Housing Wire

APRIL 8, 2025

Income verification Truework today announced the appointment of Randy Lightbody as its head of mortgage, a position that the company describes as being “newly created.” He also co-founded the AI -powered mortgage underwriting system Candor and held the role of Managing Director at Accenture.

Due diligence 355

Due diligence Mortgages Technology Banks 355

Housing Wire

DECEMBER 16, 2021

The process of vetting loan pools assembled for private-label securitization deals is, to a degree, like sausage-making. A recent report by the Kroll Bond Rating Agency , however, raises a yellow flag about current loan-review practices in the private-label market that requires examination of the sausage-making.

Due diligence 403

Due diligence Loans Investor Mortgages 403

Housing Wire

MAY 15, 2024

New York Community Bancorp , the parent of Flagstar Bank , said it’s still committed to the home loan business despite selling approximately $5 billion in warehouse mortgages to JPMorgan Chase Bank to improve its capital and liquidity position. market share, according to Inside Mortgage Finance (IMF) estimates.

Loans 451

Loans Mortgages Due diligence Banks 451

Housing Wire

APRIL 18, 2024

The loan repurchase trend that began to sting many mortgage originators in 2022 appears to finally be winding down, according to a recent report by Sterling Point Advisors and Augment Analytics. This created balance-sheet havoc for a number of lenders, particularly for small and midsized originators.

Loans 430

Loans Due diligence Investor Technology 430

Housing Wire

JUNE 20, 2024

Oklahoma -based Adfitech , a mortgage industry partner for quality control and risk management services, has changed its name to Mortgage Connect Risk Solutions. The move reflects the company’s 2022 acquisition by Pennsylvania -headquartered Mortgage Connect LP.

Due diligence 430

Due diligence Mortgages Pre-approval Lending 430

Housing Wire

DECEMBER 30, 2024

New relationships are forming between insurers seeking long-term debt investments and managers specializing in origination, securitization, and sale of mortgage -backed securities. Non-QMs are attractive because they have strong credit quality, low loan-to-value ratios, and stable origination volumes.

Banks 388

Banks Due diligence Residential Investor 388

Housing Wire

JANUARY 5, 2023

California-based Loan America, Inc. is the latest former business partner to sue Sprout Mortgage in a suit filed six months after the mortgage lender abruptly closed its doors. Loan America, a full-service mortgage company, relies on warehouse loans or lines of credit for loan funding, similar to many other non-QM lenders.

Loans 441

Loans Due diligence Loan Officer Mortgages 441

Housing Wire

OCTOBER 19, 2021

The historic mortgage boom spurred by the pandemic hasn’t just been a blessing for lenders – the slew of mortgage loan-trading platforms have also reaped the rewards of historic origination volume. Roughly 60% of mortgages are packaged and sold to investors, while the remaining is held in clients’ portfolios.

Loans 385

Loans Due diligence Mortgages Investor 385

Housing Wire

NOVEMBER 29, 2021

The supply-chain bottleneck afflicting the global economy has its own counterpart in the world of residential mortgage-backed securities, also referred to as RMBS. One group of industry players — loan underwriters — are the chief cause of the logjam. About a half-dozen RMBS issuers also were contacted for this story, including J.P.

Due diligence 475

Due diligence Loan Officer Loans Mortgages 475

Housing Wire

SEPTEMBER 11, 2024

As the mortgage industry continues to evolve at breakneck speed, risk management has never been a more critical lynchpin in the lending ecosystem. million loans and reviewing over 300 million documents. This could lead to significant financial losses and, sometimes, GSE revocation for the lender.

Due diligence 404

Due diligence Mortgages Lending Loans 404

Housing Wire

MAY 7, 2021

Encompass Investor Connect is a built-in, no additional cost feature within the Encompass Loan Origination System which enables lenders to seamlessly deliver loans to investors from Encompass – resulting in 40% fewer conditions, 1 day faster purchases and $49/loan savings. Product Fast Facts. #1. Get More Info.

Technology 412

Technology Due diligence Mortgages Investor 412

Housing Wire

DECEMBER 9, 2021

Investment bank Goldman Sachs , through its affiliate Goldman Sachs Mortgage Co., has sponsored 18 private-label transactions so far in 2021 backed by more than 20,000 loans valued collectively at $9.9 Also, home-price appreciation means more loans are falling into the jumbo loan category.”.

