Housing Wire

SEPTEMBER 19, 2023

Grid151 , a technology products provider for the mortgage and real estate industries, has acquired Simply Secure Sign , an eClosing technology platform, the company announced Tuesday. We have already launched Fees, Order Management, Closing Agent Management, and Instant Title,” Ryan Peterson, president of Grid151, said.

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Technology Title Land Closing 377

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.

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Closing Title Technology Mortgages 496

Housing Wire

AUGUST 11, 2021

Insights by ICE Mortgage Technology. Data is de-identified and aggregated from IMT lenders showing metrics such as pricing, pull-through rates, time to close – no HMDA or industry survey reporting delays. #3. The post Mortgage Tech Demo Day: Insights by ICE Mortgage Technology appeared first on HousingWire.

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Technology Mortgages Industrial Loans 371

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. The mortgage technology division at ICE posted $249 million in total revenue in the fourth quarter, down 9.8%

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Technology Sales Mortgages Lending 349

Housing Wire

MAY 26, 2021

The average time to close on a mortgage has decreased for a fourth consecutive month to 51 days, according to a new study from ICE Mortgage Technology. The percentage of purchase mortgages increased to 43% of total closed loans. The percentage of purchase mortgages increased to 43% of total closed loans.

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Closing Mortgages VA loan FHA loan 450

Housing Wire

APRIL 13, 2023

Simplifile by ICE Mortgage Technology electronically connects people, technologies and data in the real estate transaction to streamline their workflows. The solutions featured as part of Simplifile include eRecording, eSign Events, Collaboration and Post-Closing, and Document Builder.

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Technology Mortgages Pre-approval Closing 292

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 310

Housing Wire

FEBRUARY 1, 2024

The Tech100 Mortgage award celebrates the most innovative and impactful organizations in housing. More than just an acknowledgment; the Tech100 award is a testament to the transformative impact these companies have made, propelling the mortgage sector into new realms of efficiency, transparency and accessibility.

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Mortgages Title Loans Closing 443

Housing Wire

APRIL 18, 2024

Florida-based First Federal Bank announced on Thursday that it struck a deal to acquire Watson Mortgage Corp., expanding its mortgage retail lending footprint in the communities in which it operates. Last year, the community bank originated about $435 million in mortgage volume, per mortgage data platform Modex.

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Banks Mortgages Loan Officer Loans 387

Housing Wire

OCTOBER 5, 2023

HousingWire Editor in Chief Sarah Wheeler sat down with Adam Carmel , founder and CEO at Polly , to talk about the ways technology should be delivering ROI for lenders. Sarah Wheeler: The cost to originate a mortgage is higher than ever, while companies have invested more in technology than ever before.

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Technology Lending Mortgages Industrial 358

Housing Wire

JUNE 20, 2023

Mike Cagney’s Figure Technologies rolled out a wholesale lending platform that will give loan originators access to the company’s home equity line of credit (HELOC) offering. The funding timeline of five business days assumes closing the loan with Figure’s remote online notary, Figure said.

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Lending Technology Pre-approval Equity 319

Housing Wire

NOVEMBER 18, 2020

When asked if they could change one thing, or “wave a magic wand,” about the housing industry’s journey toward digital mortgage adoption, the panelists were clear: integration. The trend toward a fully digital mortgage continues to grow. I mean, the whole mortgage and title are missing pieces right now. So we have to be there.

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Title Technology Mortgages Industrial 410

Housing Wire

FEBRUARY 9, 2024

The availability of mortgage credit increased in January, according to a report issued by the Mortgage Bankers Association (MBA) based on data sourced from ICE Mortgage Technology. The MBA’s Mortgage Credit Availability Index (MCAI) increased in January to 92.7, and the Conforming MCAI rose by 0.2%

Mortgages 395

Mortgages Lending Loans Technology 395

Housing Wire

MARCH 28, 2024

A race is a useful analog for the mortgage business, especially as it relates to the refinance business. Starting strong is less important for a deal that takes a long time to close. Most experts believe that it’s only a matter of time before mortgage rates come down. In our business, that’s the refinance transaction.

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Mortgages Technology Loan Officer Loans 420

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

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Mortgages Marketing Lending Banks 444

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.)

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Banks Brokerage Mortgages Loans 355

Housing Wire

FEBRUARY 15, 2023

Texas-based mortgage lender Click n’ Close announced on Tuesday that its primary technology partner, Alabama-based mortgage banker Barr Group Mortgage, has completed the first eNote transaction using the Click n’ Close non-delegated correspondent eNote program.

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Closing Mortgages Banks Title 242

Housing Wire

OCTOBER 23, 2023

Click n’ Close , a mortgage lender mostly active in the wholesale and correspondent channels, appointed Kara Lamphere to the role of chief operating officer (COO). Prior to joining Click n’ Close, Lamphere was COO at InterLinc Mortgage. She was among HousingWire’s Women of Influence in 2017 and in 2020.

