Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

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Industrial MLS FHA loan Agents 417

Housing Wire

SEPTEMBER 11, 2023

Proptech firm Flyhomes has entered into an agreement to purchase Innovative Holdings, LLC’s “buy before you sell” platform Home Sale Assured. Founded in 2022 by Eric Meadow, Home Sale Assured produces a “Guaranteed Backup” options contract, which enables existing homeowners to buy their next home before closing the sale of their current home.

Debt-to-income ratio 358

Debt-to-income ratio Sales Purchase and sale agreement Loans 358

Housing Wire

APRIL 1, 2024

In March 2022, reverse mortgage lender and servicer Longbridge Financial announced the launch of its national field sales (NFS) division , appointing reverse mortgage industry veteran Melanie Parks to lead the channel as vice president and national field sales leader. Two years later, the UPB has diminished right.

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Sales Loan Officer Principal Loans 355

Housing Wire

AUGUST 9, 2022

The decision to close the channel also reflects fierce competition from its peers in the broker space, primarily from United Wholesale Mortgage (UWM). The gain-on-sale margin also nosedived to 1.16% in the second quarter, down from 1.96% in the previous quarter. loanDepot shares closed at $1.84 million from the previous quarter.

Closing 475

Closing Principal Lending Loans 475

Housing Wire

NOVEMBER 13, 2023

Ron Frasier, a title industry veteran and CEO of title startup Atlas Title , has been watching the commission lawsuit saga closely. “If They will have to get on that listing side of things, which will be much harder as it is an earlier point of sale, as no one has even looked at buying the house yet.”

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Title Industrial Purchase and sale agreement Agents 402

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. ICE expects to have its second-best year for MSP sales since 2017. billion,” Gardiner said.

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Industrial Mortgages Technology Loan Officer 268

Housing Wire

OCTOBER 12, 2023

As existing-home sales continue to slide and mortgage rates rise ever higher, all but eliminating any hope for refinance transactions, the title insurance industry is doubling down on technology. At the forefront, is artificial intelligence , or AI.

Title 360

Title Industrial Land Technology 360

Housing Wire

SEPTEMBER 26, 2023

Mortgage Machine Services , a digital origination technology provider, has appointed Dan McGrew as director of sales. ” Prior to this role, McGrew was the chief operating officer and senior vice president of sales at Pavaso , a full-service eClosing platform. .” based boutique SAP consulting firm.

Sales 370

Sales Mortgages Technology Lending 370

Housing Wire

JUNE 24, 2022

Texas lender Mid America Mortgage rebranded as Click n’ Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations. The post Mid America Mortgage rebrands to Click n’ Close appeared first on HousingWire.

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Closing Mortgages Lending Technology 323

Housing Wire

JUNE 8, 2023

The title insurance industry is on the front lines in a never-ending war with the fraudsters. As the industry has gotten better at combatting wire fraud and even the more recent seller impersonation fraud , criminals looking for larger paydays have turned to mortgage payoffs. Can you afford to lose a million dollars?

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Title Industrial Banks Technology 303

Housing Wire

DECEMBER 9, 2022

With only three weeks until 2023 arrives, housing industry executives are adjusting their operations to face what is expected to be another challenging year. . Against the backdrop of this challenging economic and housing environment, companies in the housing industry continued to restructure and cut workforce to better position themselves.

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Industrial Residential Mortgages Investor 343

Housing Wire

SEPTEMBER 2, 2021

The mortgage industry is still seeing record-breaking numbers, but those numbers have started to wane and lenders looking to succeed in a slow market need to begin preparations today. Creating a tech stack geared towards increasing closing efficiency isn’t just about offering eClosings. to excel during the games and season.

Technology 419

Technology Closing Loan Officer Mortgages 419

Housing Wire

JANUARY 14, 2021

The mortgage industry has not traditionally been the vanguard of digital adoption, particularly in data intelligence and applied machine learning. The mortgage industry has been forced to respond to the massive and sudden work-from-home mandates. E-Everything (e-closing and virtual transactions). Presented by: SimpleNexus.

Industrial 481

Industrial Mortgages Lending Loans 481

Housing Wire

JULY 31, 2022

The pandemic transformed traditional business practices and gave way to a digital revolution that has impacted nearly every industry. This demand for digital business solutions is here to stay and leaders in the mortgage industry are adapting to the changing needs of borrowers everywhere. Rick Triola.

