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.

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Equity Loan Officer Residential Commercial 382

Housing Wire

NOVEMBER 8, 2022

Publicly traded lending software firm MeridianLink has acquired OpenClose , a fintech company that specializes in residential mortgage software solutions for banks, credit unions and mortgage lenders. How mortgage lenders are qualifying the value of fintech solutions. The company earned $71.8 Presented by: Total Expert.

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Mortgages Lending Technology Banks 400

Housing Wire

DECEMBER 12, 2022

I , a blank check company affiliated with fintech Figure Technologies , plans to merge with a warehouse lender and bank holding company to potentially bring blockchain technology to the financial institution. United Wholesale Mortgage went public in January 2021 after merging with Gores Holdings IV.

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Banks Mortgages Due diligence Technology 381

Housing Wire

MARCH 20, 2024

Ally Home , the residential mortgage lending arm of Ally Bank , is offering a $5,000 grant for eligible homebuyers in the select markets of Charlotte, Detroit and Philadelphia, the company announced on Tuesday. The upfront lump sum can be applied toward a down payment, closing costs or other expenses related to the homebuying process.

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Banks Closing costs Lending Equity 383

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. Jacob is not alone in seeing the potential upside for crypto-mortgages and AI-enabled traditional loans.

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Due diligence Mortgages Equity Loans 450

Housing Wire

FEBRUARY 21, 2024

Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror. In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. According to data from the U.S.

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Mortgages Title Marketing Lending 349

Housing Wire

AUGUST 17, 2023

Reflecting the housing industry’s headwinds, just 16 mortgage lenders and brokers made the annual list of Inc. It’s a sharp decline from 2022, when nearly 70 mortgage lenders and brokers were named. The top mortgage lender on the Inc. Zap Mortgage (no.294) The companies are U.S.-based, Trius Lending Partners (no.678),

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Mortgages Loan Officer Fixed-rate mortgage Loans 369

Housing Wire

AUGUST 16, 2022

Nearly 70 mortgage lenders and brokers made it on the list of Inc. All the top five mortgage lenders debuted on the Inc. theLender , which offers government and conventional mortgages as well as non-QM products, saw a 20,489% three-year growth rate. All the top five mortgage lenders debuted on the Inc. Zap Mortgage (no.335),

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Mortgages Lending Investor Loans 369

Housing Wire

JULY 19, 2022

Fannie Mae and Freddie Mac ’s regulator imagines a future where, perhaps through artificial intelligence and machine learning, errors in mortgages are identified in real time before a loan is closed. billion five years ago, per the Federal Housing Finance Agency — closing a mortgage loan has since gotten more expensive, not less.

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Mortgages Finance Loans Technology 372

Housing Wire

OCTOBER 21, 2020

Lone Star Funds ‘ residential mortgage lender Caliber Home Loans hopes to raise up to $538 million at its highly anticipated public debut next week, according to documents filed with the Securities and Exchanges Commission on Wednesday. ” Yet just a year ago – like many mortgage lenders – Caliber posted a net loss of $59.4

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Equity Mortgages Loans Residential 334

Housing Wire

FEBRUARY 17, 2023

Fintech Figure Technologies will partner with NovaWulf Digital Management to provide blockchain technology solutions for a proposed reorganization of troubled crypto lender Celsius. NewCo is expected to be a public reporting company that is initially 100% owned by Celsius creditors with its common equity provided in a tokenized form.

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Bankruptcy Equity Technology Lending 296

Housing Wire

SEPTEMBER 21, 2023

Founded in 2003, Inglet Blair specializes in the analysis of residential mortgage loans and other forms of secured mortgage-related debt, leaning on ratings-agency approved insight. “As Inglet has joined QC Ally as an equity partner. “We

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Due diligence Equity Loans Residential 365

Housing Wire

JULY 12, 2021

Venture capital-backed mortgage lender Better.com is going international. The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. since early 2020, with plans to usurp the traditional mortgage brokerages that dominate the U.K.’s homeowners.

