Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. 15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. New Wave filed the lawsuit Monday in the U.S.

Due diligence 341

Due diligence Mortgages Principal Lending 341

Housing Wire

SEPTEMBER 30, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. The uncertainty and volatility in financial markets is heavily impacting mortgage rates,” said Sam Khater, Freddie Mac’s chief economist. Presented by: FormFree.

Mortgages 448

Mortgages Fixed-rate mortgage Loans Loan Officer 448

Housing Wire

SEPTEMBER 9, 2021

Lenders that may have been holding out on embracing automation and technology were forced to adapt at breakneck speed to continue to serve customers. From hybrid appraisals to virtual showings to RON/RIN, the digital mortgage process took center stage over the last year. Why should the mortgage process be any different?

Mortgages 371

Mortgages Technology Inspection Closing 371

Housing Wire

NOVEMBER 2, 2023

Amid the most challenging mortgage market in decades, Rocket Companies , the parent of Rocket Mortgage , remained profitable in the third quarter of 2023, showing higher margins in the direct-to-consumer and wholesale channels. The Detroit-based lender closed the third quarter with $1 billion cash on hand. billion from $8.6

Principal 395

Principal Loans Technology Mortgages 395

Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

Technology 407

Technology Development Title Lending 407

Housing Wire

OCTOBER 31, 2022

This is projected to be a record year for consolidation among mortgage lenders, largely due to the dramatic shift from a refinance boom to a purchase mortgage market and the total origination volume, which has shrunk to about half the size from 2021. Most recently, Guild Mortgage expressed interest in acquisitions.

Industrial 306

Industrial Mortgages Principal Loans 306

Housing Wire

FEBRUARY 2, 2021

Ginnie Mae announced its first guarantee of a mortgage-backed security backed by digital pools, or pools of loans that consist entirely of eNotes. The MBS were loans closed by Rocket Mortgage in December, are issued as of Jan. The total principal value of the digital pools came to about $24 million. “The

Principal 404

Principal Closing Loans Mortgages 404

Housing Wire

MARCH 15, 2024

In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? And why not? Instead, they’re leaving money on the table.

Commercial 356

Commercial Brokerage Due diligence Title 356

Housing Wire

MAY 9, 2024

the parent of United Wholesale Mortgage (UWM), returned to profitability in the first quarter of 2024 despite higher rates, a lack of inventory and a decline in the fair value of its mortgage servicing rights (MSRs). billion in mortgages in the first quarter, higher than the $24.3 UWM Holdings Corp. , ” UWM originated $27.6

Sales 238

Sales Principal Loans Mortgages 238

Housing Wire

FEBRUARY 24, 2022

No mortgage lender in America capitalized on the pandemic-driven refi boom better than Rocket Mortgage. The Detroit-based company, with a ready-built infrastructure and top-notch brand recognition, was uniquely positioned to absorb historic mortgage demand as others struggled to get out of the gates. Rocket has 2.6 Rocket has 2.6

Mortgages 370

Mortgages Principal Loans Branding 370

Housing Wire

AUGUST 26, 2022

The mortgage industry is changing rapidly and originators are focused on adapting to a shifting market in order to stay competitive. HousingWire: Should originators focus on any specialty mortgage products such as home equity lines of credit or non-QM? Both HELOCs and non-QM loans are made to order for today’s mortgage market.

Mortgages 321

Mortgages VA loan Loans Technology 321

Housing Wire

AUGUST 12, 2022

Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million. A reperforming loan is a mortgage that has been or is currently delinquent but has been reperforming for a period of time. million in unpaid principal balance; pool 2 is at $342.5

Loans 371

Loans Purchase and sale agreement Principal Due diligence 371

Housing Wire

FEBRUARY 2, 2024

That’s despite a net loss in the last quarter of the year attributable to the resolution of a long-standing arbitration process with Black Knight regarding its servicing technology and losses in mortgage servicing rights (MSR) fair value. billion in unpaid principal balance (UPB) in 2023, down 9% year over year.

Technology 334

Technology Loans Principal Mortgages 334

Housing Wire

NOVEMBER 16, 2022

By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Who wants to be in the mortgage business? Brian Hale, CEO of mortgage advisory partners.

