Housing Wire

JULY 14, 2025

The growing “gig economy” is reshaping the future of homebuying , and savvy brokers are recognizing the need to adapt quickly with loan products that fit this demographic. The simple answer: It’s time to get good at non-QM lending. I like to say we lend a million people that deserve it.

Investor

Housing Wire

OCTOBER 30, 2024

A California regulator has revoked the residential mortgage lending license of LoanSnap , the latest in a series of difficulties for the fintech lender. That policy, which is designed to protect consumers from lender fraud and financial risk, expired in early August.

Lending

Housing Wire

FEBRUARY 6, 2025

In addition to all of these challenges, economic factors outside of housing are making it harder for potential buyers to acquire qualifying mortgage loans. Most lenders focus on offering traditional mortgage loans to clients, choosing to shy away from unconventional options in the market. Finance a loan, and you may lose money.

Loans

Housing Wire

AUGUST 4, 2025

New American Funding (NAF) announced on Monday that it has named Tim Sorenson as its new divisional executive vice president for the Southwest — an area where the company is hoping to grow its retail lending presence. Before his eight-year tenure at Rate, Sorenson was the director of residential lending at Lutheran Burbank Savings.

Lending

Housing Wire

OCTOBER 28, 2024

The Loan Store — a wholesale lender based in Arizona — will now use the Gateless Smart Underwrite platform, according to a recent announcement. The artificial intelligence-based platform, the latest addition to the Gateless AI mortgage tool suite, aims to enhance The Loan Store’s underwriting capabilities.

Loans

Housing Wire

APRIL 10, 2025

Banks and credit unionsmany of which depend on mortgage activity to fuel lending, gather deposits, and generate fee incomeare facing an extended drought. Servicing portfolios are clogged with long-dated, low-yield loans that strain balance sheets. In todays environment, that design is becoming a liability. Its a design problem.

Design

Housing Wire

MAY 19, 2025

Non-QM (Non-Qualified Mortgage) lending has become essential to todays mortgage landscape, providing solutions for creditworthy borrowers who fall outside traditional lending criteria. HW: Are your best practices something you designed from the ground up?

Lending

Housing Wire

JUNE 18, 2025

Class Valuation has launched a new appraisal review product designed to bring greater clarity and oversight to residential valuations. CVA is structured to comply with the Uniform Standards of Professional Appraisal Practice and is intended for use across various stages of the loan life cycle.

Due diligence

Housing Wire

JULY 31, 2025

HousingWire: Matt, we’ve spoken a few times recently about the work you’re doing in the customer acquisition space, and how ICE is helping lenders uncover new loan opportunities in today’s competitive market. Lenders often view borrowers differently depending on where they are in the loan journey. Can you tell us more about that?

Loans

Housing Wire

MARCH 21, 2025

Findings include 71% of loan officers reporting an increase in buyers who are willing to purchase fixer-uppers, explore unconventional financing or accept high mortgage rates despite long-term financial concerns. Jones, a Colorado-based LO for Lower -backed Universal Lending Home Loans.

Debt-to-income ratio

Housing Wire

NOVEMBER 20, 2024

However, homeowners have a unique advantage with home equity products—designed to let residents tap into their home’s equity for cash. Jonathan Scarpati: I started with Senior Lending Network out of New York. That growth presents an opportunity for reverse mortgages and home equity loans.

Equity

Housing Wire

MARCH 31, 2025

It’s technology designed to feel human.” ” Dominion explained that Harvey will aim to support real estate investors through “real-time guidance” on fix-and-flip loans and rental strategies. The company said the tool will help brokers reduce the amount of time spent on understanding lending criteria.

Investor

Housing Wire

JULY 24, 2025

A rule rooted in crisis…and stuck in time The Loan Originator Compensation Rule was born from the wreckage of the 2008 financial crisis. Its intent was clear: eliminate steering and protect borrowers from being placed into higher-cost loans based on how much a loan officer would get paid. And it did, at a cost.

Loan Officer

Housing Wire

JUNE 24, 2025

Rocket Mortgage , the home lending arm of Rocket Companies , announced Tuesday it will now offer bridge loans , a short-term financing option that helps homeowners tap into their equity while selling their current property. The maximum loan amount is $500,000. If not, borrowers can request a one-time extension.

Loans

Housing Wire

FEBRUARY 27, 2025

How can today’s mortgage lending market be summed up in one word? Acra Lending has done precisely that. Acra Lending is a proven leader in the space, and it has adapted and thrived despite market shifts. higher interest rates and elevated home prices create openings for non-QM lending. billion to $3.47

Lending

Housing Wire

NOVEMBER 12, 2024

It also wants to widely deploy refreshed marketing strategies that are designed to both educate and appeal to older homeowners about the use of home equity in retirement. In 2025, it will begin rolling out new regional and local programs designed to “build our brand profile and drive business in strategic markets,” she said.

Mortgages

Housing Wire

NOVEMBER 7, 2024

For homeowners with conventional loans backed by Fannie Mae and Freddie Mac , insurance at replacement cost is mandatory, but flood insurance is only required in designated flood zones. Others say homeowners insurance wasn’t designed around catastrophe risk — it was designed around idiosyncratic storms or trees falling on roofs.

Design

Housing Wire

DECEMBER 20, 2024

House of Representatives proposes to relieve Federal Housing Administration (FHA) borrowers of mortgage insurance premiums (MIPs) once they reach a certain level of home equity , aligning FHA policies with those of conventional loans. Mortgage insurance exists as protection from foreclosure on low equity loans. Introduced by Reps.

FHA loan

Housing Wire

MAY 15, 2025

MORE’s model offers a short-term bridge loan typically around three years in length that’s designed to give buyers time to refinance or secure permanent financing. Leahy emphasized that his company’s approach helps individuals who dont fit the traditional lending mold. Credit score isnt everything, he said.