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Brokerage Mortgages Loan Officer Banks 399

Housing Wire

DECEMBER 15, 2022

It’s picked up PropertyVal , a Maine-based AMC that is among the largest independent residential appraisal firms in the state. “We In February, the company acquired Detroit-based AMC Metro-West , one of the largest independent residential appraisal firms in the country, with staff across 80 metros. has acquired yet another firm.

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Residential Lending Equity Technology 370

Housing Wire

APRIL 19, 2022

Those new investments include venture capital plays, particularly in the financial-technology arena. Abate described technology as being key to “building efficiencies” to accomplish the real estate investment trust’s goals. Vesta Equity , another blockchain-enabled marketplace for tokenized home-equity investments. “As

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Equity Technology Investor Residential 369

Housing Wire

AUGUST 6, 2020

The move comes 15 months after Thoma Bravo , a private equity investment firm, announced it would acquire Ellie Mae in an all-cash transaction of $3.7 ICE’s decision to acquire Ellie Mae follows the company’s actions over the last four years to strengthen its hold in the residential mortgage industry.

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Residential Equity Mortgages Industrial 531

Housing Wire

DECEMBER 29, 2020

With 2020 finally coming to a close, several companies wrapped up this unprecedented year for housing with some brand-new mortgage tech for 2021. With that aggregation, Optimal Blue said lenders can more efficiently price and originate mortgage products that can be sold on the secondary market.

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Mortgages Investor Technology Banks 334

Housing Wire

APRIL 11, 2022

Top mortgage lending software and analytics provider Black Knight is reportedly exploring a sale following takeover interest from several private equity firms. Black Knight’s stock has been punished due to the company’s exposure to the mortgage business – after reaching a record of $4.4 billion.

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Equity Technology Lending Investor 324

Housing Wire

NOVEMBER 11, 2020

LoanDepot, which has a reputation for investing heavily in technology, was the sixth-largest mortgage lender in 2019 , issuing 146,000 originations. coupon amid a historic boom time for the residential mortgage industry. Since then, a number of other large independent mortgage banks have announced plans to file suit.

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Equity Technology Lending Mortgages 432

Housing Wire

NOVEMBER 2, 2023

Just a couple years ago there was incredible momentum building around alternative ways to purchase, sell and extract value from residential properties. Lack of affordability, limited supply and the need to access equity without selling remain major friction points for homebuyers and homeowners alike. My, how things have changed.

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Purchase and sale agreement Marketing Equity Finance 356

Housing Wire

AUGUST 1, 2023

From leading mortgage companies and real estate firms to spearheading groundbreaking initiatives and driving policy reforms, these honorees are making an indelible impact on housing.

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Lending Title Mortgages Equity 370

Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. Nonbank lenders such as Pennymac , Mr. Cooper , loanDepot , Guaranteed Rate , Fairway Independent Mortgage , Interfirst Mortgage Co.,

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Mortgages Loan Officer Lending Loans 421

GeekEstate

OCTOBER 29, 2021

I’m excited to release Thomvest’s real estate technology market map, which includes more than 240 companies operating within the residential real estate segment. This market map real estate technology companies operating across every phase of the home purchase value chain. As such, we’ve included the Blend logo in those areas.

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Technology Marketing Purchase and sale agreement Equity 135

Housing Wire

SEPTEMBER 4, 2020

“We are excited to begin the next important chapter in our journey to digitize the residential mortgage industry,” said Jeff Sprecher, founder, chairman and CEO of Intercontinental Exchange. billion private equity shop Thoma Bravo spent acquiring it a little over a year ago. ICE also acquired Simplifile in 2019 for $335 million.

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Mortgages Equity Residential Industrial 313

Housing Wire

AUGUST 30, 2022

There is also a renewed interest in the future state of residential mortgage originations. This has led many lenders to feel overwhelmed by options and lack understanding of how, when and where to best implement new technology. Looking Inward. This does not even include the exacting requirements of regulators and investors.

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Lending Technology Equity Investor 406

Housing Wire

AUGUST 7, 2023

Residential property transactions are manufactured with data components assembled from disconnected and diverse sources. Technology and the trust model Real estate is too vital to our economy to be so financially concentrated and functionally outdated. Consumers, communities and taxpayers are major beneficiaries.