Banks 396

Banks Mortgages Loan Officer Due diligence 396

Housing Wire

FEBRUARY 16, 2023

LauraMac, a provider of mortgage loan review SaaS technology, has appointed Rick Seehausen as its chief strategy officer. I look forward to working closely with Rick to leverage the success of our Loan Review System, prepare the launch of our Loan Acquisition System, and guide us in the development of new product lines.”

Loans 283

Loans Principal Technology Development 283

Housing Wire

JANUARY 13, 2021

have taken advantage of its mortgage relief provisions. As part of its Flood Services business, CoreLogic completes flood zone determinations for banks and mortgage companies to support their compliance with the mandatory purchase requirements. Since the CARES Act was signed into law, homeowners across the U.S. Presented by: CoreLogic.

Mortgages 402

Mortgages Investor Loans Technology 402

Housing Wire

JUNE 15, 2022

And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. Such volatility has triggered turbulence in the mortgage market. The mortgage-backed securities (MBS) market went “no-bid” on Friday. Consequently, mortgage rates leapt like they hadn’t in decades.

Mortgages 376

Mortgages Loans Investor Equity 376

Housing Wire

JANUARY 8, 2021

This year, eClosings surged as remote online notarization became more popular and consumers looked for alternative ways to close on a home. Moving forward, the Mortgage Industry Standards Maintenance Organization , a not-for-profit subsidiary of the Mortgage Bankers Association , will continue to focus on digital closings.

Development 445

Development Industrial Technology Principal 445

Housing Wire

NOVEMBER 19, 2020

Digital notary platform NotaryCam announced on Wednesday it has been awarded the Remote Online Notarization (RON) Compliance Certification through the Mortgage Industry Standard Maintenance Organization (MISMO) – making it the eighth company to receive the specialized certification. How 2020 continues to impact mortgage closings.

Principal 417

Principal Technology Development Mortgages 417

Housing Wire

NOVEMBER 4, 2020

In its annual Mortgage Fraud Report, CoreLogic found that the risk of mortgage fraud for the 12 months ending June 2020 decreased 26.3% Investment loan applications are showing a higher risk because real estate investors have a profit motivation for their activity,” said Bridget Berg, Principal, Fraud Solutions at CoreLogic.

Mortgages 410

Mortgages VA loan Loans Lending 410

Housing Wire

SEPTEMBER 30, 2020

Technology has made many aspects of day-to-day life more seamless than ever, with instant, easy and personalized consumer experiences; however, lending is still difficult. The Origence Mortgage Platform is an end-to-end lending platform that puts the power of modern technology in lenders’ hands, enabling them to close more loans, faster.

Lending 195

Lending Mortgages Technology Loan Officer 195

Housing Wire

JANUARY 7, 2021

Mortgage tech is already off to the races, with companies introducing new digital products early in 2021. Digital mortgage platformer Blend is back this week, announcing that they are furthering their Freddie Mac partnership by integrating the GSE’s automated underwriting system, Loan Product Advisor.

Mortgages 227

Mortgages Lending Loans Investor 227

Housing Wire

APRIL 1, 2024

“Affordability has always been a challenge,” said Ashkán Zandieh, managing partner and industry chair at the Center for Real Estate Technology and Innovation. “In And with rising home prices and the growing burden of traditional mortgage debt, homeowners are looking to tap into their home equity without taking on additional debt.”

Equity 365

Equity Finance Purchase and sale agreement Investor 365

Housing Wire

MAY 6, 2022

California-based nonbank mortgage lender Pennymac Financial Services ’ net income dropped more than 50% in the first quarter from the same period in 2021, driven by lower profits from its production segment due to surging mortgage rates and a shrinking origination market. However, the company still reported a pretax net income of $234.5

Principal 313

Principal Loans Technology Mortgages 313

Housing Wire

AUGUST 1, 2023

From leading mortgage companies and real estate firms to spearheading groundbreaking initiatives and driving policy reforms, these honorees are making an indelible impact on housing.