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Closing Lending Banks Mortgages 318

Housing Wire

APRIL 6, 2021

A painstaking, uncoordinated movement to fully adopt remote online notarizations nationwide and complete end-to-end digital escrow mortgage closings is gaining even more traction as the real estate industry launches into a new decade in 2021. The post The future of mortgage closings appeared first on HousingWire.

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Closing Mortgages Residential Technology 252

Housing Wire

MARCH 28, 2023

Cenlar FSB , the nation’s second-largest mortgage servicer and largest subservicer, has named Rene Gonzales as its new chief technology officer (CTO), according to an announcement on Tuesday. Gonzales initially joined Cenlar in 2018 as its SVP of infrastructure and engineering.

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Technology Mortgages Development Loans 335

Housing Wire

OCTOBER 18, 2021

Snapdocs, a digital closing platform, recently announced that it is building Snapdocs eVault, a solution for the secure creation, storage and transfer of eNotes and other digital mortgage documents. At Snapdocs, we are working backwards from a future where mortgage closings are perfect,” King said. “So

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Closing Mortgages Technology Lending 278

Housing Wire

FEBRUARY 1, 2024

Stavvy is a truly comprehensive digital closing platform, the only solution to offer a SMART Doc engine that extends the savings, efficiency and security of eNotes to all mortgage documents for all loan programs and across all 50 states while supporting every type of eClosing and eNotarization.

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Closing Technology Industrial Loans 260

Housing Wire

JULY 8, 2021

The number of title and settlement companies offering digital closings has increased 228% since 2019, as more of the industry moves online in the wake of the COVID-19 pandemic. Now, in 2021, 46% offer digital closings, according to Diane Tomb, ALTA chief executive officer. The Final Frontier of Digital Mortgage.

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Closing Title Land Technology 479

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.

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Mortgages Loan Officer Loans Closing 407

Housing Wire

DECEMBER 17, 2021

Nominations for the 2022 HousingWire Tech100 Mortgage and Tech100 Real estate are closing today. The Tech100 Mortgage Award recognizes the companies and solutions that are revolutionizing the mortgage process – from origination to closing, and servicing to secondary markets. million agents as of last year.

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Closing Technology Mortgages Agents 356

Housing Wire

SEPTEMBER 26, 2023

Mortgage Machine Services , a digital origination technology provider, has appointed Dan McGrew as director of sales. In this role, McGrew will shoulder the responsibility of marketing the company’s digital products, including the flagship loan origination system (LOS) Mortgage Machine.

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Sales Mortgages Technology Lending 359

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.

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Technology Marketing Loans Development 350

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.

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Closing Title Loans Technology 381

Housing Wire

NOVEMBER 18, 2021

The advancement in digital mortgage has focused on delivering end-to-end digital solutions to improve the consumer experience. HousingWire recently sat down with Joe Hallett, Fannie Mae’s Vice President – Digital Products Management, to discuss how Fannie Mae is leveraging technology to expand access to homeownership.

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Technology Lending Mortgages Industrial 415

Housing Wire

MARCH 1, 2022

Many lenders are familiar with digital closings (eClosings), but they might not know just how valuable they can be to their business. In a recent study , Marketwise and Notarize found that digital closings shorten the time it takes to close, reduce errors and increase ROI — all while improving customer experience.

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Closing Loans Title Technology 353

Housing Wire

APRIL 27, 2022

Out of sheer necessity when the pandemic hit, RON and other digital closing solutions saw a massive uptick in use. There are some lenders doing it, but most of them haven’t been able to adopt a digital mortgage closing solution.”. That was largely because the technology wasn’t really there,” Bossers explained.

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Closing Title Technology Mortgages 330

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.

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Closing Pre-approval Finance Title 357

Housing Wire

DECEMBER 9, 2021

A 2021 Tech100 Mortgage honoree, Stavvy is helping organizations navigate complex financial and legal transactions easily and safely, allowing servicers to put customer experience at the forefront during tough times like a global pandemic. “In Our technology is helping servicers do what they do best — serve their clients anywhere, anytime.

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Technology Loans Closing Lending 337

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 350

Mortgages Finance Technology Loans 350

Housing Wire

OCTOBER 5, 2022

These days lenders are seeking to leverage mortgage technology to streamline the loan process. Iannitti: We’ve partnered with many lenders that started with a hybrid model and then made the transition to utilize eNotes and, in many cases to completely paperless closings.

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Technology Investor Loans Industrial 276

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.

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Mortgages Loan Officer Banks Finance 407

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

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Mortgages Loan Officer Loans Technology 421