Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. They are saying, ‘Tell me what’s working, how can I stand a program up so I can capture some of this [home-equity] business.”

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Housing Wire

NOVEMBER 16, 2021

Rising home prices continue to fuel the growth of the nation’s multi-trillion dollar home-equity market, a fact not lost on behemoth investment-management firm PIMCO. Learn about the tools lenders should leverage to streamline home equity title and closing. The loans are serviced by Rushmore Loan Management Services.”. for 2021-HE2.

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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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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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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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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. Caliber , based in Coppell, Texas, plans to raise upwards of $423 million by selling over 26.4

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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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Housing Wire

OCTOBER 19, 2023

This positions our associates to adapt and thrive in the market from both a business growth and technology innovation standpoint,” Matthew Mullin, principal and founder of The Mullin Blankfeld Group, said in a statement. “It It ranked 8th for residential sales volume, with a total of $46,687,375. The Blankfeld Group came in No.

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Housing Wire

DECEMBER 11, 2023

Residential sale-leaseback platform EasyKnock is under fire from the Massachusetts Attorney General’s office. In a news release last Tuesday, Attorney General Andrea Joy Campbell announced that she had entered into a settlement with EasyKnock for what her office alleged was deceptive practices that stripped consumers of their home equity.

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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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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 Earlier this year, QC Ally named Melissa Peregord as the company’s new chief growth officer.

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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. The announcement comes shortly after MeridianLink, which is owned by private equity giant Thoma Bravo , posted its quarterly earnings results.

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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. Expanding access to home financing options.

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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. Based in Pleasanton, Calif.,

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Housing Wire

NOVEMBER 13, 2023

Louis Federal Reserve that says American home equity amounted to nearly $30 trillion at the end of 2022. I divided that by total commissions paid out to residential Realtors in 2022 of approximately $84.8 of homeowner’s equity paid out in commissions.

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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. Figure Technologies raised $1.6

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Real Trends

NOVEMBER 8, 2022

Looking to the year ahead as interest rates continue to climb, agents have no choice but to let go of an attachment to legacy business practices, lean into technology for increased business and consider how to expand their capabilities to serve even more clients. And today, less than 25% of real estate professionals work in this space.

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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. Many of these goals lead to adding technologies that can both speed up cycle times and drive down costs.

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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. Presented by: Indecomm Global. It recently sold $500 million in senior notes at a 6.5% billion in its IPO.

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Housing Wire

JANUARY 12, 2024

The value of all residential real estate worldwide is approximately $200 trillion. The numbers are staggering so it is no surprise that residential proptech is a heady market, capturing the imagination of entrepreneurs and institutions alike. Of this, the U.S. accounts for approximately 23%. Every year, transaction volume in the U.S.

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Housing Wire

APRIL 26, 2022

LoanSnap is a mortgage company that employs artificial intelligence (AI) technology to originate loans more efficiently and faster. The crypto-mortgages originated by LoanSnap so far are more akin to home-equity loans as opposed to home-purchase or rate-and-term refinance loans. We’re not huge, but we’re not small either.”.

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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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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. “The potential sale appears to be a case when private equity is opportunistic because Black Knight’s stock has underperformed relative to expectations.

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Equity Technology Lending Investor 289

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 318

Housing Wire

AUGUST 16, 2022

Trius Lending, a local direct and hard-money lender specializing in residential investment, attributed its rapid success to customizing to investors’ needs. According to the firm, the core business at Trius Lending is residential rentals or properties for fix-and-flip. Zap Mortgage (no.335), 335), Trius Lending Partners (no.

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Mortgages Lending Investor Loans 363

Housing Wire

AUGUST 1, 2023

Jennifer McGuinness CEO Pivot Financial Jennifer Battista President of Operations and Insurance, Title – Settlement Services Anywhere Integrated Services Jennifer Vallinayagam Chief Operating Officer Sun West Mortgage Company Jennifer Lind Regional President, West Coldwell Banker Realty Jessica Sturm Executive Vice President Opteon Jillian White (..)

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Lending Title Mortgages Equity 370

Housing Wire

FEBRUARY 7, 2022

Amid protests set off by George Floyd’s death, Fannie Mae ’s CEO issued a public statement about its commitment to racial equity. I told him, ‘We have this serious racial equity issue still pending, and I hope Fannie Mae is serious about it.’” Our role in housing finance brings important responsibilities.”.

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Equity Inspection Real-estate owned Residential 370

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 324

Housing Wire

JULY 19, 2022

The FHFA this week launched a new Office of Financial Technology, which it said will be the main point of contact for fintech matters. At the same time, the agency is seeking feedback on how to incorporate technological advancements into the mortgage lifecycle. billion in 2021, up from $0.4

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Housing Wire

AUGUST 17, 2023

InstaLend is a tech-enabled real estate loan lender that provides capital to residential developers through streamlined technology and automated workflow, according to its website. Companies that debuted on the Inc. 5000 list notably relied on tech or niche products to generate volume. 5000 – 2023

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Mortgages Loan Officer Fixed-rate mortgage Loans 359

Housing Wire

SEPTEMBER 15, 2020

platform to identify and partner with iconic technology companies with proven management teams and assist in their transition to the public markets,” Palihapitiya said in a release. We created the IPO 2.0 “Opendoor perfectly embodies this vision,” Palihapitiya said. “The Company is transforming the $1.6

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Equity Residential Brokerage Technology 281

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 91

Housing Wire

FEBRUARY 21, 2024

Graduates of the program commonly find job placements with lenders, technology companies, fintech and proptech firms, or title companies. While this survey does not account for the residential side of the industry, it does provide helpful context to understand the demographics of real estate employment in the U.S. were women.

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Housing Wire

NOVEMBER 3, 2021

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. Putting the homeowner first is the foundation of our technology.” “But it doesn’t have to be that way,” Wang added.

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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.

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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. It would appear that Compass is positioning itself as a technology company and not merely a brokerage. stock price offering.

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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 company acquired 100% of the equity of Birmingham for a total consideration of $19.3 residential mortgages, the company said. million from April to June. million – consisting of $15.9

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