Housing Wire

AUGUST 26, 2022

HousingWire: Should originators focus on any specialty mortgage products such as home equity lines of credit or non-QM? Both HELOCs and non-QM loans are made to order for today’s mortgage market. Equity can be used for any number of purposes, including home improvements. Lee Smith: Definitely. Non-QM products are more expansive.

Mortgages 362

Mortgages VA loan Loans Technology 362

Housing Wire

MAY 6, 2022

The firm’s earnings were driven by its servicing portfolio and about $520 billion in unpaid principal balance, said David Spector, chairman and chief executive officer of PennyMac in an earnings call. billion in unpaid principal balance, down 36% from the previous quarter and 32% from the first quarter of 2021. million, down from $106.5

Principal 359

Principal Loans Technology Mortgages 359

Housing Wire

AUGUST 1, 2023

Name Job Title Company Name Agnes Standowicz Senior Vice President and Head of Underwriting United Wholesale Mortgage Alayna Gardner Director of Sales and Marketing LodeStar Software Solutions Ali Haralson President Auction.com Amanda Tucker Chief Risk and Compliance Officer Atlantic Bay Mortgage Company Amy Gromowski Executive of Science and Analytics (..)

Lending 370

Lending Title Mortgages Equity 370

Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. Both firms will maintain their existing brands and teams. LLR Partners, which led a $26.5

Investor 324

Investor Sales Mortgages Loan Officer 324

Housing Wire

JANUARY 12, 2024

Principal among these are: Invested capital “requires” the highest return. If that were the case, the government itself could charge individuals and institutions a usurious amount for loans or for the creation of infrastructure. This area is a failure of proptech, abject to be sure. Why is this the case? Investors’ No.

Finance 399

Finance Principal Residential Development 399

Housing Wire

MARCH 12, 2024

The reduction was impacted by its exit of the wholesale channel in 2022, and it was partially offset by growth in servicing income and home equity lines of credit (HELOCs), as well as higher margins. Purchase loans comprised 76% of the total. Expenses, meanwhile, decreased by 36% to $1.25 billion in 2023. Margins ended Q4 at 2.96%.

Principal 388

Principal Mortgages Equity Technology 388

Housing Wire

JANUARY 5, 2022

Reverse Mortgage Funding, LLC (RMF) has acquired a portfolio of mortgage servicing rights (MSRs) and other assets from industry-leading lender American Advisors Group (AAG), which consists of more than 75,000 loans totaling $12.1 billion in unpaid principal balance (UPB).

Mortgages 387

Mortgages Principal Loans Industrial 387

Housing Wire

NOVEMBER 17, 2022

Government and conforming loans held for sale would have a 20% risk weight. Other loans held for sale would have a 50% risk weight. Of those issuers already compliant with RBCR, many have ample equity capital to support the acquisition of MSRs that may come on the market.” ” Executives refute this explanation.

Marketing 405

Marketing Lending Loans Principal 405

Housing Wire

MAY 5, 2021

Closed loan volume in the first quarter increased to $41.5 The decline in profit during the first quarter came partly as a result of the lender’s IPO, which resulted in $59 million in stock grants to its private equity backers and leadership. The unpaid principal balance of our servicing portfolio increased by 26% to $129.7

Marketing 299

Marketing Principal Technology Loans 299

Housing Wire

JANUARY 13, 2021

Under the CARES Act, borrowers with federally backed loans can request an initial 180 days of forbearance, and ask for another 180 days once that period is over. In these situations, when does the 180-day period begin — when those loans were set up on forbearance or when payments stopped? Loan decisioning. in January 2021.

Mortgages 456

Mortgages Investor Loans Technology 456

Housing Wire

JUNE 15, 2022

And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. “Rates are materially, definitely increasing faster than we were anticipating,” Saket Nigam, senior vice president of capital markets at Spring EQ , a home equity lender, said. The markets have been shaken to the core.

Mortgages 384

Mortgages Loans Investor Equity 384

Housing Wire

OCTOBER 28, 2020

CNBC reported on Wednesday that multiple parties were interested in pursuing a deal with CoreLogic, and that these include private equity firms. The Company does not intend to comment further on market speculation or disclose further developments unless and until it deems further disclosure to be appropriate or required.”.

