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Longbridge COO Bill Packer on how technology is influencing workflows

Housing Wire

Packer has worked in the consumer lending space for four decades, with deep expertise in technology and operations. Sarah Wheeler: Technology used to be siloed off from workflows, but that’s been changing in the mortgage industry. How does technology influence workflows now? A third of the folks adopt the technology right away.

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LoanPASS CRO on the cultivation of a reverse mortgage lender partnership

Housing Wire

At the beginning of 2024, mortgage technology company LoanPASS was announced as a technology partner for reverse mortgage lender Smartfi Home Loans. Getting the hang of reverse Mitchell is a 25-year veteran of the mortgage technology space, primarily working for LOS companies. What does the future hold?

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Maryland-based Anchor Home joins Compass

Housing Wire

Collectively, the group brings more than $400 million in career sales and 500-plus closed transactions across Maryland markets, including Annapolis and Severna Park. We made the move to Compass because we were intrigued by the technology and drawn to the culture and it delivered on both fronts, Chino said.

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Newrez parent Rithm Capital posts 57% profit growth in 2024

Housing Wire

billion in consumer loans from Goldman Sachs while also closing a deal to purchase Sculptor Capital Management and its $33 billion in assets under management. Its refinance recapture rate in 2024 when including closed-end second-lien loans was 52%, up from 41% two years earlier. That marked a substantial turnaround from the $87.5

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Longbridge goes beyond reverse with Figure partnership, new ‘HELOC for Seniors’

Housing Wire

The company’s new “HELOC For Seniors” touts “fast approval and funding in as little as five business days, providing a streamlined path to access home equity powered by innovative technology” through a partnership with Figure. Closings can occur as quickly as one week “in most cases,” they added.

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Peeking into Pennymac’s ‘aggressive’ goal to double broker market share by 2026

Housing Wire

billion in unpaid principal balance (UPB), up 2% from the end of 2024 and 10% higher compared to March 2024. “We have the scale, capital, technology , and we’ve invested forward. Wholesale partnerships Last week’s earnings painted an interesting picture for the company. And, you know, we’re here, right?

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Compass posts record performance in Q2

Housing Wire

Compass CEO Robert Reffkin emphasized the company’s strategic focus on agent empowerment, technology innovation and operational execution Wednesday during a second-quarter earnings call. The company’s principal agent count increased 23.3% ” Total transactions closed by Compass agents hit 73,025 in the quarter.