Housing Wire

MARCH 19, 2025

All three of the company’s product channels purchase, refinance and home equity saw annualized growth. Purchase business was up 25%, refinances soared 611% and home equity products (which include HELOCs and closed-end second-lien loans) saw 416% year-over-year growth. It finished 2024 with $3.6

Loan Officer

Housing Wire

DECEMBER 30, 2024

The good news for 2024 for us was that we had a lot of forward loan officers realize that reverse mortgages are a great piece [to add to] their business, and a lot of people took the initiative to get certified, she said. There may be ways to improve that, whether it’s changes in guidelines or changes in technology.

Mortgages

Housing Wire

NOVEMBER 1, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO), a subsidiary of the Mortgage Bankers Association (MBA), has been developing a series of uniform technology standards that will ideally allow for the somewhat siloed reverse mortgage industry to more easily collaborate with others in the mortgage finance ecosystem.

Mortgages

Housing Wire

JUNE 4, 2025

As borrower expectations for personalized, timely communication rise, loan officers are turning to AI-powered tools to stay competitive. Loan officers realize margins are too tight to treat prospects as one-time deals. It comes down to timing and relevance.

Industrial

Housing Wire

MARCH 19, 2025

Editor in Chief Sarah Wheeler sat down with Chad Smith, president and COO of Better Mortgage , to talk about leadership, technology, and how they have pivoted their business strategy to meet the needs of this market. Smith joined Better in May 2024 after serving in senior leadership roles at Mission Loans, Caliber Home Loans and loanDepot.

Loan Officer

Real Estate News

JULY 18, 2025

Skip to Content Agents Brokerages MLS/Assn Tech Industry By the Numbers Consumer Illustration by Lanette Behiry/Real Estate News Industry Homeownership education needs a reboot — and a new messenger Loan officers and financial advisors need to meet aspiring buyers where they are as many increasingly turn to social media for home financing advice.

Loan Officer

Housing Wire

MAY 12, 2025

HELOC and home equity loan originations jumped 6% and 8% , respectively, in Q3 2024. Homeowners are increasingly turning to HELOCs as a means to access home equity without refinancing their low-rate mortgages. According to the Mortgage Bankers Association , the lenders who are making money right now arent just originating loans.

Mortgages

Housing Wire

MAY 13, 2025

At the core of this strategy is Better s AI loan assistant, Betsy , which executed 127,000 consumer interactions in March. The company was recently able to restructure $530 million in convertible debt with SoftBank s SB Northstar , improving the company’s balance sheet by $200 million in pretax equity value.

Purchase and sale agreement

Housing Wire

JULY 28, 2025

Figure Technology Solutions , a blockchain-native capital marketplace, announced on Monday an expansion of Intellidebt, its Direct Debt Payoff (DDP) solution. The move aims to allow borrowers to consolidate existing liens and high-interest debt directly through the loan application process.

Loan Officer

Housing Wire

APRIL 24, 2025

It’s designed to offer a broader set of comparison options for traditional mortgage brokers and forward loan officers to review reverse mortgage offerings with their clients, according to an announcement issued this week by HECM Tool. The platform was developed by reverse mortgage industry veteran Tane Cabe.

Mortgages

BAM Media

JUNE 4, 2025

BAM Key Details: The latest ICE Mortgage Technology report shows U.S. homeowners tapped nearly $25 billion in home equity during Q1 2025the highest first-quarter volume since 2008 and a 22% increase year over year. Home equity reached a record $17.6 Tappable Equity Just Hit a Record $11.5 trillion, with $11.5

Equity

Housing Wire

MARCH 31, 2025

Every loan officer has their own means of how to reach Realtors and potential borrowers. In our organization, we have a small percentage of loan officers that are really committed to reaching these individuals through social platforms, Lindsi Flynn, director of marketing at Assurance Financial , said in December.

Sales

Housing Wire

DECEMBER 2, 2024

The CFPB’s focus is on how brokerage firms comply with loan officer compensation rules, particularly in regard to lender-paid versus borrower-paid options. Additionally, the bureau is evaluating whether brokers effectively shop for the best loan options for borrowers and adhere to fair lending practices.

Brokerage

Housing Wire

NOVEMBER 22, 2024

Large MSR owners are getting a lot of benefits through their skills and investment in technology, and they’re able to pass that through to the MSR economics, including things like retention,” said Chris King, senior vice president at Texas-based Mr. Cooper , the largest primary servicer in the U.S., which manages a $1.34

Mortgages

Housing Wire

MAY 21, 2024

will pay its loan officers 100% of the commission splits “without any per-file fees or other hidden fees,” according to co-founder and CEO Mike Kortas. NEXA usually pays loan officers 220 basis points (bps) out of 275 bps on most loans. NEXA Mortgage , the largest mortgage brokerage firm in the U.S.,

Loan Officer

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. homeowners saw home equity increase 1.7%

Equity

Housing Wire

AUGUST 26, 2024

HousingWire reported that in June 2022, the company raised $115 million — $60 million in equity and $55 million in debt — while acquiring Denver-based lending startup Accept.inc. A total of 40 lenders use the product, including The Loan Store and Luminate Home Loans , which is available in 46 states and and Washington, D.C,

Equity

Housing Wire

SEPTEMBER 5, 2023

I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night. SW: ICE Mortgage Technology is known for its focus on automation. Sarah Wheeler: ICE’s acquisition of Black Knight just closed today.