Investor 347

Investor Principal Equity Technology 347

Housing Wire

JULY 22, 2022

The bank calls out 16 non-QM lenders in the text message, indicating it is ramping up scrutiny of its loan reviews, prior to advancing warehouse funding. The bank also indicates it may adjust “haircuts” — the percentage of the loan the originator must fund itself to ensure it has skin in the game.

Lending 382

Lending Banks Bankruptcy Loans 382

Housing Wire

SEPTEMBER 10, 2020

Existing backers FirstMark , Navitas , Accomplice and Juxtapose also participated in the financing, which exactly doubles the New York-based startup’s total equity raised since its September 2017 inception to $138 million. And in July, it announced its formal launch of Orchard Home Loans. Patrick Conroy, principal at Washington, D.C.-based

Title 263

Title Branding Principal Loans 263

Housing Wire

DECEMBER 11, 2023

The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand. There is a lot more inquiry for home equity line credit. How fast we move past that is up for debate.”

Mortgages 458

Mortgages Fixed-rate mortgage Equity Loans 458

RIS Media

JULY 30, 2021

“The unmatched power of Realogy’s strategic progress, innovation through technology, and leading presence in the luxury market, combined with our robust growth investments, position our business to lead into the future.” ” Highlights: – Generated Revenue of $2.3 and senior secured leverage ratio of 0.00x.

Branding 105

Branding Principal Title Equity 105

Housing Wire

APRIL 24, 2024

Additionally, its return on tangible common equity rose to 14.5% The company has started the year with excellent momentum, including return on tangible common equity rising to 14.5%,” Chairman and CEO Jay Bray said in a statement. Mr. Cooper funded 11,599 loans in the first quarter, totaling approximately $2.9 This included $1.4

Equity 340

Equity Lending Principal Technology 340

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 450

Mortgages Loan Officer Loans Equity 450

McKissock

FEBRUARY 13, 2023

Meet the presenters James Heaslet Serving as the Chief Appraiser for the Veterans Affairs (VA) Loan Guaranty Service since 2018, James is responsible for developing and overseeing policies and regulations for the VA Construction and Valuation department. Sign up now.

VA loan 85

VA loan Principal Development Title 85

Housing Wire

MARCH 7, 2024

The company also touted its dominance in Home Equity Conversion Mortgages (HECMs) and proprietary reverse mortgages, noting its 37% share of the total market while expressing a goal of doubling its monthly loan origination volume on a dollar amount basis in the months ahead.

Mortgages 384

Mortgages Marketing Equity Finance 384

Redfin

JULY 11, 2023

A mortgage is a loan specifically designed for purchasing a property, commonly a home. In the event that the borrower fails to repay the loan, the lender has the right to take possession of the property through a legal process known as foreclosure. Once the borrower’s equity reaches 20%, PMI can be canceled.

Pre-approval 59

Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

McKissock

FEBRUARY 13, 2023

Meet the presenters James Heaslet Serving as the Chief Appraiser for the Veterans Affairs (VA) Loan Guaranty Service since 2018, James is responsible for developing and overseeing policies and regulations for the VA Construction and Valuation department. View Pro-Series webinars.

VA loan 52

VA loan Principal Development Title 52

Housing Wire

FEBRUARY 9, 2024

trillion of unpaid principal balance (UPB) in mortgage servicing rights (MSR) by the end of March, a target announced in July 2021 when the portfolio was at $650 billion. You have to build and invest in technology. billion in loans, it had a $100 million pretax operating income. “ A key theme for 2023 was operating leverage.

Loans 400

Loans Principal Equity Banks 400

Housing Wire

MAY 1, 2023

Name Job Title Company Name Alayna Gardner Director of Sales and Marketing LodeStar Software Solutions Alex Boand Managing Director of Correspondent Group Sales Pennymac Alison Flinn Chief of Staff Development Amherst Amanda Morrow Director of Investor Relations Atlantic Bay Mortgage Company Andres Munar Owner and President Co/LAB Lending Andrew Jewett (..)

Loan Officer 370

Loan Officer Principal Title Lending 370

Housing Wire

AUGUST 29, 2022

Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%. billion in loans over the first six months of 2022 — for total proceeds of $871.7 UWM’s loan production income of $296.5

Equity 410

Equity Loan Officer Loans Mortgages 410

Housing Wire

AUGUST 2, 2021

Vice President of Technology Services. Nexsys Technologies. Principal and Chair, Financial Instituions Regulatory Practice Group. SVP, Loan Administration. Executive, Software Engineering & Technology. VP, Product and Client Services, Secondary Marketing Technologies. Bay Equity Home Loans.

