Housing Wire

OCTOBER 13, 2021

has raised $175 million to accelerate growth and fund new technologies , just 16 months after relaunching its operations. Principals of the private holding company StoicLane led the round, the firms said on Wednesday. Last year, Interfirst relaunched its services with a new proprietary loan origination technology platform.

Mortgages 291

Mortgages Investor Loan Officer Principal 291

Housing Wire

FEBRUARY 13, 2023

“I’m excited to help us innovate our operations and leverage technologies to build on that advantage…” Prior to joining Deephaven, Drago was the chief operations officer for the Southeast and Mountain West divisions of Guaranteed Rate. among others. million security backed by non-QM mortgages.

Mortgages 312

Mortgages Principal Banks Equity 312

Housing Wire

JUNE 28, 2022

Mortgage fintechs Sales Boomerang and Mortgage Coach have merged, roughly six months after a Philadelphia-based private equity firm bought a controlling stake in each company. In January, Sam Ryder, principal at LLR Partners, cited the companies’ solutions products as the reason for the capital investment.

Sales 378

Sales Mortgages Loan Officer Principal 378

Housing Wire

AUGUST 26, 2022

HousingWire: Should originators focus on any specialty mortgage products such as home equity lines of credit or non-QM? Equity can be used for any number of purposes, including home improvements. HW: Mortgage technology is accelerating quickly and originators are rushing to keep pace. Lee Smith: Definitely.

Mortgages 337

Mortgages VA loan Loans Technology 337

Housing Wire

FEBRUARY 17, 2021

But in 2018, a private equity firm, Charlottesville, Virginia-based Quad-C Management, took a stake in the company. In exchange, @Properties is offering its marketing department, their proprietary technology @platform, and potential financial assistance in a firm’s expansion. billion in 2019 sales, according to RealTrends.

Brokerage 330

Brokerage Principal Technology Equity 330

Housing Wire

OCTOBER 26, 2021

million in equity and $24 million in debt – valued the company at $450 million. Tom Richardson, head of strategic capital principal technology investments at Wells Fargo Strategic Capital, said in a statement that the capital “will help them achieve their business goals and continue to expand their product offering.”.

Mortgages 351

Mortgages Principal Loans Investor 351

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 331

Principal Loans Technology Mortgages 331

Housing Wire

JANUARY 12, 2024

Principal among these are: Invested capital “requires” the highest return. Optimize technology to create innovative financing options for first-time housing buyers at lower rates and prices, sacrificing per-unit economics for volume and community-building. This area is a failure of proptech, abject to be sure. Why is this the case?

Finance 357

Finance Principal Residential Development 357

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

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. loanDepot’s unpaid principal balance in its servicing portfolio increased to $145 billion as of Dec. billion in 2023. 31, up from $143.9

Principal 343

Principal Mortgages Equity Technology 343

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.

Investor 283

Investor Sales Mortgages Loan Officer 283

Housing Wire

MARCH 2, 2021

The transaction is expected to provide up to $645 million in cash proceeds and a fully committed private investment in public equity (PIPE) of $300 million. Doma, founded in 2016, says its patented machine-learning technology reduces title processing time from five days to five minutes. ” Doma saw revenues of $179.8

Title 311

Title Equity Principal Branding 311

Housing Wire

JANUARY 5, 2022

billion in unpaid principal balance (UPB). This transaction will facilitate AAG making disciplined investments into the core of our business, namely: technology, expansion of key initiatives, and the customer experience, as our customers are the heart and soul of what drives us at AAG,” he said.

Mortgages 355

Mortgages Principal Loans Industrial 355

Housing Wire

FEBRUARY 10, 2023

The performance was impacted by a mark-to-market of $58 million, adjustments related to severance and property consolidation of $23 million, and equity investment losses of $10 million. trillion in unpaid principal balance (UPB) that needs to be sold in the market. Cooper expects a cycle-wide opportunity for MSR acquisitions this year.

Principal 288

Principal Mortgages Lending Equity 288

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 323

Investor Principal Equity Technology 323

Housing Wire

APRIL 28, 2022

Mr. Cooper sold certain intellectual property rights related to its cloud-based technology platform for Sagent and received a minority equity stake in the fintech company. . Mr. Cooper ended the first quarter with $796 billion in unpaid principal balance (UPB), a 12% increase quarter-over-quarter and a 27% growth year-over-year.

Principal 345

Principal Mortgages Equity Closing 345

Housing Wire

NOVEMBER 17, 2022

Of those issuers already compliant with RBCR, many have ample equity capital to support the acquisition of MSRs that may come on the market.” ” A multiple is a measure of the price of an MSR loan pool, which is expressed as a percentage of the unpaid principal balance divided by the servicing fee.

Marketing 366

Marketing Lending Loans Principal 366

Housing Wire

MAY 5, 2021

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 265

Marketing Principal Technology Loans 265

Housing Wire

JANUARY 13, 2021

With deferral plans, servicers are required to combine the borrower’s missed payments, including principal, interest and escrow, and report the total sum – not a breakdown – to investors. The technology will also need to facilitate quick decisioning, while helping servicers remain complaint. But here’s the dilemma.

