Housing Wire

APRIL 18, 2024

N early 58% of this total was conventional loans and 55% was purchase loans. As of Thursday, the bank had 155 sponsored loan officers, according to the Nationwide Multistate Licensing System (NMLS). The deal included the bank’s consumer-direct technology platform. Bill Watson, chairman of Watson Realty Corp.,

Banks 421

Banks Mortgages Loan Officer Loans 421

Housing Wire

FEBRUARY 7, 2023

Digital closing platform Snapdocs announced on Tuesday that it has completed its integration with Mortgage Cadence, a cloud-based digital lending platform. This integration will enable lenders to finalize closing documents using Snapdocs within Mortgage Cadence’s loan origination system (LOS).

Mortgages 370

Mortgages Lending Loans Technology 370

Housing Wire

JUNE 30, 2021

Data analytics giant CoreLogic announced on Wednesday the acquisition of closing cost data and tech provider ClosingCorp. Previously, ClosingCorp integrated CoreLogic’s Property Tax Estimator into its SmartFees service and closing platforms in 2018. Further details of the acquisition were not disclosed.

Closing 384

Closing Closing costs Investor Title 384

Housing Wire

FEBRUARY 13, 2024

Setting up systems to handle these complexities takes significant time and effort, but once completed, provide a tailored loan program for a borrower. Gregory Meola, managing director and head of business development & strategy for Acra Lending explains the process and how technology can be a boon to streamlining the process.

Lending 404

Lending Loans Technology Development 404

Housing Wire

SEPTEMBER 1, 2023

Meanwhile, Spring EQ will be able enhance its platform through further investments in technology, new commercial opportunities and growth-based operational initiatives, the company said. Founded in 1996, Pennsylvania-based Spring EQ offers home equity, HELOCs, refis and purchase loans.

Equity 397

Equity Loan Officer Residential Commercial 397

Housing Wire

JANUARY 23, 2023

Through the Touchless Lending technology, an application can reach a clear-to-close decision within a week, 80% faster than the average industry time of 50 days. Tony Grothouse, CEO of Revolution Mortgage, says the technology will help the company expand and deliver quality assets into the secondary market. “We

Lending 421

Lending Mortgages Technology Loans 421

Housing Wire

MAY 2, 2021

Real estate technology has changed rapidly over the last few years, and property valuation is no exception. Today, borrowers and lenders alike expect an easy and expedited home loan experience. Efficient data collection with aggregation and next-generation market analytics can drastically impact the closing process.

Technology 273

Technology Inspection Loans Residential 273

Housing Wire

JUNE 11, 2021

Have you budgeted for closing costs? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. Should the appraisal come in lower than the contract price, the closing process may be impacted.

Inspection 432

Inspection Closing Closing costs Title search 432

Housing Wire

FEBRUARY 14, 2024

With the acquisition of Academy, Guild will be onboarding nearly 200 branches and 1,000 new employees, about 600 of which are loan officers. 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.

Mortgages 421

Mortgages Loan Officer Loans Closing 421

Marco Santarelli

FEBRUARY 8, 2024

These vulnerabilities are categorized into three significant areas: Financial Risks, Financial Institutions, and Financial Market Structure, Operational Risk, and Technological Risk. The Council emphasizes the importance of monitoring CRE exposures, evaluating loan portfolios' resilience, and ensuring adequate credit loss allowances.

Residential 88

Residential Commercial Lending Loans 88

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. The mortgage technology division at ICE posted $330 million in total revenue in the third quarter, up about 19.6%

Industrial 315

Industrial Mortgages Technology Loan Officer 315

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 421

Mortgages Lending Technology Banks 421

Housing Wire

JANUARY 9, 2024

The popularity of home equity lines of credit (HELOCs) and closed-end second (CES) mortgages last year was reflected in the secondary market as well, where the volume of securitizations rose sevenfold from 2022 levels. HELOCs have easily been the product with the largest increase in [loan]-trading volumes.”

Equity 466

Equity Lending Banks Loans 466

Housing Wire

APRIL 13, 2023

The purchase, which includes the bank’s consumer-direct technology platform, is expected to close in the second quarter of 2023. The BNC platform is expected to transition to the First Federal branch within a few months of closing. NMLS showed the bank has 63 registered loan officers. billion, according to its website.

Banks 384

Banks Mortgages Loan Officer Residential 384

Housing Wire

JULY 28, 2022

In light of this, HousingWire recently caught up with Teraverde Chief Technology & Innovation Officer Rob Peterson to learn more about the key to lender profitability in today’s lending environment. Rob Peterson: Most segments of the economy have effectively adopted technology to reduce their costs. Louis computes a 34.7%

Technology 397

Technology Lending Loans Residential 397

Housing Wire

AUGUST 31, 2022

Xactus, which says it has more than 6,500 clients including bank and nonbank mortgage originators, uses its proprietary technology platform to close loans quickly. In June, the verifications solutions provider rolled out a monitoring program that scans residential addresses for changes in listing status.

Lending 370

Lending Technology Loans Residential 370

Housing Wire

NOVEMBER 1, 2021

. “Financial institutions can now combine those relationships they’ve already established, while leveraging Rocket Mortgage’s transformational platform powered by Rocket technology.” ” There are nearly 5,000 FDIC-insured banks and more than 5,000 credit unions in the U.S.

Banks 421

Banks Mortgages Loan Officer Lending 421

Housing Wire

SEPTEMBER 22, 2022

New York-based Unlock Technologies , a fintech operating in the shared-equity market, and real estate investment firm Saluda Grade , have closed a $180 million private-label securitization (PLS) backed entirely by Unlock-originated residential home-equity agreements (HEAs).