Loans 417

Loans Due diligence Residential Mortgages 417

Housing Wire

OCTOBER 29, 2020

HousingWire recently spoke with Brian Simon, president of Trelix Mortgage Fulfillment Services, about how Trelix helps its clients work more efficiently while still maintaining compliance and performing due diligence. HousingWire: What sets Trelix apart from other mortgage fulfillment services?

Due diligence 417

Due diligence Mortgages Title search Loans 417

Housing Wire

NOVEMBER 30, 2021

Record-setting mortgage originations coupled with a resurgent private-label securitization market have created an expanding demand for loan underwriters at a time when they are in scarce supply. . A recent report from the Federal Reserve Bank of New York illustrates the explosion of mortgage originations during the past year.

Due diligence 417

Due diligence Mortgages Loans Residential 417

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. So, it’s not just our loans supplying into this ecosystem … it could be any originator.”.

Due diligence 460

Due diligence Mortgages Equity Loans 460

Housing Wire

DECEMBER 2, 2021

The mortgage industry is contending with a loan-underwriter shortage that has acted like a governor on an engine — slowing the pace of a fast-growing private-label securitization market. Executives with TPR firms and the bond-rating agencies that make use of their due-diligence reviews agree the problem is a big challenge.

Due diligence 388

Due diligence Mortgages Technology Loans 388

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. The profile for Non-QM typically has FICOs in the mid-700s and 70% loan-to-value (LTV) ratios, with strong pay histories.

Lending 203

Lending Loans Due diligence Investor 203

Housing Wire

MARCH 23, 2021

Wherever there is commerce, there will be fraud, and the mortgage industry is no exception. The full extent of fraud in the mortgage industry may be impossible to fully quantify, but the 2020 True Cost of Fraud study by LexisNexis Risk Solutions estimated that the cost of fraud has risen 7.3% across U.S.

Lending 460

Lending Mortgages Due diligence Debt-to-income ratio 460

Housing Wire

APRIL 7, 2022

Fannie Mae is marketing its 25th sale of reperforming loans since its first offering six years ago and its second sale so far in 2022. The offering is comprised of 7,600 mortgages with total unpaid principal balance of $1.49 The transaction involves three loan pools — with pool 1 composed of loans with about $603.5

Loans 370

Loans Sales Principal Due diligence 370

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; and pool 3, $312.9

Loans 388

Loans Purchase and sale agreement Principal Due diligence 388

Housing Wire

AUGUST 19, 2020

Taken from the August issue of HousingWire Magazine, LauraMac is looking to increase the technology available to mortgage loans after the closing table. Launched just this year, LauraMac provides a suite of configurable products to enable collaboration that will transform the way due diligence is performed in the mortgage industry.

Due diligence 441

Due diligence Technology Loans Mortgages 441

Housing Wire

MAY 20, 2022

The residential mortgage origination process is very complex and origination and underwriting mistakes can be very costly, so lenders need to make sure they’re mitigating every possible risk related to the borrower and property. That’s why due diligence is a critical element of every mortgage transaction.

Due diligence 403

Due diligence Loans Residential Technology 403

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. 20, 2022, to Feb. Presented by: Polly.

Due diligence 388

Due diligence Mortgages Principal Lending 388

Housing Wire

JULY 11, 2024

Rocktop — a software-as-a-service (SaaS) company that works to improve yields for institutional investors , asset managers and other participants in the fixed-income and mortgage markets — has now placed more than $60 billion in unpaid principal balance (UPB) on its data management platform. billion in UPB.

Due diligence 417

Due diligence Mortgages Investor Technology 417

Housing Wire

APRIL 1, 2025

. “The combined company will have a strong branch footprint and deposit market share in the best markets in the west, strong core deposit funding, a well-diversified, conservatively underwritten loan portfolio and a growing wealth management and trust business.” Morgan Securities serving as its financial adviser.