Technology

Housing Wire

OCTOBER 23, 2024

Mortgage data and workflow solutions provider FirstClose is launching a new feature for its automated home equity point-of-sale system. The Austin -based company has added the Digital Loan Product Wizard to the system, according to a recent announcement. Early trials of the feature yielded a 10% increase in applicant conversion rates.

Equity

Housing Wire

FEBRUARY 6, 2024

With the central bank expected to cut interest rates this year, banks reported that loan demand should strengthen across residential loan categories in 2024, according to the Fed’s quarterly senior loan officer opinion survey (SLOOS) released on Monday. The survey showed that a net 25.5%

Residential

Housing Wire

OCTOBER 11, 2023

The integration of CoreLogic’s AutomatIQ Borrower Income Analysis, SmartFees and property data into the DMP interface will allow loan officers can obtain crucial information about borrowers and properties at the outset of the process, CoreLogic noted. “By It then tailors that data to the home-buying process.

Mortgages

Housing Wire

SEPTEMBER 1, 2023

New York-based investment firm Cerberus Capital Management has entered into a definitive agreement to acquire home equity lender Spring EQ , the companies announced on Friday. The transaction will allow Cerberus executives to realize new opportunities as demand for home equity solutions in the U.S. accelerates.

Equity

Housing Wire

AUGUST 13, 2021

This tipping point came after several years of rapid technology growth in our industry. The trends we elaborated on two years ago, pre-COVID, are now the standard: Digital is the new normal and technology is now the price of entry rather than a competitive advantage. To them it’s just “a mortgage application.”. MLS reinvented.

Loan Officer

Housing Wire

JUNE 20, 2024

Real estate technology firm Knock announced Thursday that its bridge loan product is being integrated into the borrower application process at Baltimore -based NFM Lending. The bridge loan estimate is being integrated into the lender’s workflow through an Encompass plugin.

Lending

Housing Wire

FEBRUARY 20, 2024

Today, a mortgage lender must have scalability in its operation, an ability to pivot quickly to meet changing market conditions and client needs, a well-designed technology stack and, above all, a keen sense of what its customers and the marketplace truly want from them.

Loan Officer

Housing Wire

NOVEMBER 15, 2022

HousingWire recently spoke with Dan Catinella, chief lending officer at Total Expert, about how Customer Intelligence technology is improving deal flow and pushing the customer experience into the 21st century. . Insightful borrower data and enhanced tech solutions are paramount to success in today’s modern mortgage industry.

Loan Officer

Housing Wire

MARCH 28, 2024

The digital lender made changes in its commercial operating model to achieve this goal and will continue to invest in Tinman, its proprietary technology platform. The operating model change involved Better pivoting to hiring experienced loan officers on commission-based compensation plans. Better posted a GAAP net loss of $59.5

Loan Officer

Housing Wire

SEPTEMBER 25, 2024

Today’s focus is on cultural fit, innovative talent compensation strategies, and leveraging technology to stabilize workforce needs through economic cycles. loanDepot’s focus is on the sales side, attracting experienced loan officers (LOs) and people who want to join the industry via its accelerated career in effective sales (ACES) program.

Industrial

Housing Wire

MAY 3, 2022

Nonbank heavyweight loanDepot will unveil a home equity line of credit (HELOC) product in the third quarter of 2022, the first offering of its recently launched mello business unit. ” Prospective borrowers can talk to a licensed loan officer if they prefer during the approval process, however. .

Equity

Housing Wire

OCTOBER 13, 2021

has raised $175 million to accelerate growth and fund new technologies , just 16 months after relaunching its operations. Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said. and former U.S.

Mortgages

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 average interest rate for all loans was 3.48% in April 2020.

Closing

Housing Wire

MARCH 18, 2021

Offerpad will also receive a $200 million commitment from private equity investors such as BlackRock and Zimmer Partners. Technology has given consumers the power of choice and expedited the entire real estate purchasing process. Supernova Partners will shepherd Offerpad onto the New York Stock Exchange, according to a press release.

Loan Officer

Housing Wire

OCTOBER 12, 2023

By deploying customer intelligence from Total Expert — a customer engagement platform for financial institutions — Mountain West Financial will provide automated alerts that notify its loan officers in real-time when a customer’s behavior or financial situation signals they’re a good candidate for a home loan, Total Expert said.

Loan Officer

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. AI can understand the loan status, a loan profile and AI can respond to the consumer.

Mortgages

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. However, they are hampered by comparatively poor technology and the slow speed at which they can close a loan, analysts said.

Mortgages

Housing Wire

FEBRUARY 15, 2024

We were focused on being able to take a consumer all the way through on our technology platform for just the conventional loans, and we achieved that milestone back in the summer of 2023. More recently, we’ve been hiring loan officers, processors and underwriters as the company has been starting to grow,” Garg said.

VA loan

Housing Wire

NOVEMBER 2, 2020

As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. Black Knight is a proven mortgage industry leader in servicing technology.

Lending