to identify customers and maintain consumer relationships has become more important than ever in not only securing loans but also ensuring they make it to close. Homebuyers often search for financing online before engaging a Realtor.

Finance 321

Finance Loan Officer Loans Lending 321

Housing Wire

JANUARY 18, 2024

Dark Matter Technologies , formerly Black Knight Origination Technologies, is gearing up to bring more lenders on to use its Empower loan origination system in 2024. Read on to learn more about how Dark Matter Technologies’ plans increase market share and utilize AI in its LOS.

Technology 396

Technology Marketing Loans Development 396

Housing Wire

MARCH 1, 2023

For more than a decade, HousingWire’s Tech100 program has identified and recognized the most innovative technology companies serving the mortgage and real estate industries. Their groundbreaking technologies and visionary ideas are transforming the way we buy, sell and finance homes.

Mortgages 380

Mortgages Title Loans Technology 380

Housing Wire

JUNE 30, 2023

mortgage lender, acquired Sirva’s shares at Premia Relocation Mortgage and now has full ownership of the business, the companies announced on Friday. Premia, which provides a relocation mortgage service for employees moving across the country or to other countries, has a digital platform called DigitalMove. It fell 58.8%

Mortgages 364

Mortgages Loan Officer Technology Loans 364

Housing Wire

MAY 3, 2024

The dismal 2024 mortgage market has one very silver lining: $32 trillion in home equity. The biggest year of mortgage production , from 2021-2022, generated $4.5 Compare that with $30 trillion in financeable equity — it dwarfs it. Compare that with $30 trillion in financeable equity — it dwarfs it.

Equity 387

Equity Technology Loans Lending 387

Housing Wire

NOVEMBER 9, 2020

As the country embraces technology now more than ever, lenders and title companies have an opportunity to embrace the possibilities of mortgage technology to connect with consumers in new ways and grow their businesses. It’s a new time for our industry, with so much going virtual.”. No paper or printing is a huge cost saver.”.

Title 477

Title Technology Lending Land 477

Housing Wire

JULY 19, 2022

Fannie Mae and Freddie Mac ’s regulator imagines a future where, perhaps through artificial intelligence and machine learning, errors in mortgages are identified in real time before a loan is closed. billion five years ago, per the Federal Housing Finance Agency — closing a mortgage loan has since gotten more expensive, not less.

Mortgages 380

Mortgages Finance Loans Technology 380

Housing Wire

FEBRUARY 28, 2024

Top 10 mortgage lender and servicer Newrez is partnering with Newzip , a tech-enabled real estate platform, to roll out a program aimed to save buyers and sellers on credit costs. They will also be offered closing cost credits of up to 0.5% They will also be offered closing cost credits of up to 0.5%

Closing costs 412

Closing costs Loan Officer Closing Loans 412

Housing Wire

JUNE 24, 2022

Honorees like 2021 HW Insider Amanda Cherry , associate product manager at Finance of America Reverse , represent an exceptional class of housing professionals who continuously drive their team to achieve excellence in a number of different facets of housing. The post Nominations for HW Insiders Close Today!

Closing 372

Closing Lending Equity Mortgages 372

Housing Wire

JANUARY 6, 2022

Rocket Companies announced this week that its CEO Jay Farner has stepped away from his role as Rocket Mortgage CEO, to assume the role of CEO of Rocket Central , the mortgage company’s fintech platform. Bob Walters, COO of both Rocket Companies and Rocket Mortgage, has stepped into the role as CEO of Rocket Mortgage.

Mortgages 416

Mortgages Technology Finance Closing 416

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 402

Mortgages Banks Technology Finance 402

Housing Wire

FEBRUARY 27, 2024

After slowing to a 30-year low in 2023, the gears of housing finance are re-engaging. But before diving back in headfirst, it would be worthwhile for lenders to think through what the last two years of scarcity reveal about the normal working model of an independent mortgage bank (IMB).

Finance 413

Finance Technology Loans Industrial 413

Housing Wire

AUGUST 10, 2021

For the first time since December 2019, purchase mortgages represented a higher percentage of closed mortgages than refinances. Purchase mortgages rose to 51% of closed mortgages in June, up from 47% in May, according to the latest origination report from ICE Mortgage Technology (formerly Ellie Mae).

Mortgages 393

Mortgages Fixed-rate mortgage Marketing Lending 393

Housing Wire

JUNE 1, 2023

Connecticut-based lender and servicer Planet Home Lending has acquired the assets of Illinois-based retail lender Platinum Home Mortgage Corporation. Founded in 1993 by Bill and Michael Giambrone, Platinum has 22 branches and 79 active loan officers, according to the mortgage tech platform Modex. The lender originated $6.5

Mortgages 393

Mortgages Lending Loan Officer Loans 393

Housing Wire

FEBRUARY 16, 2021

Writing about digital mortgage in 2021, I am reminded of a cartoon in the New Yorker, in which two cavemen were starting a fire and one said “Stop saying everything is ‘unprecedented.’” I can set filters for my partner search on Bumble, so why can’t I filter results for a mortgage broker? 1 Personalization. Presented by: Snapdocs.

Mortgages 531

Mortgages Banks Loan Officer Technology 531

Housing Wire

DECEMBER 27, 2023

Guild Mortgage has an ambitious plan under the leadership of its new CEO, Terry Schmidt. United Wholesale Mortgage , the top lender in the country by volume, claimed just under 8% total market share over the first nine months of 2023. nationally, per Inside Mortgage Finance (IMF) estimates. It won’t be easy. exits and 3.2%

Mortgages 410

Mortgages Bankruptcy Lending Loan Officer 410

Housing Wire

APRIL 28, 2022

Homebuyers can secure a home mortgage using cryptocurrency as collateral through a new partnership between blockchain real estate platform Propy and crypto wallet service Abra. Propy uses NFTs to close the entire real estate deal digitally. . dollar, which are then pooled to fund digital, AI-enabled mortgages.

Mortgages 381

Mortgages Equity Technology Investor 381

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgages 519

Mortgages Marketing Lending Loans 519

Housing Wire

OCTOBER 21, 2022

In times as tough as these, mortgage lenders must be proactive in borrower outreach and find consumers’ home finance needs if they’re going to close a deal, a new report by mortgage relationship data company Sales Boomerang concludes. Download this white paper for a roadmap to deploying new technologies.

Seller concession 369

Seller concession Mortgages Loans Finance 369

Housing Wire

AUGUST 31, 2022

Lenders and applicants alike rely on powerful tools and technology that increase transparency and create ease, speed and convenience. The company’s predictive analytics platform not only provides lenders with the benefit of intuitive technology, it also helps more applicants qualify for mortgages.

Mortgages 360

Mortgages Loan Officer Loans Finance 360

Housing Wire

NOVEMBER 9, 2020

One area in the mortgage and real estate industry that has been evolving for nearly two decades is digital closings. Much like efforts to achieve full self-driving vehicles, the road to achieve full digital closings has been bumpy. E-mortgage volume spikes.

Closing 433

Closing Title Technology Land 433

Housing Wire

FEBRUARY 19, 2021

Title insurance upstart States Title announced this week $150 million in debt financing from HSCM Bermuda , which will go towards developing a more modern home closing experience. The debt financing will go towards product development, investment in go-to-market growth, and the refinance of debt to Lennar Corp.,

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Title Closing Finance Technology 256