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Closing Technology Commercial Title 318

Housing Wire

OCTOBER 31, 2022

By the end of 2022, roughly 50 merger or acquisition (M&A) transactions will be announced or closed, which is 50% more than 2018 — the record year for lender consolidation, according to Stratmor Group. The expectation of continued margin compression in 2023 and 2024 has resulted in the onset of industry consolidation,” Hrobon said.

Industrial 339

Industrial Mortgages Principal Loans 339

Housing Wire

FEBRUARY 9, 2022

While the real estate industry has witnessed the introduction of a number of spectacular and innovative developments in recent years, we still (sometimes unfairly) get tagged as “old fashioned” or “conservative.” Why is the industry still transferring money the old-fashioned way? There’s really no experience quite like buying a home.

Industrial 389

Industrial Purchase and sale agreement Pre-approval Banks 389

Housing Wire

NOVEMBER 30, 2020

pending home sales fell 1.1% According to Joel Kan, the Mortgage Bankers Associations assistant vice president of economic and industry forecasting, that robust year-over-year improvement in activity is a sign the market will continue to see sustained demand for housing through the end of 2020. compared to a year ago. but remained 19.6%

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Sales Development Equity Land 533

Housing Wire

MARCH 21, 2023

After 12 months of declines , existing home sales rebounded in February, climbing 14.5% However, existing home sales were still down 22.6% Moreover, we’re seeing stronger sales gains in areas where home prices are decreasing and the local economies are adding jobs.” months of supply at the current sales pace.

Sales 368

Sales MLS Mortgages Marketing 368

Housing Wire

DECEMBER 2, 2020

Prior to 2020, the mantra around the mortgage industry going back to 2016 was that launching a new “digital experience” was the equivalent to table stakes in poker. The message was clear: if you weren’t already invested in new digital mortgage experience, then your competition already beat you to the sale.

Industrial 341

Industrial Mortgages Lending Technology 341

Housing Wire

JULY 19, 2022

We interviewed more than 25 mortgage industry experts to gather the best insights, strategies, and recommendations to pivot and win in today’s market. Notable trends in a new era of sales. For example, he explained that companies are converting real estate into NFTs and using a smart contract to close in a few days rather than weeks.

Industrial 393

Industrial Mortgages Loan Officer Technology 393

Housing Wire

SEPTEMBER 15, 2020

The virtual notary services industry has become increasingly popular amid the COVID-19 pandemic as businesses have adopted remote signatures to adhere to social distancing protocols while closing on mortgages and other loans. Borrowers can complete the closing from the comfort and safety of their own homes,” she said. “If

Closing 471

Closing Loans Banks Investor 471

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% January sales fell 2.3% The supply of homes for sale fell to a record low, down 16.5% The supply of homes for sale fell to a record low, down 16.5% Sales of homes priced above $1 million were up 39%. .

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Sales New Construction Equity Construction 407

Housing Wire

APRIL 28, 2022

Cost to originate a loan: In the manufacturing industry, it’s common to analyze standard costs. Input costs can vary but typically include credit reports, tax verifications, flood certifications, closed-loan fees, labor costs, commissions, etc. Additionally, each function in mortgage operations is a specific labor component.

Industrial 347

Industrial Mortgages Loans Equity 347

Housing Wire

DECEMBER 17, 2021

As we approach 2022, some concerning headwinds confront the mortgage origination industry. As it is vital to closely follow performance metrics for early detection of risks and other negative issues, establish key performance indicators to monitor critical elements like labor utilization, cost to produce and production per FTE.

Industrial 376

Industrial Mortgages Development Loans 376

HomeLight

MARCH 28, 2024

Industry experts predict that this decoupling will likely lower agent fees and give buyers the ability to negotiate commission amounts directly. This second option, called for sale by owner or FSBO for short, is much less common, constituting only 7% of sales in 2023 , according to the National Association of Realtors® (NAR).

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Sales Agents Closing Industrial 113

Housing Wire

JULY 27, 2021

Michael Franco: The last two years in the mortgage industry have certainly been unique. Origination volume doubled expectations and wide gain-on-sale margins brought on by record low mortgage rates forced the industry to increase their capacity to meet surging loan demand. At the heart of our ecosystem approach is technology.