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Lending Loans Technology Brokerage 353

Housing Wire

FEBRUARY 4, 2021

After months of uncertainty , CoreLogic announced Thursday that it entered into a definitive agreement to be acquired by Stone Point Capital and Insight Partners for $80 per share in cash, or an equity value of about $6 billion. This would be a premium of 51% to CoreLogic’s unaffected share price as of June 25, 2020.

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Lending Equity Investor Finance 446

Housing Wire

NOVEMBER 3, 2021

Digital mortgage-servicing platformer Valon announced Wednesday a $43.9 million raise in equity funding with participation from affiliates of Starwood Capital Group and Freedom Mortgage , alongside independent investor and Softbank Group International CEO, Marcelo Claure.

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Investor Mortgages Staging Equity 348

Housing Wire

AUGUST 28, 2023

CEO Vishal Garg said in an interview with HousingWire that the company targets mortgage marketplace and white-label technology models. The jump in gain-on-sale margin resulted from “market volatility which positively impacted our mortgage platform revenue,” its 8-K filing states. million from April to June.

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Purchase and sale agreement Loans Banks Finance 345

Housing Wire

APRIL 16, 2021

The dropping of the S-1 closely follows the mortgage tech firm’s big venture capital raise in January, in which it raised $300 million in a Series G round from Tiger Global Management and others. Blend, which was named as one of HousingWire’s 2021 Tech 100 winners, has steadily grown to be a powerhouse in the mortgage tech industry.

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Banks Lending Technology Mortgages 268

Housing Wire

NOVEMBER 17, 2022

Mortgage industry executives are echoing the sentiment that Ginnie Mae’s risk-based capital requirement is currently the main concern for companies holding mortgage servicing rights (MSR). Of those issuers already compliant with RBCR, many have ample equity capital to support the acquisition of MSRs that may come on the market.”

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Marketing Lending Loans Principal 395

Housing Wire

FEBRUARY 8, 2021

The multi-channel mortgage lender hopes to raise $300 million by pricing its shares between $19 and $21. According to figures from Inside Mortgage Finance , California-based loanDepot originated about $100 billion worth of residential mortgages in 2020. billion valuation later this week. The company generated $1.47

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Lending Branding Mortgages Loans 458

Housing Wire

OCTOBER 9, 2020

During the half-hour discussion, the panelists offered their takes on capital market appetite by channel, touching on the rise of the nonbank, regulatory challenges, IPOs, adaptation and technology, the upcoming adverse-market fee, MSR value and even the forbearance timelines. ” The banking tech laggard.

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Marketing Banks Investor Technology 370

RIS Media

FEBRUARY 4, 2021

CoreLogic® has announced that the company’s Board of Directors unanimously approved a definitive merger agreement under which funds managed by Stone Point Capital and Insight Partners will acquire all outstanding shares of CoreLogic for $80 per share in cash, representing an equity value of approximately $6.0

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Equity Finance Technology Closing 105

Housing Wire

MARCH 23, 2021

Residential brokerage Compass took another step toward becoming a publicly traded company Tuesday, declaring it intends to sell common stock at a share price of between $23 and $26. Presented by: Motto Mortgage. It would appear that Compass is positioning itself as a technology company and not merely a brokerage.

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Marketing Brokerage Banks Residential 337

Housing Wire

JULY 13, 2021

Guaranteed Rate, the Chicago-based mortgage lender , and Compass, the New York City-headquartered residential real estate brokerage , “entered into a definitive agreement to form OriginPoint , a new mortgage origination company,” according to a press release Tuesday. billion in mortgages last year. Guaranteed Rate’s $73.9

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Purchase and sale agreement Brokerage Loan Officer Mortgages 295

Housing Wire

MAY 31, 2022

The San Francisco company was now “backed by the top three technology initial public offering underwriters,” Side announced at the time , and the money raise “sets the stage for a future IPO.”. The executive then went on to talk about first developing The Agency’s mortgage, title, and other ancillary services. What about going public?

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Brokerage Investor Technology Industrial 377