Finance

Housing Wire

JUNE 13, 2025

Here’s what happened this week: UWM’s Jason Bressler challenges the fear-driven narrative around AI in mortgage lending At HousingWire’s The Gathering, United Wholesale Mortgage Chief Technology Offficer Jason Bressler challenged fears about AI in lending, calling it a tool for empowerment — not replacement. million in seed funding.

Industrial

Housing Wire

MAY 28, 2025

In 2010, Parks became the trustee for a living trust designed to pay the victims expenses stemming from the accident, from which the victims account contained the $1.66 Bolstered by the loan proceeds, Parks continued to make transfers from the account for his own use, the DOJ said.

Mortgages

Housing Wire

JANUARY 8, 2025

GridBase is a proven leader in title and lending technology, offering a seamless, coding-free solution that simplifies migration while enhancing operational workflows. End-to-end workflow optimization : With support for both servicing and loan origination workflows, GridBase enhances efficiency across the lending ecosystem.

Technology

Housing Wire

JUNE 9, 2025

Florida-based Gradient Mortgage Capital , a wholesale mortgage banking platform, launched Monday with the intent to serve mortgage bankers and brokers across the country with debt-service-coverage ratio ( DSCR ) and small-balance commercial real estate loans. Banker and broker yield spread premiums are offered too. ”

Mortgages

Housing Wire

MARCH 19, 2025

Cardinal Financial Wholesale has introduced Cardinal Complete, a new loan processing solution aimed at streamlining operations for mortgage brokers. The platform offers an end-to-end processing service designed to reduce administrative burdens and improve efficiency from application to closing.

Loans

Housing Wire

DECEMBER 27, 2024

Peter Sciandra, who serves as EVP of reverse lending secondary marketing at Fairway Independent Mortgage Corp. We’ll have those loans that come in where we have to look at every opportunity that we can to save that deal and help that client. Were seeing market headwinds, and not really seeing a lot of release in the rates.

Industrial

Housing Wire

JUNE 12, 2025

has launched a new set of loan products designed to serve borrowers who fall outside traditional lending requirements. Logan Finance says the suite is intended to close a growing financing gap that impacts millions of creditworthy borrowers who don’t meet the standard criteria for conventional loans. million at 70% LTV.

Finance

Housing Wire

FEBRUARY 12, 2025

The expansion adds 10- and 30-year fixed-term options to the companys existing 20-year fixed-rate home equity loan, which the company has designed as complements to its first-lien and second-lien home equity lines of credit ( HELOCs ). homeowners with access to their tappable home equity.

Equity

Housing Wire

AUGUST 4, 2025

National Mortgage News recently highlighted that lenders leveraging Freddie Mac’s machine-learning enhancements to Loan Product Advisor shaved five days off loan cycle time while saving $1,500 per file, proving how proactive tech pays dividends. Dynamic application frameworks now provide unprecedented flexibility.

Mortgages

Housing Wire

FEBRUARY 10, 2025

The lender’s wholesale division is now offering a nonqualified mortgage ( non-QM ) loan product suite aimed at serving consumers who have outside-the-box financial profiles. ” Cardinal Financial’s non-QM suite will kick off with four loan products. . billion in non-QM loans through a proprietary product suite.

Loans

Housing Wire

JANUARY 17, 2025

Florida-based non-QM lender A&D Mortgage announced Friday that it has acquired the wholesale and nondelegated correspondent lending businesses of Mr. Cooper Group. A&D offers brokers more than 20 lending programs across the agency, government, jumbo and non-QM spectrum. billion in loans during this period, up 37.5%

Mortgages

Housing Wire

JUNE 24, 2025

Williston Financial Group (WFG) announced the release of a new digital tool through subsidiary Volly that aims to enhance collaboration between mortgage loan officers and real estate agents. The tool is designed to automate aspects of co-marketing efforts, including compliance and brand consistency.

Loan Officer

Housing Wire

NOVEMBER 7, 2024

Guild’s current reverse lending division, built off its 2023 acquisition of Cherry Creek Mortgage , has expanded its reverse mortgage activities this year. When asked during the earnings call about what the company sees in the home equity lending space, Schmidt said that the opportunities in reverse stand out. “We

Mortgages

Housing Wire

APRIL 4, 2025

The Platinum Peak product suite aims to offer higher available loan-to-value (LTV) ratios, which are designed to translate into higher loan proceeds for borrowers, according to the announcement. Platinum Peak is now available in at least two reverse mortgage loan origination systems (LOS) for brokers.

Mortgages

Housing Wire

MARCH 4, 2025

Xactus has become the first technology partner to introduce the FICO Score Mortgage Simulator, a new tool designed to help lenders and borrowers understand how credit decisions impact mortgage eligibility. The simulator, developed by FICO , is the only mortgage industry tool that uses FICO scores and FICO score algorithms.

Mortgages

Housing Wire

JUNE 26, 2025

Rocket Close and Rocket Pro have taken a major step forward by integrating the two platforms into a single, more efficient platform, designed to simplify the closing process and enhance the broker experience. eClose availability is based on loan type as well as state and county eligibility. It’s efficient, but it still feels human.

Closing

Housing Wire

APRIL 15, 2025

“I’ve always believed AI could be the great equalizer in mortgage lending,” said Ellis. Early adopters of the platform confirm the system’s ability to address costly tasks and mitigate errors that slow loan production. Ellis was previously head of U.S.

Mortgages

Housing Wire

OCTOBER 27, 2024

Yet, despite significant investments in new technologies, the cost to originate loans has dramatically increased. The human touch remains critical in mortgage lending. Human-centric design Solutions need to be designed with the end-user in mind, enhancing rather than replacing human work.

Technology