Lending 370

Lending Title Mortgages Equity 370

Housing Wire

AUGUST 4, 2022

Hernandez will be joined by by Faith Schwartz, the CEO and founder of Housing Finance Strategies , a strategic advisory firm that serves banks, mortgage companies, nonprofits and fintech companies. million loans with an unpaid principal balance of more than $1.2 Register for the event here.

Principal 372

Principal Title Mortgages Industrial 372

Housing Wire

JULY 15, 2021

Online mortgage marketplace Morty announced the close of a $25 million Series B financing round, pushing the total company valuation to $150 million. Morty acts as both a marketplace model for users to shop and compare mortgages in one place, as well a broker of loan applications.

Principal 376

Principal Loans Equity Mortgages 376

Housing Wire

NOVEMBER 8, 2023

UWM Holdings Corporation , the parent of United Wholesale Mortgage (UWM), produced lower mortgage origination volume in the third quarter of 2023 than the previous quarter – and more declines are expected to come. Ishbia said UWM was operationally profitable this quarter, which “almost no mortgage company in the country can say.”

Principal 265

Principal Mortgages Loans Closing 265

Housing Wire

JUNE 20, 2023

After stepping back from the market in the second half of 2022 due to the shock of surging mortgage rates, homebuyers have accepted the new normal interest range of 6% – 7%, which is aided by incentives offered by homebuilders.

Principal 367

Principal Construction Technology Marketing 367

Housing Wire

MARCH 12, 2024

President and CEO Frank Martell said in a prepared statement that the company made progress last year by “significantly resetting its cost structure and making critical investments in our technology platforms and business processes.” billion in mortgages, compared to $6 billion in the previous quarter and $6.3 31, up from $143.9

Principal 325

Principal Mortgages Equity Technology 325

Housing Wire

MAY 1, 2023

With lenders stretching the credit box and originating unfamiliar products, all in a rising rate environment, the potential of originating high-cost mortgages and higher-priced mortgage loans becomes more prevalent as well. Both are highly regulated at both the state and federal level. And not just at the federal level.

Loans 306

Loans Lending Technology Principal 306

Housing Wire

AUGUST 2, 2021

Vice President of Technology Services. Nexsys Technologies. Freedom Mortgage. Mortgage Investors Group. Atlantic Bay Mortgage Group. Mortgage Connect. Principal and Chair, Financial Instituions Regulatory Practice Group. MISMO; Mortgage Bankers Association. United Wholesale Mortgage.

Title 393

Title Lending Finance Technology 393

Housing Wire

APRIL 27, 2023

However, Pennymac’s profitability declined compared to the previous quarter amid a still-challenging mortgage market. Servicing “is a critically important asset and has driven much of the success that we have enjoyed in mortgage banking,” David Spector, chairman and CEO, said in a recorded earnings message.

Principal 339

Principal Banks Loans Mortgages 339

Housing Wire

AUGUST 3, 2023

Rocket Companies , the parent of Rocket Mortgage , returned to profitability in the second quarter of 2023 driven by an increase in the purchase mortgage market share and expense cuts in business lines that aren’t profitable. The Detroit-based lender closed the second quarter with $900 million cash-on-hand and $6.4

Loans 296

Loans Mortgages Loan Officer Principal 296

Housing Wire

APRIL 19, 2021

Our ability to handle multi-jurisdictional complexity and distribution diversity are our principal strengths, and Qualia fortifies our ability to manage these attributes and positions us to scale our business more rapidly,” said Susan Kenney Cotter, Passport Title chief officer.

Title 234

Title Principal Closing Construction 234

Housing Wire

MARCH 31, 2021

These manual processes are time-consuming, subject to data-entry errors and potential security concerns – all of which can delay a borrower’s closing date. Today, many consumers have to wait 45 – 60 days to close on their dream home,” said Michael Marino, Principal, Industry Solutions at CoreLogic. “By

Title 195

Title Principal Closing Industrial 195

Housing Wire

JANUARY 11, 2022

Ronnie Matthews, the chairman and principal of GATCO added: “This acquisition only strengthens our core philosophy of making the transaction process seamless and efficient. Despite the advancements in title technology, there are still broad misconceptions across the mortgage industry. Presented by: ServiceLink.

Title 338

Title Principal Land Branding 338