Mortgages 420

Mortgages Investor Loans Technology 420

Housing Wire

JUNE 15, 2022

. “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. Six months ago, at a rate of 2.87%, borrowers would pay $2,497 per month for principal, interest, taxes and insurance on a $450,000 house.

Mortgages 380

Mortgages Loans Investor Equity 380

RIS Media

AUGUST 10, 2021

Moderated by Yannaccone, founder of What Moves Her, this panel of some of the industry’s most savvy women leaders discusses five power moves leaders can make to continue raising the bar for business growth and gender equity in the real estate industry. Elm Street Technology. LoneWolf Technologies. Inside Real Estate .

Principal 89

Principal Technology Equity Industrial 89

Realty Biz

MAY 21, 2021

The Journal reported that pension funds and private equity firms have been busy, spending record sums on office buildings and hotels too as they expect more people to start traveling again in the near future. The Dallas-based travel technology firm Sabre Corp.

Commercial 113

Commercial Investor Equity Principal 113

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 104

Branding Principal Title Equity 104

McKissock

FEBRUARY 13, 2023

He is the principal expert for all matters related to residential property appraisals and valuation solutions at Veros. Jeff is also a member of the Appraisal Foundation’s Diversity, Equity, and Inclusion committee and the Industry Advisory Council (IAC) taskforce.

VA loan 85

VA loan Principal Development Title 85

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. billion in unpaid principal balance (UPB). in Q1 2024, up from 12.5% in the fourth quarter of 2023.

Equity 298

Equity Lending Principal Technology 298

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. Patrick Conroy, principal at Washington, D.C.-based

Title 236

Title Branding Principal Loans 236

Housing Wire

DECEMBER 11, 2023

We locked in rates probably 25% more during that same period,” said Jon Overfelt, director of sales and principal at American Security Mortgage Corp. “We There is a lot more inquiry for home equity line credit. We’ve already seen there is more of a focus on home equity lines of credit and cash out refinances.

Mortgages 450

Mortgages Fixed-rate mortgage Equity Loans 450

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 339

Mortgages Marketing Equity Finance 339

McKissock

FEBRUARY 13, 2023

He is the principal expert for all matters related to residential property appraisals and valuation solutions at Veros. Jeff is also a member of the Appraisal Foundation’s Diversity, Equity, and Inclusion committee and the Industry Advisory Council (IAC) taskforce.

VA loan 52

VA loan Principal Development Title 52

Housing Wire

DECEMBER 29, 2023

Strategies for 2024 I’m heavily focused on recruiting , improving technology and marketing, empowering the loan officers — by giving them the same technology and marketing support. Jon Overfelt, director of sales and principal at American Security Mortgage Corp. Home equity is really a no-brainer today.

Mortgages 440

Mortgages Loan Officer Loans Equity 440

Housing Wire

JULY 22, 2022

“…If lenders didn’t take rates up fast enough, or they didn’t liquidate their positions fast enough, there’s going to be warehouse facilities where the loans [made to lenders] are worth less than the equity [skin in the game] that the originator posted. That’s probably a little more common than people think.”. Lind of Acra Lending.

Lending 364

Lending Banks Bankruptcy Loans 364

Housing Wire

MARCH 19, 2024

Five Brothers expressed enthusiasm “to be joining forces with MCS to continue providing necessary and valuable nationwide field services, advanced technologies and unrivaled reverse/Home Equity Conversion Mortgage (HECM) expertise to its clients,” president and CEO Nickalene Badalamenti-Kalas said in a statement. “We

Mortgages 356

Mortgages Principal Commercial Real-estate owned 356

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

HomeLight

OCTOBER 24, 2023

That reminds us… Have you checked your home equity lately? But in San Jose, the home of 6,600 technology companies , you’ll need to level up your online marketing and use technology to make a statement. According to local statistics, home prices have risen from a median $300,000-$400,000 in the late 1990s to a cool $1.3

Staging 112

Staging Renovation Agents As-is 112

Redfin

JULY 11, 2023

You then make monthly payments, including principal and interest, over an agreed-upon term (usually 15 to 30 years) until the loan is fully repaid. Once the borrower’s equity reaches 20%, PMI can be canceled. How does a mortgage work? The interest rate and term length determine the amount of your monthly payments.

Pre-approval 59

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

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. Dallas-based Mr. Cooper is expected to reach $1.1 It ’s a scale business. The key for us is sustainability.

Loans 367

Loans Principal Equity Banks 367

Realtor.com

NOVEMBER 23, 2021

“These regions have two big advantages: The weather is relatively warm, and housing is more affordable, says Guy Berger , principal economist at LinkedIn. and Micron Technology both have offices there. That’s been a huge boon for homeowners in the state, where two-thirds of all homes are equity rich. Denver, CO.

Industrial 135

Industrial Equity As-is Principal 135