Title 397

Title Lending Finance Technology 397

Housing Wire

NOVEMBER 16, 2022

trillion in loans, about half of 2021’s $4.4 Within the past week, one of the nation’s largest retail mortgage lenders, Charlotte-based Movement Mortgage , announced the acquisition of Mortgage Network, a deal that would add $2 billion in annual loan volume, 250 mortgage professionals and 31 branch offices to its network.

Banks 410

Banks Mortgages Loan Officer Due diligence 410

Marco Santarelli

MARCH 30, 2023

Financials, for example, can benefit from higher interest rates because it increases their net interest margins, which is the difference between the interest income earned on loans and the interest expense paid on deposits. When interest rates rise, it becomes more expensive for borrowers to take out loans, including mortgages.

Investor 40

Investor Loans Banks Mortgages 40

Housing Wire

JULY 15, 2021

Morty’s marketplace has processed more than $500 million in loans in the past 12 months, and saw revenue grow 800% year over year. Morty acts as both a marketplace model for users to shop and compare mortgages in one place, as well a broker of loan applications. The company is currently licensed in 36 states and Washington D.C.,

Principal 384

Principal Loans Equity Mortgages 384

Housing Wire

JANUARY 7, 2021

Digital mortgage platformer Blend is back this week, announcing that they are furthering their Freddie Mac partnership by integrating the GSE’s automated underwriting system, Loan Product Advisor. In 2019, QuestSoft added a CRA Saleability module to the platform to help lenders identify potential investors based on geographic location.

Mortgages 245

Mortgages Lending Loans Investor 245

Real Trends

MAY 13, 2022

A 1992 amendment to RESPA, for example, permits mortgage partnerships, or joint ventures, where equity in earnings are split 50-50. There is much more focus on equity and financial services, data privacy and helping consumers get through the COVID-19 pandemic.”. Communicate with me, with the principals in the transaction.

Title 75

Title Brokerage Agents Mortgages 75

HomeLight

JANUARY 31, 2022

For many adults who are accustomed to renting the places they call home (and equally accustomed to dealing with the hassles that come with it — short-term leases, zero financial equity, and, ahem, landlords) first-time homeownership can feel like an impossible dream; they don’t teach you how to save to buy a house in school, unfortunately.

Loans 84

Loans As-is Mortgages Agents 84

Realtor.com

APRIL 5, 2021

From individuals with smartphones and a few thousand dollars to pensions and private-equity firms with billions , yield-chasing investors are snapping up single-family houses to rent out or flip. Burns counted more than 200 companies and investment firms in the house hunt: computer-assisted flipper Opendoor Technologies Inc.,

Investor 59

Investor Finance Banks Principal 59

Housing Wire

JUNE 14, 2022

Both GSEs argue that these approaches advance equity. Freddie Mac currently uses that technology to speed appraisals on some purchase transactions, but only those with loan to value ratios up to 80%, but that excludes most Black and Latino borrowers. Fannie Mae also included efforts to “modernize” appraisals in its equity plans.

Equity 342

Equity Inspection Lending Finance 342

Marco Santarelli

AUGUST 3, 2020

There is a lot of construction activity going on especially in the entry-level single-family homes to satisfy the principals of supply and demand. According to KSAT12, job growth in the region is specifically focused within several pivotal sectors, including technology and cybersecurity. Graph Credits: Realtor.com.

Marketing 124

Marketing Investor Sales Construction 124

Notorious ROB

DECEMBER 19, 2022

To be fair, there were a number of big announcements, but the one I honed in on was this one: We plan to overhaul our current mortgage funnels away from third-party lead generation and toward Zillow Home Loans , and bolster our loan officers’ tools and capabilities to help the customers who come their way. Emphasis mine].

MLS 79

MLS Agents Pre-approval Brokerage 79

Patch of Land

AUGUST 27, 2018

It speaks to the importance of technology in CRE - especially by crowdfunding sites that are allowing more investors to enter the commercial investment space. As long as we think our crowd has an appetite for a deal, we will make the loan,” said Patch of Land’s Greenberg. If we made the loan, we like the project.

Due diligence 28

Due diligence Investor Commercial Land 28