Industrial 383

Industrial Mortgages Lending Due diligence 383

Housing Wire

JANUARY 31, 2023

Marquis, whose production volume dropped by nearly one-third to $351 million in 2022 from the previous year’s $951 million, is cautiously optimistic about the mortgage industry. Connie Kim : We’ve seen a lot of optimism for the mortgage industry, mainly due to rates on a declining trend. Are you the sole person closing sales?

Loans 346

Loans Pre-approval Closing Marketing 346

Housing Wire

DECEMBER 14, 2022

Let’s face it, mortgage sales is not for the weak. As an introvert, when I first started in the operations side of the mortgage world I dreaded the weekly pipeline calls with the sales manager I supported. This was a great way for me to start to find real connections with people in the industry. Cold calling?

Sales 381

Sales Mortgages Lending Branding 381

Housing Wire

MARCH 18, 2022

Since H4P volume is only a small fraction of the total business done in the reverse mortgage industry based on 2021 data , Mangus sat down with RMD to discuss his approach in successfully cultivating H4P business. I closed 28 H4P transactions last year, over 1% of the national total. 1% of the national HECM for Purchase total.

Loans 472

Loans Closing Mortgages Equity 472

Housing Wire

MAY 10, 2022

KPI – Cost to originate a loan: In the manufacturing industry, it’s common to analyze standard costs. Input costs can vary but typically include credit reports, tax verifications, flood certifications, closed-loan fees, labor costs, commissions, etc. Through operational processes, it is then funded and eventually sold.

Industrial 379

Industrial Mortgages Loans Equity 379

Housing Wire

FEBRUARY 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported operating income of $57 million in 2022, down from last year’s $397 million — a reflection of the headwinds the mortgage industry is facing. In fact, the strongest quarter that we had of all 2022 was the fourth quarter.”

Technology 360

Technology Sales Mortgages Lending 360

Housing Wire

MARCH 1, 2021

The closing process, that time between underwriting approval and the actual closing, is the mortgage industry’s not-so-secret Achilles’ heel. That’s not a knock on the good professionals who enact minor miracles choreographing the multi-faceted ballet that is a typical closing. Let’s admit it.

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Closing Marketing Title Title search 243

Housing Wire

AUGUST 11, 2021

To date, Sales Boomerang alerts have enabled lenders to close more than $30 billion in additional loan volume that would have otherwise been overlooked and achieve customer retention rates that outperform industry norms by an average of 3-5X. The post Mortgage Tech Demo Day: Sales Boomerang appeared first on HousingWire.

Sales 284

Sales Mortgages Loans Design 284

Housing Wire

APRIL 22, 2024

(Photo Credit: AJ Canaria) Between inflation , an uncertain interest rate environment and legal challenges , the real estate industry is facing unprecedented challenges. Wright and Murray also said that the headwinds facing the industry are creating a buyer’s market for acquisitive firms. My advice is to start simple.

Brokerage 362

Brokerage Purchase and sale agreement Title Industrial 362

Housing Wire

SEPTEMBER 15, 2023

ICE’s proposed acquisition of Black Knight was under review by the Federal Trade Commission , which filed a lawsuit that alleged a combination of the two largest loan origination systems (LOSs) in the mortgage industry would raise costs to lenders, which would then be passed to homebuyers. The deal closed earlier this month for $11.9

Technology 393

Technology Sales Loans Mortgages 393

Housing Wire

APRIL 25, 2024

Real estate brokerage eXp Realty has added industry veteran Wendy Forsythe to its leadership team. “Her industry background and understanding of modern real estate marketing will best position us to expand our reach and impact in the market.” ” Forsythe has over two decades of experience in the real estate industry.

Marketing 314

Marketing Branding Brokerage Staging 314

RIS Media

JUNE 27, 2023

OneKey® MLS, the largest MLS in New York, has announced that residential, condo, and co-op sales transactions in the regional MLS coverage area saw a 2.6% increase in closed median sale price month-over-month from April to May 2023. MoM appeared first on RISMedia.

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Residential Closing Sales MLS 102