Equity 384

Equity Marketing Fixed-rate mortgage Finance 384

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 384

Mortgages Finance Loans Technology 384

Housing Wire

AUGUST 16, 2022

Trius Lending, a local direct and hard-money lender specializing in residential investment, attributed its rapid success to customizing to investors’ needs. According to the firm, the core business at Trius Lending is residential rentals or properties for fix-and-flip. Everything can be done except for closing.

Mortgages 370

Mortgages Lending Investor Loans 370

Housing Wire

MARCH 9, 2022

Edgemac , which Incenter acquired at the end of last year, does due diligencing for mostly non-QM and jumbo loans, as well as private label reverse mortgages that could eventually be securitized. Edgemac assesses whether the loan can be securitized after the loan is closed. Presented by: Sagent Lending Technologies .

Due diligence 367

Due diligence Loans Banks Mortgages 367

Housing Wire

JANUARY 12, 2024

The value of all residential real estate worldwide is approximately $200 trillion. The numbers are staggering so it is no surprise that residential proptech is a heady market, capturing the imagination of entrepreneurs and institutions alike. Of this, the U.S. accounts for approximately 23%. Every year, transaction volume in the U.S.

Finance 421

Finance Principal Residential Development 421

Housing Wire

JUNE 27, 2023

Automated mortgage technology provider Lender Toolkit announced this week that it has integrated with Reggora , an appraisal management software company that focuses on modernizing residential real estate valuations for mortgage lenders.

Mortgages 367

Mortgages Inspection Loans Technology 367

Housing Wire

OCTOBER 6, 2021

Oh boy was I wrong… Not necessarily wrong, but after joining HW Media just a few weeks ago as the sales marketing manager I realized that the residential real estate side was only one one part of the industry. My eyes were opened to a whole new level of the mortgage industry and real estate related technology platforms!

Lending 377

Lending Technology Residential Loans 377

Housing Wire

NOVEMBER 16, 2021

The Newport Beach, California company has so far this year issued three-private-label transactions backed by home equity lines of credit and home-equity loans tied to a mix of performing and reperforming loans. The loans are serviced by Rushmore Loan Management Services.”. Today, borrowers expect to close fast.

Equity 409

Equity Investor Marketing Title 409

Housing Wire

JULY 28, 2022

With the acquisition, Xactus will offer flood zone determinations to its clients by using its proprietary flood data and technology products, the firm said Wednesday. Mortgage lenders are required to determine a property’s flood risk and decide whether flood insurance will be required as a condition for a loan.

Banks 370

Banks Lending Technology Loans 370

Housing Wire

AUGUST 30, 2022

There is also a renewed interest in the future state of residential mortgage originations. This has led many lenders to feel overwhelmed by options and lack understanding of how, when and where to best implement new technology. Many of these goals lead to adding technologies that can both speed up cycle times and drive down costs.

Lending 410

Lending Technology Equity Investor 410

Housing Wire

DECEMBER 12, 2022

HousingWire recently spoke with Matt Regan, EVP of Transaction Management Systems at Flueid , about the need to redefine “instant title” to focus on adding value to loan evaluation and decision-making rather than just delivering the title commitment faster. A faster title commitment should equal a faster closing, right? Yes and no.

Title 397

Title Mortgages Loans Loan Officer 397

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 370

Seller concession Mortgages Loans Finance 370

Housing Wire

SEPTEMBER 15, 2020

Real estate services and technology firm SitusAMC just acquired the parent company of compliance technology provider ComplianceEase , the latest in a series of mergers and acquisitions that are shaking up the mortgage tech space in the last year. The firm says it has processed audits for over 90 million loans in the last two decades.

Mortgages 374

Mortgages Technology Loans Residential 374

Housing Wire

FEBRUARY 5, 2021

According to Guaranteed Rate, Owning’s direct-to-consumer platform processed over $20 billion in total loan volume in 2020. Like virtually all residential mortgage lenders, Chicago-based Guaranteed Rate had its best-ever year in 2020, originating about $73 billion in mortgages. Presented by: Black Knight.

Loan Officer 421

Loan Officer Loans Closing costs Title 421

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 410

Mortgages Banks Technology Finance 410

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. Hurst: Over the first few years of our venture investment activities, we predominantly invested in new models for engaging customers and stakeholders in the residential purchase market. As of Sept.

Title 370

Title Mortgages Commercial Technology 370

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. The Towd Point deal involved HELOCs as well as CES loans originated by nonbanks Rocket Mortgage and Spring EQ.

Equity 384

Equity Lending Loans Banks 384

Housing Wire

MARCH 15, 2023

“We are still open for business and my team is still working together moving the mortgage loans through our pipeline,” Suzie Porter, director of mortgage operations at SVB, said in a social media post on Tuesday. “We are making new loans and fully honoring existing credit facilities.” was open for business.

Banks 370

Banks Mortgages Loans Loan Officer 370

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. McGarry said Guild would look for companies that will strengthen Guild’s retail channel, but will be very patient in closing a deal.

Industrial 384

Industrial Mortgages Principal Loans 384

Housing Wire

APRIL 28, 2022

The Guide to Accelerating Closings in 2022. During the first quarter of 2022, First American’s volume of closed title orders was down 29% compared to a year ago, with 205,100 closed title orders in Q1 2022 and 287,600 closed title orders in Q1 2021. Presented by: First American Docutech.

Title 384

Title Commercial Closing Loans 384