Banks 375

Banks Due diligence Pre-approval Equity 375

Housing Wire

SEPTEMBER 21, 2020

After hiring 120 underwriters in the past 90 days, Evolve Mortgage Services announced on Monday the company plans to fill another 100 permanent underwriter positions for agency and non-QM loans by the end of the year. However, the company said that positions are permanent past the current mortgage cycle.

Mortgages 430

Mortgages Due diligence Industrial Development 430

Housing Wire

JUNE 28, 2022

Tech-fueled mortgage lender UpEquity just wants answers. . UpEquity sent between 30 and 40 loans per month to FGMC, worth about $60 million in total volume, executives said. Depending on the month, FGMC bought between one-fourth and one-third of the loans UpEquity sold to investors through the correspondent channel. ” .

Loans 388

Loans Due diligence Fixed-rate mortgage Lending 388

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. 20, 2022, to Feb. Presented by: Polly.

Due diligence 370

Due diligence Mortgages Principal Lending 370

Housing Wire

MAY 23, 2023

The growing wave of loan-repurchase requests from Fannie Mae and Freddie Mac has yet another major wrinkle, industry sources reveal, and this new problem, if accurate as alleged, threatens to disrupt future merger and acquisition (M&A) activity in the mortgage-finance industry.

Loans 403

Loans Purchase and sale agreement Due diligence Industrial 403

Housing Wire

FEBRUARY 7, 2022

Despite low home inventory, many lenders are still maintaining a healthy mix of purchase loan business. The Mortgage Bankers Association estimates a 9% increase to a record new purchase volume of $1.73 Why are Purchase Loans a Challenge for Mortgage Processors? Why are Purchase Loans a Challenge for Mortgage Processors?

Loans 370

Loans Due diligence Title Technology 370

Housing Wire

JANUARY 23, 2024

The Santa Ana, California-based financial services company provides solutions including due diligence services, property valuations, mortgage fulfillment and consulting and advisory services. Terms of the deal were not disclosed.

Due diligence 451

Due diligence Residential Real-estate owned Lending 451

Housing Wire

SEPTEMBER 25, 2024

A judge in Arizona granted Mat Grella, the former president of NEXA Mortgage , a motion to dismiss a lawsuit filed by the company. Apart from that, is it truly Mr. Kortas’s view that due diligence on a $25 million real estate transaction would not have involved someone asking about Nexa’s basic authority to make such a transaction?”

Mortgages 417

Mortgages Due diligence Brokerage Loan Officer 417

Housing Wire

MAY 16, 2023

Wells Fargo -backed mortgage fintech Maxwell has struck a deal to acquire mortgage solutions provider LenderSelect Mortgage Group from Blue Ridge Bank. ” Richmond, Virginia-based LenderSelect Mortgage Group, which provides mortgage loan solutions to lenders, closed its sale to Blue Ridge Bankshares Inc.

Mortgages 403

Mortgages Due diligence Banks Technology 403

Housing Wire

MARCH 17, 2022

Into March of this year, according to multiple market experts, the nonagency secondary market has been digesting a large backlog of mortgage collateral that was locked and originated last year during a much lower-rate environment than exists today. Pelka agrees that the PLS market is under pressure. “In

Loans 408

Loans Marketing Residential Due diligence 408

Housing Wire

JANUARY 6, 2023

The mortgage servicing industry landscape is shifting. The first, and more traditional source, is organic growth through new loan originations. The second method, which has become increasingly more common, is growth through either loan portfolios or company acquisitions. What does the portfolio cleansing process look like?

Due diligence 430

Due diligence Loans Industrial Investor 430

Housing Wire

FEBRUARY 9, 2023

LauraMac, a provider of mortgage loan review SaaS technology, announced on Thursday that it has integrated with LoanLogics IDEA , an intelligent document processing and data extraction technology. Its Loan Acquisition System (LAS) provides an end-to-end solution for buyers and sellers of loans.

Due diligence 361

Due diligence Technology Loans Mortgages 361

Housing Wire

MAY 27, 2025

Guild Holdings Company , the parent of retail lender Guild Mortgage , has engaged in M&A talks with Bayview Asset Management , both companies confirmed on Friday. Any transaction would be subject to due diligence and board approval, as is standard procedure in cases like this. Guild originated $5.2

Due diligence 176

Due diligence Principal Commercial Mortgages 176